Fed cuts rate by 0.5%, gold rises
The United States Federal Reserve lowered its benchmark interest rate by 50 basis points to a range of 4.75% to 5% on Wednesday as the majority of analysts expected. Gold…
Editors’ Picks
Beaver Creek: Rule, Hathaway, Giustra reflect on surging gold price, humdrum equities
Beaver Creek, Col. – Industry leaders debated the roles of economic uncertainty, inflation and monetary policy in driving gold to a record high this week even as many gold equities…
Putin’s exports threat lifts uranium, nickel producers
Stocks in nickel and uranium producers gained this week when Russian President Vladimir Putin floated the idea of limiting metals exports, refueling geopolitics as a top risk, mining analysts said….
Yukon court OKs rare Indigenous bid for mine ownership
There could be landmark new life in the abandoned Minto copper-gold mine in the Yukon. The territory’s Supreme Court has approved a private bid by the Selkirk First Nation to…
Red Pine resource update bumps tonnage by 15 times for Wawa gold project in Ontario
An updated resource for Red Pine Exploration’s (TSXV: RPX; US-OTC: RDEXF) Wawa project in northern Ontario boosts the total gold resources more than 15-fold over the previous 2019 estimate. Its…
Atlantic Mining faces $80M cleanup bond deadline amid court battle with Nova Scotia
A Nova Scotia subsidiary of Australia’s St Barbara (SBM:ASX) is scrambling to pay off a $79.9 million cleanup bill by next Tuesday for its closed Touquoy gold mine. The company,…
Canada imposes tariffs on Chinese EVs, steel to boost mining sector
Canada on Monday introduced weighty tariffs on steel, aluminum and electric vehicle (EV) imports from China in a move the government said will protect the mining sector and domestic jobs…
Gold Fields to buy Osisko in US$1.6B cash deal
South Africa’s Gold Fields (NYSE: GFI; JSE: GFI) is buying Canada’s Osisko Mining (TSX: OSK) in a deal valued at $2.1 billion (US$1.6 billion) as record-breaking prices for the precious…
Australia’s fledgling batteries downstream sector grapples with too-high costs
Australia’s efforts to establish a downstream lithium sector to match its status as the world’s top lithium miner were dealt another blow in late July, when Albemarle (NYSE: ALB) suspended…
Site visit: Exploration momentum puts PEA in near-term sight for Snowline Gold
EASTERN YUKON — In a remote corner of Yukon, Snowline Gold (TSXV: SGD; US-OTC: SNWGF) has moved from the first drill holes at its Valley target to an initial resource in…
TSX, TSXV miners raise most cash in a decade
The amount of money raised for mining on Canada’s leading stock markets the TSX and its Venture Exchange jumped 62% in this year’s first half compared with 2023’s same period,…
Agnico, Barrick dominate top Canadian miners
Agnico Eagle Mines (TSX: AEM; NYSE: AEM), which tops our list of Canadian miners by market value at $51.4 billion in late July, runs the country’s biggest gold mines by output:…