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First Cobalt starts permitting and environmental programmes at Iron Creek

By: Tasneem Bulbulia     9th January 2019 First Cobalt has appointed consultants Brown and Caldwell to provide guidance on permitting and to develop an environmental baseline study strategy for its Iron Creek project, in Idaho. “On the heels of the maiden resource estimate announced in the fall, this is one of a series of technical... 

eCobalt sees potential 1 200 t/d cobalt production rate at Idaho project

By: Marleny Arnoldi     7th January 2019 TSX-listed eCobalt Solutions has identified the potential to increase the targeted production rate at its Idaho cobalt project to 1 200 t/d from the previously planned 800 t/d. The 50% increase in anticipated production within the updated mine plan should create more resilient project... 

Hecla says Q3 output meets expectations

By: Mariaan Webb     24th October 2018 US silver and gold producer Hecla Mining produced lower third-quarter silver production of 2.5-million ounces and gold output of 72 995 oz, but the miner stated on Tuesday that the production was in line with its expectations. Silver production fell by 24% year-on-year in the September quarter,... 

Bunker Hill lease terminated

By: Creamer Media Reporter      15th October 2018 Toronto-headquartered Bunker Hill Mining on Monday confirmed that the lease with option to purchase agreement for the Bunker Hill mine had been terminated, owing to a missed property payment. The CSE-listed company warned earlier this month that it was in default of its lease agreement with... 

Tribe opposes Midas’ proposed Stibnite project

By: Mariaan Webb     11th October 2018 The Nez Perce Tribe has formally adopted a resolution opposing the Stibnite gold project, that TSX-listed Midas Gold is advancing in the Valley county, Idaho, over concerns relating to the potential impact of mining on natural resources. Midas CEO Stephen Quin has expressed the company’s... 

Bunker Hill Mining in default of lease agreement

By: Creamer Media Reporter      3rd October 2018 Junior firm Bunker Hill Mining confirmed on Tuesday that it was in default of its lease with option to purchase agreement with Placer Mining, after it missed payments totalling $400 000. The option is to acquire 100% of the Bunker Hill mine, which once was the largest producing mine in the Coeur... 

Stibnite permitting schedule updated

By: Mariaan Webb     2nd October 2018 The date for the final record of decision (RoD) for the Stibnite gold project, in central Idaho, has been pushed out by two months to May 2020, explorer and developer Midas Gold reported on Monday, citing an updated schedule from the United States Forest Service (USFS). The USFS, in cooperation... 

Relief Canyon ‘next leg of growth’ for Americas Silver

By: Mariaan Webb     1st October 2018 The announcement on Monday of a business combination of silver miner Americas Silver and emerging gold producer Pershing Gold is providing a “clear path” to the development of the Relief Canyon openpit gold mine, in Nevada. The increased financial and operating capabilities of the combined... 

Inferred resource estimate released for Iron Creek cobalt project

By: Mariaan Webb     27th September 2018 The Iron Creek cobalt project in Idaho, US, has received its first NI 43-101-compliant inferred mineral resource estimate, TSX-V and ASX-listed First Cobalt announced on Wednesday. The inferred mineral resource is estimated at 29.6-million tons (26.9-million tonnes) grading 0.11% cobalt... 

Phoenix Global Mining seeks New York funds after London disappoints

By: Reuters     29th August 2018 Phoenix Global Mining, which is reopening a US copper mine abandoned during World War II when its workforce left to fight, plans to list in New York in September after a disappointing launch on London's AIM market. The London market is dominated by institutional investors and junior miners... 

Construction advancing on eCobalt’s Idaho project

By: Anine Kilian     17th August 2018 Construction at eCobalt Solutions’ Idaho cobalt project, in the Idaho cobalt belt, continues to advance on time and on budget, the company said on Thursday. “Very good progress has been made at the project by our exceptional team of mining professionals,” CEO Paul Farquharson said in statement on... 

Ecobalt investors call for sale, new management on delays

By: Reuters     30th July 2018 Two large shareholders in Canada's Ecobalt Solutions are calling for a change in senior management or the launch of a sales process, saying ongoing mine development delays are wasting a windfall from high battery sector demand. Australian hedge fund Tribeca Investment Partners, which said it... 

Hecla wraps up Klondex acquisition, Havilah to list this week

By: Mariaan Webb     23rd July 2018 Newly formed Havilah Mining, which was created following the spinout of Klondex Mines’ Canadian assets, will list on the TSX-V this week, US-based precious metals producer Hecla Mining said on Monday, announcing the completion of its Klondex acquisition. Havilah will own the True North mining... 

Hecla mines outperform; Klondex deal to close this month

By: Mariaan Webb     13th July 2018 US-based precious metals miner Hecla has reported a 7% decrease in second-quarter silver production, but it still managed to exceed production expectations, boosting the company’s cash position to its second-highest in six years. Silver production decreased from 2.81-million ounces in the June... 

ROD for Midas Gold’s Idaho project expected in March 2020 

By: Mariaan Webb     4th July 2018 The United States Forest Service (USFS) has updated the anticipated permitting schedule for the Stibnite gold project, in central Idaho, pencilling in a final record of decision (ROD) date for March 2020, TSX-listed Midas Gold reported on Tuesday. A draft environmental impact statement (EIS) for... 

Bunker Hill initiates technical report; plans TSX listing

By: Creamer Media Reporter      21st June 2018 Bunker Hill Mining Corporation, which is gearing up to reopen the historic Bunker Hill mine in Idaho’s Coeur D'Alene zinc, lead and silver mining district, has started work on a technical report, which it will use to apply for a listing on the TSX. The NI 43-101 technical report on the Bunker... 

Americas Silver warns of lower-than-planned Q2 output

By: Creamer Media Reporter      14th June 2018 TSX- and NYSE-listed Americas Silver on Thursday advised that the Galena Complex in Idaho would fail to meet its planned production targets for the June quarter, after mining was interrupted twice in the last two months. The latest interruption occurred on Monday, following a mechanical failure... 

Cruz to acquire base metals projects in Norway

By: Creamer Media Reporter      4th June 2018 TSX-V-listed Cruz Cobalt has signed a letter of intent with EMX Royalty and Fennoscandian Investment Group to acquire two cobalt/nickel/copper projects in Norway. “We are pleased to have the opportunity to acquire these projects. The properties are 

Phoenix raises funds for Idaho copper mine BFS

By: Creamer Media Reporter      29th May 2018 Aim-quoted, North American-focused Phoenix Global Mining on Tuesday announced that it would raise £3-million to further advance the historically producing Empire mine in Idaho, in the US. Phoenix would deploy the proceeds of the raising to build on the April 2018 preliminary economic assessment... 

Electric vehicles seen driving cobalt crunch by mid-2020s

By: Reuters     25th May 2018 The increasing popularity of electric vehicles may create a crunch for supplies of cobalt in the early-to-mid 2020s, miners and analysts say, adding that small operators trying to start up mines outside Africa could play a bigger role over time in satisfying demand for the metal used in... 

Rising earnings to mark Americas Silver’s next 3 quarters as silver optionality beckons

By: Henry Lazenby     15th May 2018 Diversified Canadian miner Americas Silver is looking towards growing profit over the next three quarters as lower costs and rising grades at key operations provide it with runway potential to reward investors. “Our job as management is to figure out how to make money at these low silver prices.... 

Silver miners report solid results

By: Henry Lazenby     11th May 2018 Canadian silver miners Americas Silver and Excellon Resources have reported strong operational improvements during the first quarter ended March 31, as both companies navigate the dithering silver price environment and focus internally to streamline operations and drive down costs. Toronto-based... 

Midas jumps on Barrick’s strategic backing

By: Henry Lazenby     10th May 2018 The TSX-listed equity of Midas Gold jumped nearly 19% following an announcement by Barrick Gold that it will increase its position in the company to 19.9%. Barrick sees the investment as a strategic move to gain access to the Stibnite gold project, in Idaho, which Barrick president Kelvin... 

Nevada Copper hires new CEO

By: Henry Lazenby     26th April 2018 Development company Nevada Copper has appointed former Barrick Gold senior executive Matthew Gili as its new president and CEO, the company announced on Wednesday. The TSX-listed company’s flagship Pumpkin Hollow project was recently re-engineered and the company expects to be in production... 

Canada's First Cobalt eager for more after US Cobalt buy

By: Reuters     26th April 2018 Canada's First Cobalt, which has just bought another cobalt developer, is keen for more acquisitions to accelerate bringing on production to meet North American demand, a senior company official said. Expectations of soaring demand for cobalt because of its use in electric vehicles has inspired... 

Phoenix Global PEA lifts Idaho-based Empire mine output 16%

By: Henry Lazenby     19th April 2018 A preliminary economic assessment (PE) of LSE-quoted project developer Phoenix Global Mining’s historic Empire mine, in Idaho, has outlined a 16% improved production scenario over previous estimates, taking only the openpit copper oxide resource into consideration. The PEA shows an average copper... 

First Cobalt drilling traces broad cobalt mineralisation at Woods Extension Zone

By: Henry Lazenby     5th April 2018 Explorer First Cobalt has reported the results from its latest two drill holes from the Woods Extension zone of the Cobalt South project, in the Ontario-based Canadian Cobalt Camp, returning strong grades over narrow intervals. The reported results were fairly shallow tests of the Woods Extension... 

Revitalised demand growth to buttress molybdenum prices

By: Reuters     4th April 2018 Healthy demand for molybdenum rich stainless steel, especially from the oil and gas industry, plus sluggish supply growth are expected to keep the price of this minor metal riding high. Molybdenum prices at nearly $13/lb are at their highest since 2014, having more than doubled since December 2015. 

High-grade, low-cost silver options set Americas Silver up for growth

By: Henry Lazenby     4th April 2018 Diversified miner Americas Silver is being cautious not to add too much silver to its zinc and lead production profile at a time when prices for the precious metal languish between the $16/oz to $20/oz level. “We are being very disciplined to not add too much new silver production to our... 

First Cobalt buys Idaho explorer in race to tap battery boom

By: Bloomberg     15th March 2018 First Cobalt is seeking to speed up its timetable to begin producing cobalt, riding the wave of interest in the metal used in electric-vehicle batteries and smartphones. The Vancouver-based exploration company agreed to buy explorer US Cobalt, which has properties in Idaho, in an all-stock deal... 

eCobalt appoints process manager

By: Creamer Media Reporter      13th March 2018 eCobalt Solutions is accelerating the development of its flagship Idaho project with the appointment of Darby Stacey as the mill and processing manager. Stacey will be responsible for leading all of the company's mineral processing and metallurgical activities in the historic Idaho Cobalt Belt,... 

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

By: Henry Lazenby     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... 

eCobalt launches up to C$30m financing

By: Henry Lazenby     21st February 2018 Canadian clean cobalt project developer eCobalt has launched a C$26-million bought-deal financing. The Vancouver-based company has signed an agreement with a syndicate of underwriters led by TD Securities, under which the underwriters have agreed to buy, on a bought-deal basis, 20-million units... 

Integra declares maiden resource at Florida Mountain

By: Henry Lazenby     9th February 2018 Development company Integra Resources has declared a maiden resource at its Florida Mountain gold/silver project, located 8.5 km east of Integra's DeLamar deposit, in southwestern Idaho. The Vancouver-based company reported a Canadian National Instrument 43-101-compliant inferred resource of... 

eCobalt lifts flagship Idaho Cobalt resource 12.5%

By: Henry Lazenby     8th February 2018 Canadian clean cobalt project developer eCobalt has reported a 12.5% increase in the compliant measured and indicated resources at its Idaho Cobalt Project (ICP), in Idaho, following further geotechnical work. Compared with the previous resource model dated September 2017, total measured and... 

Miners bolster senior ranks in preparation for fast-paced 2018

By: Henry Lazenby     16th January 2018 Several Canadian listed miners reported senior management changes on Tuesday. Marine mining hopeful Nautilus Minerals announced Tuesday that Tariq Al Barwani has been appointed to the role of nonexecutive chairperson. Al Barwani joined the board in May 2016. He is a director and shareholder of MB... 

eCobalt ships 3 t sample for pilot-scale testing

By: Henry Lazenby     10th January 2018 Project developer eCobalt Solutions has shipped a 3 t mineralised sample from its Idaho cobalt project (ICP) for pilot-level testing at Dundee Sustainable Technologies’ (DST’) facilities, in Quebec. The TSX-listed cobalt junior said on Wednesday that the testing will be done to further confirm... 

eCobalt switches strategic focus to cobalt concentrate, instead of sulphate

By: Henry Lazenby     8th December 2017 TSX-listed project developer eCobalt Solutions has decided to rather focus on producing a cobalt concentrate at its Idaho Cobalt Project (ICP), citing a reduced premium on cobalt sulphate on the back of Chinese capacity consolidation, cost reduction and production increases. “Due to these... 

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