Back in March, the U.S. Congress printed up $2.2 trillion and gave it out to the voters. Single Americans got $1,200, married couples got $2,400, and parents would see $500 for each child under age 17.However, the payments phased out for individuals with adjusted gross incomes of more than $75,000, and those making more than $99,000 would not qualify at all. The government gave $300 billion in on...Read More
The rally in gold, which surged to a record high nearly two weeks ago, is beginning to lose steam with hopes for a coronavirus treatment and signs of improving economies undercutting the metal's appeal as a safe haven.Spot gold fell 0.6% to US$1,916.61 per oz. by 11:50 a.m. EDT on Aug. 25, while gold futures for December delivery declined 0.9% to $1,921.80 per oz. on the Comex in New York.At marke...Read More
The results of Trevali Mining's (TSX: TV; US-OTC: TREVF) prefeasibility study of an expansion of the Rosh Pinah zinc-lead-silver underground mine in Namibia to 1.3 million tonnes per year, up from 700,000 tonnes per year currently, shows the potential for increased production at lower operating costs starting in 2023.The proposed 11-year mine would produce an average of 132 million lb. payable zin...Read More
After completing a sale or investor solicitation process (SISP) under the Companies' Creditors Arrangement Act (CCAA), Nemaska Lithium has ultimately accepted a sale proposal, structured as a credit bid, from Orion Mine Finance (its largest secured creditor), Investissement Quebec and the Pallinghurst Group.As part of the bid, Nemaska would be reorganized into a new entity that would hold specific...Read More
This week's episode examines the fallout from Rio Tinto's blast scandal that destroyed two ancient caves of high archeological significance in Australia. The show presents the beginning of Rio Tinto's Q2 earnings call, where chief executive Jean-S?(C)bastien Jacques offers sympathy to the Puutu Kunti Kurrama and Pinikura (PKKP) people. Then we take a look at the transcript of Australia's parliamen...Read More
Vale (NYSE: VALE) has begun producing high-grade iron ore fines for pelletizing at its new 3-million-tonne-a-year grinding hub at China's Shulanghu Ore Transfer Terminal.The unit, a partnership with Ningbo Zhoushan Port Group, is generating a new product, known as GF88. The high-grade ground iron ore fine uses the company's flagship Caraj??s Fines as raw material and will partially feed growing de...Read More
ALX Resources (TSXV: AL) has entered into an option agreement with Rio Tinto (NYSE: RIO; LSE: RIO) on its Falcon nickel project in northern Saskatchewan.Under the deal, Rio Tinto may acquire up to an 80% interest in the project by spending $12 million on exploration over six years and by making cash payments to ALX totalling $125,000.Due to a naming conflict with another Rio Tinto mineral explorat...Read More
CEO Mark Norwell said on a financial results conference call the company was likely to post similar numbers in FY21 as the $2.Read More
Fawaz joins Ambler Metals from Newmont where he was SVP projects from February 2011 to October 2019, with responsibility for the development and execution of Newmont's major gold and copper projects globally."With decades of experience in the development of major resources projects, his leadership will be integral to the next phase of Arctic studies and unlocking the value of the Ambler District's...Read More
BME said it had initiated 3,780 detonators in a single blast at a manganese mine near Hotazel in the Northern Cape.Area manager Kobus Boonzaaier said the latest record was once again achieved using the company's AXXIS GII electronic detonation system.The company said it had earlier achieved a world record blast of 7,401 electronic detonators in the main pit of the Kansanshi copper mine in Africa."...Read More
The association developed the accolade in 2017 in pursuit of responsible sourcing strategy options for copper, modelling it on the United Nations Sustainable Development Goals.After extensive stakeholder consultation, pilot assessment with 25 member companies, and standards refinement, the Copper Mark was launched in March. The Copper Mark is now an independent entity with a multi-stakeholder coun...Read More
While the stock market is at all-time highs, gold is right up there near them as well.This may seem counter-intuitive with both rising at the same time. In some ways it is, but it isn't.It isn't just a doom-and-gloom counter-narrative, though plenty of gold haters always see any rise in gold prices that way.Instead, what we're seeing is the formation of a long-term trend both in underlying causes...Read More
A short video of the development of Alphamin's Bisie tin mine. From 2013 through to production.Read More
Hedge funds continued to switch their focus from crude oil to refined fuels last week - betting refinery margins are too low and will have to rise even as signals about the benchmark oil prices remain conflicting.Read full newsRead More
Brixton Metals Corporation is pleased to announce that it has entRead full newsRead More
Bold Ventures Inc. is pleased to announce that it has received alRead full newsRead More
Senior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developmentsRead full newsRead More
Vancouver, BC - LEAF Mobile Inc. (TSX.V : LEAF), a leading creator and publisher of counter culture mobile games, today announced that it will report its financial results for the second quarter ended June 30, 2020 after the Canadian market close on Monday, August 31, 2020. Following this announcement, LEAF management will host a conference call on Tuesday September 1, 2020 at 6AM PT/9AM ET to dis...Read More
Arena Energy has filed for bankruptcy with a plan to sell virtually all of its assets to private-equity firm Lime Rock Partners and a management group in a deal that includes $64.2 million in cash.Read full newsRead More
Are Gold ETFs A Better Bet Than Gold Stocks? Aug 21, 2020 (GoldStocks.com via COMTEX) --This has been a tough week for gold stocks and the price of gold in...Read full newsRead More