Kibali is one of the largest gold mines in Africa. Credit: Barrick Gold Corp. Barrick's 45% owned Kibali mine, located in the Democratic Republic of the Congo, exceeded its 2019 production guidance of 750,000 ounces by a substantial margin, delivering 814,027 ounces of gold in a record year.In a media briefing this week in Kinshasa, President and CEO Mark Bristow said that Kibali's performance de...Read More
Credit: Troilus Gold The most recent exploration release from Troilus Gold includes continuous mineralized intervals from the Southwest zone, at its flagship project in the Val-d'Or district of Quebec, 3.5 km south of the past-producing Z87 pit, where drilling tested an area of 500 metres by 250 metres.Drill highlights from the seven holes released include:24 metres of 2.26 g/t gold-equivalent;31...Read More
Eastside gold property. Credit: Allegiant Gold. Allegiant Gold has released an updated resource estimate for the Original zone at its flagship 67-sq.-km Eastside project. The update features 57.1 million inferred tonnes grading 0.6 g/t gold-equivalent for a total of 1.1 million oz. and is based on an additional 22 holes drilled at the Original zone.This updated resource represents a 52% increase...Read More
Pickle Crow. Credit: First Mining Gold Perth, Australia-based junior Auteco Minerals has signed a deal with First Mining Gold to earn up to an 80% interest in the Pickle Crow gold project in northwestern Ontario.Under the agreement, Auteco will spend C$10 million over five years on exploration, and issue cash payments totalling C$4.1 million as well as 125 million Auteco shares to First Mining.Pi...Read More
Broda points to the fact China consumed about 35% of the world's iron ore and 20% of its copper in 2003, but in 2019 those percentages had swelled to about 70% and 50% respectively."In our view, even a less virulent disease could create more impact than comparisons to 2003 and this appears to be what the copper and iron ore markets are telling us, down 7% and 10% respectively over the past 5 days,...Read More
Share this articleTORONTO - Investors have endorsed the all-stock sale of Detour Gold Corp. to Canadian rival Kirkland Lake Gold Ltd. in a deal worth $4.34 billion based on the buyer's closing stock price on Monday.In separate votes held Tuesday, Detour shareholders voted 86 per cent in favour of the proposal, while nearly 99 per cent of the shares voted by of Kirkland Lake shareholders also ba...Read More
During the golden age of Islam, there was a doctor, chemist, and thinker named Ab?<< Bakr Muhammad ibn Zakariyy?? al-R??z?<<, or Rhazes for short.Rhazes is known for many things, including the identification of smallpox and measles, scientific studies on bloodletting, and the discovery of chemicals, such as alcohol among others.At one point, Rhazes was asked to choose a site for a new hospital in...Read More
While the price of uranium suffered a steep decline after the 2011 Fukushima Daiichi nuclear accident, growing pressures to decarbonize power generation provide support for the commodity, which is currently priced at cyclical lows. Below, we provide an overview of eight companies active in uranium exploration and development. Appia EnergyAppia Energy (CNSX: API; US-OTC: APAAF) is involved with ra...Read More
In December, Time named Swedish climate activist Greta Thunberg its person of the year - the youngest person ever awarded the accolade in the magazine's nearly 100-year history. The 17-year-old from Stockholm embodies "the power of youth" Time said, and has inspired millions to stand up and demand action against climate change.Shortly after Time put her on the cover, U.S. President Donald Trump tw...Read More
Danakali (LON: DNK) has kicked off the first development phase of of its world-class Colluli potash project in Eritrea by selecting the team in charge of the Engineering, Procurement and Construction Management (EPCM) process.The Perth-based miner said it expects to begin Phase 2 in mid-February, which will be followed by geotechnical investigation work that is set to begin in March.Danakali is wo...Read More
This episode features the induction of Alex G. Balogh to the Canadian Mining Hall of Fame. The ceremony took place at the Metro Convention Centre in Toronto on Jan. 9. During a career spanning 50 years, Balogh earned his place in a select group of industry leaders who shaped and built Noranda and Falconbridge into the most successful mining and metallurgical giants in Canadian history. He has the...Read More
The whole point of Tesla's Model 3 was to bring electric cars to the masses.The Model 3 has been a success so far, but not in that regard. While it is significantly cheaper than the Model S and Model X, it still comes at a steep premium to normal sedans - About $5,000 by most estimates.Unfortunately for Tesla, it appears that the goal is going to remain elusive for many years to come.For years now...Read More
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