News and Reports

GSilver restarts Valenciana mine

October 18, 2022 / www.mining-journal.com

The company said it anticipates ending the year at an annual production run rate of about 3.Read More

Rio looking at new iron ore mine despite slowdown warnings...

October 18, 2022 / www.mining-journal.com

Cerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldTENDER FOR THE EXPLOITATION OF THE BAUXITE BLOCK OF SANTOU (TELIMELE), GUINEASPONSOREDcenter for mining promotion and development (cpdm)Metal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedPilbara iron ore shipments were 82.9 million tonnes on a 100% basis, which was up 4% quarter-on-quarter but down...Read More

La Oroya goes to former workers

October 18, 2022 / www.mining-journal.com

Cerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldTENDER FOR THE EXPLOITATION OF THE BAUXITE BLOCK OF SANTOU (TELIMELE), GUINEASPONSOREDcenter for mining promotion and development (cpdm)Metal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedThe worker-owned company will seek to obtain permits to resume operations with a target of the March quarter of 2...Read More

IAMGOLD sells Rosebel to focus on Cote

October 18, 2022 / www.mining-journal.com

"This transaction represents a significant step forward in pursuing IAMGOLD's strategy of disciplined portfolio management as we look to create value for shareholders through a focus on core assets,"Read More

Turquoise Hill juggles debt re-work, Rio bid

October 18, 2022 / www.mining-journal.com

Turquoise Hill is in talks with Rio Tinto and lenders to reduce its base case funding requirement of around US$3.6 billion by up to $1.Read More

Canada's Labrador Iron boosted by iron shipments

October 18, 2022 / www.mining-journal.com

Cerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldTENDER FOR THE EXPLOITATION OF THE BAUXITE BLOCK OF SANTOU (TELIMELE), GUINEASPONSOREDcenter for mining promotion and development (cpdm)Metal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedThird-quarter combined IOC production volumes of 4.7Mt, making an annualized rate of 18.9Mt, was 8% above analyst...Read More

The next boom in mining M&A

October 18, 2022 / www.mining-journal.com

Cerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldTENDER FOR THE EXPLOITATION OF THE BAUXITE BLOCK OF SANTOU (TELIMELE), GUINEASPONSOREDcenter for mining promotion and development (cpdm)Metal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedAren't larger companies looking to snap up producers of metals viewed as essential to an electrified economy?Read More

De Beers' New Mine Faces Polar Bear Concerns

October 18, 2022 / www.idexonline.com

(IDEX Online) - De Beers' plans for a diamond mine on Canada's Baffin Island has raised concerns about neighboring Inuit communities, as well as polar bear and caribou populations.The UK-based miner bought the Chidliak Project in September 2018 as part of its purchase of Peregrine Diamonds for C$107m.Wildlife groups are now warning that caribou populations are already in decline and the...Read More

LVMH Reports Growth in Watch and Jewelry Businesses

October 18, 2022 / www.idexonline.com

(IDEX Online) - LVMH reports a 23 per cent growth in revenue (16 per cent organic) for it watches and jewelry businesses in the first nine months of 2022.The French luxury conglomerate said growth across all it sectors - including wines and spirits, fashion and leather goods, and perfumes and cosmetics - was 28 per cent for the same period, with a total revenue of $55.6bn.LVMH (Louis Vuitton Moet...Read More

Fugitive Modi Awaits Verdict in Extradition Appeal

October 18, 2022 / www.idexonline.com

(IDEX Online) - Fugitive diamond billionaire Nirav Modi is awaiting the outcome of his last-ditch appeal against extradition back to India.   The High Court in London says it will hand down its verdict as soon as possible after a two-day hearing.   Modi, 51, (pictured) is accused of fraudulently using letters of undertaking offered by the Punjab National Bank (PNB) in an alleged $1.85bn...Read More

Analysts maintain buy advice on Rio Tinto

October 18, 2022 / www.mining-journal.com

Jefferies analysts reiterated their Buy view on Rio Tinto stock, despite the production results being weaker than expected.Read More

Stillwater Critical enjoys 'sweet spot' in Montana's Lower Stillwater PGMs Complex

October 18, 2022 / www.northernminer.com

Stillwater Critical Minerals (TSXV: PGE; US-OTC: PGEZF) is "rewriting the book" on the Lower Stillwater Igneous Complex in Montana, says president and CEO, Michael Rowley.The company's evaluation of the flagship Stillwater West project continues to confirm more parallels to South Africa's Bushveld Igneous Complex, and positions the company as the second-largest landholder in the Stillwater Complex...Read More

The Northern Miner Podcast - episode 313: The case for Canada, ft mineral economist Douglas Silver at the Global Mining Symposium

October 18, 2022 / www.northernminer.com

This week's episode features Douglas Silver, mineral economist, keynote speaker and author at the Q3 Global Mining Symposium. Douglas gives a data-rich presentation on how Canada is measuring up in the mining industry on an international level. He describes Canada as the "centre of the universe" in regard to international mining and explains why the country as well as its mining companies are posi...Read More

Site visit: Integra probes new discoveries at historic DeLamar gold-silver property

October 18, 2022 / www.northernminer.com

After achieving notorious maritime prosperity - initially by salvaging sunken ships - historic entrepreneur Joseph De Lamar became a prominent mine owner in the late 1880s, gaining control of a mountain six miles west of Silver City, Idaho. De Lamar sold a majority interest in the property for a pretty profit after rich veins of gold and silver were discovered, before moving on to other mining ve...Read More

Probe Metals finds 'remarkable consistency' at Val-d'Or gold project's Monique

October 18, 2022 / www.northernminer.com

Probe Metals (CVE: PRB) says drilling at its Val-d'Or East project's Monique deposit in Quebec has returned "significant" gold intercepts that are likely to expand the area of the strike and increase its resource update due by year's end. Highlights from the results of 45 new holes showed "continued strike and depth expansion with significant gold intercepts along the Monique gold zones," Probe, a...Read More

Mayfair Gold adds to Fenn-Gib resource in Ontario

October 18, 2022 / www.northernminer.com

Mayfair Gold (TSXV: MFG; OTC: MFGCF) has increased the resource at its Fenn-Gib project located in the Timmins region of northeast Ontario. The new resource is based on assay results from 61% (about 67,000 metres) of the company's current 110,000-metre infill and expansion drill program.Fenn-Gib now hosts a pit-constrained indicated resource of 118.1 million tonnes at 0.81 gram gold per tonne for...Read More

Denison says Wheeler River test taps low-cost ISR to high-grade Athabasca uranium for first time

October 18, 2022 / www.northernminer.com

Denison Mines (TSX: DML; NYSE: DNN) says it has received positive test results from its in-situ uranium recovery process at the Wheeler River project in northern Saskatchewan's Athabasca basin, which it called 'historic.'The successful test marks one of the first uses in the high-grade basin of the in-situ (ISR) leaching method that separates uranium from ore underground and pumps the solution to...Read More

China's Zijin to buy Rosebel from Iamgold for US$360M

October 18, 2022 / www.northernminer.com

Canada's Iamgold (TSX IMG; NYSE: IAG) said on Tuesday it had agreed to sell its stake in the Rosebel gold mine in Suriname to Zijin Mining in a deal valued at US$360 million.The Chinese miner will acquire Iamgold's 95% interest in Rosebel Gold Mines, which owns the Rosebel operation and a 70% participating interest in the Saramacca mine, a satellite for Rosebel.Zijin is also assuming Iamgold's eq...Read More

Probe continues to expand Monique

October 18, 2022 / www.mining-journal.com

Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipCerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldTENDER FOR THE EXPLOITATION OF THE BAUXITE BLOCK OF SANTOU (TELIMELE), GUINEASPONSOREDcenter for mining promotion and development (cpdm)The 2022 drill program aims to convert, expand and discover new gold resou...Read More

Rickards: Here's Who Wins the Midterm Elections

October 18, 2022 / dailyreckoning.com

There's less than three weeks to go until the critical midterm elections.With so much on the line, what is the likely outcome? Will Republicans retake the House and the Senate? Perhaps one? Neither?In today's issue I'll try to sort it all out for you.Polls are often considered the easiest way to understand what's going on, so we need to look at them.But polling techniques are full of flaws. They o...Read More

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