(IDEX Online) - North Arrow Minerals reports "encouraging" results in its search for high-value fancy yellow to orange yellow diamonds in Canada's Arctic Archipelago.More than one in 10 of the diamonds bulk sampled last year from the Q1-4 kimberlite at the Naujaat Diamond Project are fancy color, it said.Of those, 90 per cent are orange and 30 per cent are classified as either "intense" or "v...Read More
(IDEX Online) - An extremely rare type of diamond has been discovered in Australia - but it will be of more interest to geologists than the gem industry.The "metamorphic diamonds" are invisible to the naked eye and can only be viewed with a laser and a microscope.Researchers from James Cook University, in Queensland, found them in rocks along the Clarke River Fault, west of Paluma in the north of...Read More
(IDEX Online) - Anglo American, parent company of De Beers, announced a slump in revenue and profits for the first half of 2022, as it struggled with Covid-related absenteeism, disrupted supply chains, weather extremes and economic volatility.The British diversified miner saw pre-tax profits fall by 33 per cent to $6.80bn and revenue down 17 per cent to $18.11bn.It faced "considerable challe...Read More
You may liken today's economy to an overswollen tick, obese with blood.Rather than blood, the economy is obese with debt.Like our ludicrously engorged arachnid, the economy cannot much expand. It is impossibly loaded down... groaning under the burden... horribly swaybacked.The economy will continue to wallow - unless it can shake off the weight. But how can it?Today we blow the dust off an ancient...Read More
"The increase in readily accessible, lower cost capital reflects the Company's growth and maturity and provides increased financial flexibility as we focus on delivering value to our shareholders inRead More
The miner, which originally joined the ASX in 2004, has gained approvals to delist on August 31. Local investors have one month to get their affairs in order.Read More
The overnight marketed public offering will issue 15.2 million shares priced at 66c each.Read More
Glencore's chief executive officer Gary Nagle used the firm's first-half production results today - which included a 4.5% downward revision in the firm's copper guidance for this year to 1.Read More
Look beyond market approach to project valuations: van ZylLeadershipAlicanto wows with maiden resourceSPONSOREDalicanto mineralsSavannah eyes major Li production in PortugalSPONSOREDsavannah resourcesMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDThe miner, which originally joined the ASX in 2004, has gained approvals to delist on August 31. Local investors have one...Read More
The disconnect between rising demand and stagnant supply growth is being reflected in continued upward pressure on critical mineral prices, the bank said.Read More
Alicanto wows with maiden resourceSPONSOREDalicanto mineralsSavannah eyes major Li production in PortugalSPONSOREDsavannah resourcesMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDOn July 19, the Vatican Secretariat for the Economy announced a new set of investment guidelines for the Holy See and the Vatican City State, with effect from September 1.Read More
The company's adjusted net earnings more-than-halved year on year to US$33.3 million in Q2, down from $67.1 million in the same period last year. On a per share basis, they fell to $0.17 from $0.37.Read More
Once considered a pariah, Bolivia is quickly gaining a reputation as an exciting jurisdiction for mineral exploration.First in was New Pacific Metals (TSXV: NUAG) which acquired the Silver Sand project in 2017 and signed a first-of-its-kind mining production contract with state mining firm Comibol for the surrounding 56-sq.-km land package. The company is now advancing the project in central Bol...Read More
Uranium Energy Corp. (NYSE: UEC) announced overnight that it had received a competing offer to acquire uranium exploration outfit UEX Corporation (TSX: UEX) and named Denison Mines (TSX: DML) as the bidder.UEC announced on June 13 an all-scrip bid of 0.0831 of one UEC share in exchange for each outstanding UEX share. It provides an implied consideration of $0.43 per UEX share, which is a 50% premi...Read More
This year's ranking of the top 10 U.S.-based juniors to mid-tiers (excluding precious metals and coal) based on market capitalization as of July 21 and compiled by our sister company Mining Intelligence features two new entrants - Brazil Minerals and Excelsior Mining.1 ENERGY FUELSMarket cap: $1.6 billion (US$1.2 billion)Headquartered in Colorado, Energy Fuels (TSX: EFR; NYSE: UUUU) is the leading...Read More
Eldorado Gold (TSX: ELD; NYSE: EGO) has reported an increase of 22% in operating costs for the three months to June 30 and a 26% jump in costs per ounce sold, forcing the miner to revise its consolidated cost guidance for the year.The company now expects operating costs to reach between US$700 and US$750 per ounce sold, while total cash costs were placed in the range of US$790 to US$840 per ounce...Read More
Zinc, the metal primarily used in the galvanizing process which protects iron and steel from rusting, may be facing a supply shortage as Europe has lost about half of its zinc and aluminum smelting capacity within the past year.Market analyst Fitch forecasts that global mined zinc production will grow moderately in 2022 as high prices encourage miners to expand output.Mining Intelligence data sh...Read More
It's been decades in the making. Everyone knows it. China and the United States have been on a collision course for 70 years - one that's been steadily accelerating over the past two decades.Two powers - one established (if not descending) and one aspiring - circling and testing each other until ultimately the subtext becomes text and the cold war suddenly turns hot.Even if that tension is just...Read More
Located about 65km northwest of Mt Magnet in this tier-one jurisdiction, the mine produced more than 80,000 ounces of gold in calendar year 2020 and Gascoyne is aiming to grow through its extensive pipeline of organic and inorganic opportunities, capitalising on the strategic regional location of its robust four-year-old processing plant.Managing director Simon Lawson summarises this philosophy in...Read More
Freegold Ventures Limited (Freegold) (TSX: FVL) (OTCQX: FGOVF) is pleased to announce results from an additional twelve holes ( 7,668m ) as part of the ongoing drill program designed to expand, upgrade and increase the overall resource grade at the Golden Summit Project (Read full newsRead More