News and Reports

Argentina mining sector threatened by delays -CAEM

November 10, 2022 / www.mining-journal.com

The CAEM is referencing the continuing delays in the approval processes of the Import System of the Argentine Republic (SIRA) and the System of Imports of the Argentine Republic and Service PaymentsRead More

Japan Gold drills to revive nation's mostly-dormant gold mining industry

November 10, 2022 / www.northernminer.com

High-tech manufacturing, beautiful art and good food are a lot more commonly associated with Japan than gold.But Vancouver-headquartered explorer Japan Gold (TSXV: JG) might be a catalyst to start shifting that association.Of the multiple rigs the company currently has turning in Japan, it is mobilizing two more to drill on the northern island of Hokkaido "before the snow really flies this year,"...Read More

Teck's QB2 project to be 100% powered by renewables starting in 2025

November 10, 2022 / www.northernminer.com

Canada's largest diversified miner Teck Resources (TSX: TECK.A; TECK.B, NYSE: TECK) will power its Quebrada Blanca phase 2 (QB2) copper project in Chile with 100% renewable energy sources from 2025 onwards.Teck president and COO Red Conger at QB2. Credit: Teck ResourcesAES Corp. (NYSE: AES) has agreed to supply the Canadian miner with 1,069 gigawatt hours per year of energy from renewable sources...Read More

Vox Royalty buys First Quantum NSR royalties portfolio

November 10, 2022 / www.northernminer.com

Vox Royalty Corp. (TSXV: VOX) has acquired the rights to a portfolio of four different net smelter return (NSR) royalties from First Quantum Minerals (TSX: FM) for $650,000.The portfolio includes a 2% NSR on a portion of the Estrades project owned by Galway Metals (TSXV: GWM), a 0.49% NSR on the Opawica project owned by Imperial Mining (TSXV: IPG), a 2% NSR (including a 1% buy-back for $3 million)...Read More

O3 Mining posts first resource for Alpha project's Bulldog and Kappa deposits in Quebec

November 10, 2022 / www.northernminer.com

O3 Mining (TSXV: OIII; US-OTC: OIIIF) has posted a first resource for the Bulldog deposit and the nearby Kappa discovery at its Alpha property in Quebec.In total, the Bulldog and Kappa deposits have an inferred resource of nearly 3.1 million tonnes grading 3.2 grams gold per tonne for 318,000 oz. of contained gold.The resource was based on roughly 50,000 metres of drilling in 116 holes, about 76%...Read More

SolGold CEO leaves after less than a year in the top job

November 10, 2022 / www.northernminer.com

Ecuador-focused SolGold (TSX: SOLG; LSE: SOLG) said on Thursday its chief executive and managing director, Darryl Cuzzubbo, had left the company effective immediately, after less than a year in the top job.The former BHP (NYSE: BHP; LSE: BHP; ASX: BHP) executive's departure comes just two days after the company unveiled a $50-million royalty financing deal to advance its giant Cascabel copper-gol...Read More

Triple Flag to buy Maverix Metals creating fourth largest streaming and royalty firm

November 10, 2022 / www.northernminer.com

Canada's Triple Flag Precious Metals (TSX: TFPM) is buying smaller peer Maverix Metals (TSX: MMX) in a deal valued at $606 million, which would consolidate it as the world's fourth-largest senior streaming and royalty company.The Toronto-based company said combining its predominantly gold and silver streams and royalties portfolio with Maverix's will allow it to increase scale and enhance div...Read More

Cameco officially restarts production at McArthur River/Key Lake following four-year shutdown

November 10, 2022 / www.northernminer.com

Cameco (TSX: CCO; NYSE: CCJ) announced on Wednesday that the first pounds of uranium ore from the McArthur River mine in Saskatchewan have now been milled and packaged at the Key Lake mill, marking the achievement of initial production as these facilities transition back into normal operations."McArthur River and Key Lake are among the best and most prolific uranium assets on the planet, and after...Read More

Has Inflation Peaked?

November 10, 2022 / dailyreckoning.com

Today we rinse politics from our hair - the Lord be thanked - and retrain our focus on markets.The stock market was up and away today. The Dow Jones jumped a jaunty and jubilating 1,201 points.The S&P 500 and Nasdaq Composite enjoyed parallel joyrides, the former up 207 points today, the latter up 760.All is joy. Yet why?Inflation has evidently lost a bit of its roar...October Inflation Modera...Read More

Pan American-Agnico to activate Yamana takeover

November 09, 2022 / www.canadianinvestor.com

Share this article VANCOUVER - Pan American Silver Corp. [PAAS-TSX, NASDAQ] and Agnico-Eagle Mines Ltd. (AEM-TSX, AEM-NYSE) are set to acquire Yamana Gold Inc. [YRI-TSX, AUY-NYSE] in a US$4.8 billion deal, ensuring that Canada's largest gold mine - The Canadian Malartic - remains under Canadian ownership.The move follows the termination of a rival deal that would have seen Yamana being acquired...Read More

Colombia gold companies push forward with production...

November 09, 2022 / www.mining-journal.com

Antioquia Gold is guiding for production of 46,000 ounces of gold this year at its Cisneros operation in Antioquia, up from 38,000oz in 2021, at a cash cost of US$1189/oz.Read More

Hecla joints hurt of New York-listed silver miners...

November 09, 2022 / www.mining-journal.com

The largest US silver producer saw its realised silver prices fall 11.5% q-q to $18.30/oz from $20.68/oz.Read More

Rio Tinto vote delayed on public interest concern

November 09, 2022 / www.mining-journal.com

The meeting had been scheduled for November 15 but this has been adjourned and the firm has not been able to offer a new date.Read More

What next for Canada post-Yamana deal?

November 09, 2022 / www.mining-journal.com

PolarX following up promising results at Nevada gold-silver projectSPONSOREDpolarx limitedSaudi to lead mining super regionSPONSOREDsaudi ministry of industry and mineral resourcesAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy The US$4.Read More

Atalaya takes EBITDA hit from electricity costs

November 09, 2022 / www.mining-journal.com

Atalaya reported EBITDA of negative €4.3 million in the September quarter of 2022, compared to positive EBITDA of €48.8M a year earlier.Read More

Mystery of Tiffany Tycoon in Cruise Ship Tragedy

November 09, 2022 / www.idexonline.com

(IDEX Online) - The owner of the Tiffany & Co jewelry empire in Turkey died after plunging from a cruise ship off the coast of Tahiti, in the South Pacific.Relatives of Dilek Ertek, 71, believe CCTV footage shows her falling to her death at 3am, but say her partner, 74, did not report her missing until 20 hours later.He was questioned by police in Tahiti when the Norwegian Spirit cruise ship (...Read More

"Suicidal" Modi Loses Last-Ditch Extradition Appeal

November 09, 2022 / www.idexonline.com

(IDEX Online) - Fugitive diamond tycoon Nirav Modi today lost his last-ditch battle against extradition to India, where he faces charges of fraud and money laundering.The 51-year-old, who has been in a British prison since March 2019, had argued he was a suicide risk if he was sent back.He is accused of fraudulently using letters of undertaking offered by the Punjab National Bank (PNB) in an alleg...Read More

Fortune Pink Sells for $28.8m but Misses High Estimate

November 09, 2022 / www.idexonline.com

(IDEX Online) - The 18.18-carat Fortune Pink diamond sold yesterday at Christie's Geneva for $28.8m - above its $25m low estimate but below the $35m high estimate.The largest pear-shaped fancy vivid pink diamond ever to be auctioned was bought by an unnamed Asian private collector after a three-way battle between telephone bidders.The diamond, mined in Brazil more than 15 years ago, was displ...Read More

Brucejack still suspended after fatality

November 09, 2022 / www.mining-journal.com

PolarX following up promising results at Nevada gold-silver projectSPONSOREDpolarx limitedSaudi to lead mining super regionSPONSOREDsaudi ministry of industry and mineral resourcesAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy A "critical incident" involving an employee of mining contractor Procon occurred at the mine on October 22.Read More

Orica bounces back

November 09, 2022 / www.mining-journal.com

PolarX following up promising results at Nevada gold-silver projectSPONSOREDpolarx limitedSaudi to lead mining super regionSPONSOREDsaudi ministry of industry and mineral resourcesAura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy That NPAT could have been a lot better had it not been for $257 million in significant items.Read More

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