Toronto-based Minera Alamos (TSXV: MAI) announced today it has received a positive notification from the Mexican environmental authorities regarding the permit application for the development of the La Fortuna gold project in the northern Durango state.The notification confirms the completion of the technical review phase of the company's application for the change of land use to build mining and...Read More
MOSCOW - Russian nickel and palladium producer Norilsk Nickel (Nornickel) plans to ramp up output over the next five years to tap an expected boom in demand from electric vehicle makers, its CEO and top shareholder Vladimir Potanin told Reuters.The company, which vies with Brazil's Vale to be the world's largest nickel producer, has been profitable for years thanks to its resource-rich Arctic oper...Read More
Shares in Canadian miner Northern Dynasty Minerals (TSX:NDM) were up Wednesday following an agreement announced late Tuesday between its subsidiary Pebble Limited Partnership (PLP) and the Alaska Peninsula Corporation (APC) that lets the company use defined portions of lands to build and operate roads for the stalled Pebble copper-gold-silver project.If the proposed mine makes it through the le...Read More
QUEBEC - They don't call it "Windfall" Lake for nothing. The latest windfall from the property was made by Osisko Mining of Toronto. Drilling returned 83.9 g/t gold over 5.3 metres - an almost unheard of length for such a high grade.And that's not all. The same hole, OSK-W-18-1731 in the Lynx zone, also returned 89.3 g/t gold over 2.4 metres.Other holes were almost as promising: OSK-W-18-1728-W1 r...Read More
The race to build a better electric car battery is turning to silicon, with several companies working to engineer types of the material that can boost driving range and cut production costs.About 500,000 electric vehicles (EVs) were sold globally in 2016, a figure that is expected to jump sevenfold by 2022, according to the U.S. Energy Information Administration.That increase is forecast to be hel...Read More
* Market spooked by estimated cost of HPAL plant* Building HPAL facility more complicated than NPI smelterLONDON - Expectations of a supply avalanche hitting the nickel market next year due to new capacity in Indonesia have sent prices to seven-month lows, but analysts doubt the plans spearheaded by Chinese firms can be carried out so quickly.Benchmark nickel on the London Metal Exchange nearing $...Read More
By Daniel CookPart 2: It's Only Natural...Every mining company has the same problem, they've got to replenish their inventory every year. That means if they're mining 100,000 ounces of gold annually they need to discover at least 100,000 ounces every year to stay afloat. Analysts and investors demand it and watch these inventory levels closely.Did you know SSR Mining's most profitable operation co...Read More
By Tina LetoThe odds seem to be against uranium. Fukushima's nuclear power plant is still disabled; the U.S. Supreme Court seems to be leaning towards staying Virginia's moratorium on uranium mining, and projects such as Berkeley Energ?-a's Salamanca mine in Spain are facing major opposition.So, why mine uranium and why now?The answer is quite simple, actually. There is increased demand, and, afte...Read More
Mr. Derek White reportsMETALLURGICAL TEST WORK INDICATES VERY HIGH GOLD RECOVERIES AT ASCOT'S PREMIER PROPERTY Ascot Resources Ltd.'s confirmatory metallurgical testwork on six new composites from the Premier/Northern Lights, Big Missouri and Silver Coin deposits produced outstanding gold recoveries over a range of grind sizes utilizing a gravity and leach process.Derek White, president and chief...Read More
Mr. John Williamson reportsCAMINO PROVIDES UPDATE AHEAD OF 2019 DRILLING PROGRAMCamino Minerals Corp. is in the process of completing extensive surface exploration on the 20,000-hectare Chapitos copper-gold project, near Chala, southern Peru.Since August, Camino has intensified surface exploration on the Chapitos project, and has commenced planning the 2019 exploration and drilling program. Fieldw...Read More
Mr. Quinton Hennigh reportsNOVO FILES UPDATED BEATONS CREEK TECHNICAL REPORT Novo Resources Corp.has filed a technical report prepared pursuant to National Instrument 43-101 (Standards of Disclosure for Mineral Projects) related to its Oct. 10, 2018, news release announcing the updated resource estimate for its Beatons Creek gold project, Western Australia. The independent technical report, entitl...Read More
The Women in Mining (WIM) organisation has recognised the pioneering work of Kay Nimmo at the International Tin Association in achieving practical solutions to the challenges of responsible minerals sourcing. Nimmo has worked over the past decade to create and implement industry-leading initiatives which achieve real impacts, including the ITSCI programme to resolve conflict mineral concerns, and...Read More
Infill drilling in the southwestern part of the Marathon deposit in Newfoundland continues to return high-grade gold intercepts, Marathon Gold (TSX: MOZ) reports.The company recently completed its 41,000-metre step-out and infill drill program for 2018, and assays include 5.36 grams gold over 11 metres from 26 metres below surface in hole MA-18-330; 3.63 grams gold over 10 metres from 134 metres...Read More
Nov 22, 2018 Guest(s): Sepantra Dorri VP, Corporate & Stakeholder Dev., Teranga Gold Despite some analysts predicting that we are about to, or have already, reached peak gold, one miner is continuing record production. Teranga Gold has been steadily increasing reserves at their flagship West African project, the Sabodala Gold Mine, this according to Sepantra Dorri, VP of corporate development of...Read More
Mr. Eric Fier reportsSILVERCREST FILES MINERAL RESOURCE TECHNICAL REPORT ON THE LAS CHISPAS PROPERTYSilvercrest Metals Inc. has filed a technical report titled, "Technical Report and Updated Mineral Resource Estimate for the Las Chispas Property, Sonora, Mexico," dated Nov. 19, 2018, with an effective date of Sept. 13, 2018. The Las Chispas report was completed for Silvercrest by N. Eric Fier, CPG...Read More
Mr. Jean Martineau reportsDYNACOR PRODUCES 7,352 OUNCES OF GOLD IN OCTOBER, ITS BEST 2018 MONTHLY RESULTSDynacor Gold Mines Inc. has provided its October gold production results, which were the best monthly gold production results in 2018. In October, the corporation produced 7,352 ounces of gold, an 11-per-cent monthly average increase from the previous nine months. The total amount of ore purcha...Read More
Mr. David Wolfin reportsAVINO ANNOUNCES MANAGEMENT CHANGES Avino Silver & Gold Mines Ltd.'s Malcolm Davidson, chief financial officer, will depart the company immediately."Mr. Davidson spent eight years with Avino, and we wish him the best in his future endeavours," said David Wolfin, president and chief executive officer. "He built a strong finance team, which will manage the transition to a...Read More
Delrey Metals (CNSX: DLRY) has finished its $165,000 phase one exploration program at its Sunset cobalt-copper-zinc property in southwest British Columbia.In September 2018, the company took 708 soil samples at Sunset as well as 68 rock samples and 11 stream sediment samples. The company had previously collected 436 soil samples at Sunset, and a previous operator collected 938 soil samples. As a...Read More
(Kitco News) - Even though U.S. retail sales will not beat last year’s performance – the strongest in more than a decade – the 2018 holiday season will still be a “cheerful” one, IHS Markit said in its outlook.Retail sales during the winter holidays will grow 4.4% over last year, which saw a 5.7% increase — the best results since 2005, said IHS Markit associate...Read More
Mr. David Wolfin reportsCORAL ANNOUNCES MANAGEMENT CHANGESMalcolm Davidson, chief financial officer, will depart Coral Gold Resources Ltd. immediately."Mr. Davidson spent eight years with Coral and we wish him the best in his future endeavours," said David Wolfin, president and chief executive officer. "He built a strong finance team which will manage the transition to a new CFO effectively."The c...Read More