Tahoe cutting 250 jobs at Escobal mine in Guatemala on reopening delays
Canadian miner cited uncertainty over whether it will ever have its mining license for the operation reinstated as main reason for the layoffs.
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McEwen 2017 output fails to impress, but gold prices boost shares
The Canadian precious metals miner produced 109,947 gold ounces and 3,178,742 silver ounces, last year, roughly in line with full-year guidance of 109,500 ounces of gold and 3,337,000 silver ounces.
Gem Diamonds shares on fire as miner finds 910-carat rock
Massive find is believed to be the fifth biggest gem-quality diamond ever found
New indicated resource points to expansion at New Century Zinc Mine
The re-start of a mothballed zinc mine in Australia is turning out to have a strong upside for both the mining company and its investors.
Mike Beck: Battery metals part 4 – Unprecedented demand picture forming in copper
The average E.V. requires 80kg more copper than a regular vehicle. There is also significant copper needed to build out E.V. infrastructure in the power grid as well as battery charging infrastructure.
China imported a record amount of iron ore in 2017
Hunger for high-quality iron ore from Australia and Brazil pushed Chinese imports of the steelmaking ingredient to a record high in 2017.
Gold gains $21 in 3 days on T-bond selloff
Gold enjoyed a nice lift late last week as the yellow metal cruised to $1,337.40 at the close of trading Friday in New York.
2 dead, 17 miners missing following Peru earthquake
An earthquake in Peru on Sunday has claimed two lives and caused an illegal mine to collapse.
Chinese bitcoin miners eye sites in energy-rich Canada
China’s Bitmain Technologies is eyeing bitcoin mining sites in Quebec, a company spokesman told Reuters, as expectations of a potential Chinese crackdown on cryptocurrency mining make the energy-rich Canadian province an attractive alternative.
