Codelco maintains that the smelter meets environmental standards. However, operations ceased on June 6 when the company decided to bring forward maintenance work after episodes during which up to 100 local residents including children and adults experienced intoxication.Th copper producer created dialogue tables with the almost 350 workers and union representatives to transition them into other ro...Read More
Non-executive chair Charles (Chuck) Jeannes, who lives in Nevada, began Glamis Gold which bought Goldcorp in 2006 for US$8.6 billion. Gold Standard Ventures' president and CEO Jason Attew was also at Goldcorp before moving on to investment banking at Bank of Montreal."Glamis started on open pit heap leach mines in Nevada. Our market message has been that we will begin [Orla] in a similar way, with...Read More
The government of Nicaragua created state-owned ENIMINAS to solidify its control over Nicaragua's mining sector in 2017.Read More
The initial public offering price for 14.388 million shares would be between US$11.75-12.50 per share, the firm said in a filing to the NYSE.Underwriters to the offering have an option to purchase a maximum of 2,158,200 additional shares of common shares.Ivanhoe Electric in an initial filing registration to the NYSE last month said the planned dual listing was "in order to support American supply...Read More
While not widely recommended by investment advisers it is getting harder to ignore the 200% rise in the price of thermal (electricity producing) coal over the last 12-months, or its 700% riseRead More
CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesJunior miners will need to increase their decarbonisation efforts in order to remain relevant, International Counci...Read More
"We're cash-rich but could be helped on the resources," Rae said, adding that the company would only be interested in accretive deals.Read More
SSR Mining's share purchase under a normal course issuer bid will supplement the existing base dividend and is part of its capital allocation framework for returning excess cash to shareholders, the firm said.Analysts said the share buy back could be funded from strong cash balances."SSR ended the first quarter with a cash balance of US$999 million excluding restricted cash and we currently model...Read More
Kudz Ze Kayah is an open-pit and underground silver, copper, gold, lead and zinc mine development located approximately 115 kilometres southeast of Ross River, Yukon and 5 km west of the Wolverine zinc mine.The project is anticipated to inject up to C$720 million in capital expenditures into Canadian and Yukon economies over its life, Natural Resources Canada said.The project can now proceed to th...Read More
The move comes after the Canadian government in its national budget set aside C$3.8 billion in April this year for the development of critical minerals, which includes graphite, and highlights how firms are eager to lobby for financial support from government.Northern Graphite is seeking government support in financing the construction of Bissett Creek graphite mine in Ontario and extending the mi...Read More
"His breadth of experience is well-suited to lead our company into the future," NV Gold's chairman John Watson said."John's strong background in finance and investor relations, combined with his industry reputation will be pivotal to achieving the company's goals. NV Gold is pursuing an aggressive exploration strategy designed to take advantage of its significant Nevada property portfolio," he sai...Read More
The latest planned merger between Toronto-listed Elemental Royalties and Altus Strategies announced on June 14 is expected to be followed by other royalty and streaming firms who have enjoyed strongRead More
For the year-to-May, Dynacor's cumulative sales are $87.2 million, which is a 26% year on year increase. The January-May sales translate to an annualized rate of $210.78 million.The May sales were up 24% year on year and 11% month on month.Dynacor's average selling price in May was $1,846/oz, compared to $1,873/oz in May of last year. The 2022 forecast is based on an average gold price of $1,800/o...Read More
CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesFar more than companies in other sectors, miners have an implied freedom to switch strategic direction, perhaps fre...Read More
The project would yield an after-tax net present value of C$48.3 million at a at a 5% discount rate and an internal rate of return of 43% at a US$1,600 per ounce gold price following an initial capital cost of $22.1 million.The company is progessing to complete a pre-feasibility study expected to be completed by year end with permitting for the Bachelor mill and tailings expansion ongoing."The ope...Read More
CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu mines"It takes a lot of work to understand a deal with this level of complexity. … It is very unique for two piec...Read More
Construction work at Skouries started in 2013 but the project has been embroiled in a series of legal disputes with Greek authorities over permitting for the scheme.Read More
Kinross has already received US$300 million in US-denominated cash into its corporate account outside of Russia and will receive the remaining payment of US$40 million on the first anniversary of dealRead More
"About three years ago we put forward a very aggressive plan to become 150,000 ounce a year producer within five years.Read More
In May, SolGold reported a measured and indicated resource of 2.7 billion tonnes grading 0.Read More