Buenaventura (NYSE: BVN), Peru's largest publicly traded precious metals miner, will begin construction on its delayed San Gabriel gold-silver project in the country's southern region of Moquegua in 2023.The company had planned to start site works at the US$328 million project in the second half of 2021 but had to postpone the move and focus on reducing debt first.The needed cash injection came...Read More
Russia's Alrosa (MCX: ALRS), the world's top diamond miner by output, suspended on Friday its membership in the Natural Diamond Council (NDC), a market alliance of the world's leading producers of precious stones.The move comes only a day after the company, which was placed in the U.S. sanctions list, decided to step down from its position as vice chair of the Responsible Jewellery Council (RJC),...Read More
The Russian invasion of Ukraine has the potential to establish a new commodity world order that tilts reliable supply toward North America, Bloomberg Intelligence says in a research note.Analyst Mike McGlone argues that should oil and gas prices continue to spike amid the increased geopolitical tension, it could very well be the catalyst for a global recession."The conflict is unique, but in 2008,...Read More
Kinross Gold (TSX: K; NYSE: KGC) has announced overnight that it will suspend all development work at its Udinsk gold project in Russia as international sanctions and legal restrictions intensify due to Russia's invasion of Ukraine.The company says it will also suspend operations at its Kupol mine, focusing on the safety and well-being of its more than 2,000 employees and recognizing its obligatio...Read More
Argonaut Gold (TSX: AR) has completed a bought deal private placement of 19.78 million flow-through common shares to raise total proceeds of $51.84 million.This amount includes the full exercise of an over-allotment option to purchase an additional 2.58 million shares (15% of the original amount, as announced in its press release on Feb. 14).The placement was conducted per the terms of an agree...Read More
McEwen Mining (TSX: MUX; NYSE: MUX) closed its offering of 14.5 million flow-through common shares priced at $1.325 each for total gross proceeds of $19.2 million. The sole bookrunner for the offering was Canto Fitzgerald Canada, and PearTree Canada structured the flow-through donation placement.The company will use the proceeds for qualifying Canadian exploration expenditures on its Ontario prope...Read More
Deep-South Resources (TSXV: DSM) seems to have has scored a win in its battle to renew the company's prospecting licence for the Haib copper project in Namibia, after the country's mining and energy ministry missed a deadline to file the permit's refusal. Minister Tom Alweendo declined to renew Deep-South's licence in June last year, citing the Vancouver-based company's inability to advance to a...Read More
As George Harrison once sang: "All Things must pass"... and that includes incredible journalistic and editorial tenures. With that thought in mind, I announce to you all that Trish Saywell is retiring from our team on March 15. Before joining The Northern Miner, Trish worked in Asia for several publications, including The Hong Kong Standard, Asiaweek, and the Far Eastern Economic Review...Read More
This week's episode features Anglo American CEO Mark Cutifani in conversation with Northern Miner senior reporter Henry Lazenby at the Global Mining Symposium. Mark discusses the outlook for commodities (including diamonds and copper), how the company is addressing ESG, and what message the mining industry should broadcast about itself to the rest of the world.All this and more with host Adrian Po...Read More
This week's episode features Master of Industrial and Organizational Psychology candidate at Adler University Andrea Carter, who discusses the importance of 'belonging' in the workplace and how genderism and racism, among other isms, are more common than ever, despite the common perception that things are improving. Andrea also discusses how social ostracism can have considerable health impacts, a...Read More
This week's episode features Los Andes Copper CEO R. Michael Jones on why he shifted his focus to copper, what it's like to work in Chile, and common strategies to increase the profile of a mining company. He also discusses his outlook on copper and the process to list on the TSX.All this and more with host Adrian Pocobelli.This week's CEO Spotlight is sponsored by Manifest Climate, featuring co...Read More
It takes a team effort to recognise and deliver on the huge potential of a large-scale, underexplored region, but that is exactly what the ASX-listed copper exploration and development company Caravel Minerals is doing in Western Australia's Wheatbelt region at its namesake project.The Caravel copper project is an undeveloped conventional open-pit mining and processing project with a mineral resou...Read More
After building a strong portfolio of copper and gold projects that span across Australia, the ASX-listed gold and base metals development company Zenith Minerals is adding another string to its bow this year, with a foray into lithium exploration.Zenith advised on January 13 that it will be focusing more on EV metals this year following the announcement of its joint venture with the publicly unlis...Read More
The bank's commodity's team made it clear it wasn't forecasting "doom and gloom" for gold prices, but said it was rolling much of the experience seen in 2021 into its forecasts.Read More
Most analysts agree copper could face short-term headwinds due to closures relating to energy shortages and China's upcoming holidays and the Beijing Olympics.Copper reached an all-time high of more than US$10,500 per tonne in 2021 and reached just above $10,000/t overnight.Citi sees copper pulling back to $8800/t in the short-term and recommended buying any dip below $9000/t."The degree of subseq...Read More
Solaris Resources is close to showing the world-class credentials of its Warintza project in southeastern Ecuador, thanks to the completion of an updated mineral resource estimate for the Warintza Central deposit at the end of this quarter.Exploration at Warintza has caught the market's attention due to discoveries at Warintza West, Warintza East, and recently at Warintza South in addition to...Read More
McEwen Mining is planning to undertake an initial public offering of McEwen Copper and the Los Azules copper project, in San Juan, Argentina, later this year after completing an updated preliminary economic assessment (PEA), additional resource drilling and the construction of a road to provide year round access.Los Azules porphyry copper-gold deposit is one of the world's largest undeveloped copp...Read More
Jeff Currie, Goldman Sachs head of commodity research, joins CNBC's 'Squawk Box' to break down nickel futures after the London Metal Exchange suspended tradi...Read full newsRead More
The conflict in Eastern Europe is likely to be protracted, and energy prices will respond by rallying even higher from current levels, said Pierre Lassonde, ...Read full newsRead More
Norilsk Nickel is a key supplier of nickel and palladium, two metals that are key for electric-vehicle batteries and semiconductors.Read full newsRead More