Gold market balanced in 2019, World Gold Council says
This is an edited summary from the World Gold Council, based on its “Gold Demand Trends Full Year and Q4 2019” report. To access the report, visit www.gold.org. Gold demand…
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Agnico Eagle takes strategic stake in Rupert Resources
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) is taking a 9.9% stake in Rupert Resources (TSXV: RUP) and the junior’s flagship Pahtavaara gold project, located 50 km away from Agnico’s…
AngloGold Ashanti sells South African assets to Harmony Gold
AngloGold Ashanti (NYSE: AU) is selling its assets in South Africa to Harmony Gold (NASDAQ: HMY) in a deal worth about US$300 million. Harmony Gold has nine underground operations in…
The Northern Miner Podcast – episode 173: How Agnico Eagle grew from a regional to a global gold producer, ft. Eberhard Scherkus
This episode features the induction of the Eberhard (“Ebe”) Scherkus to the Canadian Mining Hall of Fame. The ceremony took place at the Metro Convention Centre in Toronto on Jan….
Excelsior optimizes Gunnison ahead of first copper in Q2
Excelsior Mining (TSX: MIN) announced in early February that it is fast-tracking a production optimization program, based on data collected at its Gunnison in-situ recovery copper mine in Arizona. “These…
US Snapshot: Eight companies active across the nation
The U.S. is host to a number of enviable mining jurisdictions, both in terms of geological endowment and investment attractiveness. Nevada is perhaps most well-known, with Alaska a close runner-up….
Glencore signs five-year cobalt deal with Samsung
Miner and commodities trader Glencore (LSE: GLEN) has signed a five-year deal to supply South Korean battery manufacturer Samsung SDI with up to 21,000 tonnes of cobalt amid an expected…
Coronavirus to hit demand for commodities, economists say
Uncertainty over the coronavirus outbreak — which has sickened 43,103 people in 25 countries and left 1,018 people dead (all but two of them in mainland China) — has economists…
BeMetals looks to development path in Idaho
Since B2Gold (TSX: BTO; NYSE: BTG) launched BeMetals (TSXV: BMET) two years ago as a base-metals-focused junior, the company has picked up a development-stage zinc-silver project in southwestern Idaho called…
Bluestone secures US$30M, names Jack Lundin CEO
Bluestone Resources (TSXV: BSR; US-OTC: BBSRF) has entered into a US$30 million credit facility led by the French financial services firm Natixis. “We were very pleased to receive support from…
Banro to sell Namoya mine in DRC on security concerns
Banro (TSX: BAA) will put its Namoya gold mine in the Democratic Republic of Congo (DRC) up for sale at a significant discount after repeated attacks from armed rebels forced…
Coronavirus and copper: Don’t expect small SARS-like impact
The copper price continued to recover on Thursday as investors bet on a quick bounce in economic activity in China once the viral outbreak is brought under control. After bottoming…