The sale of a 0.5% net smelter return royalty on its Pandora property to Agnico Eagle Mines (TSX: AEM; NYSE: AEM) monetizes a non-core asset and reduces the junior's cost of acquiring its McKenzie Break and Swanson properties by $800,000,Monarch Gold Corp. (TSX: MQR; US-OTC: MRQRF) reports.The Pandora royalty was part of the assets that Monarch acquired from Richmont Mines in October 2017, along...Read More
The sale of a 0.5% net smelter return royalty on its Pandora property to Agnico Eagle Mines (TSX: AEM; NYSE: AEM) monetizes a non-core asset and reduces the junior's cost of acquiring its McKenzie Break and Swanson properties by $800,000,Monarch Gold Corp. (TSX: MQR; US-OTC: MRQRF) reports.The Pandora royalty was part of the assets that Monarch acquired from Richmont Mines in October 2017, along...Read More
Alexco Resource has tabled a prefeasibility study (PFS) for its wholly owned Keno Hills silver project, in Yukon, that assigns the project a $101.3-million after-tax net present value at a 5% discount-rate, and a 74% after-tax internal rate of return (IRR).It assumes a life-of-mine $17.90 per oz. silver price.Alexco expects the underground operation would process 154,000 tonnes per year over an e...Read More
Alexco Resource has tabled a prefeasibility study (PFS) for its wholly owned Keno Hills silver project, in Yukon, that assigns the project a $101.3-million after-tax net present value at a 5% discount-rate, and a 74% after-tax internal rate of return (IRR).It assumes a life-of-mine $17.90 per oz. silver price.Alexco expects the underground operation would process 154,000 tonnes per year over an e...Read More
West Africa is well endowed with mineral resources, and many world-class deposits have been discovered there in recent years. The region is a key source of gold, iron ore, bauxite, diamonds, phosphate, uranium, and its mainly untapped mineral wealth provides exceptional greenfield development potential.But despite increased interest in the whole spectrum of commodities in West Africa, the region i...Read More
West Africa is well endowed with mineral resources, and many world-class deposits have been discovered there in recent years. The region is a key source of gold, iron ore, bauxite, diamonds, phosphate, uranium, and its mainly untapped mineral wealth provides exceptional greenfield development potential.But despite increased interest in the whole spectrum of commodities in West Africa, the region i...Read More
Great Panther Mining (TSX:GPR; NYSE:GPL)(Read full newsRead More
BEIJING - China's Chalco said on Friday it boosted annual aluminium output by 16% in 2018, putting it ahead of Russia's Rusal as the world's second-biggest publicly traded producer of the metal.The increase underscores China's growing dominance of the global aluminium market, as the world's biggest producer and consumer of the metal, although weak aluminium prices have already led to some producti...Read More
MELBOURNE/SYDNEY - Australia's Wesfarmers Ltd remains keen on buyout talks with rare earths miner Lynas Corp Ltd, the retail-to-chemicals conglomerate said on Friday, despite its A$1.4 billion ($992 million) approach being rejected earlier this week.The comments foreshadow an intense takeover battle for the only proven producer of rare earth elements outside China, which has struggled with support...Read More
Ontario's Government for the people is supporting small businesses in Batchewana First Nation by investing in a manufacturing facility for fishing equipment, creating three full-time jobs.Today, Ross Romano, Parliamentary Assistant to the Minister of Energy, Northern Development and Mines, announced Black Fox Fishing is receiving $50,000 to secure a trademark and purchase equipment for a manufactu...Read More
Editor’s note: This story was previously published in January 2019. It has since been updates and republished.The potential to become wealthy often means investing in an enterprise when it is small and waiting for the entity to grow large. For this reason, many investors are willing to take chances on what they believe to be hot penny stocks. Investors in these stocks often lose everything &...Read More
Canada's Maverix Metals (TSX-V: MMX) entered into a life of mine purchase and sale agreement this week for silver produced from the El Mochito mine, owned and operated by Ascendant Resources (TSX: ASND) in Honduras.El Mochito's production guidance for 2019 is between 850,000 and 1,200,000 ounces of contained silver in concentrateIn a press release, Maverix said it will make an advance payment of $...Read More
Canada's Maverix Metals (TSX-V: MMX) entered into a life of mine purchase and sale agreement this week for silver produced from the El Mochito mine, owned and operated by Ascendant Resources (TSX: ASND) in Honduras.El Mochito's production guidance for 2019 is between 850,000 and 1,200,000 ounces of contained silver in concentrateIn a press release, Maverix said it will make an advance payment of $...Read More
American Manganese (TSX.V: AMY) announced this week that it will participate in a U.S. Department of Energy project to advance the economic recovery of lithium-ion battery materials from electric vehicles and other consumer goods.In a press release, the British Columbia-based firm said the project is titled "Lithium-Ion Battery Disassembly, Remanufacturing, and Lithium & Cobalt Recovery Project" a...Read More
American Manganese (TSX.V: AMY) announced this week that it will participate in a U.S. Department of Energy project to advance the economic recovery of lithium-ion battery materials from electric vehicles and other consumer goods.In a press release, the British Columbia-based firm said the project is titled "Lithium-Ion Battery Disassembly, Remanufacturing, and Lithium & Cobalt Recovery Project" a...Read More
"Is Highland Gold Mining Limited (LON:HGM) Struggling With Its 10.0% Return On Capital Employed? https://t.co/9f8rfiX7mX"Read full newsRead More
Shares in Petra Diamonds (LON:PDL) jumped more than 8% on Friday after the miner announced it had dug up a 425.1 carat, D-colour, Type II gem quality diamond at its iconic Cullinan mine in South Africa.The discovery comes less than a month after Petra found a 100.83 carat gem-quality white diamond at the same mine, source of the world's biggest-ever diamond, which was unearthed in 1905.Earlier in...Read More
"Another royalty added today on silver from the @AscendantResEl Mochitomine. Looks like a win/win deal hopefully for both companies.https://t.co/kHm8p1w1Jq"Read full newsRead More
"Another royalty added today on silver from the @AscendantResEl Mochitomine. Looks like a win/win deal hopefully for both companies.https://t.co/kHm8p1w1Jq"Read full newsRead More
Federal mine safety officials have cited an Idaho-based company for inadequate safety controls at a gold mine it operates in northeast Nevada where a worker was killed in an underground collapse in October.Read full newsRead More