News and Reports

TNM Drill Down: Top gold assays of the week Aug 4-12

August 15, 2022 / www.northernminer.com

Our weekly TNM Drill Down feature focuses on the top gold assays of the past week. Assays are ranked by gold grade x width, as identified by our sister company Mining Intelligence.Top gold assays Aug 4-12, as identified by Mining Intelligence.This week's best gold drill intercept comes from Tudor Gold's (TSXV: TUD) Treaty Creek property in British Columbia.On Aug. 11, Tudor announced it had re-ent...Read More

Turquoise Hill rejects Rio Tinto's US$2.7B takeover offer

August 15, 2022 / www.northernminer.com

Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) has rejected majority shareholder Rio Tinto's (NYSE: RIO; LSE: RIO; ASX: RIO) bid to buy the 49% stake it doesn't already own in the company for US$2.7 billion, saying it did not reflect its full and fair value.The decision by the special committee appointed by Turquoise Hill blocks Rio Tinto's efforts to gain greater control of the giant Oyu Tolgoi c...Read More

Winter Is Coming

August 15, 2022 / dailyreckoning.com

The war in Ukraine has dragged on for six months and will likely last for many more months or possibly years if the U.S. doesn't end its policy of "fighting to the last Ukrainian."Attention spans have waned. Americans have adjusted to the energy price shocks (in fact, energy prices have come down a lot in the past month). Complacency about the war has set in.But that's a huge mistake.In reality, t...Read More

Diamond Mine Workers Sacked after No-Pay Protest

August 14, 2022 / www.idexonline.com

(IDEX Online) - At least 43 diamond workers have been sacked at the Murowa mine, in Zimbabwe, say union leaders.They protested after subcontractors failed to pay their wages for five months, according to the Zimbabwe Diamond and Allied Minerals Workers Union (Zdamwu).The mine workers arrived at the premises of their employer, subcontractors Capfire Private Limited, but were barred from entry and s...Read More

Business Booming at India's Second Lab Grown Trade Show

August 14, 2022 / www.idexonline.com

(IDEX Online) - Buyers placed orders worth $88m at India's second Lab-Grown and Jewellery Exhibition, say organizers.The four-day event in Mumbai attracted over 100 exhibitors and 25,000 visitors. "We see great potential in the lab grown diamond industry," Rajesh Bajaj, convenor of the Lab-Grown Diamond and Jewellery Promotion Council (LGDJPC) told the Indian Express."Even buyers from Ho...Read More

Raid at Company Linked to Alexkor Corruption Probe

August 14, 2022 / www.idexonline.com

(IDEX Online) - Hard drives and documents have been seized in a raid on the Alexander Bay Diamond Company, in Johannesburg, South Africa.It's part of an investigation into alleged corruption at Alexkor, the state-owned diamond firm, and its links to the super-wealthy Gupta family - described by the US Treasury as "members of a significant corruption network".Alexkor appointed the Alexander Ba...Read More

Something Weird About the Raid on Trump's Estate

August 13, 2022 / dailyreckoning.com

The strangest thing happened this week.On Monday evening, Aug. 8, news broke that earlier in the day the FBI had sent a large, armed raiding party to the Florida home of former President Donald Trump. News accounts reported at least 30 agents on site. Photos showed several G-men slinging automatic rifles.Then the next morning, Tuesday, Aug. 9, the price of gold barely moved from a recent trading l...Read More

enCore clears Dewey Burdock legal hurdle

August 12, 2022 / www.mining-journal.com

The US Court of Appeals for the Circuit of the District of Columbia ruled lawful a prior decision by the US Nuclear Regulatory Commission to grant enCore subsidiary Powertech Uranium an extractionRead More

enCore clears Dewey Burdock legal hurdle

August 12, 2022 / www.mining-journal.com

Investor Insight: InterGroup MiningSPONSOREDintergroup miningEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdAlicanto wows with maiden resourceSPONSOREDalicanto mineralsThe US Court of Appeals for the Circuit of the District of Columbia ruled lawful a prior decision by the US Nuclear Regulator...Read More

Sibanye-Stillwater lifts US costs, doubts M&A

August 12, 2022 / www.mining-journal.com

Chief executive Neal Froneman also used a presentation of the company's US operations to highlight that current market conditions did not support mergers and acquisitions activity in the goldRead More

Wheaton downgrades production guidance

August 12, 2022 / www.mining-journal.com

"While not without its challenges, our diverse portfolio once again delivered strong operating cash flow and an attractive dividend yield, highlighting the resiliency of the streaming model to the inflation pressures currently being felt across the global economy," Wheaton's president and CEO Randy Smallwood said.The company's adjusted net earnings for the three-month period fell 7% year on year t...Read More

Victoria Gold faces inflation, recruitment challenges

August 12, 2022 / www.canadianinvestor.com

Share this article VANCOUVER - Victoria Gold Corp. [VIT-TSXV] on Friday said production at its flagship Yukon mine for 2022 is expected to be close to the lower end of the company's original guidance of between 165,000 ounces and 190,000 ounces.The forecast is contained in the company's second quarter financial report and is attributed to increased unplanned downtime within the crushing and con...Read More

Agnico adds US$30M to 2022 exploration budget

August 12, 2022 / www.mining-journal.com

The company said drilling across its properties is delivering and it has expectations that its 2022 reserve and resource estimates will report record levels, above those seen in 2021 when it reportedRead More

5E Advanced Materials secures US$60mn

August 12, 2022 / www.mining-journal.com

Under the financing deal, Bluescape has agreed to purchase $60 million aggregate principal amount of senior secured convertible notes due 2027 which will be convertible into shares of the 5E's commonRead More

Sibanye-Stillwater lifts US costs, doubts M&A

August 12, 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 ltdChief executive Neal Froneman also used a presentation of the company's US operations to highlight that current market conditions did no...Read More

Wheaton downgrades production guidance

August 12, 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"While not without its challenges, our diverse portfolio once again delivered strong operating cash flow and an attractive dividend yiel...Read More

Cobalt blues could be a warning for lithium

August 12, 2022 / www.mining-journal.com

Until mid-May prices for the two metals ran on parallel tracks, largely because they share a common market in batteries for electric vehicles (EVs) and consumer electronics but also because supply forRead More

Argonaut's earnings fall as costs rise

August 12, 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 company's adjusted earnings per share fell to US$0.02 in Q2, which is down from $0.07 a year earlier."We were slightly ahead of our...Read More

Fortuna Silver's Q2 earnings miss estimates

August 12, 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"Our business generated healthy free cash flow of US$21.9 million in spite of declining metal prices in the quarter and the compounding...Read More

Previously guided 65,000-70,000 GEOs for this yearGold and Silver News

August 12, 2022 / www.mining-journal.com

Higher production will be supported by a gold royalty payment from the Hod Maden gold-copper mine in Turkey.Read More

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