Recent News

Comes as firm drills in ArizonaCopper News

October 24, 2022 / www.mining-journal.com

Melvin was most recently vice president, corporate development for Arizona-headquartered Freeport-McMoRan.Read More

Tech Talk for Monday October 24th 2022

October 24, 2022 / www.timingthemarket.ca

U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points in pre-opening trade.The Shanghai Composite Index dropped $61.37 to $2,977.56 and the Hang Seng Index fell to $10,300.43 following news of changes in China's political leadership.Medtronic gained $0.97 to $84.23 after announcing a split of its operations into two separate entities. Tesla dropped $6.46 to $207...Read More

Two contractors dead at Lithium Americas project in Argentina

October 24, 2022 / www.northernminer.com

Lithium Americas (TSX: LAC) (NYSE: LAC) says two contractors died at its Cauchar?--Olaroz lithium project in Argentina on Sunday. The deaths occurred in separate incidents that don't appear to be related to the workplace, the Vancouver-based company said in a news release on Monday. An investigation has started, it said. Jonathan Evans, chief executive officer of Lithium Americas, said the company...Read More

TNM Drill Down: Top gold assays for the week of Oct. 14-21, 2022

October 24, 2022 / www.northernminer.com

Welcome to our weekly feature, TNM Drill Down, focusing on the top gold assays of the past week. Assays are ranked by gold grade x width, as identified by our sister company Mining Intelligence.Freegold Ventures (TSX: FVL) reported this week's top gold assay when it released on Oct. 18 the latest six assay results from an ongoing drilling campaign on the Golden Summit project near Fairbanks, AK. D...Read More

Kenorland, Sumitomo form JV at Chicobi gold project in Quebec

October 24, 2022 / www.northernminer.com

Kenorland Minerals (TSXV: KLD; OTC: KLDCF) is forming a joint venture with Sumitomo Metal Mining Canada for Kenorland's Chicobi gold project. Sumitomo earned a 51% interest by completing $4.9 million in exploration expenses.The Chicobi property, 30 km northeast of Amos, Que., covers 512.6 sq. km over a 45-km strike length of the Chicobi deformation zone (CDZ). This zone is analogous to other major...Read More

US markets end the Oct. 17-21 trading week higher

October 24, 2022 / www.northernminer.com

The Dow Jones Industrial Average gained 1,447.7 points or 4.9% during the Oct. 17-21 trading week to 31,082.56, and the S&P 500 closed 169.7 points or 4.7%% higher at 3,752.75.This week's top mining-focused value gainer was Mosaic Co., which added US$6.24 to close at US$53.10 per share. The crop nutrient producer and distributor's share price has been on a positive trajectory over the past two wee...Read More

TSX Venture edges higher over the Oct. 17-21 trading week

October 24, 2022 / www.northernminer.com

The S&P/TSX Venture Composite Index edged up 11.95 points or 2.1% over the Oct. 17-21 trading session to end at 593.04. Sigma Lithium was the week's top gainer by value, rising $7.58 to $48.42 per share. While the emerging lithium miner did not release any recent news, it is benefiting from lithium prices that continue to rally on tight supplies. Sigma is nearing the end of construction of the fi...Read More

TSX gains during Oct. 14-21 as inflation starts to slow

October 24, 2022 / www.northernminer.com

Markets were higher over the week as investors searched for a bottom to recent falls, anticipating that central banks won't continue interest rate hikes for too much longer now that inflation is beginning to tick lower, in the United States and Canada at least. Gold retreated slightly.The S&P/TSX Composite Index gained 534.6 points or 2.9% to 18,860.95. The S&P/TSX Global Mining Index increased 4....Read More

Pure Gold suspends operations at troubled Red Lake mine, stock plunges to 2 ?

October 24, 2022 / www.northernminer.com

Pure Gold Mining (TSXV: PGM; LSE: PUR) is placing its flagship PureGold mine in Red Lake, Ont., on care and maintenance, as the mine has yet to achieve the consistent cash flow needed to alleviate the company's financial problems.Currently, Pure Gold has a cash balance of around $2 million and a net working capital deficit of about $13 million, excluding amounts owing under the company's debt obli...Read More

Barrick to expand East African footprint following positive results at North Mara, Bulyanhulu mines

October 24, 2022 / www.northernminer.com

Barrick Gold's (TSX: ABX; NYSE: GOLD) president and chief executive Mark Bristow announced on Saturday that the company plans to expand its East African footprint using the North Mara and Bulyanhulu gold mines in Tanzania as a foundation for this endeavour.Back in September 2019, Barrick inherited what Bristow called these "moribund mines" when it re-acquired Acacia Mining. After some rebuilding w...Read More

SITE VISIT: New Pacific advances Bolivian silver project towards late 2022 PEA

October 24, 2022 / www.northernminer.com

Looking down into the deep ravine in the centre of New Pacific Metals' (TSX: NUAG) Silver Sand project in central Bolivia, one does not have to be a geologist to spot its potential. Up and down its steep sides, the landscape is pockmarked by adits and tunnels dug by miners almost five hundred years ago.The miners may have left after the discovery in 1545 of Cerro Rico, Bolivia's legendary mountain...Read More

CR Mining digital GET Trakka saves bucket teeth by measuring wear

October 24, 2022 / www.northernminer.com

For over four decades, CR Mining has been an industry-leading manufacturer and supplier of mining equipment. From their start as innovators in the dragline bucket space, the company has leveraged that expertise to produce a suite of ground engaging tools, or GET, used in a range of machines, including excavators, wheel loaders, and rope shovels.Now, CR Digital, the company's technology arm, is on...Read More

Stephen Roach on President Xi's iron grip and rapidly-rising power

October 24, 2022 / marketsanity.com

CNBC, Released on 10/24/22Yale's Stephen Roach on whether China is investable right now. Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced: The Codependency of America and China and Steph...Read More

Geoge Gammon: Japan Crisis Could Trigger Dollar Collapse (Here's How)

October 24, 2022 / marketsanity.com

Rebel Capitalist, Released on 10/24/22George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at t...Read More

Brent Johnson: The Dollar Milkshake Theory is Stronger Than Ever

October 24, 2022 / marketsanity.com

Real Vision Finance, Released on 10/24/22 (Recorded on 10/11/22)Brent Johnson first spoke about his "dollar milkshake" theory on Real Vision in May 2018 https://youtu.be/vDr3lRZ01Zo Since then, by his estimate, he's said "milkshake" "a million times." As he sees it, the U.S. enjoys a comparative advantage - despite all of its problems - and, as a result, its currency will appreciate. It's an on-th...Read More

Rick Rule Makes the Case for Uranium

October 24, 2022 / marketsanity.com

Real Vision Finance, Released on 10/24/22The president and CEO of Rule Investment Media and the chair of Equinox Gold joins Harry Melandri to talk about why he's turning his focus to uranium. In short, Rick is taking a long view on a resource that could help solve what will soon be a global energy crisis.Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career i...Read More

Ron Paul: We must reject political 'justice' if the Republic is to survive

October 24, 2022 / marketsanity.com

Institute for Peace and Prosperity, Released on 10/24/22Josef Stalin's top henchman famously said, "show me the man and I'll show you the crime." What it meant was that Soviet justice was about politics, not the rule of law. First decide who, for political reasons, is to be punished, and then the state will provide the crimes for which he will be charged.This dark era of politicized "justice" has...Read More

Biden targets Nicaragua's Ortega

October 24, 2022 / www.mining-journal.com

President Joe Biden signed an executive order Monday to hold Ortega accountable for continued attacks on human rights and democracy as well as his continued security cooperation with Russia.Read More

Vale spin out to capitalise on zeitgeist

October 24, 2022 / www.mining-journal.com

Speaking at the FT Mining Summit Vale chief executive Eduardo Bartolomeo said the aim would be to grow the base metals unit as big as Vale is today, an ambitious goal considering nickel generated 9.Read More

The Fed's Critical Leak to the Mainstream Press

October 24, 2022 / dailyreckoning.com

The Fed will raise interest rates 0.75% at the end of its next FOMC policy meeting on Nov. 2.That's not an official announcement, but it might as well be because it came from the Fed's unofficial official source. If that sounds confusing, please allow us to explain…The Fed never announces its rate policy decisions in advance. These are announced in the form of a press release and statement d...Read More

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