It's not looking so good for Team Pivot...(by Half Dollar) The Employment Situation Report, commonly called the Jobs Report, has just been released for the month of September, 2022.According to the BLS:Total employment increased by 263,000Unemployment rate fell to 3.5%Average hourly earnings rose by $0.10 per hourThat doesn't sound good for Team Pivot!Gold & silver gyrated and fell at the release...Read More
Chaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Metal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedCerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDUnder the agreement, each Cornerstone share will be exchanged for 15 SolGold shares, with SolGold having the opti...Read More
That compares to 15,514 attributable GEOs and US$27.6 million in revenue for the same period last year.The company said that its preliminary cost of sales, excluding depletion for the three months, was US$7.3 million, resulting in cash operating margins of approximately US$1,383 per attributable GEO, which compares to US$3.7 million and US$1,541 per attributable GEO for the third quarter last year...Read More
The company on July 28 told shareholders that briefings on the appeal were scheduled to be completed August 11 with a final decision expected shortly thereafter. Reuters, however, reported October 6 that the hearing for the lawsuit has been set for January 5, 2023."Today's news implies the Federal BLM appeals case is now expected to be resolved in early 2023 (from H2/22 previously), and as a resul...Read More
The $1900/oz forecast comes from Citi in the latest edition of its quarterly Commodity Strategy research report.Read More
"The key negative was higher than expected provisional pricing adjustment of C$191 million for coal versus $73 million impact in the second quarter which should offset the gains from higher realizedRead More
The main infractions were over-extraction and construction outside of environmentally approved zones, Chile's Superintendencia del Medio Ambiente (SMA) regulator said.Read More
U.S equity index futures were mixed this morning. S&P 500 futures were down 26 points in pre-opening trade. Index futures moved lower following release of the September Employment Report at 8:30 AM EDT. September U.S. Non-farm Payrolls released at 8:30 AM was expected to slip to 250,000 from 315,000 in August. Actual was 263,000. September Unemployment Rate was expected to remain unchanged fro...Read More
Spread the lovePRIVATE BLOG - The Paradox of GoldPrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
The Quebec government has put in place specialized units to help mineral explorers, and mine developers navigate the province's regulatory system from the discovery stage through production and closure, The Northern Miner's recent Q3 Global Mining Symposium heard.A thought leadership panel featuring four Quebec government representatives underlined the vast exploration potential in the province.Ac...Read More
Resource Capital Funds, a Denver-based private equity company focused on mining, is buying the rest of NorZinc (TSX: NZC) to boost its Prairie Creek zinc project in the Northwest Territories.RCF will pay about $12.7 million for the 51.7% of NorZinc shares it doesn't already own, and supply an additional US$11 million in credit for the project, the companies said in a statement this week. NorZinc w...Read More
Ecuador-focused SolGold (TSX: SOLG; LSE: SOLG) is merging with Canadian junior Cornerstone Capital Resources (TSXV: CGP) to secure a 100% ownership of the Cascabel copper-gold project in the South American country.The friendly deal, SolGold's third official attempt to take over the Ontario-based junior, values it at ?96.7 million (US$107.9 million).Under the terms of the agreement, Cornerstone sh...Read More
Collective Mining (TSXV: CNL; US-OTC: CNLMF) reported "robust" drilling results nearly doubling the width of the Main Breccia discovery at its Guayabales gold project in Colombia.Diamond drill hole APC-14 at the Apollo target extended the southern dimension of the Main Breccia discovery, increasing its overall width by 90%, Collective Mining said in a news release. It showed 1.36 grams per tonne g...Read More
Silver remains a prime target for mineral explorers and miners, and platinum group metals (PGM) such as platinum and palladium are of increasing interest due to their use in electric vehicles and fuel cell technologies. Here is a look at eight juniors exploring for and developing silver and PGM projects. BRAVO MINING Bravo Mining's Luanga project in Brazil. Credit: Bravo MiningBased in Canada an...Read More
Canadian company Trevali Mining's 90%-owned subsidiary in Burkina Faso has filed for liquidation, effectively kicking off a gradual shutdown process that includes the disposal of all assets in the country.The miner said a liquidator will be appointed by the west African country's Judicial Tribunal of Commerce in the coming days, which will assume responsibility for the management of the affairs of...Read More
Are ESG ratings for miners clear enough? Are ESG principles clearly understood by most people? What role can digital transformation play in mining?Theo Yameogo, sector leader for EY Americas & EY Canada Mining & Metals joined a conversation centred on the evolution of ESG and digital transformation at The Northern Miner's Q3 Global Mining Symposium on Sept. 29.Towards unified principlesThe current...Read More
Chile's environmental regulator SMA filed four charges on Thursday against Lundin Mining (TSX: LUN) for a giant sinkhole that appeared in July above an underground copper mine operated by the Canadian miner in the country's north.The main infractions are related to extraction of ore beyond the permitted limits and construction outside of environmentally approved zones, the SMA said.The charges co...Read More
Filo Mining (TSX: FIL; OTC: FLMMF) has provided results for one additional drill hole completed at its Filo del Sol project in San Juan, Argentina. The hole, FSDH067, was drilled into the Aurora zone, about 100 metres northwest of an earlier hole (FSDH058) that returned 1,251.5 metres at 0.56% copper, 0.41 gram gold per tonne and 6.6 grams silver from 100 metres down.Hole 67 has now followed up t...Read More
Horizonte Minerals (TSX: HZM; AIM: HZM) said construction costs for its Araguaia nickel mine in northern Brazil have increased by 12.6% to US$537 million, up from the previous US$477 million estimate, due mostly to inflationary pressure.Horizonte started building the Araguaia nickel mine, which it acquired from Glencore in 2015, in May and remains on schedule."The company has also opted to invest...Read More
The U.S. Geological Survey (USGS) and NASA are teaming up to map portions of California, Colorado, Nevada, Arizona, New Mexico and Utah for critical mineral potential.The US$16-million, five-year, government-funded project will employ NASA's Airborne Visible/Infrared Imaging Spectrometer high-altitude earth remote sensing platform and MODIS/ASTER Airborne Simulator to collect hyperspectral data ov...Read More