TNM Drill Down: Wesdome’s Eagle River tops gold assays as it expands Ontario mine
Our TNM Drill Down features highlights of the best gold assays of the past week, Feb. 16-23. Drill holes are ranked by gold grade x width as identified by data…
Canada
Legal battle looms amid Cat Lake Nation, First Mining road dispute
Cat Lake First Nation has launched legal action to halt construction of an 18-km access road crucial to First Mining Gold’s (TSX: FF; US-OTC: FFMGF) Springpole project in northern Ontario….
Fury Gold buys Newmont’s half of Éléonore South project in Quebec
Fury Gold Mines (TSX, NYSE: FURY) is spending $4.3 million to buy Newmont’s (NYSE: NEM, TSE: NGT) half of the Éléonore South project next to the mine of the same…
Patriot Battery Metals aims to fast-track Corvette lithium production
Patriot Battery Metals (TSX: PMET; ASX: PMT) has leveraged its management’s experience in Australia — the world’s largest lithium producer — to make lightning-fast progress at its Corvette project in…
Feds must force pensions to fund Canadian mining, Lassonde, Giustra say
Ottawa has to pressure pension funds to invest billions in Canadian mining, a radical change from their almost non-existent stakes, if the industry is ever going to produce enough metals…
What to expect in 2024 after diamond sector’s price plunge
It’s been a tough ride for the diamonds sector since rough prices hit an all-time high in the first quarter of 2022. Last year rough prices fell 15-20% according to…
Newmont to sell mines in Canada, Australia after Newcrest buy
Newmont (TSX: NGT; NYSE: NEM) says it plans to sell six inessential assets including mines in Quebec, Ontario, the Yukon and Western Australia to cut debt. The list contains the…
Teck hits record copper production on Quebrada Blanca ramp-up
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) beat profit estimates for the fourth quarter of 2023 on the back of higher steelmaking coal sales, record copper production and strong prices…
BC does about-face on proposed Land Act changes
British Columbia announced on Wednesday it will not proceed with proposed amendments to the Land Act that observers say would have granted Indigenous groups more power over mining leases issued…
Why uranium above US$100 per lb. is ‘sustainable’ — and likely headed higher
Mining analyst David Talbot began covering the uranium sector in June 2007 – the same month uranium prices reached their all-time high of US$136 per lb., then rapidly retreated. Prices…
Red Cloud’s Talbot shares his top uranium picks
With investors flocking into the uranium space over the past year as the spot price has doubled, we asked David Talbot, Red Cloud Securities managing director and head of equity…
First Quantum inks US$500M offtake amid Panama turmoil
First Quantum Minerals (TSX: FM) says it’s landed a US$500-million offtake agreement with its largest shareholder, China’s Jiangxi Copper, to help shore up finances shredded by its Cobre Panama mine…