Argonaut Gold’s Magino is Canada’s newest producer despite soaring costs, delay
After it poured first gold at Magino on June 15, production was delayed by a month while a mill was repaired.
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Gold stocks lagging
The gold miners’ stocks are lagging gold’s strong young upleg, their gains falling behind.
Ascot drills highest-grade gold intercept since 2015; shares rise
New results included an intercept of 691.5 g/t gold over 0.9 metre, contained within an interval of 98.84 g/t gold over 6.48 metres.
First Quantum shares up as Panama Congress leaves contract intact
Cobre Panama has not stopped producing copper despite recent protests and blockades, though it has faced disruptions.
Northern Graphite reopens North America’s only producing mine
Lac des Iles graphite mine and plant in Quebec were suspended in the second and third quarters on weak market conditions.
Iron ore price logs second weekly gain on China stimulus, sound fundamentals
Chinese policymakers said that Beijing would strengthen efforts to reduce local debt risks and help with financing demands for property enterprises.
In diamond centre Antwerp, Russian gems are already shunned
Major Western jewellers, from Tiffany's to Cartier and Van Cleef & Arpels have all been keen to distance themselves from Russia's lucrative diamond trade.
Mining People: Golden Independence, Mandalay, Sigma Lithium, Teck, Nickelex, Strathmore
Key moves in the mining sector.
Nornickel board recommends dividend, approves stock split
Nornickel this year failed to pay dividends on its 2022 results for the first time in 14 years.
