News
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Outlook: CPM Group’s Jeffrey Christian reflects on 2019 and forecasts what’s ahead in 2020
Jeffrey Christian is the managing partner of CPM Group, a commodities research and management, consulting and financial advisory firm in New York. He founded the company in 1986, spinning off the Commodities Research Group from Goldman Sachs & Co., and…
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SILVER-COPPER-ZINC: Surge expands Caledonia project
BRITISH COLUMBIA – Surge Exploration added additional mineral claims in the area of its Caledonia project in northern Vancouver Island. In a press release, Surge explained that the new mineral claims include the Silver Skarn project and additional land nearby…
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GOLD: AMEX hits high grades at Perron
QUEBEC – AMEX Exploration has released the results of drilling completed on three zones of mineralization at its Perron gold project. Drill highlights include: 4.1 metres of 41.3 g/t gold from the Upper Gratien zone starting at 65 metres depth;…
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GOLD: QMX reports long intercepts from Bonnefond
QUEBEC – QMX Gold has released the results of drilling completed on the Bonnefond deposit located within its 200 sq. km of land holdings in Val d’Or. Drill intercepts of note include: 114.6 metres of 3.69 g/t gold starting at…
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MINING PEOPLE: ABB Canada, Argo Gold, Aurion, Calibre, Copper Lake, Genesis, Golden Predator, NorZinc, Osisko Gold, AME
ABB Canada has announced Eric Deschenes as country manager and head of electrification business effective Jan. 1, 2020. Eric joined the company in 2017 as executive vice-president of the electrification business. He is a professional…
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LUBRICATION: Shell Rotella greases available in Canada
Shell Lubricants has announced that its Rotella Greases are now available in Canada. This line of heavy duty greases is designed for trucks, tractors, construction equipment and more. The product line up consists of the following: Shell Rotella HD Grease:…
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GOLD: Great Bear doubles drill program to 200,000 metres
VANCOUVER – Great Bear Resources is expanding its exploration program at its Dixie gold project in Red Lake, Ont. to 200,000 metres from 90,000 metres. The junior will be adding rigs in January for a total of at least five…
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Velocity Minerals eyes ‘hub and spoke’ production in Bulgaria
Aspiring precious metals developer Velocity Minerals recently tabled engineering study results and the latest drill assays from its 70%-owned Rozino gold deposit in southeastern Bulgaria. Rozino, the most advanced of Velocity’s four Bulgarian gold projects, is advancing to the prefeasibility study…
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COPPER-GOLD: TSXV greenlights ATEX’s acquisition of Chilean copper project
CHILE – ATEX Resources received conditional approval from the TSX Venture Exchange for its acquisition of the Valeriano porphyry copper-gold project, located in Chile. The decision means that ATEX shares will again commence trading on the TSXV on December 5,…
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GOLD: Kinross sells stake in Lundin Gold for $150M
TORONTO – Kinross Gold is selling 20.7 million shares or its 9.2% stake in Lundin Gold for $150 million. Current shareholders Newcrest Mining and the Lundin Family Trust are buying the Kinross shares, boosting their interest in Lundin Gold to 32% (from…
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COPPER: Rio Tinto invests US$1.5 billion to extend Kennecott operations
UTAH – Rio Tinto has announced a US$1.5 billion investment over the next six years to extend production at its Kennecott copper operation to 2032. The funds will allow for development of the second phase of the South Wall Pushback…
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COBALT: First Cobalt updates on refinery studies
ONTARIO – First Cobalt has released an update on the progress of recommissioning its cobalt refinery in partnership with Glencore. The company expects to complete a prefeasibility study for a 12 t/d restart scenario as well as a second feasibility…
