Maverix Metals (TSX: MMX; NYSE-AM: MMX) says it's on track to meet its revised 2022 guidance of 28,000 to 31,000 attributable gold-equivalent ounces and unveiled a new royalty deal on the Sleeping Giant mine in Quebec's Abitibi region.The company acquired a 2% net smelter return royalty (NSR) on all metallic and non-metallic minerals recovered from the Geant Dormant and Dormex claims of the Sleepi...Read More
The Kimberley Process (KP), an international scheme that certifies rough diamond exports, is expected to decide this week whether Russian diamonds should be declared conflict gems.Members of the KP are meeting in Gaborone, Botswana, until Friday and one of the main topics in the agenda is to discuss whether Russian diamonds are funding the war in Ukraine.The debate would be around whether to broa...Read More
Vale (NYSE: VALE) has signed three memorandums of understanding (MOUs) to jointly study the feasibility of developing industrial complexes or 'mega hubs' in the Kingdom of Saudi Arabia, the United Arab Emirates, and the Sultanate of Oman.The hubs will produce hot briquetted iron (HBI) and steel products, Vale says, noting that "the production of HBI using natural gas emits around 60% less CO2 [car...Read More
Canada's B2Gold (TSX: BTO; NYSE-AM: BTG) and South Africa's AngloGold Ashanti (NYSE: AU; ASX: AGG) have decided to put their US$925-million Gramalote gold project in Colombia up for sale before year-end.After completing a comprehensive review of the alternatives for the gold project in the northwestern department of Antioquia, the joint venture (JV) partners determined it would be in the best inte...Read More
Driving through the forested hills of northern Idaho, one could be forgiven for assuming the growing recreational city of Coeur d'Alene brings all the buzz and value to the region.After all, it offers year-round recreational activities in stunning natural landscapes, serves as a commercial hub for the northern part of the state, and its adjacent Lake Coeur d'Alene hosts shoreline homes for a few H...Read More
The world's largest gold producer by volume and market cap Newmont (TSX: NGT; NYSE: NEM) says it is maintaining the full-year production guidance despite a weaker September-quarter performance.Newmont said its headline profit fell to US$212 million, or US27 ? per share, in the quarter that ended Sept. 30, from US$483 million, or US60 ? per share, a year earlier. Analysts, on average, had an expect...Read More
The first deep drill hole in the down dip extension of the Eskay Creek deposits in northwestern B.C. has identified a new occurrence of rhyolite-hosted mineralization about 650 metres down dip of the NEX Zone in the Eskay Deeps, and at a vertical depth of 850 metres below surface, Skeena Resources (TSX: SKE; NYSE: SKE) reports.Drill hole SK-22-1081 returned 3.79 grams gold per tonne and 59.4 grams...Read More
First Majestic Silver (TSX: FR; NYSE: AG) has announced positive drill results from its ongoing exploration program at the Jerritt Canyon gold mine in Elko County, Nevada.The 2022 drilling campaign at Jerritt Canyon consists of short-term focused underground core drilling testing extensions of known ore controls near active mining, mid-term focused drilling to validate/test the presence of mineral...Read More
This week's episode features EY Canada's Theo Yameogo, Canada's Mining & Metals Sector Leader, in conversation with Northern Miner podcast host Adrian Pocobelli at the Global Mining Symposium. Theo explains how ESG (environmental, social and governance) policies have transformed from CSR (corporate social responsibility), and how he expects the trend towards ESG to take a similar trajectory to the...Read More
Precious metals miner Sibanye-Stillwater (NYSE: SBSW) may axe more than 2,000 jobs at some of its gold mines in South Africa as part of a restructuring of those operations struggling to make a profit.The Johannesburg-based miner said on Tuesday it would enter into consultations with labour groups and other stakeholders, which could impact 1,959 employees and 465 contractors at its Beatrix 4 shaf...Read More
Dealing with financial difficulties, Sierra Metals (TSX: SMT) confirmed on Oct. 31 that it has received a letter of intent (LOI) from Compa??ia Minera Kolpa, a polymetallic mining company based in Peru, regarding a proposed business combination and an investment package.The LOI was submitted by Kolpa with its shareholders, including Arias Resource Capital Fund II. Arias and other members of the Ar...Read More
(TheNewswire) November 3, 2022 TheNewswire - CALGARY, ALBERTA CMX Gold & Silver Corp. ( CSE:CXC ) ; ( OTC:CXXMF ) (Read full newsRead More
My wife and I spent that last 10 days at our beach house in Longboat Key, Florida. We are having renovations done, but the real reason we came down was to check on the house after hurricane Ian.Longboat Key is about an hour south of Tampa Bay and about 85 miles north of Fort Myers.When the original forecast was released about the path of Hurricane Ian, Tampa Bay was predicted to take a direct hit....Read More
Every region barring North America saw declines in global smelting capacity.Read More
Share this article OTTAWA - On November 2, Fran??ois-Philippe Champagne, Minister of Innovation, Science and Industry, issued the following statement regarding the Canadian government's decision on recent investments in Canadian critical minerals companies and regarding modernization efforts under the Investment Canada Act (ICA):"While Canada continues to welcome foreign direct investment, we wi...Read More
Mission Advancement Corp. (NYSE: MACC), the blank check company that billed itself as a purpose-built investment company seeking to partner with a world class consumer business with the aim of creating meaningful financial, social and cultural value, is being delisted because it couldn't get a deal done within the allotted time specified by the SEC.The interesting thing about this is that the comp...Read More
Back in 2014, an intense board meeting full of oil execs took place in Texas, just six years after the financial meltdown caused oil prices to implode. Despite the dour faces that gazed at one another, the mood should have been brighter...After all, the cost for a barrel of light, sweet Texas tea had climbed from less than $30 per barrel in 2009 to over $100 per barrel in 2011, and then bounced b...Read More
Stansberry Research, Released on 11/4/22Inventories in the diesel market are near an all-time low for the U.S., "with 25 days remaining," warns George Gammon of the Rebel Capitalist. "The poor and middle class are worse off today then 2019," due to economic policy caused by U.S. politicians, according to him. "At the end of the day, Jerome Powell and the Fed are going to do whatever the Biden admi...Read More
Tavi Costa - Twitter, Released on 11/4/22Newmont now paying more dividends than any other time in 42 years. Miners are stupid cheap on any dimension. pic.twitter.com/x4MNlbgcUC- Otavio (Tavi) Costa (@TaviCosta) November 4, 2022 Tavi Costa is a partner and portfolio manager at Crescat Capital and has been with the firm since 2013. He built Crescat's macro model that identifies the current stage of...Read More
Wealthion, Released on 11/4/22 (Recorded on 10/31/22)For Part 1 of this interview, CLICK HEREThe global economy is stumbling. And not just for financial reasons like the increasing cost of debt. Macro expert James Rickards returns for Part 2 our interview to explain why he predicts disinflation/deflation will overwhelm today's inflation in 2023. He also shares the portfolio allocation that he thin...Read More