Mining Articles

Auryn sampling outlines 3.5 km long target at Sombrero

2018-09-05 07:36 / Mr. Ivan Bebek reports

Mr. Ivan Bebek reportsAURYN IDENTIFIES 3.5 KILOMETRE DRILL TARGET AT SOMBRERO AND INITIATES PERMITTINGAuryn Resources Inc. has provided an update on its Sombrero copper-gold skarn project in southern Peru, where the company has conducted extensive surface exploration programs over the past three months. Auryn's technical team has defined a significant copper-gold skarn target, beneath volcanic cov...Read More

Western Australia union says it sees Alcoa alumina output hit by strike

Sep. 5, 2018, 7:27 AM / Reuters

MELBOURNE, Sept 5 (Reuters) - Alcoa's alumina production has likely been hit by a four-week strike at its Western Australian operations, the Australian Workers' Union said on Wednesday, raising the prospect of a widening supply deficit in the key aluminium-making ingredient.A spokeswoman said Alcoa had no additional comment on Wednesday, after it had said there has been no significant impact on ou...Read More

Orion's $230m takeover bid for Dalradian Okd

Sep. 5, 2018, 7:20 AM / Cecilia Jamasmie

Dual-listed Canadian miner Dalradian Resources (TSX:DNA) (LON:DALR), which is developing a large untapped gold deposit in a remote part of Northern Ireland, will be acquired by private equity group Orion Mine Finance after a Canadian court approved the deal on Tuesday.The acquisition, proposed two months ago and expected to close this week, values Dalradian at Cdn$537 million (roughly $230 milli...Read More

Orion's $230m takeover bid for Dalradian Okd

Sep. 5, 2018, 7:20 AM / Cecilia Jamasmie

Dual-listed Canadian miner Dalradian Resources (TSX:DNA) (LON:DALR), which is developing a large untapped gold deposit in a remote part of Northern Ireland, will be acquired by private equity group Orion Mine Finance after a Canadian court approved the deal on Tuesday.The acquisition, proposed two months ago and expected to close this week, values Dalradian at Cdn$537 million (roughly $230 milli...Read More

Equinox Gold drills 44 m of 1.25 g/t Au at Aurizona

2018-09-05 07:10 / Mr. Christian Milau reports

Mr. Christian Milau reportsEQUINOX GOLD ANNOUNCES POSITIVE DRILL RESULTS FROM TATAJUBA TARGET AT AURIZONAEquinox Gold Corp. has released positive exploration drill results from the Tatajuba target at the company's 100-per-cent-owned Aurizona gold mine in Brazil.Tatajuba is the western extension of the main Piaba trend that hosts Aurizona. Previous exploration work has defined a target more than fo...Read More

Telson\'s Campo has op earnings of $987,055 in 45 days

2018-09-05 06:51 / Mr. Ralph Shearing reports

Mr. Ralph Shearing reportsTELSON MINING CORPORATION CAMPO MORADO UPDATETelson Mining Corp. has provided a summary of its second quarter 2018 financial report.On Wednesday, Aug. 29, 2018, the company filed its condensed interim consolidated financial statements for the three and six months ended June 30, 2018, and 2017. The second quarter quarterly report presented financial information for April,...Read More

World's biggest miner speeds hunt for copper assets, buys stake in SolGold

Sep. 5, 2018, 5:05 AM / Cecilia Jamasmie

World's largest miner BHP (ASX, NYSE:BHP) (LON:BLT) has bought a 6.1% stake in Ecuador-focused explorer SolGold (LON:SOLG) (TSX:SOLG) for $35 million, increasing this way its exposure to copper as the Cascabel project is believed to have the potential to become one of the largest copper-gold assets ever discovered.The Melbourne, Australia-based giant has acquired 103.1 million shares in SolGold...Read More

World's biggest miner speeds hunt for copper assets, buys stake in SolGold

Sep. 5, 2018, 5:05 AM / Cecilia Jamasmie

World's largest miner BHP (ASX, NYSE:BHP) (LON:BLT) has bought a 6.1% stake in Ecuador-focused explorer SolGold (LON:SOLG) (TSX:SOLG) for $35 million, increasing this way its exposure to copper as the Cascabel project is believed to have the potential to become one of the largest copper-gold assets ever discovered.The Melbourne, Australia-based giant has acquired 103.1 million shares in SolGold...Read More

China's Zijin to buy Nevsun for $1.41bn after Lundin takeover rejected

Sep. 5, 2018, 2:58 AM / Cecilia Jamasmie

Canada's Nevsun Resources (TSX, NYSEMKT:NSU) has found a new suitor in China's state-backed Zijin Mining, which has offered Cdn$1.86 billion ($1.41 billion) for the gold and copper miner.Zijin's friendly takeover bid values each Nevsun share at Cdn$6, which will be paid in cash, representing a premium of about 21% to the Vancouver-based miner's close in Toronto on Tuesday.Zijin's friendly takeove...Read More

China's Zijin to buy Nevsun for $1.41bn after Lundin takeover rejected

Sep. 5, 2018, 2:58 AM / Cecilia Jamasmie

Canada's Nevsun Resources (TSX, NYSEMKT:NSU) has found a new suitor in China's state-backed Zijin Mining, which has offered Cdn$1.86 billion ($1.41 billion) for the gold and copper miner.Zijin's friendly takeover bid values each Nevsun share at Cdn$6, which will be paid in cash, representing a premium of about 21% to the Vancouver-based miner's close in Toronto on Tuesday.Zijin's friendly takeove...Read More

First Cobalt eliminates Iron Creek project royalty

Sep. 5, 2018, 1:34 AM / Michael Allan McCrae

First Cobalt acquired full ownership of its Idaho-based Iron Creek project and eliminated its royalty, the company announced yesterday.The Iron Creek project was previously under lease to First Cobalt. Under the terms of the lease, First Cobalt was required to make monthly payments and the leaseholder retained a 4% royalty over future production, both of which could be eliminated through a one-tim...Read More

First Cobalt eliminates Iron Creek project royalty

Sep. 5, 2018, 1:34 AM / Michael Allan McCrae

First Cobalt acquired full ownership of its Idaho-based Iron Creek project and eliminated its royalty, the company announced yesterday.The Iron Creek project was previously under lease to First Cobalt. Under the terms of the lease, First Cobalt was required to make monthly payments and the leaseholder retained a 4% royalty over future production, both of which could be eliminated through a one-tim...Read More

We've recently shown the Gold chart with the 2 most important trend lines (2011-2017 downtrend and 2015 uptrend.) A...

Wed Sep 05 00:52:19 2018 / Staff reporter

"We've recently shown the Gold chart with the 2 most important trend lines (2011-2017 downtrend and 2015 uptrend.) Add the intermediate term cycle. It often picks an important high or low. Odds favor a low - week of Sept 24th (plus or minus 2 weeks). Gold about to enter the window"Read full newsRead More

On Sunday we discussed a break near the trend line at 1200 would favor support at 1192. We spent Tuesday at 1192 a...

Wed Sep 05 00:44:36 2018 / Staff reporter

"On Sunday we discussed a break near the trend line at 1200 would favor support at 1192.We spent Tuesday at 1192 as Gold tries to find short term support.A break here finds 1187 & 1182 as last support before 1162-1172.Currency contagion lifting the USD.A Sept buy is coming"Read full newsRead More

Should You Buy, Hold, or Sell Cameco Corp. (TSX:CCO)?

September 5, 2018 / Demetris Afxentiou

An investment in Cameco (TSX:CCO)(NYSE:CCJ) involves both the best and worst parts of investing.On the one hand, the incredible grit that the company has shown in persevering over the incredible drop in uranium prices that has persisted for nearly a decade is admirable. While other competitors have fumbled and struggled to break even, it was only earlier this year that Cameco finally decided to...Read More

Why Are The Banks Long Gold And Silver Futures?

September 5, 2018 / admin

"The banks are very net long gold and silver futures. To the extent that banks can peer at what's going on behind the proverbial 'curtain,' they must see something that has inspired them to take long position in the precious metals."Gold is behaving the same way it was behaving in the months leading up to the 2008 financial crisis. Emerging markets are melting down and transmitting a financial a...Read More

Probe Metals drilling pays off at Val d'Or East Project

September 5, 2018 / Resource World

Geological model of the Probe Metals Val d'Or East Project. Source Probe Metals Inc.Not only has the 85,000-metre drill program of Probe Metals Inc. [PRB-TSXV; PROBF-OTCQB] returned good gold values that expand the known New Beliveau deposit resource at its 100%-owned Val d'Or East Project, two new gold discoveries have also been reported. And the company is not even a quarter of way through the d...Read More

Nevsun white knight offers $6 a share

September 5, 2018 / Resource World

Nevsun's Timok copper-gold exploration project in Serbia. Source: Nevsun Resources Ltd.China's Zijin Mining has emerged as a white knight in the Nevsun Resources Ltd. [NSU-TSX, NYSE AMERICAN] takeover saga.Nevsun said Wednesday September 5 that it has signed a definitive agreement with Zijin Mining, which has agreed to acquire all of the outstanding shares of Nevsun for $1.86 billion or $6 a share...Read More

Torex Gold tables life-of-mine plan for Mexico mine

September 5, 2018 / Resource World

Open pit mining operations at Torex Gold's El Limon-Guajes Mine in Guerrero State, Mexico. Source: Torex Gold Resources Inc.Torex Gold Resources Inc. [TXG-TSX; TORXF-OTC] has released an updated technical report, including a life-of-mine plan for its producing El Limon Guajes open pits and Sub-sill underground mines in Guerrero State, Mexico.The report, which was released after the close of tradin...Read More

Most actively traded companies on the TSX

September 5, 2018 / Editor

Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (16,137.57, down 23.73 points).Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 27 cents, or three per cent, to $8.68 on 28 million shares.Canopy Growth Corp. (TSX:WEED). Healthcare. Down 36 cents, or 0.52 per cent, to $68.47 on 20 million shares.Aphria Inc. (TSX:APH). Healthcare. Down...Read More

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