The Coronavirus (COVID-19) pandemic is a great concern for you and your families. At this time Glacier Resource Innovation Group wants you to know that the well being of our valued customers, business partners and employees is of the deepest concern to us. With this in mind we have already and will continue to take measures to protect all parties we are in contact with. We value your business and...Read More
Lost amid concerns about the COVID-19 coronavirus outbreak that has dominated headlines for weeks was news that the China National Space Administration (CNSA) has achieved a milestone in lunar exploration, one that could have great potential for prospecting and, eventually, mining on the Moon.CNSA's Lunar Exploration Program, also known as the Chang'e project (after the Chinese Moon goddess of the...Read More
First Cobalt (TSXV: FCC) has announced that the feasibility study on an expansion of its Ontario refinery will be complete in the coming weeks. It is also in discussions with potential automotive off-take partners looking for a North American source of refined cobalt sulphate.The company is also completing a prefeasibility study on a restart of the refinery."We are in the final stages of a feasibi...Read More
There’s at least one way to play the stock market crash. Some people are selling into the rallies, though such events are rare right now. Others are buying shares in their oversold wish-list companies. But there’s another way to navigate the coronavirus sell-off: stock picking. In other words, investors should disregard indexes that track the market. Instead, they should buy what&rsquo...Read More
Moss Gold Mine. Image by Northern Vertex Mining. Northern Vertex Mining (TSX.V: NEE) announced Thursday the receipt by its wholly-owned Arizona subsidiary Golden Vertex of final federal permitting approval for the Phase III expansion at the Moss Mine. This permitting approval allows the company to expand itscurrent operations from its patented claims onto its surrounding unpatentedclaims on fed...Read More
Automine for trucks Credit: Sandvik Sandvik has introduced AutoMine for trucks, which allows autonomous haulage not only underground but now also on the surface. According to the company, this is a first for autonomous haulage in underground mining settings. This is a first for autonomous haulage in underground mining settings Behind the new capability is a smart handover technology that allows...Read More
Matawine property Image from Nouveau Monde. Nouveau Monde Graphite has released updated resources for the West Zone deposit at its Matawine graphite project, 150 km north of Montreal.Updated measured and indicated resources increased by 25%, to 120.3 million tonnes grading 4.26% carbon graphite for a total of 5.1 million tonnes of contained graphite. Additional inferred resources are at 4.5 mill...Read More
Adobe Stock Key moves in the Canadian mining sectorElaine Dorward-King has been appointed to the board of Bond Resources.Drew Anwyll is now COO of Generation Mining; most recently, Anwyll was senior VP of technical services, interim COO, VP of operations and mine general manager for Detour Gold.Paul Berndt has resigned from the board of Happy Creek Minerals.Brad Mercer has resigned from t...Read More
Northern Lights at Agnico Eagle Mines' Meadowbank mine, Nunavut. Image by Agnico. Agnico Eagle (NYSE: AEM, TSX: AEM) announced Thursday it will send home its Nunavut-based workforce from the Meliadine and Meadowbank operations as well as the exploration projects for a period of four weeks to prevent Covid-19 spread. At the present there are no confirmed cases of Covid-19 in Nunavut or at any of...Read More
The company proposed the change in January, "to best reflect the company's focus on developing its Pulacayo silver project in Bolivia", along with a possible share consolidation of one for every 5-10Read More
It's now a $9.5 billion company (US$5.4 billion), with the market crash knocking 38% of its value since the Covid-19 coronavirus panic got going on January 22.Read More
Mitchell generates roughly 90% of revenue from drilling for tier one producers with long life, low-cost mine sites.Read More
Share this articleTORONTO - Agnico Eagle Mines Ltd. says it's sending its local workforce home from its Nunavut mining operations for four weeks to protect them and their communities from the potential spread of the COVID-19 outbreak as the territorial government declares a public health emergency.The Toronto-based gold miner says it will continue to pay those workers and it's meeting with its co...Read More
In two weeks, you should be receiving a check for $1,000.At least that's the word from Washington.In an effort to stave off a 20% increase in unemployment and to ensure that folks can eat and pay some of their bills, the government is coming to our rescue.Or at least that's how they're framing it.But the truth is, that money isn't a gift.It was yours to begin with!Anytime the government says its "...Read More
Nouveau Monde Graphite (TSXV: NOU) has released updated resources for the West Zone deposit at its Matawinie graphite project, 150 km north of Montreal.Updated measured and indicated resources increased by 25%, to 120.3 million tonnes grading 4.26% carbon graphite for a total of 5.1 million tonnes contained graphite. Additional inferred resources are at 4.5 million tonnes at 4.43% carbon graphite...Read More
As its Pumpkin Hollow underground mine ramps up to commercial production, Nevada Copper (TSX: NCU) has entered into non-binding arrangements for a balance sheet strengthening package. The company is working to reach binding agreements in the next two weeks."This proposed financing package is expected to provide significant balance sheet strength and positions our business to weather this period...Read More
Tanzanian Gold (TSX: TNX; NYSE:TRX) has updated the resource estimate for its Buckreef gold project, about 110 km southwest of the city of Mwanza in north-central Tanzania.The Buckreef shear zone now contains 40.99 million tonnes grading 1.73 grams gold per tonne for 2.27 million oz. contained gold, up from a 2018 estimate of 21.99 million tonnes grading 1.54 grams gold per tonne for 1.09 million...Read More
Rio Tinto (NYSE: RIO; LSE: RIO) evacuated all of its employees from its Kennecott copper mine near Salt Lake City, Utah, after a 5.7 magnitude earthquake hit near the town of Magna.All of its employees have been safely accounted for and removed from potential risk areas, the company said.Rio Tinto reported limited damage to the operation or risk to the surrounding community, and has temporarily ha...Read More
Despite the fact mining operations tend to be in more remote locations, Fitch sees increasing scope for reduced personnel flow and supply chain disruptions due to government actions leading to a reduction or halt in mine production."As countries grapple with how to contain or slow the spread of the virus, we expect this could lead to operational disruptions at mining operations. This inherently ra...Read More
"This is one of the lowest prices for a decade and unfortunately this will last as long as the coronavirus issue exists.Read More