Barrick Gold Corporation (NYSE: GOLD, TSX: ABX) announced today that it achieved preliminary Q1 production of 1.37 million ounces of gold and 106 million pounds of copper, both in line with its operating plans and guidance.After setting a production record at the its Kibali mine last year, Barrick says the operation is on track for another record performance in 2019. The Kibali gold mine is a join...Read More
In a vital south Indian state that starts voting on Thursday, small upstart political parties are luring voters concerned about jobs, economic growth and pollution, threatening to upend Prime Minister Narendra Modi's election strategy in this key region.In Tamil Nadu, a small breakaway group, called Amma Makkal Munnettra Kazagam, is attempting to make inroads in one district by promising to shutte...Read More
British bank Barclays and hedge fund Red Kite Group have settled a legal dispute in which the fund accused the bank of manipulating the copper market and causing it to lose money."Legal proceedings between the Red Kite group as Claimants and Barclays Bank PLC as Defendant have been concluded on mutually acceptable terms," Barclays said in a statement on Thursday, without giving details of the sett...Read More
Eastern promise for PolarXSPONSOREDpolarxLos Helados is a large copper-gold porphyry deposit in Chile's Region III, comprised of adjacent mineral titles in Chile and Argentina. Upon completion, the spinco will hold about 63% of Los Helados and a portfolio of exploration interests. The remaining 37% interest is held by its exploration partner Pan Pacific Copper, operator of the Caserones mine some...Read More
Eastern promise for PolarXSPONSOREDpolarxThe company has 24 drill rigs operating throughout the Curaçá Valley, including 11 within Vermelhos and 13 within Pilar.Ero is the latest vehicle of copper exploration legend David Strang, who is president and CEO.Eastern promise for PolarXSPONSOREDpolarxDrilling at Vermelhos has resulted in meaningful increases in previously modeled thickness...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixThe Elementos share price has been remarkably stable over the past four...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixGlencore's Jeff Gerard will take on the top job on May 2, replacing Dan...Read More
Eastern promise for PolarXSPONSOREDpolarxThe planned Black Butte underground operation is at the permitting stage with the challenge for developers at the project (and in the region) revolving around environmental queries.Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixSteel companies are reaping the benefits of the now-level trade situati...Read More
Power Ore has completed the digitization and geological model for the Opemiska copper complex near the town of Chapais in the Canadian province of Quebec. Based on all available drilling data, it has confirmed the distribution of disseminated material around the known veins. There is also widespread disseminated mineralization near the contact with underlying rhyolite.Power Ore says the new geolog...Read More
Katanga Mining Ltd, a unit of Glencore Plc, on Wednesday named Glencore Coal's chief development officer Jeff Gerard to the top job, taking over from Danny Callow.Gerard will take over on May 2 and will also serve as the head of Glencore's assets in the Democratic Republic Of Congo and oversee its Mutanda mining operation in the country.(Reporting by Arathy S Nair in Bengaluru; Editing by Arun Koy...Read More
The price of copper jumped on Wednesday after upbeat industrial activity data from China, consumer of half the world's industrial metals, provided evidence that Beijing's stimulus program is finally filtering through to the real economy.Copper for delivery in May added more than 2% to touch a high of $2.9955 per pound ($6,604 per tonne) on the Comex market in New York. It's the highest level since...Read More
The joint venture - Copper Fox 25% and Teck Resources 75% owned - continues to move forward with work at the Schaft Creek advanced exploration project. Located 375 km northwest of Smithers, the property is a potential producer of copper, gold and molybdenum.An in-depth conceptual study has begun to follow up on last year's sizing and infrastructure alternatives. The project is also being de-risked...Read More
Morocco's leading mining firm Managem said it is considering raising 200 million dollars through sales of non-convertible bonds with a maturity of up to 7 years to fund its development plans.The terms of the issuance will have to be approved by its general assembly on May 6, Managem said in a statement.Last month, the group reported a 16 percent drop in 2018 revenue to 4.35 billion dirhams ($454.5...Read More
Lumina Copper has halted operations at its Caserones mine, in Chile's northern Atacama region, following the death of one of its contractors.The company, majority-owned by Japan's top smelter, JX Nippon Mining & Metals, in conjunction with fellow miners Mitsui Mining and Mitsui Co., said the fatal accident happened on Tuesday afternoon outside the truck shop.Lumina noted the cause of the accident...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixSucking my recent Australian trip for all it is worth, I recall while t...Read More
Eastern promise for PolarXSPONSOREDpolarxHudbay said the private equity firm's move was a ploy to stop it from soliciting proxies as a proxy contest between the two parties heats up.Waterton, Hudbay's second largest shareholder at 12.1%, last year gradually stepped up its dissent, urging the miner to replace its chief executive and nominating its own slate of five directors to the board.Eastern pr...Read More
Global stock and bond markets continue to be driven by the macros of a possible trade deal, accommodative central banks, weaker earnings, continued stock buybacks, and rising government debt.Gold is driven by these same macros, but it has the additional price driver of seasonal Chindian physical market demand.It's currently the soft season for physical demand, but the rest of the price drive...Read More
A $565 million funding package brings Cupric Canyon Capital one step closer to turning its Khoemacau project into a major copper and silver mine in northwestern Botswana.The private company has been developing the project over the last six years, drilling 285,000 metres, completing permitting and land access agreements, securing required power and water, and acquiring a previously operated copper...Read More
Aztec Minerals (TSXV: AZT) recently flew a magnetic and radiometric survey over its Cervantes copper-gold project in Sonora, Mexico, that identified 11 porphyry targets. Follow up work by the company will initially target four main targets: California, Estrella, California North and Purisima East.The survey supports the company's belief that the project contains multiple porphyry cells along a nor...Read More