MiningFeeds previously wrote about Bonterra Resources (TSX-V: BTR) and its Gladiator Gold Project in Quebec. The company has steadily advanced through an extensive resource development program expand and define its geological resource model for an updated 43-101 Mineral Resource technical report that will likely prove to be significantly larger than its dated 2012 resource estimate. In 2012, usi...Read More
President and CEO Steve Roebuck said this week the 18 core holes (for 1,749m) drilled on OR79 in February-March this year confirmed two north-south trending mineralised corridors defined by the presence of multiple 0.3-1m-wide mineralised intersections grading up to 5.09 grams per tonne gold over 0.65m.Enforcer reported the mineralised intersections were primarily hosted in weakly to strongly shea...Read More
The agreement will give it access to the Saltpond and Cape Coast lithium projects in Ghana, which include 645sq.km of prospective lithium targets that should complement IronRidge's lithium portfolio in neighbouring Cote D'Ivoire.Read More
SHANGHAI, Apr 20 (SMM) – The nonferrous metals saw bleak performance today expect for SHFE tin. Nickel led a loss of 3%, aluminium dropped over 2%, copper slid close to 1%, with lead and zinc dipping.The ferrous complex fell across the board with coking coal leading a loss of over 2%. Coke lost 1.7%, rebar dropped over 1%, iron ore edged down close to 1%, with hot-rolled coil down slightly.C...Read More
The project's exploration licence, which expires on December 28, 2021, was transferred to ECR by the previous owner for no payment.ECR did not give details as to who the previous owner was or why the licence had been transferred, but said there was no profit or turnover attaching to the asset and no book value at acquisition.The project is considered highly prospective for gold mineralisation host...Read More
SHANGHAI, Apr 20 (SMM) – Yangshan copper premiums have continued to climb since the start of 2018, staying at levels higher than the benchmark of $75/mt for the most part.Offers with warehouse warrants were heard offered above $90/mt, SMM learned.This is because a tighter copper scrap supply has boosted consumption of imported copper cathode, as the import arbitrage window was open for a lon...Read More
The fundraising is part of an overall US$775-825 million financing structure announced in March to build the project.Read More
But, in a happy coincidence, the estimated cost of fixing the problem is the same as the performance bond, and Wolf says fellow ASX company GR Engineering Services has agreed to cover it.Read More
SHANGHAI, Apr 20 (SMM) –Copper: As most base metals went down overnight, LME copper dipped from highs to close at $6,962/mt. Technically, it remained above the 60-day moving average and touched the upper Bollinger Band. SHFE copper hit the 40-day moving average above with the five- and 10-day moving average rising. We expect LME copper to trade at $6,930-6,980/mt and SHFE 1805 at 51,200-51,7...Read More
The raising was swamped by international and domestic institutions, and the company is still set to pass around the hat to allow existing shareholders to feel they haven't been short-changed. A pro-rata entitlement issue will be on the same terms as the placement: A5.1c per share with one free 7.8c option exercisable by April 30, 2020, shortly after mining is planned to begin. The...Read More
Earnings before interest, tax, depreciation and amortisation rose to A$41 million for the quarter, while the EBITDA margin was 41%.Revenue was up by 22% quarter-on-quarter to $101.2 million, which the company attributed to a full quarter of contribution from newly acquired Force Equipment and the ramp-up of projects, taking utilisation to 61% at the end of the quarter."With operating EBITDA doubli...Read More
Soon after coming to power last year NT Chief Minister Michael Gunner announced a review of NT taxes and charges amid reports that Glencore's massive MacArthur River zinc mine has paid almost no royalties since it opened in 1995, using deductions for capital investment to offset potential payments. While benefitting from a 20-year agreement to receive a A$5 million-a-year subsidy from the gov...Read More
Canada's Copper Mountain Mining (TSX:CMMC) has completed the acquisition of Australian junior Altona Mining (ASX:AOH) for A$93 million, or about $72 million at today's rates.As part of the deal, each Altona share will be exchanged for 0.0974 Copper Mountain shares, which equates to a 41.7% premium based on closing prices at the time of both companies first agreed on the deal, in November.The m...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, revealed Thursday that revenue in the first quarter of the year had slumped almost 50% after reduced operations at its flagship Bulyanhulu gold mine continued to drag sales down.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), also said production dropped 45% to 120,981 ounces in the first three months of 2018 when compared to...Read More
Investing.com - Gold prices moved higher on Wednesday, as the dollar saw little movement and investors looked ahead to references from the Federal Reserve.Comex gold futures gained $6.40, or around 0.5%, at $1,355.90 a troy ounce by 10:32AM ET (14:32GMT), while the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, slipped 0.04...Read More
By: Paul FarrugiaGold and silver mining stocks face increased risks and uncertainty in 2018, not seen by investors and mining management teams for quite some time. Many of the top risks to gold stocks are related to geopolitical and financial, which will only compound the already high operational risks. Many of these top risks to gold stocks can be applied to silver stocks and any commodity stocks...Read More
Revival CEO Hugh Agro told Mining Journal there had been a resurgence of mining activity in the US and "some real positive developments in terms of the recognition of mining's role in the economy".Read More
The miner, which floated on AIM last year, has released a preliminary economic study it says shows the viability of restarting the openpit project.Read More
Levon has filed an updated preliminary economic assessment for Cordero, which outlines capex of US$570 million for a 29-year mine at 46.5g/t silver-equivalent, to produce concentrates containing 231 million ounces silver, 2.86 billion pounds of zinc, 1.99 billion pounds of lead and 0.35Moz of gold.Read More