Rio Tinto's (NYSE, LSE, ASX: RIO) departing CEO Jakob Stausholm says he hasn't fallen out with chairman Dominic Barton despite Reuters citing unnamed company officials to the contrary. Management and board remained "absolutely aligned" on the company's values, strategy and performance assessment, Stausholm said Friday, according to Australian media. His successor could "very well be" an internal c...Read More
EarthLabs (TSXV: SPOT; US-OTC: SPOFF) has released a new episode of its flagship series EarthLabs Expeditions, offering an up-close look at West Red Lake Gold Mines (TSXV: WRLG, US-OTC: WRLGF) at a pivotal moment in the company's growth.The episode marks a return to northern Ontario where West Red Lake Gold finished its bulk sample program and conducted a first gold pour from the revitalized Madse...Read More
Allied Gold (TSX: AAUC; US-OTC: AAUCF) is set to begin trading on the New York Stock Exchange starting Monday after obtaining all regulatory approval. The stock will trade under the ticker symbol "AAUC" the same as its Toronto-listed shares.The NYSE listing approval "represents a significant milestone" that reflects the continued growth of Allied's business, the company said in a news release th...Read More
Silver is getting its shine on, with the price reaching $35.64 an oz. on Thursday - a 13-year high after a 24% increase since Jan. 1 and rivalling gold's 29% gain.However, unlike gold, silver benefits not only from a surge in investments into safer assets during times of uncertainty, but also upturns in economic outlook given the metal's use in industrial applications.The Silver Institute forecast...Read More
Premier American Uranium (TSXV: PUR, US-OTC: PAUIF) agreed to buy Nuclear Fuels (CSE: NF; US-OTC: NFUNF) to create one of the largest U.S. uranium explorers. Nuclear Fuels stock soared.Nuclear Fuels shareholders will receive 0.33 of a common share of Premier American for each share held, the companies said Thursday in a joint statement. This implies a payment of about 43? per share, which would va...Read More
Orla Mining (TSX: OLA; NYSE: ORLA) shares soared to an all-time high after the company released an initial resource for its Camino Rojo deposit in central Mexico that outlines 3.9 million contained gold oz. grading 2.45 grams gold per tonne.The underground deposit hosts 50.1 million measured and indicated tonnes at 10.6 grams silver and 0.25% zinc for 17.05 million oz. silver and 278 million lb. z...Read More
Heightened state control of natural resources is sweeping across the globe as China limits critical mineral exports and the Trump administration fast-tracks projects. But nowhere is the concept more gripping and volatile than in the high-potential gold mining jurisdictions of West Africa and Latin America. Miners must re-evaluate risk and reward while they dodge ransom attempts and adjust to the...Read More
Shares of Lynas Rare Earths (ASX: LYC) soared nearly 13% on Thursday to their strongest level in more than two years amid concerns over China's export controls on rare earth elements.As the largest rare earth producer outside China, Lynas is poised to benefit from the global scramble for alternative suppliers. Shares in the Perth, Australia-based company closed at A$9.26 (C$8.24) apiece in Sydney,...Read More
A Malian court has postponed a ruling for a fourth time on whether to place Barrick Mining's (TSX: ABX; NYSE: B) Loulo-Gounkoto gold complex under provisional administration, delaying the hearing until June 12.The court has given no reasons for the delays. The government wants to take control of the mine that's been embroiled in a legal dispute with the West African nation over taxes and ownership...Read More
Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) reported high-grade assays from its Boumadine polymetallic project in Morocco while extending mineralization. The stock surged.Highlight hole BOU-DD25-509 in the Imariren strike zone cut 9.3 metres grading 2.18 grams gold per tonne, 62 grams silver, 1.5% zinc and 0.7% lead from 282.1 metres depth, Aya reported Thursday. In the same zone, hole BOU-DD25-50...Read More
Marimaca Copper (TSX: MARI; ASX: MC2) has surged by double digits after announcing on Wednesday a $24.4-million (US$17.7-million) private placement to fund its feasibility-stage namesake project in Chile.The offering comprises approximately 5.31 million common shares priced at $4.60 per share, issued exclusively to institutional investors. Two of Marimaca's cornerstone shareholders, Assore Interna...Read More
Northern Star Resources (ASX: NST) is transforming an iconic but previously unloved Kalgoorlie asset into Australia's largest gold operation.Kalgoorlie Consolidated Gold Mines (KCGM) also known as the Super Pit produced 437,000 oz. of gold in the 12 months to June 30 (its 2024 fiscal year), well below its 2011 peak of 730,000 ounces.But Northern Star has plans to raise output to 900,000 oz. pe...Read More
Bellevue Gold's (ASX: BGL) namesake mine in Western Australia's Goldfields region has been in production for less than a year, but the company is already eyeing an expansion.The A$1.8-billion market cap company poured first gold at its Bellevue mine last October, with commercial production following this May."The building and the ramp-up of the mine has been no small feat - this isn't just some sm...Read More
EASTERN YUKON In a remote corner of Yukon, Snowline Gold (TSXV: SGD; US-OTC: SNWGF) has moved from the first drill holes at its Valley target to an initial resource in less than three years."Snowline is still a fairly new company this is our fourth summer of operation," Snowline CEO Scott Berdahl said in a kitchen tent at the main Forks camp, in late June. "In 2021, we got a single drill toget...Read More
"Stable but underwhelming growth" is what the International Monetary Fund has projected in its World Economic Outlook, released in late October.With wars in Ukraine and on two Israeli borders plus a nail-biting U.S. election only days away, things could be worse.While the IMF's latest forecast doesn't call for gangbuster global growth, it does note that central banks are largely succeeding in orch...Read More
It's important to understand that the boom phase of a commodity cycle doesn't kick off overnight.While there have been some green shoots record gold prices, and copper (briefly) spiking into new all-time highs in 2024, we're still not in what I'd consider 'boom conditions.' That applies especially to junior mining stocks, many of which still trade close to all-time lows.So, how does China's rece...Read More
The conversation around environmental, social, and governance ESG considerations in mining has grown increasingly sophisticated over the last decade, giving rise to an evolving set of requirements that companies must meet in order to secure funding. In the past, projects were primarily evaluated on their financial viability and resource potential. Now, many investors require a comprehensive ESG st...Read More
Silicon Valley CEOs can get obsessed with some pretty weird things colonizing Mars, ultra-ascetic diets, wearing the same outfit every single day, or living forever. But there's nothing head-scratching about the latest preoccupation shared by some of the biggest tech companies, including Amazon and Microsoft: nuclear power. Both companies have inked deals this year to lock down supplies of the c...Read More
Nicola Mining (TSXV: NIM; US-OTC: HUSIF) president and CEO Peter Espig says its focus on cash flow and copper exploration will create value.The New Craigmont copper project in southern British Columbia, once North America's highest-grade copper mine, is key to Nicola's strategy. It has infrastructure and a history of over 900 million lb. of copper production."Cash flow from our Merritt mill funds...Read More
Ontario's Minister of Mines, George Pirie, says the province has updated its mining rules to speed up permits and attract investment in critical minerals.The provincial government passed the Building More Mines Act in record time. The regulations were finalized by April last year."Our focus is on matching Northern Ontario's mineral wealth with Southern Ontario's manufacturing power," he said at Th...Read More