Lundin Mining's (TSX: LUN; NASDAQ: LUMI) proposed acquisition of Yamana Gold's (TSX: YRI; NYSE: AUY) Chapada copper-gold mine in Brazil for US$800 million in cash will boost its copper production over 25% per year, and add 100,000 oz. gold to annual production.The open-pit operation in Goias state could produce 54,500 tonnes copper (120.2 million lb.) and 100,000 oz. gold this year, at co-product...Read More
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) forecasts record production this year, with the start of two gold mines at Meliadine and Amaruq in Canada's Arctic.With the output from the new mines, the company forecasts total gold production of 1.75 million ounces in 2019. That number could rise to 2 million oz. in 2020 and 2.05 million oz. in 2021, the company says.Agnico's growing production platform...Read More
"Congratulations to @NewGoldInc on receipt of federal approval for Blackwater, a bulk tonnage, open-pit mining project in central British Columbia https://t.co/fxbiyf9Qnx"Read full newsRead More
Russia's Alrosa, the world's top diamond producer by output, is extending the life of its Aikhal mine to 2044 by digging deeper into the ground, in a project estimated to cost about RUB 10 billion ($16m).The 300 metres underground extension, the company said, will add almost 20 million carats to the raw material base of the Aikhal mining and processing division, allowing it to keep annual outpu...Read More
Unexpectedly strong Chinese economic data gave mining stocks a boost this week, while analysts continued to advocate for junior gold companies despite a reverse for the yellow metal. Figures showing that China’s economy continued to expand at breakneck pace in the first quarter despite its trade war with the US came as analysts at Barclays Bank produced a particularly bullish report...Read More
Aztec Minerals (TSXV: AZT) recently flew a magnetic and radiometric survey over its Cervantes copper-gold project in Sonora, Mexico, that identified 11 porphyry targets. Follow up work by the company will initially target four main targets: California, Estrella, California North and Purisima East.The survey supports the company's belief that the project contains multiple porphyry cells along a nor...Read More
The writing is on the wall for Canadian mining companies and it has been for quite some time. Their glory days as a global leaders are fading - and mega-mergers won't bring salvation.Market signals are already showing troubling signs of this shift in the sector. While Canada's GDP saw a 0.3% lift in January, which was the biggest gain in eight months, this dramatic uptick didn't spill over into ev...Read More
Former U.S. interior secretary Ryan Zinke has joined the board of a tiny gold mining company with projects in Nevada and Wyoming.U.S. Gold Corp., based in Elko, Nevada, has a market capitalization of about $20 million. Zinke is one of six board members for the company, according to its website.Zinke left his post in January amid several federal investigations into his travel, political activity an...Read More
The president and CEO of Vancouver-based Mountainstar Gold has been slapped with a C$150,000 penalty by the British Columbia Securities Commission (BCSC) for making "false or misleading statements" regarding the Pascua Lama gold deposit in Chile.The panel also permanently prohibited any trading in or purchasing of securities of Mountainstar, previously Mountain-West Resources Inc. In addition to...Read More
Ivanhoe Mines (TSX: IVN) issued a media statement this week saying that a few of the company's top executives met with F?(C)lix Tshisekedi, the recently-elected President of the Democratic Republic of Congo, and updated him on the progress being made in the development of the Kamoa-Kakula copper project and the Kipushi zinc project.Kamoa-Kakula, a joint venture between Ivanhoe, Zijin Mining Group...Read More
For all the concerns expressed recently that there isn’t enough cash being injected into junior mining stocks, when it comes to the really interesting ones it can be hard to persuade them to take your money. This position was laid bare by Auryn Resources executive chairman Ivan Bebek, in an interview in which he discussed the company’s recent fundraising. Auryn (TSX:AUG) first...Read More
The outlook has improved for Pretium Resources, (TSE: PVG). The miner's shares climbed nearly 9% Thursday, after announcing "robust economics" and plans to ramp-up production, exploration, and resource numbers at its Brucejack gold-silver mine in British Columbia.The Brucejack mine is increasing throughput to 3,800 tonnes per day, up from 2,700 tonnes per day over the course of the year - a 4...Read More
Pure Gold Mining (TSXV: PGM) is seeking a higher profile for its Madsen gold project in northwestern Ontario, with a listing on the main market of the London Stock Exchange.The junior expects admission to trading on the LSE in the second quarter of this year.The dual listing will boost the company's international profile and "facilitate improved access to U.K. and international gold-focused instit...Read More
American Lithium (TSXV: LI; US-OTC: LIACF) has confirmed lithium mineralization at its TLC claystone project near Tonopah, Nev., during its ongoing 18-hole, 1,600-metre drill program.The company cut 1,08 parts per million (ppm) lithium over 36.4 metres from 27 metres downhole; 994 ppm lithium over 42.7 metres from 41 metres downhole; and 934 ppm lithium over 44 metres from 24 metres downhole. All...Read More
The following is an edited Investment Update from the World Gold Council. For the full report, visit www.gold.org.The latest U.S. Federal Reserve Open Markets Committee meeting on March 20 confirmed market expectations that the Federal Reserve (Fed) will remain on hold for the rest of the year. This, in turn, will likely influence gold's performance. Our historical analysis shows that when the Fed...Read More
"Macquarie: #nickel is the clear winner in a 3-stage metals "beauty parade", scoring top marks as an investment over the next 12-months, 24-months, and a shared second place in the 5-year categoryhttps://t.co/ykwFaCwYEb"Read full newsRead More
In January, Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) reported a 22-metre intercept of 13.05% copper at a 2% cut-off in a shallow, flat-lying discovery sitting within 190 metres of surface at Kamoa North, an exploration area on the company's Kamoa-Kakula mining licence in the Democratic Republic of the Congo (DRC).The drill hole - 1450 - is 18 km north of the Kamoa-Kakula project's planned initial m...Read More
Non-profit organization Geoscience BC is planning a new airborne survey to help identify mineral potential on northern Vancouver Island, in the western Canadian province of British Columbia.According to the NGO, every time its team runs projects like this one, new investment comes into the region at hand as the data is used to inform mineral exploration and development decisions by the mining sect...Read More
AngloGold Ashanti Ltd. is complying with an order from South Africa's Department of Mineral Resources to amend its mining rights to reflect black economic empowerment, the company's spokesman Chris Nthite said.The world's No. 3. gold producer may have contravened black economic empowerment rules tied to its mining rights when it awarded a 4.5 percent stake to employees instead of 6 percent, City P...Read More
Nickel stocks were supported by positive commodities news this week as a report found that stock exchanges are not generating enough support for junior miners and their crucial role in exploration. Canadian explorer FPX Nickel Corp (FPX.V), which is developing the large-scale Decar Nickel District in British Columbia, tweeted a chart from Morgan Stanley’s latest commodity therm...Read More