This week's episode features Northern Miner podcast host Adrian Pocobelli on mining stories from around the world, including spoofing charges against JP Morgant traders, pipeline updates, LME buyout rumours, BRICS+ developments, as well as the resurgence of coal in the United Kingdom and upward momentum in metals prices.All this and more with host Adrian Pocobelli."Rattlesnake Railroad", "Big West...Read More
Brixton Metals (TSXV: BBB) says the first batch of drill results from its Langis cobalt project in northeast Ontario confirms high-grade ore. Hole LM-22-254 cut 30.5 metres of 0.35% cobalt, 5.97 grams silver per tonne and 0.08% nickel from 121 metres down hole, Brixton said in a news release on Dec. 13. The core included 10.02 metres of 0.92% cobalt, 3.5 metres of 1.89% cobalt and 0.5 metre of 9....Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) has issued a statement in response to claims of alleged rights abuses in Tanzania.Twenty-one Tanzanian nationals filed a lawsuit in Ontario Supreme Court on Nov. 21 against Barrick for alleged human rights violations at the company's North Mara gold mine in Tanzania.It is the first time the Canadian gold giant has faced legal action in its home country for all...Read More
Maple Gold Mines (TSXV: MGM) reported complete assay results for four drill holes and partial assay results for five additional drill holes from its 100% controlled Eagle mine property in Quebec. The holes were drilled in an area northwest of the past-producing Eagle mine that the company had previously identified as a potential southern splay of the main mine horizon. The new results confirm the...Read More
Probe Metals (CVE: PRB) has drilled the highest-grade core?EUR?yet at its Val-d'Or East project's Monique deposit in Quebec as it prepares to expand its mineral resource estimate next month. Expansion drill hole MO-22-475 cut 22.9 metres grading 4.9 grams gold per tonne cut and 19.2 grams gold uncut (with a 100 grams per tonne cap) from 22.6 metres down hole, Probe said in a news release on Tuesd...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) said on Tuesday it is actively searching for lithium assets as its expects prices for the metal used in the making of batteries that power electric vehicles (EVs) to remain high for a "long period of time." The company had to shelve its proposed US$2.4 billion Jadar lithium mine in Serbia early this year after the government revoked the project's licences...Read More
The mining industry shows a lack of focus on gender and diversity in their environmental, social and governance strategies, a recent report by Stratum International and Digbee has found.Based on a survey of global mining sector decision-makers, the study deems "concerning" such an overlook in an industry that "needs to change the perception that mining is a male-only environment."According to the...Read More
Gold Fields' (JSE, NYSE: GFI) chief executive officer Chris Griffith is stepping down on Dec. 31, only a month after the company's failed attempt to take over Canada's Yamana Gold (TSX: YR; NYSE: AUY).Griffith, 57, was appointed CEO of the South African gold miner in April 2021, taking over from Nick Holland, who retired after 13 years. Griffith had previously held the top job at Anglo American P...Read More
Shares in Ecuador-focused SolGold (TSX: SOLG; LSE: SOLG) dropped on Monday more than 7% after revealing it had completed a US$36-million capital raise with the participation of new investors, including Jiangxi Copper Investing.The company, which saw its chief executive and managing director of less than a year leave last month, is said to be at the centre of a bidding war between Jiangxi, China's...Read More
Last Friday, Northrop Grumman (NYSE: NOC) unveiled what it's calling the world's first sixth-generation bomber - the B-21 Raider. It's a sleek and stylish plane whose ghostly visage and convex shape make it almost look like a UFO.Almost every aspect of the B-21 remains classified, but Northrop Grumman and Air Force officials have made a few key points about it beyond improved stealth capability a...Read More
The miner will buy 22.2 million shares at 18c per share, a 26% premium to the five-day volume-weighted average price of Candente shares. FMG first invested in Candente in early 2020 and holds 52.Read More
The transaction will create the first nickel resource and green technology company listed on the NYSE, the firm said.Read More
Dmitry Peskov is by far my favorite Russian propagandist. Just about everything he says is so off base it borders on satirical. His sole purpose as Kremlin spokesperson is to convince the media that the endless stream of Russian urine currently flooding the world is actually just rain. And he's doing a terrible job. Back in March, when Russian gas shipments to Europe were still under negotiati...Read More
These new results are from drilling recently completed at this Carlin-style gold property in Utah, noted a PI Financial report.Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced the results of three types of drilling done at its Goldstrike gold project in Utah, having completed its 2022 field season there, reported PI Financial analyst Chris Thompson in a Dec. 6 research note."Results from PQ cor...Read More
With these new agreements, the Canadian resource explorer shifts its focus away from gold and toward lithium, a critical metal, and zinc, lead and copper, noted a Fundamental Research report.Rover Metals Corp. (ROVR:TSX.V; ROVMF:OTCQB; 4X0:FSE) entered option agreements on two district-scale projects, Let's Go in Nevada and Indian Mountain Lake in Canada, reported Fundamental Research analyst Sid...Read More
When I was younger, I was taught that if you cannot say something nice, don't say anything at all. Well, when many of you have asked why I have not written about metals in quite some time, now you know the reason. But, I think that's about to change.Before we begin, I want to give you a little background about my history in the metals market.For those who may not remember the action we experi...Read More
The gold mining sector is doing what it should do amid fading inflationIf you have tuned out inflationist gold bugs since mid-2020 you are now in position to capitalize, unlike scores of inflation bugs who’d already bought (and likely sold into tax loss season, 2022).Readers of nftrh.com have seen this space write many times how gold is not about inflation. At least not primarily. That compo...Read More
As investors and others continue to jockey for position in order to announce that “the bottom is in for gold” or that “gold owners received an early Christmas present” or “crypto failures will translate to higher prices for gold”, it is clear that most of them are thinking that increased demand for gold will drive its price higher.That is not the way it works....Read More
Gold’s rally was just stopped by theresistance provided by its previous high and its 60-week moving average. Willgold now reverse? Theabove chart features gold prices in terms of weekly candlesticks. As you cansee, it just approached its August high. Andgold failed to move above it. Last week, I wrote:Theresistance is provided by the weekly closing prices, and since the current weekends toda...Read More
Here’s how to make sense of thedifferent figures reported by the Energy Information Administration (EIA).Macroeconomics From a macroeconomic point of view, the US dollar index (DXY or USDX) has maintained its downward trend within its recent regressionchannel, probably still eyeing the next quarterly S2 pivot just located at the$100 mark. U.S. Dollar Currency Index (DXY), dailychartAs we wil...Read More