Recent News

Kirkland Lake finds visible gold at Fosterville in Australia

December 17, 2018 / www.northernminer.com

Kirkland Lake Gold (TSX: KL; NYSE; KL) has drilled high grade and visible gold mineralization on the down plunge extensions of the Swan zone at its Fosterville gold mine in Victoria, Australia.The company says results from 47 new drill holes, totaling more than 17,000 metres of underground drilling outside the current measured and indicated Swan resource, are confirming its geological model. It ha...Read More

New British Columbia Geological Survey report highlighting the crucial role played by the BC mining industry in a l...

December 12, 2018 / twitter.com

"New British Columbia Geological Survey report highlighting the crucial role played by the BC mining industry in a low-carbon economy. FPX's Decar #nickel project highlighted in this handy map of BC mines/projects https://t.co/DRT1H0MJgB"Read full newsRead More

Mining company pays millions for gold dug from mine dumps

December 18, 2018 / dlvr.it

BUTTE, Mont. (AP) - One man's trash is another man's gold.Read full newsRead More

FPX Chairman Peter Bradshaw has received the @AME_BC 2018 Gold Pan Award for exceptional meritorious service to min...

December 06, 2018 / twitter.com

"FPX Chairman Peter Bradshaw has received the @AME_BC 2018 Gold Pan Award for exceptional meritorious service to mineral exploration.Read full newsRead More

Philippines #nickel production will fall to 215kt in 2018 from 370kt in 2017. In 2019, nickel output will fall to 1...

December 06, 2018 / twitter.com

"Philippines #nickel production will fall to 215kt in 2018 from 370kt in 2017. In 2019, nickel output will fall to 150kt.https://t.co/W3P9vqTHxj"Read full newsRead More

Vale reduces 2019 #nickel production guidance and announces investments to sustain its Sudbury and New Caledonia o...

December 05, 2018 / twitter.com

"Vale reduces 2019 #nickel production guidance and announces investments to sustain its Sudbury and New Caledoniaoperations https://t.co/jdgEeJ8mYY"Read full newsRead More

Delrey expands portfolio with BC vanadium properties

December 08, 2018 / www.northernminer.com

Delrey Metals (CNSX: DLRY) has acquired two B.C. vanadium projects by issuing 5.5 million shares to BC Vanadium, a private company.The Star and Porcher vanadium properties cover a combined 67.4 sq. km in northwest B.C., near the small logging community of Oona River on Porcher Island. The properties host iron-titanium-vanadium mineralization in titaniferous magnetite. Historic samples from the pro...Read More

Flin Flon mining to stop in 2021, Hudbay memo says

December 01, 2018 / www.northernminer.com

Despite its best efforts, the "most likely scenario" is that in 2021, mining operations will cease in Flin Flon, Man., an internal memo to employees at Hudbay Minerals (TSX: HBM; NYSE: HBM) says.While the company has extended the life of its 777 mine from 2019 to 2021, the memo notes, its efforts to find new sources of ore from 777 "did not turn out as we hoped."That means that the Flin Flon mill...Read More

Drill success continues in Newfoundland for Marathon

December 03, 2018 / www.mining.com

Assays from holes drilled into the southwestern part of the Marathon deposit intersected intervals of high-grade gold over wide intervals at open-pit depths, Marathon Gold Corp. (TSX: MOZ) reports.Highlights include 17.39 grams gold over 5 metres from 213 metres downhole including 1.9 metres of 42.76 grams gold in drill hole MA-18-343, and 19.63 grams gold over 2.3 metres from 67 metres downhole,...Read More

Liberty Gold expands mineralized footprint in Utah at Goldstrike

November 25, 2018 / www.mining.com

Shallow infill and step-out drilling - 250 metres south of the main deposit at Liberty Gold's (TSX: LGD) flagship Goldstrike project in Utah - suggests that oxide gold-bearing feeder structures follow multiple orientations that cross-cut the main deposit trend, the company says.Exploration results from the Peg Leg area at the past-producing mine also indicate that the zone has starter-pit potentia...Read More

ANALYSTS TOTALLY WRONG ABOUT GOLD: Top Gold Miners Production Cost Still Provides Floor In The Market Price

November 26, 2018 / news.goldseek.com

By Steve St. AngeloWhile the debate on the dynamics of the gold market continues, at least the top gold miners production cost provides us with a floor price. Or rather, a basic minimum price level. I get a good laugh when I read analysts suggesting that the gold price will fall back to $450-$700. For the gold price to fall back to $450, then we would need to lose 95+% of global gold mine supp...Read More

First Glencore, now Norilsk calling into question recent estimates on Indonesian HPAL #nickel plants. New report an...

November 21, 2018 / twitter.com

"First Glencore, now Norilsk calling into question recent estimates on Indonesian HPAL #nickel plants. New report an absolute must-read for all market participants (scroll to bottom) https://t.co/NP2KMmxRqL"Read full newsRead More

Macquarie and @woodmackenzie skeptics on cost and pace of new HPAL builds in Indonesia. Doubts cast on plans for de...

November 21, 2018 / twitter.com

"Macquarie and @woodmackenzie skeptics on cost and pace of new HPAL builds in Indonesia. Doubts cast on plans for deluge of new #nickel supply https://t.co/o1xAMTRkD7"Read full newsRead More

Zinc market enters period of peak tightness: Andy Home

November 21, 2018 / www.mining.com

* LME Zinc price, spreads and stocksLONDON - The London zinc market is experiencing unprecedented tightness this week.As of Monday's close, the London Metal Exchange's (LME) benchmark cash-to-three-months spread CMZN0-3 was valued at a backwardation of $97 per tonne.The cash premium is now higher than the last spike in October 2017 with the only historical comparison the years 2006-2007, when LME...Read More

IDM expands Red Mountain program with third drill

November 21, 2018 / www.mining.com

IDM Mining (TSXV: IDM; US-OTC: IDMMF) has added a third underground drill at its Red Mountain underground gold-silver project, east of Stewart, British Columbia. The company has increased its drill program by 5,400 metres; it will now drill 13,000 metres across 54 holes.With its 2018 drilling, the company is testing various zones at Red Mountain including the northern and western extensions of the...Read More

Osisko cuts 84 g/t over 5.3 metres at Windfall Lake

November 21, 2018 / www.mining.com

QUEBEC - They don't call it "Windfall" Lake for nothing. The latest windfall from the property was made by Osisko Mining of Toronto. Drilling returned 83.9 g/t gold over 5.3 metres - an almost unheard of length for such a high grade.And that's not all. The same hole, OSK-W-18-1731 in the Lynx zone, also returned 89.3 g/t gold over 2.4 metres.Other holes were almost as promising: OSK-W-18-1728-W1 r...Read More

Excellent interview with Macquarie's estimable Jim Lennon on #nickel - putting an end to the notion of class 1 vs c...

November 14, 2018 / twitter.com

"Excellent interview with Macquarie's estimable Jim Lennon on #nickel - putting an end to the notion of class 1 vs class 2 price bifurcationhttps://t.co/8s5Z9UcdUA"Read full newsRead More

Brazilian judge instructs Vale to halt operations at its Ona Puma #nickel mine until it meets certain environmenta...

November 19, 2018 / twitter.com

"Brazilian judge instructs Vale to halt operations at its Ona Puma #nickel mine until it meets certain environmental requirements https://t.co/vy01Mt9QeZ"Read full newsRead More

Gold To Move Higher In 2019, But Don't Expect Fireworks - Metals Focus

November 13, 2018 / www.kitco.com

(Kitco News)- Gold prices are expected to quietly move higher through therest of the year into 2019, butone of the world’s top precious metals consultancyfirms said investors shouldn’t expect to see fireworks as there currently isn’tan urgency for diversification.In a recent interview with Kitco News, Philip Newman,director and founding partner of Metals Focus, said that although...Read More

Sherritt International sees jump in nickel production and profit

November 12, 2018 / www.mining.com

Sherritt International, (TSE: S) has released its 2018 Q3 report, and the numbers are up, thanks to the success of the company's Moa joint venture (JV) with the Cuban Government.Sherritt specializes in mining and refining of nickel and cobalt from lateritic ores, and the company also has projects and operations in Canada and Madagascar. The average-reference price for nickel improved 26% from las...Read More