News and Reports

Maverix reveals new royalty in third quarter update

November 02, 2022 / www.northernminer.com

Maverix Metals (TSX: MMX; NYSE-AM: MMX) says it's on track to meet its revised 2022 guidance of 28,000 to 31,000 attributable gold-equivalent ounces and unveiled a new royalty deal on the Sleeping Giant mine in Quebec's Abitibi region.The company acquired a 2% net smelter return royalty (NSR) on all metallic and non-metallic minerals recovered from the Geant Dormant and Dormex claims of the Sleepi...Read More

Diamond trade watchdog mulls fate of Russian gems

November 02, 2022 / www.northernminer.com

The Kimberley Process (KP), an international scheme that certifies rough diamond exports, is expected to decide this week whether Russian diamonds should be declared conflict gems.Members of the KP are meeting in Gaborone, Botswana, until Friday and one of the main topics in the agenda is to discuss whether Russian diamonds are funding the war in Ukraine.The debate would be around whether to broa...Read More

Vale signs MOUs to develop 'Mega Hubs' in Middle East

November 02, 2022 / www.northernminer.com

Vale (NYSE: VALE) has signed three memorandums of understanding (MOUs) to jointly study the feasibility of developing industrial complexes or 'mega hubs' in the Kingdom of Saudi Arabia, the United Arab Emirates, and the Sultanate of Oman.The hubs will produce hot briquetted iron (HBI) and steel products, Vale says, noting that "the production of HBI using natural gas emits around 60% less CO2 [car...Read More

B2Gold, AngloGold put Gramalote project in Colombia up for sale

November 02, 2022 / www.northernminer.com

Canada's B2Gold (TSX: BTO; NYSE-AM: BTG) and South Africa's AngloGold Ashanti (NYSE: AU; ASX: AGG) have decided to put their US$925-million Gramalote gold project in Colombia up for sale before year-end.After completing a comprehensive review of the alternatives for the gold project in the northwestern department of Antioquia, the joint venture (JV) partners determined it would be in the best inte...Read More

"F*ck the Gold Market"

November 02, 2022 / www.outsiderclub.com

From 2003-2011, the price of gold increased from about $400 an ounce to over $1,900. And by the summer of 2011, the market was going crazy with expectations.There were predictions of $10,000 an ounce... $50,000 an ounce... even $100,000 an ounce. And people were talking about gold everywhere. If you think back, I bet you'll remember all those "cash for gold" advertisements that ran back in 2011.Bu...Read More

RT @BCRMAlliance: New video highlighting the #BCRMA and our members launched today! Watch here:

November 01, 2022 / vimeo.com

The BC Regional Mining Alliance is collaborating to create sustainable investment opportunities in the Province of British Columbia, Canada. Learn more at www.bcrma.com.Read full newsRead More

US banks expand metals teams

November 01, 2022 / www.mining-journal.com

Bank of America and Morgan Stanley have hired for their metals divisions while Deutsche Bank is considering a return to the business it abandoned just under a decade ago, Bloomberg reported.Read More

Rio asks Turquoise Hill to delay shareholder vote

November 01, 2022 / www.mining-journal.com

Shareholders are scheduled to vote on whether to approve Rio Tinto's C$43/share offer for the 49% of Turquoise Hill it does not already own on 8 November, a delay from the original scheduled date of 1Read More

US banks expand metals teams

November 01, 2022 / www.mining-journal.com

Digital capital raising platform opens doors with over 100 ASX offers completedSPONSOREDblue horseshoe ventures pty limitedStudy points to more copper-gold potential for PolarX in AlaskaSPONSOREDpolarx limitedPurepoint Uranium Group Well Positioned to Make Next Athabasca DiscoverySPONSOREDpurepoint uraniumSheffield flashes a green light at ThunderbirdSPONSOREDsheffield resources limitedBank of Ame...Read More

Biden slams oil firms ahead of mid-terms

November 01, 2022 / www.mining-journal.com

"Oil companies' record profits today are not because they're doing something new or innovative.Read More

Protestors block entrance to Hochschild's Inmaculada...

November 01, 2022 / www.mining-journal.com

The protestors, believed to be part of the Casma Palla Palla community from the Southern region of Ayacucho, have been demonstrating since 27 October.Read More

Lithium projects release results, supply gap discussed...

November 01, 2022 / www.mining-journal.com

There is a very large and real supply risk associated with lithium.Read More

Weighing the cost of mining in the Sahel

November 01, 2022 / www.mining-journal.com

Digital capital raising platform opens doors with over 100 ASX offers completedSPONSOREDblue horseshoe ventures pty limitedStudy points to more copper-gold potential for PolarX in AlaskaSPONSOREDpolarx limitedPurepoint Uranium Group Well Positioned to Make Next Athabasca DiscoverySPONSOREDpurepoint uraniumSheffield flashes a green light at ThunderbirdSPONSOREDsheffield resources limitedAbout a yea...Read More

IDEX Price Report for 1 November: Rounds Down Again, More Upward Movement for Fancies

November 01, 2022 / www.idexonline.com

(IDEX Online) - The overall trend is still downwards, although there are pockets of price increases among some sizes. Consumers are tightening their belts, which is having a clear impact on diamond prices. They're buying smaller stones, or if they do opt for bigger stones, they're settling for lower colors and clarities.HIGHLIGHTED CHANGESRounds1.00-1.24 ct. H-I / IF-VS2 -1.5-5...Read More

Newmont sees some cost relief, eyes strong Q4

November 01, 2022 / www.mining-journal.com

"Newmont delivered solid third quarter production of 1.5 million gold ounces as we build momentum for strong production in the fourth quarter," said chief executive Tom Palmer.Read More

Verisk sells WoodMac

November 01, 2022 / www.mining-journal.com

Digital capital raising platform opens doors with over 100 ASX offers completedSPONSOREDblue horseshoe ventures pty limitedStudy points to more copper-gold potential for PolarX in AlaskaSPONSOREDpolarx limitedPurepoint Uranium Group Well Positioned to Make Next Athabasca DiscoverySPONSOREDpurepoint uraniumSheffield flashes a green light at ThunderbirdSPONSOREDsheffield resources limitedVeritas wil...Read More

A Bodyguard of Lies

November 01, 2022 / dailyreckoning.com

The all-important midterm elections are just one week away. I've said a lot about them, and will have more to say about them in the days to come.But today, I want to talk about something even more important: truth vs. official lies. More specifically, I want to talk about truth and propaganda.It's said that truth is the first casualty of war. And Churchill once said that in wartime, truth is so pr...Read More

Site Visit: Americas Gold and Silver eyes extending decades-old Galena mine life as discoveries keep coming

November 01, 2022 / www.northernminer.com

Driving through the forested hills of northern Idaho, one could be forgiven for assuming the growing recreational city of Coeur d'Alene brings all the buzz and value to the region.After all, it offers year-round recreational activities in stunning natural landscapes, serves as a commercial hub for the northern part of the state, and its adjacent Lake Coeur d'Alene hosts shoreline homes for a few H...Read More

Newmont maintains guidance despite softer Q3 results

November 01, 2022 / www.northernminer.com

The world's largest gold producer by volume and market cap Newmont (TSX: NGT; NYSE: NEM) says it is maintaining the full-year production guidance despite a weaker September-quarter performance.Newmont said its headline profit fell to US$212 million, or US27 ? per share, in the quarter that ended Sept. 30, from US$483 million, or US60 ? per share, a year earlier. Analysts, on average, had an expect...Read More

Skeena extends Eskay Creek Rift in B.C.'s Golden Triangle

November 01, 2022 / www.northernminer.com

The first deep drill hole in the down dip extension of the Eskay Creek deposits in northwestern B.C. has identified a new occurrence of rhyolite-hosted mineralization about 650 metres down dip of the NEX Zone in the Eskay Deeps, and at a vertical depth of 850 metres below surface, Skeena Resources (TSX: SKE; NYSE: SKE) reports.Drill hole SK-22-1081 returned 3.79 grams gold per tonne and 59.4 grams...Read More

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