Shares in Canada's Ivanhoe Mines fell sharply on Wednesday after lawmakers in the Democratic Republic of Congo, where Ivanhoe is advancing two major projects, voted in favour of new mining laws that immediately lifts a provision which exempted licence holders from compliance with the new code for 10 years.Ivanhoe Mines, headed by billionaire mining financier Robert Friedland, ended down 11.3% on t...Read More
CEO Insights from the Vancouver Resource Investment Conference: Chilean Metals, Golden Predator, Falco Resources, Newrange Gold, Viva GoldRead full newsRead More
Miners and explorers knew that the Democratic Republic of Congo would be raising taxes and royalties, but were blindsided on Wednesday when lawmakers of the country voted in favour of an immediate lifting of a provision exempting licence holders of compliance with the new code for 10 years.That means mines and projects run by companies including Glencore, Randgold Resources, China Molybdenum, Eura...Read More
Mr. Jean Martineau reportsDYNACOR RECEIVES COMMUNITY APPROVAL TO DRILL TEST TUMIPAMPADynacor Gold Mines Inc. has received community approval to drill test the disseminated zone of its flagship gold project, Tumipampa. Dynacor will now apply for the exploration permit from the Ministry of Energy and Mines. The corporation is preparing a drilling campaign of the high-priority targets immediately aft...Read More
In recent years, two major copper mine proposals in B.C. - New Prosperity and Ajax - have been rejected by government, either largely or partly due to First Nations opposition.What gets less publicity are mines that have been built with the support and co-operation of First Nations - Red Chris and Brucejack being among the most recent examples.At last week's Association for Mineral Exploration (AM...Read More
Echoing the criticism of too much hype surrounding U.S. shale from the Saudi oil minister last week, a new report finds that shale drilling is still largely not profitable. Not only that, but costs are on the rise and drillers are pursuing "irrational production."Riyadh-based Al Rajhi Capital dug into the financials of a long list of U.S. shale companies, and found that "despite rising prices...Read More
Ram Venkat, non-executive director at Metminco Ltd (ASX: MNC)(LON:MNC), tells Proactive they've submitted a plan of works to the Colombian Mining Agency for the Miraflores gold project.The plan follows Metminco's announcement last year that it had established a reserve of 457,000 ounces of gold and 385,000 ounces of silver at Miraflores. Meet Reward Minerals Ltd, Recce Ltd, Rimfire Pacific M...Read More
Mr. Robert Willis reportsSAN MARCO ANNOUNCES EXECUTIVE APPOINTMENT AND WARRANT EXERCISESan Marco Resources Inc. has appointed ChristianGrijalva as vice-president of San Marco and San Marco Resources, Mexico SA de CV. Previously, Mr. Grijalva was manager of projects for the company, overseeing all Mexico operations.Robert Willis, San Marco's chief executive officer, stated: "A significant part of b...Read More
Mr. Rob Humphryson reportsNOVO BOOSTS EXPLORATION TEAM Novo Resources Corp. has appointed Kas De Luca to its team as senior exploration manager. With a career spanning more than 30 years, including extensive international experience with companies such as Dundee Precious Metals, Placer Dome, KCGM and Goldfields, Ms. De Luca joins the company most recently from Newcrest Mining Ltd., where she held...Read More
Mr. Peter Voulgaris reportsVENDETTA REPORTS SHALLOW HIGH GRADE DRILLING RESULTS FROM SURFACE AT THE PEGMONT LEAD-ZINC PROJECTVendetta Mining Corp. has released results from zone 1 drilling from the completed 2017 program at the Pegmont lead-zinc project in Queensland, Australia.Zone 1 sulphide highlights:PVRD104:7.1 metres of 11.02 per cent Pb plus Zn (7.10 per cent Pb, 3.93 per cent Zn);PVRD109:...Read More
Rio Tinto (ASX, LON, NYSE: RIO), the world's second largest mining company, denied Wednesday a report released by a Dutch non-profit organization claiming it had dodged $700 million in taxes to Mongolian and Canadian authorities relating to its Oyu Tolgoi copper and gold mine.According to the Dutch Centre for Research on Multinational Corporations (SOMO), Rio and its Canadian subsidiary Turquoise...Read More
Rodger Sargent from Blockchain Worldwide PLC (LON:BLOC) talks Proactive's Andrew Scott through their name change from Stapleton Capital PLC and their new investment strategy.Sargent says they've been reviewing a number of exciting blockchain opportunities and reckon the underlying technology has the potential to disrupt many industries around the world. Meet Reward Minerals Ltd, Recce Ltd, R...Read More
Mr. John Burzynski reportsOSISKO INTERSECTS 16.1 G/T AU OVER 8.3 METRES AT GARRISONOsisko Mining Inc. has released new results from the 2017 drill program at its 100-per-cent-owned Garrison gold project located in Garrison township, Ontario. Over 80,000 metres of new drilling have been conducted by Osisko on the Garrison project since its acquisition in late 2015. A total of 28 new intercepts in n...Read More
Mr. Darin Wagner reportsBALMORAL COMMENCES INITIAL EXPLORATION PROGRAM ON HWY 810 PROPERTY, QUEBECBalmoral Resources Ltd. has commenced its first exploration program on the Hwy 810 property in Quebec. The wholly owned Hwy 810 property was acquired by Balmoral through staking in 2016/2017. The property covers over 250 square kilometres and is centred 15 kilometres northeast of Hecla Mining's multim...Read More
Bart Turtelboom, chief executive of APQ Global (LON:APQ) tells Proactive the upcoming Presidential election in Brazil is shaping up to be one of the critical events for emerging markets in 2018.''It really is too early to call how the field is shaping up, we'll only know that in July but the local Trump-like candidate is running again as well as a bunch of centre-right candidates so I think we'll...Read More
Mr. Jeff Chisholm reportsPAN ORIENT ANNOUNCES 2017 YEAR-END THAILAND RESERVES UPDATEPan Orient Energy Corp., on behalf of Pan Orient Energy (Siam) Ltd. (POS), has released the results of its Dec. 31, 2017, independent reserves evaluation for Thailand on-shore concession L53/48 where POS is the operator and has a 100-per-cent working interest.Pan Orient has a 50.01-per-cent equity interest in POS,...Read More
New resource estimate now in progress based on outstanding 2017 drill resultsSubstantial resource additions of higher grade gold and copper expectedTORONTO, Jan.31, 2018(GLOBE NEWSWIRE) --Seabridge Gold (TSX:SEA) (NYSE:SA) today released a complete summary of its 2017 drill program on the Iron Cap Deposit at its 100%-owned KSM Project in northwestern British Columbia, Canada (see table below). An...Read More
Egypt-focused gold miner Centamin (TSX:CEE) (LON:CEY) delivered good news to its shareholders on Wednesdays, announcing it would pay a final dividend of 10 US cents per share, or a total of $144 million, as it vowed to return all of its excess cash to investors.The payment, on top of 2.5 cents given at the half-year, follows an $111 million compensation to Egypt in 2017, the first year of Centami...Read More
Egypt-focused gold miner Centamin (TSX:CEE) (LON:CEY) delivered good news to its shareholders on Wednesdays, announcing it would pay a final dividend of 10 US cents per share, or a total of $144 million, as it vowed to return all of its excess cash to investors.The payment, on top of 2.5 cents given at the half-year, follows an $111 million compensation to Egypt in 2017, the first year of Centami...Read More
To thrive in the mining industry's historical boom and bust cycle and capitalize on new opportunities, companies must rethink the traditional mining model. (Image: PlusONE| Shutterstock.)In the last 10 years, the mining industry has been on a roller-coaster, with commodity prices reaching both historic highs and lows, as well as operational realities shifting irrevocably in the face of a digital...Read More