This week's episode features Boart Longyear president and CEO Jeff Olsen in conversation with Northern Miner Podcast host Adrian Pocobelli. Jeff shares his view of the global mining industry, the impacts of inflation, the parts of the globe in which he sees the most growth, and the future of drilling, including developments in artificial intelligence and real-time on-site data processing.All this...Read More
Magna Mining (TSXV: NICU) says its first resource for its Denison nickel, copper and platinum group metals project in Ontario's Sudbury basin shows "significant potential."Magna is exploring the restart of a past-producing underground mine and the development of an open-pit operation to the site, also known as Crean Hill. As well, Magna owns the advanced-stage Shakespeare, a similar project in the...Read More
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Pan American Silver (TSX: PAAS; NASDAQ: PAAS) are buying fellow Canadian miner Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) in a US$4.8 billion cash-and-shares transaction.Toronto-based Yamana said on Tuesday it had inked a deal with the two precious metals miners after South Africa's Gold Fields (NYSE: GFI; JSE: GFI) waived on Monday its right to match...Read More
Fission Uranium (TSX: FCU; OTC: FCUUF) has drilled one of the best holes to date at its Patterson Lake South (PLS) project in Saskatchewan's Athabasca basin. Hole PLS21-MET-004, drilled in the Triple R deposit, intersected 34 metres averaging 19.12% uranium oxide, including 26 metres at 24.59% of the radioactive metal.The total composite grade x thickness value is 650.7, as calculated by Fission...Read More
Newcrest Mining (TSX: NCM; ASX: NCM), Australia's largest gold producer, has approved an A$214 million (about US$140 million) expansion of its Telfer gold-copper operations, which include the Main Dome, West Dome open pits and underground mines.The company said the West Dome Stage 8 cutback should start producing ore in the current quarter - its second quarter of fiscal year 2023 - and extend T...Read More
The Canadian Mining Hall of Fame will welcome three new members at a gala dinner and induction ceremony on May 24, 2023 at The Carlu in Toronto. Tickets will go on sale for the event?EUR?in March of?EUR?next year. The Northern Miner is a co-founding member organization of the Canadian Mining Hall of Fame, along with the Canadian Institute of Mining, Metallurgy and Petroleum, The Mining Association...Read More
American Eagle Gold (TSXV: AE) has released assay results from the first hole of its 2022 program on the NAK project located in the Babine copper-gold porphyry district of west-central British Columbia.NAK represents a classic porphyry copper-gold target where the current 5,000-metre drill program is testing the potential for a mineralized footprint greater than 1.5 x 1.5 km that was open and...Read More
With a project focused on one of the hottest commodities tied to mass adoption of EVs, Frontier Lithium (TSXV: FL; US-OTC: LITOF) is working towards completing a resource update and prefeasibility study for its PAK project in northwestern Ontario by the first quarter of 2023. The prospective lithium pegmatite project is 170 km north of the famed Red Lake gold camp in an emerging lithium mineral d...Read More
Our TNM Drill Down feature highlights the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining Intelligence (www.miningintelligence.com). Donlin Gold LLC, the equal partnership in Alaska of Barrick Gold (TSX: ABX; NYSE: GOLD) and NovaGold Resources (TSX: NG; NYSE: NG), had the top-rated assays of the past week followed by i-8...Read More
The Oct. 31 to Nov. 4 trading week saw the S&P/TSX Composite Index close 21.4 points or 0.1% lower, at 19,449.81. The S&P/TSX Global Mining Index lost 4.3 points or 4.6% to 95.88 and the S&P/TSX Global Base Metals Index fell 12.7 points or 8% to 170.3. The S&P/TSX Global Gold Index fell by 3.5 points or 1.4% to 239, and spot gold ended the week US$26.4 per oz. or 1.6% higher, at US$1,674.40 per...Read More
U.S. markets fell last week after the U.S. Federal Reserve increased its benchmark interest rate by 75 basis points and Fed chairman Jerome Powell said talk of a pause in rate hikes to control decades-high inflation was "very premature." The Dow Jones Industrial Average fell 458.58 points or 1.4% to 32,403.22 and the S&P 500 dropped 130.51 points or 3.35% over the week to 3,770.55. Potash prod...Read More
The S&P/TSX Venture Composite Index ended the Oct. 31-Nov. 4 trading session at 593.70 points, just 3.23 points or 0.5% lower. Critical Elements Lithium shares rose by 31 ? to $4.75 after the company announced it had received its last major environmental approval for its Rose lithium-tantalum project in Quebec. The certificate of authorization granted by the province follows a federal environmen...Read More
Petra Diamonds (LSE: PDL) said on Monday it had halted operations at its Williamson mine in Tanzania after a tailings storage facility burst, causing flooding in nearby areas.The company, which also operates three mines in South Africa, said the eastern wall of Williamson's tailing dam was "breached," but said in an email that the pit was not affected.Petra noted that there were no injuries or fat...Read More
SolGold (TSX: SOLG; LSE: SOLG) has secured $50 million in royalty financing from Osisko Gold Royalties (TSX: OR; NYSE: OR), which will help the miner fund the development of its Cascabel copper-gold property in northeastern Ecuador.Osisko will receive a 0.6% net smelter return (NSR) interest from SolGold, calculated with reference to NSRs from the Cascabel licence area. SolGold has a buy-back opti...Read More
Gold Fields (NYSE: GFI; JSE: GFI) has ruled out the possibility of raising its offer for Yamana Gold (TSX: YRI; NYSE: AUY) after two Canadian miners teamed up last week and put an unsolicited US$4.8 billion bid on the table.The cash-and-stock offer from Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Pan American Silver (TSX: PAAS; NASDAQ: PAAS) on Friday trumped Gold Fields' bid, which valued Yamana...Read More
Ontario is one of the world's premier mining jurisdictions. Here's a look at eight companies exploring the province for gold, PGMs, lithium and more.First Mining Gold First Mining Gold's Springpole project in northwestern Ontario. First Mining Gold photoFirst Mining Gold (TSX: FF; US-OTC: FFMGF) has gold projects in Ontario and Quebec. In northwestern Ontario, the company is advancing its flagshi...Read More
Russia's invasion of Ukraine has largely been a failure. It's cost thousands of lives, tanked the Russian economy, exposed the Russian military as a paper tiger, spurred political unrest at home, and alienated the country abroad.But it has been successful in one way...It's shown that even a second- or third-rate power can upset the global order. If nothing else, it's been a demonstration of defia...Read More
Share this article VANCOUVER - Pan American Silver Corp. [PAAS-TSX, NASDAQ] and Agnico-Eagle Mines Ltd. (AEM-TSX, AEM-NYSE) are set to acquire Yamana Gold Inc. [YRI-TSX, AUY-NYSE] in a US$4.8 billion deal, ensuring that Canada's largest gold mine - The Canadian Malartic - remains under Canadian ownership.The move follows the termination of a rival deal that would have seen Yamana being acquired...Read More
Like any other green tech, electric vehicles (EVs) stand to cost some industries a ton of money. That understandably makes them a great target for media misinformation campaigns. Take the humble Toyota Prius, for example. It was the subject of one of the most absurd media hit jobs I've ever seen. According to an embarrassingly misinformed journalist, a 2006 Toyota Prius will use more energy and...Read More
Wealthion, Released on 11/9/22"After mind-boggling ridiculous spikes, home prices in most markets are dropping. And in some markets, they're plunging at the fastest pace on record And in some cases, they're going down faster than they'd spiked on the way up. And it's just the beginning."So says analyst Wolf Richter in his recent post "The Housing Bubble Has Popped, and the Fed Can Let it Rip"Just...Read More