News and Reports

Artisanal gold mining in South Africa is out of control. Mistakes that got it here

August 11, 2022 / dlvr.it

Artisanal gold mining is highly organised and rule-bound. Men, women and even children participate a hierarchy sustained by a web of buyers, sponsors and customers.Read full newsRead More

More departures from SolGold

August 11, 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 mineralsSaridas, previously CFO of Coronado Global Resources, started with SolGold on June 27. The company said her resignation was e...Read More

Western Australia's nickel Game of Thrones

August 11, 2022 / www.mining-journal.com

The dramatic change to the commodity landscape in recent years seems to have created somewhat of a power vacuum for the relative upstart commodity and spurred a race to claim the nickel throne.Read More

K92 impresses with "monster maiden resource"

August 11, 2022 / www.mining-journal.com

Investor Insight: InterGroup MiningSPONSOREDintergroup miningSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedAlicanto wows with maiden resourceSPONSOREDalicanto minerals"This resources declaration is the fifth largest known mineralized porphyry in Papua New Guinea in terms of pre-mined contain...Read More

Lundin Gold's Q2 hit by strike but guidance improves...

August 11, 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 mineralsAdjusted net earnings fell to US$13.49 million for the period, which is down from $74.8 million a year earlier.On a per share...Read More

Centerra Gold slumps on Oksut permit woes

August 11, 2022 / www.mining-journal.com

The stock fell 22% day on day to close the 10 August session at C$6.28/share (US$4.91). It's less than half the value it was in mid-April and at the lowest levels seen since January 2019.The company recorded an adjusted net loss of US$36.2 million from continuing operations for Q2, which is down 146% from earnings of $49.9 million for the same period last year.On a per share basis, that was a loss...Read More

Peru mining investment increases

August 11, 2022 / www.mining-journal.com

Investment mainly went to development (54%), exploration (38.4%) and infrastructure (23.4%) said the ministry in its Mineral Statistics Bulletin.Read More

Pan American Silver misses earnings, costs surge

August 11, 2022 / www.mining-journal.com

The firm posted adjusted earnings per share (EPS) of minus $0.03 in the second quarter, lower than the market consensus of $0.Read More

Stavely boss sees copper hitting $10

August 11, 2022 / www.mining-journal.com

Investor Insight: InterGroup MiningSPONSOREDintergroup miningSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedAlicanto wows with maiden resourceSPONSOREDalicanto mineralsCairns disclosed his copper market view while speaking to investors recently about his exploration endeavours in western Vict...Read More

i-80 earnings slide in Q2

August 11, 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 mineralsOn a per share basis, the company recorded a loss of $0.09, with that having dropped for a loss of $0.03 a year earlier.Canac...Read More

Green Jadeite Bead Necklace Sells for $2.3m

August 11, 2022 / www.idexonline.com

(IDEX Online) - A necklace set with 35 green jadeite beads and 7.70-cts of white diamonds sold for $2.3m at Sotheby's Hong Kong.It was the top seller in an Important Jewels auction that realized a total of $18.1m.Jadeite, a more valuable form of jade, is among the priciest of gemstones, and can be more expensive than diamonds.In 2014, a jadeite bead necklace that belonged to Woolworth he...Read More

Lucara's Profits Double Despite Economic Uncertainties

August 11, 2022 / www.idexonline.com

(IDEX Onlie) - Lucara says profits more than doubled for the last quarter, up from $6m to $12.5m as the strength of the market outweighed economic uncertainties.The Canada-based miner reported a 13 per cent increase in revenue for the three months ending 30 June, up from $46.3m to $52.3m (figures are US dollars).It said strong rough and polished diamond market fundamentals were continuing, despite...Read More

Spate of Raids on New Zealand Jewelers

August 11, 2022 / www.idexonline.com

(IDEX Online) - Staff at jewelry stores in Auckland, New Zealand, have been targeted in a series of brutal raids in recent weeks.A worker is receiving counselling for the trauma, and one owner has closed their store as a result, according to the Stuff news website.Video from one raid (see pic) shows perpetrators running to their getaway car in broad daylight. One of them, armed with a ha...Read More

Antofagasta output still under pressure from water shortages

August 11, 2022 / www.mining-journal.com

Revenues for the first half of 2022 were down 30% to US$2.53 billion from US$3.59 billion in the first half of 2021.Read More

Franco-Nevada in energy windfall, countering metals fall

August 11, 2022 / www.mining-journal.com

Second quarter EBITDA came in at US$301.2 million, above the market consensus of $296 million and 4% higher than the same quarter a year earlier.Read More

Prismo prepares to drill-test Palos Verdes near-surface high-grade shoot

August 11, 2022 / www.northernminer.com

Prismo Metals (CSE: PRIZ) is preparing to drill-test an important near-surface target at its flagship Palos Verdes gold project in Sinaloa state, Mexico, after receiving an extension to its environmental permit in late July.The drill program is designed to test the Palos Verdes vein and a structural intersection with a second vein at depths where the company believes it can test a prominent, highe...Read More

Fuse Cobalt, Electra enter MOU for raw material supply

August 11, 2022 / www.northernminer.com

Fuse Cobalt (TSXV: FUSE; US-OTC: FUSEF) has signed a memorandum of understanding with Electra Battery Materials (TSX: ELBM; NASDAQ: ELBM) for the supply of raw cobalt material.Fuse is exploring the Teledyne and Glencore Bucke projects located in Cobalt, Ont., which are near Electra's cobalt sulphate refinery in Temiskaming Shores.The MOU contains the framework of a future transaction that would se...Read More

Monarch increases M+I resource base by 39% following Croinor update

August 11, 2022 / www.northernminer.com

Monarch Mining (TSX: GBAR; US-OTC: GBARF) has released a mineral resource estimate for its 100% owned Croinor gold project located 55 km east of Val-d'Or, Que. The resource estimate is based solely on potential underground mining and was prepared using all available information, including results from the latest drilling programs.Resources in the measured and indicated category amount to 903,600 t...Read More

Lucara starts shaft-sinking at Karowe mine expansion project

August 11, 2022 / www.northernminer.com

Lucara Diamond (TSX: LUC) is moving towards the main shaft sinking phase of the underground expansion project at its Karowe mine in Botswana, which will extend the operation's life for 20 years - until 2040.The company said it had invested US$29.1 million in the project during the three months to end-June, with activities focused on the sinking of the main shaft and construction of the upgraded tr...Read More

Ukraine war crisis offers Canada an opportunity to lead with responsible mining

August 11, 2022 / www.northernminer.com

Russia's invasion of Ukraine has shone a spotlight on energy security throughout Europe and the Americas. World leaders are finally paying attention to their reliance on Russia for energy and critical minerals, and they don't like what they see. Sanctions against Russia should continue and depending on how long and drawn out the invasion is, they may heighten. To date, Russian gold has been targe...Read More

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