White Metal Resources Corp. is pleased to announce that it has coRead full newsRead More
Platinex Inc. is pleased to provide an update on its explorationRead full newsRead More
An 11% increase in gold prices can translate into 30% more cash for gold producers, says VanEck investment management.Read full newsRead More
Downward trend continuesRead full newsRead More
An 11% increase in gold prices can translate into 30% more cash for gold producers, says VanEck investment management.Read full newsRead More
Spot gold prices have entered into a bearish cycle for the first time in 2021, losing about 6% to fall below $1,800 per ounce. After climbing roughly 22% in 2020, gold prices settled for the first time above $2,000. Since then, containment of COVID-10 cases and gradual economic recovery has cooled off investors’ interest in gold and silver. In the last trading session on Wednesday, Gold (XA...Read More
Warren Buffett’s portfolio addition of Barrick Gold (TSX:ABX)(NYSE:GOLD) took the investing world by surprise.Of course, the Oracle of Omaha has been skeptical of gold as an investment for years. Buffett is a long-term investor focused on the growing cash flows equities provide. Gold as an asset class just didn’t make the cut.However, gold miners were recently in his wheelhouse. I...Read More
Warren Buffett has had it with gold. In recent 13F filings, it was discovered that Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) had eliminated its stake from Barrick Gold (TSX:ABX)(NYSE:GOLD) amid the latest bout of weakness in gold prices. With gold on the violent retreat, does it still make sense to step in with a contrarian position now that the Oracle of Omaha has ditched a top-tier miner of th...Read More
Well, that was quick. Warren Buffett bought an approximate stake of US$565 million in Barrick Gold (TSX:ABX)(NYSE:ABX) in Q2 2020. As the Berkshire Hathaway’s 13F filing revealed this Tuesday, he had exited the gold position altogether by the end of 2020.US$565 million is a lot of money to most people. However, as I pointed out in a previous article, “[I]t’s too much to say Buffe...Read More
It declared a quarterly dividend of US55c per share, a 38% increase on the previous quarter's dividend of 40c.It follows Rio Tinto this week declaring its biggest dividend ever, a record final ordinary dividend of $3.09 per share plus a 93c special dividend, and BHP also declaring a record interim dividend of $1.01 per share.Newmont said its increase was supported by a framework to return 40-60% o...Read More
The JORC-approved MRE shows a total of 1.55 billion tonnes indicated and inferred with mean grades of 1.74% phosphorus pentoxide, 4.95% titanium dioxide and 0.Read More
Share this article Great Atlantic Resources Corp. [GR-TSXV; PH0-FSE] received additional analytical results for 2020 rock samples collected at the newly discovered gold-bearing outcrop. The Otter Brook Gold Showing is located within the east-central region of the 100%-optioned Golden Promise Property in the central Newfoundland gold belt..Four rock grab samples from float boulders and outcrop ret...Read More
Is the Texas electricity market similar to that of the late Soviet Russia?As absurd as that sounds, that's what some critics are saying.Of course, any person who ever lived under Soviet rule would know that nothing could be further from the truth. But sadly, everything these days has become political.While the good people of Texas are trying to stay safe and warm, pundits on both sides of the aisl...Read More
Completing two major acquisitions in one calendar year is a significant achievement by any measure but to do so in the midst of a pandemic makes it even more remarkable - which is one of the reasons why we have chosen Endeavour Mining CEO Sebastien de Montessus as our Mining Person of the Year for 2020.Last March - just as Covid-19 started turning the world upside down - Endeavour announced the fr...Read More
Endeavour Mining (TSX: EDV; US-OTC: EDVMF) has become a Top Ten global gold producer since announcing two major acquisitions last year - Semafo and Teranga Gold. It is now the largest gold producer in West Africa with a production base across six mines in three countries, and has the largest exploration portfolio in the region, with a development pipeline of six greenfield projects. Last year Ende...Read More
Global diamond production in 2020 fell by more than 20% to about 113 million carats due to planned production declines by the major producers and pandemic-related suspensions and curtailments. The Northern Miner recently caught up with Paul Zimnisky, an independent diamond analyst and consultant in New York to hear what he thinks lies in store for the sector over the next five years.The Northern M...Read More
The growing adoption of electric vehicles (EVs) is driving the increasing demand for lithium, nickel and cobalt - critical metals used as cathode materials for lithium-ion batteries in the automotive, energy and electronics industries. According to Deloitte's Electric Vehicle Trends, EV sales are forecast to grow from 2.5 million in 2020 to 11.2 million by 2025, and to 31.1 million by 2030. Anal...Read More
Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B), earlier this week, filed its form 13F with the Securities and Exchange Commission. In its latest filing, Warren Buffett’s investment firm revealed that it sold all its stakes in Barrick Gold (TSX:ABX)(NYSE:GOLD) in the quarter ended December 2020. At the end of the previous quarter, Berkshire Hathaway held around 12 million shares of this Canadian...Read More
Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) is an exploration-stage company focused on the La Loutre Project in Quebec, where they are developing graphite to supply a future market for Electric Vehicles and to help facilitate the transition to the new green economy. We learned from Paul Gill, who is CEO of Lomiko Metals, that in 2019 they had a discovery, and recently announced an upcom...Read More
Egyptian billionaire Naguib Sawiris is backing his country's drive to develop a gold industry following drastic changes to mining regulations passed last year.Altus Strategies' subsidiary AKH Gold, majority owned by Sawiris, has inked four contracts to explore in nine blocks located in the country's eastern desert. The agreements, which will see AKH Gold invest around US$4.1 million in explorati...Read More