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Parallel Mining Receives Assays from Drilling at Mane II

February 19, 2019 / bit.ly

Parallel Mining Corp. (TSXV:PAL) (the "Company" or "Parallel") announces that assay results have been received from the recent drilling program designed to test one of the areas of Mane II, the Company's 163 square kilometer optioned concession in the KayaGoran greenstone belt in central Burkina Faso, approximately 20 kilometers south of Nordgold's Bissa Gold Mine.Read full newsRead More

Pancon Provides Corporate Update to Shareholders

February 19, 2019 / bit.ly

In anticipation of PDAC, Pancontinental Resources (TSXV:PUC) has shared a corporate update with its shareholders, indicating the work completed to date in 2019, as well as future plans. Read full newsRead More

White Gold is a Major Player in the Yukon's White Gold District @WhiteGoldCorp

February 19, 2019 / bit.ly

White Gold Corp. (TSXV:WGO) was featured in an article by Mining Journal regarding their recent exploration activities and acquisition of Comstock Metals Ltd.'s (TSXV:CSL) QV gold project in the White Gold district in Yukon, Canada.Read full newsRead More

Fortune Minerals Discusses Cobalt and the Nico Project's Role in the Market

February 19, 2019 / bit.ly

Fortune Minerals Limited (TSX:FT) was featured in an article in Cramer Media's Mining Weekly regarding the role their Nico cobalt project will play in the cobalt market.Read full newsRead More

Japan Gold Announces Results of 2018 Activities @japangoldcorp

February 19, 2019 / bit.ly

Japan Gold (TSXV:JG) (OTC:JGLDF) (Read full newsRead More

Final Court Approval Received for Acquisition of Beadell by Great Panther Silver @Gr8_Panther...

February 19, 2019 / twitter.com

"Final Court Approval Received for Acquisition of Beadell by Great Panther Silver @Gr8_Panther https://t.co/VgrO631Xyn"Read full newsRead More

NxGold Provides Exploration Update

February 19, 2019 / bit.ly

NxGold Ltd. (TSXV:NXN) (Read full newsRead More

ERG will suspend copper, cobalt output at Congo mine this month

February 19, 2019 / www.mining.com

Eurasian Resources Group Sarl will halt production at a copper and cobalt mine in the Democratic Republic of Congo, as it considers future investment in new production methods.The shutdown at Boss Mining Sprl will curb cobalt supplies from a nation that accounts for three-quarters of global production of the metal used in rechargeable batteries. The suspension comes at a time of strained relations...Read More

First Mining hits higher recoveries in tests at Springpole

February 19, 2019 / www.mining.com

First Mining Gold (TSX: FF; US-OTC: FFMGF) says positive interim metallurgical test results for its Springpole gold project, located 110 km northeast of Red Lake, Ontario, could increase the project's gold recovery 13.2% to 90.6% and silver recovery 11.9% to 95.1%.M3 Engineering and Technology and ALS Metallurgy completed the flotation testwork on material from Springpole. They then performed...Read More

Canadian regulator clears Newmont's $10B merger with Goldcorp

February 19, 2019 / www.mining.com

United States gold giant Newmont Mining (NYSE:NEM) has cleared one of the regulatory hurdles for its planned mega- merger with Canada's Goldcorp (TSX: G), a combination that would create the world's largest producer by output, challenging Barrick's recently cemented supremacy.The Denver-based gold miner said the Canadian Competition Bureau had green-lighted the $10-billion stock-for-stock trans...Read More

Waterton steps up efforts to oust Hudbay Minerals CEO, board of directors

February 19, 2019 / www.mining.com

Hudbay Minerals' (TSE, NYSE: HBM) second-largest investor, Waterton Global Resource Management, has turned up the heat in a boardroom battle that seeks to replace the Canadian miner's chief executive officer and overhaul its board.The private-equity firm, which holds about 12% of Hudbay, released an investor presentation on Tuesday, detailing what it sees as the path forward for the miner. The...Read More

South Africa's Kumba Iron Ore 2018 headline earnings edge lower

February 19, 2019 / www.mining.com

South Africa's Kumba Iron Ore Ltd on Tuesday reported slightly lower full-year headline earnings for 2018, due to a dip in revenue and lower sales volumes.The company, a unit of Anglo American, said headline earnings came in at 30.28 rand ($2.14) per share in the year ended Dec. 31, 2018, compared to 30.47 rand a year ago.Headline EPS is the primary profit measure in South Africa, and strips out c...Read More

Lumina Copper faces charges, up to $55m fine for environmental breaches in Chile

February 19, 2019 / www.mining.com

Chile's Superintendency of the Environment (SMA) filed charges against Lumina Copper on Tuesday for infractions to the provisions established in its Resolutions of Environmental Rating (RCA), both at the Caserones mine and the Electric Transmission Line necessary for the development of the project.Lumina Copper faces fines of up to $54.8 million for infractions to the provisions established in it...Read More

More high grades from Indin Lake for Nighthawk

February 19, 2019 / www.mining.com

Toronto-based Nighthawk Gold Corp. continues to explore its Indin Lake gold property. Work done in 2018 included 2,153 grab and channel samples that led to the discovery of new high grade gold showings.Gold showings and targets at the Indin Lake gold property. (Image: Nighthawk Gold)The company also drilled the first ever holes at the Swamp target. This is a newly defined and laterally extensive g...Read More

OceanaGold's shares up after reporting 2018 financials

February 19, 2019 / www.mining.com

OceanaGold Corp's. (TSX: OGC; ASX: OGC) stock was up 5.4% on Tuesday after reporting annual revenue in 2018 of $773 million and net profit before unrealised gains or losses on undesignated hedges of $124 million.Earnings before interest, tax, depreciation and amortization (EBIDTA) came in at $364 million.The company generated about $121 million in free cash flow, $346 million in operating cash f...Read More

BHP urges miners to create global body to oversee tailings dams

February 19, 2019 / www.mining.com

BHP, the world's largest mining company, has urged peers to create an independent international body in charge of overseeing the construction, integrity and operations of tailings dams, which storage mining waste, following the second collapse of a dam in Brazil in the past three years."As an industry, we now have to redouble our efforts to make sure events like this simply cannot happen," Chief E...Read More

Lithium price: Weather takes more tonnes off the market

February 19, 2019 / www.mining.com

Orocobre's (TSE: ORL) Salar de Olaroz in was the first brine lithium operation to go into production in more than 20 years when it was commissioned in 2014.But ramp up has been painfully slow at the Brisbane-based company's Argentina venture and on Tuesday, Orocobre had more bad news for investors who'd bet that the company could ride the lithium rally before it fizzled.Orocobre said heavy rains...Read More

Hedge fund reaps huge returns but it doesn't want your money

February 19, 2019 / www.mining.com

The key to getting monster-sized returns in mining equities is to be small, according to managers of the Plethora Precious Metals Fund.With only 18 million euros ($20 million) in assets, Plethora Precious Metals is a minnow in contrast to giants such as Blackrock Inc. and Vanguard Group Inc. While investment funds generally try to increase assets to share success and rake in higher fees, this Dutc...Read More

BHP can't rescue iron ore market after Brazil dam disaster

February 19, 2019 / www.mining.com

BHP Group, the world's biggest miner, doesn't have capacity to raise shipments into the iron ore market as competitor Vale SA faces outages following the fatal mining disaster in Brazil last month.The global iron ore market has been thrown upside down by the tragedy, after Vale was forced to shutter operations and the Brazilian government said it's banning certain types of dams used to hold mining...Read More

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