Mining companies operating in Mexico are showing concern, after the country's government scrapped the mining sub-secretary post, one of the Ministry of Economy units, as part of a broader austerity drive on Tuesday.The move, said local mining groups that include industry chamber Camimex, will negatively impact the sector, which is already affected by Covid-19 measures and high numbers of cases and...Read More

Nordgold has sweetened its proposed takeover offer of Cardinal Resources (ASX, TSX: CDV) in order to beat out competition from China's Shandong Gold.The latest offer would see the Russian gold miner acquire all of the Cardinal shares that it does not currently own for A90 ? (US66 ?) per share in cash, up from its previous offer of A66 ? (US48 ?) per share.Cardinal's board of directors has advised...Read More

Gold mines emitted on average 0.8 tonnes of CO2-equivalent (CO2e) for every ounce of gold that was produced in 2019, according to a report from S&P Global.Strong price performance has led to a large number of new gold mines opening and, with this, also concerns of mining's impact on climate change.Another recent report from Wood Mackenzie found that emissions from metals production will need to ha...Read More

Benchmark Metals' (TSXV: BNCH; US-OTC: CYRTF) latest results from drilling the Cliff Creek zone at its Lawyers project in B.C.'s Golden Horseshoe region, includes 31 metres of 2.98 grams gold per tonne and 72.77 grams silver per tonne, or 3.89 grams gold-equivalent.Hole 20CCDD011, which returned the 31-metre section starting at 20 metres downhole, hit three discrete mineralized zones. The hole als...Read More

As the Covid-19 pandemic shutdown economies around the globe, it revealed a number of underlying problems with regional supply chains. The production of copper, cobalt, lithium and other key metals and minerals were severely impacted, leading to supply and demand problems internationally.As part of The Northern Miner's Global Mining Symposium, Frik Els, executive editor of sister publication MININ...Read More

BHP (NYSE: BHP; LSE: BHP) said this week it had inked a deal to support the development of new solar and wind farms in Australia's Queensland state as part of a company-wide effort to use more renewable energy.The miner, which runs nine metallurgical coal operations in the Bowen Basin through its BHP Mitsubishi Alliance (BMA) and BHP Mitsui Coal (BMC), said the move would help it cut its indirect...Read More

Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) expects to begin producing copper at its Kakula project in the Democratic Republic of Congo (DRC) in less than a year, as total underground development to date has surpassed the 20 km mark - about 6 km further than scheduled.Kakula, the first mine planned at the Kamoa-Kakula concession, is initially forecast to generate 3.8 million tonnes of mineralized mate...Read More

U.S. sanctions and a collapsing oil industry are prompting Venezuela to step up its push into gold mining, including in protected areas of the Amazon.Read full newsRead More

Newlox Gold Summarizes Historical Data on the Boston Project & Surrounding Mining Camp Vancouver, BC, August 25, 2020 - Newlox Gold Ventures Corp. ("Newlox" or the "Company") (CSE: LUX | Frankfurt: NGO) is pleased to expand upon its announcement of the Boston Project (17 August 2020) by providing historical technical data on the project and the surrounding mining camp. Read full newsRead More

19.4 g/t Au over 4.4m within 1.4 g/t Au over 118.5m Interval and 4.7 g/t Au over 8.0m within 1.2 g/t Au over 107.3m IntervalRead full newsRead More

Are you looking for top stocks to buy this month? Barrick Gold (TSX: ABX)(NYSE: GOLD), Innergex (TSX:INE), and Metro (TSX:MRU) are three stocks that have performed well during the pandemic — and should keep doing well in September.Barrick GoldThe stock market’s high valuation means the possibility of a crash is increasing. One way to defend yourself from an impending stock crash is to...Read More

Investors were probably rubbing their eyes after seeing Zoom Video (NASDAQ:ZM) leap 42% this week. The stock caught fire following revised earnings guidance issued Monday. But should Canadians be sucked into the hype being generated by tech stocks on U.S. exchanges? Or is there a better way to accumulate wealth in a stock portfolio over the long term?Bet on the horse or buy the race track?Short-te...Read More

Warren Buffett may be the best investor of all time. But one thing he’s never liked is gold.“Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head,” he said in a 1998 at Harvard University.Apparently, he c...Read More

Sep 03, 2020 Guest(s): Peter Hug Global Trading Director, Kitco Metals With holidays and families preparing for the fall, there are not that many traders, which leads to all sorts of volatility, said Peter Hug, head of Kitco's precious metal division. Hug spoke to Kitco News on Wednesday when October gold futures traded down $35.40 to $1,935.40. "During the last week of August, leading up to Lab...Read More

Here are five Fastmarkets stories you might have missed on Thursday September 3 that are worth another look.A month ago, Eric, a steel importer based in eastern China, was pricing hot-rolled coil imports 20-30 yuan ($3-4) per tonne below the market average to secure orders. Now, he...Read More

Three-month prices for base metals on the London Metal Exchange were mostly lower at the close of trading on Thursday September 3, with positive unemployment data and services data from the United States doing little to stop an equities-led decline across the complex.A 4% downturn in LME nickel futures led that decline, and nickel's outright price on the LME was the laggard over Thursday afternoon...Read More

The latest forecasts from Fastmarkets' team of base metals analysts are ready to view, including an upgrade to our aluminium price forecasts.Aluminium: Price forecasts raisedWe correctly expected the macro reflationary theme to raise the prices for all base metals but, with it being the base metal with by far the weakest fundamentals, we had expected the price of aluminium to underperform relative...Read More

Here are five Fastmarkets stories you might have missed on Thursday September 3 that are worth another look.A month ago, Eric, a steel importer based in eastern China, was pricing hot-rolled coil imports 20-30 yuan ($3-4) per tonne below the market average to secure orders. Now, he...Read More

President Mike Romanik said the explorer was "very pleased" Sprott had agreed to invest about $6.5 million, which would increase the high-profile investor's stake to 19.9%.First Majestic would subscribe for $700,000 worth of the shares on offer, resulting in a holding of about 16.4%.The placement was priced at $1.40 per share.Silver Dollar had listed on the Canadian Securities Exchange in May afte...Read More

Chile produced 462,000 tonnes of copper in July 2020, a 5.1% year-on-year drop from 486,800 tonnes with several operations halted, notably Codelco's, national copper commission Cochilco said on Wednesday September 2.Despite the lower production in July, the year-to-date output for the country was still up year on year after seven months. Chile produced 3.29 million tonnes in January-July 2020, up...Read More