News and Reports

Guanajuato discovers high-grade gold and silver material at El Cubo, Mexico

June 22, 2022 / www.canadianinvestor.com

Share this articleVANCOUVER - Guanajuato Silver Company Ltd. [GSVR-TSXV; GSVRF-OTCQX; VAQ-FSE] has discovered high-grade gold and silver material in an historical tailings area at the wholly owned El Cubo mine complex in Guanajuato, central Mexico.A 43,000-square metre, 1.0-1.5-metre thick layer of high-grade surface material has been identified from a retired tailings facility named Mastrantos IV...Read More

Collective adds Apollo to Olympus in Colombia

June 22, 2022 / www.mining-journal.com

Drill hold APC-1, which is the first ever diamond drill hole to test the Apollo target, resulted in 87.8 metres @ 2.49 g/t gold equivalent, the Toronto-headquartered firm said. Read More

Argentina-focused lithium developer hit by ceo exit...

June 22, 2022 / www.mining-journal.com

The departure of former chief executive Steve Promnitz sparked uncertainty in the market on the future direction of the firm and the status of his 10.Read More

Making a Mint-o in Yukon

June 22, 2022 / www.mining-journal.com

Exploration resumed in 2021 after a decade hiatus under previous operators, with the company planning 30,000m of drilling this year as it seeks to build on the 23 million tonnes grading 1.37% copper Minto resource. Some 60% of the resource is not in the current mine plan.The company has identified priority targets including possible extensions to underground mining areas at Minto North II, Minto E...Read More

Perpetua backs US critical minerals move as defense...

June 22, 2022 / www.mining-journal.com

Voting on the NDAA is scheduled for later this year and is expected to include increased US government support for the mining and processing of critical minerals, including antimony, and to increaseRead More

Rio opens "breath-taking" new mine

June 22, 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 minesAbout 100 guests were invited to the opening yesterday, including Banjima Traditional Owners and Western Australian...Read More

Getting boots back on the ground

June 22, 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 minesBut attending the Mining Indaba in South Africa, which itself is back after being suspended for over two years, it...Read More

De Beers Sales up to $650m at Sight 5

June 22, 2022 / www.idexonline.com

(IDEX Online) -  De Beers today announced $650m (provisional) of rough sales at its fifth sales cycle of 2022 - up over a third on last year amid ongoing sanctions against Russia.The UK-based miner attributed the rise in sales to positive sentiment in the US and China's gradual emergence from Covid lockdowns, but made no mention of its biggest rival, Alrosa.De Beers reportedly hiked the...Read More

Standard Color Code Launched to Grade Aquamarine

June 22, 2022 / www.idexonline.com

(IDEX Online) - The Asian Institute of Gemological Sciences (AIGS) has launched what it believes is the first standardized color code for aquamarine.It aims to introduce third-party objectivity in a gemstone market where the all-important color is often described with ambiguous terms such as greenish blue or blue.The AIGS Santa Maria color code takes its name from the legendary Santa Maria de Itab...Read More

TAGS Sells $25m of the $35m Rough on Offer

June 22, 2022 / www.idexonline.com

(IDEX Online) - Trans Atlantic Gem Sales (TAGS) reports $25m sales from its June rough tender, up from $20m in April, but well below the company's $75m record in March.Around 30 per cent of goods, all from southern African mines, remained unsold in Dubai, amid what the company described as a mood of "cautious optimism".Smaller goods - in short supply because of sanctions on Alrosa - were in h...Read More

East Africa set to join superpower contest

June 22, 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 minesTanzania, Mozambique, and Madagascar are amongst east African states that have attracted investment in critical min...Read More

Brazil's Vale to spend US$400mn on dams

June 22, 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 minesThe dam elimination program, which began four years ago, has already cost the company $857 million of the $4 billio...Read More

Southeastern Europe explorer lists on CSE

June 22, 2022 / www.mining-journal.com

The company listed on June 20 and on June 21 had a share price of C$0.15 (US$0.12) and market capitalization of C$11.03 million.Read More

Surge Copper's Ootsa M&I resources soar

June 22, 2022 / www.mining-journal.com

The Ootsa measured and indicated resources now stand at 439 million tonnes grading 0.32%, which is up 96% compared to a 2016 estimate.The update also shows 138 million tonnes grading 0.28% CuEq in the inferred category.The MRE update is based on a drill hole database of about 152,000 metres of drilling, including about 50,000 metres drilled since 2018. The pit constrained resources are at both the...Read More

Global Copper Snapshot: Eight companies exploring for the red metal

June 22, 2022 / www.northernminer.com

Copper is essential for the global shift towards decarbonization. However, declining ore quality, mine closures, and the absence of additional investment in new copper supplies could lead to a significant shortfall over the coming decades. Below are eight companies exploring and developing new sources of the red metal.ATEX RESOURCESThe LF230 rig drills hole ATXD-17 in the foreground with hole ATXD...Read More

Collective Mining aims to intensify drilling after new copper-gold discovery at Guayabales

June 22, 2022 / www.northernminer.com

Collective Mining (TSXV: CNL) has reported the discovery of a new copper-gold-silver deposit at its Guayabales project in Caldas, Colombia. Drillhole APC-1, the first diamond drill hole to test the Apollo deposit and among its eight porphyry-related targets, returned an intercept of 87.8 metres grading 0.88 gram gold per tonne, 61 grams silver and 0.39% copper starting from 291.60 metres, includi...Read More

De Beers latest sale shows stronger US and Chinese demand

June 22, 2022 / www.northernminer.com

De Beers, the world's top diamond producer by value, saw improved sales in its latest auction, despite moving into the summer, which are generally considered a weaker period for roughs demand.The Anglo American unit sold US$650 million of diamonds in its fifth sale of 2022, slightly up from US$604 million at the previous event this year, but higher than the US$477 million it sold this time last y...Read More

Hudbay marks end of Flin Flon mining era with closure of 777 operations

June 22, 2022 / www.northernminer.com

Hudbay Minerals (TSX: HBM; NYSE: HBM) has wrapped up mining activity at the 777 zinc-copper mine in Flin Flon, Man., after 18 years of steady production. Closure activities at the mine, where reserves have been mined out, have begun, and employees and equipment are transitioning to the company's operations in Snow Lake."777 was a state-of-the-art mine that represented the pinnacle of a century of...Read More

Electra begins preliminary talks on second cobalt refinery

June 22, 2022 / www.northernminer.com

As part of its growth strategy in support of the onshoring of electric vehicle supply chains in North America, Electra Battery Materials (TSXV: ELBM; NASDAQ: ELBM) has begun preliminary discussions with the government of Quebec to build a new cobalt refinery in B?(C)cancour, Que., that will integrate with an emerging battery materials park in the province.Electra has been focused on creating Nor...Read More

Chile copper workers begin nationwide strike over smelter closure

June 22, 2022 / www.northernminer.com

Chilean state-owned copper producer Codelco, the world's largest, was hit on Wednesday by a nationwide strike against the miner's decision to close permanently an allegedly polluting smelter in the country's central zone.Unions demand that, instead of shutting down Ventanas, the company upgrades it. Codelco's decision followed an environmental incident that saw dozens of people fall ill, the mine...Read More

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