October 21, 2024
Calibre Mining (TSX: CXB) shares fell after the company cut its gold production forecast by over 18% and raised the cost estimate of the Valentine project in Newfoundland by 14%. The Americas-focused mid-tier gold miner cut its full-year production forecast to … Read More
October 21, 2024
Northern Graphite (TSXV: NGC), the continent’s only graphite producer, plans to around double production capacity at its Lac des Iles plant in Quebec to meet higher demand for the battery metal sourced outside of China. The company is moving up a planned two-m … Read More
October 21, 2024
Quebec-focused NuVau Minerals aims to go public this month, a move it says will help it access provincial government support for exploration and development of its past-producing Bracemac McLeod copper-zinc project in the Matagami camp. The company already has … Read More
October 21, 2024
For the first time, Fireweed Metals (TSXV: FWZ) has included germanium and gallium byproducts with the latest resource estimate for its MacMillan Pass (Macpass) zinc-lead-silver project in eastern Yukon. The estimate shows 614,800 kg germanium and 412,900 kg g … Read More
October 21, 2024
Sitka Gold (TSXV: SIG) says new assays showing mineralization at depth “significantly” expand the Blackjack deposit at its RC project in the Yukon. Drill hole DDRCCC-24-068 returned 678.1 metres grading 1.04 grams gold per tonne starting from surface, includin … Read More
October 21, 2024
Shares of Endeavour Silver (NYSE: EXK; TSX: EDR) rose on Monday as the company announced that its new Terronera mine in Jalisco state, Mexico, has surpassed 77% completion. According to the company, surface mill and infrastructure construction have reached 90% … Read More
October 21, 2024
Excelsior Mining (TSX: MIN; OTCQB: EXMGF) has received all permits to commence operations at the Johnson Camp copper mine in southeast Arizona. According to the company, the first copper production is anticipated in H1 of 2025. The Mined Land Reclamation Plan … Read More
October 21, 2024
Canadian mining entrepreneur Rob McEwen has upped his holdings in Inventus Mining (TSXV: IVS) through the participation in the gold junior explorer’s latest private placement financing to support its ongoing exploration in Ontario. In total, McEwen, through hi … Read More
October 21, 2024
Canada’s Taseko Mines (TSX, LON: TKO) (NYSE MKT: TGB) announced on Monday that construction at its Florence copper project in Arizona is almost 40% complete, on track for first production by the fourth quarter of 2025. Since construction began earlier this yea … Read More
October 21, 2024
The construction camp at Ascot Resources’ Premier gold project in B.C. Credit: Ascot Resources Ascot Resources (TSX: AOT) said on Monday it plans to raise at least C$40 million ($29 million) to get its Premier gold project in British Columbia’s Golden Triangle … Read More
October 21, 2024
Heavy Rare Earths (ASX: HRE) plans to acquire Havilah Resources’ (ASX: HAV) Radium Hill, Lake Namba-Billeroo, and Prospect Hill uranium projects in northeastern South Australia. The rare earths company has agreed to purchase an 80% interest in these three proj … Read More
October 21, 2024
BHP (ASX, NYSE: BHP) faces a potential $47 billion payout in damages over the 2015 Mariana Dam disaster in Brazil, believed to be country’s most catastrophic environmental incident, as a lawsuit against the miner kicked off on Monday in London’s High Court. Th … Read More
October 19, 2024
Greenheart Gold (TSXV: GHRT) shares gained 10.5% Friday after it said it had closed a C$36 million ($26 million), upsized private placement to fund exploration at its projects in the Guiana Shield. The company was spun out in July from G Mining Ventures (TSX: … Read More
October 19, 2024
Graphite One (TSXV: GPH) has been earmarked for a potential $325 million financing from the Export-Import Bank of the United States (EXIM) to support its production of battery anode materials. The funding, if approved, would be made through the EXIM’s “Make Mo … Read More
October 18, 2024
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) faces a crucial test this month in Serbia as leaders of a small town vote on whether to allow Europe’s largest lithium project, the $2.4 billion capex Jadar. The council of Loznica, population around 20,000 about 100 k … Read More
October 18, 2024
Over the past decade, resource misclassification has saddled the mining industry with a costly problem. It’s one Guy Desharnais, Osisko Gold Royalties’ (TSX: OR; NYSE: OR) vice-president for project evaluation, calls “classification debt.” Explorers and develo … Read More
October 18, 2024
An agreement establishing the total amount miners Vale (NYSE: VALE), BHP (ASX: BHP) and their joint venture Samarco must pay to compensate damages associated with the collapse of the Mariana dam is expected to be signed on Oct. 25, sources told Reuters on Frid … Read More
October 18, 2024
As Barrick Gold (TSX: ABX; NYSE: GOLD) expands its copper exposure, CEO Mark Bristow says he’s “super excited” about the company’s Reko Diq copper-gold development in Pakistan. “This is like the early days in Chile, the Escondida discoveries and so on,” he sai … Read More
October 18, 2024
Newmont, (NYSE: NEM, TSX: NGT) the world’s biggest gold miner, announced Friday that Newmont Peñasquito and the National Union of Mining, Metallurgical, Steel, and Similar Workers of Mexico have agreed on a new Collective Bargain Agreement for 2024-2026. The … Read More
October 18, 2024
West Red Lake Gold Mines (TSXV: WRLG) is set to raise approximately C$73 million ($53 million) to help fund the proposed restart of its Madsen mine in Ontario, which it says remains on track for production in 2025. The funding comprises a $35 million (approxim … Read More
October 18, 2024
Sibanye-Stillwater (JSE: SSW and NYSE: SBSW) announced on Friday that its Century operation in Queensland has been suspended due to a regional bushfire. The company expects operations at its zinc project in Australia to remain suspended until mid-November. Whi … Read More
October 18, 2024
Cornish Lithium has opened the UK’s first low-emission lithium hydroxide demonstration plant as part of its Trelavour Hard Rock project in Cornwall. The project aims to produce 10,000 tonnes per year of battery-grade lithium hydroxide by 2027. When combined wi … Read More
October 18, 2024
Vale (NYSE: VALE) will hold a public hearing at the end of October as part of the process to advance its $500 million Bacaba copper project in Brazil’s northern state Pará. The company’s plan is to replace production from the depleting Sossego open pit mine wi … Read More
October 18, 2024
Turkey and China have signed a memorandum of understanding (MOU) to advance the nations’ cooperation in all areas of mining, with a particular focus on critical minerals such as rare earth elements. China currently dominates the world’s supply of rare earth el … Read More
October 18, 2024
Management changes this week: Big Red Mining named Jim Atkinson as CEO and president. Gladiator Metals asked Olav Langelaar to be its VP corporate development. Gold Candle named Dean Crick its new VP exploration. Gold79 Mines named Quentin Mai as president. He … Read More
October 18, 2024
BHP (ASX, LON, NYSE: BHP) has been forced to halt operations at its Olympic Dam copper-gold mine on Friday after severe electrical storms damaged critical transmission infrastructure in northern South Australia, local media reported. The storms, which lashed … Read More
October 17, 2024
Liebherr and Fortescue unveiled the very first autonomous battery-electric T 264 haul truck last month at MINExpo in Las Vegas. This truck represents the culmination of years of hard work and the joining together of the autonomy and zero emission arms of the L … Read More
October 17, 2024
Wesdome Gold Mines (TSX: WDO) reaffirmed on Thursday that the company remains on track for a record year of production following the release of its third quarter operational results. Its stock rose 2.7% by 2:15 p.m. in Toronto, for a market capitalization of C … Read More
October 17, 2024
Gold set a record high on Thursday as uncertainty surrounding the US election and rising Middle East tensions prompted higher demand for safe-haven assets, while easing monetary policy environment also kept prices elevated. Spot gold hit an all-time high of $2 … Read More
October 17, 2024
While it has long been established that gold’s safe-haven status can help to manage portfolio risk, explaining its contribution to actual portfolio returns remains a complex exercise. According to a new study by the World Gold Council (WGC), existing models fo … Read More
October 17, 2024
Uranium Energy (NYSE: UEC) shares rose on Thursday after the company received approval from the Wyoming Department of Environmental Quality to increase the licensed production capacity at its Irigaray central processing plant to 4 million pounds (lbs) of U3O8 … Read More
October 17, 2024
Equinox Gold (TSX: EQX) (NYSE American: EQX) said on Thursday it is expecting lower-than-forecasted output this year from its new Greenstone gold mine to reflect its ramp-up progress towards commercial production. Since its first gold pour in May, the mine loc … Read More
October 17, 2024
Europe-focused Adriatic Metals (ASX: ADT) (LON: ADT1) has officially announced the appointment of Laura Tyler as its managing director and chief executive officer (CEO). Tyler, who has been with Adriatic since July 2024 as a non-executive director, took on the … Read More
October 17, 2024
Cornish Metals (LON, TSX-V: CUSN) has received a £7 million (around $9 million at today’s rate) credit facility from its shareholder Vision Blue Resources, to help it reopen the South Crofty tin mine in southwest England. The Canadian explorer and developer, w … Read More
October 16, 2024
A minority group of shareholders in Blue Moon Metals (TSXV: MOON; US-OTC: BMOOF), which holds a first-resource-stage zinc-silver project in California, says its CEO issued defensive stock offerings that destroyed an estimated C$8 million in stock value. The la … Read More
October 16, 2024
Alaska Energy Metals (TSX-V: AEMC, OTCQB: AKEMF) announced Wednesday it plans to carry out a hydrogen soil gas survey over a portion of its Angliers-Belleterre project in the Canadian province of Quebec. The Angliers property consists of 454 claims covering … Read More
October 16, 2024
Atlas Materials, which has developed a waste-free technology to process low-grade nickel for use in electric vehicle batteries, has signed of a memorandum of understanding (MOU) with 6K Energy producer of Li-ion battery materials, to jointly explore processing … Read More
October 16, 2024
NEGx Minerals (TSX: NGEX) has announced the sale of approximately 15.9 million shares priced at $11 each for gross proceeds of C$175 million ($127m). The private placement was upsized from C$100 million earlier following increased investor demand. Net proceeds … Read More
October 16, 2024
Shares in Lithium Americas (TSX: LAC; NYSE: LAC) jumped by 20.2% on Wednesday after it announced anew, $625 million joint venture agreement with General Motors for its Thacker Pass project in northern Nevada. Under the deal that the developer calls the largest … Read More
October 16, 2024
Gold closed in on another record high Wednesday with the metal getting a boost from weaker US bond yields and expectations of more rate cuts by major central banks. Spot gold inched 0.3% higher at $2,668.82 per ounce by 12:40 p.m. ET, having touched as high as … Read More
October 16, 2024
Aclara Resources (TSX: ARA) has completed a conceptual engineering study focused on producing high-purity rare earth elements. The separation flowsheet, developed in collaboration with the Saskatchewan Research Council, is based on solvent extraction of key el … Read More
October 16, 2024
Barrick Gold (TSX: ABX; NYSE: GOLD) is arguing in an Ontario court that allegations of human rights abuses in Tanzania should be decided in that country instead, with local police and a subsidiary of the Toronto-based major as defendants. “The plaintiffs are e … Read More
October 16, 2024
GoviEx Uranium (TSXV: GXU) said on Wednesday it has positive results from metallurgical test work for the Muntanga project in Zambia, which is the company is advancing towards the feasibility stage. The results showed a significant increase in uranium recovery … Read More
October 16, 2024
Eramet shares plunged nearly 19% on Wednesday after the company cut its 2024 production targets for its manganese mine in Gabon and nickel mine in Indonesia, the group’s two biggest mining operations. Eramet announced the lowered forecasts late on Tuesday, cit … Read More
October 16, 2024
De Beers Group and Signet Jewelers are putting a modern twist on tradition with their new campaign, “Worth the Wait”, aimed at reigniting demand for mined diamonds amid increasing competition from man-made ones. Targeted to Zillennials, the microgeneration bo … Read More
October 16, 2024
Chilean miner Antofagasta (LON: ANTO) reported on Wednesday a 15% increase in copper production for the three months to the end of September, driven by destocking of inventories at Los Pelambres and an increase in copper grades and recoveries at Centinela. Cop … Read More
October 15, 2024
MINING.com’s Devan Murugan on left, EY’s Theo Yameogo on right. Image: The Northern Miner Group. With the clean energy transition well underway and demand for critical minerals skyrocketing, mining companies are facing an astounding $1 trillion funding gap as … Read More
October 15, 2024
A new human rights ranking of the Electric Vehicle (EV) industry conducted by Amnesty International reveals how the world’s leading EV manufacturers are demonstrating, (and not demonstrating) how they address human rights risks in their mineral supply chains. … Read More
October 15, 2024
Infill drilling by Blackrock Silver (TSXV: BRC) at its Tonopah West project in southwest Nevada has expanded and confirmed the continuity of high-grade gold and silver in the one of the shallowest parts of the resource. Its shares rose 8.1%. Highlight holes in … Read More
October 15, 2024
FPX Nickel (TSXV: FPX) has successfully completed pilot-scale hydrometallurgy test work at its nickel refinery by producing battery-grade nickel sulphate (NiSO4). The company is intent on building North America’s largest such refinery with the capacity to prod … Read More
