Magna Gold (TSXV: MGR; US-OTC: MGLQF) has declared commercial production at its 100%-owned San Francisco gold mine in Sonora, Mexico. That puts the company on track to meet its 2021 guidance of 55,000 to 65,000 oz. gold.The mine will produce approximately 6,000 oz. gold per month in the third quarter and 7,500 oz. per month in the fourth quarter.To achieve commercial production, Magna completed pr...Read More
Vale (NYSE: VALE) is investing $150 million (US$122 million) to extend by ten years its mining activities in the Canadian province of Manitoba.The figure, the company's largest single investment made at its Thompson nickel operations, will also be allocated to continuing exploration in the area to search for new deposits that hold the promise of mining well past 2040.Dino Otranto, chief operating...Read More
We spoke with Mike Cathro, P. Geo, who is a Director and the Interim President and CEO of Happy Creek Minerals Ltd. (TSX-V: HPY). Happy Creek Minerals is advancing two new exploration discoveries, in proximity to mines and infrastructure, in south central B.C., Canada. The 100% owned, 130 square kilometer, Fox tungsten property is among the highest-grade tungsten resources in the western world. Th...Read More
The price of gold is set to record its worst month since 2016.But the pieces are still in place for a major bull run.Gold prices have shed more than 7.5% this month, dipping below $1,750 an ounce yesterday. Prices have largely been pulled down following mid-June's FOMC meeting, where board members projected raising interest rates earlier than previously forecasted.Gold - One Month Thirteen of the...Read More
It comes after the security situation at RBM continued to escalate. "The safety of our people is our top priority," Rio Tinto chief executive Minerals Sinead Kaufman said.Read More
Welcome to the Lundin Group of Companies Established over 45 years ago, the Lundin Group comprises 12 individually ...Read More
Blaming a slight dip in the gold price doesn't quite stack upRead full newsRead More
Announce agreement in principleRead full newsRead More
The indexes were boosted by tech stocks as investors expect a robust earnings season while interest rates remain low, Reuters reported.The S&P 500 closed up 0.23% to 4,290.61 and the Nasdaq gained almost 1% to close at 14,500.51.The gold price is similar to yesterday, at US$1,776 an ounce on the spot market.Base metals were mixed in London."We have a big week ahead with important data releases...Read More
Gold has proven its value time and again. Last year, gold revived several portfolios from the economic turmoil that we went through. However, gold has not been performing well lately. Its lustre appears to be losing its value with long-term investors, as growth stocks are revived as the investment of choice for many investors right now.Accordingly, now may be the time to start considering some out...Read More
The company successfully raised A$5.2 million at 20c of up to $7 million sought.Read More
Commenting in the bank's Q3 outlook, Hansen said while some economists believe the current boom in commodity prices is cyclical - rather than structural - and that demand is now slowing as creditRead More
Share this article VANCOUVER - FPX Nickel Corp. [TSXV-FPX] on Tuesday said drilling programs have been launched at the company's wholly-owned Decar nickel district in central British Columbia."This marks the commencement of the most active campaign at Decar since 2012, with a focus on resource confirmation and expansion at the Baptiste deposit plus an initial drill campaign at the Van target, loc...Read More
We spoke with Dusko Ljubojevic, Managing Director of Raiden Resources Limited (ASX: RDN), a copper-gold exploration company, in the prolific and underexplored Western Tethyan Metallurgic Belt, in Bulgaria and Serbia. In addition, the Company has recently secured a very large exploration portfolio, in the Pilbara region of Western Australia, where Raiden Resources has a large gold, as well as a nic...Read More
There are as many ways to make money in the market as there are people. Some folks will say stocks move randomly and the best way to win is to buy an index fund - and they may be right.Most hedge funds and mutual funds don't beat the market; they come a percentage or two short. Perhaps this is because they employ conservative bean counters and then tell them not to lose money. If you lose money...Read More
We spoke with Kris Knauer, CEO and Managing Director of Challenger Exploration (ASX: CEL). Their aspiration is to become a globally significant gold producer, with their two projects in South America. The Hualilan Gold Project, located in San Juan Province Argentina, is a near-term development opportunity. It will provide a low risk, high margin source of cashflow, while the Company prepares for a...Read More
This week's episode features Nickel 28 Capital chairman Anthony Milewski in conversation with Northern Miner Podcast host Adrian Pocobelli at the Global Mining Symposium. Anthony describes in detail how China has created a seemingly insurmountable lead in dominating the battery supply chain for "years to come." He also discusses the fundamentals of nickel, lithium and cobalt, as well as the supply...Read More
Equinox Gold (TSX: EQX, NYSE: EQX) announced today that mining activities are underway at its new Santa Luz gold mine in Brazil.According to the company, construction remains on track to commence commissioning in the fourth quarter of this year and pour gold in the first quarter of next year, with the expectation of producing 110,000 ounces of gold annually for the first five years of operations.M...Read More
Russia has proposed introducing an export duty on aluminum as part of new measures to curb creeping inflation, sending regional premia in crucial European markets soaring, a new analysis by Bank of America (BofA) shows.The proposed measures will affect steel, copper, nickel and aluminum from August 1 until the end of December. The measures are expected to also compensate the state budget for incr...Read More