News and Reports

Baselode Energy rises on near-surface mineralization at Hook project in Saskatchewan

May 04, 2022 / www.northernminer.com

Shares of Baselode Energy (TSXV: FIND; US-OTC: BSENF) rose to their highest in May as the company reported elevated radioactivity in a near-surface interval in drill hole AK22-038 as part of the company's ongoing 20,000-metre drill program on the Ackio uranium discovery at its Hook project, in northern Saskatchewan's Athabasca Basin.The drill hole reported a radioactivity of 914 counts per second,...Read More

Q&A: SRK Consulting unpacks critical opportunities and challenges facing the African mining sector

May 04, 2022 / www.northernminer.com

SRK Consulting has built deep experience working in the African mining sector and has developed a firm grasp of where potential opportunities are and some of the critical challenges preventing the industry from contributing to local economies to its fullest potential.The Northern Miner's senior reporter, Henry Lazenby, caught up with SRK Consulting director and principal consultant Andrew van Zyl...Read More

Champion Iron commissions Phase II project ahead of schedule, completes first shipment

May 04, 2022 / www.northernminer.com

Champion Iron (TSX: CIA; US-OTC: CIAFF) has completed the first rail shipments containing 24,304 tonnes of high-grade 66.2% Fe iron ore concentrate from the Phase II expansion project at the Bloom Lake mine in Quebec.The mine complex is located approximately 13 km north of Fermont, and 10 km north of the Mont Wright iron ore mining complex belonging to ArcelorMittal Mines Canada. The Bloom Lake...Read More

Osisko Mining assays more high grades at Windfall as it works towards 2022 feasibility

May 04, 2022 / www.northernminer.com

Osisko Mining (OSK: TSX) has released more high-grade results from its infill and expansion drilling at the Windfall gold project in Quebecc, including 43 intercepts in 17 underground drill holes and five wedges from surface.The infill intercepts are located inside the mineral resource estimate (MRE) blocks defined in January 2022, which reflected 1.7 million metres of drilling. The measured and i...Read More

Pandemic, inflation contribute to 90% cost rise at Iamgold's C??t?(C) project

May 04, 2022 / www.northernminer.com

Iamgold (TSX: IMG; NYSE: IAG) has revealed a costs blowout at its massive C??t?(C) gold project in Ontario, with preliminary estimates from an ongoing risk analysis indicating that development of the asset would require between US$1.2 billion and US$1.3 billion to complete.That compares to the company's previous assessment of between US$710 million and US$760 million needed and represents an eye-p...Read More

More synergies to come from Barrick

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

The company saw its gold AISC increase 14.3% to US$1,164 per ounce compared with the prior year quarter and 19.Read More

The Biggest Rate Hike in 22 Years

May 04, 2022 / dailyreckoning.com

As widely expected, the Federal Reserve raised its target rate by 50 points today, its largest increase in 22 years.Some market analysts were even predicting a 75-basis point hike. But today, Jay Powell reassured markets by claiming that he's not considering such a move.The stock market soared after Powell's reassuring announcement. The Dow gained over 900 points today, with most of the gains comi...Read More

Gold: "The Most Confusing Commodity"

May 04, 2022 / www.outsiderclub.com

In an interview with Kitco earlier this week, John LaForge, head of real asset strategy for Wells Fargo Investment Institute, called gold's price movement over the past year and a half "the most confusing of all the commodities."And he's absolutely right.It might seem a bit discrediting for a financial analyst to admit that they're confused about a market. But there isn't an investor worth his sal...Read More

Canex Announces Equity Financing and Welcomes Strategic Investor Michael Gentile, CFA

May 03, 2022 / bit.ly

Blair Schultz Joins Board Of DirectorsNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.Canex Metals Inc. (Read full newsRead More

Sarama Resources Investor Briefing

May 03, 2022 / bit.ly

Sarama Resources Ltd. ("Sarama" or the "Company") (ASX: SRR, TSX-V: SWA) advises that an Investor Briefing will be held via webcast following the Company's commencement of trading on the Australian Securities Exchange ("ASX") on 2 May 2022. Sarama's President, CEO & MD, Andrew Dinning, will provide ...Read full newsRead More

Green fund backs Sovereign capital raising

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

The Luxembourg-based green energy fund, Thematica Future Mobility, is the "cornerstone" backer of the raising that is pricing 22.2 million new shares at 67c each.Specifics weren't disclosed.Sovereign's Kasiya rutile project in Malawi features the largest deposit in the world, and a potential major source of "low carbon footprint critical minerals natural rutile and graphite".Natural rutile is the...Read More

North American fertilizer mining profits soar

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

Toronto-listed Nutrien, the world's largest fertilizer company, has raised its full-year 2022 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance toRead More

Sun Summit drills 1.09 g/t AuEq over 73.5 metres at Buck, British Columbia

May 03, 2022 / www.canadianinvestor.com

Share this articleVANCOUVER - Sun Summit Minerals Corp. [SMN-TSXV; SMREF-OTCQB] reported initial drill results from its winter 2022 exploration drill program and has discovered new zones of bulk-tonnage-style gold-silver-zinc mineralization on its 100%-optioned Buck property, near Houston, central British Columbia.New zones discovered of strong gold-silver-zinc mineralization included westernmost...Read More

Codelco output falls 5.7%

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

The company, the world's second largest copper producer, attributed the decline to lower grades at its Ministro Hales operation and lower throughput at the Chuquicamata concentrator.Read More

Green fund backs Sovereign capital raising

May 03, 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 Luxembourg-based green energy fund, Thematica Future Mobility, is the "cornerstone" backer of...Read More

BMG returns eye-catching high-grade gold at Abercromby...

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

Australian BMG Resources Ltd reported promising high-grade gold results at the Capital Prospect within its Abercromby project in West Australia's goldfields region.Read More

Standard Lithium starts Arkansas PFS

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

Standard Lithium has started a preliminary feasibility study at its South West Arkansas lithium project, located around 35 miles west of its Lanxess project.Read More

ArcelorMittal tests green hydrogen at Canada site

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

The test was to assess the ability to replace the use of natural gas with green hydrogen in the iron ore reduction process.   During this first test, 6.Read More

The return of oil sands mining

May 03, 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 mineralsSuncor Energy, a C$67 billion Canadian business with a foot in both the mining and oil industries,...Read More

Rumours swirl Anglo plotting $1.5bn Botswana copper...

May 03, 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 minerals Stories are doing the rounds that CEO Duncan Wanblad and his team are casting a slide rule over t...Read More

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