Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report new intersections of strong uranium mineralization in the initial drill holes of the summer campaign at the Hurricane zone. The Hurricane zone is a recent discovery of high-grade uranium mineralization on the Company's 100% owned Larocque East property (the "Property") in the Eastern Athabasca Basin of Saskatche...Read More
U.S. sanctions and a collapsing oil industry are prompting Venezuela to step up its push into gold mining, including in protected areas of the Amazon.Read full newsRead More
Positive manufacturing data and talk of further fiscal stimulus buoyed markets.The S&P/ASX 200 also closed higher yesterday, up 1.8%, despite news Australia had officially entered its first recession in almost 30 years due to COVID-19.The gold price has softened about US$20 an ounce from this time yesterday to $1,940/oz on the spot market.Cardinal Resources (TSX: CDV) was one of the bigger mar...Read More
Three dams and three dikes were issued negative Stability Condition Declarations (DCEs), the company said yesterday.However the Brazil-based miner said there would be no impact on its already revised 2020 iron ore production guidance, which it tipped in July would likely reach the lower end after a challenging second quarter. Vale said yesterday it had started level one emergency protocols fo...Read More
Prominent gold commentator John Hathaway appeared on the second day of The Northern Miner's Global Mining Symposium. In January, after 22 years at Tocqueville Asset Management, the veteran investment manager moved to Toronto-headquartered Sprott Asset Management (TSX: SII; NYSE: SII), where he is now senior portfolio manager and managing director.Hathaway spoke with Dean McPherson, head of busines...Read More
Are you looking for top stocks to buy this month? Barrick Gold (TSX: ABX)(NYSE: GOLD), Innergex (TSX:INE), and Metro (TSX:MRU) are three stocks that have performed well during the pandemic — and should keep doing well in September.Barrick GoldThe stock market’s high valuation means the possibility of a crash is increasing. One way to defend yourself from an impending stock crash is to...Read More
Investors were probably rubbing their eyes after seeing Zoom Video (NASDAQ:ZM) leap 42% this week. The stock caught fire following revised earnings guidance issued Monday. But should Canadians be sucked into the hype being generated by tech stocks on U.S. exchanges? Or is there a better way to accumulate wealth in a stock portfolio over the long term?Bet on the horse or buy the race track?Short-te...Read More
Warren Buffett may be the best investor of all time. But one thing he’s never liked is gold.“Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head,” he said in a 1998 at Harvard University.Apparently, he c...Read More
President Mike Romanik said the explorer was "very pleased" Sprott had agreed to invest about $6.5 million, which would increase the high-profile investor's stake to 19.9%.First Majestic would subscribe for $700,000 worth of the shares on offer, resulting in a holding of about 16.4%.The placement was priced at $1.40 per share.Silver Dollar had listed on the Canadian Securities Exchange in May afte...Read More
Mackenzie Scott is now the richest woman in the world.With a net worth of $62.4 billion, the former wife of Jeff Bezos is so rich her wealth exceeds the GDP of Slovenia.This is what my cousin calls "fu*k you" money.I'm not quite so crass, but let's face it - if you had $62.4 billion, there's nothing you wouldn't be able to do.I was thinking about this last night.Thinking about what I'd do with all...Read More
The Global Mining Symposium wrapped up its final day with an interview with B2Gold (TSX: BTO; NYSE-AM: BTG) president and chief executive Clive Johnson, who sat down with MINING.com senior editor Cecilia Jamasmie.Johnson's career includes leading B2Gold since its inception in late 2006 and, before that, Bema Gold, and has taken him from Russia to Africa and throughout the Americas. Drawing on hi...Read More
Executive chairman and founder of Yamana Gold (TSX: YRI; NYSE: AUY), Peter Marrone, spoke on the second day of the Global Mining Symposium about the company's assets, its strategy, and his views on the price of gold. Marrone started his career practicing law in Toronto, focusing on corporate, securities, and international law and then became the head of investment banking at a major Canadian in...Read More
Mining executive John Antwi, president and director of privately held Elim Mining, spoke about the copper market on the third day of The Northern Miner's Global Mining Symposium.Antwi and his team at Elim Mining are advancing the company's flagship Cactus copper project in Arizona and plan to make a construction decision in 2022.The project, which hosts the past-producing Cactus mine, was brought...Read More
The nights are drawing in, and the Autumn equinox is upon us in the Northern Hemisphere, with an equal duration of light and dark on Sept. 22. On the positive side, there is an R in the month, so we can eat oysters in the United Kingdom. This advice dates to at least 1599, when it appeared in Henry Buttes's cookbook, Dyets Dry Dinner, although some historians trace it to an ancient Latin saying.Th...Read More
The European Union has added lithium, used in batteries that power electric vehicles (EVs), to a list of critical materials as part of a strategy to reduce its reliance on imports.The group of 27 nations will need about 60 times more lithium and 15 times more cobalt for EV batteries and energy storage by 2050, analysts estimate. The EU's demand for rare earths, used in high-tech devices and milita...Read More
International Tower Hill Mines (TSX: ITH; NYSE-AM: THM) plans to raise US$10.3 million in support of a prefeasibility study on its Livengood gold deposit, 110 km north of Fairbanks, Alaska.In July, the Vancouver-based company announced it had finalized the key contracts to complete a prefeasibility study on the large, low-grade Livengood project, with an expected release date of October 2021.The t...Read More
The Global Mining Symposium continued apace on the second day of the three-day event with Alisha Hiyate, editor at The Canadian Mining Journal, interviewing Ronald-Peter Stoeferle, managing partner and fund manager at Incrementum AG.Stoeferle has co-authored two books: Austrian School for Investors, published in 2016, and the In Gold We Trust report, an annual report he started in 2007 that has be...Read More
Canada Nickel Company Inc. (TSX-V:CNC) is a new mineral resource company focused on their 100% owned flagship, Crawford Nickel-Cobalt Sulphide Project, in the heart of the prolific Timmins-Cochrane mining camp. We learned from Mark Selby, Chairman, CEO and Director of Canada Nickel Company, they are going to advance it, aggressively, through to a PEA/scoping study, by the end of this year, and the...Read More
Executive chairman and founder of Yamana Gold (TSX: YRI; NYSE: AUY), Peter Marrone, spoke on the second day of the Global Mining Symposium about the company's assets, its strategy, and his views on the price of gold. Marrone started his career practicing law in Toronto, focusing on corporate, security and international law and then became the head of investment banking at a major Canadian bank...Read More
"Dad, someone just FLEW a car into the yard!"Those were the words my son used to wake me up Monday morning. I quickly tossed on a t-shirt and ran outside to make sure nobody was injured. What happened next was something out of a bad action movie.Of course, with my son being eight years old, I didn't take the word "fly" as literally as I should have. I assumed that someone had jumped the curb and p...Read More