Artisanal and small scale mining (ASM) is often treated as something of a dirty secret in the mining industry. Artisanal miners often operate without safety procedures or formal training.Read More

Share this articleSASKATOON - Cameco Corp. [CCO-TSX, CCJ-NYSE] has struck a deal to acquire Idemitsu Canada Resources Ltd.'s 7.87% stake in the Cigar Lake uranium joint venture for $107 million. As a result, Cameco's ownership interest in the Cigar Lake mine in northern Saskatchewan will increase by 4.522 percentage points to 54.547%Orano Canada Inc.'s share will rise by 3.53 percentage points to...Read More

In preparation for the development, the company has consolidated full ownership of the project having bought the stakes in the project previously owned by Peruvian miner Buenaventura and Japan'sRead More

The former minnow has been transformed into a A$1.2 billion gold miner in the last two years, first through the US$28.Read More

"Considering the issue of social conflicts we are going to pass a decentralized investment package in mining zones," Graham said at the biennial Gold, Silver and Copper Symposium in Lima organised byRead More

Predictive Discovery to forge a golden future in GuineaSPONSOREDpredictive discoveryOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsArtisanal and small scale mining (ASM) is often treated as something of a dirty secret in the min...Read More

(IDEX Online) - A small-time farmer in the the central Indian state of Madhya Pradesh recovered an 11.88-carat diamond, which has been valued at $65,000.Pratap Singh Yadav said he'd use proceeds from the sale of the stone to set up a business and pay for his children's education.He struck lucky while digging a small patch of land leased from the authorities in the diamond-rich Panna dist...Read More

(IDEX Online) - Overall prices of fancy color diamonds rose by 1.0 per cent in the last three months, double the increase of the previous quarter.Pinks led the price gains, up by 1.3 per cent, during Q1 2022, according to the Fancy Color Diamond Index (FCDI). Yellows were up 0.7 per cent and blues by 0.1 per cent.The New York-based Fancy Color Research Foundation (FCRF) tracks pricing data for fan...Read More

(IDEX Online) - The average spend on a diamond engagement ring in the US last year was $7,011, up 6.1 per cent on 2020, as couples opted for bigger stones, and more lab growns.The size of the center stone diamond size rose, on average, from 1.20 carats to 1.32 carats.And almost a quarter of couple are choosing a lab grown stone, according to research for BriteCo, an insurance technology company. T...Read More

"In addition to an underlying strengthening of the Brazilian Real during the first quarter, our operating costs faced the same inflationary headwinds experienced globally across all industries," Ero'sRead More

After producing 55,602 tonnes of copper in concentrate in Q1—which compares to 105,884 tonnes for the full year of 2021, Ivanhoe expects to reach the upper end of 2022 copper production guidance of 290,000-340,000 tonnes. This has been aided by the early commissioning of the phase 2 concentrator plant, it said.C1 cash costs, meanwhile, were US$1.21 per pound in the quarter which compares to...Read More

Kinross Gold (TSX: K; NYSE: KGC) says that the company is in "uncharted territory" regarding the closure of the sale of its Russian assets. In April, the company announced that it had entered into a definitive agreement with the Highland Gold Mining group of companies to sell its Russian assets for US$680 million, weeks after Western nations announced sanctions on Russia after the country began i...Read More

Uranium producers Cameco (TSX: CCO; NYSE: CCJ) and Orano are increasing their stakes in the Cigar Lake uranium mine in northern Saskatchewan by buying Idemitsu Canada Resources' 7.9% interest in the asset for $187 million.Cameco, the world's third-largest uranium producer, will see its ownership in the mine rise by just over 4.5% to almost 54.5%, while Orano's will increase to slightly over 40.45%...Read More

Shares of Endeavour Silver (TSX: EDR; NYSE: EXK) rose to their highest level in a week as the company beat analysts' expectations in its quarterly report. The company produced 1.3 million oz. silver in the first quarter of 2022, a 25% increase from the first quarter last year and 17% higher than BMO's predictions. It also produced 8,695 oz. gold, a 22% decrease from its production last year but...Read More

International Battery Metals (CSE: IBAT; US-OTC: IBATF) has successfully completed the systems and safety testing for what would be the world's first commercial-scale mobile lithium extraction plant.The modular plant will now begin flow-testing with lithium-bearing brine, which has been sourced in the U.S. and is being trucked in. Once the efficacy and safety of the flow tests have been confirmed,...Read More

As the world pivots towards a green energy transition in the fight against climate change, Africa faces a generational opportunity to create new supply chains drawing upon its 'Aladdin's cave'-like endowment of mineral wealth, a keynote panel at the African Mining Indaba in Cape Town, South Africa, heard on Tuesday. The emerging message is that while the transition forces the creation of new indu...Read More

The Investing in Africa Mining Indaba heard that African leaders are waking up to the fact that the continent stands at the precipice of a generational opportunity to reinvent itself and participate in meaningful economic upliftment as the global energy transition accelerates.But to get there, several African leaders spoke of ongoing policy reforms to attract new investment and create new regional...Read More

Global mining personality and financier Robert Friedland has singled out Africa and the Arabian Shield as the venues where the world's future-facing minerals and metals will be responsibly produced."This is where humanity is going to make it or break it," he told the Investing in Africa Mining Indaba currently underway in Cape Town, South Africa.He points out that the large copper mines in Latin A...Read More

"We've gone full bore in this last year and this year 2022, and have conducted about 140,000m of drilling. We are seeing a weighted average grade of 9.Read More

In 2021, the company increased its throughput from 3,500 tonnes per day to 4,200tpd and it anticipates being able to get to 4,500tpd via debottlenecking this year.Read More