Ecuador court issues setback for US$3B copper project
Licence has not been revoked, which means there’s still a chance for the Llurimagua project to become Ecuador’s next big copper mine.
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Intrepid Metals jumps on Corral project copper cuts near site of Wyatt Earp gunfight
The first 12 holes Intrepid Metals (TSXV: INTR; US-OTC: IMTCF) drilled since February on its Corral copper project in Arizona have returned grades as high as 6.8% in triple-digit-metre cores,…
Cornish Metals’ UK tin project worth over US$200M, new study says
A preliminary economic assessment (PEA) for Cornish Metals‘ (LSE: CUSN; TSX-V: CUSN) South Crofty tin project in England gives it a post-tax net present value (NPV) of US$201 million at…
Patriot drills high-grade lithium hits as resource upgrade nears
Shares in Patriot Battery Metals (TSX: PMET; US-OTC: PMETF; ASX: PMT) rose 4.5% to $6.93 apiece Wednesday on news about lithium assays as high as 1.66% lithium oxide (Li2O) at…
Glencore takes 15.4% Stillwater Critical Minerals stake
Swiss diversified miner Glencore (LSE: GLEN) has increased its stake in Stillwater Critical Minerals (TSXV: PGE; US-OTC: PGEZF) to 15.4% for a total investment of $7.1 million in less than…
Explorers need majors to fund innovation: report
Explorers depend almost exclusively on established miners for innovation even though larger companies restrain their pioneering research, according to a new study. Almost 90% of the industry says explorers don’t…
Sitka Gold’s first hole of 2024 ‘most consistent’ yet at RC project in Yukon
Sitka Gold (TSX-V:SIG; US-OTC:SITKF) reported grades Wednesday of up to 1.16 grams gold per tonne over 191 metres in its first drill hole of the year at its RC Gold…
Thesis Gold gains on new resource hiking Lawyers-Ranch tonnage in B.C.’s Toodoggone area
Thesis Gold (TSXV: TAU; US-OTC: THSGF) says an updated resource at the combined Lawyers-Ranch gold silver project in British Columbia increases the tonnage by nearly a third compared with a 2022…
Barrick’s Mali mine feeds Russian war machine, advocacy group says
Barrick Gold (TSX: ABX; NYSE: GOLD) faced criticism outside its annual general meeting on Tuesday in Toronto for supporting Malian rulers with ties to Russia. The operator of the Loulo-Gounkoto…
Bullion demand rises on central banks, East-West investor flip-flop, gold council says
Gold demand increased 3% during the first quarter because of buying by central banks, Asian investors and jewellers, the World Gold Council says in a new report. Purchases rose to…
Antarctic volcano spews US$6,000 worth of gold daily
Mount Erebus spews around 80 grams of gold into the frigid air of Antarctica daily.
Cameco shares drop on ‘disappointing’ first quarter loss
Cameco (TSX: CCO; NYSE: CCJ) shares fell 7% Tuesday after first quarter results showed net losses of $7 million. The uranium major’s adjusted net earnings fell 51% to $56 million, a…