Industry News
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Pan American resumes Mexico operations
Pan American resumes Mexico operations Pan American Silver (TSX: PAAS) has announced that operations have resumed at its Dolores and La Colorada mines in Mexico, following the restart of its Shahuindo, La Arena, San Vicente and Manantial Espejo operations, initiated in May. The mines are ...Read more -
Nevada Copper readies to resume production in Q3
Nevada Copper readies to resume production in Q3 Nevada Copper (TSX: NCU) is progressing towards the restart of concentrate production in Q3 2020, the owner of the Pumpkin Hollow copper project announced in an update Tuesday. Production at the underground mine was temporarily halted in ea...Read more -
Great Thunder acquires Southern Star property in Quebec
Great Thunder acquires Southern Star property in Quebec Great Thunder Gold (CSE: GTG) announced this week that it closed the acquisition of the Southern Star property in Quebec, Canada. With the addition of the 8,100-hectare land package, Great Thunder now holds 10,677 hectares in the Fe...Read more -
Iamgold suspends operations in Suriname amid covid-19 cases
Iamgold suspends operations in Suriname amid covid-19 cases Canadian gold miner Iamgold on Tuesday halted operations at its Rosebel gold mine in Suriname as a workers union issued a stop work order after seven employees tested positive for the novel coronavirus. The company said the infec...Read more -
Biggest copper nation has an optimistic take on hectic news flow
Biggest copper nation has an optimistic take on hectic news flow Copper traders are being bombarded with possible price drivers right now — from $1 trillion in U.S. infrastructure spending to a second wave of Covid-19 in China. For Chile’s official forecaster, the upshot is cautiously opt...Read more -
Superior Gold stock soars on best drill results to date
Superior Gold stock soars on best drill results to date Superior Gold (TSXV: SGI) has reported its best underground drill intersection so far at the Plutonic gold mine in Western Australia. Of the 19 holes (over 1,855 metres) completed during the ongoing drill program, 17 intersections en...Read more -
Vale can reopen Itabira after coronavirus measures
Vale can reopen Itabira after coronavirus measures Brazilian iron ore miner Vale SA has received permission to reopen mines in the Itabira complex shuttered due to coronavirus concerns, the company said in a Wednesday filing, adding there was no change to its production guidance. Vale sai...Read more -
Minera Alamos stock up on new Santana drill results
Minera Alamos stock up on new Santana drill results Minera Alamos (TSX VENTURE:MAI) announced on Wednesday additional drill results from its Phase 2 drill program at the Santana gold project in Sonora, Mexico. Phase 2 was completed over the past year and was initiated as a follow-up to the compa...Read more -
Mining industry recovery may bolster Australia’s economy again
Mining industry recovery may bolster Australia’s economy again Rio Tinto’s iron ore operations in Australia’s Pilbara region. (Image courtesy of Rio Tinto) Australia’s resource industry is set to aid the economic recovery once again as higher prices and expansion plans assist the nation emergin...Read more -
BHP to revise expansion through 40 sacred sites
BHP to revise expansion through 40 sacred sites The world’s no.1 miner, BHP, (ASX, LON, NYSE: BHP) will place on hold part of its expansion plans for its South Flank iron ore project in Western Australia (WA), which would have destroyed dozens of sacred aboriginal sites. The move follows a natio...Read more -
Silvercorp walks away from bid to buy Guyana Goldfields
Silvercorp walks away from bid to buy Guyana Goldfields Canada’s Silvercorp Metals (TSX, NYSE: SVM) has decided not to match a third-party superior bid for Guyana Goldfields (TSX: GUY), and said that if the takeover target terminates an agreement they signed in April, it would have to pay the co...Read more -
Kirkland Lake’s strong Q1 results boosted by Detour
Kirkland Lake Gold (TSX:KL, NYSE:KL) announced on Wednesday results for the first quarter of 2020 with strong year-over-year growth in net earnings and record levels of gold sales. The company reported production of 330,864 ounces, a 43% increase from 231,879 ounces in Q1 2029 and 18% higher than...Read more
