December 6, 2024
Energy Fuels (TSX: EFR; NYSE: UUUU) has an initial agreement with Madagascar clearing the way for a final investment decision on its $2-billion Toliara critical minerals project by early 2026. The memorandum of understanding (MOU) signed on Thursday confirms … Read More
December 6, 2024
Green technologies and sustainability-focused project strategies are helping the industry address risks earlier and build longer-lasting community ties, a London industry event heard this week. Better technologies, integrating artisanal miners and out-of-the-b … Read More
December 6, 2024
Canada’s Orla Mining (TSX: OLA) is gearing up to more than double annual gold production after it bought Newmont’s (NYSE: NEM) Musselwhite gold mine in Ontario for $850 million last month. For Orla, which currently operates the Camino Rojo mine in Mexico, ac … Read More
December 6, 2024
For decades, China has dominated critical minerals, with Canada and the US, among other nations, all too willing to let Beijing do the mining and/ or processing and sell the end-products. Fighting back But Washington has finally begun to recognize its critical … Read More
December 6, 2024
Aerial view of part of the Reefton Goldfields in New Zealand. Image from RUA Gold. When New Zealand’s new government this year introduced a fast-track approvals Bill for infrastructure and mining projects to reduce permitting from two years to six months, it u … Read More
December 6, 2024
Canada Nickel (TSXV: CNC) has drilled high grades of the critical metal at the company’s Bannockburn property, about 65 km south of Timmins, Ontario. Highlight hole BAN24-20 cut 10.1 metres grading 1.11% nickel, 0.13% copper, 0.04% cobalt, 0.318 gram palladium … Read More
December 6, 2024
SSR Mining Inc. (Nasdaq/TSX: SSRM; ASX: SSR) announced on Friday the acquisition of the Cripple Creek & Victor Gold mine (CC&V) in Colorado from Newmont (NYSE: NEM, TSX: NGT). With this acquisition, SSR is expected to become the third-largest gold mine … Read More
December 6, 2024
Torex Gold Resources (TSX: TXG) says a fatal carbon monoxide gas leak at its El Limón Guajes (ELG) underground mine in Mexico has claimed the lives of three workers. The incident, according to the Canadian miner, occurred during the December 5 day shift at ELG … Read More
December 6, 2024
Wheaton Precious Metals (TSX, NYSE: WPM) has a struck a streaming deal with Allied Gold (TSX: AAUC) for the Kurmuk gold project in western Ethiopia. Under the agreement, the Canadian streaming company will pay Allied $175 million in four equal installments. In … Read More
December 6, 2024
Management changes announced this week: Goldshore Resources welcomed Sam Gibson as VP corporate development. Kobrea Exploration named Paul Johnstone as chief geologist. M3 Metals installed Kosta Tsoutsis as president and CEO. Nickel 28 Capital said, effective … Read More
December 5, 2024
Global miners have been constantly cutting back on early-stage exploration since the early 2000s, when grassroots’ share of global budgets was at its height. But now, it has fallen to its lowest point ever, says S&P Global in its latest report. According t … Read More
December 5, 2024
France-based uranium miner Orano has lost operational control of its Somair mine in Niger in the latest move against Western miners in West Africa’s volatile Sahel region. In neighbouring Mali, Resolute Mining (ASX: RSG; LSE: RSG) is paying $180 million after … Read More
December 5, 2024
Iamgold (TSX: IMG; NYSE: IAG) shares fell Thursday after it cut 202,300 oz., or 17%, off the December 2023 Westwood Complex reserve estimate in Quebec. The downgrade follows new classification criteria and changes to the mine plan. These reflect lessons learne … Read More
December 5, 2024
Intramotev, a Missouri-based technology company building battery-electric railcar retrofits, released footage on Thursday of their TugVolt technology operating at Carmeuse Americas’ calcium mine in Cedarville, Michigan. It is the world’s first independently … Read More
December 5, 2024
LithiumBank Resources (TSXV: LBNK) said the desorption component of its first direct lithium extraction (DLE) pilot plant tests in Calgary, Alberta, has produced an average of 3,100 mg/L lithium from a composite eluate after rejection of over 99% of the impuri … Read More
December 5, 2024
Mali has issued an arrest warrant for Barrick (NYSE: GOLD, TSX: ABX) CEO Mark Bristow, Reuters reported on Thursday. Bristow is accused of money laundering and violating financial regulations, according to a warrant document dated December 2, first reported by … Read More
December 5, 2024
Ionic Rare Earths (ASX: IXR) said on Thursday it has applied for a significant capital grant from the UK government to fast track the development of its commercial-scale rare earth oxide (REO) manufacturing facility. The REO facility in Belfast, Northern Irela … Read More
December 5, 2024
A recent nationwide survey in Panama has shed light on what locals think about the potential reopening of First Quantum’s (TSX: FM) $6.5 billion Cobre Panamá copper mine, which has been shut down for over a year following a Presidential decree. The findings r … Read More
December 5, 2024
Australia’s Paladin Energy (ASX: PDN) has resumed operations at its Langer Heinrich uranium mine (LHM) in Namibia, following a planned shutdown of the mine plant in November to implement operational upgrades. Among the improvements, Paladin built an on-site wa … Read More
December 4, 2024
Omai Gold Mines’ (TSXV: OMG) shares jumped 14.3% on Wednesday after the junior reported high-grade drill results from its WeNot deposit in Guyana. Highlights from WeNot, one of two deposits at the past-producing Omai gold project, included drillhole 24ODD-085, … Read More
December 4, 2024
Drilling by Collective Mining (TSX: CNL; NYSE: CNL) at its Guayabales project in Colombia’s central Caldas department has uncovered an extension to the Apollo system, bringing the potential for major expansion growth there. Drill hole APC100-D1 cut 150.5 metre … Read More
December 4, 2024
Barrick Gold (NYSE: GOLD) (TSX: ABX) is increasing its expenditure commitment on the Pueblo Grande project by as much as 120% as it looks further explore the 71 sq. km property surrounding its Pueblo Viejo mine in the Dominican Republic. The Pueblo Grande conc … Read More
December 4, 2024
Rio Tinto (ASX, NYSE: RIO) said on Wednesday it has entered into a partnership agreement with Swedish investment company Vargas, Mitsubishi Corporation and other international and local industry partners to study a low carbon aluminum greenfield opportunity in … Read More
December 4, 2024
Drill results from Snowline Gold’s (TSXV: SGD) Valley deposit continue to deliver wide intercepts of gold mineralization from surface at its Rogue project in Canada’s Yukon Territory. Drillhole V-24-095 returned 604.5 metres grading 0.65 gram gold per tonne fr … Read More
December 4, 2024
In the coming decades, critical mineral insecurity will prompt seismic realignments of global supply chains. Initially prompted by the military concerns over sensitive materials, commercial interests may soon follow a pattern of forming more resilient supply c … Read More
December 4, 2024
Gold inched higher on Wednesday in the wake of the political turmoil in both South Korea and France, while the new US jobs data also helped to draw investors to bullion. Spot gold gained 0.3% to $2,652.74 per ounce by 11:20 a.m. ET, extending on a 0.2% rise fr … Read More
December 4, 2024
Lundin Gold (TSX: LUG) confirmed on Wednesday that the strike length of the Bonza Sur deposit has more than tripled following the latest batch of results from drilling near its Fruta del Norte mine in southeastern Ecuador. One drill hole returned a gold grade … Read More
December 4, 2024
Canadian base and precious metals miner Sierra Metals (TSX: SMT | OTCQX: SMTSF) announced on Wednesday that its Yauricocha polymetallic mine in Peru had reached full production. The underground copper-gold-silver mine is now processing ore at a throughput rat … Read More
December 4, 2024
NexGen Energy (TSX: NXE) (NYSE: NXE) (ASX: NXG) announced on Wednesday that it has signed agreements with multiple US utility companies to supply 5 million pounds of uranium. The agreements outline the delivery of 1 million pounds of U3O8 annually between 2029 … Read More
December 4, 2024
Rio Tinto (ASX, LON, NYSE: RIO) has released its initial mineral resource and ore reserve estimates for the Rincon lithium project in Argentina, marking a significant milestone in its push to become a leader producer of the battery metal. The world’s second la … Read More
December 3, 2024
Rio Tinto (ASX: RIO) on Tuesday said its second Beyond Rare Tender: The Art Series 02 delivered a strong result, which the miner attributed to the rarity of the collection, and to the appeal for scarce natural-coloured diamonds. Titled Colour Awakened, the co … Read More
December 3, 2024
Dakota Gold’s (NYSE-A: DC) step-out drilling at the Maitland gold project in South Dakota has nearly doubled the strike length of modelled Homestake mine-style gold to 1,646 metres, lifting shares during early trading Tuesday. This year’s 17,000-metre program … Read More
December 3, 2024
An updated prefeasibility study for AbraSilver Resource’s (TSXV: ABRA; US-OTC: ABBRF) Diablillos project in Argentina raises the after-tax net present value (NPV) by 51% and the internal rate of return (IRR) by 13.7%, though capital costs rose by 45% over the … Read More
December 3, 2024
Vale Base Metals, a unit of Vale SA (NYSE: VALE), announced on Tuesday that it has completed the construction and commissioning of its $2.94 billion Voisey’s Bay nickel-copper underground mine in northern Labrador. What began life as open pit in 2005 is now tw … Read More
December 3, 2024
Foran Mining (TSX: FOM) has shared a construction update for its 100%-owned McIlvenna Bay copper-zinc mine as it moves toward initial production in the fourth quarter next year. The project is located in Saskatchewan, about 65 km west of Flin Flon, Manitoba. M … Read More
December 3, 2024
Whether the incoming Trump administration will quickly follow through with 25% tariffs on imports from Canada and Mexico or whether the surprisingly stiff trade sanctions are more of a negotiating tactic won’t become clear for months. A review of the US–Mexi … Read More
December 3, 2024
First Mining Gold’s (TSX: FF) proposed Springpole gold mine has passed a key milestone following the receipt of a positive conformity determination from the Impact Assessment Agency of Canada (IAAC) for the project’s final environmental impact statement (EIS). … Read More
December 3, 2024
The Australian Renewable Energy Agency (ARENA) has announced a A$10 million grant to Fortescue (ASX: FMG) to build and test a first-of-a-kind fast charger for heavy mine site vehicles. The 6-megawatt charger, first announced in September, is currently under de … Read More
December 3, 2024
Ero Copper (TSX: ERO; NYSE: ERO) updated its Xavantina underground gold operations in central Brazil, raising proven and probable reserves by 19% and measured and indicated resources by 26% over last year’s estimates. Total proven and probable reserves across … Read More
December 3, 2024
McEwen Mining (NYSE: MUX) (TSX: MUX) announced Tuesday that the environmental impact assessment (EIA) for its Los Azules copper project has been approved by Argentina’s San Juan province, paving the way for its construction as early as 2026. Commenting on the … Read More
December 3, 2024
China on Tuesday announced an immediate ban on exports of gallium, germanium, and antimony to the United States, a day after the Biden administration imposed expanded restrictions on the sale of advanced U.S. technology to China. The decision, based on nationa … Read More
December 3, 2024
Africa-focused miner Gem Diamonds (LON: GEMD) announced on Tuesday a revised life-of-mine plan for its prolific Letšeng operation in Lesotho, alongside a two-year extension to the company’s revolving credit facilities. Gem Diamonds’ new strategy aims to enhan … Read More
December 3, 2024
President-elect Donald Trump has announced that his administration will pursue a path toward “US energy dominance”. He emphasized that “America is blessed with vast amounts of ‘Liquid Gold’ and other valuable minerals and resources,” declaring, “We will ‘DRILL … Read More
December 3, 2024
Jinteng Mining, a subsidiary of China’s Zijin Mining Group, officially became on Tuesday the new owner of Canadian miner Pan American Silver’s (TSX, NYSE: PAAS) La Arena open-pit mine and project in Peru. The deal, first announced in May, received the approval … Read More
December 3, 2024
Northern Star Resources’ (ASX: NST) $3.3 billion (A$5bn) acquisition of developer De Grey Mining (ASX: DEG) could take the growing gold producer’s annual production to as high as three million ounces per year. Newmont Corporation’s (NYSE: NEM) takeover of Aust … Read More
December 2, 2024
Global insurance technology company Value.Space, which specializes in satellite-based monitoring and risk assessment, announced Monday a collaboration to deploy satellite-based monitoring and risk profiling to support United Nations’ work to strengthen mining … Read More
December 2, 2024
Rio Tinto (ASX: RIO) and Imperial College London launched on Monday the Rio Tinto Centre for Future Materials, as part of a program to accelerate the development of new sustainable techniques and technologies needed to deliver the materials for the energy tran … Read More
December 2, 2024
Canadian junior Madison Metals (CSE: GREN) said on Monday it has acquired what it believes to be one of the country’s largest undeveloped antimony deposits in the Hemlo gold camp of Ontario. The Howells Lake project comprises nearly 140 sq. km of mineral claim … Read More
December 2, 2024
The World Gold Council (WGC) is skeptical about China’s Nov. 21 claim of discovering a $83 billion gold deposit in the southeastern province of Hunan. The Geological Bureau of Hunan Province said it had found more than 1,000 tonnes of gold (35.2 million oz.) b … Read More
December 2, 2024
The SkeenaWild Conservation Trust and Southeast Alaska Indigenous Transboundary Commission (SEITC) have filed a petition against Seabridge Gold‘s (TSX: SEA; NYSE: SA) KSM copper-gold mine, the latest objection to the project in one week. This petition alleges … Read More
