News and Reports

Canadian miners demand policy certainty

May 05, 2022 / www.mining-journal.com

IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsPolicy uncertainty particularly around protected areas, disputed land claims and environmental reg...Read More

Amerigo hits Q1 targets

May 05, 2022 / www.mining-journal.com

On an earnings per share basis, the net income for Q1 was $0.09, which is up from $0.06 year on year. The company's board also declared a dividend of C$0.03/share (US$0.02).Read More

Oksut outage overshadows strong Q1 for Centerra

May 05, 2022 / www.mining-journal.com

Canaccord Genuity Capital Markets analyst Dalton Baretto called it "a generally solid quarter" with Centerra's financials mostly beating CG's forecasts but added that the mercury issues which led to production being suspended in March at Oksut overshadowed the results.Centerra's revenue for the quarter of US$295 million beat CG's estimate of $261 million and consolidated all-in sustaining costs of...Read More

Barrick 'very comfortable' with Reko Diq project despite Pakistan's political uncertainty

May 05, 2022 / www.northernminer.com

A change in the government of Pakistan won't impact the development of Barrick Gold's (TSX: ABX; NYSE: GOLD) US$7-billion Reko Diq copper-gold project in Balochistan province, said CEO Mark Bristow on a conference call on Thursday. In early April, Pakistan's Prime Minister Imran Khan, with whose government Barrick reached a deal in March to restart the Reko Diq project after a decade, was ousted...Read More

EPA deals fresh blow to PolyMet's US$1B copper-nickel mine

May 05, 2022 / www.northernminer.com

The U.S. Environmental Protection Agency (EPA) has dealt a fresh blow to PolyMet Mining's (TSX: POM) plans to build an open pit copper-nickel mine in Minnesota, by recommending that the U.S. Army Corps of Engineers not re-issue a key water-related permit.The agency said this week that the US$1-billion NorthMet project, the first large-scale project to be permitted within the Duluth Complex in nort...Read More

Glencore to invest US$200M in battery recycling firm Li-Cycle

May 05, 2022 / www.northernminer.com

Glencore (LSE: GLEN) has inked a deal with Toronto-based Li-Cycle Holdings (NYSE: LICY) to supply the company with all types of manufacturing scrap and end-of-life lithium-ion batteries. The company will also invest US$200 million in Li-Cycle once the agreement is executed, which would give it the right to nominate its head of recycling, Kunal Sinha, on to Li-Cycle's board. The deal is expected...Read More

USGS, Apple create new waste rock metric

May 05, 2022 / www.northernminer.com

A new metric to quantify the amount of waste rock generated by mining critical minerals has been created by the U.S. Geological Survey and Apple.Called the "rock-to-metal ratio," the new metric indicates how much ore and waste must be mined, moved and processed to produce a given unit of a mineral commodity. This information has not previously been available on a global scales.The new rock-to-meta...Read More

Oksut mine halt casts shadow over Centerra Gold's Q1 results

May 05, 2022 / www.northernminer.com

Centerra Gold (TSX: CG; NYSE: CGAU) saw its first quarter results hit by the suspension of its ?-ks? 1/4 t mine in Turkey, where the adsorption-desorption recovery (ADR) plant has been out of commission since Mar. 18, with no clear timeline for its reopening.The Canadian gold miner posted net earnings of $89.4 million in the first three months of the year, compared to $167.4 million in the first...Read More

Gold Fields flags potential inflationary cost overrun at Salares Norte

May 05, 2022 / www.northernminer.com

Gold Fields Limited (NYSE: GFI; JSE: GFI) says higher-than-expected inflation levels have started eroding the contingency built into the US$860 million capital expenditure (capex) budget for its 100%-owned Salares Norte development project in Chile.CEO Chris Griffith said in Gold Fields's March-quarter production report on May 5 that the cost overrun could hit up to 7% compared with the company's...Read More

Endeavour hastens Ity optimization project on 'excess cash generation'

May 05, 2022 / www.northernminer.com

Endeavour Mining (TSX: EDV; LSE: EDV) has pulled the trigger on building a recyanidation circuit at its cornerstone Ity operation in C??te d'Ivoire earlier than expected as it seeks to optimize the operation.The US$41 million investment has been moved forward given that the operation is producing excess cash flow in the high gold price environment. With strong operational performance and a cautiou...Read More

The Federal Reserve and the Extra 3%

May 05, 2022 / www.outsiderclub.com

3%. That's the first take.That's the cost so far, it seems. That's what spiking the economy with the pandemic stimulus - stimuli? - seems to mean for inflation we're seeing today.I'm hesitant to even mention it. We're still dealing with the fallout from the most unprecedented expansion of money in ALL of our lifetimes. This will echo for many years to come.Yet we're far enough away from the stimul...Read More

1844 Announces Short Form Prospectus Offering of Up to $1,250,000

May 04, 2022 / bit.ly

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES1844 Resources Inc. (TSX-V:EFF) (theRead full newsRead More

US Senator group seeks change to Grant's 1872 Mining Act

May 04, 2022 / www.mining-journal.com

US Senator Martin Heinrich, a member of the Senate Energy and Natural Resources Committee, has introduced the Clean Energy Minerals Reform Act.Read More

Iamgold down 28% on soaring cost update

May 04, 2022 / www.canadianinvestor.com

Share this articleVANCOUVER - Iamgold Corp [IMG-TSX, IAG-NYSE] is facing a sharp rise in the estimated completion costs at its Cote gold construction project, which is located north of Sudbury OntarioThe warning is contained in the company's financial and operating results for the first quarter of 2022, which were released after the close of trading on May 3, 2022. Iamgold also said its current Ch...Read More

Royal Road drilling towards Caribe resource

May 04, 2022 / www.mining-journal.com

In Nicaragua, the company's progress at its Caribe target has been held up by the slow turnaround of assays on drill core, with a 58-day turnaround unable to provide the timely feedback the companyRead More

NGEx makes Valle Ancho discovery

May 04, 2022 / www.mining-journal.com

Drill results from the final six holes of the company's eight hole, 3,060m programme included highlights of 596.5m grading 0.23% copper, 0.37 grams per tonne gold and 1.4g/t silver for a 0.Read More

AVZ reaches milestone at Manono

May 04, 2022 / www.mining-journal.com

IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsDescribing Manono as "arguably one of the most important new mining projects in the world", AVZ po...Read More

Equinox sees tough start to 2022

May 04, 2022 / www.mining-journal.com

The company produced 117,452oz of gold in the quarter, some 44.2% less than the 210,432oz produced in the December 2021 quartet.Read More

Lundin Gold to start paying dividend

May 04, 2022 / www.mining-journal.com

IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsThe company produced 121,665 ounces of gold at an all-in sustaining cost (AISC) of $696/oz, ending...Read More

Barrick raises dividend as production dips, costs increase...

May 04, 2022 / www.mining-journal.com

IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixOreCorp prepares to deliver Tanzania's next big gold mineSPONSOREDorecorpArrow Minerals on the gold discovery path in West AfricaSPONSOREDarrow mineralsBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsThis was a 20.4% fall in net earnings compared with the $538 million achieved in the prior year pe...Read More

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