MC Mining (LON:MCM) has completed an offtake agreement with ArcelorMittal South Africa which will use the Makhado mine as its domestic supplier for steel as until now, it had to import the vast majority of its coking coal needs. Initially, ArcelorMittal commits to purchase 350,000 tonnes of hard coking coal […]
Bardoc Gold (ASX:BDC) has now successfully traced the gold mineralization at depth at the Alpha Lode part of the Aphrodite zone (which contains 1.56Moz gold at a grade of 2.4 g/t, including 816,000 ounces in an open pit at 1.7 g/t) as the company intersected 11 meters at 3.64 g/t […]
Skyharbour Resources (SYH.V) has completed its spring drill program which consisted of 2,783 meters in 7 drill holes (one was drilled at Nutana (1), three were drilled at the newly discovered Otter Zone (holes 2-4), two were drilled on the main zone (holes 5 and 7) and one hole was […]
Integra Resources (ITR.V) has released an updated resource estimate on its DeLamar project where it’s currently earning a 100% interest. The total resources increased by just over 20% on a gold-equivalent basis, but what’s more important is that roughly 90% of the ounces are now part of a measured and […]
Delrey Metals (DLRY.C) has reported the updated assay results from its Four Corners project in Newfoundland in Labrador as the company’s consultants have now used a metaborate fusion assay method to re-sample some of the historic drill core. Applying the metaborate fusion method should result in a more complete digestion […]
Newcrest Mining (ASX:NCM) has mobilized a drill rig to the Havieron project pursuant to an earn-in agreement with Greatland Gold (LON:GGP), whereby Newcrest will be able to earn an interest of up to 70% in the project by spending at least US$65M on exploration on the property. The initial drill […]
A few weeks ago, we were talking to the portfolio manager of a ‘generalist’ high-net-worth individual who only sporadically dabbles into mining. Despite having a clear focus on mainstream investments, he also wanted to have some low-risk exposure to the gold sector and we learned his core positions in mining […]
A little while ago, Atalaya Mining (AYM.TO, LON:ATYM) reported its financial results of the first quarter of the year after it had already pre-published its production results (re-read them here). The impact of the lower copper price ($2.80 per pound on average) was mitigated by an 8.2% production increase as […]
White Rock Minerals (ASX:WRM) and partner Sandfire Resources (ASX:SFR) have started a new drill program on the Red Mountain VMS project in Alaska. Two diamond drill programs have been approved as one of them will follow up on the discovery of the Hunter zone last year, and a second drill […]
Western Copper and Gold (WRN.TO, WRN) has started a 10,000 meter drill program on the Casino copper-gold project in Canada’s Yukon Territory. The drill program will be completed by two diamond drill rigs that will punch holes with depths ranging from 150 meters to 400 meters, in an attempt to […]
Lucapa Diamond (ASX:LOM) (not to be confused with Lucara Diamond) has sold 7,008 carats of rough diamonds at an auction in Antwerp for a total of US$3.5M, including some diamonds selling for US$26,000 per carat which is substantially higher than the average sales price of US$588/carat for the total production […]
Maya Gold & Silver (MYA.TO) grabbed the headlines in April when the company announced the results of its Preliminary Economic Assessment on its Boumadine project, which shows an after-tax Internal Rate of Return of 53% and a NPV6.5% of almost US$498M. Impressive numbers for pretty much any mining project in […]
