Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Denarius Metals' (TSXV: DSLV; OTCQB: DNRSF) first resource estimate for its Zancudo project to revive an 18th century gold mine in Colombia confirms its high-grade potential. The Toronto-based company plans to restart production this year from the former Independencia mine dating to 1793. It produced as much as 2 million oz. gold-equivalent until 1948 from the site 27 km south of Medellin, Col...Read More
Climate change is an existential challenge. Mining is a big part of the solution. This is the worrying - and yet, exciting - backdrop to PDAC 2023. Mining, as a sector, does not always have the best of reputations. Regrettably, the criticisms are often valid. ESG is now a much-abused term, having been hijacked by green washers and bandwagon riders. In its truest form, ESG has real value, although...Read More
Many of you will have been waiting for the score from mining's famous Bottle Match. This is the annual rugby game played between Exeter University's Camborne School of Mines (CSM) and Imperial College's Royal School of Mines (RSM). The Bottle Match is a good example of a European mining tradition, although most are much older. Normally held on the third Saturday of February, the location of the...Read More
BHP (NYSE: BHP; LSE: BHP; ASX: BHP), the world's largest miner, is mulling expanding its investments in Argentina's copper sector, where it already has a presence through its 5% stake in Canada's Filo Mining (TSX: FIL), the junior developing the Filo del Sol copper-gold-silver project straddling the border with Chile.Company representatives met with the governor of mineral-rich San Juan province o...Read More
Canada's Frontier Lithium (TSX-V: FL) has again updated its mineral resource estimate for the Spark deposit, which is part of the company's PAK lithium project in northwestern Ontario.The company said the resource estimate update for the Spark deposit includes 18.8 million tonnes averaging 1.52% of lithium oxide (Li2O) in the indicated category. This represents a 30% size increase from the 14.4 mi...Read More
Galway Metals' (TSX: GWM) new drill results from its Clarence Stream gold project in New Brunswick may boost a plan to link three small pits into one, according to Laurentian Bank. "The bulk of these assays are from outside of the current pit shells, so there is good potential for the resource base to grow," Jacques Wortman, a mining analyst for Laurentian, wrote in a note on Tuesday. "The assay...Read More
This week's episode features Nickel 28 chairman Anthony Milewski on recent developments in industrial metals, particularly in the United States following the Inflation Reduction Act legislation. Anthony suggests that it could be an "interesting moment" for speculators, as the U.S. looks inwards to source metals for its supply chains. He also discusses his thoughts on the LME and its potential loss...Read More
I-80 Gold (TSX: IAU; NYSE: IAUX) is strengthening its dominant presence in Nevada's Eureka district with the acquisition of Paycore Minerals (TSXV: CORE), owner of the property that hosts the high-grade FAD deposit located immediately south of its 100%-owned Ruby Hill property.The all-share deal would see i-80 consolidate the northern portion of the Eureka district and increase the size of its lan...Read More
The government of Armenia has inked a US$250-million deal with Lydian Armenia, the company who owns the licence to operate the vast Amulsar gold mine, effectively allowing the resumption of operations.Minister of Economy, Vahan Kerobyan, said in a statement that, as part of the agreement, Lydian had yielded 12.5% of its shares in the gold mine to the government.The company is also expected to pay...Read More
Gold mining companies have been grabbing headlines this year with a flurry of merger and acquisition (M&A) activities. The biggest deals in the gold sector include the world's largest gold producer, Newmont (TSX: NGT; NYSE: NEM), seeking to build a global gold superpower by approaching Australia's Newcrest Mining (TSX: NCM; ASX: NCM) with a US$17 billion takeover offer. Agnico Eagle Mines (TSX: AE...Read More
Gold and other precious metals play a critical role in modern society - both as a store of value and for achieving a low-carbon future. More mining companies are responding to the demand for these resources. Here's a glimpse of eight companies exploring for gold and precious metals.Collective MiningCollective Mining (TSXV: CNL; US-OTC: CNLMF), a Toronto-based explorer, is focused on extending the...Read More
Generation Mining's (TSX: GENM) Marathon palladium-copper development in northern Ontario is among few critical minerals projects in Canada to recently seal both government approval and local Indigenous support. In late November, the federal and provincial governments approved Marathon's environmental assessment (EA), marking major progress for the project. "I believe we're the only mining c...Read More
Scott Berdahl grew up prospecting in the Yukon wilderness with his brother and his dad Ron, who's been a prospector in the territory since the 1980s. But the 37-year-old Whitehorse-based CEO and cofounder of Yukon-focused explorer Snowline Gold (CSE: SGD; US-OTC: SNWGF) took a roundabout route to where he is now. Berdahl studied writing, aerospace engineering, geology, and business at three dif...Read More
McEwen Copper, a subsidiary of McEwen Mining (TSX: MUX; NYSE: MUX) is attracting investments for its Los Azules copper project in the San Juan province of Argentina. Nuton, a Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) subsidiary that had already invested $25 million for 9.7% stake in McEwen Copper last August, has promised a further $40.7 million (US$30 million). Stellantis, a leading international...Read More
The S&P/TSX Venture Composite Index retreated by 10.92 points or 1.7% over the holiday-shortened Feb 21-24 trading session, ending at 616.86.The week's top value gainer was Sigma Lithium which surged on speculation that Tesla is in takeover talks with the Brazil-focused lithium developer. The stock closed $7.93 higher at $47.77 on Friday following media reports citing unnamed sources that Elon Mus...Read More
Stocks fell during the Feb. 21-24 trading period after higher-than-expected U.S. inflation for January of 6.4% a year prompted concerns that central banks would maintain higher interest rates for longer. Analysts had forecast 6.2% inflation last month, while the rate was 6.5% in Dec. Keeping money more expensive to borrow than in recent years could potentially slow the economy. The S&P/TSX Compo...Read More
The Dow Jones Industrial Average fell 873.83 points or 2.6% to 32,816.92 during the Feb. 21-24 trading period after the U.S. Commerce Department reported higher-than-expected inflation for January of 6.4% a year. The S&P 500 dropped 109.05 points or 2.7% over the week to 3,970.04.Analysts had predicted 6.2% inflation last month following 6.5% in December. The modest drop prompted concerns the U.S....Read More
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining Intelligence.TNM Drill Down Feb 17-24.South America was responsible for producing the top two drill assays of last week. On Feb. 21, New Pacific Metals (TSX: NUAG) reported that drill hole DCAr0096 at its exploration-stage Caranga...Read More
Australia's Recharge Industries, which is building a lithium ion cell factory at home, has acquired the proprietary technology developed by Britishvolt, a failed U.K. company.The startup collapsed early this year after struggling to fund a major electric vehicle (EV) battery recycling plant in northern England.The ?3.8 billion (US$4.6 billion) battery plant Britishvolt wanted to build had bee...Read More
During the decade Alp Bora spent as a mechanical engineer in mining, he saw the industry's reputation suffer in the court of public opinion due to multiple incidents of environmental disasters, corporate malfeasance, and on-site accidents.Bora became concerned about the industry's future as he observed the disconnect between public perception and mining's vital role in sustainable technologies.Wit...Read More