Across the world, frustration is growing among silver market participants resulting from the price action over...by David Morgan of The Morgan ReportAcross the world, frustration is growing among silver market participants resulting from the price action over the past two years (2020 - 2022).During this period, extraordinary monetary and fiscal stimulus in response to the COVID-19 pandemic, supply...Read More
The ongoing drill program continues to intersect multiple zones of mineralization at depth along a strike length of 1500 meters, reinforcing the underground expansion potential below the plannedRead More
Highlights included 150.9m grading 3 grams per tonne gold, 3.16g/t silver and 0.15% zinc from surface in the first hole. "Results from [hole 1] largely speak for themselves.Read More
Elder Creek consists of 577 unpatented mining claims in Humboldt and Lander counties and is prospective for porphyry copper mineralisation. Rio will be the operator under the agreement.Read More
The binding agreement follows the firms' announcement on September 1 that they had reached an agreement in principle for Rio Tinto to purchase the 49% stake it does not already own in Turquoise HillRead More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDSun shines on Saturn MetalsSPONSOREDsaturn metalsTrue enough, the kingdom has introduced valuable reforms in the last two years designed to incentivise foreign miners to open up the sector and cut its reliance on revenue from hydrocarbons.Read More
RAPAPORT PRESS RELEASE, September 6, 2022, Las Vegas... Diamond prices declined in August, reflecting caution in the trading centers and weakness in China. The US is supporting the market with solid demand from retail programs and steady memo calls from independent jewelers. The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds fell 3.6% in August. It was up 0.8% from the beginning of the year...Read More
RAPAPORT... De Beers has temporarily stopped work at the Gahcho Ku?(C) mine in Canada following the death of an employee at the site."We are deeply saddened to confirm that an employee...succumbed to injuries sustained in an incident at Gahcho Ku?(C)," the miner said last week. "The circumstances around what happened are under investigation by the appropriate authorities. All nonessential work at...Read More
(IDEX Online) - Kyrgyzstan, the former Soviet republic, and one of the world's poorest countries, says it has diamond deposits.The central Asian nation has never before reported diamond deposits. In 2020 it imported a negligible $61,000 of diamonds, primarily from UAE.Kanatbek Madumarov, the Kyrgz Director of Precious Metals Department, said the geological explorations were ongoing, but noted...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDThe company ended the June quarter with US$21.1 million in cash and a $40 million working capital deficit.Read More
Centerra's board and executive search firm will look for a long-term replacement for Perry who has also resigned from him position as a director of the firm.Read More
"This is an extremely frustrating development where we have been seeking clarification from the authorities since the new board became aware of the issue in June," Caerus CEO Charles Long said.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 23 points in pre-opening trade.Bed Bath & Beyond dropped $1.21 to $7.42 on news that the company's Chief Financial Officer died by suicide.Discover Financial slipped $0.28 to $99.25 after JP Morgan downgraded the stock from Overweight to Neutral.FedEx dropped $3.32 to $205.40 after Citigroup downgraded the stock fr...Read More
This week's episode features Northern Miner podcast host Adrian Pocobelli on mining stories from around the world, including new smelter shutdowns in Europe, warnings from Taiwan, Chinese gold buying, opportunities for Canada, joint ventures between mining companies and automakers, and a surprising amount of tragedies at mines. All this and more with host Adrian Pocobelli.Music Credits:"Rattl...Read More
A newly released assessment of global tailings management facilities (TMFs) data paints a jarring picture showing that relative to global mine production, there has been no improvement in the rate of significant failures, according to watchdog World Mine Tailings Failures (WMTF).According to data released for the first time on Tuesday, the rate was constant at 0.09 failures per billion tonnes of p...Read More
An investigation is underway at the Gahcho Ku?(C) Mine site in the Northwest Territories following the death of a worker in an accident there on Thursday.Inspectors from the territorial Workers' Safety and Compensation Commission (WSCC) are at the diamond mine and have started their investigation, WSCC communications officer Shannon Moore told The Northern Miner in an email.It was not known when o...Read More
Chile's national mining association SONAMI has welcomed the weekend rejection of the proposed new constitution for the world's number-one copper producer, sending lawmakers back to the drawing board to create a more inclusive document prioritizing the country's unity.Chileans overwhelmingly rejected the proposed new constitution during a referendum on Sept. 3, handing left-leaning President Gabrie...Read More
NioCorp Developments' (TSX: NB; US-OTC: NIOBF) demonstration-scale processing plant in Quebec has started processing ore samples from the company's Elk Creek critical minerals project in Nebraska. The plant is intended to demonstrate that the company can extract and separate rare earth elements from ore mined at the project, and that its simplified process for producing niobium, scandium and titan...Read More
Centerra Gold (TSX: CG; NYSE: CGAU) said on Tuesday it had named director Paul Wright as interim president and chief executive to replace Scott Perry, without providing reasons for the sudden change at the top.The company said Perry, who led Centerra for seven years, had also resigned as a director of the company and will not be nominated for election at its upcoming annual meeting by the end of S...Read More
O3 Mining (TSXV: OIII; US-OTC: OIIIF) has completed a prefeasibility study for its 100% owned Marban gold project, demonstrating its potential to become the next gold producer in the mining region of Val-d'Or, Que.The study showed robust project economics including a post-tax net present value (at 5% discount rate) of $463 million and post-tax unlevered internal rate of return of 23.2%. The report...Read More