Two Red Lake hopefuls crater on brewing Barrick beef
The shares of two Red Lake Gold Camp-focused ‘close-ology plays’ crashed on Tuesday after they made public that Barrick Gold (TSX: ABX; NYSE: GOLD) has named them parties in a…
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Monarch Mining feeds first ore to Beacon mill in Quebec
In an update on the recommissioning of its wholly owned Beaufor mine and Beacon mill, Monarch Mining (TSX: GBAR; OTC: GBARF) said it has begun feeding ore to the mill and expects…
Rio2’s EIA for Fenix gold project again rejected by Chilean authorities
Shares of Rio2 (TSXV: RIO; US-OTC: RIOFF) on Tuesday reached their lowest value since March 2020 as Chile’s regional evaluation commission, which includes 12 government bodies, again rejected the company’s…
Mkango feasibility for Songwe Hill rare earth project pegs capex at US$277M, post-tax NPV at US$559M
Africa-focused rare earths explorer Mkango Resources (TSXV: MKA) has reached a major milestone with the release of a definitive feasibility study for its Songwe Hill project in Malawi. Located 90…
The Northern Miner Podcast – episode 298: Central banks are buying gold at higher prices, ft CPM Group managing partner Jeffrey Christian
This week’s episode features CPM Group managing partner Jeffrey Christian in conversation with host Adrian Pocobelli. Jeffrey discusses an increase in busyness in the precious metals market, as well as…
Hecla Mining acquires Yukon miner Alexco Resource in all-share deal
American silver producer Hecla Mining (NYSE: HL) has agreed to acquire all shares of Canadian Alexco Resource (TSX: AXU: NYSE-AM: AXU) it doesn’t already own, in a deal that values the target’s…
Nevada Copper arranges US$70M loan for Pumpkin Hollow, suspends underground mining work
In an effort to raise additional funds to continue operations at its Pumpkin Hollow copper mine in Nevada, Nevada Copper (TSX: NCU; OTC: NEVDF) has agreed to terms with its…
U.S. Markets fall during June 27-July 1 trading week
The Dow Jones Industrial Average fell 403.42 points or 1.2% to 31,097.26 and the S&P 500 fell 86.4 points or 2.25% over the week to 3,825.33. Shares of Mosaic Company rose by US62¢ or…
TSX falls during June 27-July 1 trading week
Over the June 27 to July 1 trading period, markets continued their downward trend, with the S&P/TSX Composite Index falling 201.55 points or 1.06% to 18,861.36; the S&P/TSX Global Mining…
S&P/TSX Venture Composite Index tumbles more than 5% in June 27-July 1 trading week
Over the June 27 to July 1 trading week, the S&P/TSX Venture Composite Index fell 35.1 points or 5.38%, to end at 617.26. Among the top gainers in terms of…
Rock Tech Lithium assays up to 1.37% Li2O from drilling at Georgia Lake
Rock Tech Lithium (TSXV: RCK; OTC: RCKTF) has released new assay results from ongoing drilling at its 100%-owned Georgia Lake lithium project in Ontario. Located between Nipigon and Beardmore, the…
The view from England: The UK’s burning decision on coal
Boris Johnson’s government seems set to approve the first new underground coal mine in the U.K. for 36 years. Such an outcome (a decision is due by July 7) will…