Wheaton Precious Metals, (TSE: WPM) one of the largest precious metals streaming companies in the world, announced record gold production and sales in 2018 and declared a $0.09 per share first quarter dividend for 2019 on Wednesday. In the fourth quarter of 2018, Wheaton generated almost $110 million in operating cash flow, bringing total operating cash flow… Read More
Chalice Gold Mines has filed an amended 43-101 report on SEDAR for its East Cadillac gold project. The property is 35 km east of Val d’Or, on the prolific Cadillac-Larder Lake fault. The amended report includes non-material changes requested by the Ontario Securities Commission, and the resource estimated made in the original report dated Feb.… Read More
South Africa’s labour court ruled on Wednesday that the extension of a wage agreement to cover all gold unions and non-unionised employees of mining group Sibanye-Stillwater is valid and lawful, the miner said. Sibanye had in December extended the agreement, reached the previous month with the National Union of Mineworkers, UASA and Solidarity, to all… Read More
Energy and resources open innovation platform Unearthed joined forces with Adelaide-based OZ Minerals to launch the Explorer Challenge, a competition that brings together data scientists, geoscientists and mining professionals to create machine learning-based mining solutions. Competitors who achieve the goal of predicting the next big mineral deposit in South Australia using real geoscientific data and… Read More
Researchers at Australia’s Curtin University announced that they are working on a project to develop a new fingerprinting tool capable of delving deeper into the Earth’s rock layers. In a press release, the scientists said the mechanism promises to be crucial for the country’s mining and petroleum sectors because it will enhance their understanding of… Read More
After almost three years since the contentious referendum to leave the European Union, the United Kingdom is still in gridlock over exactly how it will happen—even with less than 10 days until planned separation. A “no deal” Brexit is the best scenario for free-market advocates, says Tom Colsy, president and founder of the University of… Read More
Equinox Gold has boosted resources at its Aurizona gold mine in northeastern California and reserves and resources at its Mesquite gold mine in California. Since the end of 2017 the company has increased its reserves 470% to 5.5 million oz. gold. The company updated Aurizona’s resource with 13,635 metres of infill and step out drilling… Read More
Wolfden Resources’ (CVE: WLF) stock was up nearly 6% on Tuesday, after Kinross Gold (TSE: K) acquired 12.5 million shares at $0.20 a share —a $2.5 million investment — for a 9.7% stake in the junior exploration company. The two companies will form of a committee to explore Wolfden’s 100%-owned Pickett Mountain volcanogenic massive sulphide… Read More
Montreal-based Beauce Gold Fields (CVE: BGF) has told investors that it is presently conducting a high resolution mobile electromagnetic (TDEM) survey using a new Russian technology. The survey is examining the Rang St-Gustave Road in St-Simon-les-Mines, located in the Beauce region of southern Quebec. The new technology measures electrical chargeability (induced polarization) and electrical conductivity… Read More
Endeavour Mining Corp. of London has poured its first doré bar from its Ity carbon-in-leach project four months earlier than planned and well under its $412 million budget. The bar contains about 1,800 oz. of gold. The CIL plant is already running at its 4 million t/y capacity following the quick ramp up. Commercial production… Read More
Some important pieces of the US economic reports, including the latest nonfarm payrolls, have disappointed recently. May indicators (including the leading ones) have hit a soft patch it seems. Will that push the Fed to downgrade its dot-plot or fine-tune the monetary policy mix anyhow? Can gold jump in reaction to the Wednesday’s FOMC policy… Read More
One of last year’s best-performing hedge funds says the “trade of the century” is to buy gold and sell stocks as risk assets are due for another meltdown. It’s only a matter of time until the bearish bet pays off big, according to Crescat Capital LLC. While the Denver-based firm has only about $50 million… Read More
The U.S. Treasury on Tuesday imposed sanctions on Venezuela’s Minerven state gold mining company which it says illicitly props up the regime of President Nicolas Maduro. Minerven, whose full name is Compania General de Mineria de Venezuela CA, and its president, Adrian Antonio Perdomo Mata, are now designated under the Office of Foreign Assets Control,… Read More
Ecuador has tethered its economic fortunes to a burgeoning mining industry. Now it just needs to get bureaucrats and community leaders on board. Local opposition and red tape are hindering plans to become a mining superpower that can rival other South American nations. Less than two years ago the government hoped mining would become 4… Read More
Chilean miner Antofagasta Plc. (LON:ANTO) expects the anticipated global copper deficit to hit between 100,000 and 300,000 tonnes this year as consumption growth remains positive, but production increases continue to be minimal. Releasing the company’s annual results, chief executive Iván Arriagada also revealed that the first phase of a planned expansion at its flagship Los… Read More
TerraX Minerals of Vancouver has traced mineralization from the former Giant gold mine in Yellowknife onto its own TerraX target zone in the Barney Deformation Corridor (BDC). Relogging and sampling of 1,579 metres of historical drill core led the company’s geologists to believe mineralization in the old cores is adjacent to historical high grade assays… Read More
Apex Resources has confirmed a 1.5 km by 150 metre gold in soil anomaly at its Ore Hill gold property near Salmo, B.C., after compiling historic and modern data on the project. The data base includes 90 rock samples taken by past operators between 2016 and 2018 grading as high as 119 grams per tonne… Read More
Tanzania has ordered all mineral-producing regions in the East African nation to set up government-controlled trading centres by the end of June, accelerating efforts to curb illegal exports of gold and other precious minerals. The trading centres will give small-scale miners direct access to a formal, regulated market where they can go and directly trade… Read More
Mark Bristow taking over the leadership of Barrick Gold Corp. facilitated negotiations with Tanzania about a multibillion-dollar tax dispute that could be resolved by May, the country’s attorney general said. Barrick unit Acacia Mining Plc has been at odds with Tanzania’s government since July 2017, when the state handed it a $190-billion tax bill, saying… Read More
Kyrgyz gold producer Chaarat (AIM:CGH) and Turkish mining and mine construction contractor Çiftay İnsaat Tahhüt ve Ticaret signed today a binding term sheet to enter into a joint venture with the idea of collaborating on the Tulkubash and Kyzyltash projects in the Kyrgyz Republic. In a press release, the companies explained that even though they… Read More