News and Reports

Failed eruptions play a role in the creation of porphyry copper deposits

May 16, 2022 / www.northernminer.com

Porphyry copper deposits are largely produced by mechanisms similar to those causing large volcanic eruptions, new research by the University of Geneva has found.In a paper published in the journal Communications Earth & Environment, the scientists behind the discovery say that at a time when current copper resources are dwindling, their finding opens up new avenues for the development of tools to...Read More

JV Article: Hudbay Minerals' long and successful history in Manitoba continues with its Lalor mine near Snow Lake

May 16, 2022 / www.northernminer.com

The city of Flin Flon in Manitoba has a rich and storied history of mining that began when gold was discovered around Amisk Lake at the start of the 20th century - the first major discovery of gold west of Ontario since the Klondike gold rush of the 1890s. The focus then shifted to base metals when, according to local legend, in 1915, a prospector named Tom Creighton discovered a massive copper-z...Read More

Crypto Money Is Flooding the Stock Market

May 16, 2022 / www.outsiderclub.com

Dear Outsider,Markets rallied Friday to give a much-needed boost to the retail investor.Not sure investors could deal with another down day, as things would have gotten even worse.But for now, at least, it averted a bear market for the S&P 500.That's because we had some crazy buying activity during this market correction.Most notably, after-hours last night, crypto billionaire Sam Bankman-Fried di...Read More

Russia Accused of Selling Gold on Black Market

May 15, 2022 / www.idexonline.com

(IDEX Online) - Russia stands accused of selling party of its huge $140bn stockpile of gold on the black market, as it seeks to evade sanctions imposed by the US, EU and UK (the world's biggest gold-importing nation).The Switzerland-based Global Initiative Against Transnational Organized Crime says in a report that illicit gold markets and gold laundering are compelling options for Moscow, as...Read More

Liberian Miners Learn the Basics of Diamond Valuation

May 15, 2022 / www.idexonline.com

(IDEX Online) - Artisanal diamond miners in Liberia have received basic training in grading and valuing gems.The move, by the Japanese NGO Diamonds for Peace, is designed to help them avoid exploitation, and to negotiate a fair price for their stones.A trainer from the UK spent two days teaching a group of 25 miners from communities in the northern counties of Bomi and Gbarpolu. Many particip...Read More

Brilliant Earth Q1 Sales up 41%

May 15, 2022 / www.idexonline.com

(IDEX Online) - Brilliant Earth, the US-based "ethical jeweler", has reported $100m of sales in the first three months of 2022, a year-on-year increase of 41.5 per cent.It predicts another strong performance in Q2, despite ongoing geopolitical uncertainties.Net income for the quarter was $3.4m and adjusted EBITDA was $8.4m. The company is forecasting net sales of $450m to $470m for the full year,...Read More

Chile miners sigh relief

May 15, 2022 / www.mining-journal.com

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 discoveryThe proposal contained in Article 27 was for mining concessions to be awarded by an administrative body rather than by the courts as is c...Read More

RT @marketheraldCa: Five stories of the week for Friday from @datametrex @BaselodeE and more. Check out now:

May 14, 2022 / ow.ly

The main stock index of Canada fell to a ten-week low on...Read full newsRead More

Local beneficiation key to Africa's future: AFC head...

May 14, 2022 / www.mining-journal.com

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 discovery"The EV market, for example, requires a significant amount of minerals and metals, many of which are found in abundance in Africa," Zubai...Read More

RT @UshaResources: What about management? $USHA.V has a combined 150 years of experience across 20 companies ??'?

May 13, 2022 / t.ly

Usha Resources (TSXV:USHA,OTCQB:USHA,FSE:JO0) CEO Deepak Varshney discusses the company's three key projects, touching on its new option for 100-percent acqu...Read full newsRead More

Canada's Teck turns focus to zinc development

May 13, 2022 / www.mining-journal.com

The five main zinc assets are Aktigiruq, Anarraaq and Su-Lik zinc assets all in Alaska and the Cirque zinc asset in Canada (50% owned by Korea Zinc) and Teena in Northern Territory Australia.Read More

Discovery Silver drills 337 g/t AgEq over 34 metres at Cordero, Mexico

May 13, 2022 / www.canadianinvestor.com

Share this articleTORONTO - Discovery Silver Corp. [DSV-TSXV; DSVSF-OTCQX] reported results from 19 holes from its phase 2 drill program on its 100%-owned flagship Cordero silver project in Chihuahua, Mexico. The current set of results includes resource upgrade drilling for the Pre-Feasibility Study (PFS), planned for Q4 and expansion drilling of the PEA open pit and the resource pit.Highlights in...Read More

Kinross Gold closing in on Great Bear resource estimate

May 13, 2022 / www.canadianinvestor.com

Share this article VANCOUVER - Great Bear Royalties Corp [GBRR-TSXV] on Friday announced changes to the composition of its board of directors and senior management team. The company also released an update on the Great Bear gold project in northwest Ontario, which was acquired in February, 2022, by Kinross Gold Corp. (K-TSX, KGC-NYSE) via the $1.8 billion acquisition of Great Bear Resources Ltd...Read More

Filo extends Breccia 41 at Filo del Sol

May 13, 2022 / www.mining-journal.com

Hole 57 returned 651.1m grading 1.12% copper equivalent from 136m, including 28 grading 109.9 grams per tonne silver from 404m in the silver zone and 289.Read More

Elemental defends hostile bid, growth to continue

May 13, 2022 / www.mining-journal.com

Gold Royalty launched its hostile offer the week before Christmas 2021, an all-stock US$130 million deal with a 37% premium. It offered 0.Read More

Canada's Teck turns focus to zinc development

May 13, 2022 / www.mining-journal.com

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 discoveryThe five main zinc assets are Aktigiruq, Anarraaq and Su-Lik zinc assets all in Alaska and the Cirque zinc asset in Canada (50% owned by...Read More

Sandstorm Gold Royalties confident on $1.1bn deals...

May 13, 2022 / www.mining-journal.com

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 discoverySandstorm Gold this month announced its plans to buy both companies which it terms as a "portfolio transformation" for the firm.Read More

Elemental shareholders reject Gold Royalties' hostile takeover bid

May 13, 2022 / www.northernminer.com

Gold Royalties (NYSE-AM: GROY) failed to acquire Elemental Royalties (TSXV: ELE) as its all-share hostile takeover bid expired on May 12, bringing an end to a saga that began in October. Less than 5% of its shares were tendered to the bid, Elemental said, adding that Gold Royalty had failed to meet the statutory minimum tender condition of more than 50%. "This hostile bid has been an unfortuna...Read More

Filo Mining reports 'highest-grade copper' to date from Filo del Sol

May 13, 2022 / www.northernminer.com

Shares of Filo Mining (TSX: FIL) rose to their highest in May as the company reported high-grade assay results from the Breccia 41 zone of its 100%-controlled Filo del Sol project in South America. Highlights from Filo del Sol, which straddles the Argentina-Chile border, included drillhole FSDH057, which cut 289.1 metres grading 1.18% copper, 0.68 gram gold per tonne and 36 grams silver starting...Read More

Hudbay suffers major Rosemont setback

May 13, 2022 / www.northernminer.com

Canada's Hudbay Minerals (TSX: HBM; NYSE: HBM) has suffered a fresh setback in its bid to build the Rosemont open pit copper project in Arizona following a decision by the U.S. Court of Appeals for the Ninth Circuit declining to overturn a 2019 decision that blocked the project.In a split decision, the court agreed with the District Court of Arizona's 2019 ruling that the U.S. Forest Service relie...Read More

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