Days after closing the acquisition of the Blackwater gold project in central British Columbia from producer New Gold (TSX: NGD; NYSE-AM: NGD), Artemis Gold (TSXV: ARTG) has released the results of a revised prefeasibility study on the asset.The latest study suggests a 23-year open pit operation, with a staged development. The first, five-year phase would be at a throughput of 5 million tonnes per...Read More
The first phase of drilling at Palladium One Mining's (TSXV: PDM; US-OTC: NKORF) wholly owned Lantinen Koillismaa (LK) project in north-central Finland has returned long mineralized intervals, starting at shallow depths. The latest results are from the Murtolampi zone, 2.5 km north of the Kaukua deposit at LK.Drill highlights from the nine holes reported include 87 metres of 1.43 grams per tonne p...Read More
Golden Minerals (TSX: AUMN; NYSE: AUMN) has released a second set of assays results from its Rodeo gold-silver project, 80 km west of its Velardena project in Mexico's Durango state.Highlights include 25 metres grading 6.66 grams gold per tonne and 13.9 grams silver per tonne starting at a depth of 8 metres in drill hole 20-012.Other notable assays include 21 metres grading 2.85 grams gold and 10....Read More
Skeena Resources (TSX: SKE; US-OTC: SKREF) plans to drill a combined 89,000 metres of exploration and infill drilling before the end of the year at its Eskay Creek gold-silver project in British Columbia's Golden Triangle and has completed 46 holes covering 24,000 metres since it restarted the drill program in July."In September we intend to add two more drill rigs, which will bring our rig count...Read More
South Africa's mines ministry has approved the sale of AngloGold Ashanti's (NYSE: AU; JSE: ANG) last remaining assets in the country to Harmony Gold (NYSE: HMY), on condition that it does not delist from the Johannesburg Stock Exchange.AngloGold announced the US$300 million sale earlier this year. The portfolio included Mponeng, the world's deepest gold mine and the company's last underground oper...Read More
I got an email from Gerardo in June of last year:I've held off on sending out an update on gold because I wanted to be sure that the weekly closing last week held the $1,383 level which was resistance.The yellow metal passed that test with flying colors, bursting through the $1,400 level and trading at $1,415/oz. as I write this....we now have the energy and volatility we need for the new gold bul...Read More
The U.S. energy industry on Tuesday was preparing for a major hurricane strike, cutting crude production at a rate approaching the level of 2005's Hurricane Katrina and halting oil refining at plants along the Texas-Louisiana coast.Read full newsRead More
Comet Resources (ASX:CRL) is pleased to announce that it has executed a Share Purchase and Joint Venture Agreement with the shareholders of El Alamo Resources Limited for the 100% acquisition of the Santa Teresa Gold Project.Read full newsRead More
Noble Mineral Exploration Inc. (Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Getting long-term rates right is going to be critical for the rest of the year. Higher rates either due to increased Treasury supply or expectations of better economic growth should hurt long-duration assets such as Technology and Utilities sector stocks. I expect that gold could do well or poorly depending on whether rates are being driven by supply or economic growth. On Monday on Real Vision,...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce that the Summer 2020 drilling program at the Hurricane zone has begun. Discovered in 2018 on the Larocque East property, the Hurricane zone is a recent discovery of high-grade uranium mineralization with intersections of up to 33.9% U3O8 over 8.5m. The Larocque East property is 100% owned by IsoEnergy and is...Read More
Gold mining can demolish Amazon rainforest in just a few days. New research finds that the impacted forest does not recover even 3-4 years after a mine is abandoned.Read full newsRead More
Vancouver, BC - Summa Silver Corp ("Summa Silver" or the "Company") (CSE: SSVR, Frankfurt: 48X) is pleased to announce that is has signed a definitive agreement to earn up to a 100% interest in a dominant land position in the historic Mogollon silver-gold mining district (the "Property") of southwestern New Mexico from Allegiant Gold Ltd ("Allegiant") (TSXV: AUAU). Key Mogollon Property Highli...Read More
Gold mining can demolish Amazon rainforest in just a few days. New research finds that the impacted forest does not recover even 3-4 years after a mine is abandoned.Read full newsRead More
The lift was said to be fuelled by optimism surrounding various COVID-19 treatments and hopes the virus wouldn't hamper growth.The big moves made by mining equities in Toronto yesterday were book-ended by Northern Dynasty Minerals' slump and RTG Mining's spike.Northern Dynasty (TSX: NDM), the company behind the proposed Pebble mine in Alaska, closed down more than 37% yesterday in the wake of what...Read More
Summer is still with us, but fall is just around the corner. Which stocks should Canadian investors be adding to their wish lists before the seasons change? Investors may wish to take full advantage of the situation to build a mini barbell of stocks. A balance of near-term gains in beaten-up names and longer-term safety stocks could suit a variety of investment types, as the economy navigates a st...Read More
The coronavirus hurt gold mining stock Agnico Eagle's production and drove up its costs. But cash flow is healthy and it should earn significant free cash flow in the second half.Agnico Eagle expects its quarterly gold production to return to Q4 2019 levels.Given the COVID-19 pandemic, Agnico's first quarter was challenging. Gold production and unit costs were negatively impacted in March as the c...Read More
Western Areas holds 19.9% of Panoramic and is watching to see if the North Savannah development hits milestones before potentially considering a "move forward" corporately.Read More
Revenue dipped 17.9% year-on-year to US$57.4 million in the six months to June 30, while net profit fell 45.9% to $4.6 million and the company suspended its dividend. Master Drilling said net operating cash generated rose 100%, though, to $11.1 million."The group entered the year facing a challenging operating environment and deteriorating economic fundamentals across many of the 23 countries in w...Read More