Ivanhoe trims budget; stays course at Kakula
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has completed 13.5 km of underground development — 4.2 km ahead of plan — at its Kakula copper project in the Democratic Republic of…
Fast News
Haywood Securities lowers base metal forecasts
Haywood Securities has cut its base metal price forecasts for 2020 due to the COVID-19 pandemic. The investment dealer expects copper will cost US$2.45 per lb. (from its previous estimate…
BofA forecasts higher silver prices
Silver prices have dropped sharply year-to-date and are currently down 13.2% year-on-year at US$15.29 per oz., but the Bank of America (BofA) says its supply and demand model suggests that…
Kirkland Lake drill results suggest high-grade corridor
Kirkland Lake Gold (TSX: KL; NYSE: KL) has released the results of 19 drill holes, as well as assays for 15 historical unreported and reinterpreted holes from the Macassa mine…
BofA forecasts US$3,000 gold in 18 months
Bank of America says gold could hit US$3,000 per oz. in 18 months, up from a previous forecast of US$2,000 per oz. “As economic output contracts sharply, fiscal outlays surge,…
Gold Resource reports Q1 production from Nevada, Mexico
Gold Resource (NYSE-AM: GORO) has released preliminary first-quarter production results for its mining operations in the U.S. and Mexico. In Nevada, its Isabella Pearl open-pit heap leach mine, the company’s…
Troilus Gold reports positive assays at Southwest zone
Troilus Gold (TSX: TLG) has reported assay results from two holes completed at the Southwest zone, 3.5 km northeast of the existing deposit within the 160-sq.-km Troilus project. The drill…
Quebec Precious Metals discovers new zone at Sakami
Drill results from Quebec Precious Metals’ (TSXV: CJC; US-OTC: CJCFF) wholly owned 140-sq.-km Sakami project, 570 km north of Val d’Or, suggest a new mineralized zone, the La Pointe Extension…
Nordgold plans to cut carbon emissions at Guinea mine
Russian miner Nordgold (LSE: NORD) says it will build a new power plant at its Lefa mine in Guinea as part of efforts to reduce its greenhouse gas emissions. The…
Vale cuts production guidance again
Brazil’s Vale (NYSE: VALE), the world’s top iron ore producer, has once again lowered its production forecast for 2020 due to a mix of factors including heavy rain, unplanned outages…
Mexican union wants mining operations to resume
Most economic activities were halted in Mexico in late March due to the COVID-19 pandemic, but the deputy secretary of work at the national level for the Confederation of Mexican…
Global Atomic completes study on Dasa in Niger
Global Atomic (TSX: GLO; US-OTC: GLATF) has completed a preliminary economic assessment (PEA) for the first phase of a larger underground mine at its Dasa uranium deposit in the Republic…