South America divided on coronavirus measures
South American countries have taken varying approaches to containing the spread of COVID-19, ranging from leaving it to states and cities to handle the virus to implementing aggressive lockdowns and…
Copper
Far North Snapshot: Eight companies exploring the frontiers
As existing deposits and mines are advanced, companies are looking for new frontiers to secure their long-term production and growth. The northern portion of this continent, with favourable geology, relative…
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…
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…
First Cobalt stakes claims near Iron Creek in Idaho
First Cobalt (TSXV: FCC; US-OTC: FTSSF) has staked new claims to the west of its Iron Creek cobalt-copper project in Idaho – increasing its landholdings by 50%. The 43 new claims…
TSX Venture rises, April 13-17: Abitibi Royalties, Adventus Mining, Falcon Gold
The S&P/TSX Venture Composite Index rose 1.76% to finish the trading week at 444.87. Spot gold finished at US$1,686.50 per oz., a gain of 0.05%, and the S&P/TSX Global Gold…
US markets rise, April 13-17: Yamana, Iamgold, Hecla
The Dow Jones Industrial Average rose 2.21%, or 523.12 points, to 24,242.49 during the April 13-17 trading week, and the S&P 500 advanced 3.04%, or 84.74 points, to 2,874.56. Spot…
TSX rises, April 13-17: Agnico, Barrick, Wheaton, Amerigo, B2Gold
The S&P/TSX Composite Index rose 1.37%, or 193.30 points, to finish the April 13-17 trading week at 14,359.90. The S&P/TSX Global Mining Index rose 3.92% to 77.47, while the S&P/TSX…
Rio Tinto lowers copper target; flags issues at Oyu Tolgoi
Rio Tinto (NYSE: RIO; LSE: RIO) signalled on Friday a recovery in China’s economy, as it reported improved shipments of iron ore to the country, but the company cut its…
American Pacific acquires Madison with Rio Tinto as partner
For a junior exploration company with a market capitalization of $3 million, the prospect of acquiring a gold project with a past producing mine in the U.S., where Rio Tinto…
Chile court looks at alleged Escondida breaches
A Chilean environmental court will look into the State Defence Council’s (CDE) allegations that the Escondida copper mine, the world’s largest, has caused “irreparable damage” to the Punta Negra salt…
Palladium One lays groundwork for massive sulphide project in Finland
Palladium One Mining (TSXV: PDM) has extended the Kaukua South zone anomaly at its flagship Läntinen Koillismaa (LK) PGE-nickel-copper project in north-central Finland. “Reconnaissance drilling carried out by previous owners…