RAPAPORT... De Beers has temporarily stopped work at the Gahcho Ku?(C) mine in Canada following the death of an employee at the site."We are deeply saddened to confirm that an employee...succumbed to injuries sustained in an incident at Gahcho Ku?(C)," the miner said last week. "The circumstances around what happened are under investigation by the appropriate authorities. All nonessential work at...Read More
(IDEX Online) - Kyrgyzstan, the former Soviet republic, and one of the world's poorest countries, says it has diamond deposits.The central Asian nation has never before reported diamond deposits. In 2020 it imported a negligible $61,000 of diamonds, primarily from UAE.Kanatbek Madumarov, the Kyrgz Director of Precious Metals Department, said the geological explorations were ongoing, but noted...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDThe company ended the June quarter with US$21.1 million in cash and a $40 million working capital deficit.Read More
Centerra's board and executive search firm will look for a long-term replacement for Perry who has also resigned from him position as a director of the firm.Read More
"This is an extremely frustrating development where we have been seeking clarification from the authorities since the new board became aware of the issue in June," Caerus CEO Charles Long said.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 23 points in pre-opening trade.Bed Bath & Beyond dropped $1.21 to $7.42 on news that the company's Chief Financial Officer died by suicide.Discover Financial slipped $0.28 to $99.25 after JP Morgan downgraded the stock from Overweight to Neutral.FedEx dropped $3.32 to $205.40 after Citigroup downgraded the stock fr...Read More
This week's episode features Northern Miner podcast host Adrian Pocobelli on mining stories from around the world, including new smelter shutdowns in Europe, warnings from Taiwan, Chinese gold buying, opportunities for Canada, joint ventures between mining companies and automakers, and a surprising amount of tragedies at mines. All this and more with host Adrian Pocobelli.Music Credits:"Rattl...Read More
A newly released assessment of global tailings management facilities (TMFs) data paints a jarring picture showing that relative to global mine production, there has been no improvement in the rate of significant failures, according to watchdog World Mine Tailings Failures (WMTF).According to data released for the first time on Tuesday, the rate was constant at 0.09 failures per billion tonnes of p...Read More
An investigation is underway at the Gahcho Ku?(C) Mine site in the Northwest Territories following the death of a worker in an accident there on Thursday.Inspectors from the territorial Workers' Safety and Compensation Commission (WSCC) are at the diamond mine and have started their investigation, WSCC communications officer Shannon Moore told The Northern Miner in an email.It was not known when o...Read More
Chile's national mining association SONAMI has welcomed the weekend rejection of the proposed new constitution for the world's number-one copper producer, sending lawmakers back to the drawing board to create a more inclusive document prioritizing the country's unity.Chileans overwhelmingly rejected the proposed new constitution during a referendum on Sept. 3, handing left-leaning President Gabrie...Read More
NioCorp Developments' (TSX: NB; US-OTC: NIOBF) demonstration-scale processing plant in Quebec has started processing ore samples from the company's Elk Creek critical minerals project in Nebraska. The plant is intended to demonstrate that the company can extract and separate rare earth elements from ore mined at the project, and that its simplified process for producing niobium, scandium and titan...Read More
Centerra Gold (TSX: CG; NYSE: CGAU) said on Tuesday it had named director Paul Wright as interim president and chief executive to replace Scott Perry, without providing reasons for the sudden change at the top.The company said Perry, who led Centerra for seven years, had also resigned as a director of the company and will not be nominated for election at its upcoming annual meeting by the end of S...Read More
O3 Mining (TSXV: OIII; US-OTC: OIIIF) has completed a prefeasibility study for its 100% owned Marban gold project, demonstrating its potential to become the next gold producer in the mining region of Val-d'Or, Que.The study showed robust project economics including a post-tax net present value (at 5% discount rate) of $463 million and post-tax unlevered internal rate of return of 23.2%. The report...Read More
McEwen Copper, a subsidiary of McEwen Mining (TSX: MUX; NYSE: MUX), has inked a deal with Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) that gives the global miner an option to become a majority joint venture partner in the Elder Creek project, in Nevada.To exercise the option, Rio's subsidiary Kennecott Exploration would have to invest US$18 million over a maximum of seven years. After that the two...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has inked a definitive arrangement with Turquoise Hill Resources (TSX: TQR) to buy the 49% of the Canadian miner it doesn't already own for US$3.3 billion.The global miner noted Turquoise Hill's board had unanimously recommended the $43 per share cash offer and said it would not increase its bid despite pressure from minority shareholders.Rio said that sen...Read More
Welcome to our weekly feature, TNM Drill Down, focusing on the top gold assays of the past week. Assays are ranked by gold grade x width, as identified by our sister company Mining Intelligence.This week's best drill intercept comes from Hummingbird Resources' (AIM: HUM) Kouroussa project in Guinea. The company reported the final assay results from the 2021 infill drilling program, which included...Read More
Investors put a lot of effort into their work. Of course, the work isn't back-breaking manual labor. But it is very time-consuming. It's not uncommon for investors to be poring over earnings reports and reading company news at all hours of the night.Yet the rewards for the effort are there. You put in the time to make the best investment decisions based on the information you have and, when you've...Read More
Share this article VANCOUVER - Victoria Gold Corp. [VGCX-TSX] provided an update on its exploration drill program near its Eagle gold mine, Yukon. The Eagle exploration drilling program took place from December 2021 through May 2022 and continued on the success of the 2021 Eagle Deep drilling program. The 2022 program focused on key areas for the potential expansion of the Eagle Gold deposit to...Read More
In the United States government, it's becoming increasingly rare to see good decisions make it all the way to reality. That's not a politically charged statement at all. I make it a point not to delve too deeply into the back-and-forth mudslinging that ultimately leads nowhere. But for once, I'll go on the record patting Biden on the back. His CHIPS and Science Act is finally giving individual...Read More
We spoke with Rudi Fronk, Chairman and CEO of Seabridge Gold (TSX: SEA, NYSE: SA), a mineral exploration company, with one of the world's largest resource bases of gold, copper and silver. Seabridge's objective is to grow resource and reserve ownership per share. Seabridge holds a 100% interest in several North American gold projects. Seabridge's assets include the KSM and Iskut projects, located...Read More