News and Reports

Panama to shut Cobre Panama

December 16, 2022 / www.mining-journal.com

Cypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corpCanada's NexGen eyes large-scale uranium productionSPONSOREDnexgen energyUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDPresident Laurentino Cortizo called an Extraordinary State Cabinet meeting after talks with First Quantum ended without an agreement being reached.Read More

CMS 2022: Hecla steps up to meet 'extraordinary demand growth path,' says CEO Phil Baker

December 16, 2022 / www.northernminer.com

North America's oldest silver miner, Hecla Mining (NYSE: HL), is set to consolidate its position as the continent's primary silver leader. It is working to increase U.S. output by 20% and to become the most prominent Canadian silver producer by year-end.The 130-year-old company's CEO, Phil Baker, told the recent Canadian Mining Symposium in London that the 1.2 billion oz. silver market is growing...Read More

Robex to restart Nampala gold mine in Mali after artisanal miner dies

December 16, 2022 / www.northernminer.com

Robex Resources (TSXV: RBX) was set to restart operations at its Nampala gold mine in Mali after a trespasser was killed on Thursday and work was halted temporarily, the company said. A crowd of artisanal miners intruded onto the open-pit site in the West African country's south and encountered security, the company said in a news release. One other person was injured in the incident, Robex said...Read More

How Brazil is becoming a global leader in the production of green metals

December 16, 2022 / www.northernminer.com

For years, Brazil was overlooked as a favourable mining jurisdiction within South America. But what's recently become apparent is that times are changing. The countries that were once deemed as go-to options are now experiencing civil unrest and political instability. While these countries no longer attract the investment dollars they once did, Brazil is emerging as a mining destination of choice....Read More

EnCore Energy wins court challenge to South Dakota uranium project

December 16, 2022 / www.northernminer.com

EnCore Energy (TSXV: EU; OTCQB: ENCUF) has won a court challenge to its US$32 million Dewey-Burdock uranium project in South Dakota. The Oglala Sioux Tribe and watchdog group Aligning for Responsible Mining wanted a United States appeals court to review its decision in August approving the Nuclear Regulatory Commission's (NRC) licence for enCore to mine uranium at the project about 150 km south...Read More

Rio Tinto secures direct ownership of Oyu Tolgoi

December 16, 2022 / www.northernminer.com

Rio Tinto (NYSE: RIO; LON: RIO; ASX: RIO) is now the majority owner of the giant Oyu Tolgoi copper-gold mine in Mongolia, as it has completed its US$3.3 billion buyout of Canadian miner Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ).Shareholders of the Montreal-based company approved on Monday the deal that gives Rio Tinto control over the world's largest known copper and gold deposit, with a 66%...Read More

Panama orders suspension of First Quantum's giant copper mine

December 16, 2022 / www.northernminer.com

Panama's government has ordered First Quantum Minerals (TSX: FM) to halt operations at its Cobre Panama copper mine after it failed to agree terms for a new contract with the Canadian miner.The move, unusual among Latin American countries, came after First Quantum missed a Wednesday night deadline to ink a new royalty deal that has been in the works since September 2021.The miner said on Friday...Read More

Eldorado Gold board okays Skouries gold-copper project restart

December 16, 2022 / www.northernminer.com

Canada's Eldorado Gold (TSX: ELD; NYSE: EGO) said the board has approved an investment decision and full restart of construction activities at its Skouries gold-copper project in northern Greece.The proposed mine, which has reserves of 3.7 million oz. of gold and 1.7 billion lb. of copper, was halted from 2017 to 2021 due to government delays in issuing permits and community opposition.After inkin...Read More

It's Wholesale Robbery!

December 16, 2022 / dailyreckoning.com

The latest inflation news was glorious, they said. The whole media told us so!It's easing, improving, better than it has been and headed in the right direction. So stop your kvetching and get out there and make (and spend) money. For that matter, throw around the credit card a bit and stop trying to save money.Inflation is all but done! It's pretty interesting because they have been saying this fo...Read More

Watch Out, China: Major Hypersonic Breakthrough

December 16, 2022 / www.outsiderclub.com

On December 9, the U.S. military made major headway in its effort to catch Russia and China, who have long outpaced us in cutting -dge weapons development. Indeed, while our two main geopolitical adversaries have already deployed hypersonic weapons - missiles that travel more than five times the speed of sound - the Pentagon has been trapped in the testing phase. Until now, it seems. Because la...Read More

Getchell Gold Corp. Announces Resources Estimate at Fondaway Canyon, NV

December 15, 2022 / bit.ly

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (Read full newsRead More

Japan Gold Intersects High-Grade Silver Mineralization at the Saroma Prospect

December 15, 2022 / bit.ly

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (Read full newsRead More

Fortescue lifts stake in Candente

December 15, 2022 / www.mining-journal.com

The miner will buy 22.2 million shares at 18c per share, a 26% premium to the five-day volume-weighted average price of Candente shares. FMG first invested in Candente in early 2020 and holds 52.Read More

Fortescue lifts stake in Candente

December 15, 2022 / www.mining-journal.com

Look beyond market approach to project valuations: van ZylLeadershipGlobal Atomic homes in on Dasa financingSPONSOREDglobal atomic corpDenison eyeing low-cost in-situ recovery in Canada's high-grade Athabasca BasinSPONSOREDdenison minesUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDThe miner will buy 22.2 million shares at 18c per share, a 26% premium to the five-day...Read More

Indonesian coal miner named biggest stock winner of 2022

December 15, 2022 / www.mining-journal.com

For the year-to-date, Adaro's share price has surged by 1,167% to 1,710 IDR as of 15 December. The stock peaked at 2,990 IDR on 19 April before drifting lower.Read More

First Quantum fails to reach Panama deal, shares down,

December 15, 2022 / www.canadianinvestor.com

Share this article TORONTO - First Quantum Minerals Ltd. (FM-TSX) has released an update on negotiations with the Government of Panama on the framework governing the operation of the Cobre Panama mine by its subsidiary Minera Panama S.A. (MPSA).In a press release, First Quantum said the Government of Panama and MPSA were unable to reach an agreement by the December 14, 2022, deadline imposed by t...Read More

AI firm KoBold ventures into Zambia with $150 million...

December 15, 2022 / www.mining-journal.com

The deal was signed at a business forum on the sidelines of the US-Africa Leaders Summit in Washington.Read More

Robex suspends Mali ops after death

December 15, 2022 / www.mining-journal.com

"Following an intrusion of artisanal miners in the perimeter of the operations, an incident with a gendarme has caused one death and one injured among the artisanal miners," Robex said.Read More

First Quantum, Panama contract talks fail

December 15, 2022 / www.mining-journal.com

A statement issued by the Ministry of Commerce and Industries said negotiations failed to close on the broad terms the parties agreed in January.Read More

Biden meets African leaders on 2023 polls

December 15, 2022 / www.mining-journal.com

Biden's meeting included Nigerian President Muhammadu Buhari, who heads sub-Saharan Africa's largest economy, and President Felix Tshisekedi of the Democratic Republic of the Congo, a leading producerRead More

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