Month: February 2019

Maverix Metals achieves record gold equivalent production

Vancouver-based Maverix Metals (TSX-V: MMX) revealed that it achieved record annual gold equivalent production for 2018 with an output of approximately 20,900 ounces. Such a figure exceeds the high end of the company’s increased guidance of 19,000 ounces and represents...

/ February 26, 2019

Titan Minerals and Core Gold merge and create Latin America-focused company

Perth-based Titan Minerals (ASX: TTM) and Vancouver-based Core Gold (TSX-V: CGLD) announced that they are joining forces to create a diversified Latin America-focused, ASX-listed gold company with a portfolio of projects in Ecuador and Peru. In a press release, the...

/ February 25, 2019

It’s happening — Barrick makes hostile $17.8 billion bid for Newmont

Canada’s Barrick Gold (TSX:ABX)(NYSE:GOLD), the world’s second-largest bullion producer, is going hostile in its bid to acquire U.S. rival Newmont Mining (NYSE:NEM) and create a mega-gold corporation with a $17.8 billion all-share offer. The move, announced before markets opened on...

/ February 25, 2019

Five base metal projects underway in the Yukon

Mining chatter in the Yukon these days is all about the yellow metal. It’s been that way for at least 10 years, according to geologist Mike Burke, who spent more than 20 years working for the Yukon Geological Survey before...

/ February 25, 2019

Canada's gold production to grow robustly in 2019 — Report

Fitch Solutions’ industry trends analysts have revised Canada’s 2019 gold mine production growth forecast up to 6% from 2% predicting production to grow robustly as new projects come online over the coming quarters. Canada’s dominance in attracting exploration investment has...

/ February 25, 2019

Brazilian iron ore supply disruptions to be expected – Report

Excluding Vale (NYSE:VALE), close to 8 million tonnes of seaborne iron ore supply from Brazil is at risk in 2019, a report by Wood Mackenzie states. According to the market analyst, such a supply disruption would be the result of...

/ February 25, 2019

Brucejack, Silvertip among British Columbia’s biggest recent successes

The most recent Annual Survey of Mining Companies by the Fraser Institute ranked British Columbia seventh among Canadian mining jurisdictions. But no other province or territory has had two new precious metal mines reach commercial production less than 15 months...

/ February 25, 2019

Citigroup says Venezuela deal covered $1.6 billion in gold

Citigroup Inc. said it entered into a financing deal with Venezuela’s central bank in 2015 essentially using $1.6 billion of gold held at the Bank of England as collateral. A subsidiary bought the precious metal up front, taking full legal...

/ February 25, 2019

Dust samples from asteroid could help understand origin of precious minerals

Surface of Ryugu photographed on October 15, 2018. Photo by AXA, University of Tokyo, Kochi University, Rikkyo University, Nagoya University, Chiba Institute of Technology, Meiji University, University of Aizu, AIST. Scientists at the Japan Aerospace Exploration Agency or JAXA reported...

/ February 25, 2019

China coal delays not unprecedented, Australia minister says

A train loaded with coal travels towards the Qinhuangdao Port in Qinhuangdao, China, on Friday, Oct. 28, 2016. China’s efforts to quell surging coal prices showed signs they’re working, with benchmark prices dropping for the first time in a year...

/ February 25, 2019

Miners should restore animal communities during site restorations – Study

Scientists are calling on mine operators to restore animal communities when they carry out site restorations. According to a paper published in the journal Pacific Conservation Biology, the impact of mining on animals is overlooked as fauna tends to be...

/ February 25, 2019

LME copper squeeze will test market's bull credentials

Is copper finally about to break up out of its well-trodden seven-month range? London Metal Exchange (LME) three-month copper came tantalisingly close on Wednesday with a mini-surge to $6,426.50, challenging the upper band of the $5,725 to $6,440 range that...

/ February 24, 2019