The 240-carat top white gem diamond recovered recently from the Karowe mine. (Image: Lucara Diamond)BOTSWANA - Earlier this month, Lucara Diamond Corp. recovered a 127-carat top white diamond from its Karowe mine. And the good new just keeps coming. This time the company has recovered a 240-carat top white gem from the same mine.Since mining began in 2012 at Karowe, a total of 43 diamonds heavier...Read More
Petra Diamonds Ltd. fell the most in eight months in London after the South Africa-focused miner dug up gems worth significantly less than expected.Petra has been seeking to turn around its fortunes after piling up debt to expand its flagship Cullinan mine in South Africa. It was forced to tap shareholders for funds last year to alleviate those problems, but the company's efforts are being undermi...Read More
Canadian bullion producer IAMGOLD Corp. (TSX IMG), (NYSE: IAG) will not proceed with the construction of its C??t?(C) gold project, in Ontario, as it's waiting for improved market conditions before going ahead with the $1.15-billion investment, it said Monday.Chief executive Steve Letwin said his company had substantially de-risked the project, located in the Abitibi gold belt, and that it cont...Read More
India is on track to produce the most iron ore in nine years as independent miners extract more of the steel-making raw material before the expiry of their leases next year.The country is set to produce as much as 210 million metric tons in the financial year ending March 31, R.K. Sharma, secretary general at the Federation of Indian Mineral Industries, said in a phone interview from New Delhi. Th...Read More
The Kibali gold mine produced 807,2511 ounces of gold in 2018, above its target of 750,000 ounces and 35% higher than its output the previous year. This was achieved on the back of the successful ramp-up in underground production and a steady improvement in the processing plant recovery and throughput.Barrick president and chief executive Mark Bristow told a media briefing here today that the reco...Read More
Exploration in British Columbia hit paydirt on Monday, with the Premier announcing that two investment-friendly tax credits would no longer be evaluated on a year to year basis.Speaking at Roundup 2019, the annual meet-up organized by AMEBC (Association for Mineral Exploration), Horgan said his government will adopt the recommendations of the Mining Jobs Task Force in making the Mining Flow-Throug...Read More
* U.S. lifted sanctions on Rusal, En+ on Sunday* Rusal shares up 9 percent in Hong Kong* London aluminium prices down as much as 1.4 percent* Russian stock index rises to all-time high U.S. President Donald Trump's administration on Sunday lifted sanctions on the core empire of Russian tycoon Oleg Deripaska, including aluminium giant Rusal and its parent En+, despite a Democrat-led push to maint...Read More
Sherritt International Corp. has published its 2018 year end production numbers, some of which outstripped guidance and some of which fell short. The company also supplied guidance numbers for 2019.At the Moa joint venture in Cuba, 2018 finished nickel production was 30,708 tonnes, despite bad weather, transportation delays, and disrupted hydrogen sulphide supply. Cobalt production at Moa was 3,23...Read More
Vendetta Mining (TSXV: VTT) announced that it has just received the results from an independent Preliminary Economic Assessment or PEA for its Pegmont lead-zinc project located in Queensland, northeastern AustraliaIn a press release, Vendetta explained that the PEA was developed by a team of independent consultants, including AMC Mining Consultants, GR Engineering Services, and AARC Environmental...Read More
Toronto's Wesdome Gold Mines is enjoying continued success as it chalks up more high grades from its exploration drilling program at the Kiena gold mine in Val d'Or. Focused on the Deep A zone, recent work has extended the zone both up and down plunge.The Deep A zone has yielded the following highlights since the recent resource estimate:Hole 6384A: 33.7 g/t gold over 30.6 metres core length (28.4...Read More
The gold miners' stocks have slumped in January, tilting sentiment back to bearish. This sector's strong December upward momentum was checked by gold's own upleg stalling out. Gold investment demand growth slowed on the blistering stock-market rally. But uplegs always flow and ebb, and this young gold-stock upleg merely paused. The gold miners' gains will likely resume soon, rekindling bul...Read More
The last year was a harrowing time for investors in one-time investor darling Great Panther Silver Ltd. (TSX:GPR)(NYSEMKT:GPL). The intermediate silver miner saw its market value collapse dramatically in mid-2018, seeing it down by a whopping 41% over the last year compared to around 13% for silver. While considerable doubts exist about Great Panther's ability to improve its performance in the cur...Read More
Silver's stagnant outlook and poor performance since mid-2018, which eventually saw the white metal fall below US$14 per ounce, has weighed heavily on silver miners. Global X Silver Miners ETF, which provides broad exposure to the 10 largest primary silver miners, has lost 17% over the last year, while many individual miners have suffered even greater losses. These include Maya Gold and Silver (T...Read More
By 2030, the amount of installed wind power globally will more than double, according to the International Energy Agency (IEA). Installed solar power will quadruple.And the number of electric vehicles will increase 1,389% - to 125 million from three million - by 2030, and 3,333% in 2040 to 300 million, according to the IEA.Given that each electric vehicle requires 83 kilograms of copper and each...Read More
Montreal's Yorbeau Resources has resumed diamond drilling at its Scott copper-zinc property between the towns of Chibougamau and Chapais. The goal is to identify an extension of the deposit west of the Gwillim fault.A preliminary economic assessment was made in 2017 for the Scott project that planned on mining 12 million tonnes at grades of 4.14% zinc, 0.81% copper, 27 g/t silver and 0.24 g/t go...Read More
Hold on to your hats, or your stash, because marijuana is about to take another big step toward full-blown legalization.There's going to be a rupture. And it's been a long time coming.Here's the deal...As you no doubt know, marijuana legalization has been advancing at a rapid pace... on the state level.Ten states - Alaska, Washington, Oregon, California, Nevada, Colorado, Michigan, Vermont, Massac...Read More
Jan 29, 2019 Guest(s): Tim Sykes CEO, TLC Media LLC Tim Sykes, known for turning $12,000 of his Bar Mitzvah money into millions, now tells his students that taking profits early is what makes him successful. "I usually take a third or half of the profits, so with penny stocks, they're so volatile, you don't need to pick the exact top. Too many people get overly greedy, they go for home runs. I w...Read More
Bluestone Resources (TSXV: BSR; US-OTC: BBSRF) has tabled a feasibility study for its Cerro Blanco gold project in Guatemala that says the project would produce 902,000 oz. gold over an eight year mine life. It would cost an initial $196 million and achieve after-tax payback in 2.1 years.The project has a $241 million after-tax net present value at a 5% discount rate and a 34% after-tax internal...Read More
Toronto-based QMX Gold Corp. has released high grade results from its ongoing drilling program at the Val d'Or East zone near Val d'Or. Half of the planned 26 holes have been completed at the Bonnefond target with the best assays reaching 39.5 and 31.5 g/t gold.Core from work at the tonalitic plug returned 31.55 g/t gold over 1.6 metre within an intersection of 3.31 g/t over 26.8 metres within a...Read More
Great Panther Silver (TSX: GPR; NYSE American: GPL) has increased the measured and indicated resource at its Topia silver-gold-lead-zinc mine in Mexico's Durango state to nearly 15 million silver-equivalent ounces.Despite mine depletion since the last resource estimate was completed four years ago, Great Panther Silver has boosted Topia's measured and indicated resource by 28% to 475,900 tonnes g...Read More