U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points in pre-opening trade. Index futures responded to news of more shutdowns in China due to a spread of a COVID 19 variant. Twitter dropped $1.98 to $34.883 after Elon Musk terminated his takeover offer for the company. Stifel Nicolaus lowered its target price from $54.20 to $30.00Lululemon fell $12.38 to $281.8...Read More
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Building a net-zero economy is critical, but using fossil fuels still will be necessary for decades to come, said Pierre Lassonde, co-founder of Franco-Nevada on June 8 in Toronto at the Mining Legends Speaker Series, organized by The Northern Miner, the Canadian Mining Hall of Fame and Young Mining Professionals."[Oil and gas are] going to be with us for the next 100 years," Lassonde said at the...Read More
Leading precious metals streaming company Royal Gold (NASDAQ: RGLD) has signed a definitive agreement to acquire all of the issued and outstanding shares of Great Bear Royalties (TSXV: GBRR) for a cash consideration of $6.65 per share. The acquisition price represents a 43% premium to GBR's 20-day volume weighted average trading price on the TSX Venture Exchange up to and including July 8, valuing...Read More
Shares of EV Nickel (TSXV: EVNI) jumped more than 50% in morning trading as the company's latest drill results from its Shaw Dome project in Timmins, Ont., intersected high-grade nickel sulphide.Highlights from the drill results included 14.30 metres grading 1.50% nickel starting from 311.8 metres in drillhole EV22-12, including 5.40 metres grading 2.96% nickel; and 5.50 metres grading 1.33% nicke...Read More
Mining companies that embrace digital transformation can reduce their costs, boost profits, and improve safety and environmental performance, according to Mark Leach, vice-president of business technology services for Cameco (TSX: COO; NYSE: CCJ).He says that digitalization "allows work processes to be streamlined, and provides the data necessary for better decision-making and improving operationa...Read More
South African miner Gold Fields (NYSE: GFI; JSE: GFI) promised an improved dividend policy and a Toronto Stock Exchange listing in a bid to win shareholders who have expressed reservations about the planned US$6.7-billion takeover of Canada's Yamana Gold (TSX: YRI; NYSE: AUY) The merger, which would create the world's fourth-largest gold miner and is expected to surpass Agnico Eagle Mines (TSX:...Read More
Eldorado Gold (TSX: ELD; NYSE: EGO) is pushing ahead with pre-construction work at its Skouries gold-copper project in northern Greece, which was halted from 2017 to last year due to government delays in issuing permits and community opposition. After inking a new investment contract with Greece in early 2021, Eldorado has focused on resuming construction at the mine, which has reserves of 3....Read More
Just two months after closing its acquisition of the Okanjande graphite deposit and Okorusu processing plant in Namibia, Northern Graphite (TSXV: NGC; US-OTC: NGPHF) has completed a preliminary economic assessment on a restart of the operation, which was put on care and maintenance in November 2018.Northern Graphite says the project could be brought back into first production within nine to 12 mon...Read More
Results from the first four diamond drill holes at its Hopper porphyry/skarn copper-gold project in southwestern Yukon are encouraging, says junior explorer CAVU Energy Metals (CSE: CAVU; US-OTC: CAVVF). The 7,400-hectare project is about 180 km northwest of Whitehorse and CAVU is earning a 70% stake in the project under an option agreement with project generator Strategic Metals (TSXV: SMD).Drill...Read More
Mining companies generate large amounts of waste to produce economically viable metals. For instance, mining for copper, nickel, zinc, and lithium, essential metals for the global push towards decarbonization, can generate an estimated 60 to 90 tonnes of industrial waste, including waste oils and hazardous chemicals, on a monthly basis.And with ore grades from current operating deposits projected...Read More
In this issue, we bring you our popular annual look at "Canada's Top Ten" - this year focused on Canada's biggest mining companies, precious metals juniors, and base metals and uranium juniors by market cap. From year to year, these lists don't usually see dramatic changes, with the biggest companies often shuffling up or down one or two spots.This year, however, our Top Ten base metals and uraniu...Read More
By Jaime Llinares Taboada ECR Minerals PLC said Monday that recent drill results show signs of grade continuity at its Bailieston gold project in Australia....Read full newsRead More
By Jaime Llinares Taboada Shares in Lexington Gold Ltd. jumped Monday in early trading after the company reported high-grade gold results for its Loflin...Read full newsRead More
TORONTO, July 11, 2022 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) ("Galantas" or the "Company") is pleased to announce the appointment of SP Angel Corporate Finance LLP as its Joint Broker to support its position as an AIM-quoted company, with immediate effect. Panmure Gordon & Co will continue to act as the Company's Joint Broker. Neither TSX Venture Excha...Read More
Sydney, July 11, 2022 (GLOBE NEWSWIRE) -- Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies: Cobre Ltd (ASX:CBE) has started the next stage of drilling at the Ngami Copper Project (NCP) within the Kalahari Copper Belt (KCB), one of the most prospective copper belts in the world. Click hereFAR Ltd (ASX:FAR) has ap...Read More
Contango Holdings chief Carl Esprey aims to bring in a partner to develop the company's gold project in Mali in the coming months.Read full newsRead More
(All dollar amounts are United States dollars unless otherwise stated)Read full newsRead More
LEAD, S.D. - In a former gold mine a mile underground, inside a titanium tank filled with a rare liquified gas, scientists have begun the search for what so farRead full newsRead More
Contango Holdings chief Carl Esprey aims to bring in a partner to develop the company's gold project in Mali in the coming months.Read full newsRead More