The Hague-based Permanent Court of Arbitration has awarded South American Silver US$18.7 million for amounts invested and another US$9 million in interest for its Malku Khota concession, which the Bolivian government revoked in 2012.The company, now owned by TriMetals Mining (TSX: TMI; US-OTC: TMIAF), had sought compensation for damages in the amount of US$385.7 million, which included US$ 307.2 m...Read More
Sabina Gold & Silver's (TSX: SBB) Back River project is already expected to produce an average of 198,000 ounces of gold a year over an initial mine life of twelve years at all-in sustaining costs of US$620 per oz. gold. However, those numbers were released in a September 2015 feasibility study, and the company has continued to make significant new discoveries on its 54,000-hectare property in Nun...Read More
BTU Metals (TSXV: BTU) has expanded its Dixie Halo gold project in Red Lake, Ont., by acquiring Burgudy Exploration and its 41.6 sq. km of prospective land in the area. Dixie Halo surrounds Great Bear Resource's (TSXV: GBR; US-OTC: GTBDF) Dixie gold project and raises BTU's total Red Lake land position to 129 square kilometres.BTU will acquire Burgundy for 3.6 million shares. Burgundy's claims com...Read More
Mirasol Resources (TSXV: MRZ; US-OTC: MRZLF) is about to do something it doesn't do often: drill one of its own projects.The Argentina and Chile focused precious metals project generator is in the middle of a $4.5 million exploration initiative at its gold-silver-copper projects in Chile and Nico gold-silver project in Argentina. It intends to spend $1.51 million exploring Nico alone, which it's c...Read More
Drilling company Foraco International (TSX: FAR) has reported that a terrorist attack at its camp in Toumour Village in Niger's remote southeast has left 8 people dead and five wounded.The company said that at around 2 AM on Nov. 22, a group of terrorists attacked a small building where a Foraco team was sleeping and killed seven Foraco personnel and one civil servant. Five other employees were wo...Read More
Scrolling through the website of Lightbox Jewelry soon after its launch in late September, three things jump out at you.First, the website declares its product is lab-grown diamonds.Second, the pricing is consistent, regardless of the colour of the synthetic diamonds on offer (white, pink or blue) and surprisingly low. It also increases proportionally with size.And third, there are no rings for sa...Read More
Precious metals streaming and royalty company Maverix Metals (TSXV: MMX) forecasts it will exceed its previously announced guidance for the year of 18,000 to 19,000 gold-equivalent ounces.In the third quarter, Maverix recorded attributable gold-equivalent ounces sold of 6,195 ounces, and in the nine months ended Sept. 30, the company's total attributable gold-equivalent production reached 15,236 o...Read More
Star Diamond (TSX: DIAM), formerly Shore Gold, has received approval for its Star-Orion South diamond project from Saskatchewan's environment minister. The project is located near Fort ? la Corne, in the central part of the province.The federal environment assessment agency announced its positive decision in December 2014. Additional permit approvals from the provincial and certain municipalities...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
An ore shortage in the first half of the year and a challenging underground ramp-up at its Renard mine led Stornoway Diamond (TSX: SWY) to close a $129-million financing in October. But Stornoway president and CEO Matt Manson says that all the pieces are now in place, and the company is set to be cash-flow positive in 2019.Stornoway achieved commercial production at Renard, in north-central Quebec...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 d...Read More
In July, Dunnedin Ventures (TSXV: DVI) announced the discovery of a new kimberlite pipe on its Kahuna project in Nunavut.The KH10-11 pipe was tested with a rotary air-blast drill hole to 112 metres depth, ending in kimberlite. Diamond results from KH10-11, which the company notes contained garnets and possible mantle xenoliths in about 100 metres of continuous kimberlite, were pending at press tim...Read More
IDM Mining (TSXV: IDM; US-OTC: IDMMF) has added a third underground drill at its Red Mountain underground gold-silver project, east of Stewart, British Columbia. The company has increased its drill program by 5,400 metres; it will now drill 13,000 metres across 54 holes.With its 2018 drilling, the company is testing various zones at Red Mountain, including the northern and western extensions of th...Read More
Following up on last year's discovery of the diamond-bearing ML8 kimberlite at its Mel project in Nunavut, North Arrow Minerals (TSXV: NAR) completed the first ever exploration drilling campaign at the project.Six holes totalling 787.5 metres were completed, with five intersecting kimberlite.Drilling at ML8 extended its strike length to more than 170 metres. Three holes tested the kimberlite, inte...Read More
Any new diamond exploration venture that gets off the ground these days is a notable one.Indeed, Bruce Counts, the CEO of Lithoquest Diamonds (TSXV: LDI), was involved with private company Proxima Diamonds, an explorer focused on the Slave Craton in the Northwest Territories that was planning to launch publicly in 2014."Unfortunately, the timing wasn't great," Counts says, and the public listing d...Read More
The U.S. southwestern states continue to be a hotbed of junior activity in exploration, development and mining, with gold, silver, copper and lithium still the targets of choice. The following is a sampling of seven such companies with active programs in the region.AMERICAN PACIFIC MININGAmerican Pacific Mining (CSE: USGD) describes itself as a new gold explorer focused on precious metal opportuni...Read More
While the world's commodity markets and the broader stock markets weather a jittery season of lower lows and seething dread, there is one relatively obscure metal that is doing just fine, thank you: vanadium.The minor metal that is a key ingredient in advanced steelmaking is seeing record price highs as we go to press in mid-November.Three-year chart of vanadium pentoxide price in US$ per pound. C...Read More
In 2013, De Beers Canada turned down a chance to own a majority stake in Peregrine Diamonds' Chidliak project in Nunavut.Five years later, it now owns the project outright.What changed in that time period? De Beers Canada CEO Kim Truter says that the timing just wasn't quite right the first time around."I always say to people that to develop a mining business, you need a few stars to line up and o...Read More
Lucara Diamond (TSX: LUC) announced in October that its new sales platform Clara Diamond Solutions, is ready for its first sale of diamonds in November.The platform is meant to modernize the diamond selling process and improve margins for both buyers and sellers. Sales through Clara will be stone by stone rather than by assortments, which the company says will achieve the best possible price for p...Read More
Pan American Silver's (TSX: PAAS; NASDAQ: PAAS) friendly acquisition of Tahoe Resources (TSX: THO; NYSE: TAHO) in a cash-and-share deal valued at US$1.07 billion will double the company's silver reserves and create the largest publicly traded silver mining company by free float.Tahoe Resources owns and operates the Escobal silver mine in Guatemala (now on care and maintenance), the La Arena and Sh...Read More