News and Reports

Brixton Metals drills 1.02% CuEq over 40 metres at Thorn, British Columbia

August 16, 2022 / www.canadianinvestor.com

Share this articleVANCOUVER - Brixton Metals Corp. [BBB-TSXV; BBBXF-OTCQB] reported its first drill hole results from the Camp Creek copper-gold-silver-molybdenum porphyry target on its wholly owned Thorn project located in northwestern British Columbia. The Thorn project is located within the Taku River Tlingit and Tahltan First Nation's traditional territory.Highlights include Hole THN22-201 tha...Read More

Nevada Copper faces working capital sinkhole

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

The company's June quarter financial statements reported a working capital deficit of US$359 million, more than triple the $95 million hole at the end of the March quarter.Read More

Magna to buy Lonmin Canada

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

Lonmin's main asset is the Denison project and past producing Crean Hill nickel-copper-platinum group metals mine in Sudbury in Ontario, Canada which is 37km east of Magna's Shakespeare project.Read More

Zijin's profits surge as projects complete

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

Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdWith all projects meeting their schedules, Zijin reported production for the six-month period of 410,000 tonnes copper and 27 tonnes gol...Read More

Is Glencore about to spin off Agri business?

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

Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdGlencore's CEO Gary Nagle said last year the company was reviewing the future of its 49% in Viterra with a view to unlocking value, and...Read More

Alexco shareholders urged to take Hecla deal

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

Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltd"The transaction makes strategic sense as shareholders will benefit from jurisdictional and project risk diversification, enhanced finan...Read More

Prof Uses Laser to ID Argyle Pinks

August 16, 2022 / www.idexonline.com

(IDEX Online) - An Australian professor is using laser technology to identify "stray" Argyle pink diamonds.John Watling, a former Argle physicist and Professor of Forensic and Analytical Chemistry at University of Western Australia has set up a lab in Perth that "fingerprints" diamonds.It allows him to trace them back to their original source - not just the mine, but the individual kimberlite pipe...Read More

Ivanhoe Mines delivers record profit

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

Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdThe Q2 profit compares to a loss of $108.6 million for the same period in 2021 and includes the company's share of profit from the Kamoa...Read More

Tiffany Launches Gender-Neutral Diamond Bracelets

August 16, 2022 / www.idexonline.com

(IDEX Online) - Tiffany & Co has announced a gender-neutral range of diamond and gold bracelets.It follows the launch last May of its first range of engagement rings for men, recognizing the rise in same-sex marriages.The new Lock collection, released on Tiffany's e-commerce site last Friday, is designed a round a padlock motif as a symbol of togetherness.The four bracelet styles, priced...Read More

Pandora Launches Lab Grown Range with Recycled Gold and Silver

August 16, 2022 / www.idexonline.com

(IDEX Online) - Pandora today announced the launch of a lab grown diamond collection in the US and Canada, following its announcement last May that it would no longer use mined gems.The Danish jewelry giant also says the 33-item collection, branded as Pandora Brilliance is its first using 100 per cent recycled silver and gold.Pandora, the world's largest jewelry brand, with 6,800 points of sa...Read More

Raiders Steal 16,000 Diamonds from Factory in India

August 16, 2022 / www.idexonline.com

(IDEX Online) - Raiders broke open the safe at an Indian polishing unit and stole over 16,000 diamonds.They struck while it was closed for the Raksha Bandhan festival on 11 August.The factory in Dediapada, 70 miles from Surat, employs 100 workers in an area dominated by tribal communities.The raid came to light when a manager went to open the factory after the festival and found the main doors had...Read More

BHP won't pursue OZ 'at any cost'

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

Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdThe $25 per share proposal was sent to ASX-listed OZ on August 5 and disclosed on August 8, with OZ rejecting it as inadequate and denyi...Read More

S&P lifts Glencore's outlook from stable to positive

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

Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdThe credit ratings agency said the view is based on Glencore's financial policy and low debt, which allows it the flexibility to absorb...Read More

Pure Gold management faces the music following 'torturous' Q2 report

August 16, 2022 / www.northernminer.com

Pure Gold Mining (TSXV: PGM; US-OTC: LRTNF) management was fielding uncomfortable questions from concerned shareholders during a conference call Tuesday following the company's release of what investors termed a 'tortuous' second-quarter operations update and financial report.While the company cited an expected "significant improvement in production" in the third quarter, it says it remains on tra...Read More

Canada poised to benefit as the elephant next door goes green

August 16, 2022 / www.northernminer.com

Suddenly, the United States is getting serious about climate change, the green energy transition and the supply of critical minerals needed to make it happen.The Inflation Reduction Act, passed in early August, contains US$430 billion in spending - about US$280 billion of that focused on clean energy incentives intended to fight climate change and speed up adoption of EVs and renewable energy.This...Read More

Cost inflation hit miners' Q2 results but might signal an attractive buyback chance, says BMO

August 16, 2022 / www.northernminer.com

Many miners have raised their unit cost guidance during their June-quarter financial reporting, signalling an intensification of a trend BMO Capital Markets Metals & Mining analyst Jackie Przybylowski first picked up on during the first quarter this year.On a by-product basis, the analyst attributes the cost inflation mainly to higher primary product commodity prices (which would raise royalty cos...Read More

Galleon Gold begins engineering at West Cache in Ontario

August 16, 2022 / www.northernminer.com

Galleon Gold (TSXV: GGO) is making progress in permitting of a bulk sample and other activities at its 100% owned West Cache gold project in Timmins, Ont., with the company beginning engineering work that will provide a basis for tendering the mining work and a closure cost estimate and recovery plan as per provincial regulations.West Cache is situated in the western Porcupine gold camp along the...Read More

Benchmark PEA projects $493M capex for 12-year open pit mine at Lawyers

August 16, 2022 / www.northernminer.com

Benchmark Metals (TSXV: BNCH; OTC: BNCHF) has completed a preliminary economic assessment (PEA) on its flagship Lawyers gold-silver project that presents a robust open pit mining scenario with attractive economics at base case gold and silver prices.The project's after-tax net present value (at 5% discount) is estimated at $577 million, with an internal rate of return of 23.5% and 2.7-year payback...Read More

Magna Mining to acquire Sudbury nickel-copper-PGE assets in 'transformational' deal

August 16, 2022 / www.northernminer.com

Magna Mining (TSXV: NICU) has entered into a definitive share purchase agreement to acquire Lonmin Canada (Loncan), whose assets include the Denison project and the past-producing Crean Hill nickel-copper-PGE (platinum group elements) mine, both located in Ontario's Sudbury basin.Magna will pay a total of $16 million for the assets, as per a share purchase agreement between Magna, Loncan and curre...Read More

Taseko may raise more for Florence

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

The 2017 Florence economic study gave a $200 million initial capital cost which the company aims to finance through cash flow and debt.Read More

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