Gold is a precious metal that has been recognized for its value since ancient times. It has been used as money, as a medium of exchange, and as a store of value. But despite its long history and its many uses, gold often gets overlooked or “no respect” in comparison to other metals. This is…
Toronto Stock Exchange (TSX) CEO Lou Eccleston has said that mining firms are likely to lead capital raisings in Canada in the near future. In an interview with Bloomberg TV Canada, Eccleston said that the TSX is seeing a lot of exploration activity, particularly in precious metals and base metals. He noted that many companies…
Hecla Mining Company (NYSE: HL) recently announced its acquisition of Alexco Resource Corp. (NYSE American: AXU) in an all-stock transaction valued at approximately $152 million. The acquisition will add Alexco’s high-grade silver and gold assets to Hecla’s portfolio. Hecla Mining is a leading silver and gold producer with operations in the United States and Canada….
In 2023, Goliath’s drilling initiative broadened and enhanced the Sure bet and Bonanza Shear zones, uncovering a novel gold-silver zone that introduces the possibility of significant deeper discoveries. Last year, over 34,000 meters of drilling at Golddiggers substantially augmented the dimensions and quality of the Sure bet and Bonanza Shear zones, while introducing the newly…
DiamondCorp Plc, a London-based diamond mining company, saw its shares surge today following news that it had secured funding for its Lace mine in South Africa. The news sent the company’s stock up nearly 10 percent in early trading, as investors responded positively to the news. The Lace mine, located in the Free State province…
China achieved a record-high in iron ore imports for the year 2023, reflecting a 6.6% increase compared to the previous year, as reported by customs data on Friday. The General Administration of Customs in China disclosed that the total iron ore imports for the year amounted to approximately 1.18 billion metric tons. This milestone marked…
Mining in Australia dates back to the early 1800s, when explorers discovered vast deposits of minerals and metals in the continent. In the 19th century, the gold rushes of the 1850s and 1860s saw hundreds of thousands of fortune seekers converge on the country in search of wealth. These gold rushes were followed by a…
Many mining companies are following the following steps to extract gold from the earth surface. As technology improves more and more mining techniques are being discovered to make the work simple. Literature Survey: In India lot of government agencies are taking out verification surveys on gold mining. Among those agencies there are two main agencies….
Gold plunged to its lowest since April 2020 on Thursday amid expectations of more aggressive interest rate hikes by the Federal Reserve despite a fresh round of mixed data on the US economy. Spot gold dipped 0.4% to $1,688.24 per ounce by 11:50 a.m. ET, having already fallen below the $1,700 mark earlier in the…
Sirius Minerals, a London-based mining company, has announced a major deal with a major Asian partner that will help it to develop its flagship project in the North York Moors in the UK. The deal, worth an estimated £2.5 billion, will see Sirius Minerals partner with the Japanese trading house Mitsui & Co Ltd to…