TSX up, Jan. 18-22
The S&P/TSX Composite Index fell 0.35% to 17,845.91 during the Jan. 18-22 trading week. The S&P/TSX Global Mining Index rose 1% to 105.65, and the S&P/TSX Global Base Metals Index…
News
Whitehorse Gold advances Skukum project in the Yukon
For a junior exploration company that started trading on the TSX Venture Exchange in late November 2020, Whitehorse Gold (TSXV: WHG) has made significant progress at its 100%-owned Skukum gold project in…
Gold Fields begins construction of Chilean project
South African miner Gold Fields (NYSE: GFI) has formally begun construction of the mining infrastructure for its Salares Norte project in northern Chile. The company expects to complete the US$860 million project in late 2022, with…
Outlook for base metals remains strong, analysts say
Haywood Securities is raising its price forecasts for copper this year from US$3.00 per lb. to US$3.50 per lb.; for zinc from US$1.10 per lb. to US$1.25 per lb.; and…
Lynas shares jump on deal for US rare earth plant
Australian rare earths miner Lynas Corp.’s (ASX: LYC) shares jumped on Friday after it announced a deal with the U.S. government to build a commercial light rare earths separation plant in Texas….
Developing a market for scandium oxide
If you blinked you might have missed the news last week but it was extraordinary: Rio Tinto (NYSE: RIO; LSE: RIO) and the Quebec government announced they are building a…
Remote Roundup looks at commodities and financial markets
Wrapping up the second day of the Association for Mineral Exploration’s (AME) Remote Roundup 2021 was a virtual session that brought together a group of industry experts who provided their…
Harte to proceed with Sugar Zone expansion based on positive feasibility
Ontario-focused Harte Gold (TSX: HRT; US-OTC: HRTFF) has announced plans to go ahead with an expansion of its Sugar Zone mine to 1,200 tonnes per day, from the current 800…
Eldorado to buy QMX Gold for US$105 million
Eldorado Gold (TSX: ELD; NYSE:EGO) is buying QMX Gold Corp. (TSXV: QMX) by acquiring all the shares it doesn’t already own in the Quebec-focused explorer, in a deal worth $132 million…
Remote Roundup discusses Canada’s role in the green economy
The second day of the Association for Mineral Exploration’s (AME) Remote Roundup 2021 opened with Stephen Piercey, professor of economic geology in the Department of Earth Sciences at Memorial University…
Gatos Silver puts Mexican mine into production and then lists on TSX/NYSE
It’s unusual for a privately held company to put a mine into production before it becomes a publicly listed company. “It’s incredibly rare – by and large it’s virtually impossible…
First Mining Gold releases PFS on open pit development at Springpole
First Mining Gold (TSX: FF) has released the results of a prefeasibility study on an 11-year, 30,000 tonne per day open pit operation at its Springpole gold project in northwestern…