Month: March 2019

Gold-backed ETFs fell in February, following four months of inflows

After four straight months of inflows, holdings in global gold-backed ETFs and similar products fell in February by 33 tonnes to 2,479t, equivalent to $1.3 billion in outflows, and gold trading volumes decreased 5% below the 2018 averages to $104...

/ March 15, 2019

Value of British Columbia's mining M&As rebounded after 2017’s decline

A 272.9% increase since 2014 has driven the median M&A deal value to its highest level in six years. Over the past year, the median M&A deal value on BIV’s list of the biggest mining M&As grew 67.9% to $290...

/ March 15, 2019

Canada invests $72 million in clean technology for two Alberta companies

The federal government has announced plans to invest $72.3 million in clean technology for the Alberta oil and gas sector to address climate change and create jobs. Minister of Natural Resources Amarjeet Sohi made the announcement on March 14. The...

/ March 15, 2019

Barrick to revise 2019 guidance following Newmont JV

In the aftermath of the joint venture agreement with Newmont Mining Corp. earlier this week, Barrick Gold Corp. has taken steps to revise its production guidance for 2019. Executive chairman John Thornton and CEO Mark Bristow are currently travelling to...

/ March 15, 2019

Once-mighty Canadian mining losing ground to global competitors

Canada is in danger of losing its global dominance in mining, despite recent government initiatives to improve competitiveness, according to a report from an industry association. The report, by the Mining Association of Canada, comes as debate about the hollowing...

/ March 15, 2019

Southern Copper eyes lithium project in Mexico – CEO

Southern Copper Corp, one of the world’s biggest copper producers, is considering an investment in a lithium project in Mexico that has also attracted interest from a Chinese firm, the company’s chief executive told Reuters on Wednesday. Oscar Gonzalez said...

/ March 15, 2019

Russia, China to buy 10% in Onexim Group's mining company

Russia’s RDIF sovereign wealth fund said on Thursday it had completed a joint deal with the Russia-China Investment fund and a Middle Eastern sovereign wealth fund to acquire a 9.53 stake in Russian mining company Intergeo. Intergeo, a part of...

/ March 15, 2019

Para pours first doré bar at Arizona mine

Para Resources (TSXV: PBR) announced this week that it successfully tested the full CIP circuit at its Gold Road mine in Oatman, Arizona, including a test pour of gold. In a press release, the Vancouver-based miner said that a 40-ounce...

/ March 15, 2019

South Africa's Exxaro Resources FY earnings jump on higher coal prices

South African coal mining company Exxaro Resources Ltd said on Thursday its full-year earnings climbed 7 percent, boosted by higher coal prices and the absence of one-off transactions seen a year earlier. Core headline earnings per share (HEPS) rose to...

/ March 15, 2019

Operations resume at Goldcorp's Cerro Negro mine in Argentina

Canada’s Goldcorp (TSX:G) (NYSE: GG) said workers at its Cerro Negro mine in Argentina have returned to work, after an illegal strike at the gold producing operation, the company’s biggest in the South American country. Mining stopped on March 8,...

/ March 14, 2019

Gem Diamonds gets $8.8m for 13.33 carat pink rock

Africa-focused Gem Diamonds (LON:GEMD) has sold a 13.33 carat pink diamond recovered at its flagship Letšeng mine in Lesotho last month for $8.8 million. The diamond sold at a tender in Antwerp, achieved a record price per carat of almost $657,000. More to...

/ March 14, 2019

American Battery Metals ready to drill at Utah vanadium project

American Battery Metals (CSE: ABC) announced that later this month it will start an exploration program at its Temple Mountain vanadium property in Emery County, Utah. With $1.5 million in funding, the campaign will be comprised of radon geophysical surveying,...

/ March 14, 2019