News and Reports

Franco-Nevada misses consensus, says will meet guidance...

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

"Our diversified portfolio performed well in the quarter with declines in precious metal prices partially offset by strong oil and gas prices", said Franco-Nevada's chief executive Paul Brink.Read More

Is Canada being upfront on China critical minerals...

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

Sheffield flashes a green light at ThunderbirdSPONSOREDsheffield resources limitedPurepoint Uranium Group Well Positioned to Make Next Athabasca DiscoverySPONSOREDpurepoint uraniumExcitement as Alma Metals raises funds for more copper exploration SPONSOREDalma metalsStudy points to more copper-gold potential for PolarX in AlaskaSPONSOREDpolarx limitedCanada's industry minister François-Phil...Read More

Central banks rediscover gold

November 07, 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  Last week's US$50 an ounce jump in the gold price could have been caused by a number of factors but one of them looks to have...Read More

Growth in US Watch and Jewelry Sales Down to Covid Levels

November 07, 2022 / www.idexonline.com

(IDEX Online) - The growth in sales of US jewelry and watches in September hit its lowest level since the Covid lockdowns of 2020. It was down to just 1.3 per cent. The figure for August, originally given as 3.7 per cent, has now been revised down, based on actual rather than estimated sales to 3.0 per cent. This paints a grim picture. The last time sales growth reached a low p...Read More

IDEX Polished Price Index for October: Seventh Month of Steady Decline

November 07, 2022 / www.idexonline.com

(IDEX Online) - The IDEX Polished Price Index continued its near-straight line decline for a seventh consecutive month in October. It fell by 1.86 per cent, slightly less than September's 2.34 per cent, but still the second biggest drop since April. The Index started falling early in March. It was down 2.1 per cent in April, 0.69 per cent in May, 1.18 per cent in June and 2.05...Read More

Can Biden Make Things Even Worse?

November 07, 2022 / dailyreckoning.com

Americans know that gasoline prices are higher, home heating fuel prices are higher and that there's an emerging diesel fuel shortage in the United States.Higher fuel costs translate into higher costs for everything because trucks, trains, planes and cargo vessels all run on fuel (mostly diesel) so those higher fuel costs get passed along as higher prices for the goods being shipped including food...Read More

Ontario-focused Frontier Lithium aspires to become Canada's 'lithium champion'

November 07, 2022 / www.northernminer.com

With a project focused on one of the hottest commodities tied to mass adoption of EVs, Frontier Lithium (TSXV: FL; US-OTC: LITOF) is working towards completing a resource update and prefeasibility study for its PAK project in northwestern Ontario by the first quarter of 2023. The prospective lithium pegmatite project is 170 km north of the famed Red Lake gold camp in an emerging lithium mineral d...Read More

TNM Drill Down: Top gold assays for the week of Oct. 28-Nov. 4

November 07, 2022 / www.northernminer.com

Our TNM Drill Down feature highlights the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining Intelligence (www.miningintelligence.com). Donlin Gold LLC, the equal partnership in Alaska of Barrick Gold (TSX: ABX; NYSE: GOLD) and NovaGold Resources (TSX: NG; NYSE: NG), had the top-rated assays of the past week followed by i-8...Read More

Canadian markets close lower over Oct. 31 to Nov. 4 trading week

November 07, 2022 / www.northernminer.com

The Oct. 31 to Nov. 4 trading week saw the S&P/TSX Composite Index close 21.4 points or 0.1% lower, at 19,449.81. The S&P/TSX Global Mining Index lost 4.3 points or 4.6% to 95.88 and the S&P/TSX Global Base Metals Index fell 12.7 points or 8% to 170.3. The S&P/TSX Global Gold Index fell by 3.5 points or 1.4% to 239, and spot gold ended the week US$26.4 per oz. or 1.6% higher, at US$1,674.40 per...Read More

US markets fall in the week ending Nov. 4

November 07, 2022 / www.northernminer.com

U.S. markets fell last week after the U.S. Federal Reserve increased its benchmark interest rate by 75 basis points and Fed chairman Jerome Powell said talk of a pause in rate hikes to control decades-high inflation was "very premature." The Dow Jones Industrial Average fell 458.58 points or 1.4% to 32,403.22 and the S&P 500 dropped 130.51 points or 3.35% over the week to 3,770.55. Potash prod...Read More

TSX Venture drifts slightly lower over the Oct. 31-Nov. 4 trading week

November 07, 2022 / www.northernminer.com

The S&P/TSX Venture Composite Index ended the Oct. 31-Nov. 4 trading session at 593.70 points, just 3.23 points or 0.5% lower. Critical Elements Lithium shares rose by 31 ? to $4.75 after the company announced it had received its last major environmental approval for its Rose lithium-tantalum project in Quebec. The certificate of authorization granted by the province follows a federal environmen...Read More

Petra Diamonds halts Williamson mine in Tanzania after dam breach

November 07, 2022 / www.northernminer.com

Petra Diamonds (LSE: PDL) said on Monday it had halted operations at its Williamson mine in Tanzania after a tailings storage facility burst, causing flooding in nearby areas.The company, which also operates three mines in South Africa, said the eastern wall of Williamson's tailing dam was "breached," but said in an email that the pit was not affected.Petra noted that there were no injuries or fat...Read More

SolGold secures $50M royalty funding from Osisko Gold

November 07, 2022 / www.northernminer.com

SolGold (TSX: SOLG; LSE: SOLG) has secured $50 million in royalty financing from Osisko Gold Royalties (TSX: OR; NYSE: OR), which will help the miner fund the development of its Cascabel copper-gold property in northeastern Ecuador.Osisko will receive a 0.6% net smelter return (NSR) interest from SolGold, calculated with reference to NSRs from the Cascabel licence area. SolGold has a buy-back opti...Read More

Gold Fields won't raise offer for Yamana Gold after rival bid

November 07, 2022 / www.northernminer.com

Gold Fields (NYSE: GFI; JSE: GFI) has ruled out the possibility of raising its offer for Yamana Gold (TSX: YRI; NYSE: AUY) after two Canadian miners teamed up last week and put an unsolicited US$4.8 billion bid on the table.The cash-and-stock offer from Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Pan American Silver (TSX: PAAS; NASDAQ: PAAS) on Friday trumped Gold Fields' bid, which valued Yamana...Read More

Ontario Snapshot: Eight companies to watch

November 07, 2022 / www.northernminer.com

Ontario is one of the world's premier mining jurisdictions. Here's a look at eight companies exploring the province for gold, PGMs, lithium and more.First Mining Gold First Mining Gold's Springpole project in northwestern Ontario. First Mining Gold photoFirst Mining Gold (TSX: FF; US-OTC: FFMGF) has gold projects in Ontario and Quebec. In northwestern Ontario, the company is advancing its flagshi...Read More

Will the U.S. Plunge Into a Recession After the World Series?

November 07, 2022 / www.outsiderclub.com

Philly baseball doesn't have a good track record when it comes to the economy.Just two weeks after the 1929 World Series win by the Philadelphia Athletics, the U.S. plunged into the Great Depression.In 1980, the Philadelphia Phillies won their first World Series title, but that was followed by a three-year recession that resulted in Ronald Reagan's election.And the Phillies won one other time in 2...Read More

Criminal Case Opened Over Jagersfontein Dam Disaster

November 06, 2022 / www.idexonline.com

(IDEX Online) - A criminal case is to be opened in South Africa against Jagersfontein Developments over the dam burst tragedy in September that killed at least two people and devastated a town.The Department of Water and Sanitation says that in addition to the criminal case it is implementing administrative enforcement measures against the company, owned by Dubai-based Stargems.  It alle...Read More

World's Biggest Collection of Australian Pinks on Display

November 06, 2022 / www.idexonline.com

(IDEX Online) - A huge collection of over 100 Australian pink diamonds, many from the iconic Argyle mine, collected over three decades by New York based LJ West Diamonds, is now on display at Melbourne Museum, Australia.It's described by organizers as "the largest collection of Australian pink diamonds to be shown in the world".Among the gems on display is the 2.83 carat Argyle Violet, the on...Read More

De Beers Can Screen Melee Down to 0.001-cts

November 06, 2022 / www.idexonline.com

(IDEX Online) - De Beers is launching a new diamond verification instrument, which it says is capable of automatically screening large volumes of melee at speed, and identifying rogue lab growns.Through its innovation arm, Ignite, it has developed technology to verify 3,600 diamonds per hour in the 0.001 carat to 0.0033 carat (0.6 to 1.0mm) size range.It says the new instrument, available early ne...Read More

Marimaca signs seawater agreement

November 06, 2022 / www.mining-journal.com

Under the agreement, Marimaca has a five-year option to negotiate an offtake of seawater used for cooling at a thermal coal electricity plant in Mejillones, some 25km from the project and operated byRead More

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