Commentary: The gold party has only just begun
The year 2019 has been good for gold. In many currencies gold recorded all-time highs (i.e. euro, Canadian dollar and Australian dollar), with the exception of the U.S. dollar. As…
2019
Kinross sells stake in Lundin Gold for $150M
Kinross Gold (TSX: K; NYSE: KGC) is selling 20.7 million shares, or its 9.2% stake, in Lundin Gold (TSX: LUG) for $150 million. Shareholders Newcrest Mining (ASX: NCM) and the…
Rio Tinto suspends South African operation over ‘criminal activity’
Increasing violence in communities around its Richards Bay Minerals complex in South Africa has forced Rio Tinto (NYSE: RIO) to curtail all mining operations there, the Anglo-Australian miner says. The…
Commentary: Apples & oranges — The standardization of technical reporting
In October, the Committee for Mineral Reserves International Reporting Standards (CRIRSCO) released the October 2019 version of the CRIRSCO template for standardized public reporting of exploration results, mineral resources and…
First Cobalt advances Ontario-based refinery
First Cobalt (TSXV: FCC; US-OTC: FTSSF) has released an update on the progress of recommissioning its cobalt refinery in partnership with Glencore (LON: GLEN). The company expects to complete a…
Centamin rebuffs US$1.9B bid from Endeavour Mining
Egypt-focused gold miner Centamin (TSX: CEE; LON: CEY) has rejected a US$1.9-billion all-stock takeover bid from Canada’s Endeavour Mining (TSX: EDV) announced earlier on Tuesday, saying it did not offer…
The Northern Miner Podcast – episode 163: Lithium supply faces ‘huge bottleneck’, ft Castilloux, Bourassa, Miller, Mell
This episode features the Battery Metals panel at The Northern Miner’s 2019 Progressive Mine Forum in Toronto. The event took place on Oct. 16 at the MaRS Discovery District and…
Editorial: Use of force against protesters in Chile alarms UN, Human Rights Watch
Since protests in Chile erupted over a subway fare increase in early October and morphed into broader demonstrations over income equality, inadequate public services and high household debt, at least…
Velocity Minerals eyes ‘hub and spoke’ production in Bulgaria
Aspiring precious metals developer Velocity Minerals (TSXV: VLC) recently tabled engineering study results and the latest drill assays from its 70%-owned Rozino gold deposit in southeastern Bulgaria. Rozino, the most…
Zijin Mining to acquire Continental Gold for $1.4B in cash
In the latest megadeal sweeping the gold sector, Zijin Mining Group is buying Continental Gold (TSX: CNL; US-OTC: CGOOF) for $1.4 billion in cash. The Chinese gold miner is on…
TSX rises, Nov. 25-29: Endeavour Mining, Torex, Kirkland Lake
The S&P/TSX Composite Index rose 0.5% to close at 17,040.20. The S&P/TSX Global Mining Index gained 0.46% to 77, and the S&P/TSX Global Base Metals Index rose 0.34% to 102.58….
TSX Venture moves up, Nov. 25-29: New Pacific, K92, Aurania
The S&P/TSX Venture Composite Index gained 0.34% to 531.81. Spot gold finished at US$1,464 per oz., up 0.2%. Shares of New Pacific Metals jumped 36¢, or 8.37%, to $4.66. The company…