Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Avino Silver & Gold looks to triple production by adding assetsSPONSOREDavino silver & gold mines ltd Rex Minerals nearing investment decision on Hillside copper-gold projectSPONSOREDrex mineralsSouthern Silver excited by high-grade prospects at Cerro Las Manitas SPONSOREDsouthern silver exploration corp.Video Series: Mining Journal speaks with Dr Michelle Michot Foss SPONSOREDsaudi minist...Read More
Lundin will pay JX an initial $800 million with $150 million in deferred cash payments over six years. This includes $50 million in five $10 million annual instalments and $100 million in 2029.Read More
Video Series: Mining Journal speaks with Dr Michelle Michot Foss SPONSOREDsaudi ministry of industry and mineral resourcesSouthern Silver excited by high-grade prospects at Cerro Las Manitas SPONSOREDsouthern silver exploration corp.Rex Minerals nearing investment decision on Hillside copper-gold projectSPONSOREDrex mineralsAvino Silver & Gold looks to triple production by adding assetsSPONSOR...Read More
"Our focus during the summer of 2023 will be to inspect and prepare the existing mining infrastructure in the Mountain Block in order to commence mining in early 2024," chief executive EldurRead More
Video Series: Mining Journal speaks with Dr Michelle Michot Foss SPONSOREDsaudi ministry of industry and mineral resourcesSouthern Silver excited by high-grade prospects at Cerro Las Manitas SPONSOREDsouthern silver exploration corp.Rex Minerals nearing investment decision on Hillside copper-gold projectSPONSOREDrex mineralsAvino Silver & Gold looks to triple production by adding assetsSPONSOR...Read More
(IDEX Online) - The government of Botswana is buying a 24 per cent stake in the Belgian manufacturer HB Antwerp, as its long-term deal with De Beers increasingly appears to be in jeopardy.The move heralded "the dawn of a new era for the diamond industry in Botswana," said the country's President Mokgweetsi Masisi.As part of the deal Okavango, the state-owned diamond company, is also entering...Read More
(IDEX Online) - Four gang members have been jailed for at least seven years each after they were caught red-handed in an armed raiders on a Jared jewelry store in Glendale, Arizona, USA.They zip-tied several employees and customers and stole their personal possessions, as well as merchandise from the store, with a total value of $1.5m.Police arrested the four men after a woman dialled 911 during t...Read More
(IDEX Online) - Brazil's former President Jair Bolsonaro has become embroiled in a second jewelry scandal.He's been forced to hand over precious gems he received during his three years in office.Earlier this month authorities launched an investigation into claims he failed to declare diamond jewelry valued at $3.2m that was seized at at Sao Paulo international airport in 2021.The it...Read More
(IDEX Online) - Gemfields, the London-based colored gems miner, reported record earnings for 2022, thanks to a post-Covid spike in demand for emeralds and rubies.High demand drove up prices, especially in first half of the year, which resulted in a 32 per cent increase in revenue, to a record high of $341m.But the miner, which owns 75 per cent of the Montepuez ruby mine in Mozambique and the Kagem...Read More
Avino Silver & Gold looks to triple production by adding assetsSPONSOREDavino silver & gold mines ltd Rex Minerals nearing investment decision on Hillside copper-gold projectSPONSOREDrex mineralsSouthern Silver excited by high-grade prospects at Cerro Las Manitas SPONSOREDsouthern silver exploration corp.Video Series: Mining Journal speaks with Dr Michelle Michot Foss SPONSOREDsaudi minist...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:30 AM EDT. Occidental Petroleum added $0.80 to $60.45 after Berkshire Hathaway confirmed an increased ownership to 23.5% of outstanding shares. Wallgreens Boots gained $0.85 to$33.79 after reporting higher than consensus fiscal second quarter revenues and earnings.Ciena advanced $1.57 to $50.18 after Ray...Read More
I've written at length about how Ukraine is badly losing its war with Russia.The U.S. and U.K. media have been a continuous source of misinformation and lies on this topic, so it's not surprising that most Americans believe that Russia is losing badly.But it simply isn’t true.Over 200,000 dead Ukrainian soldiers speak as if from the grave about how badly Ukraine is losing. They've lost much...Read More
The first quarter is almost in the books - and it looks nothing like the Great Tech Reset that shoved the stock market off a cliff in 2022.Bitcoin has exploded higher, posting new 9-month highs after breaking out above $25K.The Nasdaq 100 - the biggest, baddest tech names on the market - just hit new 7-month highs as household names such as Microsoft (MSFT) and Meta Platforms (META) continue to bu...Read More
It can be easy to take a partnership between Canada and the United States as a given," U.S. President Joe Biden told the House of Commons on Mar. 24 on his first official visit to Canada. While he meant this as a positive and went on to describe the peaceful and prosperous relationship is a "marvel," Canada has been reminded several times in recent years that it can't - and shouldn't - expect th...Read More
Ottawa plans to spend $21 billion over five years on clean technology in one of the main platforms affecting the mining industry contained in Tuesday's annual federal budget.Finance Minister Chrystia Freeland said the amount, including a 30% investment tax credit to boost clean-tech manufacturing, especially in the electric vehicle (EV) supply chain, could expand to $80 billion by 2034. "We are g...Read More
This week's episode features Northern Miner Group president Anthony Vaccaro in conversation with host Adrian Pocobelli on this year's PDAC conference, geopolitics and precious metals. Anthony explains why government is better off funding processing facilities over mines, how China and supply chains are at the centre of the mining conversation, and why precious metals remain an attractive investmen...Read More
The Northern Miner senior staff reporter Colin McClelland talks to Seabridge Gold's chairman and CEO Rudi Fronk during the recent PDAC convention in Toronto about the development strategies the company is investigating for the giant KSM project in British Columbia, including the nearby Iskut property. Fronk says there are only seven gold companies currently capable of originating an adequate offer...Read More
Northern Miner Senior Staff Reporter Colin McClelland talks to American Pacific Mining CEO Warwick Smith during the recent PDAC convention in Toronto about the company's pipeline of exploration projects in the United States and its joint ventures with senior miners, including Rio Tinto. Smith says growth by the drill bit via JV partnerships is good for the company, but there's potential for growth...Read More
Cameco (TSX: CCO; NYSE: CCJ) has won $300 million back from Canada's taxman in a dispute lasting two decades, but it says the full figure should be more than three quarters of a billion dollars. Canada's largest uranium miner says it's due to receive $89 million in cash and $211 million in letters of credit after reassessments by Canada Revenue Agency concerning tax filings for 2007 through 201...Read More
Three times isn't a charm for top lithium producer Albemarle (NYSE: ALB) as Australia's Liontown Resources (ASX: LTR) has rejected its latest offer valuing the lithium developer at A$5.5 billion (US$3.7 billion).The news sent its Sydney-listed shares soaring 68.5% to a fresh 12-month high of A$2.57 by market close.Liontown disclosed in an exchange filing that Albemarle had offered A$2.50 per share...Read More