Russian ARMZ exceeds its 2020 uranium production target, sees 29% revenue growth from non-uranium businesses
(Kitco News) – Russian uranium holding ARMZ, the state nuclear corporation Rosatom’s mining division, said yesterday that it has exceeded its 2020 uranium production target by 2%.
Newcrest Mining amends farm-in agreement with Mirasol Resources
(Kitco News) – Mirasol Resources Ltd. (TSX-V: MRZ) said Tuesday that Newcrest Mining Limited (ASX: NCM) will suspend work on the Gorbea Option and farm-in agreement due to complications resulting from COVID-19.
Read moreAres Strategic Mining says ‘breakthrough’ will enable fluorspar production
(Kitco News) – Ares Strategic Mining (TSXV:ARS) said Tuesday it received technology commitments that will enable Ares to manufacture a fluorspar product not previously anticipated at its Utah mining operation.
Read moreAzarga Uranium files amended PEA for Dewey Burdock project, raises C$6M
(Kitco News) – Azarga Uranium (TSX: AZZ) said Tuesday it is filing an amended and restated technical report for the Dewey Burdock in-situ recovery uranium project in South Dakota.
Read moreNevada Copper hits milestone to process more ore
(Kitco News) – Nevada Copper (TSX: NCU) said Tuesday that it completed the underground materials handling system of the main shaft, which will significantly increase hoisting rates, from currently 1000 tpd to ultimately 5000 tpd once commissioning and …
Read morePatagonia Gold resumes exploration at El Tranquilo, hopes to find high-grade resource
(Kitco News) – Patagonia Gold (PGDC.TSXV) announced today the commencement of a new drilling campaign at its El Tranquilo gold/silver property in the province of Santa Cruz, Argentina.
Read moreZimbabwe ratifies Minamata Convention, bans mercury in mining
(Kitco News) – CGTN Africa reported today that Zimbabwe has banned the use of mercury in mining and placed controls on its release from industrial operations, joining several countries that have phased out the toxic metal.
Read moreTop uranium miner Kazatomprom sells 49% interest in two mines to China’s CGN
(Kitco News) – The world’s largest uranium producer Kazatomprom and China’s CGN Mining announced today that Kazatomprom will sell to CGN up to a 49% interest in its wholly owned subsidiary, Ortalyk, on market terms determined by a third-party valuation.
Read moreGold posts moderate gains as USDX slumps
(Kitco News) – Gold futures prices are firmer in midday U.S. trading Tuesday, on a boost from a depreciating U.S. dollar on the foreign exchange market.
Read moreA weaker dollar won’t be enough to drive gold prices higher in 2021 – Natixis
(Kitco News) – A weaker U.S. dollar due to the global economic recovery after the COVID-19 pandemic won’t be enough to support gold prices, according to one French Bank.
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