News and Reports

Change of leadership at Resolute

April 19, 2022 / www.mining-journal.com

Historic assays build hype for Alicanto at SalaSPONSOREDalicanto mineralsMakuutu magnetises support for Ionic Rare EarthsSPONSOREDionic rare earthsFortuna backs West Africa for growthSPONSOREDfortuna silver minesWest Africa an improved opportunitySPONSOREDResolute said Gale was leaving to take up a role with an Australia-focused mining company.Read More

US offers Syrah loan for graphite plant

April 19, 2022 / www.mining-journal.com

Historic assays build hype for Alicanto at SalaSPONSOREDalicanto mineralsMakuutu magnetises support for Ionic Rare EarthsSPONSOREDionic rare earthsFortuna backs West Africa for growthSPONSOREDfortuna silver minesWest Africa an improved opportunitySPONSOREDSyrah and the DOE are targeting financial close by the end of June.The loan is being made as part of the USA's Advanced Technology Vehicles...Read More

CATL investing big in Indonesian battery supply chain...

April 19, 2022 / www.mining-journal.com

The battery giant has announced a plan to join forces with ASX-listed, state-backed producer Aneka Tambang and its subsidiary Industri Baterai Indonesia, to invest almost US$6 billion in the Indonesia electric vehicle battery integration project, which will run the gamut from nickel mining and processing, EV battery materials, and battery manufacturing and recycling. The aim of the three-way...Read More

New Found Gold completes CEO succession

April 19, 2022 / www.mining-journal.com

"When I asked Craig to join as CEO in early 2020, he committed to this role for several years with the intention that I would transition into the CEO role over this timeframe.Read More

Workers missing at Trevali's flood-hit Perkoa

April 19, 2022 / www.mining-journal.com

Historic assays build hype for Alicanto at SalaSPONSOREDalicanto mineralsMakuutu magnetises support for Ionic Rare EarthsSPONSOREDionic rare earthsFortuna backs West Africa for growthSPONSOREDfortuna silver minesWest Africa an improved opportunitySPONSORED  "We are deeply saddened by this unexpected event," Trevali's president and CEO Ricus Grimbeek said.  "Our immediate focus is on sear...Read More

LVMH Watch and Jewelry Revenue Rises by 24%

April 19, 2022 / www.idexonline.com

(IDEX Online) - LVMH says revenue from its watch and jewelry division jumped by 24 per cent in the first quarter of this year, up to $2.53bn. Organic growth was 19 per cent.Overall earnings across all luxury groups rose 29 per cent, year-on-year, to $19.4bn, the French conglomerate said.The newly-acquired jeweler Tiffany & Co. had "an excellent start to the year," it said, driven by strong gro...Read More

Predictive Discovery to forge a golden future in Guinea...

April 19, 2022 / www.mining-journal.com

Predictive Discovery is entering a new chapter as the company looks to expand its Bankan "once in a decade" gold discovery in Guinea and build West Africa's next tier one gold mine.Within 17 months, Predictive (ASX: PDI) went from a discovery hole at Bankan, located in Guinea's Siguiri Basin, to a resource of 72.8 million tonnes grading 1.56g/t for 3.65 million ounces.Managing director and experie...Read More

Russian Diamond Sanctions "Could Hit 1.5m People in Gujurat"

April 19, 2022 / www.idexonline.com

(IDEX Online) - As many as 1.5m people in Gujarat, India, could be affected by sanctions on Russian diamonds, according the industry body GJEPC.Around 800,000 people living in rural areas will be "directly impacted" and a further 700,000 with some link to the industry will be affected, it said, though it did not provide further details.Dinesh Navadiya, regional chairman of the GJEPC (Gem and Jewel...Read More

Three Illegal Diamond Miners Die in Tunnel Collapse

April 19, 2022 / www.idexonline.com

(IDEX Online) - Three illegal diamond miners died and 10 were rescued when a tunnel collapsed in Northern Cape, South Africa.It happened at the Nuttaboy Mine, at Kliensee, an area known for illegal underground mining.Last October four miners died at the same mine, when a shaft collapsed, trapping others 1,000 meters underground.And in 2012 a tunnel collapsed at the nearby Bontekoe mine, killing 10...Read More

The 10,000 missing miners

April 19, 2022 / www.mining-journal.com

Historic assays build hype for Alicanto at SalaSPONSOREDalicanto mineralsMakuutu magnetises support for Ionic Rare EarthsSPONSOREDionic rare earthsFortuna backs West Africa for growthSPONSOREDfortuna silver minesWest Africa an improved opportunitySPONSOREDReports covering March quarter production, scheduled to start flowing this week, might throw fresh light on the size of the challenge confrontin...Read More

Bandits hit Mexican mine for a second time

April 19, 2022 / www.mining-journal.com

Historic assays build hype for Alicanto at SalaSPONSOREDalicanto mineralsMakuutu magnetises support for Ionic Rare EarthsSPONSOREDionic rare earthsFortuna backs West Africa for growthSPONSOREDfortuna silver minesWest Africa an improved opportunitySPONSOREDAt 3am (Chihuahua time) on April 15, a group of armed intruders entered the mine, locked the staff in a sea container, and made off with around...Read More

Element 29 drilling aims to verify historic copper resource at Flor de Cobre in Peru

April 19, 2022 / www.northernminer.com

Element 29 Resources (TSXV: ECU; US-OTC: EMTRF)?EUR?has announced results from two of 11 holes it's drilling this year to verify historical resources at its Flor de Cobre copper project in southern Peru . Highlights from the program included 349 metres grading 0.77% copper, 0.006% molybdenum and 1.7 parts per million (ppm) silver starting from 78 metres in drillhole FDC001; and 378.6 metres g...Read More

Sixty North accelerates Mon property earn-in, reports new nickel-cobalt discovery

April 19, 2022 / www.northernminer.com

Sixty North Gold Mining's (CSE: SXTY) proposed accelerated earn-in of the past-producing Mon gold mine in Northwest Territories has been approved by the project holder New Discovery Mines, which will convert its direct interest in the property into a participating interest in Sixty North.Located 40 km north of Yellowknife, the Mon property has produced over 15,000 tonnes of ore to depths of 15 met...Read More

The Northern Miner Podcast - episode 287: How are the miners doing? A close-up look at valuations of the top 10 mining companies

April 19, 2022 / www.northernminer.com

This week's episode features an in-depth look at the top 10 mining companies by market capitalization. We examine the stock prices, charts, P/E ratios and dividends, and speculate on the large divergences between company valuations. We also take a look at this week's big stories and the latest metal prices.Read the full article on the Top 50 mining companies by market cap here: https://www.mining....Read More

Libero shares jump on lengthy copper intercepts from Mocoa project in Colombia

April 19, 2022 / www.northernminer.com

Shares of Libero Copper & Gold (TSXV: LBC; US-OTC: LBCMF) reached their highest price in five years as the company released partial assay results from its first diamond drill hole at the Mocoa porphyry copper deposit in Putumayo, Colombia, since acquiring it in 2018. Highlights from drill hole MD-043 included 30.6 metres grading 1.3% copper starting from 265.31 metres depth and 28.5 metres gradin...Read More

Canterra hits multiple gold-mineralized intervals from fall drilling at Wilding project

April 19, 2022 / www.northernminer.com

Canterra Minerals (TSXV: CTM; OTC: CTMCF) has received results of a 4,200-metre diamond drill program completed in December 2021 at its wholly owned Wilding gold project. An additional 4,000-metre campaign has since begun and is still underway.A total of 19 holes were drilled as part of the 2021 fall program, targeting the expansion of known gold mineralization in several zones, including Red Ochr...Read More

Mexico's lower house backs lithium nationalization plans

April 19, 2022 / www.northernminer.com

Mexico's lower house of Congress has passed an amendment to mining legislation that paves the way for the state to nationalize the country's lithium reserves.President Andr?(C)s Manuel L??pez Obrador's (AMLO) proposal was part of a constitutional energy overhaul rejected by lawmakers on Sunday. The amendment sought to tighten control of energy production by guaranteeing state-owned utility Comisi...Read More

The Stars Are Aligning for Gold

April 19, 2022 / dailyreckoning.com

The dollar price of gold is up about 2.7% in the past month, 8.4% in the past three months and 14% in the past year. That's not only a strong performance, but good evidence that the long 16-month dry spell from Oct. 1, 2020-Feb. 1, 2022, when gold traded in a range between $1,700 per ounce and $1,900 per ounce with very few exceptions, is also over.Gold has moved to higher ground in the $1,900-2,0...Read More

Mountain Province Diamond Production Drops by 15%

April 18, 2022 / www.idexonline.com

(IDEX Online) - Mountain Province reported a 15 per cent drop in production as it processed lower grade ore.But the Canadian miner said the discovery of kimberlite at its Gahcho Ku?? (C) mine (pictured) in a remote part of Northwestern Territories provided "significant opportunities for additional diamonds to be discovered".It recovered 1,185,156 carats in the first quarter of 2022, according to i...Read More

Non-Russian Diamonds "to be Traded at a Premium"

April 18, 2022 / www.idexonline.com

(IDEX Online) - African diamond miners are expected to reap the benefits of sanctions against Russia over its invasion of Ukraine.The US has outlawed trade with Alrosa and blocked the company from its banking system, though it has not imposed restrictions on Russian diamonds that are cut and polished elsewhere."Many diamond industry participants from cutters to polishers, traders, wholesalers will...Read More

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