China's schedule to rename copper and aluminium scrap metal as renewable materials in July is not likely to be met, Fastmarkets has learned."There are only two weeks to go and nothing has been heard from Chinese customs yet," a source familiar with the matter said, adding that the delay could be more than one month.Currently, copper, brass and aluminium scrap imports are sold to the country under...Read More
June 11, 2020 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce the start of its 2020 exploration program at its wholly owned Thorn Project located in the Golden Triangle of British Columbia. Over the winter months Brixton compiled 154 assessment reports to cover its recently acquired mineral claims. In addition, the Company engaged Fathom Geophysics to a...Read More
Results from the second phase of Minera Alamos' (TSXV: MAI) drill program at its wholly owned Santana project in Sonora have expanded mineralization at the Nicho zone to the southwest and suggest potential for additional extensions at depth.The company's most recent release includes eight drill hole assays - seven are from the Nicho zone while one is from the Divisadero target area.The highlights...Read More
Since its first sale through its Clara sales platform in late 2018, Lucara Diamond (TSX: LUC) has sold US$12.1 million worth of diamonds using the digital technology.The sales platform is designed to modernize the diamond sales process - uploading scanned images of each stone, selling each diamond individually, meeting exact manufacturer specifications, and, as opposed to an auction process, allow...Read More
Silvercorp Metals (TSX: SVM; NYSE: SVM) has decided not to match a third-party superior bid for Guyana Goldfields (TSX: GUY), and said that if the takeover target terminates an agreement they signed in April, it would have to pay the company $9 million (US$6.7 million).The Vancouver-headquartered miner, which produces silver, lead and zinc from mines in China, originally offered $105 million (abou...Read More
BHP (NYSE: BHP; LSE: BHP) will place on hold part of its expansion plans for its South Flank iron ore project in Western Australia (WA), which would have destroyed dozens of sacred Aboriginal sites.The move follows a national backlash over Rio Tinto's (NYSE: RIO; LSE: RIO) blasting of a 46,000-year-old indigenous site last month in the resource-rich Pilbara region.Western Australia's Aboriginal Af...Read More
George Floyd has galvanized the world in a manner that countless other race-related murders have not. It is a moment to be seized and First Cobalt has lent its voice to change on Twitter:FCC: https://twitter.com/FirstCobalt/status/1269470197125124098Trent: https://twitter.com/TrentMell/status/1269473735150624768It is important for all of us to participate in the global dialogue that was provoked...Read More
Evrim Resources (TSXV: EVM) is combining forces with Renaissance Gold (TSXV: REN; US-OTC: RNSGF) in a 'merger of equals' and forming a new company called Orogen Royalties that will focus on project generation and royalty creation.The boards of both companies have approved the transaction, which will see each Renaissance share exchanged for 1.2448 Evrim shares. Once completed, Renaissance and Evrim...Read More
Rupert Resources on a Roll at IkkariSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesI was reminded in the past week of a speech by former Australian prime minister Gough Whitlam in which he said, "any government which contin...Read More
Brussels, 11 June 2020 - Bioenergy Europe, in collaboration with the European Biogas Association, launches the second chapter of its Statistical Report 202...Read full newsRead More
State revenue from gold mining companies in Mali surged 63.5% to 403.6 billion CFA ($702 million) in 2019 compared with 2018, boosted by a strong turnover from companies operating in the West African nation, the government said on Wednesday.Read full newsRead More
Gold prices have retreated again. But buying into some choice metal producers remains a good idea given the sunny outlook for bullion demand.Read full newsRead More
Japan Gold Corp (TSXV:JG) (OTCQB:JGLDF) (Read full newsRead More
eMetals Limited (ASX:EMT) are pleased to announce the Company has entered into a conditional binding tenement sale and purchase heads of agreement (Agreement) setting out the terms upon which eMetals may acquire a 100% legal and beneficial right, title and interest in Western Australian mineral tenement E20/896 and a 90% legal and beneficial right, title and interest in Western Australian mineral...Read More
Gold investment demand remains strong, buoying the yellow metal and its miners' stocks. Investors have continued actively diversifying into gold despite soaring stock markets and weaker summer seasonals. The Fed's extreme money printing fueling these precarious stock-market heights is perilously inflationary, making upping gold portfolio allocations essential. This ongoing capital shift is likely...Read More
Many miners, some for the firsttime, are experiencing the downside ofglobal supply chains, ultra-lean operationsand specialisation. Image from Agnico Mines. The global Top 40 mining companies are so far weathering thecovid-19 storm mostly unscathed, but the longer-term impacts remain uncertain and ongoing disruption is likely, according to PwC's Mine 2020 report.The International Monetary Fund (I...Read More
B2Gold's Masbate gold mine in the Phillippines. Image by B2Gold The board of directors of B2Gold (TSX: BTO) on Friday approved a cash dividend for the second quarter of $0.02 per share, up from its previous quarterly dividend of $0.01 per share.The company says it expects to declare future quarterly dividends at the same level, which would increase its annual dividend from $0.04 to $0.08 per shar...Read More
Alces Lake property. (Image courtesy of Appia Energy). About 80-85% of North America's rare earths supply currently comes from China, a situation that is becoming untenable, given the US-China trade war tensions and coronavirus pandemic.Shutdowns to manufacturing plants in China that could potentially cut off rare earths imports shone a spotlight on the fact that North America is reliant on China...Read More
Prince George, British Columbia. Credit: Wikipedia In connection with its proposed C$190 million acquisition of the Blackwater project from New Gold (TSX: NGD), Artemis Gold (TSXV:ARTG) is undertaking a bought deal private placement of 31.5 million subscription receipts priced at C$2.70 each, as well as a non-brokered offering of receipts at the same terms to insiders, to raise gross proceeds of...Read More
Aerial view of the Magino project (Credit: Argonaut) Argonaut Gold has completed a key permitting milestone for its Magino gold project in Ontario, which included consultation with Indigenous communities and members of the public. According to the company, the completed Schedule 2 amendment of the Metal and Diamond Mining Effluent Regulations is an important authorization for the site."From a p...Read More