Canadian explorer Skyharbour Resources (TSXV: SYH) has inked a cash and shares deal to acquire an initial 51% stake in Rio Tinto's (NYSE: RIO; LSE: RIO; ASX: RIO) Russell Lake uranium project, in Saskatchewan.The Vancouver-based junior miner has the option of becoming the sole owner of the property, which is in the uranium-rich Athabasca basin, between two of Orano Mining's properties and near Cam...Read More
The bear is stirring. And why not? The scent of blood is in the air, after all.The Nasdaq tripped out of the gate to start the year. More than a bear market, tech stocks are down 28% YTD. Now the Dow and S&P are faltering, too, on the brink of bear territory with respective declines of 14% and 18%.It's hard to watch. No one likes to see their stocks go down. But on the other hand, we all knew th...Read More
On April 19, 2022, Xanadu Mines Ltd announced a strategic partnership to progress its Kharmagtai copper-gold project in Omnogovi Province. Under the agreement, Zijin Mining Group Co. will invest in both Xanadu and the project directly.At the corporate level, Zijin will invest A$11.3 million into Xanadu in two tranches. An initial placement on April 27 saw Zijin receive 139 million shares at an iss...Read More
The revised credit facility also includes "sustainability-linked metrics".Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.The company reported an intersept of 420m grading 0.Read More
IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.Kropz set to fly after false startSPONSOREDkropzPredictive Discovery to forge a golden future in GuineaSPONSOREDpredictive discoveryAs part of a non-brokered private placing, Agnico will increase its stake to 19.7% from 13.3% on a partially-diluted basis assuming the e...Read More
Look beyond market approach to project valuations: van ZylLeadershipIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.Predictive Discovery to forge a golden future in GuineaSPONSOREDpredictive discoveryThe revised credit facility also includes "sustainability-linked metrics".Read More
IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.Kropz set to fly after false startSPONSOREDkropzPredictive Discovery to forge a golden future in GuineaSPONSOREDpredictive discoveryRio already owns 51% of Turquoise Hill, the owner of 66% of the Oyu Tolgoi copper-gold mine in Mongolia.The company made a $2.7 billion,...Read More
Anglo American sees a shortfall of an annual 18 million tonnes between refined copper demand and committed mine copper supply and copper scrap in smelting by 2040.Read More
IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.Kropz set to fly after false startSPONSOREDkropzPredictive Discovery to forge a golden future in GuineaSPONSOREDpredictive discoverySince the end of March, the S&P 500 share price index has fallen 13.Read More
(IDEX Online) - Alrosa's sales of high-value diamonds to wealthy investors in Russia have increased significantly since sanctions and hard currency restrictions were imposed.The miner, part-owned by the government, launched its Diamond Exclusive program, in partnership with private banks, three years ago.Instead of selling its largest and clearest fancy color stones and colorless gems over 3-...Read More
(IDEX Online) - Investigators in India probing an alleged $20m diamond scam are seeking help from authorities in Hong Kong.The Central Bureau of Investigation (CBI) has sent judicial requests for assistance after diamonds were allegedly imported with vastly-inflated fake invoices as part of a money laundering racket.Three customs officers at Mumbai International Airport and another 14 individuals...Read More
(IDEX Online) - Mountain Province Diamond (MPD) says it has found kimberlite in three out of four locations during a winter exploration program at its Kennady North project in Northwest Territories, Canada, on the edge of the Arctic Circle.It has released interim results on its search for new kimberlites, based on a detailed analysis of ground and airborne geophysics, kimberlite indicator minerals...Read More
"We appreciate having quickly attained Stage 1 agreement with Rio Tinto's Nuton team and look forward to further advancing the MacArthur and Yerington projects," Lion's CEO Travis Naugle said.Rio is to provide US$3.75 million in funding to Lion for the Mason Valley project development and exploration. Rio has the option to earn a 65% interest in the assets.The deal was made following Rio's Nuton l...Read More
Aftermath Silver (TSXV: AAG) has reported several drill holes intersecting shallow mineralization at the Berenguela silver-copper-manganese project in Peru's Department of Puno. Highlights from the 14 drill results included 5.2 metres grading 70 grams silver per tonne, 5.03% copper, 13.9% manganese and 0.19% zinc starting from 58.9 metres in drill hole AFD-010 and 9.4 metres grading 424 grams si...Read More
In the U.K., despite horrendous inflation and gloomy economic forecasts, we are preparing to party. To mark the beginning of a four-day Platinum Jubilee celebration, thousands of beacons are being lit across the land at 9:45 pm on Thursday, June 2. Queen Elizabeth II actually reached her 70 years on the throne back in February (as I wrote at the time) but, ever pragmatic, we delayed the celebratio...Read More
Max Resource (TSXV: MAX; OTC: MXROF) has raised $15.3 million through a private placement of 25.5 million units at a price of 60 ? per unit to advance its flagship Cesar copper-silver project in Colombia.Each unit comprises one common share and one common share purchase warrant, with each warrant exercisable for one year at a price of 85 ?. Net proceeds of the financing will be used for drilling a...Read More
South African miner Gold Fields (NYSE: GFI; JSE: GFI), already dealing with the effects of inflation and the relocation of endangered chinchillas at its Salares Norte gold project in Chile, is now facing potential sanctions from the country's environmental regulator due to the death of specimens of culpeo fox in the area.The Superintendency of the Environment (SMA) has ordered the company to imple...Read More
In May 1997, the editorial staff of The Northern Miner broke one of its own rules and bought an equity position in Bre-X Minerals. Journalists normally aren't allowed to buy shares in companies they cover, but this paper spent $60 about 25 years ago to secure share certificates that could be framed. This, so that the newsroom never forgets the Busang scandal and Graham Farquharson's role in une...Read More
In May 1997, the editorial staff of The Northern Miner broke one of its own rules and bought an equity position in Bre-X Minerals. Journalists normally aren't allowed to buy shares in companies they cover, but this paper spent $60 at the time to secure share certificates that could be framed. This, so that the newsroom never forget the Busang scandal and Graham Farquharson's role in unearthing...Read More