Share this article VANCOUVER - Dynacor Gold Mines Inc. [DNG-TSX} on Wednesday reported gold sales of US$15 million for November, 2022, a decrease of 15.3% or US$2.7 million compared to November, 2021.It attributed the decrease to the lower average gold price and lower quantities of bullion sold due to monthly inventory variations and reduced ore grade in comparison to year-ago levels.The average...Read More
The EU may have enough juice to keep its own members in line, but it is powerless against the will of U.S. liquefied natural gas (LNG) producers. Europe currently has its stockpiles full to the brim with either Russian leftovers or regasified U.S. LNG. Those are its two options for the next few years. Unless EU leaders are concocting some last-ditch effort to force Putin into a change of heart,...Read More
New speculators going long are also adding to the silver shorts' misery...by Harvey Organ of Harvey Organ Blog//GOLD PRICE UP $27.05 TO $1815.60//SILVER IS UP A FULL $1.05 TO $24.05//PLATINUM IS UP 26.75 TO $1012.45/PALLADIUM IS UP $62.60 TO $1739.65//JAPAN FINALLY EXPANDS ITS YIELD CURVE AND WILL BUY UP TO 9 TRILLION YEN JAPANESE BONDS PER MONTH//THAT SET OF A FRENZY IN THE PRECIOUS METALS MARKET...Read More
The deal is expected to be finalised in the third quarter of 2023. It will see the two companies working together on their neighbouring projects in the Pastos Grandes basin in Argentina.Read More
Look beyond market approach to project valuations: van ZylLeadershipCypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corpCanada's NexGen eyes large-scale uranium productionSPONSOREDnexgen energyUranium revival takes off as reality hits on energy, geopoliticsSPONSORED"The company and its board of directors believe the price of its common shares...Read More
Cypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corpCanada's NexGen eyes large-scale uranium productionSPONSOREDnexgen energyUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDThe subsidiary, ECM, has granted BMW the first right to purchase 100% of the lithium hydroxide from its Wolfsberg lithium project in Austria.Read More
Cypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corpCanada's NexGen eyes large-scale uranium productionSPONSOREDnexgen energyUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDThis, along with its stockpiled materials, mean that it can meet the requirements of existing customer contracts.Read More
The North American Leaders' Summit (NALS) comes as the three leading regional economies advance energy transition policies, at the heart of which is the supply of critical minerals not dependent onRead More
Cypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corpCanada's NexGen eyes large-scale uranium productionSPONSOREDnexgen energyUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDThat is why this month Mining Journal held interviews with some of the recipients of the WIM100 - 100 global inspirational women in mining 2022, as...Read More
(IDEX Online) - Leviev has unveiled two "Empress" diamond rings to honor British royals Camilla, Queen Consort and Catherine (Kate), Princess of Wales.It follows the US-based company's release of The Queen's Collection of 20 rings and other pieces in September, to mark the passing of Queen Elizabeth II."The Camilla" is a 6.4-carat emerald-cut gem with a $440,000 price tag. "The Catherine...Read More
(IDEX Online) - De Beers has appointed its first majority black-owned sightholder.Molefi Letsiki Diamonds was founded in Johannesburg, South Africa, in 2005, as a custom-made jewelry manufacturing business.It will join the list of around 60 businesses authorized to attend 10 sights a year in Gaborone, Botswana, from 1 January 2023, to buy bulk parcels of rough diamonds. Mr Letsiki graduated f...Read More
(IDEX Online) - De Beers today said rough sales during its final cycle of the year were $410m (provisional).That takes its 2022 total to $6.12bn - an increase of just over a fifth (21 per cent) on 2021 sales of $4.82bn. Sales during Covid-hit 2020 were $2.79bn. In 2019, De Beers sold $4.04bn.Sales during cycle 10 were down slightly from cycle 9, with sales of $454m, but up on cycle 10 of 2021 ($33...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 29 points in pre-opening trade.The Canadian Dollar was virtually unchanged at US73.44 cents following release of Canada's November Consumer Price Index at 8:30 AM EST. On a year-over-year basis November CPI was expected to increase 6.7% versus a gain of 6.9% in October. Actual was an increase of 6.8%. Excluding food an...Read More
The Bibiani and Chirano gold mines, situated 15 km apart in Ghana, are expected to produce a combined 400,000 oz. of gold next year, according to Asante Gold (CSE: ASE).Asante acquired the open pit Bibiani mine from Resolute Mining in August 2021, started open pit mining operations in February 2022, and after completing the refurbishment and commissioning of the process plant in June, poured first...Read More
SOQUEM, a subsidiary of provincial government corporation Investissement Quebec, has signed a letter of intent with Vior Inc. (TSXV: VIO; US-OTC: VIORF) on the junior's Skyfall nickel project in the province's Abitibi Greenstone Belt, 150 km east of Lebel-Sur-Quevillon and 102 km south of Chapais.Under the LOI, SOQUEM has the option to acquire 50% of Skyfall and Vior will own the remainder and bec...Read More
Foran Mining (TSXV: FOM; US-OTC: FMCXF) says it will use a US$150 million loan from Sprott Resource Lending to help construct its McIlvenna Bay copper project in Saskatchewan. The funding from Toronto-based Sprott joins $200 million proposed by the Ontario Teachers' Pension Plan, which was announced in August and should be approved "in due course," Foran said in a news release on Wednesday. Th...Read More
Finland's Terrafame will start recovering natural uranium as a byproduct of zinc and nickel production at its Sotkamo mine by mid 2024.The miner, in which the Finnish state has a 67.1% stake and commodities trader Trafigura holds a 31.1% interest, is aiming to produce 200 tonnes per year by 2026, it said on Wednesday.Terrafame, formerly known as Talvivaara, intends to refine the uranium into y...Read More
Earlier this month Orezone Gold (TSX: ORE; US-OTC: ORZCF) kicked off commercial production at its open pit Bombore gold mine in central Burkina Faso, but its drills continue to explore the underlying sulphides at the mine for a larger Phase II expansion.The company is undertaking a 77,000-metre infill and expansion drill program at the mine, 85 km east of the capital city of Ouagadougou, and once...Read More
Sigma Lithium (TSXV: SGML; NASDAQ: SGML) has started commissioning the first module of the production plant - the Greentech Plant - at its 100%-owned Grota do Cirilo lithium project in Minas Gerais, Brazil.The Canadian miner said the dry module crushing circuit began operating on time and within budget, adding it expected the full plant to be up and running by February 2023.Commissioning on the...Read More
The Kingdom of Saudi Arabia is gearing up for the 2023 edition of the Future Minerals Forum (FMF), one year after the inaugural conference was held. The forum, scheduled for Jan. 10-12 in the capital Riyadh, aims to further discussions among industry players on the growing demand for critical minerals as the world seeks solutions to climate change. It also seeks to accelerate the exploration an...Read More