Gold was down again today, but overall it's had a good run lately (for a change).Gold rallied from $1,624 per ounce on Sept. 28 to $1,701 at the close on Oct. 3 for a 4.74% gain after two months of steady losses.It's too soon to applaud or even put the Champagne on ice. Gold is down almost 20% from its March high and is having one of its worst years since 2013. Maybe this is a turning point, maybe...Read More
Canada's largest uranium producer Cameco (TSX: CCO) has announced a significant expansion into the nuclear services sector after agreeing to buy U.S.-based Westinghouse Electric with Brookfield Renewable Partners (NYSE: BEP) in a US$7.9 billion deal, the companies announced on Tuesday.Brookfield Renewable and its institutional partners will own a 51% interest in Westinghouse, while uranium fuel su...Read More
Burkina Faso-focused miners say operations have not been affected following a second coup d'?(C)tat on Sept. 30 that saw the country's president Lt.-Col. Paul Henri Sandaogo Damiba overthrown after only nine months in power.While local mining operators face growing security, logistical and financing issues, they appear to remain bullish on the jurisdiction, with no announcements emerging of reduce...Read More
This week's episode features George Hemingway, Managing Partner Head of Innovation Practice, Stratalis, in conversation with Northern Miner production editor Blair McBride at the Q3 Global Mining Symposium. George discusses how the mining industry needs to take a more personal approach to persuade younger people to have a more positive view of it.All this and more with host Adrian Pocobelli. "R...Read More
The Dow Jones Industrial Average?EUR?rose?EUR?571.28 points or 1.99% to?EUR?29,296.79 and the S&P 500?EUR?gained 55.04 points or 1.51% over the Oct. 3-7 trading week to?EUR?finish at 3,639.66.?EUR? Vale added US$1.10 to US$14.42, though down from the week's high of US$15.19 per share, after the world's largest nickel and iron ore producer said it would reorganize its Brazilian base metals operati...Read More
The S&P/TSX Venture Composite Index gained 13.89 points or 2.3% over the Oct. 3-7 trading session to end at 608.02, after reaching an intra-week high of 623.23 on Oct. 4.Sigma Lithium was this week's top value gainer, adding $1.37 per share to close the week at $38.84. Sigma's share price has surged more than 270% in the past 12 months as lithium prices continue to rise, bolstered by renewed aware...Read More
Stocks rose slightly over the Oct. 3- 7 trading period as the Organization of Petroleum Exporting Countries and 10 other large crude oil producers such as Russia (OPEC+) agreed to limit output, helping energy and gold company shares. Stock markets continued to show volatility while digesting central banks' drive for higher interest rates to quell inflation while the United States dollar eased. Th...Read More
Azimut Exploration (TSXV: AZM; OTC: AZMTF) has received the Discovery of the Year award from the Mineral Exploration Association of Quebec (AEMQ) for the discovery of the Patwon gold zone on the company's 100%-owned Elmer property.The award is granted to highlight the importance of a new discovery that has a ripple effect on exploration activities both on the property and in the surrounding area.T...Read More
Canadians may be a modest bunch, but when it comes to our importance in the global mining industry, we could stand to brag a little. At The Northern Miner's Q3 Global Mining Symposium in late September, Douglas Silver presented data showing Canada leads the world in exploration spending (US$800 million per year vs. US$530 million for runner-up Australia); in capital spending on mining (accounting...Read More
De Beers, the world's top diamond producer by value, has appointed oil and energy industry executive Al Cook as its new chief executive to replace Bruce Cleaver, who leaves the top job after six years at the helm.England-born Cook, with 25 years in the energy industry and currently vice-president of Norwegian oil major Equinor's exploration and production business, will assume leadership of De...Read More
Australia's Vital Metals (ASX: VML), the first rare earths producer in Canada, has walked away from a deal with Quebec Precious Metals Corp. (TSX-V: QPM) to buy the junior's Zeus project and a 68% stake in the Kipawa heavy rare earths, inked last year.Vital's new management informed QPM that it had not been satisfied with the results of its due diligence on the projects, in particular the abilit...Read More
That would be in the event of votes going against the passing of the constitution, which is the likely outcome according to recent polling that saw 45.Read More
Exploits Discovery (CSE: NFLD) chief executive officer Jeff Swinoga has come from away, leaving high-crime Mexico for the warm-hearted community of Gander, N.L. After helping raise US$400 million as chief financial officer of Torex Gold Resources' (TSX: TXG) El Limon Guajes mine in Guerrero state and stints at First Mining (TSX: FF) and consultant EY Canada, his new project is developing stakes n...Read More
Former students of the Yale School of the Environment catalog current research on restoration techniques after surface gold mining and suggest more research is needed to determine best practices in the area.Read full newsRead More
Social-media giant Facebook will showcase its new mixed-reality headset on Oct. 11. But something else is key to its resurgence.Read full newsRead More
Although gold cooled by nearly 3%, it was enough to beat U.S. Treasury and corporate bonds, domestic and oversea stocks, commodities and Bitcoin. In the bloodbath that was September, gold's traditional role as a diversifier and haven was clear to see.Read full newsRead More
South Africa's decline as a gold producer will accelerate without policy and administrative overhaul.Read full newsRead More
Illegal airstrips, toxic mercury ponds and forest-wrecking heavy machinery have proliferated as prospecting for gold on Indigenous lands and other protected areas has exploded in recent yearsRead full newsRead More
One of Brazil's biggest gold refiners, which processes gold suspected of being mined illegally in the Amazon rainforest, has been stripped of an important industry seal of approval that global manufacturers from Apple to Tesla rely on to root out abuses in their supply chainsRead full newsRead More
A 2.9 magnitude earthquake has rocked the West Australian gold mining town of Kalgoorlie.Read full newsRead More