Mineral tailings mud after dam rupture in Brumadinho, Minas Gerais, Brazil. (Adobe Stock) A Minas Gerais state court in Brazil has revoked a decree from Brumadinho municipality that suspended Vale's operating license after health agents said that the company's onsite activities have "not respected the rules of social isolation."Brumadinho's mayor Avimar de Melo Barcelos had also ordered the suspe...Read More
Cactus Breccia Pipes (Image from Alderan) Rio Tinto's (NYSE: RIO ASX: RIO) subsidiary Kennecott has kicked off an initial four-hole 2,000m drill program at Alderan Resources' Frisco copper/gold/silver project in Utah. Kennecott will spend an initial $6 million on exploration at the project area to gain a 55% interest in the project, it said. Rio Tinto's subsidiary will earn 70% of the project by...Read More
Crow Butte operation in northeast Nebraska. Image courtesy of Cameco. US domestic production of uranium concentrate plunged 89% to 174,000 pounds of U3O8 (triuranium octoxide) last year, according to the latest annual report published by the US Energy Information Administration (EIA). This also represents a steep decline compared to the 4.89 million pounds the US produced five years earlier.The p...Read More
Image from archives. A coalition of non-profit organizations is pushing for an international moratorium on deep-sea mining following a fresh report that warns of potential irreversible damage to Pacific island states including Kiribati, the Cook Islands, Nauru, Tonga, Papua New Guinea and Tuvalu."Accumulated scientific evidence indicates that the impacts of nodule mining in the Pacific Ocean woul...Read More
The latter includes expansion of its services division. The placement, priced at $2.Read More
In the weeks after the Brumadinho tailings dam collapse in January, 2019, the ore price rocketed up to a peak of $124/t as safety inspectors ordered mine closures, from which the Brazilian industryRead More
Sometimes you just can't wrap your head around how things have gotten to the point that they have.Don't worry, I'm not talking about COVID-19. With the media blasting that crisis to you from every angle, it's far too easy to lose sight of other things right now.So today, we're delving into something that may have even more dire consequences for the U.S. if certain catalysts fall.For the last few w...Read More
Mine financier Eric Sprott is increasing his stake in Dolly Varden Silver (TSXV: DV; US-OTC: DOLLF) to 19.9% - buying 7 million common shares of the company in a private placement at a price of 33 ? per share for gross proceeds of $2.3 million."Eric is currently our largest shareholder with around 12.8% holdings in the company," Shawn Khunkhun, Dolly Varden's CEO, said in an interview. "Through th...Read More
Kore Mining (TSXV: KORE; US-OTC: KOREF) has released assay results from the top of hole 20-368 completed at its wholly owned 130-sq.-km FG gold property, 100 km east of Williams Lake. This drill hole returned 76.5 metres of 1.1 grams gold per tonne, which starts at 6 metres and includes seven quartz vein intervals. Assays for the bottom 40 metres, with three additional quartz vein intersections, a...Read More
Following up on a positive 2019 exploration program, Rio Tinto (NYSE: RIO; LSE: RIO) is planning 2,000 metres of drilling, plus mapping, prospecting and geophysical surveys this year at the Janice Lake copper-silver project in northern Saskatchewan.The major is earning up to an 80% interest in the project from Forum Energy Metals (TSXV: FMC), which has optioned the property from Transition Metals...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) and Japan Gold (TSXV: JG) have begun their joint exploration program in the Asian country under an alliance formed in February, which seeks to uncover the nation's gold mining potential.The partnership, known as Barrick Alliance, will see the Canadian gold giant fund a two-year evaluation phase of 28 of Japan Gold's 30 projects in the country.Barrick will also f...Read More
McEwen Mining (TSX: MUX; NYSE: MUX) posted a net loss of US$99.2 million, or US25 ? per share, for the quarter ended March 31, primarily due to a US$83.8 million impairment charge for its Gold Bar mine in Nevada.The company says the write-down was necessary because a change in the geological interpretation resulted in a substantial reduction in the expected gold production over the life of the min...Read More
Australia's state of Queensland has passed a law that will see mining executives spend up to 20 years in jail, and companies hit with fines of up to A$13 million (US$8.6 million), if they are found to be criminally negligent over deaths at their operations.The legislation extended industrial manslaughter laws to the resources sector, as part of a package of safety and other reforms for an industry...Read More
Publisher's Note: Gold stocks are off to the races this year in the face of the money printing response to the coronavirus. Gold prices are at seven-year highs. Pick a stock that has done well in this pandemic like Amazon (NASDAQ: AMZN), which has broken out to new highs as everyone has had to order things from home. Amazon is at all-time highs, up 30% in the past year while many other stocks got...Read More
With three very impressive advanced stage silver projects coming online over the next three-four years (Juancipio: 2020, Las Chispas: 2022, and Corani: 2023/2024), what comes after? This leaves very few silver projects to be excited about. There are a very large number of higher-grade deposits that are relatively small (i.e. those owned by Alexco Resource and Aurcana) and a larger number of low-...Read More
By: Ira Epstein Vaccine hopes yesterday helps markets. Gold was initially up on the Fed Chair's comments but then after the vaccine news, it took gold and silver from its highs. But the current set-up...Read More
"**News Release***Sirona Biochem to hold May 22 AGM in Vancouver --Read the News Release here: https://t.co/7EyKzJupqP$SBM #Biotech #tsxv #SmallCaps #Diabetes #MomentumStocks #Skinlightener"Read full newsRead More
"Junior Mining Weekly: Wrap-up For the Week Ending May15, 2020:Rob Goodman and analyst, Allan Barry Laboucan of Allan Barry Reports, discuss the current day mining sector and latest in junior mining news.San Marco Resources starts at 5:29Watch Video here:https://t.co/9NcOC1bkX6"Read full newsRead More
On Monday Real Vision's Raoul Pal interviewed Galaxy Digital (GLXY) CEO Michael Novogratz. Novogratz is a former Goldman Sachs partner and hedge fund manager. The interview covers a broad range of topics ranging from the current state of markets to Novogratz's philanthropic work in the area of prison reform. The meat of the interview starts around the 30-minute mark when the discussion turns to d...Read More
"Loop Insights (#TSXV: $MTRX) & Sun Global Broadband Sign Partnership to Deliver #Contactless Solutions for Tokyo Summer Games [https://t.co/TB3cCis1G8]#investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business #data #analytics #bigdata #tech #technology"Read full newsRead More