News and Reports

The Northern Miner Podcast - episode 298: Central banks are buying gold at higher prices, ft CPM Group managing partner Jeffrey Christian

July 05, 2022 / www.northernminer.com

This week's episode features CPM Group managing partner Jeffrey Christian in conversation with host Adrian Pocobelli. Jeffrey discusses an increase in busyness in the precious metals market, as well as how central banks around the world are starting to buy gold at higher prices. He also explains why the G7 plan to ban Russian gold exports is largely symbolic with few real-world implications.All th...Read More

Hecla Mining acquires Yukon miner Alexco Resource in all-share deal

July 05, 2022 / www.northernminer.com

American silver producer Hecla Mining (NYSE: HL) has agreed to acquire all shares of Canadian Alexco Resource (TSX: AXU: NYSE-AM: AXU) it doesn't already own, in a deal that values the target's shares at US47 ? each.The Coeur d'Alene, Idaho-based miner, said the figure represents a premium of 23% based on Alexco's five-day volume weighted average price on the New York Stock Exchange on July 1.At...Read More

Two Red Lake hopefuls crater on brewing Barrick beef

July 05, 2022 / www.northernminer.com

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

Brazilian Nickel hits heap leach milestone at Piau?-

July 04, 2022 / www.mining-journal.com

Production for 2022 is guided for 300 tonnes of nickel and 3 tonnes of cobalt.Read More

Lahontan Gold drills 20.36 g/t gold over 25.9 metres at Santa Fe, Nevada

July 04, 2022 / www.canadianinvestor.com

Share this article VANCOUVER - Lahontan Gold Corp. [LG-TSXV] reported drill results from two reverse circulation rotary drill holes exploring the Santa Fe pit area of the 100%-owned 19-km2 Santa Fe project in the Walker Lane belt, Mineral County, Nevada. The two drill holes, totalling 518.2 metres, were completed in late 2021. These drill holes targeted northwest and down-dip step-outs from known...Read More

Analysts wary on Chile tax impact, constitution

July 04, 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 resourcesThe proposals from Chile's Treasury Department include a revenue-based royalty of 1%-2% and a profit-based royalty of 2%-32% dependent on the copper pr...Read More

Brazilian Nickel hits heap leach milestone at Piau?-...

July 04, 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 resourcesProduction for 2022 is guided for 300 tonnes of nickel and 3 tonnes of cobalt.Read More

JP Morgan sees copper price rebound

July 04, 2022 / www.mining-journal.com

"We expect accelerating China FAI [fixed asset investment] (on infrastructure and property) will favour iron ore and copper.Read More

Twiggy turns to gold

July 04, 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 resourcesForrest's attempt to spend A$168 million to acquire a 15% stake in Regis to build on an existing 4.9% position in the financially stretched gold produc...Read More

Used Rolex and Patek Philippe Prices Slump

July 04, 2022 / www.idexonline.com

(IDEX Online) - The prices of used Rolex Daytona watches, and other super-desirable luxury timepieces are falling for the first time since 2019, as the stock market and cryptocurrencies hit hard times.They're now changing hands on the secondary at well below their 2022 peak, although still for many times their original retail price.The Daytona 116500LN Black Dial (pictured) was selling for $4...Read More

Pastor Misses Court Date over $24m of Fake Cartier Bracelets

July 04, 2022 / www.idexonline.com

(IDEX Online) -  A US pastor failed to show for a court hearing after police seized thousands of fake Cartier bracelets from his church. The goods would have been worth $24.4m if genuine.Rev JianGang "Frank" Lan, of the Deer Park Community Church, in Chapel Hill, North Carolina, is reported to be in China.He was arrested in 2091 after police found more than 3,200 counterfeit bracelets.Accordi...Read More

IDEX Polished Price Index Declines Steadily in June

July 04, 2022 / www.idexonline.com

(IDEX Online) - The IDEX Polished Price Index continued its gradual decline through June, down by 1.18 per cent at the close of the month. The near-straight line slide was somewhat steeper than May, when it fell by 0.69 per cent. In April it declined by more than 2.1 per cent. Before that, January and February showed sharp increases, down by 5.67 per cent and 4.14 per cent respectiv...Read More

Nevada Copper woes mount

July 04, 2022 / www.mining-journal.com

The firm has been seeking additional funding, including a promissory note from its largest shareholder Pala Investments to develop its copper project in Nevada but warned "there can be no assuranceRead More

Nevada Copper arranges US$70M loan for Pumpkin Hollow, suspends underground mining work

July 04, 2022 / www.northernminer.com

In an effort to raise additional funds to continue operations at its Pumpkin Hollow copper mine in Nevada, Nevada Copper (TSX: NCU; OTC: NEVDF) has agreed to terms with its senior lender KfW IPEX-Bank and its largest shareholder Pala Investments for a loan of up to US$70 million by way of a new tranche extension to the existing senior credit facility with KfW. The funding would be provided by P...Read More

Rock Tech Lithium assays up to 1.37% Li2O from drilling at Georgia Lake

July 04, 2022 / www.northernminer.com

Rock Tech Lithium (TSXV: RCK; OTC: RCKTF) has released new assay results from ongoing drilling at its 100%-owned Georgia Lake lithium project in Ontario. Located between Nipigon and Beardmore, the Georgia Lake property comprises 1,042 hectares of mineral leases and 56.9 sq. km of mineral claims within the Thunder Bay mining district.Rock Tech began the drill program in 2021 in support of an ongoin...Read More

The view from England: The UK's burning decision on coal

July 04, 2022 / www.northernminer.com

Boris Johnson's government seems set to approve the first new underground coal mine in the U.K. for 36 years. Such an outcome (a decision is due by July 7) will be heavily criticized by environmental groups, but would be a welcome fillip for the British mining industry after 100 years of declining coal production.Coal mining has always attracted mixed emotions. The imminent planning decision on Wo...Read More

UK launches critical minerals data centre

July 04, 2022 / www.northernminer.com

The British government announced on Monday the creation of a centre to gather data and analyze information on the supply of critical minerals such as cobalt, lithium and graphite key for electric vehicle (EV) batteries and wind turbines.The Critical Minerals Intelligence Centre (CMIC), to be run by the British Geological Survey, will use the data to help to find ways to source minerals needed for...Read More

Brazen Sledgehammer Gang Steal Diamonds at Top Art Fair

July 03, 2022 / www.idexonline.com

(IDEX Online) - This is the dramatic moment when raiders armed with a sledgehammer smashed display cases at an international art fair in the Netherlands and fled with diamond jewelry.One shocked visitor at The European Fine Art Foundation (TEFAF) in Maastricht tried to grab a large vase of flowers to fend off the gang, but retreated when he was threatened with what appears to be a gun.Four gang me...Read More

US Watch and Jewelry Sales Level off in May

July 03, 2022 / www.idexonline.com

(IDEX Online) - The growth in US sales of jewelry and watches levelled off again in May, back to March levels after something of a spike in April. The year-on-year increase for May was 10.5 per cent, almost on a par with the newly-adjusted figure of 10.3 per cent for March. April was 16.2 per cent. These figures are still healthy compared with 2019, for example, when there was negative y-o-y growt...Read More

Canada extends minerals disclosure comment period

July 01, 2022 / www.mining-journal.com

The comment period will continue to September 13 from the original deadline of July 13 after feedback from stakeholders.Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok