Osisko Metals (TSXV:OM) has reported assays for the first four holes drilled as part of an infill and hydrogeological program at the past-producing Pine Point zinc-lead project in the Northwest Territories, 60 km from Hay River. These drillholes targeted the R190 deposit in the West zone at Pine Point, which hosts higher-grade vertical prismatic deposits.Three of the holes were infill and the four...Read More
Rio Tinto (NYSE: RIO; LSE: RIO) is investing $2.9 million in a new plant at its Kennecott copper mine in Utah to recover tellurium, a critical mineral used to make solar panels.The plant will recover tellurium from waste already being produced as a result of the copper smelting process. It will have capacity to produce roughly 20 tonnes of tellurium per year, with production beginning in the fourt...Read More
One of the key themes that emerged from the 30th BMO Global Metals & Mining conference last week was the desire among many gold and base metal companies to increase their exposure to copper. The investment bank's fireside chats with CEOs and presentations were not open to the media, but according to highlights BMO released each day, the outlook for copper and its importance to the green energy tra...Read More
This past year has been a "challenging but exciting time" for Bluestone Resources (TSXV: BSR; US-OTC; BBSRF), says the company's CEO Jack Lundin, as the Canadian junior progressed its Cerro Blanco gold project in southeast Guatemala, about 160 km southeast of Guatemala City.Appointed just over a year ago, Lundin said that initially "it felt like drinking through a fire hose" given the abundance...Read More
Sibanye-Stillwater (NYSE: SBGL) said today that South Africa's top gold miners should merge and create a rival to the world's largest producers, Newmont (TSX: NGT; NYSE: NEM) and Barrick Gold (TSX: ABX; NYSE: GOLD), or risk being acquiCEO Neal Froneman said he believed that combining his company with Gold Fields (NYSE: GFI) and AngloGold Ashanti (NYSE: AU) would be in South Africa's national inter...Read More
The Dow Jones Industrial Average rose 1.82% to 31,496.30 and the S&P 500 gained 0.81% to finish the trading week at 3,841.94. Spot gold dropped US$35.50 per oz. to US$1,700.10.Gold Fields rose 14.4% to US$9.37. The company announced that the National Energy Regulator of South Africa had approved its electricity generation licence, which will allow Gold Fields to build a 40 megawatt solar power pla...Read More