Shares in Savannah Resources (AIM: SAV) fell as much as 35% in early trading today after revealing the sudden exit of its chief executive and having to complete an additional environmental licensing step for its flagship Mina do Barroso lithium project in Portugal.The company said CEO David Archer was stepping down immediately after almost nine years in the post. He's being succeeded on an inter...Read More
The latest drill results from the Kay mine project in central Arizona demonstrate more intervals of gold and copper-rich sulphide mineralization, Arizona Metals (TSXV: AMC; US-OTC: AZMCF) reports.Results from 17 drill holes released today included 100.9 metres grading 1.24% copper, 1.54 grams gold per tonne, 1.56% zinc, 25.8 grams silver per tonne and 0.14% lead (2.54% copper-equivalent/4.16 grams...Read More
It's official. The Atlanta branch of the Federal Reserve now says it believes that the United States economy is in the midst of a recession.Last week, the Atlanta Fed revised its second-quarter GDP forecast into negative territory.On Thursday, the bank lowered its second-quarter GDP growth forecast from +0.3% to -1.0%. Then on Friday, the bank lowered its forecast again to -2.1%.The U.S. Bureau of...Read More
Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) (Read full newsRead More
Calgary, Alberta - Pine Cliff Energy Ltd. (TSX: PNE) (Read full newsRead More
Share this article VANCOUVER - SilverCrest Metals Inc. [SIL-TSXV, SVCMF-OTCQX] said Tuesday it has completed the first pour of silver and gold at the company's Las Chispas project in Sonora, Mexico.The first precious metal pour was completed on June 30, 2022, and consisted of 312 kilograms of dore with approximately 9,200 ounces of silver and 100 ounces of gold, the company said in a press releas...Read More
The pour, which happened on June 30, contained around 9,200 ounces of silver and 100 ounces of gold. Commercial production is set for the fourth quarter.Read More
Newmont Peñasquito will pay its represented workforce an uncapped profit-sharing bonus up to 10%, with an immediate cost equivalent of US$70 million, which is representative of the paymentsRead More
The US$75 million deal paves the way for the largest and highest-grade silver producer in the US to buy the largest and highest-grade silver reserve in Yukon, Canada.Read More
Orexplore leads the pack in core analysisSPONSOREDorexploreAlmonty plans top tungsten production outside ChinaSPONSOREDalmonty industriesStars align for Tinka at AyawilcaSPONSOREDtinka resourcesAsian Battery Metals AllianceSPONSOREDaranjin resourcesNo wonder all eyes are on Quellaveco, Anglo American's giant new copper mine in Peru, due to come on stream within weeks.Read More
(IDEX Online) - British stores run by TJ Maxx are cutting the price of diamond rings by as much as 75 per cent.The global budget retail chain, which brands its 350 UK stores as TK Maxx, is selling a $4,800 14ct white gold ring (pictured) with 0.90ct diamonds (no further details given) for $1,200.A 9ct gold ring with 1-ct tcw of diamonds (again, unspecified) is down from $3,700 to $1,200.The compan...Read More
(IDEX Online) - Four million viewers have watched a TikTok video of hapless romantic Ross Bamber, 26, dropping a $1,200 diamond engagement into a lake during a disastrous marriage proposal.Video shows the ring falling from its box as he prepares to slip it on to the finger of fianc?? (C)e-to-be Geri Ashforth, 23 after a candlelit meal for two."That wasn't what I thought it was, was it?" she a...Read More
(IDEX Online) - Amazon and Cartier are jointly taking legal action against a Chinese social media influencer and eight businesses accused of counterfeiting.They accuse defendants named in court papers as Phmn9y3v, Vfdnytu, Amazing Jewelry You Want, Miao-He and others, of selling luxury goods through Instagram and other websites, infringing on Cartier's registered trademarks and violating Amaz...Read More
Orexplore leads the pack in core analysisSPONSOREDorexploreAlmonty plans top tungsten production outside ChinaSPONSOREDalmonty industriesStars align for Tinka at AyawilcaSPONSOREDtinka resourcesAsian Battery Metals AllianceSPONSOREDaranjin resourcesThe has been placed with Swedish firm Epiroc. The US$700 million nickel and copper development is located below the existing Craig mine and is being de...Read More
Satellite surveillance by commodities broker Marex and the satellite service Earth-i in their geo-spatial product SAVANT showed reduced smelting activity in Chile as well as weak activity in China andRead More
The Pumpkin Hollow copper project owner has agreed non-binding terms for the loan with its senior lender KfW IPEX-Bank and its largest shareholder Pala Investments by way of a new tranche extension of the existing senior credit facility with KfW.The update follows Nevada Copper last week announcing that liquidity issues had resulted in the company suspending most mining activities and falling into...Read More
The shares of two Red Lake Gold Camp-focused 'close-ology plays' crashed on Tuesday after they made public that Barrick Gold (TSX: ABX; NYSE: GOLD) has named them parties in a statement of claim for $120 million for a cancelled exploration earn-in option on each of the companies' respective exploration projects.Dixie Gold (TSXV: DG) and Red Lake Gold (CSE: RGLD), each headed by CEO Ryan Kalt, reve...Read More
In an update on the recommissioning of its wholly owned Beaufor mine and Beacon mill, Monarch Mining (TSX: GBAR; OTC: GBARF) said it has begun feeding ore to the mill and expects to make its first gold pour this month.The Beaufor mine and Beacon mill are located about 20 km northeast of Val d'Or, Que., and have produced over 1.1 million oz. of gold since it first opened in the 1930s. Monarch acq...Read More
Shares of Rio2 (TSXV: RIO; US-OTC: RIOFF) on Tuesday reached their lowest value since March 2020 as Chile's regional evaluation commission, which includes 12 government bodies, again rejected the company's environmental impact assessment (EIA) for its Fenix Gold project in the Atacama region.The news comes days after the project's EIA was denied by the environmental assessment service (SEA), a nat...Read More
Africa-focused rare earths explorer Mkango Resources (TSXV: MKA) has reached a major milestone with the release of a definitive feasibility study for its Songwe Hill project in Malawi. Located 90 km from the commercial centre of Blantyre, the Songwe project is the cornerstone of Mkango's mine, refine and recycle strategy, underpinning the development of a proposed separation plant in Poland and co...Read More