irst Quantum Minerals Ltd. is poised to fire up a giant copper project in Panama, thousands of miles from its beleaguered mines in Zambia. For bondholders, that's a welcome distance.The Canadian copper company is ramping up production at the Cobre Panama plant this year, even as a mining tax hike forces it to shed jobs and cut production at its Zambian facilities. With Panama slated to become a mo...Read More
Defiance Silver Corp (TSX-V: DEF) and ValOro Resources (TSX-V: VRO) have created a combined company that keeps the name Defiance Silver Corp., following a friendly merger under the Business Corporations Act of the Canadian province of British Columbia.In a media statement, the Vancouver-based miners describe Defiance Silver Corp as "a leading diversified explorer with an advanced portfolio of Mexi...Read More
Falcon Gold (TSXV: FG) reported that its exploration team in Argentina found high-grade gold mineralization at concessions of its Esperanza Resources S.A. project, also known as ERSA.The project is located in the western La Rioja province and it is comprised of seven mineral concessions covering an aggregate area of 20,461 hectares. The property sits on the Sierra de Las Minas District, which is r...Read More
Canada's Kirkland Lake Gold (TSX. NYSE: KL) announced Tuesday record gold production for both 2018 and the fourth quarter of the year, thanks mainly to higher-than-expected output at its Australian Fosterville mine as well as its Ontario-based Macassa and Taylor operations.The Toronto-based miner produced 723,477 ounces of gold last year, a 21% increase from the 596,405 ounces generated in 2017.T...Read More
Copper output in Chile, the leading producing nation, is expected to exceed 6 million tonnes for the first time this year and continue to rise by about 30% over the next 10 years, according to the country's state copper agency, Cochilco.Production of the red metal, the agency says, could reach a record of 7.25 million tonnes as early as 2025, thanks mainly to new projects and planned expansions to...Read More
The makeshift mine collapsed trapping villagers seeking gold in north-eastern Badakhshan province.Read full newsRead More
Millennial Lithium (TSXV: ML; US-OTC: MLNLF) is nearing an updated resource estimate and feasibility study (FS) at its 86 sq. km Pastos Grandes lithium project in Salta, Argentina.The company is aiming for a 25,000 tonne per year lithium carbonate equivalent operation at Pastos Grandes. It expects to table the FS, which will include the updated resource estimate, by the end of 2019's second quarte...Read More
The precious metals complex has enjoyed a nice run in recent months.GDX has gained 25% since the September lows while GDXJ has gained 22% since its November low. Gold has rallied over $100/oz since its October low and Silver has surged in recent weeks.The Gold community is getting excited again. They think the equity market is doomed and Gold has started a real bull run. That may be true but in th...Read More
It has been a tough year for investors in intermediate gold miner Detour Gold (TSX:DGC). Even after gold's latest rally, it is down by 16% over the last year. The miner's poor performance recently triggered a boardroom spill led by dissident shareholder and famed hedge fund manager John Paulson, who owns a nearly 6% interest in the miner. This saw the removal of CEO Michael Keyon and the replacem...Read More
A US-style government shutdown has reportedly been threatened by some British MPs concerned about leaving the EU without a deal.Meanwhile US and China officials are holding trade talks, while the US dollar is lower amid indications from the Federal Reserve of "flexibility", or the possibility of fewer rate hikes in 2019. The gold price is about US$7 an ounce lower than this time yesterday, around...Read More
The Imperial Metals Mt. Polley copper-gold mine in the Cariboo region of south-central British Columbia. Source: Imperial Metals Corp.Imperial Metals Corp. [III-TSX; IPMLF-OTC] is suspending operations at its Mount Polley copper-gold mine in south-central British Columbia due to declining copper prices.The suspension of the mine includes milling of low-grade stockpiles which are expected to exte...Read More
Share this articleTORONTO - Shares of New Gold Inc. climbed more than 10 per cent in early trading after the company reported improved fourth-quarter performance at its troubled Rainy River mine.The Toronto-based company says gold production at its Rainy River mine in Ontario surged 39 per cent in the fourth quarter to 77,202 ounces while production was fairly steady at its New Afton mine in...Read More
I think it was the great investor Warren Buffett who said, "Find the lie in the market and exploit it."In today's market, that lie is about coal.Coal companies are being forced into bankruptcy due to politics. Ironically, that is great news for investors.Here is what the liberal rag ThinkProgress has to say:The last time U.S. coal consumption was this low, Jimmy Carter was president.Despite campai...Read More
January 8, 2019 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce drill results from the Benner Harris cobalt-silver target and concludes drilling of the kimberlite target at its wholly owned Langis project located in the Cobalt Camp, Ontario, Canada.Highlights Drill hole LM-18-49 intersected 0.44% cobalt, 41.03 g/t silver, over 3.00m from 44.00m depth,...Read More
Up to 1,500 elementary school teachers across Colorado could receive training this year to teach basic computer science concepts in their classrooms, thanks to a new partnership between Colorado School of Mines and the Colorado Department of Education.The state will provide funding to the Mines Computer Science Department for free, one-day workshops for K-5 teachers across the state. School distri...Read More
Colorado School of Mines welcomed back students today for the start of the Spring 2019 semester. Mark you calendar for these and other exciting upcoming events: Feb. 7: #IDigMines Giving DayFeb. 12: Spring Career Day April 11-14: Engineering DaysMay 9-10: Spring CommencementFor more information on upcoming events and activities, go to calendar.mines.edu. CONTACTEmilie Rusch, Public Inf...Read More
While wider mining markets may have been subdued in 2018, mineral exploration in British Columbia, Yukon and the Northwest Territories continued to be a hotbed of activity, with junior and mid-tier companies advancing projects across the region. Here is a look at eight such companies.ASCOT RESOURCESVancouver-based junior Ascot Resources (TSXV: AOT; US-OTC: AOTVF) is exploring for gold and silver i...Read More
Juggernaut Exploration (TSXV: JUGR; US-OTC: JUGRF) has discovered a new gold zone on its Midas gold property in northwestern B.C. after drilling 6.85 grams gold per tonne over 9 metres from 35 metres downhole.The company was following up on results from an induced polarization (IP) survey that identified an anomaly about 125 metres below surface. It believes that anomaly represents a deeper feeder...Read More
It was finding gold at Rabbit Creek and along the riverbeds of the Klondike that forever changed one of the world's final frontiers - the Yukon Territory - and cemented the region's roots as an inspiring Canadian mining district.Yukon's rich mining history continues to provide exciting discoveries, varied commodities and significant opportunities for northerners and investors alike.As we kick off...Read More
As Minister of Industry Tourism and Investment for the Government of the Northwest Territories, one of my jobs is to champion resource development for our unique place in Canada's North.At events, conferences and meetings, I tell people about our rich mineral resources; I talk about what we're doing as a government to support exploration; I highlight what northern resource and infrastructure devel...Read More