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Expert Says Critical Metals Stock Has Many Catalysts

July 12, 2024 / www.theaureport.com

Technical Analyst Clive Maund takes a look at Infinico Metals Corp. (INFM:TSX) to explain why he believes it is an Immediate Strong Buy.The stock charts for Infinico Metals Corp. (INFM:TSX) that we will examine in due course clearly show that it is in a position to embark on a potentially major bull market as it has completed a very large base pattern. The nickel sector was slammed several months...Read More

Key Consultants Engaged To Advance Moss Gold Project

July 12, 2024 / www.theaureport.com

Goldshore Resources Inc. (TSXV: GSHR; OTCQB: GSHRF ; FWB: 8X00) has announced significant progress on the Moss Gold Project with the engagement of key consultants G-Mining Services Inc. and One-eighty Consulting Group Ltd. Read on for how this streamlines future development projects.Goldshore Resources Inc. (TSXV: GSHR; OTCQB: GSHRF ; FWB: 8X00) has announced significant progress on the Moss Gold...Read More

Tech Talk for Thursday July 11th 2024

July 11, 2024 / www.timingthemarket.ca

U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:35 AM EDT.S&P 500 futures added 20 points following release of the June U.S. Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 0.1% versus no change in May. Actual was a drop of 0.1%. On a year-over-year basis, consensus was an increase of 3.1% versus a gain of 3.3% in May. Actual was...Read More

Democracy, Redefined

July 22, 2024 / dailyreckoning.com

We understand the North Atlantic Treaty Organization is pursuing fresh initiatives in the fields of artificial intelligence, information management and cybersecurity.Its purpose claims United States National Security Adviser Jake Sullivan is to:Harness the unique strengths of highly capable democracies to address shared global challenges.We are not certain to which "unique strengths of highly...Read More

Saudi and Russia: Best Buddies

July 22, 2024 / dailyreckoning.com

Some of the best friendships start that way.A knockdown, dragout brawl kicks things off. A brutal beating was taken on both sides. A moment of clarity ensues. The look that says, "What did we start fighting over to begin with?"A shoulder shrug, indicating no one can remember what the catalyst was. A smile. A handshake. And a drunken night out with raucous backslapping and man hugs to consummate th...Read More

BHP halts Western Australia nickel mines on weak prices, glut

July 11, 2024 / www.northernminer.com

BHP (NYSE: BHP; LSE: BHP; ASX: BHP) is halting its Western Australia nickel operations starting in October, as the world's largest miner struggles to navigate challenges posed by a substantial decline in nickel prices and a global oversupply.The mining giant, which had warned the market about this potential outcome earlier this year, said it will review its decision affecting both the Nickel West...Read More

Site visit: Fireweed Metals' Macpass and Mactung projects

July 11, 2024 / www.northernminer.com

Remote eastern Yukon The snow-peaked mountains and green valleys of eastern Yukon may seem like a place that would attract only wily old prospectors and extreme hikers. But on a gentle mountain slope, a camp full of young geologists armed with the latest exploration technology are searching for metals needed for the green energy transition. On the border with the Northwest Territories, Fireweed...Read More

Serbian top court clears path for Rio Tinto's Jadar lithium project

July 11, 2024 / www.northernminer.com

Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) could be back in the running to develop Europe's top lithium mine after a Serbian court ruled the government unlawfully revoked the miner's Jadar lithium project permits.The Serbian Constitutional Court ruled on Thursday that the government's 2022 decision was unconstitutional.Belgrade revoked licences for the Australian miner's US$2.4-billion project in w...Read More

RANKED: The world's top 10 gold miners

July 11, 2024 / www.northernminer.com

Gold has re-emerged as one of the top asset classes of 2024, having risen by 12% year to date and shattered multiple records along the way. It is now well on track for its best year since 2020.The yellow metal has benefitted from heightened uncertainty in the global economy, namely recession fears and geopolitical risks, which are driving up demand.The world's production of gold has also steadily...Read More

Sibanye-Stillwater says mining ops still running as it faces cyberattack

July 11, 2024 / www.northernminer.com

Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) has confirmed reports of an ongoing cyberattack that has disrupted its IT systems globally.In a statement Thursday, the South African miner said it took immediate steps to proactively isolate IT systems and safeguard data as soon as it became aware of the incident, which began on Monday.In addition to the containment measures implemented, Sibanye said it h...Read More

Montage Gold gets last permit need to build US$712M Kon? mine

July 11, 2024 / www.northernminer.com

Africa-focused Montage Gold (TSXV: MAU) has secured the final mining permit for its flagship Kon? project in C?te d'Ivoire, paving the way to start construction early next year.The US$712-million project is forecast to churn out a total of 3.6 million oz. gold over a 16-year life, according to an updated feasibility study from January.Along with the Kon? permit, which is valid for 20 years, Montag...Read More

Orezone lands US$105M to expand Bombor? gold mine

July 10, 2024 / www.northernminer.com

Orezone Gold (TSX: ORE; US-OTC: ORZCF) has secured US$105 million in funding commitments to expand its flagship Bombor? gold mine in Burkina Faso, which achieved commercial production in late 2022.The funding comprises a US$58 million three-year loan from Coris Bank International, its current senior lender, and a US$47 million private placement with Nioko Resources, a strategic investor in the com...Read More

Fatality halts work at Atlantic Lithium's Ewoyaa project

July 10, 2024 / www.northernminer.com

Atlantic Lithium (ASX: A11; US-OTC: ALLIF) has halted activity at its Ewoyaa project in Ghana after a fatal accident on Tuesday.According to the company, authorities have been notified and an investigation is underway to establish the circumstances that led to the incident.Ewoyaa will be Ghana's first lithium operation. The miner secured in October a 15-year permit for the project.Half of the lith...Read More

Barrick to boost Mali exploration as regulations shift

July 10, 2024 / www.northernminer.com

Barrick Gold (TSX: ABX; NYSE: GOLD) is actively working to expand its exploration activities in Mali to ensure the long-term sustainability of its Loulo-Gounkoto operation, CEO Mark Bristow said yesterday while visiting the operation.The gold giant has started discussions with Mali's National Directorate of Geology and Mines as it seeks to grow its footprint in the country. Since 2021, Mali has be...Read More

Gatos Silver soars on record quarterly zinc production

July 10, 2024 / www.northernminer.com

Shares of Gatos Silver (TSX: GATO; NYSE: GATO) soared to a three-year high on Wednesday after the precious-base metals miner announced record quarterly zinc production from its flagship Cerro Los Gatos (CLG) mine in Mexico.The stock traded as high as US$13.82 apiece in New York, and as of mid-afternoon was up 20.2% to US$13.41 a share, valuing the company at US$942.8 million."Our mine debottleneck...Read More

Critical Metals finalizes JV deal for Saudi Arabia lithium plant

July 10, 2024 / www.northernminer.com

Critical Metals Corp. (NASDAQ: CRML) says it's finalized a deal with Saudi Arabia's Obeikan Group to build a large-scale lithium hydroxide processing plant in the kingdom. The two will form an equal joint venture to develop and operate the plant, which will convert lithium spodumene concentrate from Critical Metals' Wolfsberg lithium project in Austria. The deal, which was announced last month and...Read More

Nexa Resources in talks to sell Peru copper project

July 10, 2024 / www.northernminer.com

Latin America-focused Nexa Resources (NYSE: NEXA), which operates the largest underground zinc mine in Peru, Cerro Lindo, is in talks to sell its Pukaqaqa copper project in the Andean country.The miner said in a note to the local securities regulator (SMV) this week that it was involved in "ongoing negotiations linked to a possible sale of the Pukaqaqa mining project." Pukaqaqa, valued at nearly U...Read More

Aya pours first silver at expanded Zgounder mine

July 10, 2024 / www.northernminer.com

Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) has poured first silver at its expanded Zgounder mine in Morocco, the Canadian miner announced Tuesday. The first pour was achieved on July 2 from the existing cyanidation plant.The pour "marks another significant milestone" in the Zgounder mine expansion as it transitions to full production by the fourth quarter of 2024, Aya CEO Benoit La Salle said in...Read More

Codelco eyes 10% stake in Teck's QB copper mine

July 09, 2024 / www.northernminer.com

Chile's state-owned copper giant Codelco is considering acquiring a 10% stake in Teck Resources' (TSX: TECK.A, TECK.B; NYSE: TECK) Quebrada Blanca copper mine, currently held by state mining firm Enami, in a deal valued at about US$500 million.The potential acquisition will make strategic sense for both companies, local paper La Tercera reported on Tuesday, as Codelco would get a hold of a new, ma...Read More

Podcast: 'The slide pile is unstable' What's happening at Victoria Gold's Eagle mine in Yukon? ft Blair McBride

July 09, 2024 / www.northernminer.com

This week's episode features Northern Miner production editor Blair McBride in conversation with host Adrian Pocobelli on recent developments at Victoria Gold's Eagle mine in Yukon. McBride recounts a series of unusual events, including a heap leach pad failure at the mine, which occurred while he was attending an investment conference in Dawson City. He details the company's and the Yukon governm...Read More

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