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
"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
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
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
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
"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
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
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 minesSome 67% of regional silver production and 56% of our copper production was exposed to water scarcity.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 minesGudai-Darri, approved in late 2018, represents Rio's first greenfields Pilbara iron ore development in over a decad...Read More
US fund manager Van Eck, which is the second largest shareholder in the firm, has now termed the proposed deal as "another poorly structured deal", according to one of its analysts.Read More
Antofagasta announced a leak in the Los Pelambres concentrate pipeline on June 7. Antofagasta reports that restrictions to access the leak have been partially eased, allowing repairs to begin.Read More
Palmer's speech covered ESG touchstones including decarbonisation, sexual harassment and the need for better relationships with communities, within a broad message that, "to stay relevant, we must look beyond what we produce and focus on how we produce these materials," he saidHe stressed that as the leading gold producer, Newmont has, "a tremendous opportunity to be a catalyst for sustainable dev...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
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
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"Canada is home to almost half of listed companies in the mining and minerals space, with a combined market cap of...Read More
In May, SolGold reported a measured and indicated resource of 2.7 billion tonnes grading 0.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
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