News and Reports

Playboy Aristocrat's 100-ct Diamond Tiara to be Sold

May 04, 2022 / www.idexonline.com

(IDEX Online) - A tiara with over 100 carats of diamonds that belonged to one of Britain's most extravagant aristocrats is being offered for sale.Henry Paget, 5th Marquess of Anglesey (1875 - 1905) squandered an inheritance from his father worth $75m in today's money, including family estates in Staffordshire, Dorset, Anglesey and Derbyshire.He blew the lot in five years, on outrageous c...Read More

Jewel Raiders Jailed for $1m California Crime Spree

May 04, 2022 / www.idexonline.com

(IDEX Online) - Two men involved in a $1m-plus series of organized jewelry raids across California, USA, have been jailed for 16 months.They broke into JCPenney and Sam's Club stores (retail warehouse clubs owned by Walmart) in nine counties throughout the state between September 2020 and February 2021Defendants Anton Salaam and Marion Paul Tilley both pleaded guilty to a violation of organiz...Read More

Mocoa: one step forward, two steps back

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

Hole 43 caused a stir among some NGO's and the anti-mining lobby in the region, with claims that the company should not have been drilling, which we will dig into later in this article.Read More

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

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 mineralsUS Senator Martin Heinrich, a member of the Senate Energy and Natural Resources Committee, has int...Read More

US Fed rate rise could dampen mining shares

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

The expected interest rate increase by the Federal Open Market Committee will be the largest since 2000.Read More

Ivanhoe's third Kamoa plant to be 5mtpa

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

The company expects that Kamoa Copper will become the world's third-largest copper mining complex after the phase 3 expansion with annualized copper production capacity of about 600,000 tonnes perRead More

New Found Gold reports three high-grade gold discoveries in last two months

May 04, 2022 / www.northernminer.com

New Found Gold (TSXV: NFG; NYSE-A: NFGC) has reported more high-grade gold results from its ongoing, 400,000-metre drill program at its Queensway project in Newfoundland. Highlights from the drilling included 6.8 metres grading 8.7 grams gold per tonne starting from 98.3 metres in drill hole NFGC-22-533; and 2.2 metres grading 275 grams gold starting from 32.5 metres in drill hole NFGC-22-538....Read More

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

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