Kinross Gold (TSX: K; NYSE: KGC) has reached an in-principle deal with the government of Mauritania, which the company says will better balance the interests of both parties in the Tasiast gold mine.Under the terms of the agreement, Mauritania would provide Kinross with a 30-year exploitation licence for Tasiast Sud, granted with expedited permitting and the possibility of early mining.It could al...Read More
The global Top 40 mining companies are so far weathering the Covid-19 storm mostly unscathed, but the longer-term impacts remain uncertain and ongoing disruption is likely, according to PwC's Mine 2020 report.The International Monetary Fund (IMF) predicts a 3% contraction in the global economy for 2020, but sees the mining sector in good condition on the back of a solid financial performance in 20...Read More
The S&P/TSX Venture Composite Index fell by 0.36% to finish the June 8-12 trading week at 554.91, with gold finishing the week at US$1,730.50 per oz., a rise of US$46.50 per oz. from the previous week.Shares of Artemis Gold jumped 75% to $3.09 following news of its plans to purchase New Gold's Blackwater gold project for $190 million in cash. Under the agreement, Artemis will pay New Gold an initi...Read More
Rupert Resources on a Roll at IkkariSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesBoth Glencore and Adani have their own reasons for maintaining an interest in coal despite a worldwide campaign to sideline the material and...Read More
Hot on the heels of yet another press release that they will be buying corporate bonds, US equity markets all spiked into the green for the day.Read full newsRead More
Defence Metals Corporation pilot floatation plant on the TSX.V under ticker DEFNRead full newsRead More
The case for owning gold stocks has never been stronger.Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Signature Resources Ltd. is pleased to announce the commissioningRead full newsRead More
Nexus Gold Corp. is pleased to report in anticipation of its upcoRead full newsRead More
Rokmaster Resources Corp. wishes to announce that it has closed tRead full newsRead More
Aerial view of Diavik diamond mine. (Image courtesy of Dominion Diamond.) Canada's Dominion Diamond Mines is suing Rio Tinto's subsidiary DDMI, its associate in the iconic Diavik mine, for alleged breach of contract and acting against the best interests of the partnership.The lawsuit, filed on Tuesday in the Supreme Court of British Columbia, Canada, alleges that Diavik Diamond Mines, which owns...Read More
The law of unintended consequences is - as far as laws go - a pretty interesting one.It's been used by famous philosophers and economists, from Adam Smith's "invisible hand" to John Locke's interest rate experiments, to explain away the problem of trying to predict things.It boils down to this: the actions of people and governments always have effects that are unanticipated or unintended. Viruses,...Read More
East Cadillac gold project in Quebec. Credit: Chalice Gold.Probe Metals has identified three new gold zones in drilling at the Cadillac Break East project, near Val-d'Or, Quebec, where the junior is earning up to a 70% stake from O3 Mining.One hole, located 2 km southeast of the Sleepy deposit at the project, hit 4.2 metres of 4.2 g/t gold starting at 315 metres downhole.The company also made t...Read More
Pine Point lead-zinc project. Image courtesy of Osisko Metals A preliminary economic assessment (PEA) for Osisko Metals' wholly owned Pine Point project in the Northwest Territories outlines an 11,250 t/d open-pit and underground operation, mining 47 small open pits and eight high-grade shallow underground deposits.The proposed 10-year mine would produce an average of 327 million lb. of zinc...Read More
Image by Tina Koehler from Pixabay. Equator Principles 4 (EP4), an environmental and social risk management framework adopted by financial institutions, comes into effect October 1. Norton Rose Fulbright, sole legal counsel to the Equator Principles Association for the review of the new version, is offering a webinar to provide insight on ESG and the new EP4 requirements in the areas of human rig...Read More
The Canadian company is Colombia's largest underground gold and silver producer. (Image courtesy of Gran Colombia Gold.) Gran Colombia Gold (TSX: GCM) announced on Tuesday that it produced a total of 18,129 ounces of gold in May, about 98% of gold production in the same month last year. The largest underground gold and silver producer in Colombia reported total gold production for the first five...Read More
Weekly Reports |Jun 16 2020While last week was another of little activity in uranium markets, attention turned to progress on global decarbonisation and nuclear power's role therein.-No virus impact on reactors-Nuclear build plans slowing-US electricity could be 90% carbon-free by 2035By Greg PeelWhile the effects of the pandemic on global energy demand are still being measured and forecasted, no...Read More
Here are five Fastmarkets stories you might have missed on Tuesday June 16 that are worth another look.Swedish stainless steel producer Sandvik is to cut 429 jobs from its Sandvik Materials Technology division later this year because of the negative impact on business of the Covid-19 pandemicFerrous scrap prices have ticked up slightly in Mexico, although overall steel production and industrial ac...Read More
The unveiling of the US Federal Reserve's corporate bond purchase program late in the European trading day on Monday June 15 revived investor confidence in commodities on Tuesday, boosting LME three-month base metals prices. Donald Trump's administration is currently considering a potential infrastructure bill valued at nearly $1 trillion, fueling risk-on sentiment across the LME base metals compl...Read More