The latest 22 holes at VC-07 East hit multiple broad intersections of massive, semi-massive, matrix and heavily disseminated nickel-copper sulphides. The widest hit was 46.Read More
Radius Gold Inc. (TSXV: RDU) is a gold and silver exploration Company, with a portfolio of compelling projects, located in Mexico, and Guatemala. Radius utilizes partnerships, where appropriate, to retain our Company's strong treasury. We learned from Bruce Smith, President and CEO of Radius Gold, that they are currently drilling at two projects, Holly in Guatemala, in joint venture, with Volcanic...Read More
Apple has been on a chart-topping hot streak for more than a decade now. Sure, there were a few embarrassing years in the 1990s when the company narrowly dodged bankruptcy, but it turned out to be the proverbial fire from which a newer, stronger Apple was forged. Steve Jobs was the company's visionary co-founder and leader until his death in 2011. Under his reign, nearly all of the most iconic A...Read More
The recently released June-quarter financial results from Triple Flag Precious Metals (TSX: TFPM) aptly encapsulates the vision founder and CEO Shaun Usmar has been working up to since starting the royalty and metals streaming business in 2016.Fresh from undertaking Canada's biggest mining initial public offering (IPO) in nine years, raising $250 million in May, the company has emerged as a more a...Read More
Africa-focused Gem Diamonds (LSE: GEMD) is selling its Botswana subsidiary to Okwa Diamonds, owned by Vast Resources (LSE: VAST) and Botswana Diamonds (LSE: BOD), for only US$4 million. Okwa Diamond's main target is the mothballed Ghaghoo in central Botswana, which Gem acquired from De Beers in 2007. The company had hoped the buy would help it diversify its portfolio away from Lesotho, where...Read More
Malaysia has provided rare earths producer Lynas Corp (ASX: LYC) with some breathing room for finding a permanent location for a low-level radioactive waste disposal facility for its processing operations on the country's east coast. The Australian miner, which fought hard to stay in Malaysia under certain conditions that needed to be fulfilled by September this year, said the licensi...Read More
The Dow Jones Industrial Average fell 395.3 points or 1.11% to 35,120.08 and the S&P 500 lost 26.33 points or 0.59% to finish the trading week at 4,441.67. Spot gold climbed US$1.00 per oz. to US$1,780.70 per ounce.Franco-Nevada dropped US$13.54 per share to US$141.34 share on no corporate news. The gold-focused royalty and streaming company reported second-quarter results on August 11. The comp...Read More
The S&P/TSX Venture Composite Index fell 58.55 points or 6.34% to finish the August 16-20 trading week at 864.51. Spot gold fell US$1.00 per oz. to US$1,780.70 per ounce.Shares of Neo Battery Materials rose 17 ? to 78 ?. The junior announced it had successfully produced the first prototype of silicon (Si) anode active materials and sent samples to partners for cell evaluation and electrochemical c...Read More
The S&P/TSX Composite Index fell 179.1 points or 0.87% to finish the August 16-20 trading week at 20,339.00. The S&P/TSX Global Mining Index dropped 7.48% to 100.51 and the S&P/TSX Global Base Metals Index plunged 10.06% to 158.84. The S&P/TSX Global Gold Index lost 3.01% to 281.16 and spot gold dipped US$1.00 per oz. to US$1,780.70 per ounce.Shares of Argonaut Gold rose 16 ? to $2.99 per share on...Read More
Blue Sky Uranium (TSXV: BSK; US-OTC: BKUCF) is exploring for uranium and vanadium deposits in the Patagonia region of southern Argentina, where it holds 400,000 hectares of prospective tenements.The Canadian junior's flagship project is its 100%-owned Amarillo Grande project in Rio Negro province, about 25 km north of Valcheta City.Nikolaos Cacos, the junior explorer's president and CEO, describe...Read More
First Quantum Minerals' (TSX: FM) subsidiary Minera Panam?? issued a communiqu?(C) over the weekend stating that it has not yet met with Panamanian authorities to discuss the renewal of the concession of its Cobre Panam?? mine.In the statement, the company said management is prepared to start the process as soon as local authorities are ready to engage. It also emphasized that its operations are u...Read More
The first fossil-free steel in the world has been delivered by Swedish steelmaker SSAB Oxel??sund to its first customer, Volvo Group.The product was manufactured in northern Sweden, using the Hybrit technology, which was developed by SSAB in partnership with iron-ore miner LKAB and utility Vattenfall. The technology uses 100% fossil-free hydrogen instead of coal and coke.Volvo has said that this...Read More
As the mining industry continues to dig up minerals needed to decarbonize the global grid, and pandemic restrictions ease, the need for ready access to mining and processing equipment is rising fast.Equipment is the lifeblood of any mining operation, and delayed deployment of the machines needed to ramp up operations can slow production and increase capital costs significantly; capital cost of equ...Read More
There's been a lot of finger pointing and head shaking over the past week as Afghanistan rolled over for the Taliban in record time.Of course, most of us had the luxury of sitting at a distance and marvelling as the chaos unfolded, second-guessing and bemoaning all the blunders of the last 20 years that brought us to this point.And that's going to go on for a while as political pundits and politic...Read More
NEW YORK, Aug. 16, 2021 /PRNewswire/ -- After a lengthy rough patch, the gold industry is showing signs of revival thanks to record high gold prices last year. Many experts...Read full newsRead More
On June 30, 2021, Zephyr Minerals submitted a hard rock mining permit application to the state Division of Reclamation, Mining and Safety (DRMS). Some people who live nearby Dawson Mine aren'...Read full newsRead More
During the COVID-19 pandemic, even while production was suspended, Cameco (TSX:CCO)(NYSE:CCJ) kept and continued to pay all the company’s employees. Partially off-setting these additional costs was the receipt of about $37 million under the Canada Emergency Wage Subsidy program and volatility in foreign exchange rates that resulted in foreign exchange gains.Adding to a portfolio of long-term...Read More
Kinross Gold (TSX:K)(NYSE:KGC) owns three large mines called Paracatu, Kupol, and Tasiast, which represented 62% of production. In fiscal 2020, these were the lowest-cost mines in the company’s portfolio, with record production and cost performance at Tasiast. All development projects have been advancing on schedule, with the company’s Fort Knox Gilmore construction completed on time a...Read More
We learned from Joe David, who's CEO of Elementos Limited (ASX: ELT) that recently, they made an announcement, committing to move forward, with a definitive feasibility study (DFS), for the Oropesa Tin Project in Spain. The Company has completed a nine-month drill program, with the goal of releasing an updated mineral resource estimate for the deposit, in approximately October of this year. Other...Read More
More than 200 publicly listed Canadian companies are cross-listed in U.S. stock exchanges. As such, their shares trade simultaneously in the TSX and NYSE or NASDAQ. Listing across the border makes perfect sense, because a company can broaden its investor base to include American investors — retail or institutional.Cross-listing also helps in image building, especially if the company has nove...Read More