Resource Investing News breaks down in layman's terms what goes into detecting uranium in the ground and underwater, also detailing what tests companies undertake to determine the size and density of a deposit and what goes into geophysical analysis.
Problems at Southern Copper's Tia Maria mine reached new heights on Friday when Peru declared a state of emergency due to violent protests at the operation. The situation highlights the importance of obtaining social license when developing mining projects.
Barrick Gold has announced plans to sell its New South Wales-based Cowal gold mine to Evolution Mining for US$550 million. The deal has been praised by market watchers and appears beneficial for both parties. For Barrick, the sale is positive in part because it fits with its current goals of lowering its debt and reducing its presence in Australia.
Cameco has faced some difficulties at its Cigar Lake mine. However, the company announced Friday that the operation was in commercial production as of May 1. The mine remains on track to achieve its annual production target of 6 to 8 million packaged pounds of uranium for the year, and its long-term production target of 18 million pounds by 2018 also remains in place,
There's still some uncertainty regarding how soon copper will shift into a deficit. However, positive arguments for the copper price got some support on Friday when a report from Bloomberg stated that five of the world's largest mining companies have all said good things about the red metal over the last month.
Just days after SQM released less-than-stellar Q1 results, the company was dealt another blow. PotashCorp revealed on May 21 that it is re-evaluating whether to keep its stakes in both SQM and Israel Chemicals.
Midway Gold has already faced difficulties at its Nevada-based Pan mine. Unfortunately, based on its most recent news, its troubles are not yet over.
Certainly, NioCorp Developments has been a darling in the mining space as of late. However, ever since the company announced the much-anticipated results of its preliminary economic assessment (PEA) for Elk Creek on April 13, the company's share price hasn't been doing so well. NioCorp's stock dropped about 23 percent on April 13, and has lost about 49 percent, or 75 cents overall, since that date.
SQM put out its Q1 results this week, and while the world's biggest lithium producer reported decreased revenues, there was a bit of good news for the lithium space. The company said the lithium price was higher for the quarter, noting that overall it expects it to be higher than it was in 2014.
Sabina Gold & Silver released a feasibility study for its Back River gold project in Nunavut on Wednesday. The project has the potential to produce an average of 350,000 ounces of gold per year over a 10-year mine life.