Quebec mines deemed an essential service
With Quebec Premier François Legault’s announcement on Monday declaring mining operations in the province an essential service, mines will be allowed to start back up on April 15, with additional…
Gold
Hochschild Mining withdraws dividend
Hochschild Mining (LSE: HOC) has become the third major mining company to suspend its dividend due to the COVID-19 pandemic. The Peru-focused gold mining company’s announcement follows Glencore’s (LSE: GLEN)…
Barrick inks option deals with Precipitate Gold and Golden Minerals
Barrick Gold (TSX: ABX; NYSE: GOLD) has inked two earn-in agreements in as many days on projects in the Dominican Republic and Argentina. The gold major is earning a 70%…
Fiore grows resource, completes study at Gold Rock
Fiore Gold (TSXV: F; US-OTC: FIOGF) has completed a preliminary economic assessment (PEA) for its Gold Rock project in Nevada and provided an updated mineral resource estimate and a base…
Alamos Gold confirms robbery at Mulatos mine
Management at Alamos Gold’s (TSX: AGI; NYSE: AGI) headquarters in Toronto have confirmed that the company’s wholly owned Mulatos gold mine in Mexico was robbed last week. A group of…
O3 Mining expands zones at East Cadillac
O3 Mining (TSXV: OIII) has released drill results from four zones at its East Cadillac property, 40 km east of Val d’Or, Quebec. The drilling targeted new areas of mineralization…
Gold climbs to highest level since 2012
The gold price rallied again on Thursday, as investors sought a store of value after the Fed said it was pumping an additional US$2.3 trillion in the US economy to…
Disruptive drill technology offers potential for miners
A new means of exploiting previously overlooked zones of gold mineralization may prove to be the type of disruptive technology needed once the global COVID-19 pandemic is over. Called sustainable…
Gold ETFs hit record high in Q1
Global gold-backed exchange-traded funds (ETFs) had US$23 billion, or 298 tonnes, of net inflows, in the first quarter of 2020 – the highest quarterly amount ever and the largest tonnage…
Exploding Costs: An analysis of Galore Creek
The mining industry is fraught with capital cost overruns — a quick internet search will turn up many examples. The results quickly highlight that as many as two-thirds of mining…
The Northern Miner Podcast – episode 181: Mining in the age of the coronavirus, ft Kinross Gold
This episode features a fireside chat with senior executives from Kinross Gold, including president and CEO Paul Rollinson, Chief Financial Officer Andrea Freeborough, Chief Technology Officer Paul Tomory, Corporate Development,…
Hudbay boosts gold reserves, production forecast in Manitoba
In its recent annual mineral reserve and resource update, mid-tier copper producer Hudbay Minerals (TSX: HBM; NYSE: HBM) provided some market optimism in the form of a major boost in…