Gold price hits new record high
Gold pushed to a record $3,728 per oz. on Monday before easing about $10 an oz. as investors piled into exchange-traded funds, extending a rally that resumed after last week’s…
Platinum Group Metals
Friedland sells 4% of Ivanhoe to Qatar for $500M
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has agreed to a $500-million investment from Qatar that gives its sovereign wealth fund 4% of the Canadian copper miner founded by billionaire Robert Friedland….
Anglo sells rest of Amplats
Anglo American (LSE: AAL) sold its final stake in Valterra Platinum (JSE: VAL), formerly Anglo American Platinum (Amplats), as part of restructuring it began last year. The deal for the…
Magna cuts 2.3% nickel near Sudbury
Magna Mining (TSXV: NICU; US-OTC: MGMNF) is reporting more strong assays from drilling at its historic Levack nickel-copper mine near Sudbury, Ont., reinforcing the high-grade potential of the footwall deposit…
Trump move means more pollution not platinum price fall: analyst
The Trump administration’s alleged bid to get rid of greenhouse gas emissions standards might see more impact on pollution than platinum after its price has jumped almost 50% this year,…
Video: Bravo eyes PFS for $1.2B nickel-platinum mine
Bravo Mining’s (TSX.V: BRVO, US-OTC: BRVMF) Luanga nickel-platinum project in Pará, Brazil, has a solid investment case, president Simon Mottram says in a new video interview. A preliminary economic assessment…
Implats to shut Ontario mine
Impala Platinum (JSE: IMP; US-OTC: IMPUY), widely known as Implats, is shutting its mine in northern Ontario next May because of low palladium prices, a company spokesperson confirmed. The closure…
Generation Mining hits 20-month high
Generation Mining (TSX: GENM, US-OTC: GENMF) shares nearly hit a two-year high Friday as it spotlighted Ontario government support for its $990-million capex Marathon copper-palladium project. Located 300 km east…
Ontario First Nations slam mining-focused Bill 5
Environmental groups and some First Nations oppose Ontario’s Bill 5 to boost mining despite changes by Premier Doug Ford who calls it an opportunity of a lifetime. The proposed law,…
Platinum seems near price surge: Sprott
Platinum may be on the cusp of a sustained price rise amid forecasts for reduced inventories and a third straight year of supply scarcity, Sprott Asset Management says in a…
Anglo American’s platinum spinoff debuts as Valterra
Valterra Platinum (JSE: VAL), formerly Anglo American Platinum (Amplats), began trading as a standalone entity on the Johannesburg Stock Exchange on Wednesday, marking the official demerger from parent company Anglo…
Goehring & Rozencwajg flags bull cycle for PGMs
After years of electric cars overshadowing them, platinum group metals (PGMs) – a key component for internal combustion engine (ICE) vehicles – might be making a strong comeback. In their…