U.S. markets mixed, Feb. 15-19
The Dow Jones Industrial Average rose 35.92 points (0.11%) to 31,494.32 during the Feb. 15-19 trading week and the S&P500 fell 28.12 points (0.72%) to 3,906.71. Spot gold finished the…
South America
Interview: Chile’s Minister of Mines and Energy prepares for new cycle of expansion
As copper prices hit their highest level in almost a decade, Chile’s mining industry is preparing for a new cycle of expansion. “We hope that if the price cycle remains…
Southern Ecuador’s Cuenca city bans new large-scale mining
Residents of the Southern Ecuador city of Cuenca have voted in favour of banning future large-scale mining activities in five nearby watershed zones – an area that stretches over 3,100…
Warintza project presents a “unique opportunity” says Solaris Resources’ Daniel Earle
Initial assays from the first drill program on the Warintza West zone at Solaris Resources’ (TSX: SLS; US-OTC: SLSSF) flagship Warintza project in Ecuador were “so exciting,” says President and…
Rio Tinto hands out biggest dividend ever; vows to tackle customers’ emissions
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has rewarded investors with the biggest dividend in its 148-year history and laid out plans to tackle the vast carbon footprint of its…
Steinmetz bets on Brazilian investigation against Vale
Israeli diamond and mining tycoon Beny Steinmetz is betting on Brazil’s authorities in his battle against Vale (NYSE: VALE). In January, the billionaire businessman was found guilty of bribing a…
Canaccord Genuity raises Q1 copper price forecast
Canaccord Genuity mining analyst Dalton Baretto has raised his copper price forecast for the first quarter from US$3.50 per lb. to US$3.75 per lb. “Given the average quarter to date…
Kinross reports record free cash flow, 2020 results in line with guidance
Toronto-based gold major Kinross Gold (TSX: K; NYSE: KGC) has released its fourth-quarter and year-end 2020 financial results. Production of 2.4 million gold-equivalent oz. for the year (624,032 oz. in…
Brumadinho victims take Vale deal to Supreme Court
The People Affected by Dams Association (MAB) and the Popular Sovereignty in Mining (MAM), along with left political parties PT and PSOL are seeking a Supreme Court order against the deal…
Newmont updates industry-leading reserve portfolio
Newmont (TSX: NGT; NYSE: NEM) has reported its 2020 year-end reserve and resource update, and its 94.2 million oz. of attributable gold reserves are the largest in the industry, the…
Equinox expects production growth in 2021, looks towards 1M oz. by 2023
Over the next three years, Equinox Gold (TSX: EQX; NYSE-AM: EQX) expects to continue with its trend of growing gold output, reaching the 1 million oz. annual output level by…
TSX up, Feb. 1-5
The S&P/TSX Composite Index jumped 4.61% to 18,135.90 during the Feb. 1-5 trading week. The S&P/TSX Global Mining Index rose 3.29% to 104.10, and the S&P/TSX Global Base Metals Index…