• Falling peso affects Torex’s Q1, shares drop

    Falling peso affects Torex’s Q1, shares drop

    A “wild swing” in the Mexican peso weighed on Torex Gold‘s (TSE: TXG) first quarter, despite solid production of 108,537 ounces of gold at the company’s El Limon Guajes mining complex in Guerrero state. In a release, Torex president and CEO Fred Stanford noted that accounting changes in the treat...
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  • Blast at Anglo American coal mine in Australia injures five

    Blast at Anglo American coal mine in Australia injures five

    An explosion halted production on Wednesday at a coal mine run by Anglo American in Australia’s northeastern state of Queensland, injuring five people just months after a review of the industry called for better regulation. The incident is the company’s second in 15 months in the area, after a m...
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  • Fjordland to acquire majority stake in CanAlaska’s North Thompson nickel project

    Fjordland to acquire majority stake in CanAlaska’s North Thompson nickel project

    Following the execution of a letter of intent back in February, CanAlaska Uranium (TSXV: CVV) and Fjordland Exploration (TSXV: FEX) entered this week into an option agreement which allows the latter to earn up to an 80% interest in CanAlaska’s North Thompson nickel project in Manitoba, Canada. I...
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  • Newmont’s profit surges on higher production, rise in bullion prices

    Newmont’s profit surges on higher production, rise in bullion prices

    Gold miner Newmont Corp’s adjusted profit nearly doubled on Tuesday boosted by higher production and a surge in the prices of the precious metal, as investors rushed to the safe-haven asset amid market turmoil caused by the covid-19 outbreak. The world’s biggest gold miner said average realized p...
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  • USA Rare Earth’s ambitious plans for domestic supply chain

    USA Rare Earth’s ambitious plans for domestic supply chain

    A lesson to be learned from the US-China trade war and coronavirus-induced lockdowns wreaking havoc on markets and hitting mining production outlooks hard – is that North America needs to establish more robust domestic supply chains. The US responded to the covid-19 crisis by shutting its border...
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