Mining Articles

Ascent Resources climbs as formal sale process started after producing revenues in 2017

15:45 17 Apr 2018 / Tom Howard

Ascent Resources Plc (LON:AST) was a strong gainer in late afternoon trading after the oil & gas firm said it has begun a formal sale process for selling the company having gone from "explorers to producers" in 2017.The AIM-listed group's full-year results showed it produced revenue for the first time since 2013 and significantly reduced its debt during the year.Ascent also said it is looking...Read More

New Responsible Mining Index highlights gaps in industry transparency and execution of policies

Apr. 17, 2018, 3:27 PM / Felicia Chan

Many mining companies are not actually implementing their own policies concerning key commitments towards human rights and health and safety, according to a new assessment from the Responsible Mining Index (RMI) 2018.The Responsible Mining Foundation, a non-profit organisation based in the Netherlands, released its first RMI report in April 2018. The report aims to reflect the Foundation's support...Read More

Active style is the reason for Miton Group's funds surge says CEO

15:14 17 Apr 2018 / Andrew Scott

David Barron, Miton Group PLC's (LON:MGR) chief executive, explains that new money flowing into its funds reflects an active management style and broad range of investment strategies. Shareholders, too, have seen big cash hand-outs as profits have soared. Barron believes the group is well-placed to do even better as the way the fund management business operates changes in future  Me...Read More

RM Secured Direct Lending eyeing further opportunities in health and childcare

14:33 17 Apr 2018 / Andrew Scott

Pietro Nicholls from RM Secured Direct Lending PLC (LON:RMDL) caught up with Proactive Investors to run through their quarterly update for the period to the end of March.The portfolio's now grown to 25 debt investments across 16 sectors.During the first quarter of 2018, the company made a number of new transactions, including two loan repayments totalling ?4.8mln in energy assets, and a ?5mln in...Read More

#China Slaps 179% Tariff On US Sorghum Hours After US Bans Exports To China's ZTE | Zero Hedge

Tue Apr 17 14:09:59 2018 / Staff reporter

Like Chinese tariffs on US pork products that were imposed earlier this month, the sorghum tariffs aren't merely a threat: Rather, China says they will take effect on Wednesday...Read full newsRead More

BHP beats Tesla, BMW among top holdings in new electric vehicle ETF

Apr. 17, 2018, 1:28 PM / Frik Els

The accelerating adoption of electric vehicles and energy storage technologies has been attracting new investors into the mining industry as demand for battery materials spike.The latest investment vehicle to capitalize on the trend was launched by New York-based Global X Funds this week connecting the likes of BHP and Rio Tinto to names most associated with the sector such as Tesla and Google.The...Read More

'Huge milestone' for SkinBioTherapeutics with cream formulation success

12:52 17 Apr 2018 / Andrew Scott

Dr Cath O'Neill, chief executive of SkinBioTherapeutics PLC (LON:SBTX), tells Proactive Investors the 'cream' formulation of its SkinBiotix technology has passed effectiveness studies in models of skin.The cream formulation will now undergo further testing for stability in the coming weeks.  Meet 360 Blockchain Inc, Alterola Biotech, Inc, LGC Capital Ltd and BlowFish Technologies at our event...Read More

Spearmint Drills 1670 PPM Lithium on its Clayton Valley Lithium Prospect

Tue Apr 17 12:31:42 2018 / Staff reporter

Spearmint Resources' (TSXV:SRJ) is pleased to announce that the first phase of exploration drilling has been completed on its Clayton Valley Lithium Prospect and has intersected lithium as high as 1,670 ppm Li. The three holes drilled into the clay formation all intersected lithium.Read full newsRead More

#Goldman Reports Blowout Earnings: Q1 Turmoil Leads To Highest Revenue In 3 Years | Zero Hedge

Tue Apr 17 12:13:55 2018 / Staff reporter

As expected, thanks to the Q1 market turmoil andRead full newsRead More

#Dollar Gains After #Mnuchin Walks Back Trump FX Tweet As "Warning Shot" | Zero Hedge

Tue Apr 17 12:13:30 2018 / Staff reporter

...Trump's tweet was not a signal for a weaker dollar but aRead full newsRead More

Ground-breaking international conference 'Resources for Future Generations' to be held in Vancouver, BC

Apr. 17, 2018, 12:08 PM / Resources for Future Generations

Vancouver, April 17, 2018: Resources for Future Generations (#RFG2018) will bring International, Canadian and Indigenous peoples to Vancouver for a collaborative and exciting conference dedicated to the availability of resources. The conference will be held on June 16-21,2018 at the Vancouver Convention Center. RFG2018 will examine three critical resources - energy, minerals and water - i...Read More

Gold explorer's drilling 'confirmed and expanded historical results'

Apr. 17, 2018, 10:41 AM / Streetwise Reports

Source: Streetwise Reports 04/17/2018Mick Carew, an analyst with Haywood Securities, reviewed and analyzed the company's recent drill results from its Idaho project.In an April 11 research note, analyst Mick Carew with Haywood Securities reported that Liberty Gold Corp. (LGD:TSX) released final data from drilling done at its Black Pine project, which "successfully confirmed and expanded histor...Read More

Russia sanctions throw global aluminum supply chain into chaos

Apr. 17, 2018, 10:34 AM / Bloomberg News

(Bloomberg) - The U.S. sanctions on United Co. Rusal that have sent aluminum prices surging should be great news for rival producers like Rio Tinto Group.Spoiler alert: they're not.While Rio is the top miner of bauxite, the raw material that becomes aluminum, it's dependent on Rusal for a key intermediate step in the process - the conversion of bauxite into alumina. Rusal's refining operations, w...Read More

Silvercrest drills 1.5 m of 2,999 g/t AgEq at Chispas

2018-04-17 10:29 / Mr. Eric Fier reports

Mr. Eric Fier reports SILVERCREST DELINEATES 10TH HIGH-GRADE VEIN AT LAS CHISPAS; MULTIPLE HIGH-GRADES INTERCEPTEDSilvercrest Metals Inc. has released drill results from the Luigi vein on the Las Chispas property, located in Sonora, Mexico. Silvercrest discovered the Luigi vein in the footwall of the Las Chispas vein in mid-2017 but it remained unnamed until the company completed enough drilling t...Read More

After setbacks, Anglo American counting on turnaround for Minas-Rio mine

Apr. 17, 2018, 9:47 AM / Reuters

SANTIAGO, April 17 (Reuters) - Two leaks in a month, a 90-day outage and $58 million in fines is not enough to temper Anglo American's ambition for its long-delayed, multi-billion dollar Minas-Rio iron ore mine in Brazil.Purchased at the height of the commodities boom a decade ago for $5.5 billion, Anglo American was once counting on Minas-Rio to produce 26.5 million tonnes of iron ore by 2016. Th...Read More

Auryn signs long-term access deal for Sombrero claims

2018-04-17 08:46 / Mr. Ivan Bebek reports

Mr. Ivan Bebek reportsAURYN INITIATES WORK AND EXPANDS LAND POSITION AT THE SOMBRERO GOLD AND COPPER PROJECTAuryn Resources Inc. has completed a long-term access agreement with the Huancasancos community which covers approximately half of the 2016 Sombrero claims located in southern Peru. The agreement gives Auryn surface access where exploration programs are under way in anticipation of an initia...Read More

Dynacor to buy back up to 1.98 million shares

2018-04-17 08:35 / Mr. Jean Martineau reports

Mr. Jean Martineau reportsDYNACOR ANNOUNCES SHARE BUY BACK PROGRAMThe Toronto Stock Exchange has approved Dynacor Gold Mines Inc.'s request to establish a normal course issuer bid share buyback program, through which Dynacor may purchase, for cancellation, up to 1,982,717 or approximately 5 per cent of its outstanding common shares as of April 10, 2018.Jean Martineau, president and chief executive...Read More

Avino Silver produces 656,699 oz AgEq in Q1

2018-04-17 07:44 / Mr. David Wolfin reports

Mr. David Wolfin reportsAVINO ANNOUNCES Q1 2018 PRODUCTION RESULTSAvino Silver & Gold Mines Ltd. has released first quarter 2018 production results from its Avino property near Durango, Mexico.The silver equivalent production in the first quarter of 2018 increased by 9 per cent compared with the first quarter of 2017 due to an increase in the tonnage processed and higher gold grades at the Avi...Read More

Bonterra Resources shows Gladiator Au recovery of 99.4%

2018-04-17 07:32 / Mr. Nav Dhaliwal reports

Mr. Nav Dhaliwal reportsBONTERRA ACHIEVES UP TO 99.4% GOLD RECOVERIES FROM PRELIMINARY METALLURGICAL STUDIES, INCLUDING UP TO 76.1% FROM THE GRAVITY CIRCUITBonterra Resources Inc. has received highly positive results for its preliminary metallurgical testwork, which forms part of its continuing resource development program at its 100-per-cent-controlled Gladiator gold deposit in Quebec, Canada. Re...Read More

Osisko Mining drills 2.9 m of 68.5 g/t Au at Windfall

2018-04-17 07:15 / Mr. John Burzynski reports

Mr. John Burzynski reports OSISKO INTERSECTS 68.5 G/T AU OVER 2.9 METRES AT LYNXOsisko Mining Inc. has provided new results from the continuing drill program at its 100-per-cent-owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban township, Eeyou Istchee James Bay, Quebec. The 800,000-metre drill program combines definition, expansion and exploration drilling in and aroun...Read More

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