A new Executive Order signed by President Joe Biden today gives Treasury the authority to target certain persons that operate or have operated in the gold sector of the Nicaraguan economy.Read More
It has typically been seen as too far, too prohibitive and too costly to explore there.Read More
Cerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldTENDER FOR THE EXPLOITATION OF THE BAUXITE BLOCK OF SANTOU (TELIMELE), GUINEASPONSOREDcenter for mining promotion and development (cpdm)OREN driving tailings facility operators to be proactive in managing riskSPONSOREDorenExcitement as Alma Metals raises funds for more copper exploration SPONSOREDalma metalsUnsaid, but wide open t...Read More
RAPAPORT... Watchmaker Breitling plans to create "end-to-end traceability" for its entire product portfolio by switching exclusively to lab-grown diamonds and artisanally mined gold over the next few years.The company will feature synthetic stones produced by Fenix Diamonds in India and accredited by SCS Global Services, Breitling said last week. The watchmaker will use only lab-grown in its timep...Read More
(IDEX Online) - A huge pink diamond weighing 170.2 carats is to be sold next month at a rough tender by Sodiam, Angola's state-owned diamond trading company.The stone, named the Lulo Rose (pictured), was recovered by the Australia-based miner Lucapa and is believed to be the largest pink diamond found in the last 300 years.There is speculation that as a polished gem it could sell for as much...Read More
(IDEX Online) - Gemfields has halted operations at its Montepuez ruby mine, in Mozambique, and evacuated the site after an attack on a nearby facility by rebels.Thousands of people have died since the start of the brutal Cabo Delgado conflict in October 2017, aimed at establishing an Islamic state in Mozambique.Gemfields said in a statement that "an attack attributed to insurgent activity has been...Read More
The company said it is determined to take "all necessary steps to defend its legal rights", including taking the matter to the International Chamber of Commerce in Paris and Geneva.Read More
Cerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldTENDER FOR THE EXPLOITATION OF THE BAUXITE BLOCK OF SANTOU (TELIMELE), GUINEASPONSOREDcenter for mining promotion and development (cpdm)OREN driving tailings facility operators to be proactive in managing riskSPONSOREDorenExcitement as Alma Metals raises funds for more copper exploration SPONSOREDalma metalsThe company said a team...Read More
The work included lining and improving the existing Hennessy Creek diversion channel around the Northwest Bradley waste rock dumps to prevent leakage into the dumps and the resulting uptake of metals,Read More
Cerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldTENDER FOR THE EXPLOITATION OF THE BAUXITE BLOCK OF SANTOU (TELIMELE), GUINEASPONSOREDcenter for mining promotion and development (cpdm)OREN driving tailings facility operators to be proactive in managing riskSPONSOREDorenExcitement as Alma Metals raises funds for more copper exploration SPONSOREDalma metalsThe deal was sweetened...Read More
Melvin was most recently vice president, corporate development for Arizona-headquartered Freeport-McMoRan.Read More
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
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
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 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
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
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
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 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 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