Antofagasta posts record copper production
Antofagasta (LON: ANTO) set a new record last year with group copper production of 725,300 tonnes, and the company expects it will produce 750,000-790,000 tonnes of the red metal this…
Copper
Balmoral finds nickel zones at Grasset
Balmoral Resources (TSX: BAR; US-OTC: BALMF) has found several nickel sulphide zones in the central part of its Grasset ultramafic complex in Quebec after drilling the area during its late…
Slower growth weighs on base metals but constructive for gold, CIBC says
The negative effects of trade disputes on global growth this year will push down demand for base metals and steel-making commodities, while the economic uncertainty will drive gold prices higher,…
Turquoise Hill production guidance levels off in 2019
Oyu Tolgoi is expected to produce 125,000 to 155,000 tonnes of copper and 180,000 to 220,000 ounces of gold in concentrates this year, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ)…
US markets rise, Jan. 7-11: Hecla, Pretium, Teck
Gold prices rose 0.2% to close the trading week at US$1,286.80, while the Philadelphia Gold and Silver Index fell 0.2% to close at 71.71. The Dow Jones Industrial Average rose…
TSX Venture rises, Jan. 7-11; Cobalt 27, K92, Ascot-IDM
Shares of Cobalt 27 Capital rose 26¢ to $4.44. In January 2019, the company bought Westgold Resources’ royalty on the Mount Marion lithium mine in Western Australia for $240,400, plus…
Auryn finds copper zone at Sombrero in Peru
Auryn Resources (TSX: AUG; NYSE-AM: AUG) has found a zone of oxide copper mineralization at the Milpoc prospect, 12 km south of the Sombrero Main target on its Sombrero North…
Juggernaut drills new gold zone at Midas in BC
Juggernaut Exploration (TSXV: JUGR; US-OTC: JUGRF) has discovered a new gold zone on its Midas gold property in northwestern B.C. after drilling 6.85 grams gold per tonne over 9 metres…
Pacific Empire builds substantial land position in BC’s Babine district
Pacific Empire Minerals (TSXV: PEMC) has consolidated 90 sq. km of contiguous claims in central B.C.’s Babine copper-gold porphyry district into its Paragon copper-gold project after joining its Wasp property…
Sun Metals shows polymetallic potential at Stardust
Sun Metals (TSXV: SUNM; US-OTC: SMTTF) has announced the final results from its 15,000-metre, 2018 drill program at its Stardust polymetallic project in north-central British Columbia. Notable intercepts from the…
US markets rise, Dec. 24-28
The gold price continued a strong December push, rising 1.9% to US$1,280.40. The Philadelphia Gold and Silver Index rose 1.4% to 69.68 and the Dow Jones Industrial Average rose 2.7%…
Power Ore picks up historic Opemiska complex
Power Ore (TSXV: PORE) is buying the Opemiska copper mine complex in Quebec from Explorateurs-Innovateurs de Québec (Ex-In), a private company. Opemiska consists of two past-producing underground mines operated by…