Seabridge to acquire 3 Aces gold project in Yukon
Seabridge Gold (TSX: SEA; NYSE: SA) is acquiring the 3 Aces gold project in southeastern Yukon from Golden Predator Mining (TSXV: GPY) for 300,000 Seabridge shares and an immediate cash…
News
B of A models 2020 nickel demand
Bank of America forecasts global nickel demand could drop by 2.8% year-on-year in 2020, which could result in a nickel surplus of nearly 150,000 tonnes. “Nickel demand has had a…
Trevali suspends Caribou mine in New Brunswick
Trevali Mining (TSX: TV; US-OTC: TREVF) has temporarily suspended operations at its Caribou mine near Bathurst, New Brunswick. The company noted that the global zinc market has deteriorated and that…
Steppe Gold fires up ATO mine in Mongolia
Steppe Gold (TSX: STGO) is on track to produce 60,000 oz. gold this year at cash costs of US$500 per oz. from its heap leach mine in Mongolia, after starting…
PDAC tallies three confirmed COVID-19 cases
As the science continues to evolve around the transmission of the deadly coronavirus, the 23,000 people who attended the Prospectors & Developers’ Association of Canada (PDAC) convention in Toronto on…
Barrick updates 10-year plan
Barrick Gold (TSE: ABX; NYSE: GOLD) has unveiled a 10-year gold production plan in which it aims to maintain production levels of approximately 5 million oz. gold per year between…
Mine disruptions escalate as virus rips around globe
On a global scale, work is grinding to a halt and operations at mines are being temporarily suspended as majors and minors move to enact measures to protect against the…
Bank of America revises real GDP growth targets
The coronavirus pandemic “has morphed into a credit crisis and economic recession,” Bank of America (B of A) outlined in its World at a Glance report released Thursday, noting that…
DynaCERT says new technology can lower diesel emissions
DynaCERT (TSX: DYA), a Toronto-based company, has developed a technology called HydraGEN that could significantly reduce emissions by improving the performance and fuel efficiency of diesel engines used in mining…
Facts ‘n’ figures: Gold prices swing as markets sell off
The following is an edited report from the World Gold Council, release on March 19, 2020. For the full report visit www.gold.org. Like most asset classes, gold is being affected…
Coronavirus threatens Codelco’s status as top copper miner
Chile’s copper miner Codelco may not regain its position as the world’s top producer of the red metal this year, as delays in upgrades and expansion projects caused by measures…
Moody’s slashes growth forecasts
In November, Moody’s Investors Service forecast G-20 economies in 2020 would grow by 2.6%, but now estimates real GDP will contract by 0.5%, followed by a pick-up to 3.2% in…