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Alexco tables PFS for Keno Hills in Yukon

Alexco Resource has tabled a prefeasibility study (PFS) for its wholly owned Keno Hills silver project, in Yukon, that assigns the project a $101.3-million after-tax net present value at a 5% discount-rate, and a 74% after-tax internal rate of return (IRR). It assumes a life-of-mine $17.90 per oz. silver price. Alexco expects the underground operation would […]

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West Africa — an emerging gold exploration investment hotspot

West Africa is well endowed with mineral resources, and many world-class deposits have been discovered there in recent years. The region is a key source of gold, iron ore, bauxite, diamonds, phosphate, uranium, and its mainly untapped mineral wealth provides exceptional greenfield development potential. But despite increased interest in the whole spectrum of commodities in […]

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Told-you-so rout hammers palladium in worst week since 2016

Palladium is heading for the biggest weekly decline in more than three years as investors’ focus turned to demand amid concerns over slowing global growth. The metal used in auto catalysts to curb emissions sank 17 percent in three days from Tuesday before paring losses, putting it on course for an 11 percent weekly drop. […]

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Russia is stocking up on gold as Putin ditches U.S. dollars

Vladimir Putin’s quest to break Russia’s reliance on the U.S. dollar has set off a literal gold rush. Within the span of a decade, the country quadrupled its bullion reserves, and 2018 marked the most ambitious year yet. And the pace is keeping up so far this year. Data from the central bank show that […]

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Chile's Codelco copper output drops in 2018, costs rise

SANTIAGO, March 29 (Reuters) – Chilean state miner Codelco produced slightly less copper in 2018 than the year before, the company reported on Friday, as it continued to contend with declining ore grades at its aging mines. Chief Executive Nelson Pizarro said the company produced 1.678 million tonnes of copper at its own mines in […]

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Maverix to buy most of the silver from Ascendant’s Honduran mine

Canada’s Maverix Metals (TSX-V: MMX) entered this week into a life of mine purchase and sale agreement for silver produced from the El Mochito mine, owned and operated by Ascendant Resources (TSX: ASND) in Honduras. El Mochito’s production guidance for 2019 is between 850,000 and 1,200,000 ounces of contained silver in concentrate In a press […]

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American Manganese to help US government recover lithium-ion battery materials

American Manganese (TSX.V: AMY) announced this week that it will participate in a U.S. Department of Energy project to advance the economic recovery of lithium-ion battery materials from electric vehicles and other consumer goods. In a press release, the British Columbia-based firm explained that the project is titled “Lithium-Ion Battery Disassembly, Remanufacturing, and Lithium & […]

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Polish looking for ‘Nazi Gold Train” finds another kind of treasure

More than three years after two treasure hunters claimed to have found a Nazi train laden with gold and gems in the Polish city of Walbrzych, one of the men looking for it has unearthed another kind of treasure: two dozen priceless Renaissance portraits. Piotr Koper, who spent years hunting for the elusive train rumoured to be laden […]

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Petra Diamonds shares jump on 425.1-carats discovery at Cullinan

Shares in Petra Diamonds (LON:PDL) jumped more than 8% on Friday after the miner announced it had dug up a 425.1 carat, D-colour, Type II gem quality diamond at its iconic Cullinan mine in South Africa. The discovery comes less than a month after Petra found a 100.83 carat gem-quality white diamond at the same mine, […]

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Europe aims to take its place on the global EV battery production stage

The European Commission is eyeing opportunities within the EU’s minerals and mining sector, and has put forward, in its Strategic Action Plan (SAP) on batteries, a comprehensive set of targeted measures to make Europe a global leader in sustainable battery production and use. The SAP focuses on including raw materials research and innovation, financing and […]