Petra cuts latest sign of a down diamonds market
Petra Diamonds (LSE: PDL) has revised its guidance for the next two fiscal years and appointed a new finance leader as part of its plans to lower expenses and debt…
Metals and Minerals Markets
De Beers sales drop to US$315M amid search for new owner
De Beers’ sales of rough diamonds fell for the second time this year, with the Anglo American (LSE: AAL) unit recording a provisional US$315 million, down from US$383 million in…
New Pacific shifts focus to social issues after robust Silver Sand prefeasibility
New Pacific Metals’ (TSX: NUAG; NYSE-AM: NEW) prefeasibility study for the Silver Sand project in Bolivia calculates a robust return on an initial US$358-million investment. But the company could face…
LithiumBank reports largest lithium brine resource in North America at Alberta project
Canadian explorer LithiumBank Resources (TSXV: LBNK; US-OTC: LBNKF) has tabled the largest known lithium-brine resource in North America at its Park Place project in Alberta as it targets an initial…
Beaty optimistic on Mexico ahead of cross-Canada bike trip to Equinox Gold’s mine opening
Mexico’s new leader is an improvement while Canada should be careful in blocking Chinese investment, according to Ross Beaty, the Canadian Mining Hall of Famer who founded Pan American Silver…
Nations Royalty listing marks Indigenous milestone
The Frank Giustra-backed Nations Royalty (TSXV: NRC), which may be the country’s first Indigenous company to focus on production contracts like net smelter returns, joined the Toronto Venture exchange on…
Azimut cuts high-grade lithium near Winsome’s Adina
New drill results from Azimut Resources (TSXV: AZM) confirm a wide and high-grade lithium zone on the Galinée property in the James Bay region of Quebec, likely the southern extension…
Another report calls out red tape in Canada’s resource sector
Canada’s slow and complicated project approval process needs an overhaul to reverse declining investment in mining and other major infrastructure projects, a report from the C.D. Howe Institute suggests. The…
Winsome secures A$25M for Adina-Renard lithium development
Australia’s Winsome Resources (ASX: WR1) has raised A$25 million to advance its Adina lithium project in Quebec as the explorer pivots to become a project developer in the medium term….
Mawson and Southern Cross getting back together
Mawson Gold (TSXV: MAW) and Southern Cross Gold (ASX: SXG) agreed to merge this week, creating a new dual ASX and TSXV-listed company named Southern Cross Gold after Mawson spun…
TNM Drill Down: Red 5 hits triple-digit gold at Darlot
Our TNM Drill Down features highlights of the best gold assays of the May 24-31 period. Drill holes are ranked by gold grade x width as identified by data company Mining…
New Gold reports cores among best yet at New Afton as it hikes ownership
New Gold’s (TSX: NGD; NYSE: NGD) exploration drilling at the New Afton copper-gold mine in British Columbia has produced among the best intersections yet as the company looks to extend…