Share this articleAuryn Resources Inc. [AUG-TSX, NYSE American] said Monday August 31 that it has arranged for a bought deal private placement that is expected to raise $22.5 million from the sale of 7.5 million subscription receipts of the company.The subscription receipts will be exchanged for common shares of Auryn concurrently with the completion of Auryn's recently announced plan to acquire E...Read More
No. It isn't.That's crazy.I hopped in an Uber last week and got to talking to the driver, as I so often do. We were talking about the coronavirus pandemic and how it has affected financial markets when he said, "Let me ask you this: Do you think the government is using the coronavirus to justify a coin shortage so they can push a cashless society onto us?"I couldn't help myself - I laughed out lou...Read More
We learned from Steven Turner, Managing Director of Rafaella Resources Limited (ASX:RFR), that they are focused on fast-tracking their wholly-owned Santa Comba tungsten project and are targeting cash flows in 1H 2021. Santa Comba is a past producer, with a well understood resource, great infrastructure, close to deep water ports, which makes the cost of getting back into production quick and very...Read More
Unigold (TSXV: UGD) has announced an updated mineral resource estimate for the Candelones oxide project on the company's flagship Neita concession, a 226-sq.-km land package located in the province of Djabon in the Dominican Republic, 220 km northwest of the capital Santo Domingo.The pit constrained oxide mineral resource now stands at measured and indicated resources of 3.43 million tonnes gradin...Read More
Copper cleared the pivotal US$3 per lb. level on Monday as the recovery in the Chinese economy, the world's top consumer of the metal, gains momentum.Copper for delivery in December trading on the Comex market in New York changed hands for US$3.065 per lb. (US$6,757 per tonne) in early afternoon trade, the highest since June 2018. The move brings gains of 10% for 2020 and 58% since the Covid-19 lo...Read More
GFG Resources (TSXV: GFG; US-OTC: GFGSF) has begun this year's second-phase, 8,500-metre drill program at the 475-sq.-km Pen project, 40 km west of the Timmins gold district in Ontario.The program will test high-grade gold targets across four prospective areas of the property. Pen covers a 50-km-long section of Archean greenstone, the interpreted western extension of the Porcupine-Destor fault zon...Read More
After closing a $12-million private placement in August, Nighthawk Gold (TSX: NHK; US-OTC: MIMZF) is looking to triple the metres drilled at its Indin Lake gold project in Canada's Northwest Territories next year, with up to 75,000 metres planned using five drill rigs. The program, which starts this fall, marks a significant increase from this year's ongoing program of 25,000 metres using three dr...Read More
Aurelius Minerals (TSXV: AUL) has released assay results for three holes completed within the Aureus West portion of its wholly owned 16.8-sq.-km Aureus gold project in Nova Scotia, 150 km from Halifax. These assays are from previously unsampled and unassayed core, which was extracted back in 2010 by a past project operator.The drill highlights include 22 metres of 2.31 grams gold per tonne from 8...Read More
Ecuador's Constitutional Court has struck down a request for a referendum on mining activities at INV Metal's (TSX: INV) Loma Larga underground mine project in Azuay province's Cuenca canton, the company reports.The referendum request, submitted on Aug. 3 by the prefect of Azuay, was the third referendum request for the project, all of which have been rejected by the country's top court."We have b...Read More
AngloGold Ashanti (NYSE: AU) and partner Barrick Gold (TSX: ABX; NYSE: GOLD) are selling their 80% stake in Mali's Morila gold mine amid political uncertainty in the country following a recent coup, the second in less than 10 years.Australian miner Mali Lithium (ASX: MLL) will pay between US$22 million and US$27 million for the joint company that holds the two miners' stakes in the mine. The remai...Read More
Almonte, an engineer with a MSc in nuclear physics from the Universidad de Surrey in the UK, said developing the institutionality of the ministry was a key task and he intended to implement theRead More
While everyone talks about Warren Buffett's pivot into the gold space, it appears that gold isn't the only metal the oracle wants exposure to.This morning it was reported that Buffett has acquired a 5% stake in each of the five leading Japanese trading companies.Berkshire says it intends to hold the investments for the long term, and that it may increase its holdings in any of the companies up to...Read More
Osino Resources' CEO Heye Daun explains the five million gold ounce potential at the company's Twin Hills project in Namibia ...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index had a quiet week, as it remained in its tight trading range and added 4.61 points to close at 1071.51.MACD fell 1.98 points to -4.02. RSI dropped 3.11 points to 63.66 points.Support is now at 1063.85 (20-day moving average) and 1038.45 (middle Bollinger). Resistance i...Read More
Aug 27, 2020 (Financial News Media via COMTEX) --FN Media Group Presents Oilprice.com Market Commentary London - August 27, 2020 - A post-COVID new normal...Read full newsRead More
Aug 27, 2020 (Financial News Media via COMTEX) --FN Media Group Presents Oilprice.com Market Commentary London - August 27, 2020 - A post-COVID new normal...Read full newsRead More
Aurania Resources Ltd. (TSXV: ARU, OTCQB: AUIAF, Frankfurt: 20Q) is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities - Cutucu Project, is located in the Jurassic Metallogenic Belt, in the eastern foothills of the Andes m...Read More
We spoke with Paul Sorbara, President, CEO, and Director Golden Goliath (TSX.V: GNG). They have a gold property named Kwai in the Red Lake District of Ontario. They just raised two and a half million dollars for drilling planned to start in September. Golden Goliath has a very experienced Management Team. They are well-financed, with money for exploration, a good drill target, and a good property...Read More
Gold has turned out to be a safe haven during this pandemic. Along with technology, it is another investment that analysts are assessing for a bubble. Many experts are saying that gold is experiencing a bigger bubble than technology.Investors use gold to hedge against market volatility and inflation. The pandemic and resulting market chaos have quickly appreciated the market value of the gold comm...Read More
Society has a trust issue. It's why people stick with their tribe of choice on social media. It's why politics has become an "us or them" team sport over these past two decades or so. And it's why a growing number of people seem to treat scientific fact more like a suggestion. Increasingly, it's why gold is seeing a surge in popularity while everything else collapses around it. According to a...Read More