TSX drops, June 22-26
The S&P/TSX Composite Index fell 1.84% to 15,189.00 during the June 22-26 trading week. The S&P/TSX Global Mining Index rose 4.24% to 88.72, and the S&P/TSX Global Base Metals Index…
United States
GoldMining creates royalty subsidiary
GoldMining (TSX: GOLD; US-OTC: GLDLF) has created a wholly owned royalty company – Gold Royalty – with a portfolio of 14 newly created royalties on GoldMining’s gold assets in the…
Liberty Gold discovers third gold zone at Black Pine
Reverse circulation (RC) drilling at Liberty Gold’s (TSX: LGD) Black Pine project has discovered a third zone of oxide gold mineralization – D-3 – underneath the historic drilling boundary in…
Hudbay appeals court decision on Rosemont
Hudbay Minerals (TSX: HBM; NYSE: HBM) has filed its initial brief with the U.S. Court of Appeals regarding the decision made by the U.S. District Court for the District of…
Gold miners will struggle to maintain 2019 production levels, Wood Mac says
Prior to the coronavirus outbreak, peak gold supply was becoming a real possibility. Now, with exploration programs halted or cancelled and project disruptions hampering production, the summit is in sight,…
Northern Dynasty to share Pebble mine revenue with local community
Northern Dynasty Minerals (TSX: NDM; NYSE-AM: NAK), the company behind a proposed massive copper-gold mine in southwest Alaska, has announced a revenue sharing program for full-time residents of Bristol Bay….
Fortescue Metals targets zero emissions by 2040
Fortescue Metals Group (ASX: FMG), the world’s fourth largest iron ore producer, has brought forward a self-imposed deadline to be carbon-neutral by 2040, ten years earlier than its closest rivals…
Eclipse hits oxide gold at Hercules in Nevada
The first phase of drilling at Eclipse Gold Mining’s (TSXV: EGLD; US-OTC: EGLPF) Hercules gold project within the Walker Lane trend, 40 km southeast of Reno in Nevada, has returned…
Top 10 Canadian miners by market cap
The Northern Miner presents the top-10, Canada-headquartered mining companies by market capitalization as of late-June, 2020. 1. Barrick Gold Market cap: US$46.56 billion Barrick Gold (TSX: ABX; NYSE: GOLD) has…
Novagold responds to short-seller accusations with 40-page diatribe
Novagold Resources (TSX: NG; NYSE-AM: NG) has hit back against a report from J Capital Research released late May that accused managers of the Vancouver-based explorer of “systematically” misleading investors…
Belgium expands probe into zinc miner Nyrstar
Belgium’s Financial Services and Markets Authority (FSMA) has broadened a probe kicked off in September 2019 into zinc firm Nyrstar NV that is looking into possible ties between the company…
Editorial: One Country, One System
When my colleagues and I at the Far Eastern Economic Review and other news organizations covered Hong Kong’s return to Chinese rule on July 1, 1997, many of us were…