Special Treatment For Northern Star’s Bill Beament?

Special Treatment For Northern Star's Bill Beament?

Looking back to 2017 where Northern Star Resources appointed Bill Beament from Chief Executive to Executive Chairman, eyebrows were raised. Particularly from proxy advisers who believe Executive Chairpeople should be independent of management and have not held an executive role in the company. Well, this was not the case for Mr Beament who appeared to have slipped into the Executive Chairman’s shoes with relative ease. Unfair? Unjust? Or just plain brash from Bill Beament. As an industry “expert”, Bill Beament ought to know better. Going ahead nonetheless Mineral Resources drew…

Barrick, Newmont step up game to sway top investors

Canada’s Barrick Gold (TSX:ABX)(NYSE:GOLD) and U.S. rival Newmont Mining (NYSE:NEM) are working hard on persuading their respective top investors that a merger of the companies is the best, or the worst, option for them. Barrick launched its hostile bid for Newmont on Monday, and updated its presentation on Thursday, adding more information on the expected synergies and benefits of the deal. Barrick chief executive Mark Bristow reiterated that acquiring the Colorado-based company would create up to $7 billion in synergies, with $4.7 billion coming from Nevada, where both companies have…

Exyn Technologies introduces robots into Dundee Precious Metals’ gold mines

Exyn Technologies and Dundee Precious Metals (TSX:DPM) announced this week that they have joined forces to automate the latter's underground gold mining operations. The first step to achieving such a goal was that Exyn's Autonomy Aerial Robots or A3Rs were made commercially available, a development that took place in the past days. According to the tech company, A3Rs comprise a fully autonomous aerial system for data collection in GPS-denied environments. They don't need any prior information or persistent communication and they assimilate measurements from a variety of sensors including a…

Golden Share Resources acquires Sandridge project in Ontario

Golden Share Resources (TSXV: GSH) announced this week that it has acquired the Sandridge project through map staking. The project is located approximately 150 kilometres east of Thunder Bay, in eastern Canada, and it sits on the Winston Lake Greenstone Belt, known by its initials WLGB. This is not Golden Share's first incursion in the area. The Ontario-based firm previously held the past-producing Pick Lake zinc deposit through a 2011 option agreement. However, in 2015, the company decided to terminate the deal, citing unfavourable business terms and difficult market conditions.…

Australian mining industry group praises free trade deal with Peru

On the one year anniversary of the signing of the Peru-Australia Free Trade Agreement (PAFTA), the Minerals Council of Australia issued a statement saying that the ratification of the deal is expected to deliver major investment and job opportunities for Australia’s mining industry. "Under PAFTA, Peru will eliminate 99.4% of its tariffs, including on valuable Australian resources such as iron ore, copper, nickel, coal, mineral fuels and oil," the statement reads. "Australian mining commodities and mining equipment, technology and services (METS) dominate the A$640 million trading relationship with Peru. In…

Monarques Gold reports solid grades at McKenzie Break deposit in Quebec

Assays are back for the first 21 holes of a 61-hole drill program completed at Monarques Gold Corp.’s (TSX: MQR; US-OTC: MRQFR) McKenzie Break project and have extended the deposit laterally and at depth. The best intercept from the project, 35 km north of Val-d’Or, Quebec, was 61.20 grams gold over 2.6 metres starting from 254.8 metres downhole, including 265 grams gold over 0.6 metres in drill hole MK-18-196. Other notable intercepts were 24.70 grams gold over 0.6 metres from 52.1 metre below surface in hole MK-18-183; 19.80 grams gold…

Canada’s mining sector at a crossroads — report

Canada's mining sector is going through dramatic change, but the industry remains bullish on growth, KPMG International's latest Global Mining Risk Report finds. While recent merger and acquisition transactions have raised concerns about the future of Canada's mining sector, domestic firms remain optimistic about growth opportunities. Canadian stock exchanges are the global leader in mining financings, and Canada continues to be a global hub for mining finance, KPMG reports. Heather Cheeseman, partner, energy and natural resources, KPMG Canada, believes the industry is at a “crossroads” in Canada. "Innovation and new…

Nemaska Lithium ‘reviewing strategic alternatives’ after budget blowout

Nemaska Lithium’s (TSX: NMX) board of directors has appointed a special committee to review all strategic alternatives, after the company disclosed this month that it has been forced to revise the budget for the Whabouchi lithium mine and Shawinigan electrochemical plant up by C$375 million. Nemaska, which has received funding from the Quebec provincial and Canadian federal governments, is building the Whabouchi hard rock lithium mine in the James Bay region and Shawinigan processing plant north of Montreal, aiming to put Canada on the global lithium production map. The special…

Saskatchewan best place to mine in Canada

The Fraser Institute has released its annual ranking of the best jurisdictions for mineral investment. Four of the top 10 places are Canadian provinces, with Saskatchewan in the lead with the No.3 spot. The institute released its Annual Survey of Mining Companies on Feb. 28, the 21st time it has compiled the rankings. Mining executives in 83 jurisdictions around the world weighed in on geological attractiveness and the extent to which government policies encourage or deter mining investment. The best places in Canada are Saskatchewan (No.3), Quebec (No.4), Yukon (No.9)…

ATAC planning phase one program for Rau

Vancouver-based ATAC Resources has laid out the first phase of its 2019 exploration program at the Rau project. Rau is located at the western end of the company’s Rackla property 55 km northeast of Keno City. Exploration will follow-up on high grade gold, copper and silver results from last year with ground geophysical surveys, prospecting, mapping, soil sampling, and drilling at priority targets. “The Rau project is an emerging 20 km long polymetallic district hosting numerous early stage precious and base metal targets, anchored by the demonstrated economics of our…