News and Reports

An Overview of Quebec Gold Mining

April 2020

In this report we outline the Quebec gold mining industry, including its major producers, and a survey of many of the junior miners focused on the province. Quebec accounts for 34% of Canadian gold production (second to Ontario, with 44%) and remains a major focus for both producers and junior miners.Read More

An Overview of the Red Lake Mining District

January, 2020

Red Lake has been one of the most prolific gold mining districts in Canada and the world, with exploration having started in the 1920s, and production, which began in the 1930s, continuing to the present day. The district is known for the high grade of its gold, its infrastructure, and strong institutional support, given the long history of mining in the area.Read More

Trump administration opens up Minnesota wilderness area to copper mining

May 15, 2019 / www.mining.com

The U.S. Interior Department on Wednesday renewed two mineral leases near the Boundary Waters Wilderness area in Minnesota, a key step in opening the popular wilderness and recreation area up to copper mining despite heavy opposition from local and national conservation groups.The department's Bureau of Land Management granted the hardrock mineral leases inside the Superior National Forest to Twin...Read More

Hundreds rally in Colombia against Minesa's gold project

May 12, 2019 / www.mining.com

About 50,000 people rallied this week in the Colombian city of Bucaramanga to express their opposition to the Soto Norte gold project.The $1.2-billion project, proposed by Sociedad Minera de Santander or Minesa, is located in the north-central Santander department, just outside the Pramo de Santurbn, an area of the Andes mountains covered with subalpine forests above the continuous tree line but b...Read More

Gold Prices Edge Up Ahead of Crucial Trade Talks

May 10, 2019 / www.investing.com

Investing.com - Gold prices edged up on Thursday in Asia as traders nervously await the start of two-day trade talks in Washington later in the day to see if Chinese negotiators could convince the White House to back down on a possible tariff hike on Chinese imports.Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were up 0.1% at $1,282.65.Gold's ri...Read More

US, allies propose financing for power plant for Papua New Guinea gold mine

May 06, 2019 / www.mining.com

The United States and a group of Pacific allies are proposing to finance a power plant to kick-start the Wafi-Golpu mine in Papua New Guinea, one of the world's largest untapped gold resources, two sources familiar with the plan said.The proposal would be the first to be funded by a partnership of the United States, Australia, New Zealand and Japan that pledged to support electricity projects in P...Read More

#Gold demand up 7% in Q1, boosted by central banks, India

May 03, 2019 / bit.ly

Continued gold buying from central banks and the wedding season in India helped to boost gold demand in Q1.Read full newsRead More

Scientists decipher the origin of Nevada's 'fool's gold'

May 03, 2019 / www.mining.com

A team of German scientists published a paper this week where they state that, following a series of lab experiments, they discovered that the concentration of gold in the so-called 'fool's gold' is directly dependent on the content of arsenic in the pyrite where the gold is encrusted.Fool's gold is very common in the Carlin-type gold deposits that are found in Nevada. In those areas, which are re...Read More

The Northern Miner nominated for two national journalism awards

May 01, 2019 / www.mining.com

Two stories published by The Northern Miner in 2018 have been nominated for the 2019 National Magazine Awards: B2B.Northern Miner editor-in-chief John Cumming got the nod in the "Best Profile of a Company" category for his look at Toronto-based Black Iron (TSX: BKI) in the feature site-visit article, "Black Iron advances Shymanivske premium iron ore project in Ukraine."Northern Miner senior staff...Read More

1,500 trapped miners at Sibanye's Rustenburg mine rescued

April 30, 2019 / www.mining.com

About 1,800 workers were trapped at Sibanye-Stillwater's Rustenburg platinum mine in South Africa earlier today after an accident halted operation of a shaft used to transport workers.The company says 1,500 out of the 1,800 miners that were working the shift have now been brought to the surface, and the remaining miners are gradually being hoisted after an inspection confirmed it was safe.Concerns...Read More

Newmont Goldcorp Suspends Operations at Peasquito Polymetallic Mine

April 29, 2019 / www.miningstockreport.com

Bloomberg BNN is reporting that Newmont Goldcorp has suspended operations at the Penasquito Mine, due to a dispute with local truckers. Penasquito is the 5th largest silver mine in the world and the largest gold mine in Mexico.This is the second time in recent years where a dispute has led to a disruption of mining operations at the mine. In October of 2017, a week-long protest led by truckers who...Read More

Cobalt price collapse hits Sherritt's earnings - shares drop

April 26, 2019 / www.mining.com

Investors dumped Nickel and cobalt miner Sherritt International's (TSE: S) shares on Friday, after the company released first quarter earnings.Sherritt reported record first quarter nickel and cobalt production at its Cuban JV. In Q1 2019 nickel production was 4,397 tonnes, up 54% from last year, while finished cobalt was 426 tonnes, up 27%. The combined nickel and cobalt total for Q1 2019 marks...Read More

Gold Prices Edge Up After Slew of U.S. Data; All Eyes on GDP

April 27, 2019 / www.investing.com

Investing.com - Gold prices edged up on Friday after the release of a slew of U.S. economic data overnight.Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.2% at $1,281.85 per ounce by 1:16 AM ET (05:16 GMT).The U.S. Department of Labor reported that initial jobless claims rose by 37,000 to a seasonally adjusted 230,000 for the week ende...Read More

Coal hurts Anglo American's Q1 production, 2019 guidance unchanged

April 25, 2019 / www.mining.com

Anglo American (LON: AAL) released its first quarter production results on Thursday, reporting decreased production numbers, mostly because of planned disruptions at its metallurgical coaldivision, where production dropped 25%."Production is 6% lower in the quarter, with two planned longwall moves at metallurgical coal accounting for 80% of the reduction," chief executive Mark Cutifani said in a s...Read More

Gold Prices Slip on Strong Earning Reports and U.S. Housing Data

April 25, 2019 / www.investing.com

Investing.com - Gold prices slipped on Wednesday in Asia, pressured by strong earning reports stateside and strong U.S. housing data released overnight.Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.1%, at $1,271.75 per ounce by 1:40 AM ET (05:40 GMT).A wave of better-than-expected earnings results from U.S.-listed companies including...Read More

BHP cuts FY iron ore production guidance as cyclone hits output

April 16, 2019 / www.mining.com

BHP Group, the world's biggest miner, on Wednesday cut its annual iron ore production forecast on disruptions caused by a tropical cyclone which pushed its quarterly output of the steel-making material 5 percent lower.The Anglo-Australian miner lowered projections for its fiscal 2019 iron ore production to 265 million-270 million tonnes, from 273 million-283 million tonnes.Iron ore output came in...Read More

Protesters block road used by Hudbay to transport copper in Peru

April 14, 2019 / www.mining.com

For a few hours on Sunday, some 40 people from the farming community of Tacrara, located in the Cusco department in southern Peru, blockaded a road used by Canadian miner Hudbay Minerals (TSX, NYSE: HBM) to transport copper from its Constancia project to the Port of Matarani.Local media report that about 60 trucks carrying mineral were being prevented from leaving Cusco's Espinar province. The pro...Read More

Newmont shareholders OK $10 billion Goldcorp takeover, creating biggest gold producer

April 13, 2019 / dlvr.it

Newmont Mining shareholders on Thursday approved the company's $10 billion ...Read full newsRead More

Gold Prices Slip Despite IMF's Outlook Update

April 11, 2019 / www.investing.com

Investing.com - Gold prices slipped on Wednesday in Asia even as stocks declined after the International Monetary Fund (IMF) downgraded its economic outlook and puts growth forecast at the lowest levels since 2009.Gold futures traded on the Comex division of the New York Mercantile Exchange were down 0.1% to $1,306.65 an ounce by 11:10 PM ET (03:10 GMT).Asian equities and other risk assets fell on...Read More

Gold stocks still marching

April 07, 2019 / www.mining.com

The gold miners' stocks are still marching, grinding higher on balance in a solid upleg. While interest in this sector has faded since late February, it is nicely set up for a strong rally. After consolidating high and establishing a sturdy base, the gold miners are likely to soon report greatly-improved first-quarter results. Couple that with gold itself powering higher, and the slumbering gold s...Read More

Hunt for Canada's vast diamond riches reaching an end

April 04, 2019 / www.mining.com

The story of how two prospectors, down to their last nickels, discovered diamonds in Canada's frozen north is the stuff of legend.Back in 1982, Chuck Fipke and Stewart Blusson laid low in a pup tent by day while their competitor De Beers hauled 45-gallon drums of rock samples to a nearby outpost for transport to South Africa. Using the long hours of summer sunlight north of the 65th parallel, the...Read More

World's largest iron ore port expects higher exports post Vale

April 03, 2019 / www.mining.com

With a market facing a global deficit that was unforeseen at the start of the year, the world's biggest iron ore export port is flagging a timely boost in shipments as Fortescue Metals Group Ltd. and rivals bring on new mines in Australia's remote Pilbara region.The projected shortfall comes in the wake of Vale SA's January dam disaster in Brazil, which prompted the biggest producer to forecast ou...Read More