News and Reports

Copper producers in Americas stress market tightness

October 25, 2022 / www.mining-journal.com

Freeport-McMoRan has led the charge, highlighting that the physical copper market is "so tight" and that customers were "really fighting to get products".Read More

Calibre shares fall to a fresh low on expanded U.S.-Nicaragua sanctions

October 25, 2022 / www.northernminer.com

The Toronto-quoted equity of Nicaragua-focused Calibre Mining (TSX: CXB; US-OTC: CXBMF) has fallen to a fresh 12-month low following the imposition by the U.S. government of tighter sanctions aimed at stifling the regime of Daniel Ortega.The new U.S. sanctions under President Joe Biden expand a previously signed Trump-era executive order to include specific potential restrictions on trade and inve...Read More

More near-term pain for copper companies despite strong fundamentals, analysts warn

October 25, 2022 / www.northernminer.com

Against a testing backdrop for base metals equities, analysts will be hawkeyed during the upcoming third-quarter earnings reporting, looking for key metrics such as cash flow and cash on hand amid an unforgiving funding environment.According to Haywood Capital Markets analyst Pierre Vaillancourt, considering the economic prospects and pressure on the equities in its coverage universe, Haywood rema...Read More

As Ontario joins clean energy talks, federal minister Wilkinson looks to streamline project approvals

October 25, 2022 / www.northernminer.com

Ontario has joined a country-wide consultation process to hammer out energy and mining strategies for transitioning to clean power using critical minerals, Canada's natural resources minister said on Tuesday.The province joins nine other provinces and territories who've already signed up for the ministry's Regional Energy and Resource Tables or said they will soon join the effort, Minister Jonatha...Read More

The Northern Miner Podcast - episode 314: 'Stick with it'-Chris Taylor on building and selling an exploration company at the Global Mining Symposium

October 25, 2022 / www.northernminer.com

This week's episode features Chris Taylor, advisor to the Discovery Group, in conversation with Northern Miner editor-in-chief Alisha Hiyate at the Global Mining Symposium. Chris was most recently CEO, President and Director of Great Bear Resources Ltd., which was acquired in February 2022 by Kinross Gold Corp. for $1.8B. Currently, Mr. Taylor is Chairman of TSX.V listed companies Kodiak Copper Co...Read More

Skeena expands 23 zone to surface at Eskay Creek with 96 metres of 1.2 g/t gold equivalent

October 25, 2022 / www.northernminer.com

Skeena Resources (TSX: SKE; NYSE: SKE) has completed this year's regional and near-mine exploration programs at the former Eskay Creek gold-silver mine in B.C.'s Golden Triangle.Skeena said the program extended the 23 zone of mineralization to the surface. Infill hole SK-22-1090 averaged 1.35 grams gold per tonne and 6.6 grams silver (1.2 grams gold equivalent) over 96 metres. The company also sai...Read More

Cypress tests world's first battery-grade lithium from hydrochloride process at Nevada plant

October 25, 2022 / www.northernminer.com

Cypress Development (TSXV: CYP) says it has successfully tested the world's first hydrochloric acid process to extract battery-grade lithium carbonate from clay at its half-a-billion-dollar project in Nevada.The Clayton Valley lithium project about 270 km northwest of Las Vegas is producing lithium carbonate at a 99.94% purity level, Cypress chief executive officer Bill Willoughby said in an inter...Read More

Aya secures US$100M financing for Zgounder mine expansion, shares rise

October 25, 2022 / www.northernminer.com

Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) has secured a US$100 million debt financing package to support the expansion of its Zgounder silver project in Morocco. The financing package comprises a senior debt facility of US$92 million from the European Bank for Reconstruction and Development (EBRD), plus a US$8 million tranche from Climate Investment Funds."We are thrilled to be partnering with...Read More

Foran boost from Fairfax early warrant exericse

October 25, 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)OREN driving tailings facility operators to be proactive in managing riskSPONSOREDorenExcitement as Alma Metals raises funds for more copper exploration SPONSOREDalma metalsThe five-year warrants...Read More

It's Worse Than You Think

October 25, 2022 / dailyreckoning.com

Fatih Birol is the executive director of the International Energy Agency (IEA). He's a doctorate-level engineer with a strong background in energy, power systems and energy economics.He has followed global energy markets for about 30 years and is worried that:The world has never witnessed such a major energy crisis in terms of its depth and its complexity. I believe we might not have seen the wors...Read More

Biden's Election Stunt Threatens National Security

October 25, 2022 / dailyreckoning.com

Gas prices have been rising again over the past few months. And you can expect them to shoot even higher after the upcoming midterm elections. Here's a major reason why, preceded by some background...The Strategic Petroleum Reserve (SPR) was established by President Ford in 1975 in the wake of the first Arab Oil Embargo in 1973 and a quadrupling of oil prices from 1973-1974. The idea was to protec...Read More

$TOITF $TOI:CA -

October 24, 2022 / Topicus.com

We build, acquire and manage industry specific software businesses which provide specialized, mission-critical and high-impact software solutions that address the particular needs of our customers.Read full newsRead More

Barrick Gold poised to expand African footprint

October 24, 2022 / www.canadianinvestor.com

Share this article TORONTO - Barrick Gold Corp. [ABX-TSX, GOLD-NYSE] said that with its North Mara and Bulyanhulu gold mines set to achieve combined production in excess of 500,000 ounces for the second year running, the company is looking to expand its East African footprint from this base.Barrick inherited North Mara and Bulyanhulu mines in Tanzania via its acquisition of a 36% stake in Acacia...Read More

Pure woes at Pure Gold

October 24, 2022 / www.mining-journal.com

With its share price languishing at 3c and current market conditions being difficult for gold equities, the company's expectation that some C$13 million could be raised through the November exerciseRead More

Zijin's Q3 profit falls on weaker commodity prices...

October 24, 2022 / www.mining-journal.com

The company's net profit for the three months was RMB4 billion (US$551.87 million), which is down 13.24% year on year. Earnings per share fell 12.70% to RMB0.155.Read More

US Treasury extends Nicaraguan mining sanctions

October 24, 2022 / www.mining-journal.com

A new Executive Order signed by President Joe Biden today gives Treasury the authority to target certain persons that operate or have operated in the gold sector of the Nicaraguan economy.Read More

Greenland looks to mining with Amaroq Minerals

October 24, 2022 / www.mining-journal.com

It has typically been seen as too far, too prohibitive and too costly to explore there.Read More

Who will go in the Rio Tinto board cull

October 24, 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)OREN driving tailings facility operators to be proactive in managing riskSPONSOREDorenExcitement as Alma Metals raises funds for more copper exploration SPONSOREDalma metalsUnsaid, but wide open t...Read More

Sodiam to Sell Biggest Pink Rough in 300 Years

October 24, 2022 / www.idexonline.com

(IDEX Online) - A huge pink diamond weighing 170.2 carats is to be sold next month at a rough tender by Sodiam, Angola's state-owned diamond trading company.The stone, named the Lulo Rose (pictured), was recovered by the Australia-based miner Lucapa and is believed to be the largest pink diamond found in the last 300 years.There is speculation that as a polished gem it could sell for as much...Read More

Gemfields Halts Ruby Mining Amid Mozambique Insurgency

October 24, 2022 / www.idexonline.com

(IDEX Online) - Gemfields has halted operations at its Montepuez ruby mine, in Mozambique, and evacuated the site after an attack on a nearby facility by rebels.Thousands of people have died since the start of the brutal Cabo Delgado conflict in October 2017, aimed at establishing an Islamic state in Mozambique.Gemfields said in a statement that "an attack attributed to insurgent activity has been...Read More

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