Dewatering has begun at the Wingdam underground placer gold project in the Cariboo Mining District in British Columbia. Owner Omineca Mining and Metals (TSXV: OMM) aims to use a ground freezing technology to recover alluvial gold underneath a creek.The company recently installed a second temporary grout plug to limit water flow from old workings and improve the speed of dewatering.Work has also be...Read More
Canada's Seabridge Gold (TSX: SEA; NYSE: SA) announced it had successfully raised $115.7 million, more than enough to fund the acquisition of Pretivm Resources' (NYSE: PVG) Snowfield property in northwest British Columbia."Proceeds from the financing will pay the entire $100 million upfront cash payment payable in respect of the acquisition of the Snowfield property, the expenses related to the...Read More
Sierra Metals (TSX:SMT; BVL:SMT; NYSE American:SMTS) has announced the results of the preliminary economic assessment (PEA) for expansion of its Cusi underground silver-lead mine in Mexico's Chihuahua state.At 1,200 tonnes per day, Cusi is Sierra's smallest operation. The PEA studies a doubling of capacity to 2,400 t/d. The incremental expansion carries a net after-tax cash flow of US$132 million....Read More
For 20 years, analyst Jon Hykawy has been looking at the global critical materials markets and providing advice to companies about the sector. The president of Toronto-based Stormcrow Capital spoke to The Northern Miner about what he thinks the new year will hold for this part of the mining industry.The Northern Miner: What do you think the critical materials markets are generally going to be like...Read More
Environmental, Social and Governance (ESG) is now a key part of investment decisions in the private capital markets, sustainability consulting firm ERM concluded in a recent report.ERM surveyed 54 private equity investment professionals from around the world about how ESG impacts their decision making when choosing companies in which to invest.The results of the poll underscore the important and g...Read More
With the ECB expected to expand its ?,?1.35tn emergency asset purchase program by (at least) another ?,?500bn, investors are increasingly relaxed about holding peripheral bonds despite the explosion in debt levels driven by the pandemicRead full newsRead More
Erdene Resource Development Corp. is pleased to announce the acquRead full newsRead More
Bravada Gold Corporation announces that drilling is underway at tRead full newsRead More
Precipitate Gold Corp. wishes to confirm that it is not aware ofRead full newsRead More
Japan Gold Corp. is pleased to provide a progress report on the BRead full newsRead More
K9 Gold Corp. is pleased to announce approval has been granted byRead full newsRead More
Vancouver, British Columbia TheNewswire - December 10 2020 - CachRead full newsRead More
It's one thing to have the technology. It's another to have the infrastructure.We've covered the explosive growth of hydrogen fuel cell technologies and the rapid deployment of test programs across a wide range of vehicles.From cars and trucks to railroads on land. From ships of all sizes - civilian and military - to the world's first hydrogen-fueled flight.An entire prototype city center is even...Read More
Dec 11, 2020 Guest(s): Anna Golubova Social Media Reporter Gold is in recovery mode, but is this a start of another bull run or just a reaction to an oversold drop in November? This is exactly what Kitco News asked the analysts this week and the optimists prevailed.Just a bit of background here, gold rose back above $1,800 an ounce in December and even attempted to hit a key level of $1,850 seve...Read More
Dec 10, 2020 Guest(s): Thomas Kaplan CEO, Electrum Group Silver may be Thomas Kaplan's first love as he sees the potential for the precious metal to eventually push to $100 dollars; however, he is also not giving up on gold as he sees the yellow metal in the third-wave of a secular bull market that will take it "way past new highs."He noted that gold was in a strong uptrend well before the COVID...Read More
When it comes to looking back on 2020 most people will be glad to see this year in a rear view mirror. What started off like normal didn't last too long when the world found out about the covid virus. Society around the world came to a stand still. Business's closed down and millions of workers were displaced and in fact millions still are. On the news there was and still is tons of chatter about...Read More
Aluminium primary foundry alloy (PFA) premiums in Europe rose for a fifth consecutive month on Friday December 11 due to stronger demand, while the premium in the United States was steady despite stronger demand in that market as well.EuropeDemand in Eastern Europe continues to improve along with primary aluminium premiums.But the move was capped by low liquidity, with participants focusing on lon...Read More
Zinc showed the biggest fall in its three-month price on the London Metals Exchange at the 5pm close on Friday December 11, with other base metals ending the week around established highs after days of rallying to new year-to-date peaks.The LME base-metals complex was boosted during the week by positive sentiment, driven by an expectation that the Food & Drug Administration (FDA) in the United Sta...Read More
Key data from Fastmarkets' pricing session in Europe on Friday December 11. Key drivers: European sellers reported strong export demand to Asia as the key tailwind for higher offers for 226 ingots, with some indicating that Asian buyers are increasing offers by ?,?100 ($121) per day. Aluminium scrap prices have increased amid tightening supply after many cargoes were delayed due to a s...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday December 11.China Domestic spot prices hit a two-year peak amid looming concerns over supply tightness after Zhongwei city ordered ferro-alloys refineries to shut down to tackle pollution during winter period.The futures market responded sharply to the news of winter production cuts, with the most-t...Read More