Two of Canada's biggest mining companies are teaming up in Mexico at the San Nicolas copper-zinc development project, one of the country's largest undeveloped volcanic-hosted massive sulphide deposits and among the largest globally. Agnico Eagle Mines (TSX: AEM; NYSE: AEM) is taking a 50% interest in Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) subsidiary Minas de San Nicolas (MSN), which whol...Read More
Pentwater Capital Management LP, the second-largest investor in Turquoise Hill Resources (TSX: TQR) has increased its stake in the Canadian company while again rejecting Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO)'s $43-per-share offer for the 49% of the miner it doesn't already own.The activist investor disclosed it had bought around 1.24% of common stock at $41.01 per share in Turquoise Hill, for...Read More
Mining and commodities giant Glencore (LSE: GLEN) is said to be evaluating the addition of lithium to the suite of metals it trades, as the battery metal has become the driving force behind electric vehicles (EVs) and concerns over lack of supply continue to grow. The Swiss company would initially include lithium in its zinc and copper business run by Jyothish George and Nick Popovic, two unnamed...Read More
Coughlin sees better long-term fundamentals for the red metal than the yellow one.Read More
By this time next year, the post-lockdown dollar will be worth $0.70 or less, on the way to a half dollar. In a mere five years, the dollar will have lost half its domestic value, even as its value among international currencies will likely rise. The dollar remains the least ugly currency out there even as it has been systematically destroyed in only a few years.Still, the reality has not sunk in....Read More
The war in Ukraine took a surprisingly pleasant turn this week when Ukrainian forces conducted a counteroffensive to reclaim three major cities and huge tracts of land that had been occupied by Russia. In all, Ukraine has retaken about 3,500 square miles of territory from Moscow's forces in the Kharkiv region.In many cases, Vladimir Putin's troops fled before the Ukrainians even got there, s...Read More
Welcome to the Market Herald Video Q&A Podcast. I'm Brieanna McCutcheon. With...Read full newsRead More
Share this article VANCOUVER - Gold Mountain Mining Corp. [GMTN-TSXV, GMTKNF-OTCQB, 5XFA-Frankfurt] has outlined the start-up challenges it has faced at its 100%-owned Elk gold project near Merritt, British Columbia.During the second quarter ended July 31, 2022, the company mined 7,101 tonnes of ore and delivered 557 ounces of gold. The company said ore mining was slowed during the quarter as the...Read More
The latest estimate indicated mineral resource totals 95.9 million tonnes containing 94.4 million ounces of silver, 2.7 million tonnes of zinc and 1.2 million tonnes of lead.Read More
The Notice of Work (NoW) was filed by the firm in February this year but has not been approved.Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSORED"He has the right mix of geological, technical, financial and management skills to lead the development of the highly prospective Nickel Assets which Archer is in the process of acquiring," Archer director Micha...Read More
"Newmont considered the unprecedented and evolving market conditions, including the continued war in Ukraine, record inflation rates, the rising prices for commodities and raw materials, prolongedRead More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDWesthaven has also agreed to sell its Franco-Nevada the Talisker Resources NSR for $750,000, which was originally granted to Westhaven by Sable Resources.And Franco-Nevada has agreed to subscribe for 2.5 million...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDLast week, Benchmark Mineral Intelligence (BMI) sent out a message saying the world needed over 384 new mines by 2035 to keep up with demand for lithium ion batteries.Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSORED"When you look at mining in a modernised context, you have to be moving multiple pieces of infrastructure.Read More
(IDEX Online) - Belgium's prime minister yesterday told industry leaders that he remained opposed to sanctions on Russian diamonds.Alexander De Croo was addressing delegates at the two-day Facets 2022 convention in Antwerp, where Bruce Cleaver, CEO of De Beers, and Mokgweetsi Masisi, president of Botswana, were also among the speakers.Mr De Croo, (pictured) has repeatedly said his country wou...Read More
(IDEX Online) - Diamond Standard, the fintech startup that has turned diamonds into a market-traded commodity, has closed on a $30 million investment round.The US-based company launched an IPO last February, offering the first 5,000 diamond standard coins (pictured), weighing 4.5 carats for $5,000 each.It is standardizing diamond values with the coins - and now also with bars - which each contains...Read More
(IDEX Online) - At least three people died when a dam holding waste from a disused diamond mine burst in South Africa.Houses were swept away by a devastating mudslide and floodwaters at Jagersfontein, about 60 miles from Bloemfontein, in Free State province, at dawn on Sunday.An estimated 300 people have been left homeless as the area was covered in grey sludge from the tailings dump. Twenty-three...Read More
(IDEX Online) - The "courtesy watches" provided by Hublot to its customers have proved to be a victim of their own success.Owners have been so taken with the loan replacements - clearly marked "NOT FOR SALE" on the face - that they've held onto them and forfeited the timepiece they sent for service or repair.The black composite Atelier (French for workshop) with its quartz movement, has becom...Read More
A maiden inferred resource on Parks Salyer is due in October to be followed by infill drilling and metallurgical testwork leading to a rescoped prefeasibility study in mid-2023 incorporating ParksRead More