News and Reports

The Northern Miner Podcast - episode 284: Gold 'mimicking the 1970s charts', ft Gareth Soloway on markets, metals and speculative asset bubbles

March 29, 2022 / www.northernminer.com

This week's episode features InTheMoneyStocks.com chief market strategist Gareth Soloway in conversation with host Adrian Pocobelli on recent developments in financial markets. Gareth explains the nature of technical analysis while giving his view on interest rates, the stock market, commodities and speculative asset bubbles. He also shares his take on recent movements in gold, which have a remark...Read More

Mountain Province rises to 12-month high on diamond market recovery

March 29, 2022 / www.northernminer.com

The Toronto-quoted equity of Mountain Province Diamonds (TSX: MPVD) has achieved a new 12-month high on March 29 after the company overnight reported record free cash flow in 2021 and a massive impairment reversal attributable to positive changes in market sentiment and diamond prices.During the year 2021, Mountain Province sold a total of 3.16 million carats at an average price of $94 per carat (...Read More

Inomin shares rise on nickel, cobalt intercepts at Beaver project in BC

March 29, 2022 / www.northernminer.com

Shares of Inomin Mines (TSXV: MINE) traded at its highest price in the last five years as the company reported new discoveries of nickel, magnesium and chromium at its Beaver nickel-cobalt property in south-central British Columbia. Highlights of the drilling from the early-stage property included 175.26 metres grading 0.178% nickel, 93 parts per million (ppm) cobalt, 0.362chromium and 21% magn...Read More

Osisko Development closes US$32.8M final tranche of non-brokered financing

March 29, 2022 / www.northernminer.com

Osisko Development (TSXV: ODV) has closed the second tranche of its previously announced non-brokered private placement. More than 9.4 million subscription receipts of the company were issued under this tranche at a price of US$3.50 each, for additional gross proceeds of approximately US$32.8 million.This, together with the US$84.8 million brought in under the first tranche, brings the total size...Read More

Rio Tinto secures lithium project in Argentina

March 29, 2022 / www.northernminer.com

Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has completed the acquisition of the Rincon lithium project in Argentina for $825 million, following Australia's Foreign Investment Review Board (FIRB) approval of the transaction.The world's second-largest miner saw its lithium ambitions partially crushed in January after Serbia revoked Rio Tinto's licence for the US$2.4 billion Jadar project on environme...Read More

RT @canadacobalt: "We got back our first assays and we've had up to 2% #nickel, and up to 3.75% #copper" $CCW

March 28, 2022 / www.youtube.com

Canada Silver Cobalt Works CEO Frank Basa and President Matt Halliday joined Steve Darling from Proactive to share news the company has received the first th...Read full newsRead More

York Harbour drills 29 m of 5.25% Cu in Newfoundland

March 28, 2022 / www.canadianinvestor.com

Share this article TORONTO - York Harbour Metals Inc. [YORK-TSXV, YORKF-OTCPK, 5Deo) has released another batch of drill results from Phase 2 drilling at the York Harbour copper-zinc project in Newfoundland.The company described the results released on Monday as the best intersections of grade and length to date.Drilling highlights include hole YH21-24, which returned 29 metres of 5.25% copper, 4...Read More

WGC and LBMA trial blockchain gold tracing

March 28, 2022 / www.mining-journal.com

The Gold Bar Integrity Programme is designed to produce a traceable chain of custody for gold bars, allowing them to be tracked from the mine, through the smelter, to buyers.Read More

Chile minister Hernando: communities to know of exploration...

March 28, 2022 / www.mining-journal.com

In a very brief speech to open the Exploration Forum, the first event in Cesco week in Santiago, Chile, mining minister Marcela Hernando stressed that communities need to know about mining projects inRead More

Belgium does not Oppose Sanctions on Russian Diamonds, says PM

March 28, 2022 / www.idexonline.com

Belgium does not Oppose Sanctions on Russian Diamonds, says PM(IDEX Online) - Belgium has not opposed EU sanctions against Russian diamonds, its prime minister told national radio.Alexander De Croo (pictured) was responding to calls within the federal government -from the Flemish Green party Groen and French-speaking socialist party PS among others - to stop the importation of diamonds from Russia...Read More

Osisko Metals lines up Glencore copper mine

March 28, 2022 / www.mining-journal.com

The US$25 million payment will be paid by way of issuance of a convertible note to Glencore, giving the firm an equity stake in the Canadian junior.Read More

Dr McKinsey's get fit diet for mining companies

March 28, 2022 / www.mining-journal.com

West Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining   The "doctor" in this case is not really a doctor, it's the global management consulting firm McKin...Read More

Pure Gold Mining needs to raise $50M to keep its Red Lake mine running

March 28, 2022 / www.northernminer.com

Shares of Pure Gold Mining (TSXV: PGM) fell to its lowest in a year after the company announced it will need to raise funds within the next 30 days to fund its operations and service the interest on its debt. The company, which operates the PureGold underground mine, located in Red Lake, Ont., said its cash balance stands at about $9 million. "Over the next six months [Pure Gold] will require...Read More

Osisko Metals to buy former Gasp?(C) copper mine in Quebec from Glencore

March 28, 2022 / www.northernminer.com

Osisko Metals (TSXV: OM; OTC: OMZNF) has signed an option to purchase the former Gasp?(C) copper mine from Glencore Canada. The mine, located near Murdochville, Quebec, was developed and operated by Gasp?(C) Copper, a subsidiary Noranda Mines.Osisko has agreed to make an up-front payment of US$25 million to be paid by way of a convertible note when the arrangement closes. A further US$20 million w...Read More

Mick Davis's Vision Blue joins backers for Cornish Metals tin mine

March 28, 2022 / www.northernminer.com

Cornish Metals (LON, TSX-V: CUSN) is getting closer to reopening the South Crofty tin-copper mine in Cornwall, southwest England, as a group of investors including mining veteran Mick Davis are injecting ?40.5 million (US$53.1 million) into the company.Davis's battery metals investment firm Vision Blue Resources (VBR), whose main strategy is acquiring stakes in assets linked to electric vehicles...Read More

Las Bambas workers launch protest action

March 28, 2022 / www.northernminer.com

Following a tense meeting with human resources personnel, the union that represents MMG's Las Bambas workers announced the launching of a protest action as they demand a review of the end-of-year profit amounts paid by the mining company to its employees.In a media statement, the union says that this is the first time that employees receive their share of the profits since the copper mine became f...Read More

Mining among sectors most affected by climate change in the US

March 28, 2022 / www.northernminer.com

Mining, together with construction, retail trade and services, is among the sectors most affected by cold and wet weather consequence of climate change in the United States.A recent study led by University of Cambridge researchers looked at the environmental impact over five decades on 10 different economic sectors in the 48 contiguous U.S. states - excluding Alaska and Hawaii - from 1963 to 2016...Read More

Chile miners sanguine about change

March 28, 2022 / www.mining-journal.com

The Mining Code was amended in February, the Water Code in late March, a mining royalty is likely to be imposed in the coming months and a process to draft a new constitution is likely to strengthen environmental laws.Despite the current uncertainites regarding future mining regulation and taxation, Chile continues to draw investment. "We have seen a number of deals recently with South32 [which bo...Read More

Boric signs new Water Code into law

March 28, 2022 / www.mining-journal.com

Minister of Public Works, Juan Carlos Garcia, whose portfolio includes the Direction General of Waters (DGA) said the reform seeks the "fair water transition, which solves the problems of inequity suffered by thousands of people in access to this vital element."Under the new code, water rights will be given for a maximum of 30 years depending upon the availability of water sources, rather than ind...Read More

Rickards: I've Never Heard So Many Lies

March 28, 2022 / dailyreckoning.com

All wars are full of lies. Winston Churchill famously said, "In wartime, truth is so precious that she should always be attended by a bodyguard of lies."We accept that idea broadly. Secret invasion plans should be closely held. The identities of spies must be kept under wraps. New weapons and defensive tools should not be revealed because enemies will be alerted to their potential and begin offens...Read More

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