Vale enacts emergency protocol at Barragem 5 dam in Brazil
Vale (NYSE: Vale) announced on July 29 that it started, on a preventive basis, the Level 1 emergency protocol for Barragem 5 dam, at Mina da Mutuca, Nova Lima, in the…
South America
US markets edge lower, July 20-24
The Dow Jones Industrial Average fell 0.76% to 26,469.89 and the S&P 500 fell 0.28% to 3,215.63. Spot gold jumped US$91 per oz., or 5.03%, to finish the July 20-24…
TSX posts slight decrease, Jul 20-24
The S&P/TSX Composite Index fell 0.78% to 15,997.06 during the July 20-24 trading week. The S&P/TSX Global Mining Index rose 1.48% to 98.48, and the S&P/TSX Global Base Metals Index…
Chile’s Maricunga belt set to revive country’s gold industry
A wave of new mines in the pipeline on Chile’s Maricunga gold belt are advancing towards construction just as the price of the precious metal hits its highest level in…
Iamgold resumes operations at Rosebel after coronavirus outbreak
Iamgold (TSX IMG; NYSE: IAG) has resumed operations at its Rosebel gold mine in Suriname, which was shut down in June after union leaders asked their members to put down…
Top 10 US-based mining companies
Mining in the United States has been ongoing for centuries and has played a role in the country’s development over the years. The Northern Miner presents its annual Top-10 listing…
Teck delays QB2 expansion in Chile
Teck Resources (TSX: TECK.B; NYSE: TECK), Canada’s largest diversified miner, could see its Quebrada Blanca Phase 2 (QB2) expansion project in Chile delayed by up to six months due to…
Antofagasta maintains copper output despite Covid-19
Chilean miner Antofagasta (LSE: ANTO) has shown resilience amid the country’s Covid-19 crisis, delivering copper volumes in the second quarter that were 5% ahead of expectations, but 8.4% lower than…
Yamana to list on London Stock Exchange
Yamana Gold (TSX: YRI; NYSE: AUY) is in the advanced stages of its London Stock Exchange (LSE) listing, the company says. The Toronto-based miner, currently listed on the TSX and…
RBC hikes silver price forecasts
The mining and materials equity team at RBC Capital Markets has raised its silver price forecasts by 16% in 2020, 17% in 2021 and 14% in 2022. RBC now forecasts…
Barrick reduces power supply to communities near Porgera mine
Barrick Gold (TSX: ABX; NYSE: GOLD) announced that it will reduce power supply to townships near the Porgera gold mine to save costs. The company said in a statement from…
Cornerstone Capital seeks to replace SolGold’s board over mismanagement, transparency
Cornerstone Capital Resources (TSXV: CGP) plans to call a meeting of SolGold’s (TSX: SOLG; LSE: SOLG) shareholders to replace the company’s entire board, the investor said today. The move by…