MICROMINE will be attending the American Exploration & Mining Association's 2018 Annual Meeting in Spokane, Washington.The AEMA 2018 Annual Meeting will be held at the Spokane Exhibition Center on December 2nd - 7th and will feature over 100 speakers and 250 exhibitors as well as a core shack over the 6 days. MICROMINE is focused on digitalization opportunities that are cost effective, add value a...Read More
Anglo American (LON:AAL) has increased its copper production guidance from its Chilean operations this year to 660,000 tonnes, up from a range of 630,000 to 660,000 tonnes previously anticipated, based on planned expansions at its Los Bronces and Collahuasi mines.The world's number four diversified miner has also set new targets for the next three years. It now expects to generate between 630,000...Read More
Mountain Province Diamonds (TSX, NASDAQ: MPVD) issued a statement today saying it expects the Gahcho Ku?(C) mine, its joint venture with De Beers, to produce between 6.6 and 6.9 million carats in 2019, recovered after processing 3.1 to 3.2 million tonnes of ore.This guidance for the new fiscal year estimates that production costs would be up to CAD$120 per tonne of ore processed and of CAD$50 to...Read More
Nevada Zinc (TSXV: NZN) announced today that it has started a Preliminary Economic Assessment on its flagship Lone Mountain zinc project.The project is located in Eureka County, east-central Nevada, and it comprises 231 claims covering 1,619 hectares. Nevada Zinc has run some drill programs on the property with results showing numerous broad intersections of medium to high-grade non-sulphide zinc...Read More
LONDON - Nigeria has awarded a mining contract to ten exploration and consulting companies as part of the country's efforts to develop the sector, the mining and steel development minister said on Tuesday.Abubakar Bawa Bwari did not say how much the contracts were worth but in July he had said eight firms would be awarded a government contract to the tune of 12.7 billion naira ($41.5 million).Nige...Read More
Demand for electric cars will continue to surge irrespective of oil prices as consumers buy into a technology aimed at making driving fun while being environmentally friendly, according to Royal Dutch Shell Plc."It's a technology many of our customers like," Istvan Kapitany, head of Shell's global retail business, said in an interview in St. Petersburg, Russia. "They get a joy out of it, they feel...Read More
Societe Miniere de Boke, which mines aluminum raw material bauxite in Guinea, signed agreements with the West African nation to spend $3 billion on a railway, an alumina refinery and the development of new mining areas.The 135-kilometer (84-mile) railway, which will link mining operations to a river terminal, will cost an estimated $1.2 billion and is expected to start operations in 2022, the grou...Read More
Minnesota- based Tacora Resources has secured the needed cash to restart the Scully iron ore mine at Wabush, Newfoundland. Funds are available from a $212 million private equity and senior secured debt financing as well as up to $64 million in mining equipment and debt financing.Tacora acquired the Scully mine in July 2017 and conducted a feasibility study for the mine's reopening. The results w...Read More
Additional drilling at its 100%-owned Ayawilca project in the zinc-lead-silver belt of central Peru, 200 km northeast of Lima, has significantly grown the project's resource estimate from a maiden resource estimate in 2015, according to Tinka Resources (TSXV: TK). The carbonate replacement deposit at Ayawilca contains two different types of mineralization; tin-copper mineralization (the tin zone...Read More
Over the course of the past few months, we've been hearing more and more about the growing crisis emerging from the oil-rich province of Alberta. Specifically, Canada's pipelines are heavily backed up and at capacity and unable to meet the growing demand to reach refineries within the U.S.Additionally, a growing discontent from just about anywhere outside of Alberta towards building pipelines to r...Read More
Russel Metals Inc. (TSX:RUS), is once again hitting 52-week lows. The Canadian metal manufacturer has been under pressure from a variety of sources which has caused the stock to sell off significantly over the last couple of weeks. This stock has a number of positive attributes that could potentially make it a value investors dream.The fact that the oil price, especially in Canada, has been under...Read More
Mr. Murray Payne reportsDYNACERT ANNOUNCES OFFERING AMENDMENT, PROPOSED OVERSUBSCRIBED SECOND TRANCHE CLOSING AND WARRANT AMENDMENTSDynaCERT Inc. has received subscriptions for an aggregate of $2,454,480 in respect of the proposed closing of the second tranche of its financing previously announced of up to $3-million of units (see press releases of Sept. 18, 2018, Sept. 20, 2018, and Sept. 25, 201...Read More
Group Eleven Resources Corp. has updated the resource estimate for its 60%-owned Ballinalack zinc project. It hopes to develop the country's next major zinc mine. (The remaining 30% of the project belongs to Shenzhen Zhongjin Lingnan Nonfemet Co.)Ballinalack has a historic resource of 7.7 million tonnes grading 7.3% combined zinc and lead based on a 1991 report. Group Eleven has spent more than $3...Read More
Mr. Dan Stuart reportsJUGGERNAUT ARRANGES $1,650,000 FUNDING Juggernaut Exploration Ltd. has arranged a non-brokered private placement forgross proceeds totalling $1.65-million. The offering has strong support from both institutions andaccredited investors alike in both the Americas and Europe. Upon closing, Juggernaut Exploratoin will be firmlypositioned to meet its 2019 exploration commitments o...Read More
Mr. Akiko Levinson reports IRVING RESOURCES COMPLETES NON-BROKERED PRIVATE PLACEMENTIrving Resources Inc. has closed the non-brokered private placement announced on Nov. 20, 2018. The company raised $2,083,802 by the issuance of 1,894,365 units at a price of $1.10 per unit.Each unit consists of one common share of the company and one-half of a share purchase warrant.Each whole warrant is exercisab...Read More
Publisher's Note: We're fortunate enough to have access to the legendary Mr. James Dines and his renowned research. Mr. Dines is "The Original Gold Bug" and has been on the forefront of covering investing in China, giving him an unprecedented depth of perspective on the escalating trade war. Here is an excerpt from The Dines Letter.To your wealth,Nick HodgePublisher, Outsider ClubIn War: Reso...Read More
The management at Vancouver-based Pure Gold must be pleased with the results of test mining at the Madsen gold mine 16 km west of Red Lake.The test is complete having mucked 7,096 tonnes of mineralization from three separate stoping areas, and the results exceeded expectations by almost any criteria.Using a 4.0 g/t gold cut-off, the bulk sample had 46% more tonnes, an 8% higher gold grade, and an...Read More
Surge Exploration Inc. (TSXV: SUR) (OTC: SURJF) today announced that it has entered into a purchase and sale agreement with Venture Capital IQ to acquire a 100% interest in nine mineral claims comprising 197 square kilometres in the Omineca Mining Division in north central British Columbia.The company stated that the region is host to numerous operating mines, good infrastructure including experie...Read More
The TSX Venture Exchange has accepted for filing the following share purchase agreements. A share purchase agreement dated Aug. 12, 2018, between the company and Jayden Resources Inc., whereby the company will acquire an 80-per-cent interest in the Silver Coin property located in British Columbia.The purchase is through the acquisition of the issued shares of Jayden Resources (Canada) Inc. Conside...Read More
Metals Creek Resources (TSXV: MEK) today announced that the company has begun diamond drilling on 10 patented mining claims on the Garrison project northeast of Kirkland Lake, Ontario.The Garrison Project is contiguous with Osisko Mining to the west, south and east and contiguous with Kirkland Lake Gold to the north.The diamond drill program will consist of 5 holes targeting several induced polari...Read More