News and Reports

Canada's Fission eyes C$50 million for uranium mine...

April 26, 2022 / www.mining-journal.com

The equity distribution agreement is with Canaccord Genuity, Sprott Capital Partners LP, BMO Capital Markets and Haywood Securities.   Shares in the firm fell 7.2% or C$0.07 to C$0.90.Read More

Britain Hits Russian Diamonds with 35% Import Tariff

April 26, 2022 / www.idexonline.com

(IDEX Online) - Britain has imposed a 35 per cent tariff on loose diamonds imported from Russia.It's part of a $1.3bn package of new and increased tariffs on luxury goods aimed at further isolating the country over its invasion of Ukraine.The move comes a month after the British government named Alrosa as one of 65 Russian businesses and individuals being sanctioned in a move to "to cut off v...Read More

Alrosa Team Seeks Ways to Trade with India

April 26, 2022 / www.idexonline.com

(IDEX Online) - A delegation from Alrosa reportedly visited Indian manufacturers last week to see if they could find a way round banking restrictions.The miner, part-owned by the Russian government, was excluded from the SWIFT financial messaging service after the war in Ukraine began in February.India, the world's biggest diamond polisher, relies heavily on Russian gems.Alrosa discussed opti...Read More

Tiffany & Co Celebrates 150 Years in London at Saatchi Gallery

April 26, 2022 / www.idexonline.com

(IDEX Online) - More than 400 items from the Tiffany & Co archive are to be displayed at the iconic Saatchi Gallery, in London.Vision & Virtuosity celebrates the the jeweler's 150th anniversary in the capital.Highlights of the exhibition, which opens in June, include Tiffany's famed window displays, the original script from Breakfast at Tiffany's, the newly-acquired the 80-c...Read More

Is Glencore's green trapeze act losing traction?

April 26, 2022 / www.mining-journal.com

Ero Copper touts green focus and shareholder returnsSPONSOREDero copperIsoMetrix launches pioneering ESG applicationSPONSOREDisometrixBlackEarth Minerals boosts graphite asset in MadagascarSPONSOREDblackearth mineralsChampion Iron to fuel green steel revolutionSPONSOREDchampion iron Both companies have been viewed as among the most recalcitrant on matters linked to combatting climate change.Read More

Don't bet on copper price to hold, warns Morgan Stanley

April 26, 2022 / www.mining-journal.com

The short-term outlook, according to the bank, is for the copper market to remain tight thanks to a number of "supply challenges".Read More

Golden Rim teams up with Teck in Chile

April 26, 2022 / www.mining-journal.com

The deal sees Teck subsidiary Teck Chile granted options to earn up to a 75% interest in Loreto by making US$0.Read More

Faraday boosts offering to $16 million

April 26, 2022 / www.mining-journal.com

The funds, which are to come through an offering price of C$0.80 per share, are to be used to advance the company's Copper Creek and Contact Copper projects in the US.Faraday's share price on the Canadian Securities Exchange hit a record high of C$1 on April 26."I am pleased to see such strong demand across institutions and individual investors for our at-market financing, and I am delighted with...Read More

The Northern Miner Podcast - episode 288: A brief history of aluminum and Alcoa conference call highlights, ft CEORoy Harvey and CFO Bill Oplinger

April 26, 2022 / www.northernminer.com

In this week's episode we take a closer look at Alcoa's earnings call and the subsequent stock price reaction downward. The call features Alcoa president and CEO Roy Harvey and CFO William F. (Bill) Oplinger, who discuss rising energy costs, leaving Russia, shipping challenges and ongoing environmental intiatives towards zero carbon smelters.All this and more with host Adrian Pocobelli.Music Credi...Read More

Big Ridge continues to intersect gold at past-producing Hope Brook project

April 26, 2022 / www.northernminer.com

Big Ridge Gold (TSXV: BRAU; OTC: ALVLF) has released additional results from its 25,000-metre, Phase I exploration drill program at the Hope Brook project in Newfoundland and Labrador. Hope Brook is a former mine that produced over 750,000 oz. of gold between 1987 and 1997. First Mining Gold (TSX: FF) acquired the property in 2015, and Big Ridge currently has the right to earn an 80% interest by s...Read More

Sitka Gold intercepts 62 metres of 1.21 g/t gold at RC project in Yukon

April 26, 2022 / www.northernminer.com

Sitka Gold (CSE: SIG; OTC: SITKF) has provided assay results of the first diamond drill holes completed during its 2022 winter exploration program at the district-scale RC gold project. The property comprises a land package of 376 sq. km within the Tombstone gold belt of Yukon.The exploration target at the RC project is an intrusion-related gold deposit system. Other intrusion-related gold deposi...Read More

Fission Uranium updates PLS progress, arranges $50M ATM program

April 26, 2022 / www.northernminer.com

Fission Uranium (TSX: FCU; OTC: FCUUF) has provided an update on the feasibility study slated to be completed later this year for its 100%-owned Patterson Lake South (PLS) project in the Athabasca Basin. The company reports that the field work for geotechnical, hydrogeological and metallurgical assessments are complete, and importantly, engineering and planning for the proposed mine are now well a...Read More

Teck strikes deal to earn into Chile copper project

April 26, 2022 / www.northernminer.com

Australia's Golden Rim Resources (ASX: GMR) has executed an option and joint venture agreement with Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada's largest diversified miner, to develop the Loreto copper project in Chile.The asset is located 120 km north of Teck's Quebrada Blanca, the miner's main growth project, and it is surrounded by operations run by BHP (NYSE: BHP; LSE: BHP) and Cod...Read More

Crusher issue causes loss for Copper Mountain

April 26, 2022 / www.mining-journal.com

Copper Mountain reported a net loss of C$4.2 million on sales of $93.9 million. The company ended the quarter with cash and equivalents of $159.2 million. It also increased its all-in cost guidance for the year from to US$2.25 to US$2.75 per pound.The company produced 13.2 million pounds of copper, 5,135 ounces of gold and 55,993oz of silver in the quarter for 15.6 million pounds of copper equival...Read More

It's Time to Send U.S. Troops to Ukraine

April 26, 2022 / dailyreckoning.com

It seems that more and more commentators and political figures are calling for an increased U.S. role in Ukraine, even the deployment of ground troops.For example, Sen. Chris Coons of Delaware recently argued, "We in Congress and the administration [must] come to a common position about when we are willing to go the next step and to send not just arms but troops to the aid in defense of Ukraine.&#...Read More

Metals Creek Drills 2.64 g/t Gold over 27.90 Meters at Dona Lake

April 25, 2022 / bit.ly

Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (theRead full newsRead More

Steppe Gold Discovers Multiple High Grade Zinc Zones Below ATO Gold Deposits

April 25, 2022 / bit.ly

Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (Read full newsRead More

Paycore Minerals drills 4.5 g/t AuEq over 28 metres at FAD property, Nevada

April 25, 2022 / www.canadianinvestor.com

Share this article VANCOUVER - Paycore Minerals Inc. [CORE-TSXV] reported exploration drilling results from the 100%-owned FAD property in the Battle Mountain-Eureka gold belt in Nevada. Paycore common shares commenced trading on the TSX Venture Exchange today.Drilling highlights include the first hole drilled to test for near-surface mineralization intersected multiple mineralized horizons over...Read More

Kinross to sell Ghana mine to Asante for $225M USD

April 25, 2022 / www.canadianinvestor.com

Share this articleTORONTO - Kinross Gold Corporation (TSX:K; NYSE:KGC) announced today that it has entered into a sale agreement with Asante Gold Corporation (CSE: ASE; FSE: 1A9) to sell its 90% interest in the Chirano mine in Ghana for a total consideration of $225 million in cash and shares. The Ghanaian government has a 10% carried interest in Chirano.Upon closing of the transaction, Kinross wi...Read More

Codelco seeks JV exploration partners

April 25, 2022 / www.mining-journal.com

Codelco said potentially interested companies must have the economic capacity and technology to undertake exploration and their future development.Read More

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