Since 2013, Candente Gold (TSXV:CDG) has been engaged with an agreement to reprocess the tailings deposit derived from the Mexico mine, which is part of the San Rafael Vein in the El Oro District, where the company has earned an undivided 100% interest from Goldcorp S.A. de C.V.El Oro is located in the state of Mexico in central Mexico.In a press release, Candente said that the agreement has to be...Read More
Since 2013, Candente Gold (TSXV:CDG) has been engaged with an agreement to reprocess the tailings deposit derived from the Mexico mine, which is part of the San Rafael Vein in the El Oro District, where the company has earned an undivided 100% interest from Goldcorp S.A. de C.V.El Oro is located in the state of Mexico in central Mexico.In a press release, Candente said that the agreement has to be...Read More
Canada's Avalon Advanced Materials (TSX: AVL) and Australia's Cheetah Resources announced this week that they have joined forces to work on the development of the rare earth resources on the Nechalacho project near Yellowknife, in Canada's Northwest Territories.In order to move forward with such a plan, the companies signed a binding Terms Sheet under which Cheetah will acquire ownership of the ne...Read More
Canada's First Vanadium (TSX-V: FVAN) is extending its Nevada-based Carlin project, considered the largest, highest grade primary vanadium deposit in North America, by acquiring the southern extension of the asset.The strategic move, announced Thursday, gives the company mineral rights to an additional 200-metre strike length of Carlin.Strategic move gives the company mineral rights to an additi...Read More
Shares in Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) jumped 12.6% in pre-market trading in New York on Thursday on the news that it will resume mining and heap leaching at its K????lada?? gold mine in Turkey.The Vancouver-based miner noted it would halt a previously announced $520 million-project to build a mill on site. The facility would have made K????lada?? a nine-year, 270,000-ounce-per-an...Read More
Ecuador-focused explorer SolGold (LON, TSX:SOLG) revealed Thursday plans to acquire Cornerstone Capital Resources (TSX-V:CGP), a Canadian firm which has a 15% interest in the miner's coveted Cascabel copper-gold project, located 180 km north of the capital Quito.The takeover would see Cornerstone's investors receive 0.55 SolGold shares for each their shares, which SolGold said was a 20% premium.I...Read More
Vancouver, BC - Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron"), is pleased to announce the completion of the sale of an end-to-end cannabis extraction and processing facility to Cannaworld Ventures Inc. ("Cannaworld Ventures").Cannaworld Ventures provides strategic investments in the cannabis industry focusing primarily on opportunities in the cannabis processing sector. C...Read More
"The Gruyere gold asset, a joint venture (JV) between Gold Road Resources (ASX:GOR) and Gruyere Mining Company, a subsidiary of Gold Fields (NYSE:GFI), has produced its first ore on time. https://t.co/owxU45ET7B @_GoldRoad @GoldFields_LTD #mining #gold #"Read full newsRead More
This helped offset a decline in the retail investment and jewellery segments, according to the GFMS Gold Survey released on Wednesday.Read More
Solgold CEO, Nick MatherSolGold [SOLG-TSX, LSE] said Thursday it is planning to make an offer to acquire all the outstanding shares of Cornerstone Capital Resources Inc. [CGP-TSX, CTNXF-OTC, GWN-F].If the offer succeeds, holders of Cornerstone who tender their shares to the offer will receive 0.55 of a SolGold share in exchange for every Cornerstone share tendered, SolGold said.However, readers of...Read More
Diamond drilling on the Moosehead gold project in central Newfoundland. Source: Sokoman Iron Corp.Sokoman Iron Corp. [SIC-TSXV] emerged as the volume leader on the TSX Venture Exchange Thursday after the company released final assays from phase two drilling on the Moosehead Gold Project in north-central Newfoundland.However, investors reacted to those results by sending the shares down 38% or $0.0...Read More
Choco 10 MineRusoro Mining Ltd. [RML-TSXV] shares tumbled in heavy trading Wednesday following news of an unfavourable court decision related to a US$1.2 billion arbitration award that followed the expropriation of mining properties in Venezuela.Rusoro said the Paris Court of Appeals, in a decision dated January 29, 2019, has partially annulled the arbitral award issued in favour of the company in...Read More
Vale SA, the world’s largest iron ore miner, has vowed to sacrifice production for safety to avoid another tailings dam failure. (Image: Screenshot from BBC News video.)Analysts have begun to weigh the consequences of a deadly tailings dam breach at a Brazilian mine operated by Vale SA [VALE-NYSE], the world's largest producer of iron ore and nickel.The Brumadinho dam breach, which occurred...Read More
They say it'll generate $3.1 billion a year in sales.I think it'll be more.According to the comptroller of New York, cannabis sales in the Empire State will exceed $3 billion a year after the legalization of recreational cannabis.And if you haven't been paying attention, New York is on the cusp of legalization.During his inaugural address, Governor Andrew Cuomo pledged to legalize cannabis. He eve...Read More
Golden Rim Resources Limited (ASX: GMR), is an emerging West African gold developer, focused on its near term Kouri Gold Project, located in north-east Burkina Faso. The Kouri Gold Project contains 1.4Moz in defined Mineral Resources, with significant upside potential to grow. We learned from Craig Mackay, Managing Director of Golden Rim Resources, that they are in the process of acquiring more la...Read More
Lumina Gold (TSXV: LUM; US-OTC: LMGDF) has announced new drill results from the Gran Bestia zone at its Cagrejos gold project in Ecuador that, along with drilling by the property's previous owner, confirm a second deposit that could substantially increase the project's scale."It's early days here right now, but we're pretty optimistic about what we're seeing so far mineralization-wise," Lumina pre...Read More
Potential liabilities from the collapse of a tailings dam at Vale's Feijao iron ore mine in Brazil that has left at least 99 people dead and another 250 people missing has resulted in Moody's Investors Service placing the company's senior unsecured ratings on review for downgrade, along with the ratings on debt issues of Vale Overseas Ltd. and the senior unsecured ratings of Vale Canada Ltd."Altho...Read More
RCR called in administrators in November last year after its lenders refused the company more money to service contracts. It collapsed owing creditors more than $500 million.NRW doubled its revenue in FY18 to more than $750 million, and posted a net profit of $42 million (up nearly 50% year-on-year), on the back of its successful acquisition of Queensland mining and civil contractor Golding in Sep...Read More
After a two-year survey involving over 1,000 people, it was agreed the total mining area compensation payable was US$2 million, with Walkabout having negotiated for a staged payout over six months.The market was pleased with the news, with Walkabout's shares rising 4.17% Thursday to A10c (US7.27c).The company noted compensation costs were more than estimated in the definitive feasibility study, du...Read More
This episode features an in-depth interview with Andrew Swart of accounting and management consulting giant Deloitte on the topic of major trends that miners need to keep an eye on in 2019.Andrew SwartBased in Toronto, Andrew is Deloitte's Canadian Leader for Mining & Metals, and its Global Consulting Leader for Mining & Metals.Andrew emphasizes the need for miners to improve strategies regarding...Read More