Swedish miner Boliden has announced a €40-million expansion of its nickel operations at Harjavalta, Finland.
The expansion in the nickel line at the nickel smelter will increase the feed capacity from 310 000 t/y to 370 000 t/y of raw material.
The e…
Boliden announces €40m nickel expansion in Finland Read More »
PERTH (miningweekly.com) – Higher gold production and increased sales prices has seen gold miner Resolute Mining report increased revenues and profits for the six months ended June.
The company on Friday announced a net profit after tax of $36.3-milli…
Resolute reports respective interim Read More »
Canada-based explorer SilverCrest Metals has acquired the El Picacho property, near its Las Chispas project in Sonora, Mexico.
SilverCrest paid $1.6-million for a 100% ownership in 11 mining concessions of the property, totalling about 7 060 ha.
“We …
SilverCrest acquires property near Las Chispas Read More »
Gold headed for a third weekly drop as investors weighed the impact of the Federal Reserve’s new approach to setting US monetary policy, with a more relaxed stance on inflation.
Chair Jerome Powell said that the Fed will seek inflation that averages 2…
Gold heads for third weekly decline as Powell’s speech assessed Read More »
Workers at Indonesia’s Grasberg gold and copper mine on Friday ended a protest demanding an easing of a coronavirus lockdown at the mine operated by a local unit of Freeport-McMoran, a workers’ representative and the company said.
Mining operations we…
Freeport Indonesia workers end protest over Covid-19 lockdown Read More »
Canadian junior Abcourt Mines is reopening the Sleeping Giant mine, halfway between Amos and Matagami in Abitibi, Quebec, with the aim of processing some ore at the end of September, or early October.
The TSX-V-listed company acquired the Sleeping Gia…
Abcourt to reawaken Sleeping Giant Read More »
Glencore will likely sell its entire 73.1% stake in Zambia’s Mopani Copper Mines to the government’s mining investment arm ZCCM-IH rather than becoming a minority stakeholder, two sources with direct knowledge told Reuters.
Zambia and Swiss-based Glen…
Glencore puts entire stake in Mopani on the table in talks with Zambia – sources Read More »
JSE-listed chrome miner Merafe Resources now expects to report a basic loss a share of between 37.6c and 39c for the six months ended June 30.
This compares to basic earnings a share of 6.6c apiece reported in the six months ended June 30, 2019.
Merafe expects to report up to 39c loss a share Read More »
Source: Matt Badiali for Streetwise Reports 08/28/2020
Independent financial analyst Matt Badiali discusses what the Fed chairman’s comments mean to precious metals.
My grandfather is rolling over in his grave right now….
Jerome Powell Just Granted Every Gold Bug’s Wish Read More »
Source: Bob Moriarty for Streetwise Reports 08/28/2020
Bob Moriarty of 321gold discusses corrections in the precious metals market and profiles an explorer that’s about to start a drill campaign.If you read the writing of…
Brigadier Gold Drills in Elephant Country Read More »
