Nornickel reports second fuel spill in the Arctic in less than two months
Russian mining company Norilsk Nickel reported that a pipeline belonging to Norilsktransgaz, which is part of the Norilsk Nickel Group, depressurized during the transfer of…
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Centamin reviews expansion options as results exceed forecast
Egypt-focused gold miner Centamin (TSX: CEE; LSE: CEY) said today it is looking at expansion opportunities as soaring bullion prices and the country’s decision to…
US markets post slight gain, July 6-10
The Dow Jones Industrial Average rose 0.96% to 26,075.30 and the S&P 500 rose 1.76% to 3,185.04 during the July 6-10 trading week. Spot gold…
TSX posts slim increase, July 6-10
The S&P/TSX Composite Index rose 0.75% to 15,713.82 during the July 6-10 trading week. The S&P/TSX Global Mining Index rose 5.06% to 95.05, and the…
TSX Venture rises, July 6-10
The S&P/TSX Venture Composite Index rose by 8.17% to finish the trading week at 684.71. Spot gold closed at US$1,798.60 per oz. on July 10,…
Chile struggles to maintain copper production as coronavirus spreads
Workers at Chile’s giant copper mines are caught between the urge to protect themselves and pressure to keep the country’s economy moving. Since declaring a…
Porgera mine dispute escalates for Barrick, Zijin
Barrick Gold (TSX: ABX; NYSE: GOLD) has served a dispute notice to the Papua New Guinea (PNG) government over the country’s refusal to renew a…
Technology Metals Snapshot: Eight juniors developing next generation metals
While mining is best known for supplying the world with precious and base metals, technology metals – such as lithium, cobalt and transition metals –…
Baffinland Iron Mines and Inuit association strike landmark agreement
A new multimillion-dollar agreement between Baffinland Iron Mines and the Qikiqtani Inuit Association (QIA) that includes a substantial royalty increase, Inuit oversight of environmental monitoring…
Endeavour Silver output drops on coronavirus closures
Endeavour Silver (TSX: EDR; NYSE: EXK) took a significant hit to production in the three months to the end of June, as operations were halted…
Rising gold price and reserve depletion to drive M&A, Bank of America says
The total transaction value of mergers and acquisitions in the second quarter of the year reached US$2.86 billion in twelve deals, with Chinese buyers acquiring…
Haywood lifts gold price forecasts
Haywood Securities has raised its gold price forecast for the second half of 2020 from US$1,650 per oz. to US$1,800 per ounce. Next year, the…