Advantage Lithium Corp said on Thursday it has temporarily replaced Chief Executive David Sidoo after he was arrested last week by U.S. authorities as part of a sweeping college admissions scheme.The company, which is developing a lithium project in Argentina, has named board member Callum Grant as its interim president. "All plans are the same to put Advantage into production at some point," spok...Read More
Canada's Goldcorp (TSX:G) (NYSE: GG) said workers at its Cerro Negro mine in Argentina have returned to work, after an illegal strike at the gold producing operation, the company's biggest in the South American country.Mining stopped on March 8, when members of the Asociaci??n Obrera Minera Argentina (AOMA) downed tools, and processing activities also ceased following the exhaustion of surface sto...Read More
Para Resources (TSXV: PBR) announced this week that it successfully tested the full CIP circuit at its Gold Road mine in Oatman, Arizona, including a test pour of gold.In a press release, the Vancouver-based miner said that a 40-ounce dor?(C) bar was poured on March 11, 2019, from the initial carbon strips after the entire plant was balanced.Para also reported that the full circuit of mining, crus...Read More
American Battery Metals (CSE: ABC) announced that later this month it will start an exploration program at its Temple Mountain vanadium property in Emery County, Utah.With $1.5 million in funding, the campaign will be comprised of radon geophysical surveying, trenching and sampling, and reverse circulation drilling of 10 holes for 3,000 feet.According to American Battery Metals, the geophysical su...Read More
Africa-focused Gem Diamonds (LON:GEMD) has sold a 13.33 carat pink diamond recovered at its flagship Let??eng mine in Lesotho last month for $8.8 million.The high-quality pink colour type I diamond sold at a tender in Antwerp, Belgium, achieving a record price per carat of almost $657,000.Let??eng mine is well-known for yielding some extraordinary diamonds, such as the 910-carat "Lesotho Legen...Read More
Pakistan's military is taking a key role in the development of one of the w...Read full newsRead More
Pan African Minerals, a unit of Timis Mining Corp., won't resume production at its Tambao mine in Burkina Faso as a Paris-based arbitration court has dismissed the company's $2.2 billion claim against the West African nation.Tambao, one of the world's largest manganese mines, was forced to halt activities in 2015 following a change in leadership in Burkina Faso. The company then asked the Inter...Read More
Barrick Gold is dropping its takeover bid for Newmont Mining as the two companies agree to form a joint venture to combine their Nevada mining operationsRead full newsRead More
The venture, which replaces a hostile takeover bid by Barrick, could produce synergies of $4.7 billion without the integration issues of a merger. It may have been what both companies were looking for all along.Read full newsRead More
Canadian Prime Minister Justin Trudeau made a visit to the annual convention of the Prospectors & Developers Association of Canada (PDAC) in Toronto on March 5, 2019, for a sit-in interview conducted by outgoing PDAC president Glenn Mullan.Below is a full transcript of the 20-minute interview, edited for clarity. Topics that Trudeau and Mullan discussed included technological innovation, sustainab...Read More
A lack of exploration and discovery near Hemlo has created an opportunity for one Canadian company with a deep connection to the region to make the next discovery and the regional connection between two possible gold systems. by Nicholas LePanThe winters in Northern Ontario pause most exploration programs, however for one company, the deep chill provides an opportunity to follow up on an i...Read More
With silver now trading at US$15 an ounce, which is around where it was in late 2009, there are growing questions about the viability of the operations of many primary silver miners. This is because while silver remains stagnant, costs continue to rise, impacting the profitability of primary silver miners and the return on capital that they can generate.That has triggered significant speculation t...Read More
Under the plan to double capacity to 400,000 tonnes per annum, the mine that produced a record 47,237 gold-equivalent ounces in 2018 would increase to an average 120,000oz Au-eq annually over 13Read More
Goldcorp's Cerro Negro Mine in southern Argentine. Miners inside the Eureka vein Photo courtesy Goldcorp Inc.Goldcorp Inc. [G-TSX, NYSE-GG] said Thursday that operations have resumed at its Cerro Negro mine in Argentina following a work stoppage which began on March 8, 2019.The company previously said it had ceased mining at Cerro Negro because of an illegal work stoppage by the AOMA mining union....Read More
David SidooEast West Petroleum Corp. [EW-TSXV] reported Thursday March 14 that David Sidoo is no longer the company's President and Chief Executive Officer. The move follows the announcement that East West has cancelled its annual shareholders meeting, which was scheduled for March 15, 2019 in Vancouver.An announcement regarding a new date will be forthcoming, the company said in a March 12, 2019...Read More
The hottest cannabis market on the planet right now is the U.S.With so many states on the cusp of legalization, savvy investors are getting in the game now - before the federal government lifts the prohibition on cannabis. Which, by the way, is about two years away.It's also worth noting that Puerto Rico is looking more and more lucrative, too.Although not a state, this U.S. territory is becoming...Read More
Colorado School of Mines has named John Bradford its next vice provost of global initiatives and dean of earth resources and environment programs.Bradford, professor and head of the Geophysics Department, will assume the new role July 1. As one of three vice provost and deans in the Office of Academic Affairs, Bradford will be responsible for strategic initiatives related to international program...Read More
Morgan Bazilian, director of the Payne Institute for Public Policy at Colorado School of Mines, was recently featured in the Houston Chronicle discussing transparency in the mineral markets.From the article:Renewable energy generators and electric vehicle makers are spurring demand for minerals like lithium, cobalt and nickel for battery storage. But there are no transparent mineral trading sites...Read More
Leagold Mining (TSX: LMC; US-OTC: LMCNF) produced 302,550 oz. gold in 2018 from its four operating mines at US$974 all-in sustaining costs (AISC) for a US$83.2 million AISC margin.The company brought in US$376.5 million in revenue for a net income of US$15.2 million, up from a US$7.5 million net loss the year before.The company achieved adjusted earnings before interest, taxes, depreciation and am...Read More
A group from the San Gerardo community called "United for Development" submitted a legal challenge citing a violation of their rights as a result of the recent actions of the Ecuadorian National Electoral Council (CNE) to endorse the anti-mining referendum. As a result of the suspension, the Constitutional Court will have final legal jurisdiction to determine its constitutionality."We are very ple...Read More