The new drill results extend the known PGM zones and Nickel zones by more than 1.5 km along strike. Image from Canada Nickel Company. Canada Nickel has released full assays for hole CR20-33 as well as nickel assays for hole CR20-32, which step out the East zone nickel-PGM mineralization by 400 metres to the east at the Ontario project and extend the Main zone nickel mineralization by 1.5 km to t...Read More
Itabira, MInas Gerais, Vale's first mine. (Credit: Wikimedia Commons) Vale (NYSE: VALE) said in a securities filing on Friday that its Itabira iron ore mine was ordered shut under an order from Brazilian labor authorities, but also that it was able to immediately reverse that order after obtaining a favorable court injunction.The labor authorities reported that 200 local employees have tested po...Read More
The Back River gold project in Nunavut. Image from Sabina Gold & Silver Corp. Sabina Gold & Silver (TSX: SBB) confirmed on Friday that plans are now in place for a phased reopening of its Back River project in Nunavut, Canada.A spring drilling program planned on the property was halted in March as a precautionary measure due to the coronavirus outbreak.With its previously announced C$49 million f...Read More
The Stockholm-headquartered company said Friday morning the fire had been put out and no one had been injured. Production at the plant would remain suspended "until further notice".Read More
To pay for their governments' skyrocketing COVID-19 bills, central banks around the world are expanding their money supplies at a historic rate, triggering fears of high inflation and prompting big expectations for gold prices.In America, the Federal Reserve has added nearly $2.25 trillion to the U.S. money supply (as measured by M2) over the past 10 weeks alone.The Fed has done more in response t...Read More
Canada Nickel (TSXV: CNC) has released full assays for hole CR20-33 as well as nickel assays for hole CR20-32, which step out the East zone nickel-PGM mineralization by 400 metres to the east and extend the Main zone nickel mineralization by 1.5 km to the north.Drill highlights include 38 metres of 0.37% nickel and 0.17 gram per tonne PGMs within a 315-metre interval of 0.25% nickel starting at 12...Read More
Bank of America forecasts global copper consumption could contract by 18% year-over-year in 2020 should global GDP drop by an estimated 4.2% due to economic disruptions caused by the coronavirus pandemic.Although a decline in copper purchases of this magnitude "would be devastating for the red metal and also the wider mined commodities complex," the bank said in a research note today, it also note...Read More
Northern Dynasty Minerals (TSX: NDM) appears to be back on track towards obtaining final permits for its proposed massive copper-gold mine in Alaska after the US Environmental Protection Agency (EPA) declined to subject the project to water pollution restrictions evaluations, which have effectively stalled the project since they were outlined in 2014.The move reduces the likelihood of a potential...Read More
Chile's Codelco, the world's largest copper producer, saw profit nosedive in the first three months of the year as prices for the metal dropped to an average of US$2.49 per lb. in the same period compared to US$2.72 a year earlier.The state-owned miner reported an 85% decline in profit to US$54 million in the first quarter of 2020, even though production climbed 6% to 361,000 tonnes.Lower costs -...Read More
BMO Capital Markets has hiked its long-run gold and silver price forecasts to US$1,400 per oz. and US$18.25 per oz., increases of 16.7% and 5.8%, respectively.The bank's long term price forecasts have been "static" since 2015, the analysts stated, noting that "changing a long-term price is not something we take lightly, or indeed do very often."In the nearer term, BMO's analysts forecast gold pric...Read More
After beginning the year by formally appointing Peter Kukielski as its CEO, and this month settling a long-drawn-out boardroom battle with its second-largest investor, Canadian copper producer Hudbay Minerals (TSX, NYSE: HBM) is setting its sights on gold.Despite strong performance at its Canadian operations, Hudbay swung to a loss in the first three months of the year, mainly due to weak base met...Read More
Week 20 (23/05/2020-28/05/2020) Company news Americas Golden Star Resources puts close to 60 workers at the mine in Ghana under quarantine but expects only limited impact on production and underground development.Sierra Metals says it's seeking approval to restart mining activities at Yauricocha as the country's state of emergency and nationwide lockdown have been extended again, to...Read More
On May 16, the USS Portland sailed out to sea, where it was attacked by an airborne drone.With one swift action, the crewmen took aim with America's newest, and most powerful, laser weapon, destroying the target mid-flight.Furthermore, the Navy was so proud of its new laser weapon (and perhaps eager to demonstrate this capability to adversaries like China) that it released footage of the test on Y...Read More
Breaking New Ground - Eldorado Gold corporate values video.Read More
Explore the raw materials of our life, how metals and minerals are used in every aspect of our lives.Read More
Matthew Pickard VP Environment & Sustainability Discusses Sabina Gold & Silver's ESG (Environment, Sustainability, ...Read More
Doug Kirkpatrick explains how leaders can help create individualized opportunities for employees in order to find the gold hidden in your workplace.Read full newsRead More
Since acquiring North Mara, Barrick (GOLD) is focused on improving the mine's water management with special importance on its tailings storage facility.Read full newsRead More
By: Ira EpsteinFirst week of June a big week in US, many places re-opening. Lay-offs a big threat still and as the largest employers, and oh boy, there are going to be problems.Gold is acting very good..Read More
On Wednesday, we released our INK May Top 20 Gold & Precious Metals Report. This month we ran into a nice problem, at least if you are a precious metals mining investor. We had so many mining stocks with Sunny INK edge outlooks, they could not all make it into the Top 20.We are running into this situation of a surplus of names more frequently. We seem to be entering a new golden period for miners...Read More