Horizonte releases PFS on Vermelho
Vermelho — one of the largest and highest-grade undeveloped laterite nickel-cobalt resources in the world — will generate US$7.3 billion in total cash flow over 38 years, Horizonte Minerals (TSX:…
South America
TSX Venture posts small gain, Oct. 14-18: Novo Resources, New Pacific Metals, BonTerra, Cobalt 27
The S&P/TSX Composite Index rose 0.30% to 542.43 during the trading week. Spot gold finished at US$1,489.60, up 80¢. Novo Resources jumped 33¢ to $2.80. The company recently reported positive…
US markets mixed, Oct. 14-18: Agnico Eagle, AngloGold Ashanti, Newmont Goldcorp
The Dow Jones Industrial Average fell 0.17% to 26,770.20, while the S&P 500 Index rose 0.54% to 2,986.20. Gold stayed relatively flat at US$1,489.60 per oz., up 0.05% for the…
Sprott Asset Management invests $2M in Kootenay Silver
Kootenay Silver (TSXV: KTN; US-OTC: KOOYF) has announced a $2-million investment from Sprott Asset Management through a non-brokered private placement of 7.7 million units at 26¢ per unit. Each unit consists…
Lithium Americas feasibility boosts production capacity at Caucharí-Olaroz
Lithium Americas (TSX: LAC; NYSE: LAC) has released an updated feasibility study that boosted the production capacity of Caucharí-Olaroz lithium project in Argentina’s Jujuy province to 40,000 tonnes per annum from 25,000…
Blockade resumes at Newmont Goldcorp’s Peñasquito mine
Newmont Goldcorp (TSX: NGT; NYSE: NEM) has temporarily halted operations at its Peñasquito mine in Mexico, following the resumption of an illegal blockade. This is the latest blockade to disrupt the mine since…
Site visit: Continental stays on track at Buritica
BURITICA, COLOMBIA — It has been one year since The Northern Miner last toured the Buritica gold project, and the interim has been a critical period for Continental Gold (TSX:…
Is Chile losing ground in the lithium space?
Chile should lead the world in lithium production. The Salar de Atacama in northern Chile is the world’s largest and richest lithium resource, containing almost half the world’s known reserves,…
Horizonte shares rise on Orion financing
Orion Mine Finance is handing over US$25 million in cash in exchange for a 2.25% royalty on Horizonte Minerals’ (TSX: HZM; AIM: HZM) Araguaia project in Brazil, one of the…
Site visit: Coro dusts off new copper find
MEJILLONES, CHILE — Coro Mining (TSX: COP) could soon be building Chile’s newest copper mine. You would think someone would have already looked here. High in the arid hills above…
‘Logic and law will prevail’ in dispute, Plateau Energy Metals’ CEO says
Plateau Energy Metals (TSXV: PLU) has lost its appeal to overturn a decision by the Instituto Geológico Minero y Metalúrgico (Ingemmet) to cancel 32 of its 149 concessions in Peru….
Ecuador’s pro-mining stance tests country’s resolve
More than a decade since Ecuador opened its doors to mining, the Andean country is beginning to see the results. In July, production began at the country’s first large-scale mining…