While rising interest rates have weighed on the gold price since it hit its most recent peak of over US$2,050 per oz. in March, exploration for the yellow metal is still running hot. Below are the top 10 best gold drill results for listed companies for the year to date and are ranked by gold grade x width, as identified by our sister company Mining Intelligence. Best gold drill results YTD.1 KIEN...Read More
Southern Silver Exploration (TSXV: SSV) has released a preliminary economic assessment (PEA) for its 100%-owned Cerro Las Minitas silver project about 70 km northeast in Durango state, Mexico. The PEA puts gross revenues over 15 years of mining at US$3.7 billion.With an initial capital requirement of US$341 million for a large-scale, underground mine, the study puts the after-tax net present value...Read More
New Found Gold (TSXV: NFG; NYSEA: NFGC) announced plans last week to launch an at-the-market equity offering to raise up to $130 million for exploration at two, wholly owned gold projects in Newfoundland.The company has a 400,000-metre drill program underway at the Queensway project 15 km west of Gander, N.L. It also anticipates updating the resource estimate at Lucky Strike east of Kirkland Lake,...Read More
Japan's Honda Motor and South Korean battery maker LG Energy Solution plan to invest US$4.4 billion to build a new battery production plant for electric vehicles in the U.S.The news comes on the heels of a string of recent announcements that aim at cutting China out of supply chains for EVs.It also marks the latest plans by automakers to invest in U.S. production of battery cells for EVs, as the i...Read More
Three diamond drills are turning at Collective Mining's (TSXV: CNL; US-OTC: CNLMF) newly discovered copper-gold-silver Apollo target in west-central Colombia.Apollo is one of eight porphyry-related targets the company has found within a 3-km by 4-km cluster, and is part of the Guayabales project, where it has an option to earn 100% interest.The new results are from two diamond drill holes - APC-3...Read More
The S&P/TSX Venture Composite Index drifted slightly lower over the Aug. 8-12 trading session by 0.6% or 3.99 points to end the week at 645.92. Shares in lithium developer Sigma Lithium rose $5.98 or 23.4% during the session to end at $31.53 apiece. Sigma continues with construction of its Grota do Cirilo spodumene project in Brazil's Minas Gerais state, with commissioning of the first-phase pla...Read More
Over the Aug. 22-26 trading period, the S&P/ TSX Composite Index fell 238.09 points or 1.18% lower, to 19,873.29. The S&P/TSX Global Mining Index gained 2.37 points or 2.54% to 95.54, and the S&P/TSX Global Base Metals Index gained 8.5 points or 5.28% to 169.6. The S&P/TSX Global Gold Index fell by 2.89 points or 1.22% to 233.36, and spot gold ended the week at US50 ? per oz. higher, or 0.29%, at...Read More
The Dow Jones Industrial Average fell 1,423.34 points or 4.22% to 32,283.40, and the S&P 500 closed the trading week at 170.82 points or 4.04% lower at 4,057.66.The week's top US-based value gainers were three potash companies, highlighting an intensifying supply squeeze brought on by Russia's war in Ukraine.Intrepid Potash was the trading week's top value gainer, adding US$12.73 to close at US$55...Read More
The need to discover new sizeable economic nickel deposits has never been more acute as the world transitions to a clean-energy-driven economy that relies heavily on nickel-based battery technologies and more robust nickel-infused steel products. Set against this backdrop, The Northern Miner presents a top-ten ranking of the best nickel drill intercepts reported up to Aug. 17, 2022, with the top...Read More
Graphite One (TSXV: GPH; US-OTC: GPHOF) has released a prefeasibility study on developing a mine at its Graphite Creek property in Alaska and building a battery anode materials manufacturing plant in Washington state. The study was based on a proposed mine life of 23 years and a 26-year operating life for the manufacturing plant, which would use purchased graphite for the first four years until t...Read More
Colombian finance minister Jos?(C) Antonio Ocampo said the government has withdrawn a plan to introduce a 10% duty on gold exports included in the tax reform bill submitted by the new leftist government of President Gustavo Petro in early August.The proposal sought a 10% export tax on the value of gold exports whenever the metal price exceeded US$400 per ounce.The benefits of such plan would have...Read More
Our TNM Drill Down feature highlights the top gold assays of the past week. Assays are ranked by gold grade x width, as identified by our sister company Mining Intelligence. TNM Drill Down Aug. 19-26, 2022.Brisbane-based Santana Minerals (ASX: SMI) delivered the top intercept of the week from its Bendigo-Ophir project in New Zealand's Central Otago goldfields. Hole MDD054 cut 1 metre of 1,400...Read More
Vancouver-based American Pacific Mining (CSE: USGD; US-OTCQX: USGDF) has announced the acquisition of Constantine Metal Resources (TSXV: CEM) and its Palmer zinc-copper-gold-silver volcanic massive sulphide project north of Haines in Alaska.The transaction provides American Pacific with a second, advanced-stage asset under an active joint venture exploration agreement with a much deeper-pocketed p...Read More
More than a decade after the 2011 nuclear accident at the Fukushima Daiichi nuclear power plant in Japan roiled the uranium industry, the country has announced a major policy shift towards restarting idled reactors.On Aug. 24, Prime Minister Fumio Kishida announced that Japan would restart more suspended nuclear power plants and look at developing next-generation reactors. This represents a signif...Read More
Rio Tinto (NYSE: RIO, ASX: RIO) announced Friday it is investing $35 million to build a new aluminum recycling facility at its Arvida Plant in Saguenay-Lac-Saint-Jean, Que.The investment will expand its offering of low-carbon aluminum solutions for customers in the automotive, packaging and construction markets and the facility will make Rio Tinto the first primary aluminum producer in North Ameri...Read More
Nevada Copper (TSX: NCU; US-OTC: NEVDF) plans to restart and ramp up its Pumpkin Hollow underground mine in Nevada and has agreed to non-binding terms with lenders for up to US$93 million. The restart plan involves de-bottlenecking and completing critical capital projects and building up stope ore inventory in order to achieve a more efficient ramp up once the mill restarts, as well as reducing c...Read More
Four months after closing the acquisition of Canada's Noront Resources and its Eagle's Nest project in Ontario's Ring of Fire, one of the world's largest undeveloped high-grade nickel sulphide deposits, privately held Wyloo Metals is investing A$150 million in Hastings Technology Metals (ASX: HAS), a rare earths developer in Australia.Hastings Technology, which hopes to become the world's next pro...Read More
Explore streaming news video about small-cap companies in Canada and the U.S.New videos are produced daily focused on key market news.Read full newsRead More
Sometimes, when everything is down, the best thing you can do is start locking in income plays. This is because low share prices equal high yields that pay out regardless of what the market is doing. Then when things eventually come back up, you can cash in on the capital gains - or you can just keep collecting at the same high yield you bought in at. So right now, with the S&P 500 down 13% fro...Read More
Share this articleVANCOUVER - Orea Mining Corp. [OREA-TSX, OREAF-OTCQX, 3CG-FRA] shares rose sharply Wednesday after the company said it has secured a 100% interest in the Montagne d'Or gold deposit in French Guiana by acquiring the 55.01% interest held by United Kingdom-based Nord Gold SE [NORD-LSE].Montagne d'Or is a permitting-stage open pit gold mining project that hosts proven reserves of 8...Read More