The Minerals Council South Africa said the industry currently screened about 272,000 employees every time they reported for work and had conducted 15,994 tests, at June 25.By Friday, the number of mining employees who had tested positive for COVID-19 was 1,950 and the death toll had risen to seven.The Association of Mineworkers and Construction Union, which successfully fought for mandatory COVID-...Read More
Iamgold's (TSX: IMG) 70%-owned C??t?(C) gold project in northern Ontario has received a key federal permitting approval, taking it one step closer to a construction decision.The approval, under the Fisheries Act, is related to impacts on fish habitats and tailings management for the site, located 20 km southwest of Gogama.Iamgold says it's working toward a construction decision with Sumitomo Meta...Read More
Rupert Resources (TSXV: RUP) has reported two new drill results from its recently discovered Ikkari target at its wholly owned Pahtavaara gold project, located in northern Finland's Central Lapland Greenstone Belt, 150 km north-northeast of the town of Rovaniemi.Drill hole 120059 intersected 15.2 grams gold per tonne over 13 metres from 121 metres downhole including 36.6 grams gold per tonne over...Read More
Trevali Mining (TSX: TV; US-OTC: TREVF) has suspended operations at its Santander zinc-lead-silver mine in Peru after 19 workers tested positive for the Covid-19.Trevali said the workers were asymptomatic and put into quarantine.Further testing will be done at the mine, and the company did not provide a timeline for a restart.The underground mine is 215 km northeast of Lima and has a 2,000-tonne p...Read More
Rio Tinto (NYSE: RIO; LSE: RIO) has reached an agreement with Mongolia regarding the construction of a power plant to supply the giant Oyu Tolgoi copper and gold mine, located in the Gobi Desert.The new deal is a revision of the original power source framework agreement (PSFA) signed in 2018. It states that Rio Tinto, its subsidiary Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) and the Mongolian...Read More
Let's face it, at times like these, editorial writers are spoiled for choice. How does one choose among the most pertinent topics of the day? The surge in new coronavirus cases in the U.S.? Last week Florida, Texas, Oklahoma, and South Carolina all reported their highest-ever single-day totals of new cases. Yesterday Johns Hopkins University recorded nearly 39,000 new cases in the United States.Or...Read More
Teck president and CEO Don Lindsay joins The Northern Miner's Trish Saywell for a fireside chat at the Canadian Mining Symposium on Zoom.Read More
Joe Foster, Portfolio Manager and Gold Strategist at VanEck, is interviewed by Dean McPherson, Head of Business Development at TMX Group, at the 2020 Canadian Mining Symposium on Zoom.Read More
Ashley Kirwan, President, CEO, and Principal Geologist at Orix Geoscience presents "Going Back to First Principles-In Geology and Business" with an introduction by Cecilia Jamasmie, Senior Editor at MINING.com.Read More
Facts don't seem to matter much nowadays until they do.Here are some facts. The United States now has over 2.5 million confirmed cases of COVID-19 with over 128,000 dead. Hell of a flu. Here are some more facts. Taiwan with a population of 24 million didn't implement a lockdown yet it did have mandatory universal mask-wearing. Of the 24 million people in Taiwan, it experienced a total of 447 cas...Read More
An overview of the proposed Valentine Gold Project in Central Newfoundland.Read More
The Yanomami are the largest of South America's tribes that remain relatively isolated from the outside world.The lust for gold has attracted wildcat prospectors in recent decades, who have destroyed forests, poisoned rivers and brought fatal diseases to the tribe.Today, the Yanomami and localRead full newsRead More
The Oklahoma-based company was a fracking pioneer, but faced high debt as fuel prices plummeted during the coronavirus-induced economic slowdown.Read full newsRead More
SRSrocco When the results are released, the second-quarter economic data will be the worst on record. With the massive money printing by the U.S. government, public debt has ballooned more than $3 trillion since the lockdown of the domestic economy. The total U.S. public and private debt will likely surpass $80 trillion in Q2 2020.Here is my last update for the U.S. Total Debt All Sectors...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index could not move far above 960 before its momentum buckled and it slipped 22.19 points or -2.34% to close at 923.36.MACD dropped 0.5 points or 5.3% to -5.31. RSI tried but could not cross 60 and dropped 8.78 points to 48.53.Support is at 900.53 (50-day moving average) a...Read More
The zero-premium merger of SSR Mining and Alacer Gold could net the new SSR a higher stock price, especially with gold prices risingRead full newsRead More
Chile's Codelco, the world's No. 1 copper producer, has closed its Chuquicamata smelter and refinery to prevent a further spread of Covid-19 among its staff, following the death of a third worker this week.The move makes Chuquicamata the first major copper asset to close due to the sharp spike of coronavirus cases in Chile in the last two weeks.The news came on the heels of the country's environme...Read More
In the fall of 2019, I’d suggested that gold had the chance to reach $2,000 over the next year. At the time, this was based on a tenuous geopolitical situation as well as economic uncertainty that seemed to guarantee historically low interest rates for the foreseeable future. Because of this, I’d recommended that investors should look to stack gold stocks heading into 2020.Today, I wan...Read More
Companies active in the making of electric vehicles, (EVs) batteries, solar panels and other green technologies have been linked to alleged human rights abuses. (Image: Illegal coltan miners in DRC. Courtesy of Boston University | YouTube.) The ongoing and global transition to renewable energies is not exempt of human rights abuses, which could create risks in a sector vital to countering the...Read More
The junior mining industry is one that is highly volatile. However, now that gold has regained its lustre, several in the industry are marching towards record highs. Earlier this week we looked at Wallbridge Mining’s strong performance. Today, we’ll take a look at a junior exploration company that is sitting on one-year returns of 313%: Great Bear Resources (TSXV:GBR). The company...Read More