US markets fall, August 16-20
The Dow Jones Industrial Average fell 395.3 points or 1.11% to 35,120.08 and the S&P 500 lost 26.33 points or 0.59% to finish the trading week at 4,441.67. Spot gold…
Copper
TSX Venture down, August 16-20
The S&P/TSX Venture Composite Index fell 58.55 points or 6.34% to finish the August 16-20 trading week at 864.51. Spot gold fell US$1.00 per oz. to US$1,780.70 per ounce. Shares…
TSX down, August 16-20
The S&P/TSX Composite Index fell 179.1 points or 0.87% to finish the August 16-20 trading week at 20,339.00. The S&P/TSX Global Mining Index dropped 7.48% to 100.51 and the S&P/TSX…
First Quantum’s subsidiary ready to renegotiate Cobre Panama’s concession
First Quantum Minerals’ (TSX: FM) subsidiary Minera Panamá issued a communiqué over the weekend stating that it has not yet met with Panamanian authorities to discuss the renewal of the…
BHP fired 48 workers in two years for sexual harassment
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) revealed this week that it has fired 48 employees since 2019 for sexual harassment at its remote fly-in, fly-out (FIFO) mines in Western…
PFS for Newcrest’s Cadia PC1-2 delivers attractive economics
Newcrest Mining (TSX: NCM; ASX: NCM) has delivered a prefeasibility study for its Cadia underground gold mine expansion. The mine, in New South Wales, Australia, produces gold doré and gold-rich…
BHP looks to the future; US Senate passes infrastructure bill
After years of indecision and US$4.5 billion (pre-tax) invested in development since 2008, BHP has announced that it will move forward with its Jansen potash project in Saskatchewan and approved…
Chile’s drought forces Antofagasta to cut copper guidance
The miner now expects to produce between 710,000 tonnes and 740,000 tonnes of copper this year, down from its previous forecast of 730,000 tonnes to 760,000 tonnes.
Unigold intersects high grade outside resource envelope at Candelones project
Drilling in a new zone to the west of the Candelones Extension deposit has yielded a 16 metre intercept grading 10.78 grams gold per tonne, 68.9 grams silver per tonne,…
USACE assigns a new review officer for Pebble appeal
The US Army Corps of Engineers (USACE) has assigned a new review officer to handle Northern Dynasty Minerals’ (TSX: NDM) appeal of a negative record of decision for the Pebble…
Orvana stock tanks on El Valle rockfall
The Toronto-quoted equity of Orvana Minerals (TSX: ORV) lost nearly 16% in Monday trading following a rockfall at the legacy open-pit wall at El Valle, in Spain. The incident impacted…
Sierra Metals updates Bolivar copper-silver PEA to include iron ore
Sierra Metals (TSX: SMT; NYSE: SMTS) has updated the preliminary economic assessment for its Bolivar copper-silver mine to include production of a saleable iron ore concentrate. The underground mine and…