With U.S. equity markets on holidays today, no pre-opening comments are offered. Responses to FOMC Meeting Minutes Minutes were released at 2:00 PM EST yesterdayU.S. equity indices moved higher after 2:00 PM ESTU.S. Dollar and related ETN: UUP moved lower after 2:00 PM ESTLong term U.S. Treasury bond yields moved lower. Long term U.S. Treasury bond prices moved higher after 2:00 PM ESTGold p...Read More
Ontario is starting a two-year, $5 million critical minerals innovation fund to support research and development of new technologies. The fund is to support Ontario-based new technologies in the supply chain for green energy like electric vehicles by connecting mineral resources in the north with manufacturing in the south, provincial mines minister George Pirie said in a news release on Thursd...Read More
There's got to be a sense of schadenfreude in some circles of the mining business watching the implosion of FTX this month. Somehow, cryptocurrencies have competed with the mining sector as both a speculative investment - squeezing out money that might otherwise be directed to junior miners - and also been sold as a store of wealth and inflation hedge, competing with precious metals. While some...Read More
American Creek Resources (TSXV: AMK) and Tudor Gold (TSXV: TUD) say step-out drilling at their Treaty Creek joint project in northwestern British Columbia's Golden Triangle shows higher grades than in last year's initial resource estimate. Drill hole GS-22-159 cut 180 metres grading 1.71 grams gold equivalent per tonne with 0.92 gram gold, 6.1 grams silver and 0.61% copper, the compact reported...Read More
Mexico-focused Vizsla Silver (TSXV: VZLA; NYSE: VZLA) has entered into a non-binding letter of intent with Prismo Metals (CSE: PRIZ) for a strategic investment totalling $2 million. In exchange, Vizsla would receive a right of first refusal to purchase the Palos Verdes project from Prismo as well as 4 million units of Prismo.The Palos Verdes concession sits in the eastern area of Vizsla's Panuco...Read More
Codelco, the world's biggest copper producer, warned on Thursday that global shortages of the metal may reach 8 million tonnes by 2032, as soaring demand continues to offset the number of new projects.Maximo Pacheco, chairman of the board of Codelco, said at an industry conference that while a surplus is expected in the short term due to new projects in Chile, Peru, the Democratic Republic of the...Read More
Twenty-one Tanzanian nationals filed a lawsuit in Ontario Supreme Court Wednesday morning against Barrick Gold (TSX: ABX) for alleged human rights violations at the company's North Mara gold mine in Tanzania. It is the first time the Canadian gold giant has faced legal action in its home country for alleged abuses abroad, but it has faced prior allegations in the U.K.In 2020, a group of eight Tan...Read More
SolGold (TSX: SOLG; LSE: SOLG) announced Wednesday that certain investors, including China's Jiangxi Copper (Hong Kong) Investment Co.. have agreed to purchase 180 million shares of the company at a price of US20 ? per share for gross proceeds of US$36 million.Among the new investors, Jiangxi Copper is expected to purchase 155 million shares. Once the financing closes (subject to due diligence wit...Read More
Camino Minerals (TSXV: COR; US-OTC: CAMZF) has announced high solubility results over significant copper oxide intercepts in the Lourdes zone at its Los Chapitos property in Peru. Lourdes is one of several new zones identified by the company to target additional drilling campaigns to expand known copper mineralization at Los Chapitos for an envisioned copper oxide heap-leach mine."A copper oxide...Read More
Mountain Province Diamonds (TSX: MPV) has found a new kimberlite on the claims and leases surrounding its Gahcho Ku?(C) joint venture operation in the Northwest Territories, about 280 km northeast of Yellowknife.The company owns a 49% stake in the mine, with De Beers owning 51%. The new KE kimberlite is a distinct occurrence that is located about 450 metres east of the Kelvin kimberlite, the Tor...Read More
Amarc Resources ( TSXV: AHR; OTCQB: AXREF) has signed an earn-in agreement with the Boliden Group whereby the Swedish major can earn up to a 70% ownership in the DUKE copper-gold district by funding $90 million in exploration and development expenditures on the project.Amarc's 678 sq. km DUKE District is 80 km northeast of Smithers within the Babine Region, one of B.C.'s most prolific porphyry cop...Read More
Lion One Metals (TSXV: LIO; US-OTCQX: LOMLF; ASX: LLO) continues to expand the Deep Feeder Zone 500 at its Tuvatu alkaline gold project in Fiji.The latest assay results reveal how the company traces bonanza-grade intercepts in a new feeder zone. It is interpreted as confirming a significant vertical extension and proving the continuity of the URW3 mineralized zone, which occurs on the western marg...Read More
A new shallow-depth gold discovery at Skeena Resources' (TSX: SKE; NYSE: SKE) Eskay Creek project means the open-pit concept could be expanded and offer greater returns than initially thought, the company and analysts said. Drilling at the project in northwestern British Columbia's Golden Triangle area found rhyolite-hosted mineralization about 200 metres east of the site's 22 Zone at a vertica...Read More
This week's episode features the Thought Leadership panel at the Global Mining Symposium, featuring Jean-Marie Clouet, Corporate Director, Investor Relations, Agnico Eagle Mines; Stephen Crozier, Vice President, Sustainability, Noront Resources; Kevin D'Souza, Chief Sustainability Officer, Resource Capital Funds; Pierre Gratton, President and CEO, Mining Association of Canada (MAC); and moderator...Read More
SolGold (TSX: SOLG; LSE: SOLG) announced Tuesday that it will delay the Cascabel feasibility study and Porvenir preliminary economic assessment (PEA) due to the evolving capital cost environment and its study of value-enhancing opportunities."Our top priority is to allocate our human and capital resources efficiently to unlock shareholder value," said interim CEO Scott Caldwell, who took on the jo...Read More
Dor?(C) Copper Mining (TSXV: DCMC; US-OTC: DRCMF) says drilling at its Corner Bay copper project in Quebec will help expand its mineral resource estimate as it aims to complete a feasibility study in 2024. The Toronto-based company finished almost 40,000 metres of drilling this year at the site about 500 km northwest of Quebec City, it said in a news release on Tuesday.Drilling highlights from th...Read More
Condor Gold (TSX: COG; LSE: CNR) has decided to put its flagship La India open pit gold project in Nicaragua up for sale, preferably to a gold producer with mine building expertise.The miner said the board reviewed the company's options, including going through financing and construction phase as a single-asset, single-jurisdiction company with no existing gold production.It concluded, howev...Read More
Canadian explorer Sigma Lithium (TSXV: SGML; NASDAQ: SGML) is on track to finish construction of the first phase of its Grota do Cirilo lithium hard rock project in Brazil by the end of this year.In a call with investors held Monday, co-chief executive Ana Cabral-Gardner said the company will start commissioning the crushing plant by year-end, with commercial production expected in April, 2023.S...Read More
Next year is looking to be a pivotal one for HeliosX Lithium & Technologies Corp. (TSXV: HX; US-OTCQB: HXLTF) as it plans to mobilize drills and equipment to its Nevada and Alberta-based assets. The Calgary-based company is eager to put some more concrete data behind the theses underpinning its portfolio, says CEO Christopher Brown in an interview with The Northern Miner.The executive says HeliosX...Read More
On a 35-minute helicopter ride from Guyana's capital of Georgetown to Reunion Gold's (TSXV: RGD) Oko West project in the Cuyuni mining district, it's easy to see where the South American country got its nickname - the land of many waters. We fly over the Demerara River and the mighty Essequibo River which leads down to Bartica - a town of 20,000 that's also a gold mining gateway and lies at the co...Read More