Americas Silver (TSX: USA; NYSE: USAS) expects to start producing gold before year-end at its fully funded Relief Canyon project in Nevada, 153 km northeast of Reno.The mine will produce about 91,000 oz. gold per year over a 5.6 year mine life at all-in sustaining costs (AISCs) of US$801 per ounce.Americas Silver picked up the project - which includes three historic open-pit mines and a fully perm...Read More
Six months after delivering a positive feasibility study for its Madsen gold project in Red Lake, Ont., Pure Gold Mining has landed a US$90-million financing to bring it into production.The junior is targeting the end of 2020 for the first gold pour at the high-grade, past-producing underground project.The financing, which consists of a US$65-million loan and US$25-million callable gold stream, is...Read More
* Nickel price rose to 16-mth high on talk of earlier export banRead full newsRead More
Shares of HudBay Minerals (TSX: HBM; NYSE: HBM) plunged 21.4% after a ruling by the U.S. District Court for the District of Arizona halted construction at the company's Rosemont copper-molybdenum project in the state.The court challenged the U.S. Forest Service's issuance of a Final Record of Decision (FROD) on the project and ruled to vacate and remand the FROD. The U.S. Forest Service issued the...Read More
The company said last week it deeply regretted to report "that an incident involving local police and unauthorised artisanal miners within the Rosebel concession has resulted in the death of an unauthorised miner".It said its emergency response team was activated, appropriate authorities had been notified and an investigation into the incident had begun."To ensure the security of our workforce, we...Read More
Investing.com - Gold prices rose on Tuesday in Asia ahead of an expected rate cut by the U.S. Federal Reserve.Gold futures for August delivery on the Comex division of the New York Mercantile Exchange rose 0.3% to $1,424.30 by 12:45 AM ET (04:45 GMT).Markets widely expect the Fed to cut rates by at least 25 basis points this week. Some traders previously speculated the central bank to slash rates...Read More
It was the turn of the silver metals to shine this week as nickel, silver and palladium all made gains while gold dipped from recent high points. With a report from Wood Mackenzie speculating that battery raw materials could face a supply crunch by the mid 2020s, and Roskill offering a view that “despite the current hype, nickel prices remain well below recent highs”, the meta...Read More
The annual tour of mining camps in the Yukon sponsored by the Yukon Mining Alliance (75%) and the Government of Yukon (25%) never fails to impress, and this year's trip in mid-July was no exception. From visits to family-run placer mining camps in and around Dawson City to daily flights on Alkan Air's nine-seat Cessna Caravans headed to far-flung exploration camps and mine development projects - t...Read More
Australian mining engineer Palmer was Newmont's COO and promoted to the dual roles of president and COO last year.In February, former Rio Tinto executive Rob Atkinson was announced COO, effective June 1, freeing up Palmer to take on the CEO role when Gary Goldberg retired in the fourth quarter.Newmont said Goldberg would serve as executive advisor to support Palmer and the executive leadership tea...Read More
Silver popped nicely, rallying nearly 7.5 % from low to high over the past two weeks, beating gold's 4.8% gain.The gold/silver ratio has dropped a little more than 6 full points in the past week, falling from a high just north of 93 ounces of silver to purchase one ounce of gold, to just under 87.In last week's blog we identified $16.20 per ounce as a key level for silver. That level was t...Read More
The electrification of transport is transforming the demand and supply of battery raw materials. We expect to see double-digit growth for battery raw materials over the next decade. Our latest research suggests they could face a supply crunch by the mid-2020s.Read full newsRead More
"Roskill: "Despite the current hype, #nickel prices remain well below recent highs, and still have a long way to go to reach required incentive price levels." https://t.co/fzDtGvcHjJ"Read full newsRead More
Pure Gold Mining (TSX-V: PGM and LSE: PUR), the company focused on advancing the Madsen Red Lake Gold Project to become Canada’s next major gold mine, received a huge endorsement in the eyes of investors this week, as mining money guru Eric Sprott poured his millions into the gold developer alongside key, strategic cornerstone investors; AngloGold Ashanti, the third largest gold minin...Read More
This is my final editorial for The Northern Miner, as I will soon depart to join gold miner Agnico Eagle Mines as a senior geologist in their Toronto head office, working on technical writing.After almost 23 years at the Miner, including the past 14 years as editor-in-chief, I've been overwhelmed by the hundreds of well-wishes coming in from around the world after my departure was announced, repre...Read More
LONDON - Nickel prices touched their highest in four months on Friday on worries that major producer Indonesia will resume an export ban on ore in 2022.Indonesia relaxed the ban in 2017, but ...Read full newsRead More
In May 2019, 57% more nickel metal equivalent (NME) was deployed globally in batteries of new passenger EVs than the same month the year prior, according to Adamas Intelligence's latest "EV Battery Nickel Monthly" report. Over the same period, the amount of NME used in li-ion batteries (primarily in the...Read full newsRead More
Tsingshan and other firms investing in an electric vehicle battery chemical plan...Read full newsRead More
"Golden Predator Announces $6 Million Private Placement; Eric Sprott to Purchase 5 Million Shares @GPY_3Aces https://t.co/cEgViJuR8T"Read full newsRead More
Donald and Xi have confirmed their true and everlasting friendship now. Trade wars are over, it’s all rainbows and unicorns - and investors do not need safe havens anymore. Right? The celebratory mood feels great but let’s find out what the trade truce really means for the gold market.Ufff, They Announce Trade Truce The G20 meeting in Osaka, Japan, is behind us. Did I write “G20&...Read More
Great Bear Closes C$10.9 Million Over-Subscribed Bought Deal Private Placement.Read full newsRead More