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Only Powell can extend gold's false dawn

August 15, 2022 / www.mining-journal.com

Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdThree factors have lifted gold from its July 21 low of $1683/oz. Safe haven buying. A belief that inflation has peaked in the U.S.Read More

Richemont Chairman Locks Horns with Investor

August 15, 2022 / www.diamonds.net

RAPAPORT... Richemont chairman Johann Rupert has urged shareholders to vote against an investor's proposal to appoint a former LVMH executive to the group's board.Bluebell Capital Partners has called for the selection of its cofounder Francesco Trapani as representative of Richemont's class "A" shareholders on the board. Category "A" shares have higher financial value but give holders fewer v...Read More

Income Tax Raid: "Wedding Party" Officers Seize Gold, Diamonds and Cash

August 15, 2022 / www.idexonline.com

(IDEX Online) - Income tax officials in India posed as a 250-strong wedding party in a series of raids that netted undeclared gold, diamonds and cash worth $49m.The Income Tax department (IT) used 120 vehicles in the operation, decked out for a baarati, or the wedding procession that accompanies a bridegroom to the venue.They raided premises, warehouses, and farmhouses linked to two steel, clothin...Read More

$6.8m of Fake Jewelry from Hong Kong Seized in US

August 15, 2022 / www.idexonline.com

(IDEX Online) - Customs officer in the US seized three shipments of counterfeit jewelry and watches from Hong Kong which would have been worth $6.88m if genuine.   The first shipment had a declared value of $319, but contained 275 assorted Cartier Love bracelets, with retail prices, if genuine, totaling $3.27m.   It was addressed to a private residence in Richmond, Virginia, but was inte...Read More

Victoria hit by unplanned down time

August 15, 2022 / www.mining-journal.com

Investor Insight: InterGroup MiningSPONSOREDintergroup miningSun shines on Saturn MetalsSPONSOREDsaturn metalsEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltd"Similar to 2021, daily gold production at the Eagle Mine has increased substantially over the 2022 spring season. This is expected to r...Read More

VIDEO: VMS deposits present exciting new zinc-copper-gold discovery opportunities in Mexico

August 15, 2022 / www.northernminer.com

Volcanogenic massive sulphide (VMS) deposits have been a core source of copper, zinc and sometimes gold mineralization for over 150 years and remain the mainstay of some major mining camps worldwide.However, the three historically identified VMS camps in Mexico are seeing renewed exploration interest following decades of relative disinterest by miners.In Mexico, three VMS districts have been ident...Read More

Taseko granted draft permit for Florence copper project in Arizona

August 15, 2022 / www.northernminer.com

Taseko Mines (TSX: TKO; NYSE-AM: TGB; LSE: TKO) has scored a small, but key win in the long-dragged permitting process for its Florence copper project in Arizona as the U.S. Environmental Protection Agency (EPA) has issued a draft underground injection control (UIC) licence for the asset."The UIC permit is the final key permit required for the construction and operation of the Florence copper comm...Read More

U.S. markets gain during Aug. 4-8 trading week

August 15, 2022 / www.northernminer.com

The Dow Jones Industrial Average gained 957.58 points or 2.92%, to 33,761.05, and the S&P 500 climbed 134.96 points or 0.77% over the week to 4,280.15.The trading week's top gainer in value was Arch Resources, whose shares are in high demand as the global energy crisis deepens on the back of Russia's war on Ukraine. The miner reported late last month record net income, leading to the declaration o...Read More

TSX gains during August 8-12 trading week

August 15, 2022 / www.northernminer.com

Over the Aug. 8-12 trading period, the S&P/ TSX Composite Index gained 559.68 points or 2.85%, to 20,179.81. The S&P/TSX Global Mining Index added 2.33 points or 2.51% to 95.05, and the S&P/TSX Global Base Metals Index advanced by 9.13 points or 5.86% to 164.92. The S&P/TSX Global Gold Index gained 6.94 points or 2.89% to 247.11, and spot gold ended the week at US$18.85 per oz. higher, or 1.06%, a...Read More

TSX Venture edges higher over the Aug 8-12 trading session

August 15, 2022 / www.northernminer.com

The S&P/TSX Venture Composite Index edged up 2.5% or 16.32 points higher over the Aug. 8-12 trading session to end the week at 680.49. Toronto-based graphite junior Gratomic gained 122.2%, or 27 ?, to close at 60 ? per share. The company holds the Aukum vein graphite project in southern Namibia, which was mined periodically between 1940 and the mid-1970s. On Aug. 9, Gratomic announced the start...Read More

Giga Metals, Mitsubishi to jointly develop Turnagain nickel deposit in BC

August 15, 2022 / www.northernminer.com

Junior Giga Metals (TSXV: GIGA) and global trading and investment firm Mitsubishi Corp. agreed on Monday to form a joint venture company, Hard Creek Nickel Corp., to develop the Turnagain nickel-cobalt deposit in northern British Columbia.As part of the deal, Mitsubishi will acquire a 15% equity interest in the joint venture firm for $8 million in cash. Giga will receive an 85% equity interest in...Read More

TNM Drill Down: Top gold assays of the week Aug 4-12

August 15, 2022 / www.northernminer.com

Our weekly TNM Drill Down feature focuses on the top gold assays of the past week. Assays are ranked by gold grade x width, as identified by our sister company Mining Intelligence.Top gold assays Aug 4-12, as identified by Mining Intelligence.This week's best gold drill intercept comes from Tudor Gold's (TSXV: TUD) Treaty Creek property in British Columbia.On Aug. 11, Tudor announced it had re-ent...Read More

Turquoise Hill rejects Rio Tinto's US$2.7B takeover offer

August 15, 2022 / www.northernminer.com

Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) has rejected majority shareholder Rio Tinto's (NYSE: RIO; LSE: RIO; ASX: RIO) bid to buy the 49% stake it doesn't already own in the company for US$2.7 billion, saying it did not reflect its full and fair value.The decision by the special committee appointed by Turquoise Hill blocks Rio Tinto's efforts to gain greater control of the giant Oyu Tolgoi c...Read More

Monarch grows resources at Croinor gold project in Quebec

August 11, 2022 / www.northernminer.com

Monarch Mining (TSX: GBAR; US-OTC: GBARF) has released a mineral resource estimate for its 100% owned Croinor gold project located 55 km east of Val-d'Or, Que. The resource estimate is based solely on potential underground mining and was prepared using all available information, including results from the latest drilling programs.Resources in the measured and indicated category amount to 903,600 t...Read More

RT @stockhouse: Giga Metals (#TSXV: $GIGA) and Mitsubishi Corporation form JV to develop Turnagain Nickel Project

August 15, 2022 / stockhouse.com

Explore streaming news video about small-cap companies in Canada and the U.S.New videos are produced daily focused on key market news.Read full newsRead More

RT @stockhouse: Midnight Sun Mining (#TSXV: $MMA) begins drilling at Solwezi

August 15, 2022 / stockhouse.com

Explore streaming news video about small-cap companies in Canada and the U.S.New videos are produced daily focused on key market news.Read full newsRead More

RT @stockhouse: Heritage Mining: your connection to precious & base metal assets in mining friendly regions

August 15, 2022 / ow.ly

Welcome to the Market Herald Video Q&A Podcast. Heritage Mining Limited is...Read full newsRead More

Silver Hammer Reports on Drilling Progress at the Silver Strand Project in Idaho

August 15, 2022 / bit.ly

Silver Hammer Mining Corp. ( CSE: HAMR; OTCQB: HAMRF ) (theRead full newsRead More

Zijin's profits surge as projects complete

August 16, 2022 / www.mining-journal.com

With all projects meeting their schedules, Zijin reported production for the six-month period of 410,000 tonnes copper and 27 tonnes gold, which are up 70% and 23% year on year, respectively.Zijin chairman Chen Jinghe said the company intends to continue to add assets to its global mix."As the world races towards a ‘net-zero' transition, we have also allocated resources globally to increase...Read More

Brixton Metals drills 1.02% CuEq over 40 metres at Thorn, British Columbia

August 16, 2022 / www.canadianinvestor.com

Share this articleVANCOUVER - Brixton Metals Corp. [BBB-TSXV; BBBXF-OTCQB] reported its first drill hole results from the Camp Creek copper-gold-silver-molybdenum porphyry target on its wholly owned Thorn project located in northwestern British Columbia. The Thorn project is located within the Taku River Tlingit and Tahltan First Nation's traditional territory.Highlights include Hole THN22-201 tha...Read More

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