News of the supply disruption has boosted an already strong zinc price to multi-year highs.VZI said 10 people were trapped at the bottom of the South Pit at Gamsberg following a geotechnical failure in the early hours of Tuesday.Eight had been safely rescued, the company said yesterday."We are doing everything possible to safely rescue the two remaining trapped colleagues," business head Laxman Sh...Read More
In the last months of 2020, gold remains stuck to a narrow range as optimism over coronavirus vaccines by Pfizer and Moderna is restoring investor and economist sentiment that further spread of the virus will be contained. This, in turn, has contributed to a more positive outlook regarding the global economy as it continues its recovery from the months of lockdown. As gold prices continue hoverin...Read More
Warren Buffett shocked the investing world in the late summer when it was revealed that his company Berkshire Hathaway had acquired a $500 million stake in Barrick Gold (TSX:ABX)(NYSE:GOLD). Historically, Buffett has not been a strong advocate for the yellow metal. On the contrary, he has consistently recommended that investors seek exposure to mainline blue chips over gold and silver. In 2020, th...Read More
Uncertainty in the markets can cause investors to make snap decisions. The U.S. election saw the markets flipflop as the democrat landslide failed to materialize. While Joe Biden has since emerged as as the president-elect, the politics of our southerly neighbours remain starkly divided. The pandemic has also thrown mixed messages into the news cycle, with rising cases pitched against vaccine hope...Read More
The global tally is above 56.1 million cases, with almost 11.5 million in the US, according to Johns Hopkins University today.In commodities, the zinc price has continued to strengthen, buoyed by the strong steel market and a supply disruption, with Vedanta Zinc International suspending its flagship Gamsberg mine in South Africa after 10 workers were trapped on Tuesday.Eight have since been rescue...Read More
The approval secures the jobs of about 1100 employees and contractors.Read More
Share this article Integra Resources Corp. [ITR-TSXV; IRRZF-OTCQB] on Thursday November 19 released a series of high-grade gold-silver assays from the 2020 drill program in the War Eagle Mountain area near the company's DeLamar Gold and Silver Project in southwestern Idaho.Highlights include 24.20 g/t gold and 655.06 g/t silver over 7.62 metres north of 2019 drilling at War Eagle."The drill res...Read More
Nickel Creek Platinum Corp. (TSX: NCP; OTCQB: NCPCF) envisions becoming a leading North American producer of nickel, copper, cobalt and PGMs, through their wholly owned, large, undeveloped Nickel Sh??w Project, located in the favorable mining jurisdiction of the Yukon Territory, with exceptional access to infrastructure, including the paved Alaska Highway, which provides year-round access to deep-...Read More
For 18 years, Chad Kuske was an active duty Navy SEAL.If you know anything about the SEALs, you know these guys are about as tough as they come.Every year, only about 1,000 recruits actually even make it to SEAL training. And of those recruits, maybe 250 successfully complete that training.The mental and physical endurance necessary to even become a SEAL is something most folks simply don't have a...Read More
Marathon Gold's (TSX: MOZ) latest drill results from the 6-km Berry corridor within its Valentine gold project in central Newfoundland continue to return gold intervals from an area between existing deposits.The developer has released assay results for 15 holes, completed as part of an 8,000-metre infill campaign at Berry. Highlights include 42 metres of 3.7 grams gold per tonne from 37 metres; 24...Read More
South America-focused miner Sierra Metals (TSX: SMT; NYSE-AM: SMTS) has released a preliminary economic assessment (PEA) on an expansion of its Yauricocha polymetallic mine in Peru's Yauyos province. The early-stage study suggests a throughput increase to 5,500 tonnes per day, up from 3,150 tonnes per day currently. The site is already scheduled to see an intermediate scale-up to 3,600 tonnes per...Read More
I speak mining, and have done so for over 45 years. For most of that time, I have defended the industry from those ignorant or ill-informed of our activities. I have stressed that the occasional mine accident or dam failure was the exception that proved the general rule. We are, I said, diligent, committed to safety and better than the media paints us (and this is coming from someone who became a...Read More
The world's top lithium producer Albemarle (NYSE: ALB) has joined forces with 27 companies, including electric vehicle maker Tesla and rideshare company Uber, to form a group that will push for 100% electric vehicle (EV) sales in the U.S. by 2030.The Zero Emission Transportation Association (ZETA), launched this week, is the first industry coalition of its kind advocating for national policies to...Read More
Despite strong quarter-on-quarter recovery in supply, the global platinum market is set to experience a second consecutive year of deficit at just over 1.2 million oz. in 2020, according to the World Platinum Investment Council's (WPIC) latest quarterly report.A stellar rebound in automotive demand and sustained strong investment demand for precious metals lifted platinum demand well above supply...Read More
$13,717.34...That's how much money Elon Musk makes in five minutes.To put it in a deeper perspective, he's made $2,743.46 in the minute you took to read this.Must be nice, right?It would take the average worker about 17 weeks to earn as much, based on a new study by Gigacalculator. That assumes an average salary of $48,000.Those numbers will take another jump now that Tesla has been crowned into t...Read More
BMW on Wednesday said it will retool its German factories to build electric cars and components and shift manufacturing of combustion engines to plants in Austria and England as part of a broader shift toward low-emission cars.Read full newsRead More
PHOENIX - 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) ("4Front" or the "Company") today announces it plans to issue its fiscal third quarter 2020 earnings press release on Monday, November 30, 2020, after U.S. markets close, commensurate with the filing of its unaudited financial results.The Company will also host a conference call and webcast on Monday, November 30, 2020 at 5:00 p.m. ET to r...Read More
This year's dawning winter rally has great upside potential after the gold and gold stock corrections run their courses.Read full newsRead More
In a day that's often good for gold and mining stocks, investors are selling everything.Read full newsRead More
Warren Buffett reduced Berkshire Hathaway‘s stake in gold miner Barrick Gold (TSX:ABX)(NYSE:GOLD) by nearly 50% in the third quarter. It was an unsurprising move when you consider Buffett’s past reluctance to invest in the “unproductive” shiny metal that he once said was “no match for the American mettle.”Berkshire trims top gold miner Barrick GoldWith two effec...Read More