News and Reports

US Watch and Jewelry Sales Bounce Back

June 05, 2022 / www.idexonline.com

(IDEX Online) - US sales of jewelry and watches rallied somewhat in April - up just over 18 per cent year-on-year - after a relatively disappointing performance in March.  Sales for March, previously reported at just 8.5 per cent, have been revised up to 11 per cent, taking account of actual rather than estimated sales. Even so, they were the lowest since August 2020.  Hav...Read More

GoldQuest appoints Luis Santana Pereyra as CEO

June 03, 2022 / www.mining-journal.com

Due to formally commence the role on or before September 1, Santana will be based in Santo Domingo and will initially be responsible for working towards getting an exploration license for the RomeroRead More

McEwen feels "clubbed" as challenges rolled in

June 03, 2022 / www.mining-journal.com

COVID-19-related issues and a shortage of manpower in 2021 at its Gold Bar operations in Nevada, USA and Fox in Ontario, Canada added to a previous litany of woes which have included fire, equipmentRead More

Chile lithium tender falls, state company to rise

June 03, 2022 / www.mining-journal.com

Having brushed aside requests from the incoming administration of president Gabriel Boric to suspend the tender process, the Pinera government awarded parcels totalling 160,000 tonnes of lithiumRead More

MMG suspends Las Bambas

June 03, 2022 / www.mining-journal.com

Workers decided it was their turn to take to the streets to protest at the inability of the government to help find a solution to the social conflicts which have dogged the mine since it beganRead More

Alphamin boosts inferred tin resource at Mpama South by 46%

June 03, 2022 / www.northernminer.com

Tin producer Alphamin Resources (TSXV: AFM; US-OTC: AMFJF) has released an updated resource estimate for the Mpama South tin project in the Democratic Republic of Congo, highlighting a 46% increase in the inferred category based on assays from 22 additional extensional drill holes.The Mpama South inferred resource now stands at 4.99 million tonnes grading 2.5% tin for 124,700 tonnes of contained t...Read More

NevGold extends gold mineralization at its Limousine Butte project in Nevada

June 03, 2022 / www.northernminer.com

Shares of NevGold (TSXV: NAU) reached their highest value in nearly a month as the company released its latest drill results from the Cadillac valley target area at its Limousine Butte project in Nevada. The latest results from the company's ongoing 10,000-metre drill program included a drill hole (CV22-006) that intercepted gold about 650 metres away from previously known mineralization. The co...Read More

Asante Gold starts Bibiani mine processing plant

June 03, 2022 / www.northernminer.com

Canada's Asante Gold (TSXV: ASE; US-OTC: ASGOF) has begun operations of the processing plant and associated equipment at its Bibiani gold mine in Ghana.The gold exploration and development company plans to carry out a 14-day evaluation period during which it will control, calibrate operating systems and align critical equipment "under full load."Bibiani, which Asante acquired last year from Aust...Read More

Odds 'n' Sods: Lies, damn lies, and visual estimates

June 03, 2022 / www.northernminer.com

Ask most professional geologists to define our rocky vocation and they'll tell you that it's made up of a large helping of science with a tasty dollop of art slathered on top. To me, that's why exploration geology is a such lovely discipline. It combines the empirical beauty of observation with the subtlety of multi-disciplinary science. Like it or not though, our industry often bets the house on...Read More

Maritime closing in on feasibility for Hammerdown gold project

June 03, 2022 / www.northernminer.com

Maritime Resources (TSXV: MAE) has provided an update on its 100%-owned Hammerdown gold project, which it is advancing towards the feasibility stage, after finalizing the project design and obtaining most of the pricing information for key project components.The project, located in the Baie Verte mining district of Newfoundland and Labrador, is designed as both an open pit and underground mining o...Read More

We Need to Escape This Living Hell

June 03, 2022 / www.outsiderclub.com

One week isn't enough time to get over a mass shooting - especially one like the heartless masacre that savaged Uvalde, Texas, on May 24.See, when it first occurred, I couldn't even really begin to grapple with it. I couldn't think about it or talk about it.It took time for all that grief and pain to set in. And then I spent most of this week writing my way through the depression, trying to figure...Read More

Goldquest names Pereyra as new CEO

June 02, 2022 / www.canadianinvestor.com

Share this article VANCOUVER - Goldquest Mining Corp. [GQC-TSXV] has announced the appointment of Luis Pereyra as the company's new CEO. Following a transition period, he will take up the new position on or before September 1, 2022. Pereyra, who is also expected to join the board of directors, will initially be responsible for working towards securing an exploitation license for the company's...Read More

Trillium to acquire Panama Lake

June 02, 2022 / www.mining-journal.com

At closing, Trillium is to pay St Anthony C$500,000 (US$394,666) in cash and issue 1 million shares in its capital.Read More

Augusta appoints Jim Wickens as operations VP

June 02, 2022 / www.mining-journal.com

"The only way these projects can be advanced on time and within budget is with well-connected, quality staff and management.Read More

Free Trade Deal Axes Tariffs on Israel's Diamond Exports to UAE

June 02, 2022 / www.idexonline.com

(IDEX Online) - Tariffs on most diamonds and jewelry exports from Israel to the United Arab Emirates will be abolished as the two countries establish closer ties.A free trade agreement signed on Tuesday will further boost trade links between the two countries. Business has flourished since it was officially sanctioned by the Abraham Accords of August 2020.Tariffs on food, medicine, fertilizers&nbs...Read More

Slight Fall for IDEX Polished Price Index

June 02, 2022 / www.idexonline.com

(IDEX Online) - The IDEX Polished Price Index fell very slightly during May, ending the month down just 0.69 per cent.  In April it declined by more than 2.1 per cent. Before that, January and February showed sharp increases - 5.67 per cent and 4.14 per cent respectively. The Index has been declining since the first week of March.IDEX Online subscribers please click here to rea...Read More

Manufacturers Turning to Lab Growns, says Botswana Minister

June 02, 2022 / www.idexonline.com

(IDEX Online) - Manufacturers will increasingly turn to lab growns to fill supply gaps caused by sanctions against Russia.Botswana's minister of minerals and energy, Lefoko Moagi, told a mining conference it would be hard to source enough natural diamonds to replace Alrosa's missing output."We see the 30 per cent gap that will be left by the ban being plugged by something else that is no...Read More

Sabina reports 'strong' drill results from Goose as it advances construction in Nunavut

June 02, 2022 / www.northernminer.com

Sabina Gold & Silver (TSX: SBB) has reported high-grade results from the final drill holes of the 2022 spring drilling program at the Goose property on its 100%-owned Back River project in Nunavut. Highlights from drilling included 45.1 metres grading 12.59 grams gold per tonne starting from 123.6 metres in hole 22GSE607 and 20.4 metres grading 12.64 grams gold starting from 146.4 metres in hole...Read More

BofA identifies the prime causes of violent metal short squeezes

June 02, 2022 / www.northernminer.com

New analysis published by Bank of America Global Research has found on-warrant metal inventories and net non-commercial positions as the leading metrics that could signal the risk of violent short squeezes on above-ground metals supplies.The bank's Global Research team undertook correlation and principal component analyses to determine which market metrics would have signalled the next metal squee...Read More

Wesdome cuts new high-grade mineralization at Kiena gold mine in Quebec

June 02, 2022 / www.northernminer.com

Wesdome Gold Mines (TSX: WDO) reported high-grade results from its drill program at the Kiena mine complex in Val d'Or, Que., as the company continues to move forward with its goal of boosting the project's resources. Highlights from the drill results included 50.7 metres, with an estimated true width of 5.5 metres, grading 92.11 grams gold per tonne, starting from 94 metres in hole 6796W6; and...Read More

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