The first phase of drilling at Palladium One Mining's (TSXV: PDM; US-OTC: NKORF) wholly owned Lantinen Koillismaa (LK) project in north-central Finland has returned long mineralized intervals, starting at shallow depths. The latest results are from the Murtolampi zone, 2.5 km north of the Kaukua deposit at LK.Drill highlights from the nine holes reported include 87 metres of 1.43 grams per tonne p...Read More
Golden Minerals (TSX: AUMN; NYSE: AUMN) has released a second set of assays results from its Rodeo gold-silver project, 80 km west of its Velardena project in Mexico's Durango state.Highlights include 25 metres grading 6.66 grams gold per tonne and 13.9 grams silver per tonne starting at a depth of 8 metres in drill hole 20-012.Other notable assays include 21 metres grading 2.85 grams gold and 10....Read More
Skeena Resources (TSX: SKE; US-OTC: SKREF) plans to drill a combined 89,000 metres of exploration and infill drilling before the end of the year at its Eskay Creek gold-silver project in British Columbia's Golden Triangle and has completed 46 holes covering 24,000 metres since it restarted the drill program in July."In September we intend to add two more drill rigs, which will bring our rig count...Read More
DeepGreen Metals has formed partnerships with scientific research institutions and universities on its deep-sea discovery program to characterize the potential impacts of lifting polymetallic nodules from the bottom of the Clarion Clipperton Zone (CCZ) of the Pacific Ocean.In April, the Canadian start-up, which plans to extract cobalt and other battery metals from the seafloor, added a new area to...Read More
South Africa's mines ministry has approved the sale of AngloGold Ashanti's (NYSE: AU; JSE: ANG) last remaining assets in the country to Harmony Gold (NYSE: HMY), on condition that it does not delist from the Johannesburg Stock Exchange.AngloGold announced the US$300 million sale earlier this year. The portfolio included Mponeng, the world's deepest gold mine and the company's last underground oper...Read More
FireFox Gold Corp. is pleased to provide an update on its 2020 suRead full newsRead More
Best Result of 5.0 metres core length (estimated 2.5 metres true width) grading 353g/t Ag and 7.98g/t Au from 174m in LV20-245.Read full newsRead More
SKRR Exploration Inc. (TSXV:SKRR) (Read full newsRead More
Nexus Gold Corp. (Read full newsRead More
The recent bullish run of gold came to a brief stop at the close of markets on Monday, August 24th. Gold prices edged lower and continued to consolidate. The correction comes ahead of US Presidential elections and amid improving US – China tensions. Dropping to fresh daily lows, around the $1915 region in the first hour of Wednesdays trading session, analysts believe a secondary break...Read More
While the pandemic’s impact on the economy is still uncertain, interest rates globally are expected to remain close to zero for the near future. Here in Canada, the country’s economy is in a recession, and the unemployment rate is close to record highs.In March 2020, interest rates in Canada fell to 0.25% to cushion the economy from the pandemic. Notably, the rates are expected to rema...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 27 that are worth another look.Domestic prices for hot-rolled coil in Northern Europe moved further up day on day on Thursday August 27, sources told Fastmarkets.Aluminium producers have begun their...Read More
Three-month prices for base metals on the London Metal Exchange were mostly flat at the close of trading on Thursday August 27, with investor sentiment jittery after US Federal Reserve chair Jerome Powell announced a greater focus on job security in Thursday's meeting, while tin futures performed best in high-volume trading.Powell highlighted targets for an average inflation rate of 2% over time,...Read More
Aluminium producers have begun their negotiations for the fourth-quarter Japan aluminium benchmark premium, and participants told Fastmarkets they expect premiums to rise, albeit marginally. The benchmark quarterly main Japanese ports (MJP) premium has fallen each quarter this year from $83 per tonne in the first quarter, to $82 per tonne in the second and $75-79 per tonne in the third quarte...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 27 that are worth another look.Domestic prices for hot-rolled coil in Northern Europe moved further up day on day on Thursday August 27, sources told Fastmarkets.Aluminium producers have begun their...Read More
AngloGold had announced the US$300 million sale, of its Mponeng mine and surface assets, to Harmony Gold Mining in February.Harmony, which celebrated its 70th birthday this week, is aiming to entrench its position as South Africa's largest gold producer.The transaction had been expected to close by June 30 but was slowed by the COVID-19 outbreak and was "down now to the DMRE [Department of Mineral...Read More
When Nick Popovic was formally announced in August as Glencore's new head of zinc and lead trading, the news came as little surprise to watchers of the company.A long-running senior executive in the division, with experience leading the key Kazzinc group of assets, the move to succeed Daniel Mate was seen by many as a natural fit."Nick's been in the company for many years, he's a good safe set of...Read More
Speaking on the drilling services and products company's H1 results call, CEO Jeff Olsen said arrangements with debt holders and cost savings across the company enabled Boart Longyear to generateRead More
BME said it had initiated 3,780 detonators in a single blast at a manganese mine near Hotazel in the Northern Cape.Area manager Kobus Boonzaaier said the latest record was once again achieved using the company's AXXIS GII electronic detonation system.The company said it had earlier achieved a world record blast of 7,401 electronic detonators in the main pit of the Kansanshi copper mine in Africa."...Read More
The association developed the accolade in 2017 in pursuit of responsible sourcing strategy options for copper, modelling it on the United Nations Sustainable Development Goals.After extensive stakeholder consultation, pilot assessment with 25 member companies, and standards refinement, the Copper Mark was launched in March. The Copper Mark is now an independent entity with a multi-stakeholder coun...Read More