Nexa's Aripuan?? will be the largest mine in the state of Mato Grosso. (Image courtesy of Nexa Resources.) Global technology company ABB is partnering with Nexa Resources, one of the world's top zinc producers, to provide state-of-the-art industrial automation systems at Nexa's existing and planned operations. The first step will include modernizing the company's existing mining and smelting p...Read More
Despite beating average consensus forecasts for an adjusted loss per share of US34c and revenue of $219 million, the respective figures at -37c and $255.Read More
The JV company Minova Runaya Pvt Ltd (MRPL) is building a manufacturing plant at Bhilwara in Rajasthan to produce rock bolts, resin capsules, injection chemicals, wire mesh and ventilation products for the domestic and potentially offshore markets from early next year. The plant was said to have capacity to initially generate about US$60 million of products a year.India's mining industry has been...Read More
"Not surprisingly in this environment, we have been receiving daily inquiries from companies across the industry and world, from the West as well as China, and from streaming companies and various bank and non-bank lenders, inquiring about investing in these great projects," executive co-chairman Robert Friedland said.Ivanhoe said "a number of mining companies" had expressed interest in advancing...Read More
Share this articleCALGARY - Frankfurt-based Deutsche Bank is joining a lengthening list of European lenders and insurance companies that say they won't back new oilsands projects.The German bank said Monday its new fossil fuels policy will also prohibit investing in projects that use hydraulic fracturing or fracking in countries with scarce water supplies, and all new oil and gas projects in t...Read More
Share this articleMajor Positive Possibilities for Mining IndustryRENO, Nevada, July 28 2020 - Itronics Inc. (OTC:ITRO), an emerging "Cleantech Materials" growth Company that produces GOLD'n GRO Multi-Nutrient Fertilizers and Silver, updates its proprietary Rock Kleen Silver/Gold Tailings Processing Technology development which was described in detail in a press release dated April 2, 2020.Itronic...Read More
Gold and silver are running. Overnight gold hit $1,974 an ounce, and silver hit a high of $26.27 an ounce. Silver hit a low of $11.76 on March 15 before going on an epic 123% run over the next four months. This morning the precious metal duo has pulled back to $1,922 and $23.75, respectively.Here are five reasons to buy the dip: Yesterday, the U.S. Mint said it has reduced gold and silver coin s...Read More
Argonaut Gold (TSX: AR) has reported high-grade intercepts from its phase two drill program at the company's wholly-owned Magino gold project in Ontario, 14 km southeast of Dubreuilville.The phase two drill program targeted high-grade mineralization identified during the phase one program at the property's Elbow zone, situated below the proposed pit at Magino.Highlights include drill hole MA20-04...Read More
The U.S. Mint has reduced the supply of gold and silver coins to third-party distributors as the coronavirus pandemic slows down the production of coin currency.The Mint's New York-based facility is evaluating risks to employees to curb the spread of the virus, thereby slowing production for the next 12 to 18 months, Bloomberg reported, citing internal documents.The nation's coin maker, which is i...Read More
Nighthawk Gold (TSX: NHK; US-OTC: NIMZF) has released an updated resource estimate for its Colomac gold deposits as well as a maiden underground resource for the Damoti deposit, 28 km to the south, which lie within the company's wholly owned, 899-sq.-km Indin Lake gold property in the Northwest Territories, 200 km north of Yellowknife.At Colomac, total indicated resources now stand at 25.9 million...Read More
Gold prices held steady after a record-breaking rally that saw the spot price hitting new highs and futures touching US$2,000 per oz. for the first time.Spot gold continued its historic run earlier on July 28, setting a fresh all-time high of US$1,980.55 per oz. before pulling back on investor profit-taking. Spot was up 0.3% at US$1,950.17 per oz. by 11:20 a.m. EDT.U.S. gold futures returned to US...Read More
This week's episode features the second of a two-part interview with Iamgold president and CEO Gord Stothart at the Canadian Mining Symposium, held on Zoom on June 16, 2020. Online editor Adrian Pocobelli asks Gord about mining in Canada, tailings dams, and working with local communities.Gordon Stothart joined Iamgold at the end of 2007 as COO, moving to the position of president & CEO on March 1s...Read More
Rio Tinto (NYSE: RIO; LSE: RIO) says it has made a "promising" discovery in Western Australia, 2 km east of its Winu copper-gold project, which is on track to begin production in 2023.The world's second largest miner also reported a maiden resource for the Winu deposit, reporting 503 million inferred tonnes grading 0.45% copper-equivalent at a 0.2% copper-equivalent cut-off grade. The resource inc...Read More
The S&P/TSX Venture Composite Index rose by 2.5% to finish the July 20-24 trading week at 691.39, with spot gold finishing the week at US$1,901.30 per oz., a rise of US$91.00 per oz. from the previous week. Shares of Blackrock Gold jumped by 195.35% to $1.27 per share. The junior released initial drill results from the Victor target at its wholly owned Tonopah West project in western Nevada. Hig...Read More
The Dow Jones Industrial Average fell 0.76% to 26,469.89 and the S&P 500 fell 0.28% to 3,215.63. Spot gold jumped US$91 per oz., or 5.03%, to finish the July 20-24 trading week at US$1,901.30 per ounce.Shares of First Majestic Silver rose to US$13.28 per share, up 25.28%. The company reported second-quarter production of 3.5 million oz. silver-equivalent, consisting of 1.8 million oz. silver and 1...Read More
The S&P/TSX Composite Index fell 0.78% to 15,997.06 during the July 20-24 trading week. The S&P/TSX Global Mining Index rose 1.48% to 98.48, and the S&P/TSX Global Base Metals Index fell 3.22% to 99.14. Spot gold jumped US$91 per oz., or 5.03%, to US$1,901.30 per oz., and the S&P/TSX Global Gold Index rose 5.43% to 386.5. Shares of Nevada Copper fell by 6.67% to 14 ? per share. On July 23, the c...Read More
Construction at Minera Exar's Caucharí-Olaroz development was suspended three weeks ago after two workers tested positive for COVID-19.Lithium Americas said it had become aware of press reports indicating Jujuy had commenced proceedings related to Minera Exar's implementation of provincial COVID-19 health and safety protocols."Minera Exar and the shareholders take these claims seriously and...Read More
Triumph Gold Corp. (TSX-V: TIG) is a growth-oriented, Canadian-based, precious metals exploration and development company, currently advancing the district scale Freegold Mountain project in Yukon. We learned from John Anderson, Chairman and CEO of Triumph Gold, that Freegold Mountain has a great advantage over others, such as the government-maintained road with access off the Klondike Highway, wh...Read More
Physical demand fell 36% year-on-year to 677 tonnes, with primary demand drivers such as jewellery, which usually accounts for about 55% of consumption, contracting 53% in the period to the lowest level seen in the past two decades.All key regions saw "severe losses" as demand was paralysed due to the virus outbreak and lockdowns in many markets, in tandem with gold's 8% rise to average US$1,711/o...Read More
Calcite quartz vein in midnight shaft.Read More