Rio Tinto and Star Diamond make peace
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) and Canadian junior Star Diamond (TSX: DIAM) have reached an agreement to end a long drawn out dispute over the development of…
2021
Anglo American flags major design changes at UK fertilizer project
Anglo American (LSE: AAL; US-OTC: AAUKF) has flagged major design changes to the vast fertilizer project being built beneath the North Yorks Moors national park in England, which it acquired last…
Improved interest in gold among US investors: BMO
In a “significant” shift in sentiment in the United States this week, investors appeared to be more interested in gold, according to BMO Capital Markets’ mining analyst Jackie Przybylowski. The…
Kinross Gold to acquire Great Bear Resources for $1.8B
Gold miner Kinross Gold (TSX: K; NYSE: KGC) is acquiring junior explorer Great Bear Resources (TSXV: GBR; US-OTC: GTBAF) for $1.8 billion (US$1.4 billion) in order to get its hands…
ICMM members paid US$23.7B in taxes in 2020
The 28-members of the International Council on Mining and Metals (ICMM) reported total tax payments of US$23.7 billion in 2020, an effective tax rate of 39.7%, and an increase of…
Otso Gold CEO detained in Finland on suspicion of fraud
A former CEO of Otso Gold (TSXV: OTSO), Brian Wesson, has been detained in Finland and remains in pre-trial custody under criminal suspicion of aggravated embezzlement and payment fraud, the…
Scotiabank’s Marc Desormeaux on 2022 outlook
Marc Desormeaux leads Scotiabank Economics’ regional economic forecasting and commodity market coverage and is the creator of Scotiabank’s Provincial Outlook, the department’s quarterly forecast publication on Canada’s provincial economies. Prior…
Infinitum Copper plans IPO in January; advances Adelita project in Mexico
With an “A” team of technical advisors, Infinitum Copper has big plans for its Adelita copper project in Mexico, and plans to list on the Toronto Venture Exchange early next…
Serabi Gold’s Coringa project in Brazil hit by court ruling
Shares in Serabi Gold (TSX: SBI; LSE: SRB) fell today after a Brazilian judge ruled that no future licenses or titles should be granted to the company until it is proven…
2022: Another year to disappoint irrational expectations
While 2020 and 2021 have been brutal overall, the reality is that they have been very good for gold and silver. The first part of 2021 was good for platinum,…
Mining tycoon Beny Steinmetz arrested in Greece
The Israeli billionaire, who was convicted of minerals rights-related bribery in January by a Swiss court, remains in the country.
Goldshore Resources reports near-surface gold mineralization at Moss Lake project
Assays from two drill holes at Goldshore Resources’ (TSXV: GSHR; US-OTC: GSHRF) flagship Moss Lake gold project in northwestern Ontario returned several wide intercepts of near-surface gold mineralization. Drill hole…