Tony Barresi has resigned as a director and the President of theRead full newsRead More
Getchell Gold Corp. a leading Nevada focused Gold and Copper explRead full newsRead More
Today in the INK Market Report, we highlighted the bull market in Canadian junior mining stocks. While the North American economy may be challenged to put in a V-shaped recovery, Canada's Venture market appears to be succeeding with that letter of the alphabet. The S&P/TSX Venture Index jumped 5.6% last week and the Index is now up year-to-date. Money is clearly moving into the sector, pushing up...Read More
The Northern Miner presents the top-10, Canadian-headquartered royalty and streaming companies by market capitalization, as of late-June 2020.1. Franco-NevadaMarket capitalization: US$26.40 billionFranco-Nevada CEO David Harquail speaks at the 2019 Canadian Mining Symposium, in London, United Kingdom. Photo by Martina Lang for The Northern Miner.Franco-Nevada (TSX: FNV; NYSE: FNV) continues to hol...Read More
The S&P 500 closed 2.42% lower on Friday in the US, where the number of coronavirus cases is now more than 2.5 million according to the latest figures from Johns Hopkins University.The gold price was up around US$1,772 an ounce on the spot market at the time of writing."Gold is caught in a mostly delicate, but erstwhile crazy, dance as the safe haven crowd butts heads with Wall Street bulls in...Read More
When investors as a whole start to discount the profound risk brought forth by the socio-economic disaster that is the COVID-19 pandemic, that is when you should be thinking about taking a bit of profit off the table before Mr. Market has a chance to catch everybody by surprise with a second market crash.As we witnessed in the latter part of February, discounting highly uncertain and ominous exoge...Read More
Work at the C??te project done in 2011. (Image provided by former owner Trelawney Mining and Exploration.) Iamgold's 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 k...Read More
Outotec HIGmill. Credit: Outotec Safety is one of the biggest challenges in the mining industry, especially during construction and equipment installation. At the same time there is pressure to speed up return on investment and minimize plant footprints. The Outotec HIGmill Plant (HMP) is a stand-alone, modular solution for fine grinding that addresses these conflicting requirements.The HMP consi...Read More
Figure: Midnight during the summer solstice, view from camp on Alces Lake, northern Saskatchewan. Image from Appia. Appia Energy (CSE: API) announced Monday that Phase I exploration activities have begun on the company's high-grade rare earth element Alces Lake property in northern Saskatchewan.Appia's 100% owned deposit, according to the company, hosts some of the highest rare earth elements (R...Read More
The Yukon territory, Canada. Image from White Gold. White Gold (TSXV: WGO) announced on Monday that it has started drilling on its Titan Project as well as initiated ground surveys on other high priority targets in Canada's Yukon territory.The 2020 exploration program is backed by partners Agnico Eagle and Kinross Gold and it has been designed to further test existing targets and recent new disco...Read More
Prikro project in the Prikro and Koun-Fao Departments in eastern Ivory Coast (Credit: Altus) Altus Strategies (TSXV: ALTS) has signed a nonbinding agreement with Stellar Africa Gold (TSXV: SPX) for the sale of its Prikro and Zenoula gold projects in C??te d'Ivoire.Altus will receive an initial payment of 2.5-million Stellar shares, with a market value of about C$87,500, and 2.5-million share purc...Read More
The company said 30 million units would be offered on a bought-deal basis, while "a large shareholder" had indicated an intention to acquire 41 million units on the same terms.It said the net proceeds would be used to fund the remaining capex at its San Albino gold project in Nicaragua, for exploration, working capital and general corporate purposes.Funds raised under the bought-deal offering woul...Read More
Clarke, who managed the large technical team that took the Woodsmith Mine into construction following several years of studies, will take up the new role on July 1.Read More
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