Jackson Chen

Vancouver

Staff Writer and Editor at Mining

Interim News Editor at Canadian Mining Journal

Staff writer & editor at https://t.co/TButvi2Ay8 | Content creator for https://t.co/9txLxduPHM | A ship in port is safe, but a ship is not built to do safe things.

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Articles

Generation Mining hits two-year high on Ontario gov't endorsement

3 weeks ago | mining.com | Jackson Chen

Generation Mining (TSX: GENM) shares soared to a two-year high on Friday as it spotlighted the strong support given to its Marathon copper-palladium project by the Ontario government. Located 300 km east of Thunder Bay, northwestern Ontario, Marathon represents Canada’s next shovel-ready critical minerals project after receiving its final construction permit last month. Once in operation, it would be one of North America’s few palladium producers and a key producer of copper.
Gold price fades on upbeat US jobs report

3 weeks ago | mining.com | Jackson Chen

Gold prices fell by nearly 1% on Friday as a stronger-than-expected US jobs report alleviated some economic concerns despite lingering geopolitical uncertainty from the ongoing trade war. Spot gold traded 0.8% lower at just under $3,330 an ounce as of 10:40 a.m. ET, after hitting as high as $3,375.37 earlier in the day. Gold futures also dropped 0.9% to $3,344.10 an ounce in New York. The decline follows new US data that showed a largely stable labour market for the month of May.
Namib Minerals set for Nasdaq debut following SPAC deal

3 weeks ago | mining.com | Jackson Chen

Namib Minerals will make its debut on the Nasdaq exchange this Friday, June 6, following the completion of its merger with US-based blank check company Hennessy Capital Investment Corp. VI. (HCVI). As previously disclosed, it will trade under the ticker symbol “NAMM”. In June 2024, HCVI announced its plans to acquire Namib and create an established gold producer based in Africa. The purchase consideration comprised 50 million Namib ordinary shares, with a pre-money enterprise value of $500 million.
Golden revival: EarthLabs documents restart of Madsen mine as it makes first pour

3 weeks ago | mining.com | Jackson Chen

EarthLabs (TSXV: SPOT, OTCQX: SPOFF) has released a new episode of its flagship series EarthLabs Expeditions, offering an up-close look at West Red Lake Gold Mines (TSXV: WRLG, OTCQB: WRLGF) at a pivotal moment in the company’s growth.
South32 ups investment in American Eagle Gold

3 weeks ago | mining.com | Jackson Chen

Australia’s South32 (ASX: S32) has exercised its top-up right to maintain a 19.9% interest in American Eagle Gold (TSXV: AE) (OTCQB: AMEGF) with the purchase of an additional 1.16 million shares. The exercise follows American Eagle’s recent issuance of 1 million shares to complete its option to acquire 100% of the NAK copper-gold project in central British Columbia.
Silver price soars above $36, its highest in 13 years

3 weeks ago | mining.com | Jackson Chen

Silver prices soared to their highest in more than 13 years on Thursday following a technical breakout, as investors look to broaden their exposure to safe-haven assets beyond gold. Spot silver touched $36.07 an ounce in the early morning trading, the highest since February 2012, before pulling back to about $35.90 for a 2.6% daily gain. Meanwhile, the most actively traded silver contracts saw a larger jump at 4%, treading just above the $36-per-ounce level.
Marimaca Copper surges on $17.7M placement with institutional investors

3 weeks ago | mining.com | Jackson Chen

Marimaca copper project in Chile. (Image courtesy of Marimaca Copper.) Marimaca Copper (TSX: MARI) (ASX: MC2) surged by double digits on Wednesday after announcing a C$24.4 million ($17.7 million) private placement to fund its namesake project in northern Chile. The offering comprises approximately 5.31 million common shares priced at C$4.60 per share, issued exclusively to institutional investors.
Cobalt Holdings drops London IPO plans

3 weeks ago | mining.com | Jackson Chen

Metals investor Cobalt Holdings has dropped plans of an initial public offering on the London Stock Exchange, dashing investor hopes of what would’ve been the biggest mining IPO since 2022. The company previously aimed to raise as much as $230 million through the offering and use most of the funds to buy 6,000 tonnes of physical cobalt from Glencore (LON: GLEN) at a discount.
Hudbay pauses Snow Lake mine due to wildfire

3 weeks ago | mining.com | Jackson Chen

Hudbay Minerals (TSX, NYSE: HBM) said on Wednesday it has temporarily suspended operations in Manitoba due to surging wildfires throughout parts of the province. The suspension follows a precautionary early evacuation notice issued for the town of Snow Lake, where the Canadian miner operates an underground polymetallic mine with over 1,100 employees. According to Hudbay, the early evacuation positions the company well for a safe return to full operations once conditions permit.
Gold price holds above $3,350 on trade uncertainty, jobs data

3 weeks ago | mining.com | Jackson Chen

Gold prices held above the $3,350-an-ounce level Wednesday as unresolved trade tensions, coupled with new US data, kept safe-haven demand elevated. Spot gold advanced 0.6% to $3,372.70 per ounce by 10:30 a.m. ET, approaching the one-month high seen earlier this week. In New York, the most-traded futures contract rose 0.5% at $3,395.10 per ounce. Meanwhile, the US dollar index fell about 0.4%, making bullion more attractive to buyers.