TSX loses ground, Sept. 30-Oct. 4: Detour, Torex, Continental, Nutrien
The S&P/TSX Composite Index fell 1.5% to close at 16,449.35. Spot gold finished the trading week at US$1,504 per oz., up US$8.10 per ounce (0.54%). The S&P/TSX Global Gold Index…
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Implats offers $1B for North American Palladium
Eyeing its first major operations investment outside of Africa, platinum group metals (PGM) producer Impala Platinum Holdings has struck a friendly deal to buy Canadian pure-play palladium producer North American…
US markets down, Sept. 30-Oct. 4: Sibanye-Stillwater, NACCO Industries, Cleveland Cliffs
The Dow Jones Industrial Average fell 0.9% to 26,573.70 and the S&P 500 Index fell 0.34% to 2,952. Spot gold finished the trading week at US$1,504 per oz., up US$8.10…
Pit wall fails at Avesoro’s New Liberty gold mine in Liberia
Avesoro Resources (TSX: ASO) has suspended mining activities in the Kinjor-East pit at its New Liberty gold mine in Liberia, following the failure of a pit wall and ramp in the…
Fission study shaves capex, build time for PLS
Fission Uranium (TSX: FCU; US-OTC: FCUUF) has released an updated prefeasibility study (PFS) for an underground-only mine at its wholly owned Patterson Lake South (PLS) uranium project in northwestern Saskatchewan….
Anfield tables PEA for Charlie uranium project
A preliminary economic assessment (PEA) of Anfield Energy’s (TSXV: AEC; US-OTC: ANLDF) Charlie uranium project in Wyoming’s Pumpkin Buttes uranium district outlines a low-capital-expense, in-situ recovery (ISR) mine with a…
North American Palladium acquires 51% of Sunday Lake
On the back of record quarterly revenues from its wholly owned Lac des Îles mine, 100 km northwest of Thunder Bay, Ont., pure-play palladium producer North American Palladium (TSX: PDL;…
Sprott Asset Management invests $2M in Kootenay Silver
Kootenay Silver (TSXV: KTN; US-OTC: KOOYF) has announced a $2-million investment from Sprott Asset Management through a non-brokered private placement of 7.7 million units at 26¢ per unit. Each unit consists…
Top-10 silver companies by market cap
The Northern Miner presents the top-10, silver-focused companies by market capitalization. 1. Fresnillo Market cap: $8 billion With 61.8 million oz. silver production in 2018, Mexico City-headquartered Fresnillo (LSE: FRES)…
Rhodium punches above its weight with strong prices
Rhodium is an irreplaceable material for complying with carbon emission standards in gasoline-powered vehicles, which consume almost all of its annual production. But while global auto sales declined in late…
Waterberg study pegs 45-year mine life for Platinum Group Metals
Platinum Group Metals (TSX: PTM) tabled its definitive feasibility study (DFS) for the Waterberg platinum group metals (PGM) project in South Africa’s Bushveld Complex outlining a boost in palladium, platinum,…
Silver and PGMs offer investors hope
Gold grabs most of the mining headlines, especially since its recent comeback, but other precious metals such as silver and palladium are also performing well in today’s market, giving miners…