A year of two truths for zinc as new supply responds to tight market

This calendar year is expected to tell a tale of two outcomes for zinc as tight first-half concentrates and declining metal stocks contrast against new supply coming on stream and building... 

Only about 60% of potential new gold supply incentivised at $1 300/oz

Only about 60% of potential new gold supplies are incentivised for a 12% internal rate of return, at a gold price of $1 300/oz, Wood Mackenzie (WoodMac) analyst Vince Madden-Scott told an audience... 

China's enviro policies, EV growth two megatrends to boost most commodities

Chinese actions in recent years to embrace temporary production cuts and enforce stricter environmental regulations are probably here to stay for the long term and have already disrupted a range of... 

Eldorado shakes up top management team

Canadian miner Eldorado Gold has announced several senior management changes following the resignation of its CFO Fabiana Chubbs. Chubbs, who has been CFO since 2011, will leave the company at the... 

Diamcor seeks more project efficiencies as Krone-Endora at Venetia water runs low

Explorer Diamcor Mining has launched a nonbrokered private placement worth C$5-million in an effort to address the insufficient recoveries of water from the settling dams at its Krone-Endora at... 

Monarques closes C$5m financing with Ressources Québec

Emerging gold producer Monarques Gold has announced the closing of a C$5-million financing with Ressources Québec. The Montreal-based miner said it has successfully completed a nonbrokered private... 

Drilling starts on Thor's Senegal assets

Toronto-quoted exploration junior Thor Explorations has puller the trigger on an 8 000 m reverse circulation (RC) drilling programme on its Douta project, in south-east Senegal. This programme... 

'Suds' strategy pays through the drill bit as Osisko aims at replicating Canadian Malartic success

Celebrated Canadian precious metals firm Osisko Mining is aiming to replicate the success of its 9.4-million-ounce Canadian Malartic gold mine discovery – currently Canada's largest producing gold... 

MGX PEA outlines economic case for magnesium oxide production at Driftwood project

Exploration junior MGX Minerals has released the results of a preliminary economic assessment (PEA) for its Driftwood Creek magnesium project, located in British Columbia, outlining the project's... 

World's biggest mining show draws huge crowd, signalling mining investment optimism

The Prospectors & Developers Association of Canada's (PDAC's) 2018 convention, in Toronto, drew an international crowd of 25 606 people, in what is widely considered as a clear sign that optimism... 

Pending toll milling, Bunker Hill ready to roll in as little as 60 days

The 'crown jewel' of the Coeur D'Alene zinc, lead and silver mining district, in northern Idaho, could be in initial production in as little as 60 days pending finalisation of a toll milling... 

Nexa a pioneer of the new future of mining – Tito Martins

Recently rebranded Brazilian miner Nexa Resources is at the forefront of innovating in the mining industry with progressive policies and innovative technologies, an audience attending the keynote... 

Gold-backed ETFs lose 5.1 t in Feb

The latest data from the World Gold Council (WGC) shows that gold-backed exchange-traded funds (ETFs) have lost 5.1 t of yellow metal during February, but in total added 25.3 t during the first two... 

Building trust between miners, host governments a prerequisite to foster economic prosperity

Endemic mistrust between private sector miners and African jurisdictions belies the spirit and objectives set out in the African Union's African Mining Vision, an audience attending the eighth... 

Largo aims to expand market reach with new powder product capability

Vanadium producer Largo Resources will qualify, produce and sell vanadium pentoxide (V2O5) powder to supplement its current V2O5 fused flake production. The Toronto-headquartered company will... 

Acoustic Zoom triumphs in #DisruptMining technology innovation contest

Three-dimensional (3D) drill hole seismic imaging technology innovator Acoustic Zoom has won the second annual #DisruptMining contest. Acoustic Zoom aims to unlock the potential of Canada's mineral... 

Global metals exploration likely to rise 20% in 2018 – S&P Global

Global mining exploration budgets are expected to swell about 20% in 2018, bolstered by the generally positive trend in metals prices extending into early 2018, a new report by S&P Global Market... 

Nautilus secures further bridge funding

TSX-listed marine mining project developer Nautilus Mining has secured a further bridge loan of up to $34-illion from Deep Sea Mining Finance, which is intended to tide the company over until it is... 

Trevali options BMC-based Murray Brook deposit; forms strategic exploration alliance with Puma

Zinc-focused explorer, project developer and miner Trevali Mining has signed a letter of intent (LOI) with junior Puma Exploration to acquire an interest in the Murray Brook deposit, located in New... 

New exploration tool harnesses cosmic rays to find mineral deposits

A Vancouver-headquartered technology firm CRM Geotomography Technologies has developed a technology that exploits cosmic ray muons to find mineral deposits hidden underground. A spin-off company... 

Barrick's Porgera JV suffers PNG earthquake setback; Moody's boosts ratings

Canadian miner Barrick Gold has reported significant damage to the power plant that supplies electricity to the Porgera joint venture, following a 7.5 magnitude earthquake that struck Papua New... 

Nevsun narrows Q4 loss on impairment reversal

Base metals producer Nevsun Resources has reported a narrower fourth-quarter loss of $3.8-million, or $0.01 a share, as the bottom line benefitted from the partial reversal of an impairment charge... 

Nautilus PEA outlines the low-cost production potential of Solwara 1

Toronto-based Nautilus Minerals has published a new preliminary economic assessment (PEA) for its Solwara 1 seafloor copper/gold project, located in the Bismarck Sea offshore Papua New Guinea... 

Lupaka PEA reports 'robust' economics for Invicta

Peru-focused gold explorer and project developer Lupaka Gold has reported strong financial metrics in a new preliminary economic assessment (PEA) for an initial production scenario at its Invicta... 

First Majestic rises despite missing consensus earnings forecast

NYSE- and TSX-listed precious metals producer first Majestic Silver has swung to a net loss of $56.1-million, or $0.34 a share for the three months ended December, mainly owing to a $65.5-million... 

Secova quadruples Quebec-based cobalt portfolio

Junior explorer Secova Metals enjoyed a 25% bump in its TSX-V-listed equity this week after it reported the acquisition of a numbered British Columbia company that added 40 claims or about 2 186 ha... 

Canadian petroleum producers outline four-point plan to combat ailing investor confidence

Rising government costs, the burden of inefficient regulations, and the lack of infrastructure to move Canadian energy to growing markets are undermining investor confidence in Canada, a new report... 

Miners broadly welcome federal Budget 2018 bar some caveats

The Canadian mining industry has welcomed the federal 2018 budget that was announced this week, highlighting particular support for the extension of the Mineral Exploration Tax Credit and several... 

Dajin's Argentina JV hits high grades as the company readies for Nevada drilling

A surface sampling programme focused on an area of overlapping interest of the Salinas Grandes project, in Argentina – a joint venture (JV) property owned by Toronto-based LSC Lithium and... 

Seabridge goes the extra enviro mile with Johnny Mountain, Bronson mine clean-ups

Precious metals-focused project developer Seabridge Gold has undertaken significant effort to remediate the historic mining activities at the Johnny Mountain and Bronson mines, in north-western... 

EY's Mining Eye index puts in solid Q4; M&A activity muted ahead of PDAC

The EY Canadian Mining Eye index has showed a fourth-quarter gain of more than 2% quarter-on-quarter, to 4%. The increase in the Canadian Mining Eye index's performance suggests confidence in... 

Fission exploration continues to grow PLS mineralisation

On the heels of announcing a 30% resource expansion at its flagship Patterson Lake South (PLS) project, in North-Western Saskatcewan, Fission Uranium is again making waves after the first four... 

Anaconda lifts Point Rousse resource estimate

Junior gold producer Anaconda Mining has filed a new resource estimate for its Point Rousse gold project, located near Baie Verte, in Newfoundland and Labrador. Effective from December 31, the... 

Osisko cuts more high-grade intercepts at Lynx

Gold explorer Osisko Mining has reported more high-grade intercepts as it progresses an 800 000 m drill programme at its Windfall Lake project, located in the Abitibi greenstone belt of Quebec, the... 

Osisko outlines 50 000 m drill campaign for Pine Point

Base metals explorer Osisko Metals has revealed plans for a 50 000 m drilling programme for its Pine Point zinc/lead property, located in the Northwest Territories. The Montreal, Quebec-based... 

BC establishes mining task force to grow jobs

The British Columbia government has established the long-awaited Mining Jobs Task Force on Monday. The task force has its roots in the 2014 Mount Polley mine tailings pond failure in the Cariboo... 

#DisruptMining competition heats up as four finalists named

The #DisruptMining mining innovation challenge has named the four finalists who will compete against each other during the grand finale to be held during the Prospectors and Developers Association... 

Endeavour Silver rises 6% as it swings back into the black

Dual-listed precious metals producer Endeavour Silver has swung to a fourth-quarter profit on the back of stronger output and higher metals prices. Headquartered in Vancouver, and maintaining... 

Hecla enters toll-milling accord with Excellon

US gold producer Hecla Mining has signed a toll milling agreement with Mexico's highest-grade silver miner Excellon Resources, to process sulphide ore from the San Sebastian mine, in Mexico, at... 

Freeport-McMoRan enters option to earn 65% of Northisle's Pemberton Hills property

Copper major Freeport-McMoRan has entered an option agreement with Northisle Copper and Gold to earn a 65% interest in the Pemberton Hills property, located on Vancouver Island. The Pemberton...