Henry Lazenby

https://staging1.creamermedia.com/

Henry Lazenby

Henry Lazenby is Creamer Media Sr Deputy Editor: North America for Mining Weekly.

Tel: +27 11 622 3744 / +1 647 352 1305

Email: newsdesk@engineeringnews.co.za / henry@miningweekly.com

Trevali's African assets shine as strong Q4 marks year in the black

14th March 2018 Zinc producer Trevali Mining's fourth-quarter performance has sealed a positive year for shareholders, rewarding them with profit as the company's expansion into Africa pays off. The Vancouver-headquartered company reported net income of $25.2-million, or $0.03 a share, up 260% from $7-million,... →

A year of two truths for zinc as new supply responds to tight market

14th March 2018 This calendar year is expected to tell a tale of two outcomes for zinc as tight first-half concentrates and declining metal stocks contrast against new supply coming on stream and building concentrate levels. CRU Group analyst Ryan Cochrane foresees the real cash price of zinc building towards a... →

Only about 60% of potential new gold supply incentivised at $1 300/oz

13th March 2018 Only about 60% of potential new gold supplies are incentivised for a 12% internal rate of return, at a gold price of $1 300/oz, Wood Mackenzie (WoodMac) analyst Vince Madden-Scott told an audience during a recent mining convention, in Toronto. This spells a grim picture for an industry that is... →

China's enviro policies, EV growth two megatrends to boost most commodities

13th March 2018 Chinese actions in recent years to embrace temporary production cuts and enforce stricter environmental regulations are probably here to stay for the long term and have already disrupted a range of commodities, including coal, aluminium, lithium and cobalt production chains. Commodity research... →

Photo by Bloomberg
Cobalt metal nuggets

Eldorado shakes up top management team

13th March 2018 Canadian miner Eldorado Gold has announced several senior management changes following the resignation of its CFO Fabiana Chubbs. Chubbs, who has been CFO since 2011, will leave the company at the end of April. Eldorado said it has started a search for her successor. →

Diamcor seeks more project efficiencies as Krone-Endora at Venetia water runs low

13th March 2018 Explorer Diamcor Mining has launched a nonbrokered private placement worth C$5-million in an effort to address the insufficient recoveries of water from the settling dams at its Krone-Endora at Venetia project, in South Africa's Northern Cape province. The TSX-V-listed miner is finalising... →

Monarques closes C$5m financing with Ressources Québec

12th March 2018 Emerging gold producer Monarques Gold has announced the closing of a C$5-million financing with Ressources Québec. The Montreal-based miner said it has successfully completed a nonbrokered private placement of 12.82-million units at C$0.39 each. →

Drilling starts on Thor's Senegal assets

12th March 2018 Toronto-quoted exploration junior Thor Explorations has puller the trigger on an 8 000 m reverse circulation (RC) drilling programme on its Douta project, in south-east Senegal. This programme follows on from its successful 2017 RC drilling programme that had identified a number of wide,... →

Photo by Thor Explorations
Thor Explorations starts drilling at Douta, Senegal

'Suds' strategy pays through the drill bit as Osisko aims at replicating Canadian Malartic success

8th March 2018 Celebrated Canadian precious metals firm Osisko Mining is aiming to replicate the success of its 9.4-million-ounce Canadian Malartic gold mine discovery – currently Canada's largest producing gold mine – at its flagship Windfall Lake property, located in the Abitibi greenstone belt of Quebec. The... →

Photo by Henry Lazenby
Osisko Mining chairperson Sean Roosen during a keynote address at PDAC 2018, in Toronto

MGX PEA outlines economic case for magnesium oxide production at Driftwood project

7th March 2018 Exploration junior MGX Minerals has released the results of a preliminary economic assessment (PEA) for its Driftwood Creek magnesium project, located in British Columbia, outlining the project's potential to become a high-margin, low-cost producer of magnesium oxide (MgO). The early-stage... →

World's biggest mining show draws huge crowd, signalling mining investment optimism

7th March 2018 The Prospectors & Developers Association of Canada's (PDAC's) 2018 convention, in Toronto, drew an international crowd of 25 606 people, in what is widely considered as a clear sign that optimism is returning to the mineral exploration and mining industry following several years of turmoil.... →

Pending toll milling, Bunker Hill ready to roll in as little as 60 days

7th March 2018 The 'crown jewel' of the Coeur D'Alene zinc, lead and silver mining district, in northern Idaho, could be in initial production in as little as 60 days pending finalisation of a toll milling agreement, after the US Environmental Protection Agency (EPA) signed an agreement releasing owner Bunker... →

Photo by US Environmental Protection Agency
A file photo of the Bunker Hill smelter operating in winter snow during the 1970s.

Nexa a pioneer of the new future of mining – Tito Martins

6th March 2018 Recently rebranded Brazilian miner Nexa Resources is at the forefront of innovating in the mining industry with progressive policies and innovative technologies, an audience attending the keynote session during the Prospectors and Developers Association of Canada's 2018 convention has heard.... →

Photo by Henry Lazenby
Nexa Resources president and CEO Tito Martins addresses the audience during the PDAC 2018 keynote session, in Toronto

Gold-backed ETFs lose 5.1 t in Feb

6th March 2018 The latest data from the World Gold Council (WGC) shows that gold-backed exchange-traded funds (ETFs) have lost 5.1 t of yellow metal during February, but in total added 25.3 t during the first two months of the year. The inflow over the two-month period was mainly boosted by a 10% increase by... →

Building trust between miners, host governments a prerequisite to foster economic prosperity

6th March 2018 Endemic mistrust between private sector miners and African jurisdictions belies the spirit and objectives set out in the African Union's African Mining Vision, an audience attending the eighth MineAfrica panel discussion at the Prospectors and Developers Association of Canada conference heard on... →

Photo by Henry Lazenby
MineAfrica 8th Panel Discussion on African Mining in 2018-Politics, Policies and Opportunities

Largo aims to expand market reach with new powder product capability

5th March 2018 Vanadium producer Largo Resources will qualify, produce and sell vanadium pentoxide (V2O5) powder to supplement its current V2O5 fused flake production. The Toronto-headquartered company will explore the new product offering through its existing exclusive offtake partner Glencore International,... →

Acoustic Zoom triumphs in #DisruptMining technology innovation contest

5th March 2018 Three-dimensional (3D) drill hole seismic imaging technology innovator Acoustic Zoom has won the second annual #DisruptMining contest. Acoustic Zoom aims to unlock the potential of Canada's mineral exploration sector with high-frequency 3D imaging to help map complex geological formations deep... →

Global metals exploration likely to rise 20% in 2018 – S&P Global

5th March 2018 Global mining exploration budgets are expected to swell about 20% in 2018, bolstered by the generally positive trend in metals prices extending into early 2018, a new report by S&P Global Market Intelligence has found. Global spending on the search for nonferrous metals rose 15% year-on-year in... →

Nautilus secures further bridge funding

5th March 2018 TSX-listed marine mining project developer Nautilus Mining has secured a further bridge loan of up to $34-illion from Deep Sea Mining Finance, which is intended to tide the company over until it is able to start undersea mining at its flagship Solwara 1 project, offshore Papua New Guinea (PNG).... →

Trevali options BMC-based Murray Brook deposit; forms strategic exploration alliance with Puma

5th March 2018 Zinc-focused explorer, project developer and miner Trevali Mining has signed a letter of intent (LOI) with junior Puma Exploration to acquire an interest in the Murray Brook deposit, located in New Brunswick's Bathurst Mining Camp (BMC). The Vancouver-based miner said on Friday that it will also... →

New exploration tool harnesses cosmic rays to find mineral deposits

5th March 2018 A Vancouver-headquartered technology firm CRM Geotomography Technologies has developed a technology that exploits cosmic ray muons to find mineral deposits hidden underground. A spin-off company of TRIUMF Innovations, the commercialisation arm of TRIUMF – Canada's national particle accelerator... →

Barrick's Porgera JV suffers PNG earthquake setback; Moody's boosts ratings

4th March 2018 Canadian miner Barrick Gold has reported significant damage to the power plant that supplies electricity to the Porgera joint venture, following a 7.5 magnitude earthquake that struck Papua New Guinea (PNG) on February 26. However, the NYSE- and TSX-listed miner said it does not expect the... →

Nevsun narrows Q4 loss on impairment reversal

4th March 2018 Base metals producer Nevsun Resources has reported a narrower fourth-quarter loss of $3.8-million, or $0.01 a share, as the bottom line benefitted from the partial reversal of an impairment charge previously booked on zinc ore stockpiles. The Vancouver-headquartered company advised that based on... →

Nautilus PEA outlines the low-cost production potential of Solwara 1

2nd March 2018 Toronto-based Nautilus Minerals has published a new preliminary economic assessment (PEA) for its Solwara 1 seafloor copper/gold project, located in the Bismarck Sea offshore Papua New Guinea (PNG). The Toronto-based prospective marine miner reported an undiscounted after-tax net cash flow of... →

Lupaka PEA reports 'robust' economics for Invicta

2nd March 2018 Peru-focused gold explorer and project developer Lupaka Gold has reported strong financial metrics in a new preliminary economic assessment (PEA) for an initial production scenario at its Invicta project. The PEA evaluated the economic viability for the underground mining of indicated and... →

First Majestic rises despite missing consensus earnings forecast

2nd March 2018 NYSE- and TSX-listed precious metals producer first Majestic Silver has swung to a net loss of $56.1-million, or $0.34 a share for the three months ended December, mainly owing to a $65.5-million impairment charge on the Del Toro Silver mine. The Vancouver-headquartered miner reported an adjusted... →

Secova quadruples Quebec-based cobalt portfolio

1st March 2018 Junior explorer Secova Metals enjoyed a 25% bump in its TSX-V-listed equity this week after it reported the acquisition of a numbered British Columbia company that added 40 claims or about 2 186 ha of prospective cobalt lands to its portfolio, located in eastern Quebec. The exploration assets... →

Canadian petroleum producers outline four-point plan to combat ailing investor confidence

1st March 2018 Rising government costs, the burden of inefficient regulations, and the lack of infrastructure to move Canadian energy to growing markets are undermining investor confidence in Canada, a new report by the Canadian Association of Petroleum Producers (CAPP) has found. Published earlier this week,... →

Miners broadly welcome federal Budget 2018 bar some caveats

1st March 2018 The Canadian mining industry has welcomed the federal 2018 budget that was announced this week, highlighting particular support for the extension of the Mineral Exploration Tax Credit and several additional funds made available for critical skills training. Canada's Budget 2018, tabled by... →

Photo by Reuters
Canada's Finance Minister Bill Morneau delivers the budget in Ottawa

Dajin's Argentina JV hits high grades as the company readies for Nevada drilling

28th February 2018 A surface sampling programme focused on an area of overlapping interest of the Salinas Grandes project, in Argentina – a joint venture (JV) property owned by Toronto-based LSC Lithium and Vancouver-based Dajin Resources – has extended the lithium footprint and confirmed the high-grade nature of... →

Seabridge goes the extra enviro mile with Johnny Mountain, Bronson mine clean-ups

28th February 2018 Precious metals-focused project developer Seabridge Gold has undertaken significant effort to remediate the historic mining activities at the Johnny Mountain and Bronson mines, in north-western British Columbia, spending about C$6-million to date to ensure that the Iskut project is in compliance... →

Photo by Seabridge Gold
The Johnny Mountain area around old mill building after Seabridge Gold's remediation efforts

EY's Mining Eye index puts in solid Q4; M&A activity muted ahead of PDAC

28th February 2018 The EY Canadian Mining Eye index has showed a fourth-quarter gain of more than 2% quarter-on-quarter, to 4%. The increase in the Canadian Mining Eye index's performance suggests confidence in pursuing growth is returning to the sector, after an extended period of volatility, according to EY. The... →

Fission exploration continues to grow PLS mineralisation

27th February 2018 On the heels of announcing a 30% resource expansion at its flagship Patterson Lake South (PLS) project, in North-Western Saskatcewan, Fission Uranium is again making waves after the first four drill holes of the winter drill campaign hit wide mineralisation. The Kelowna, British Columbia-based... →

Anaconda lifts Point Rousse resource estimate

27th February 2018 Junior gold producer Anaconda Mining has filed a new resource estimate for its Point Rousse gold project, located near Baie Verte, in Newfoundland and Labrador. Effective from December 31, the latest resource estimate for the project comprise the Pine Cove, Stog'er Tight and Argyle deposits,... →

Osisko cuts more high-grade intercepts at Lynx

27th February 2018 Gold explorer Osisko Mining has reported more high-grade intercepts as it progresses an 800 000 m drill programme at its Windfall Lake project, located in the Abitibi greenstone belt of Quebec, the company announced on Tuesday. The Toronto-based explorer announced significant new analytical... →

Osisko outlines 50 000 m drill campaign for Pine Point

27th February 2018 Base metals explorer Osisko Metals has revealed plans for a 50 000 m drilling programme for its Pine Point zinc/lead property, located in the Northwest Territories. The Montreal, Quebec-based company advised that, since the acquisition of the property closed early this month, it has mobilised... →

BC establishes mining task force to grow jobs

27th February 2018 The British Columbia government has established the long-awaited Mining Jobs Task Force on Monday. The task force has its roots in the 2014 Mount Polley mine tailings pond failure in the Cariboo region of the province, and is established amid intensifying disputes with Alaska over downstream... →

Photo by British Columbia Government
BC Minister of Energy, Mines and Petroleum Resources Michelle Mungall announces the provincial Mining Jobs Task Force

#DisruptMining competition heats up as four finalists named

27th February 2018 The #DisruptMining mining innovation challenge has named the four finalists who will compete against each other during the grand finale to be held during the Prospectors and Developers Association of Canada's yearly convention early in March. The yearly competition, hosted by gold miner... →

Endeavour Silver rises 6% as it swings back into the black

27th February 2018 Dual-listed precious metals producer Endeavour Silver has swung to a fourth-quarter profit on the back of stronger output and higher metals prices. Headquartered in Vancouver, and maintaining equity listings on the TSX and NYSE, Endeavour announced net earnings of $2.7-million, or $0.02 a... →

Hecla enters toll-milling accord with Excellon

27th February 2018 US gold producer Hecla Mining has signed a toll milling agreement with Mexico's highest-grade silver miner Excellon Resources, to process sulphide ore from the San Sebastian mine, in Mexico, at Excellon's Miguel Auza flotation mill facility. The ore will be trucked 42 km between the two... →

Freeport-McMoRan enters option to earn 65% of Northisle's Pemberton Hills property

27th February 2018 Copper major Freeport-McMoRan has entered an option agreement with Northisle Copper and Gold to earn a 65% interest in the Pemberton Hills property, located on Vancouver Island. The Pemberton Hills target is a 3.5 km by 1.5 km area of advanced argillic alteration similar to that observed at... →

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