Robert Friedland-led Ivanhoe Electric (TSX: IE; NYSE-AM: IE) expects to update the resource estimate for its flagship Santa Cruz copper project in Arizona in January.Santa Cruz's current resource (December 2021) at a copper cut-off grade of 0.39%, stands at 274 million indicated tonnes grading 0.93% copper for 2.5 million tonnes of contained copper and 248.8 million inferred tonnes grading 0.91% c...Read More
The mining industry relies on a relatively small number of giant deposits to fuel growth - and new discoveries of this nature are few and far between.A ranking of the world's 10 richest working base and precious metal mines was compiled by calculating the aggregate value of mineral resources based on ruling prices, using data from sister company Miningintelligence.Number 1 on the list, Norilsk Nic...Read More
A new financing package brings Nevada Copper (TSX: NCU; US-OTC: NEVDF) closer to restarting and ramping-up its troubled Pumpkin Hollow underground copper mine in Nevada.Pumpkin Hollow consists of two fully permitted projects - an underground mine and processing facility, now in the production stage, and an open-pit project, which the company is advancing towards a feasibility study.Key components...Read More
Canadian precious metals miner PureGold Mining (TSXV: PGM; LSE: PUR) has applied for an initial order for creditor protection from the Supreme Court of British Columbia, having considered its cash position, debt repayments and forecast revenue.The cash-strapped miner kicked off in July a corporate review that sought to decide whether to sell the company, merge with a peer, divest its flagship gold...Read More
Sanu Gold (CSE: SANU), a Vancouver-based exploration company, isn't wasting time or money. Three months after listing on the Canadian Securities Exchange, the company has announced assay results from the first holes of an initial reverse circulation (RC) drill program on its Daina Gold Exploration Permit in Guinea's prolific Siguiri Basin.Sanu has three properties in northeast Guinea totalling 280...Read More
After months of analysis, headlines, debates, commercials, polls and more we're finally on the brink of Election Day. On Nov. 8, just a few days from now, Americans will vote for senators, governors, House members and other offices from coast to coast.These contests will determine which governing philosophy controls the country for the next two years. It will also lay the foundation for the presid...Read More
Dealing with financial difficulties, Sierra Metals (TSX: SMT) confirmed on Oct. 31 that it has received a letter of intent (LOI) from Compa??ia Minera Kolpa, a polymetallic mining company based in Peru, regarding a proposed business combination and an investment package.The LOI was submitted by Kolpa with its shareholders, including Arias Resource Capital Fund II. Arias and other members of the Ar...Read More
My wife and I spent that last 10 days at our beach house in Longboat Key, Florida. We are having renovations done, but the real reason we came down was to check on the house after hurricane Ian.Longboat Key is about an hour south of Tampa Bay and about 85 miles north of Fort Myers.When the original forecast was released about the path of Hurricane Ian, Tampa Bay was predicted to take a direct hit....Read More
(IDEX Online) - A quarter of all US diamond jewelry sales (by value) were online last year, according to De Beers' latest Diamond Insight Report.That compares with just 14 per cent in 2015, says the report. By volume the figures are 31 per cent in 2021 and 18 per cent in 2015. Online purchases were higher than average among Gen Z consumers (at 42% of total Gen Z purchases), those self-pu...Read More
(IDEX Online ) - Raiders broke into a jewelry store in Florida, USA, by cutting a hole in the ceiling.They stole $400,000 of merchandise, including "irreplaceable items" after gaining access through a neighboring shoe repair store.They the clambered through the roof space to reach the premises of Certified Jewelry Design, in Longwood."These people are professional, experienced," owner Albert...Read More
The end of the “growth” road is upon us, though the consensus continues to hold fast to the endearing fantasy of infinite expansion of consumption.This fantasy has been supported for decades by the financial expansion of debt, which enabled more spending which pushed consumption, earnings, taxes, etc. higher.All the financial games are fun but “growth” boils down to an expa...Read More
"When I say we are now on the downhill side of this permitting process, which we have been involved in since 2016, it is true.Read More
The approvals come just days after the US Treasury Department extended sanctions against the Nicaraguan General Directorate of Mines on 24 October in an attempt to isolate the country'sRead More
Identification of the preferred alternative by the USFS is a major milestone in the advancement of the project and provides clarity for the remainder of the Read More
The Federal Open Market Committee is expected to raise interest rates for a fourth consecutive meeting next week as its tackles 40-year high inflation.Read More
Cost inflation has been a major drag on the financial performance of miners since COVID-19 disrupted global supply changes.Read More
Yamana Gold reiterated its 2022 production guidance of 1 million gold equivalent ounces (GEO) and indicated all-in sustaining costs (AISC) costs would be at the upper end of its target of US$1,080/oz.Read More
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 limited"Following...Read More
With steady progress being made on the ground,company president and CEO Stephen Roman, CEO, Global Atomic Corp.Stephen Roman hopes to wrap up project financing shortly as his team vies to bring what is Africa's largest highest-grade uranium project online in a little over two years from now. Several pieces must fall into place in order for that to happen, but favourable uranium market co...Read More
François-Philippe Champagne, Minister of Innovation, Science and Industry, today issued additional direction with regard to the application of the Investment Canada Act in cases involvingRead More