Industry News
-
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...Read more -
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...Read more -
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...Read more -
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...Read more -
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...Read more
