News and Reports

JV Article: Discovery Silver plumbs massive deposit in Mexico's mining heartland

October 17, 2022 / www.northernminer.com

Having acquired 100% of the Cordero silver project in 2019, Discovery Silver (TSXV: DSV; US-OTC: DSVSF) is wasting no time making it one of Mexico's most important silver producers.The Cordero project in Chihuahua state can be a Tier 1 silver producer, says Discovery. Indicators point to a mine that will be among the world's top five producers at a rate of 26 million oz. of silver-equivalent annua...Read More

This Will Alter the Course of Human History

October 17, 2022 / www.outsiderclub.com

Dear Outsider,The day we've all been waiting for is finally here.An invention that will change the entire course of human history.Poverty...Money...Jobs...Freedom...Happiness...Everything is fixed now that Tesla unveiled its newest creation...Optimus.Ooohh.Aaahh.That's the name Elon Musk has given to Tesla's so-called humanoid robot.But when he unveiled it at Tesla's AI Day at the end of Sept...Read More

"Painful Memories" if Camilla Wears Koh-i-Noor Diamond

October 16, 2022 / www.idexonline.com

(IDEX Online) - The iconic Koh-i-Noor diamond is again threatening to sour relations between India and Britain, with the prospect of Queen Consort Camilla wearing it at the forthcoming coronation, next May.The 105.6-ct D-color stone was "surrendered" by the last Sikh ruler of India, the Maharajah of Lahore, when Britain annexed the Punjab in 1849. India has been demanding its return since the coun...Read More

Prada Uses 100% Recycled Gold in New Collection

October 16, 2022 / www.idexonline.com

(IDEX Online) - Prada, the Italian fashion house best known for its luxury handbags, has launched a debut collection of sustainable fine jewelry.It says it is using 100% certified recycled gold across all pieces in the Eternal Gold collection.Prada's website currently shows three items - a signet ring, a bangle set with 0.344 cts of diamonds, and a pendant necklace in yellow gold with diamond...Read More

Collection of Eight Blue Diamonds Could Sell for $85m

October 16, 2022 / www.idexonline.com

(IDEX Online) - Sotheby's is to sell a collection of eight blue diamonds with a combined value, based on its high estimates, of over $85m.The De Beers Exceptional Blue Collection - a total of just over 32 carats recovered from Petra's historic Cullinan mine, in South Africa - will be sold in Geneva, New York and Hong Kong from November 2022 to early 2023.The highlight is the De Beer...Read More

Vizsla financing will test market's silver appetite...

October 16, 2022 / www.mining-journal.com

A long string of flashy drill results, many of which contain intervals of more than 1kg of silver equivalent, and a drilling programme with nine rigs currently (down from 13 earlier this year) haveRead More

We Blew It

October 15, 2022 / dailyreckoning.com

We blew it. That's right, we blew it. What do I mean?Rather than investing in a sustainable mix of energy and in increasing the productivity of labor and industrial processes, we squandered irreplaceable oceans of capital and credit in oh-so profitable skims and scams such as $10 trillion in stock buybacks and completely unproductive speculative absurdities.All the capital that was malinvested in...Read More

Wesdome heads towards bottom end of guidance

October 14, 2022 / www.mining-journal.com

At the beginning of the year, Wesdome had guided for 160,000-180,000oz, but lowered it by 24% at the mid-point in its Q2 reporting, largely due to supply chain issues which hampered equipmentRead More

Sandstorm tables update on royalty portfolio

October 14, 2022 / www.canadianinvestor.com

Share this article VANCOUVER - Sandstorm Gold Ltd. [SSL-TSX, SAND-NYSE American] has released an update of recent developments from its portfolio of royalty assets, including the Hod Maden project in northeastern Turkey and Greenstone gold project in Ontario.Following the recent purchase of Nomad Royalty Co. Acquisition [NSR-TSX, NYSE] and a basket of royalties and streams from BaseCore Metals Ro...Read More

Fund manager to vote against Rio-Turquoise Hill buy...

October 14, 2022 / www.mining-journal.com

San Francisco-based SailingStone and Florida-based Pentwater Capital Management have led the opposition by some minority shareholders to mining giant Rio Tinto's $3 billion bid for Toronto-listedRead More

North America base metals miners hit by downturn

October 14, 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 limitedLeading regional miners including First Quantum Minerals, Freeport-McMoRan, Hudbay Minerals, Capstone Mining, Ero...Read More

Vale opens new copper, nickel complex in Canada

October 14, 2022 / www.mining-journal.com

Phase one is expected to nearly double ore production at Copper Cliff Mine, adding roughly 10,000 t/y of contained nickel and 13,000t/y of copper.Read More

Yellow card for white metal

October 14, 2022 / www.mining-journal.com

Morgan Stanley has followed Goldman Sachs which in June told clients that the bull market in lithium "is over for now".Read More

North American royalty firms feel chill

October 14, 2022 / www.mining-journal.com

Toronto and New York-listed Triple Flag Precious Metals posted lower Q3 revenues and metal sales, an early indication of pressures faced by similar royalty firms.Read More

Sherritt to recoup $362M of debt from Cuban partners through 'cobalt swap'

October 14, 2022 / www.northernminer.com

Sherritt International (TSX: S) has entered agreements with its Cuban partners to settle $362 million of total outstanding receivables over five years, beginning Jan. 1, 2023. The agreements, known as the "cobalt swap," would allow the Moa joint venture in Cuba to prioritize dividend payments in the form of finished cobalt to each partner, and each partner's share of these cobalt dividends will be...Read More

Wesdome Gold falls after output drop, but analyst sees brighter future

October 14, 2022 / www.northernminer.com

Shares in Wesdome Gold Mines (TSX: WDO) shed nearly 11% of their value on Friday after the company reported production was down nearly a quarter from a year ago, while conditions at its Kiena mine in Quebec are challenging. Third-quarter output of 22,883 oz. gold was 16% less than the same quarter a year ago and 22% less for the first nine months of this year compared with the same period in 2021...Read More

Regulus receives US$5M investment from Osisko Gold for AntaKori project

October 14, 2022 / www.northernminer.com

Regulus Resources (TSXV: REG; OTC: RGLSF) has secured a US$5 million investment from Osisko Gold Royalties in exchange for a net smelter return (NSR) ranging from 0.125% to 1.5% on certain claims of the company's AntaKori project, as well as a right (currently held by Regulus) to buy back a 1% NSR from a third party on certain AntaKori claims.AntaKori is a copper-gold-silver project located in t...Read More

Vale opens first phase of $945M copper complex expansion in Sudbury

October 14, 2022 / www.northernminer.com

Vale (NYSE: VALE), the world's largest iron ore and nickel producer, has opened the first phase of a $945 million expansion at its Copper Cliff Complex South Mine in Sudbury, Ont.The project's initial expansion is expected to nearly double ore production at the operation, adding about 10,000 tonnes of low-carbon nickel and 13,000 tonnes of copper production per year."The materials that we're min...Read More

Turquoise Hill's fifth largest investor to reject Rio Tinto's US$3.3B takeover bid

October 14, 2022 / www.northernminer.com

Sailingstone Capital Partners, the fifth-biggest investor in Turquoise Hill Resources (TSX: TQR) said on Friday it will vote against Rio Tinto's (NYSE: RIO; LSE: RIO; ASX: RIO) intended US$3.3 billion takeover of the Canadian miner, in a shareholder meeting on Nov. 1.The activist investor said that Rio's bid not only undervalues the target, but it also intends to take advantage of the "material g...Read More

A "Very Slight" Recession

October 14, 2022 / dailyreckoning.com

Can you believe it? Joseph Biden has weighed in on the great question of recession. He says he doesn't think there will be one. If there is, however, he says "it'll be a very slight recession. That is, we'll move down slightly."Move down slightly, huh?How about the longest decline in real income in the postwar period? That's where we are right now. We are two quarters deep in declining real GDP. I...Read More

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