IAMGOLD reports 16.4 mn ounces of proven and probable gold reserves

A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.

Speculators have reduced net-long positions by 3.6%.

Rolling back environmental regulations and speeding up permitting for oil and gas as well as mining projects could put pressure on Canada to do the same. 

Nine drill rigs are working a 30,000-35,000 metre program, with results feeding into future resource estimates.