Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) reported high-grade assays from its Boumadine polymetallic project in Morocco while extending mineralization. The stock surged.Highlight hole BOU-DD25-509 in the Imariren strike zone cut 9.3 metres grading 2.18 grams gold per tonne, 62 grams silver, 1.5% zinc and 0.7% lead from 282.1 metres depth, Aya reported Thursday. In the same zone, hole BOU-DD25-50...Read More
Marimaca Copper (TSX: MARI; ASX: MC2) has surged by double digits after announcing on Wednesday a $24.4-million (US$17.7-million) private placement to fund its feasibility-stage namesake project in Chile.The offering comprises approximately 5.31 million common shares priced at $4.60 per share, issued exclusively to institutional investors. Two of Marimaca's cornerstone shareholders, Assore Interna...Read More
Northern Star Resources (ASX: NST) is transforming an iconic but previously unloved Kalgoorlie asset into Australia's largest gold operation.Kalgoorlie Consolidated Gold Mines (KCGM) also known as the Super Pit produced 437,000 oz. of gold in the 12 months to June 30 (its 2024 fiscal year), well below its 2011 peak of 730,000 ounces.But Northern Star has plans to raise output to 900,000 oz. pe...Read More
Bellevue Gold's (ASX: BGL) namesake mine in Western Australia's Goldfields region has been in production for less than a year, but the company is already eyeing an expansion.The A$1.8-billion market cap company poured first gold at its Bellevue mine last October, with commercial production following this May."The building and the ramp-up of the mine has been no small feat - this isn't just some sm...Read More
EASTERN YUKON In a remote corner of Yukon, Snowline Gold (TSXV: SGD; US-OTC: SNWGF) has moved from the first drill holes at its Valley target to an initial resource in less than three years."Snowline is still a fairly new company this is our fourth summer of operation," Snowline CEO Scott Berdahl said in a kitchen tent at the main Forks camp, in late June. "In 2021, we got a single drill toget...Read More
"Stable but underwhelming growth" is what the International Monetary Fund has projected in its World Economic Outlook, released in late October.With wars in Ukraine and on two Israeli borders plus a nail-biting U.S. election only days away, things could be worse.While the IMF's latest forecast doesn't call for gangbuster global growth, it does note that central banks are largely succeeding in orch...Read More
It's important to understand that the boom phase of a commodity cycle doesn't kick off overnight.While there have been some green shoots record gold prices, and copper (briefly) spiking into new all-time highs in 2024, we're still not in what I'd consider 'boom conditions.' That applies especially to junior mining stocks, many of which still trade close to all-time lows.So, how does China's rece...Read More
The conversation around environmental, social, and governance ESG considerations in mining has grown increasingly sophisticated over the last decade, giving rise to an evolving set of requirements that companies must meet in order to secure funding. In the past, projects were primarily evaluated on their financial viability and resource potential. Now, many investors require a comprehensive ESG st...Read More
Silicon Valley CEOs can get obsessed with some pretty weird things colonizing Mars, ultra-ascetic diets, wearing the same outfit every single day, or living forever. But there's nothing head-scratching about the latest preoccupation shared by some of the biggest tech companies, including Amazon and Microsoft: nuclear power. Both companies have inked deals this year to lock down supplies of the c...Read More
Nicola Mining (TSXV: NIM; US-OTC: HUSIF) president and CEO Peter Espig says its focus on cash flow and copper exploration will create value.The New Craigmont copper project in southern British Columbia, once North America's highest-grade copper mine, is key to Nicola's strategy. It has infrastructure and a history of over 900 million lb. of copper production."Cash flow from our Merritt mill funds...Read More
Ontario's Minister of Mines, George Pirie, says the province has updated its mining rules to speed up permits and attract investment in critical minerals.The provincial government passed the Building More Mines Act in record time. The regulations were finalized by April last year."Our focus is on matching Northern Ontario's mineral wealth with Southern Ontario's manufacturing power," he said at Th...Read More
Southern Silver Exploration (TSXV: SSV) aims to add up to 8 million tonnes in shallow and deep resources to the Cerro Las Minitas project in Durango, Mexico, VP of exploration Robert MacDonald says.The goal is to boost the US$388 million capex project's resources to over 45 million tonnes. This will be done through a staged 25,000-metre drilling program. MacDonald said this will enhance its long-t...Read More
Industry stakeholders should view resource development in a global context because shifting geopolitical dynamics will increasingly determine mining, The Northern Miner Group President Anthony Vaccaro says. "We need to look at our industry through the lens of what's going on in the world through geopolitics," Vaccaro told the CentralMinEX conference last week in Newfoundland."Then we're going to b...Read More
The mining sector helped raise $10.85 million Saturday to launch a five-year pan-Canadian glioblastoma research program, lifting the Daffodil Ball's 29-year total to $38.85 million.Adam Lundin spoke in honour of his father, Lukas Lundin, founder of the Lundin Group, who died in July 2022 at age 64 from glioblastoma, an aggressive brain cancer."When Dad was sick, it was tragic but we turned that tr...Read More
When Barrick Gold took over Randgold in 2019, its marketing dropped Gold from the name to reflect wider interests like copper and appeal to new investors. But it didn't bother to change its registered moniker. Gradually, the Gold crept back in.Now, the Gold has been guillotined, like a statement Barrick Mining (TSX: ABX; NYSE: B) means business this time."Most of the gold companies sort of have gr...Read More
Silver's unique industrial role in solar panels, electric vehicles (EVs) and grid infrastructure is pushing demand to record highs, but miners and analysts are at odds over how to address the growing supply deficit. Demand is forecast to hit around 1.15 billion oz. this year, a moderate decrease from the previous year, according to data from the Washington, D.C.-based Silver Institute, an indust...Read More
Colorado-based start-up Alta Resource Technologies has garnered more funding, including from the U.S. Central Intelligence Agency, to advance its protein process for separating critical minerals from ore. A $4.4 million investment was co-led by Silicon Valley's Data Collective Venture Capital and Voyager Ventures with participation from Orion Industrial Ventures of New York and In-Q-Tel (IQT) - a...Read More
Marimaca Copper (TSX: MARI) has made another discovery at its namesake project close to the coastal city of Antofagasta, in central Chile. It found the northern extension of the Pampa Medina deposit, 26 km from its advanced Marimaca Oxide Deposit (MOD).The company aims to complete a definitive feasibility study (DFS) for its flagship project soon. Marimaca also reported results from the first scou...Read More
Zimbabwe is joining the club of African states looking for a higher ownership stake in mines and mining projects. It plans to take a 26% free carry interest in new mining projects and negotiate a similar stake with existing operators, Bloomberg reported Dec. 12."Details on how the government would finance these acquisitions or the minimum value of mining assets were not mentioned, with the full po...Read More
For details on how your data is used and stored, see our Privacy Notice. Demand for mined commodities exceeded pre-pandemic levels in 2021. Despite macro-economic headwinds over the next few years, growth seems assured and could be supercharged by a faster decarbonisation pathway. Supply constraints and disruptions continue and are likely to be exacerbated by economic sanctions on Russia...Read More