News and Reports

Alamos begins gold production at Mexican mine

June 20, 2022 / www.mining-journal.com

Stacking rates continue to ramp up with leaching activities beginning earlier in June.Read More

Game, set and match to gold

June 20, 2022 / www.mining-journal.com

CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu mines  They are the fraud some people always suspected, though it took a blast of higher interest rates and an end...Read More

Alrosa Sticks to 35Mct Forecast, Despite Sanctions

June 20, 2022 / www.idexonline.com

(IDEX Online) - Alrosa says it will not lower its forecast production of up to 35m carats this year - despite sanctions and banking restrictions imposed over its invasion of Ukraine.It also said plans to re-open the Mir mine, where a flooding accident claimed eight lives in 2017, were still under consideration.The Russian miner, part-owned by the government, said it was on course to meet H1 2022 g...Read More

Leviev Bracelet helps Tinder Swindler Victims

June 20, 2022 / www.idexonline.com

(IDEX Online) - Three victims of Tinder Swindler Shimon Hayut are to recoup their financial losses through sales of a specially created Stronger Together bracelet.The $169 piece is being launched by Leviev Diamonds. Hayut, 31, from Israel, legally changed his name to Simon Leviev and falsely claimed to be CEO of the company.The Netflix documentary The Tinder Swindler, released in February, tells h...Read More

Violent Raiders Throw Staff to Ground in $1m Jewelry Heist

June 20, 2022 / www.idexonline.com

(IDEX Online) - Violent armed raiders left workers terrified when they stormed a jewelry store in New Jersey, USA, and fled with an estimated $1m or more of merchandise. The seven masked robbers threw staff to the ground as they ransacked display cases at Virani, specialists in antique-style Indian jewelry, in Iselin, New Jersey. Shocking CCTV images show a woman employee being forced to the groun...Read More

Sanctions on Russia: Surat Now Using 20% Lab Growns

June 20, 2022 / www.idexonline.com

(IDEX Online) - Lab growns now account for around a fifth of the diamonds used by manufacturers in India, according to reports.The switch from mined gems has been prompted by ongoing sanctions against Alrosa, together with demand form the US for cheaper goods, amid spiraling inflation.  Lab growns are 40 per cent cheaper.Among the beneficiaries are lab grown manufacturers in India, which...Read More

Ashley Kirwan on starting a data business 'at the worst possible time': Exclusive interview at the Mining Legends Speaker Series

June 20, 2022 / www.northernminer.com

When geologist Ashley Kirwan and her business partner Shastri Ramnath were thinking of starting a consulting company to support miners exploring projects through data in 2012, almost everyone they spoke with said it was a bad idea. She had just quit her job and the market wasn't encouraging for young entrepreneurs. And yet, the co-founder of Orix Geoscience followed her gut. "It was like the wo...Read More

Alamos Gold kicks off production at new Mexican mine

June 20, 2022 / www.northernminer.com

Canadian miner Alamos Gold (TSX: AGI) has begun production at its La Yaqui Grande mine in Mexico, following the completion of construction this month, slightly ahead of schedule.A total of 991 ounces of gold were produced from the initial pour, the company said, adding La Yaqui Grande, its second mine in Mexico, is expected to churn out roughly 3,000 ounces of gold in June.The figure has alread...Read More

JV Article: Argentina Lithium & Energy aims to make new lithium brine discovery at Rincon West in Argentina

June 20, 2022 / www.northernminer.com

Canadian explorer Argentina Lithium & Energy (TSXV: LIT; US-OTC: PNXLF) aims to advance new sources of high-quality lithium in Argentina to meet the growing demand for clean energy technologies powered by lithium-ion batteries.Argentina Lithium is part of the Grosso Group of companies, which has been a pioneer of mineral exploration in Argentina for nearly three decades.The Vancouver-headquarter...Read More

OBITUARY: Igor Levental - mining sage with deep passion for arts and learning

June 20, 2022 / www.northernminer.com

The mining universe has lost not only a wise and generous leader, but also a true renaissance man. Igor Levental, president of The Electrum Group and director of Novagold Resources and Gatos Silver, passed away suddenly and unexpectedly on June 10. Igor's mining career spanned more than 30 years, where he held numerous board and senior roles and was actively involved in many of our industry's m...Read More

Peruvian government to extend tax refund benefit to mining, oil exploration

June 20, 2022 / www.northernminer.com

During a presentation at the 2022 PDAC conference in Toronto, the Peruvian minister of economy and finance, ?"scar Graham, announced that his government will extend to 2025 the tax refund benefit to mining and oil exploration, which was scheduled to end in December 2022.According to Graham, the decision is based on the government's desire to guarantee the growth of the mining sector, which is resp...Read More

JV Article: Golden Arrow Resources aims to advance its flagship San Pietro project in Chile

June 20, 2022 / www.northernminer.com

Canadian explorer Golden Arrow Resources (TSXV: GRG; US-OTC: GARWF) holds a portfolio of precious and base metal projects in Argentina and Chile.Golden Arrow is part of the Grosso Group of companies, which has been working successfully in Argentina since 1993, where it has been involved in several major discoveries, including the Chinchillas silver deposit, now owned by SSR Mining (TSX: SSRM;...Read More

JV Article: Krux Analytics offers better data-driven decision making for the mining industry

June 20, 2022 / www.northernminer.com

Mining and mineral exploration companies are under increased pressure to improve drilling performance. More accurate drilling can benefit every aspect of a mining operation by making it smoother, safer, and more productive.Drill operators, however, are required to oversee streams of complex data, generate value from that data, and manage tasks in need of constant attention during operations, which...Read More

Green Envy: Buyers Paying $552,000 for $36,000 Patek Philippe

June 19, 2022 / www.idexonline.com

(IDEX Online) - A limited-edition Patek Philippe watch that was launched with a $35,893 price tag last April is now selling for up to $551,700. Demand for the rare, olive green-dialed variant of the Nautilus 5711/1A model has been so intense that buyers are prepared to pay more than 1,400 per cent over the odds on the secondary market. The market monitor Watch Charts currently reports $442,000 as...Read More

5-ct Paraiba Tourmaline has a $484,000 High Estimate

June 19, 2022 / www.idexonline.com

(IDEX Online) - A five-carat Paraiba tourmaline - one of the "newest" gemstone varieties - is to be auctioned at Bonhams Hong King with a high estimate of $484,000.Tourmaline was first discovered in the 1500s in a variety of colors. But vivid blue/green examples were only discovered in 1989.  They are called Paraiba after state in Brazil where they were found and can command significantly hig...Read More

Luxury Brands Cut Growth Forecasts for China to 3%

June 19, 2022 / www.idexonline.com

(IDEX Online) - Luxury brands have cut their forecasts for growth in China from 18 to per cent to just three per cent, as Covid lockdowns continue to shatter consumer confidence. Management consultants Oliver Wyman published their findings based on interviews with clients representing more than $50bn in retail sales of premium consumer and luxury goods in the country. "There is a huge doubt about...Read More

Codelco shuts Ventanas smelter

June 19, 2022 / www.mining-journal.com

Codelco maintains that the smelter meets environmental standards. However, operations ceased on June 6 when the company decided to bring forward maintenance work after episodes during which up to 100 local residents including children and adults experienced intoxication.Th copper producer created dialogue tables with the almost 350 workers and union representatives to transition them into other ro...Read More

Orla flexes Goldcorp history for GSV deal

June 18, 2022 / www.mining-journal.com

Non-executive chair Charles (Chuck) Jeannes, who lives in Nevada, began Glamis Gold which bought Goldcorp in 2006 for US$8.6 billion. Gold Standard Ventures' president and CEO Jason Attew was also at Goldcorp before moving on to investment banking at Bank of Montreal."Glamis started on open pit heap leach mines in Nevada. Our market message has been that we will begin [Orla] in a similar way, with...Read More

How Low Can You Go?

June 18, 2022 / dailyreckoning.com

Remember the limbo? It was a dance fad kind of like the Olympic high jump in reverse: Instead of leaping over a horizontal bar, you duckwalked under it to calypso music, with the crowd squealing, "How low can you go?"As it happens, in the culture of Western Civ, Limbo is also the name of a place on the edge of hell. Either way, you have an apt metaphor for the spot that the USA is in as we enter t...Read More

RT @humenm: Australia invokes emergency powers to block coal exports in energy crisis via @FT

June 17, 2022 / enterprise-sharing.ft.com

[FREE TO READ] Authorities permitted to keep supplies, if needed, after consumers told to turn off the lightsRead full newsRead More

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