News and Reports

Filo hits another monster

October 06, 2022 / www.mining-journal.com

Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipChaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesHole 67 was drilled within the mineral resource outline and intersected 1,131.6m grading 0.62% copper, 0.53 grams per tonne gold and 11.9...Read More

Collective hits best hole yet at Apollo

October 06, 2022 / www.mining-journal.com

The latest four holes reported included an intercept of 237.7m grading 2.Read More

Copper Mountain sells Oz assets to Harmony

October 06, 2022 / www.mining-journal.com

Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDMetal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedChaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Copper Mountain Mining will receive $170 million in cash on the closing of the transaction for the Australian...Read More

Little evidence to back portfolio model

October 06, 2022 / www.mining-journal.com

Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDMetal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedChaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Tiger Tasman is seeking between A$5.1 million and A$8.0 million in an initial public offer set to close on 17...Read More

De Beers' Sales Down to $500m Ahead of Diwali

October 06, 2022 / www.idexonline.com

(IDEX Online) - De Beers today said it sold $500m (provisional) of rough at Cycle 8, down over a fifth on the previous Cycle, but broadly in line with the same period last year ($492m).At the end of August UK-based miner announced sales (revised) of $638m, up more than a fifth on both the previous Cycle this year and on the same Sight last year.De Beers predicted a drop in a rough demand at the ti...Read More

EU Sanctions could Cost 10,000 Antwerp Diamond Jobs

October 06, 2022 / www.idexonline.com

(IDEX Online) - A European ban on Russian diamonds could cost 10,000 Belgian jobs, says the Antwerp World Diamond Centre (AWDC).Tom Neys, spokesman for the AWDC, told EUobserver the center was against an EU ban because Russia would welcome the opportunity to sell its diamonds in Dubai or India instead.He said Russia could switch export venues overnight and never return to Europe.Belgium's pri...Read More

Growth in US Watch and Jewelry Sales Hits Two-Year Low

October 06, 2022 / www.idexonline.com

(IDEX Online) - The growth in sales of US jewelry and watches hit a two-year low in August, at just 3.7 per cent.  That's according to the Department of Commerce, but it will likely be revised next month. The July figure, originally reported as 10.2 per cent - a significant rise on 5.3 per cent in June - has now been revised down to 5.9 per cent, based on actual through-the-till tra...Read More

Vale may sell 10-15% stake in metals business

October 06, 2022 / www.mining-journal.com

Chaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDMetal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedBritish broadsheet the Financial Times quoted unnamed sources as saying that Vale is in discussions to sell a...Read More

GMS: EY's Theo Yameogo on ESG and digital transformation - 'We need to communicate'

October 06, 2022 / www.northernminer.com

Are ESG ratings for miners clear enough? Are ESG principles clearly understood by most people? What role can digital transformation play in mining?Theo Yameogo, sector leader for EY Americas & EY Canada Mining & Metals joined a conversation centred on the evolution of ESG and digital transformation at The Northern Miner's Q3 Global Mining Symposium on Sept. 29.Towards unified principlesThe current...Read More

Chile files sinkhole-related charges against Lundin Mining

October 06, 2022 / www.northernminer.com

Chile's environmental regulator SMA filed four charges on Thursday against Lundin Mining (TSX: LUN) for a giant sinkhole that appeared in July above an underground copper mine operated by the Canadian miner in the country's north.The main infractions are related to extraction of ore beyond the permitted limits and construction outside of environmentally approved zones, the SMA said.The charges co...Read More

Filo Mining shares rise following new drills results from Aurora zone

October 06, 2022 / www.northernminer.com

Filo Mining (TSX: FIL; OTC: FLMMF) has provided results for one additional drill hole completed at its Filo del Sol project in San Juan, Argentina. The hole, FSDH067, was drilled into the Aurora zone, about 100 metres northwest of an earlier hole (FSDH058) that returned 1,251.5 metres at 0.56% copper, 0.41 gram gold per tonne and 6.6 grams silver from 100 metres down.Hole 67 has now followed up t...Read More

Horizonte Minerals flags cost increase at Brazil nickel project

October 06, 2022 / www.northernminer.com

Horizonte Minerals (TSX: HZM; AIM: HZM) said construction costs for its Araguaia nickel mine in northern Brazil have increased by 12.6% to US$537 million, up from the previous US$477 million estimate, due mostly to inflationary pressure.Horizonte started building the Araguaia nickel mine, which it acquired from Glencore in 2015, in May and remains on schedule."The company has also opted to invest...Read More

USGS, NASA to map southwestern United States for critical mineral potential

October 06, 2022 / www.northernminer.com

The U.S. Geological Survey (USGS) and NASA are teaming up to map portions of California, Colorado, Nevada, Arizona, New Mexico and Utah for critical mineral potential.The US$16-million, five-year, government-funded project will employ NASA's Airborne Visible/Infrared Imaging Spectrometer high-altitude earth remote sensing platform and MODIS/ASTER Airborne Simulator to collect hyperspectral data ov...Read More

Harmony Gold expands into copper with US$230M Eva project buy

October 06, 2022 / www.northernminer.com

South African miner Harmony Gold (NYSE: HMY; JSE: HAR) is expanding into the coveted copper market with the acquisition of Copper Mountain Mining's (TSX: CMMC; ASX: C6C) Eva project in Australia, in a deal worth US$230 million.The company said the project, situated in Queensland, adds 1.7 billion lb. of copper and 260,000 oz. of gold to its mineral reserves. It also helps Harmony Gold take a firm...Read More

De Beers sales dip seasonally, but demand still up on last year

October 05, 2022 / www.mining-journal.com

The company's eight sale cycle of 2022 saw rough diamond revenues of US$500 million. This is down 22% from the previous cycle, but still up 2% year on year.Read More

Artemis Gold raising $175 million for B.C. mine

October 05, 2022 / www.canadianinvestor.com

Share this article VANCOUVER - Artemis Gold Inc. [ARTG-TSXV] said Wednesday it is raising $175 million from equity offerings with proceeds used to fund permitting and development costs at the company's Blackwater Gold Project in central British Columbia.The company said in initial $86 million is being raised from a bought deal offering, under which the underwriters have committed to buy 19.1 mi...Read More

Aura posts Matupa gold feasibility

October 05, 2022 / www.mining-journal.com

Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDMetal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedChaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.The project will yield an after-tax net present value (NPV) of $96 million and an internal rate of return of...Read More

NovaGold confident on capital for Barrick venture

October 05, 2022 / www.mining-journal.com

Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDMetal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedChaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.NovaGold's third quarter cash and term deposits fell to US$132 million, down $10 million quarter-on-quarter.Read More

Artemis to raise C$175 million for Blackwater

October 05, 2022 / www.mining-journal.com

Chaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDMetal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedThe company will raise $86 million via a bought deal with National Bank Financial, as sole bookrunner and lea...Read More

Horizonte to raise ?61.7 mil for Araguaia

October 05, 2022 / www.mining-journal.com

Chaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDMetal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedThe fundraise, at a price of 90.5p per placing share, includes a placing to new and existing institutional in...Read More

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