News and Reports

UAE to Chair KP for Second Time

November 08, 2022 / www.idexonline.com

(IDEX Online) - UAE is to chair the Kimberley Process again in 2024.Delegates at a plenary session in Botswana, which currently chairs KP, approved the move last week.Belarus had also applied for the position, according to a Reuters report, at a time when KP faces mounting pressure to consider broadening its definition of conflict diamonds to include Russia   Zimbabwe will chair KP...Read More

Rolex's Second Price Hike Of The Year

November 08, 2022 / www.idexonline.com

(IDEX Online) - The price gap between new and used Rolex watches is widening.   The company has just announced a second increase this year, of about five per cent, for outlets across Europe.   But the most popular used models have seen prices plunge by 21 per cent since peaking in April, according to WatchCharts, which tracks the luxury watch market. Geneva-based Rolex, which produces ar...Read More

Petra Diamonds Halts Mining after Dam Breach

November 08, 2022 / www.idexonline.com

(IDEX Online) - Petra Diamonds has halted operations a wall of the tailings dam at its Williamson mine, in Tanzania, was breached. The UK-based miner said there were no confirmed deaths or injuries as a result of flooding from the eastern wall of the facility that stores mining waste. It's less than two months since the tailings dam at Jagersfontein, a former diamond mine in South Africa, was...Read More

South32 reports fatal smelter incident

November 08, 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 company said Cristovão Alberto Tonela and Alfredo Francisco Domingos João were fatally injured on Monday, while a...Read More

SolGold and Osisko do royalty deal over Cascabel

November 08, 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 Osisko will receive a 0.6% net smelter return interest from SolGold, calculated with reference to net smelter returns from the Casc...Read More

The Northern Miner Podcast - episode 316: Real-time data processing is the future of drilling, ft Boart Longyear president and CEO Jeff Olsen

November 08, 2022 / www.northernminer.com

This week's episode features Boart Longyear president and CEO Jeff Olsen in conversation with Northern Miner Podcast host Adrian Pocobelli. Jeff shares his view of the global mining industry, the impacts of inflation, the parts of the globe in which he sees the most growth, and the future of drilling, including developments in artificial intelligence and real-time on-site data processing.All this...Read More

Magna plans drilling at Denison nickel-copper project after 'considerable' resource estimate

November 08, 2022 / www.northernminer.com

Magna Mining (TSXV: NICU) says its first resource for its Denison nickel, copper and platinum group metals project in Ontario's Sudbury basin shows "significant potential."Magna is exploring the restart of a past-producing underground mine and the development of an open-pit operation to the site, also known as Crean Hill. As well, Magna owns the advanced-stage Shakespeare, a similar project in the...Read More

Agnico Eagle, Pan American to buy Yamana Gold in US$4.8B deal

November 08, 2022 / www.northernminer.com

Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Pan American Silver (TSX: PAAS; NASDAQ: PAAS) are buying fellow Canadian miner Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) in a US$4.8 billion cash-and-shares transaction.Toronto-based Yamana said on Tuesday it had inked a deal with the two precious metals miners after South Africa's Gold Fields (NYSE: GFI; JSE: GFI) waived on Monday its right to match...Read More

Fission drills top Triple R hole

November 08, 2022 / www.northernminer.com

Fission Uranium (TSX: FCU; OTC: FCUUF) has drilled one of the best holes to date at its Patterson Lake South (PLS) project in Saskatchewan's Athabasca basin. Hole PLS21-MET-004, drilled in the Triple R deposit, intersected 34 metres averaging 19.12% uranium oxide, including 26 metres at 24.59% of the radioactive metal.The total composite grade x thickness value is 650.7, as calculated by Fission...Read More

Newcrest approves $140M expansion of Telfer gold-copper operation

November 08, 2022 / www.northernminer.com

Newcrest Mining (TSX: NCM; ASX: NCM), Australia's largest gold producer, has approved an A$214 million (about US$140 million) expansion of its Telfer gold-copper operations, which include the Main Dome, West Dome open pits and underground mines.The company said the West Dome Stage 8 cutback should start producing ore in the current quarter - its second quarter of fiscal year 2023 - and extend T...Read More

The Canadian Mining Hall of Fame announces 2023 inductees

November 08, 2022 / www.northernminer.com

The Canadian Mining Hall of Fame will welcome three new members at a gala dinner and induction ceremony on May 24, 2023 at The Carlu in Toronto. Tickets will go on sale for the event?EUR?in March of?EUR?next year. The Northern Miner is a co-founding member organization of the Canadian Mining Hall of Fame, along with the Canadian Institute of Mining, Metallurgy and Petroleum, The Mining Association...Read More

American Eagle reports first drill result from NAK project; stock soars

November 08, 2022 / www.northernminer.com

American Eagle Gold (TSXV: AE) has released assay results from the first hole of its 2022 program on the NAK project located in the Babine copper-gold porphyry district of west-central British Columbia.NAK represents a classic porphyry copper-gold target where the current 5,000-metre drill program is testing the potential for a mineralized footprint greater than 1.5 x 1.5 km that was open and...Read More

Are We Seeing Voting Fraud?

November 08, 2022 / dailyreckoning.com

Election Day is here. All eyes will be focused on the election returns. These House, Senate and gubernatorial contests will determine which governing philosophy controls the country for the next two years.It will also lay the foundation for the presidential election in 2024 (that campaign starts the day after the midterm election). Essentially, everything that citizens, investors, and markets care...Read More

Biden Lays Siege to China

November 08, 2022 / www.outsiderclub.com

He better be able to back it up. Biden just announced a complete ban on selling advanced computer chips and manufacturing equipment to China. It's a major blow to the Chinese semiconductor industry and a minor blow to ours. The U.S. doesn't produce many chips of its own (yet), but it remains one of only a handful of countries capable of building the machines that build advanced chips. Wit...Read More

Gold79 Announces Private Placement Financing of up to $1,000,000

November 07, 2022 / bit.ly

Gold79 Mines Ltd. (TSXV: AUU) (OTCQB: AUSVF) (Read full newsRead More

Osisko buys royalty on Solgold project for US$50 million

November 07, 2022 / www.canadianinvestor.com

Share this article VANCOUVER - Solgold [SOLG-TSX, LSE] has struck a binding agreement with Osisko Gold Royalties Ltd. (OR-TSX, OR-NYSE) for a US$50 million royalty financing with reference to the company's Cascabel copper-gold project in northern Ecuador.Osisko will receive a 0.6% net smelter royalty (NSR) royalty interest from Solgold, calculated with reference to net smelter returns from the Ca...Read More

Gold Fields will not increase bid in Yamana battle...

November 07, 2022 / www.mining-journal.com

North American miners Pan American Silver and Agnico Eagle Mines announced on 4 November a rival stock and cash deal worth US$4.8 billion to split Yamana's assets in Latin America and Canada.Read More

Turquoise Hill delays Rio vote after Canada intervention...

November 07, 2022 / www.mining-journal.com

The meeting of Turquoise Hill was originally scheduled for 1 November and subsequently, on Rio Tinto's request, postponed to 8 November.Read More

US working on COP 27 carbon credits plan

November 07, 2022 / www.mining-journal.com

US President Joe Biden's climate envoy John Kerry is trying to marshal support from other governments, companies and climate experts to develop a new framework for carbon credits to be sold toRead More

Toronto-listed Centerra posts Q3 loss

November 07, 2022 / www.mining-journal.com

The firm posted a net loss for the quarter of US$33.9 million, 223% below a year-on-year profit of $27.6 million. The loss included a deferred income tax expense of $27.6 million.Read More

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