TSX falls, March 2-6: Balmoral, Equinox, Maya Gold & Silver
The S&P/TSX Composite Index fell 0.54% to 16,175.02. The S&P/TSX Global Mining Index rose 3.84% to 74.17, while the S&P/TSX Global Base Metals Index fell 4.94% to 81.10. Spot gold…
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Ivanhoe hails progress at Kamoa-Kakula, Platreef
Ivanhoe Mines (TSX:IVN; US-OTC: IVPAF) said that progress at its Kakula project, the first of multiple planned mining areas at Kamoa-Kakula in the Democratic Republic of the Congo, continues to…
Max Resources hails new Cesar discovery
Max Resources (TSXV: MXR; US-OTC:MXROF) has discovered a high-grade outcrop at its wholly owned Cesar copper-silver project in northeastern Colombia, about 140 km north of the capital, Bogota. The Cesar…
Indigenous title lawsuits don’t conform to provincial boundaries, Supreme Court rules
A recent Supreme Court of Canada decision has confirmed the right of Indigenous communities to sue companies for aboriginal title claims that span provinces without needing to file multiple lawsuits….
Nexa completes PEA for Hilarion in Peru
Nexa Resources (TSX: NEXA; NYSE: NEXA) has released a preliminary economic assessment (PEA) for a potential underground mine at its Hilarion project in Peru — one of the largest undeveloped…
Amplats declares ‘force majeure’, cuts output forecast
Anglo American Platinum, also known as Amplats, has temporarily shut down its Anglo converter plant, declared force majeure, and cut its 2020 output. The South African miner, the world’s top…
Sprott bets on Orefinders
Financier Eric Sprott is putting some of his money behind Orefinders Resources (TSXV: ORX) and the junior explorer’s properties in the Kirkland Lake district of Ontario. Sprott has taken an…
PDAC: Mark Bristow hammers home organic growth message
Mark Bristow used his keynote address at the 2020 PDAC conference to stress the importance of exploration for miners. “It’s geologists and exploration that drive value creation and delivery in…
PDAC: Mining is ‘close to home’ for Minister O’Regan
Canada’s Minister of Natural Resources Seamus O’Regan made his first appearance at the Prospectors and Developers Association of Canada (PDAC) convention in Toronto last week, knowing he would be under…
Guinea to partner with China-backed consortium at Simandou
The Republic of Guinea has selected a China-backed consortium to develop blocks 1 and 2 of the Simandou deposit, which holds estimated reserves of more than 2 billion tonnes of…
PDAC: Investors increase scrutiny over ESG reporting
Among the many challenges facing the minerals exploration and mining industry, Environmental, Social and Governance (ESG) issues are receiving increased attention, with ESG programs now critical components of a company’s…
Alkane confirms Australia’s support to build rare earths mine
Australian gold producer and rare earths developer Alkane Resources (ASX: ALK) is a step closer to developing its Dubbo project after Australia’s export credit agency confirmed its interest in financing…