Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has approved a US$108 million underground development at the Kennecott copper project in Utah. The expenditure will support a feasibility study for underground mining.The study will assess underground development options for the Bingham Canyon mine and is expected to be completed in 2024. Existing workings from previous underground projects will be extende...Read More
A researcher at the University of Alberta in Canada has discovered that nano humus, a substance extracted from coal mine deposits and then crushed to a black, powdery material, is highly effective at helping reclaim the land and water used in mining.According to Yihan Zhao, nano humus has "outstanding physical and chemical properties" that remove heavy metals from contaminated water and soil. The...Read More
Evolution Mining (ASX: EVN) announced on July 22 that it is acquiring assets from Northern Star Resources' (ASX: NST), most of which are within eight km of its Mungari mine in Western Australia. The deal gives Evolution a portfolio of underground mines close to Mungari's mill, "provides a pathway" to growing Mungari to a 200,000 oz. gold a year producer, and offers loads of exploration upside. Evo...Read More
The S&P/TSX Venture Composite Index dropped 0.63% to finish the trading week at 902.56. Spot gold fell US$10.00 per oz., or 0.55%, to US$1,802.20 per ounce.Nouveau Monde Graphite climbed 39 ? to $8.95. On July 21, the company announced the appointment of SD Capital Advisory (SDCA) and GKB Ventures (GKB) as joint financial advisors to assist with the financing for its flagship Matawinie graphite...Read More
The S&P/TSX Composite Index rose 1.02% to 20,188.43 during the July 19-23 trading week. The S&P/TSX Global Mining Index climbed 0.50% to 107.36, and the S&P/TSX Global Base Metals Index jumped 2.12% to 166.73. Spot gold dropped US$10.00 per oz., or 0.55%, to US$1,802.20 per oz., and the S&P/TSX Global Gold Index fell 2.17% to 293.50.Skeena Resources increased by 74 ? to $15.29 per share. The comp...Read More
The Dow Jones Industrial Average rose 1.08% to finish the week at 35,061.55 and the S&P 500 climbed 1.96%% to 4,411.79. Spot gold dropped US$10.00 per oz., or 0.55%, to US$1,802.20 per ounce. Fortuna Silver Mines fell US48 ? to US$4.35 per share. The company reported second-quarter production from its three operating mines in the Americas - San Jose in Mexico, Caylloma in Peru, and Lindero in...Read More
Dear Outsider,Sinking into an old creaky chair at Baltimore's Charles Theater, I heard Anthony Bourdain's voice come over the sound system. I turned to fellow Outsider Jimmy Mengel and said, "This is gonna be good."After the roller-coaster ride of emotions we felt from watching the new "Roadrunner" documentary chronicling the life and death of the famous writer and traveler, we sat down to decompr...Read More
As the company exits its operational excellence program and puts a close to the Fiscal year of 2021, where does the company see ...Read More
TORTOLA, British Virgin Islands, July 14, 2021 /CNW/ - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the 'Company' or 'Sailfish') is pleased...Read full newsRead More
Kirkland Lake Gold (TSX:KL)(NYSE:KL) owns valuable assets, as well as two high-grade, low-cost underground operations. These include the Macassa mine complex located in northeastern Ontario, the Fosterville gold mine located in the State of Victoria, Australia, as well as the Detour Lake mine, a large-scale open-pit mining operation located in northern Ontario.Quality and low-cost gold productionT...Read More
We learned from Vincent Mascolo, Managing Director and CEO of IronRidge Resources Limited (AIM: IRR), an African focused lithium exploration company, that they have entered into a conditional binding agreement, with Piedmont Lithium to fully fund and fast track the Ewoyaa Lithium Project, part of IronRidge's Ghanaian Cape Coast Lithium Portfolio, to production. Piedmont, a Nasdaq listed lithium ex...Read More
Gold prices moved higher in Thusday’s trading session despite a rising dollar. The decline in U.S. yields provided support for the yellow metal. Reports of unexpected rise in U.S. Jobless Claims saw the dollar rebound from session lows. U.S. Yields moved lower followed. Fears of the new Delta variant of covid saw August gold contracts go up US$4 at US$1,809.90 an ounce. This hel...Read More
Inflation has reared its ugly head for the first time in over a decade. Many younger investors have never faced this invisible drain on their purchasing power. Now, they face months of price hikes and declining stock market returns. This is why investors need to turn their attention to the oldest safe haven on the market: gold stocks. Gold is often considered a hedge against inflation. Theore...Read More
Despite the challenges of the past year, First Quantum Minerals (TSX:FM) achieved record annual production with the company’s costs at the lowest level in four years. The company’s 2020 total production of about 800,000 tonnes of copper represented an 11% increase over the previous year. This has increased intrinsic value and is a remarkable achievement for the company’s sharehol...Read More
Monarch Mining (TSX:GBAR) has sold a pair of royalty interests to Gold Royalty Corp for C$11.25 million.Read full newsRead More
Gold79 Mines Ltd. is pleased to release results of reprocessed geRead full newsRead More
Empress Royalty Corp. is pleased to announce it has closed and fuRead full newsRead More
Agnico-Eagle Mines (TSX:AEM)(NYSE:AEM) is starting to look like one of the best gold stocks to buy in 2021. A 15% pullback year to date presents an opportunity to buy the stock at a relative discount. The surge in inflation should push all gold stocks higher. Here’s a closer look. Gold stocks as inflation hedgesGold has always been considered a safe haven. In theory, the shiny yell...Read More
You can’t peg a stock as “small” based solely on its price tag, and it’s also a significantly less critical “metric” compared to the valuation of the stock (whether it’s over or undervalued). But sometimes, it’s a good idea to look into relatively cheap stocks — i.e., stocks with a single-digit price tag. This allows you to buy more shares with...Read More