In an instant, all the traffic lights in Manhattan turn green at the same time. At the same moment, 3,000 miles away, all the cars in LA with OnStar systems lose braking power.Then a few hours later, down in Washington, D.C., track-switching mechanisms outside Union Station fail, causing two Amtrak trains to collide head-on and derail.In Galveston, an oil tanker runs aground, ripping open its hul...Read More
Magnetic Resources (ASX: MAU) is focused on discovering significant ore bodies, which offer viable commercial offtakes. These discoveries are made primarily utilizing the team's unique set of skills in ground magnetics and soil geochemistry. We learned from George Sakalidis, Managing Director of Magnetic Resources, that they have been actively exploring a gold project called Hawk's Nest Nine, loca...Read More
Tarachi Gold Corp. (CSE: TRG, PINK: TRGGF, Frankfurt: 4RZ) is focused on exploring and developing the Tarachi Gold project that covers 3,708 ha of highly prospective mineral concessions, in the Sierra Madre gold belt of Sonora, Mexico, in close proximity to Alamos Gold's Mulatos mine and Agnico Eagle's La India mine. Tarachi is also in the process of acquiring the Magistral Mill and tailings proje...Read More
Mineral exploration and mining companies that incorporate environmental, social, and governance (ESG) principles as "true value drivers" as part of their corporate culture will outperform and have greater access to more long-term capital and at lower costs, says Sprott Capital's Daniella Dimitrov.The principles of ESG are not new to the mining industry, Dimitrov told the virtual audience at this...Read More
Wheaton Precious Metals enjoyed record 2020 revenues of $1.1 billion (all figures are U.S. dollars) with 627,063 oz. gold-equivalent sold. The figure includes sales of 367,419 oz. gold, 22,9 million oz. silver, and 22,187 oz. palladium.Operating cash flow for the year was over $765 million, also a record. The company reduced its net debt by $275 million, leaving it at $2 million. Shareholders were...Read More
Golden Dawn Minerals (TSXV:GOM; US-OTC:GDMRF) has completed a helicopter-borne VTEM and magnetics survey over the old Phoenix copper mine at its Greenwood precious metals project in southeast B.C. The Golden Crown, Lexington and Tam O'Shanter gold properties were also included.The survey is the first to be flown over Golden Dawn's claims. It was conducted on a 100-metre spacing.Golden Dawn expects...Read More
A report on battery metals produced by Aperio Intelligence on behalf of Eurobattery Minerals forecasts a considerable increase in raw materials demand for Europe's e-mobility sector by 2025, which is unlikely to be met by local producers.According to the document, Europe produced around 750,000 EVs in 2019, a total that is set to rise to more than 4.0 million in 2025. This equates to an increase f...Read More
Plans to build the UK's first new deep coal mine in three decades will be subject of a public inquiry following pressure for climate change advisers who said the project would "increase global emissions".Prime Minister Boris Johnson's government had halted the development of West Cumbria Mining's Woodhouse colliery project in northwest England in October, while it decided whether to call in th...Read More
Gold Royalty Corp. (NYSEA:GROY) and GoldMining Inc. (TSX:GOLD; NYSEA:GLDG) have successfully raised US$90 million through Gold Royalty's initial public offering of 18 million units priced at US$5 per unit. The common shares and warrants began trading on the NYSE American on March 9, 2021.Gold Royalty plans to use the proceeds to implement its growth and acquisition strategy and for general working...Read More
As part of its partnership with Natural Resources Canada, the Centre for Excellence in Mining Innovation (CEMI) is pleased to launch the Canadian Mineral Processing Ecosystem Innovation Portal at www.cmpip.ca.This is a moderated platform that will support the community of innovators and end-users in mineral processing. The portal will help create a cleaner, more productive, and globally competiti...Read More
First Majestic Silver (TSX: FR; NYSE:AG) is buying the Jerritt Canyon gold mine in Elko County, Nevada, from Sprott Mining for US$470 million in shares and five million share purchase warrants.As part of the deal, Sprott Mining President Eric Sprott will complete a US$30 million private placement investment in First Majestic.The Canadian miner said it had identified opportunities to enhance the mi...Read More
A number of investment firms contacted by Mining-Journal.com in the wake of Bentley's announcement that it would pay $900 million cash and about $150 million of equity for Seequent suggested the high price underlined the rising value of quality firms exposed to mining, and the perceived expansion of mining IT spending to address technical challenges and enable better cross-discipline collaboration...Read More
*I shared this article with my Crow's Nest readers this week, but delayed flights, jet lag, and the ravages of Las Vegas left me bereft of the mental energy for a new Outsider Club editorial. Enjoy the free stock pick, my compliments.Dear Reader,I have just returned from a wild trip to the desert in Las Vegas.While I was there, we snapped this picture on an ancient bed of a long-dried-out lake. It...Read More
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