Harmony Gold Mining Company Limited (NYSE:HMY) shares, rose in value on Thursday, March 10, with the stock price up by 2.96% to the previous day's close as strong demand from buyers drove the stock to $5.32. Actively observing the price movement in the recent trading, the stock is buoying the sessRead full newsRead More
Share this article VANCOUVER - MAG Silver Corp. [MAG-TSX, NYSE American] signed a definitive arrangement agreement to acquire all of the issued and outstanding common shares of Gatling Exploration Inc. [GTA-TSXV; GATGF-OTCQB] in an all-share transaction. Each Gatling shareholder will be entitled to receive 0.01702627 of a common share of MAG Silver for each share of Gatling held.The consideration...Read More
"A golden bait hung temptingly out before the people, and one after the other, they rushed to the tulip-marts, like flies around a honey pot. Nobles, citizens, farmers, mechanics, sea-men, footmen, maid-servants, even chimney-sweeps and old clothes-women, dabbled in tulips."- Charles Mackay, Extraordinary Popular Delusions and the Madness of CrowdsIn the mid-1600s, tulips had become all the rage i...Read More
Wyloo Metals has approved a $4.9 million drill program to explore the West Raglan project in northern Quebec's Nunavik region as part of its earn-in agreement with Orford Mining (TSXV: ORM). Wyloo, run by Australian billionaire Andrew Forest, aims to drill about 2,500 to 3,000 metres at West Raglan this year and will focus on the Frontier, Beverly and Boomerang zones. Last year Orford identif...Read More
MAG Silver (TSX: MAG; NYSE-A: MAG) is acquiring Canadian junior Gatling Exploration (TSXV: GTR) in an all-share deal.Gatling shareholders would receive 0.017 of a MAG common share for each Gatling share held, valuing Gatling at approximately $0.40 per share. The share consideration reflects a 49.1% premium relative to the company's closing price on the TSX Venture Exchange on March 10 and a 47.4...Read More
The New York-quoted equity of Wheaton Precious Metals Corp. (Nasdaq: WPM: TSX: WPM) fell on Friday after the company overnight reported lower earnings and revenue, missing analyst forecasts for the fourth quarter of 2021.Unphased by the equity performance, president and CEO Randy Smallwood tells MINING.COM in an interview, the company is generating strong free cash flow. WPM reported nearly $200 m...Read More
Guinea's ruling junta has ordered a full halt of Rio Tinto's (NYSE: RIO; LSE: RIO; ASX: RIO) vast Simandou iron ore project in the country's southeast, with interim president Mamady Doumbouya saying it is not clear how the mine will preserve national interests.The current government, which took power in a military coup in September, said in a statement that Doumbouya had not seen any progress in...Read More
Russia is going to default on its debt.It could happen as soon as next month, if not next week.It's a given.Russia's next bond payment is due on March 16, but even with a 30-day grace period, no one in their right mind believes Russia is actually going to pay it.In fact, it probably couldn't even if it wanted to.That's because Western sanctions have barred Russian banks from accessing foreign curr...Read More
First Majestic acquired the Jerritt Canyon Gold Mine from Sprott Mining Inc. on April 30, 2021. The Jerritt Canyon property contains ...Read More
Do you believe in parallel dimensions, alternate realities? Somewhere where there is no COVID, European tensions are just that - tense, market volatility is kept to a minimum. It is here, perhaps, in the inversed Buzz, where everything is "fine" ... but invariably, without...Read full newsRead More
According to all the vitriol on social media, high gas prices are the result of one of the following reasons...Joe Biden is weak.Donald Trump enabled Putin.Both of these are highly inaccurate.High gas prices are actually the result of something far more inconvenient.It's something few of us want to admit because it places the blame on our collective inability to accept an awkward truth: We've take...Read More
Vizsla Silver (TSXV: VZLA; NYSE: VZLA) has released assay results from seven new drill holes targeting the Copala and Christiano veins, located east of the Tajitos resource area, at its 100%-owned Panuco silver-gold project in Mexico. Highlights included 7.81 meters grading 1,559 grams silver per tonne and 7.29 grams gold per tonne starting from 274 meters in drill hole CS-21-116 and 2.09 meters...Read More
Environmental, social and governance (ESG) reporting has become more important in the mining industry, especially as companies seek fresh capital for projects, and as investors start to scrutinize ESG disclosures. A Thought Leadership panel at The Northern Miner's Q1 2022 Global Mining Symposium in late February explored the issues. Moderator Ani Markova, co-founder of Onyen Corp., began the di...Read More
Sanctioning Russian nickel will slow the adoption of electric vehicles (EVs) and hinder the decarbonization of Western economies, according to a new report from GlobalData.The result, such actions will simply mean Western countries will be more reliant on Russian oil and gas for longer," the analysts argue.According to GlobalData's Mining Commodity Analyzer, Russia was the third-largest nickel pro...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has become the first major mining company to announce it was cutting all ties with Russian businesses, joining a massive exodus of Western companies since Moscow's invasion of Ukraine.The world's second largest miner, which operates aluminum refineries in Russia's east together with aluminum producer Rusal International, had said it wanted to keep its rela...Read More
The Mining Association of Canada (MAC) has urged the government to invest more in critical minerals in this year's budget to avoid "slipping behind" its competitors in the sector, while revealing its annual report on the state of Canadian mining.Pierre Gratton, president of the association that includes about 50 of Canada's leading mining companies, told The Northern Miner in an interview that the...Read More
Talisker Resources (TSX: TSK; US-OTC: TSKFF) has released more high grade results from drilling in the Bralorne West area of its Bralorne gold project in British Columbia.One highlight of the latest batch of drill results is SB-2021-100, which intersected 38.01 grams gold per tonne over 1.55 metres and 13.43 grams gold per tonne over 1.70 metres. Another hole, SB-2021-102, returned 7.50 grams gold...Read More
Environmental, social and governance (ESG) reporting has become more important in the mining industry, especially as companies seek fresh capital for projects, and as investors start to scrutinize ESG disclosures. A Thought Leadership panel at The Northern Miner's Q1 2022 Global Mining Symposium in late February explored the issues. Moderator Ani Markova, co-founder of Onyen Corp., began the di...Read More
The price of gold reached a record high this week.And if you listen to the mainstream financial news, you might think the Russia-Ukraine war has everything to do with gold's record prices.The Wall Street Journal: "Russia-Ukraine Tensions Power Gold to Eight-Month Highs"CNBC: "Gold Rises Amid Russia-Ukraine Crisis"Bloomberg: "Gold Rises Above $2,000 as War in Ukraine Boosts Haven Demand"There's jus...Read More