Shares in explorer SolGold (LON, TSX:SOLG) closed 2.3% higher in London and were trading up 8.3% in Toronto early morning after it announced it had discovered a new copper and gold mineralization at its Porvenir project, located in southern Ecuador.A broad zone of northeast-trending porphyry mineralization about 1km-wide and hosting numerous porphyry centres currently defined over 6km-long and...Read More
by Robert KientzSummaryI discuss the recent streaming deal with Northern Vertex CEO Ken Berry.We also go over the $8 million private placement.During the interview, we cover extensively the accomplishments for 2018 as well as the options the company has to expand production and acquire new assets.I analyze the optionality for both companies, Maverix and Northern Vertex.I discuss why this deal, alo...Read More
Gold rallied substantially toward the end of 2018, and it's now trading at close to US$1,290 per ounce. This can be attributed to rising uncertainty concerning the global economic outlook and greater geopolitical risk fueled by Trump's erratic approach to policy making. That notable increase sees the yellow metal up by around 1% over the last year and has been a boon for gold miners.Despite gold's...Read More
Activists are calling on Canadian and U.S. securities commissions to investigate two Vancouver-registered mining companies for what they say is a failure to properly inform shareholders of conflicts concerning Guatemala's Escobal mine - one of the largest silver mining projects in the world.Canada's Justice and Corporate Accountability Project (JCAP) has filed complaints with the British Columbia...Read More
Epiroc, a leading productivity partner for the mining, infrastructure and natural resources industries, has completed the acquisition of Fordia Group Inc., a Canadian manufacturer of exploration drilling tools.Fordia Group is based in Montreal, Canada, and has sales in more than 70 countries. It provides exploration drilling tools such as diamond bits, down-the-hole tools, drill rods and drill cas...Read More
Japan's Ministry of Economy, Trade and Industry has approved Irving Resources' (CSX: IRV) Otoineppu prospecting plan, which includes drilling, at its Omu Sinter prospect, part of its 100% owned Omu gold-silver project near Hokkaido, Japan.Irving will now submit a mine safety regulation permit to the Japanese government. The company meanwhile is trying to get work permits for a Canadian drill crew...Read More
Dallas, Texas-based The Crosby Group LLC, the largest lifting, rigging, and material handling hardware company in the world, has completed the acquisition of Straightpoint UK (SP), a manufacturer of load cells and force measurement equipment. The value of the transaction is not disclosed.The acquisition, effective Jan. 2 2019, includes the manufacturing facility and headquarters, co-located in Ham...Read More
The Diamond Producers Association (DPA), announced today the appointment of Kristina Buckley Kayel as Managing Director of its North American division.Buckley Kayel, who assumes her new role on Feb. 4, 2019, will be responsible for developing and implementing the DPA's consumer marketing and communications strategy, with a focus upon the "Real is Rare. Real is a Diamond." platform, as well as...Read More
ISM's manufacturing index fell to 54.1 in December, its lowest level since November 2016."The manufacturing community continues to expand, but at much lower levels and at a sharp decline from November," says Timothy Fiore, chair of the Institute for Supply Management.Fred Imbert| @foimbertPublished 10 Hours AgoUpdated9 Hours AgoCNBC.com Luke Sharrett | Bloomberg | Getty ImagesA worker handles a...Read More
Private payrolls rose by 271,000 in December, smashing Reuters estimates of 178,000, according to an ADP/Moody's report.The gain was the highest since February 2017 and brought the monthly average for 2018 to 203,000.The report comes amid worries that the U.S. economy is slowing.Jeff Cox| @JeffCoxCNBCcomPublished 12 Hours AgoUpdated11 Hours AgoCNBC.com show chapters ADP December payrolls up 271...Read More
by Robert KientzSummaryI discuss the recent streaming deal with Northern Vertex CEO Ken Berry.We also go over the $8 million private placement.During the interview, we cover extensively the accomplishments for 2018 as well as the options the company has to expand production and acquire new assets.I analyze the optionality for both companies, Maverix and Northern Vertex.I discuss why this deal, alo...Read More
BloombergAn employee fills out paperwork as vehicles move down the assembly line at the Subaru of Indiana Automotive Inc., a wholly-owned subsidiary of Fuji Heavy Industries Ltd., manufacturing facility in Lafayette, Indiana. The numbers: A survey of American manufacturers showed the slowest growth in December in 15 months, reflecting a dip in confidence among executives about how their businesse...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday January 3, with copper futures sinking to their lowest level since June 2017, while tin's three-month price climbed to a four-month high. Topping complex volumes, with 23,800 lots changing hands, copper's three-month price closed below $5,800 per tonne for the first time since August 2018 and was th...Read More
Treatment and refining charges (TC/RCs) for spot copper concentrates dropped at the end of December, with smelters returning to the market in earnest to pick-up tonnes after securing annual contracts.The Fastmarkets copper concentrate TC/RC index dropped to a three-and-a-half month low of $84.30 per tonne / 8.43 cents per lb on December 31.Spot terms have been inching down since the start of the m...Read More
Anglo American's base metals division will get its own executive to run operations as part of a change to its top management team, the company said on Thursday January 3. Base metals operations, which currently function under the strategy and business division, will be separated on March 1 and run by Ruben Fernandes, the current chief executive officer of Anglo American Brasil. The miner has also...Read More
Fastmarkets worked to empower its customers in 2018 - a year when they had to navigate metal markets in which fundamentals were often tightening even as greater political restraints were placed on trade than for many years.Here's a quick review of the key developments, which also indicate our direction for 2019:We consulted in detail with the industry to meet its requirements for greater transpare...Read More
The company said in early December the Ethiopian government would formally sign off on its resettlement plan, project financing and construction schedule for the gold project "in the coming weeks". Sign-offs are needed for these on top of the mining licence, which Kefi got in 2015. The company now says this round of approvals will be done by the end of January."We reported that we expect...Read More
Treatment and refining charges (TC/RCs) for spot copper concentrates dropped at the end of December, with smelters returning to the market in earnest to pick-up tonnes after securing annual contracts.The Fastmarkets copper concentrate TC/RC index dropped to a three-and-a-half month low of $84.30 per tonne / 8.43 cents per lb on December 31.Spot terms have been inching down since the start of the m...Read More
The Vancouver Resource Investment Conference (VRIC), to be held on January 20-21, is shaping up to be the largest show in six years, organiser Cambridge House International CEO Jay Martin told MiningRead More
There have been no details released on the pricing multiple paid by Potentia or even how large a stake it bought.Micromine, among the world's largest privately-owned mining software and technology companies in a fragmented market, produces geological exploration, data management, resources estimate, three-dimensional mine design, planning and production control solutions.Potentia is a Sydney-...Read More