TSX up, Feb. 1-5
The S&P/TSX Composite Index jumped 4.61% to 18,135.90 during the Feb. 1-5 trading week. The S&P/TSX Global Mining Index rose 3.29% to 104.10, and the S&P/TSX Global Base Metals Index…
Africa
Global gold output to rise 5.5% in 2021, Global Data reports says
After declining in 2019, global gold production was adversely affected by the Covid-19 pandemic during 2020, while the suspension of expansion works and contractions from mines nearing closure also exacerbated…
Gem Diamonds ends 2020 with a bang as demand improves
Africa-focused Gem Diamonds (LSE: GEMD) ended 2020 in much better shape than many of its peers as it recorded revenue growth driven mostly by a sharp recovery in prices and sales…
Glencore inks “ethical cobalt” deal with Norway’s FREYR
Miner and commodities trader Glencore (LSE: GLEN) has inked a preliminary deal with Norwegian battery producer FREYR to supply 3,700 tonnes of “ethically sourced” cobalt metal cut cathodes. The cobalt,…
Odds ‘n’ Sods Part I: Finding a job as a geologist in the 1980s
We all have our firsts in life; the stories of those defining moments that changed things forever. First beer, first kiss, first car. How about your first job? Here’s how…
Odds ‘n’ Sods Part II: Sinking shafts in South Africa–hot, dangerous, and exhilarating
Earth scientists are a well-educated bunch, although we don’t always come across as clever when we’re five beers into our cups. Most geologists — other than self-taught prospectors — have…
US markets up, Jan. 18-22
The Dow Jones Industrial Average rose 0.6% to finish the week at 30,996.98 and the S&P 500 climbed 0.02% to 3,841.47. Spot gold jumped US$26.90 per oz., or 1.47%, to…
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…
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…
Roxgold hits high grades at Seguela in West Africa
Roxgold (TSX: ROXG; US-OTC: ROGFF) has released assay results for reverse circulation and diamond tail drilling completed at the Koula deposit within its Seguela development project in Côte d’Ivoire. The…
Lucara kicks off 2021 with 341-carat white diamond find
The unbroken white diamond, found at the Karowe mine in Botswana, could fetch more than $10 million.
Barrick meets mid-range of 2020 production guidance
Last year, gold major Barrick (TSX: ABX; NYSE: GOLD) met the midpoint of its gold and copper output targets. The miner generated a total of 4.8 million oz. of gold…