News and Reports

Ministers look to quicken energy transition shift, advance critical minerals strategy

July 08, 2022 / www.northernminer.com

Canada's mining and energy ministers have stressed the need to accelerate the nation's shift to clean energy systems and advance its critical minerals strategy as Russia's invasion of Ukraine continues to alter the global energy landscape. At an annual conference at St. John's in Newfoundland and Labrador, federal, provincial and territorial ministers discussed plans to increase Canada's ener...Read More

Chile helps Dominican Republic identify lithium deposits

July 08, 2022 / www.northernminer.com

Chilean experts from the mining ministry and the geology service Sernageomin met members of the Dominican Republic's senate this week to outline terms of a cooperation agreement aimed at helping the Caribbean nation identify possible lithium deposits."We have already conducted campaigns about...lithium in provinces including Barahona and Bahoruco, in zones where there are salt flats, and we hope t...Read More

Bank of America cuts base metal price forecasts on gloomy near-term outlook

July 08, 2022 / www.northernminer.com

BofA Global Research is lowering its price forecasts on key industrial metals for this year and next as headwinds including high energy prices, rising rates and slowing growth increase the risk of a global recession.The bank has cut its copper price estimate for 2022 by 12.5% to US$3.97 per lb. (US$8,750 per tonne) and by 24% to US$3.29 per lb. (US$7,250 per tonne) for 2023."Copper is most exposed...Read More

BHP loses appeal to multibillion lawsuit over Samarco disaster

July 08, 2022 / www.northernminer.com

BHP (ASX: BHP) said on Friday it had lost an appeal in a London court seeking to block an over ?5 billion (US$6 billion-plus) lawsuit by 200,000 Brazilians over a deadly dam failure in Brazil seven years ago.The group claim, one of the largest in British legal history, alleged that BHP, the world's largest miner by market value, ignored safety warnings as the dam's capacity was repeatedly increas...Read More

Aya completes design for processing plant at Zgounder

July 08, 2022 / www.northernminer.com

Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) has reached the first milestone in its proposed expansion of the Zgounder silver mine operations in Morocco: the completion of front-end engineering design (FEED), including flowsheet modifications, of a new 2,000 tonne-per-day flotation-CIP processing plant.The FEED phase saw the company check off many important items previously recommended by the Zgou...Read More

The Biggest and Most Profitable Myth About Gold

July 08, 2022 / www.outsiderclub.com

Here's a fun fact about me...I'm a real history buff. I love history. Always have. Always will. I've read thousand-page books on the Ottoman Empire. I've spent way more time than I should have researching World War I. And just last week, my father-in-law walked in on me watching a PBS special about the ancient civilizations of Mesopotamia. There are more embarrassing things for a person to admi...Read More

Solaris rallies on Ecuador exploration update

July 07, 2022 / www.canadianinvestor.com

Share this articleVANCOUVER - Solaris Resources Inc. [SLS-TSXV, SLSSF-OTCQB] shares rallied Thursday after the company released an exploration update that included reports of new regional targets in the vicinity of its Warintza copper project in southeastern Ecuador.The company said it has identified three new copper-molybdenum porphyry targets, five new skarn/carbonate replacement targets and a h...Read More

Ecuador peace seen as supportive of Solaris

July 07, 2022 / www.mining-journal.com

Ecuador is slowly recovering from more than two weeks of popular and deadly protests over rising prices.  Read More

Canada's Taseko collars copper price at $3.75-$4.72/lb...

July 07, 2022 / www.mining-journal.com

This collar was purchased in mid-June when the price of copper was approximately US$4.20 per pound, the firm said.Read More

Brazil simplifies rules on lithium exports

July 07, 2022 / www.mining-journal.com

Legislation signed by Brazilian President Jair Bolsonaro and published in the Diario Oficial da Uniao on July 6 removes the need for lithium exporters to obtain a permit from the National CommissionRead More

Peru sees higher mining investment

July 07, 2022 / www.mining-journal.com

Investments in the month of May totalled $443 million, 14% higher than the $389 million in the same month a year earlier.Read More

CEOs no guide to future outcomes

July 07, 2022 / www.mining-journal.com

Orexplore leads the pack in core analysisSPONSOREDorexploreAlmonty plans top tungsten production outside ChinaSPONSOREDalmonty industriesStars align for Tinka at AyawilcaSPONSOREDtinka resourcesAsian Battery Metals AllianceSPONSOREDaranjin resourcesEvery day, on business news channels like CNBC and Bloomberg, reporters are asking company chief executives for insights about the direction of the eco...Read More

Fancy Yellow Diamonds Found at Ellendale, Australia

July 07, 2022 / www.idexonline.com

(IDEX Online) - Fancy yellow diamonds have been discovered at the Ellendale mine, in Australia.Production ceased in 2015 when previous owner Kimberley Diamond Company went into liquidation, but India Bore Diamond Holdings (IBDH) and Burgundy Diamond Mines, both based in Australia, now have tenements there.IDBH said gravel from two separate layers of diamondiferous deposits had yielded a range of g...Read More

Petra's Fortunes Reversed as Rough Prices Rise

July 07, 2022 / www.idexonline.com

(IDEX Online) - Petra Diamonds saw its fortunes reversed at its June tender as rough prices rose by 7.7 per cent.In May the UK-based miner reported like-for-like rough diamond prices down by 23.7 per cent. It blamed "ongoing uncertainty around the impact of the conflict in Ukraine".The company sold 569,496 carats at its June tender, raising a total of $93m. At the May tender it sold more - 635,806...Read More

Nexa Resources ramps up in Brazil

July 07, 2022 / www.mining-journal.com

Orexplore leads the pack in core analysisSPONSOREDorexploreAlmonty plans top tungsten production outside ChinaSPONSOREDalmonty industriesStars align for Tinka at AyawilcaSPONSOREDtinka resourcesAsian Battery Metals AllianceSPONSOREDaranjin resourcesRamp-up activities are currently focused on steadily increasing the plant throughput rate with commercial production expected to start by the fourth qu...Read More

The Dollar Is a Victim of Its Own Success

July 07, 2022 / dailyreckoning.com

America's most powerful weapon of war does not shoot, fly or explode. It's not a submarine, plane, tank or laser. America's most powerful strategic weapon today is the dollar. The U.S. uses the dollar strategically to reward friends and punish enemies.The use of the dollar as a weapon is not limited to trade wars and currency wars, although the dollar is used tactically in those disputes. The doll...Read More

"The Writing Is on the Wall"

July 07, 2022 / dailyreckoning.com

"The writing is on the wall."This is the studied conclusion of a certain Frank Giustra, co-chairman of the International Crisis Group.What writing - precisely - adorns the wall?The writing is on the wall that some form of change is imminent, and a global monetary system reset may already be underway... the U.S. dollar feels like a lame-duck currency. It still rules, but the world is clearly jockey...Read More

Labrador Gold's shares gain on best grades cut at Kingsway to date

July 07, 2022 / www.northernminer.com

The Toronto-quoted equity of Labrador Gold (TSXV: LAB; US-OTCQX: NKOSF) closed 4% higher on Thursday after reporting the highest-grade intercepts to date from the flagship Kingsway project in Newfoundland.The company reports that hole K-22-174 intersected 284.1 grams per tonne of gold over 0.58 metres from 309.47 metres depth, and 15.05 grams per tonne over 1.11 metres from 310.71 metres depth.The...Read More

Canada's Top Ten precious metals juniors

July 07, 2022 / www.northernminer.com

The following companies are the Top Ten Canadian-headquartered precious metal juniors that are developing projects but are not yet in production, ranked according to market capitalization as of June 7 and compiled by Mining Intelligence. Royalty and streaming companies are not included in this list.1 NovaGold ResourcesMarket Cap: $2.1 billionEmployees at Novagold Resources and Barrick Gold's Donli...Read More

Asante pours first gold at Bibiani mine in Ghana

July 07, 2022 / www.northernminer.com

Asante Gold (TSXV: ASE) has poured first gold at its Bibiani gold mine in Ghana.The mine is expected to produce 175,000 ounces of the precious metal over the next 12 months.The news follows the commissioning of the processing plant and associated equipment at the mine in early June.The Vancouver-based company said this was the final operating area of the process plant to be commissioned, adding...Read More

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