Vale cuts production guidance again
Brazil’s Vale (NYSE: VALE), the world’s top iron ore producer, has once again lowered its production forecast for 2020 due to a mix of factors including heavy rain, unplanned outages…
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Mexican union wants mining operations to resume
Most economic activities were halted in Mexico in late March due to the COVID-19 pandemic, but the deputy secretary of work at the national level for the Confederation of Mexican…
Global Atomic completes study on Dasa in Niger
Global Atomic (TSX: GLO; US-OTC: GLATF) has completed a preliminary economic assessment (PEA) for the first phase of a larger underground mine at its Dasa uranium deposit in the Republic…
Marathon Gold expands Berry zone at Valentine
Marathon Gold (TSX: MOZ) has released results of 16 diamond drill holes, which extend the strike length of the Berry zone to 350 metres. The drilling targeted both the Berry…
Quebec mines deemed an essential service
With Quebec Premier François Legault’s announcement on Monday declaring mining operations in the province an essential service, mines will be allowed to start back up on April 15, with additional…
Hochschild Mining withdraws dividend
Hochschild Mining (LSE: HOC) has become the third major mining company to suspend its dividend due to the COVID-19 pandemic. The Peru-focused gold mining company’s announcement follows Glencore’s (LSE: GLEN)…
Fiore grows resource, completes study at Gold Rock
Fiore Gold (TSXV: F; US-OTC: FIOGF) has completed a preliminary economic assessment (PEA) for its Gold Rock project in Nevada and provided an updated mineral resource estimate and a base…
O3 Mining expands zones at East Cadillac
O3 Mining (TSXV: OIII) has released drill results from four zones at its East Cadillac property, 40 km east of Val d’Or, Quebec. The drilling targeted new areas of mineralization…
BofA forecasts 4.7M tonne aluminium surplus
Bank of America Securities estimates global demand for aluminium will fall by 7.2% year-on-year in 2020 while supply will likely increase by 2%. Prices for the metal already have plunged…
Gold climbs to highest level since 2012
The gold price rallied again on Thursday, as investors sought a store of value after the Fed said it was pumping an additional US$2.3 trillion in the US economy to…
Gold ETFs hit record high in Q1
Global gold-backed exchange-traded funds (ETFs) had US$23 billion, or 298 tonnes, of net inflows, in the first quarter of 2020 – the highest quarterly amount ever and the largest tonnage…
Rio Tinto maintains dividend, discloses taxes
Rio Tinto (NYSE: RIO; LSE: RIO) Chairman Simon Thompson told shareholders the company will proceed with a dividend payment announced in February of $2.31 per share, or $3.7 billion, and…