Gold was worth almost $1,920/oz on the spot market earlier, having been about $2,104/oz at this time yesterday.Producers Barrick Gold, Kinross Gold and Yamana Gold all lost 9% or more on the Toronto Stock Exchange.Silver, which this week briefly rose over $29/oz for the first time since 2013, was at $25.17/oz on the spot market at the time of writing."Some people have attributed this to the fact t...Read More
J.P. Morgan led the way in what seemed like a competition to replace previously cautious comments about the iron ore outlook with a rash of optimism.Read More
SNC-Lavalin announced in late July it had entered a definitive agreement to sell its South African Resources arm to local management, with the transaction expected to close within weeks. The price was not disclosed.The company has had a presence in sub-Saharan Africa for more than 40 years.The South African business has around 1,800 employees, and describes itself as a leading shutdown contractor,...Read More
One of the greatest fortunes in history was built by Henry Ford.At its peak, his wealth surpassed $200 billion in today's dollars.To throw a little perspective on this, just keep in mind that it would take the combined net worths of BOTH Bill Gates and Mark Zuckerburg to barely top this feat.It was all thanks to the Model T.By 1925, Ford's Model T accounted for 40% of all cars sold in the United S...Read More
Horizonte Minerals (TSX: HZM) announced that it is arranging a senior secured project finance facility of up to US$325 million to fund the construction and development of its flagship Araguaia nickel project in Para state in Brazil.A syndicate of five international financial institutions, including BNP Paribas, ING Capital LLC, Mizuho Bank, Natixis, and Soci?(C)t?(C) G?(C)n?(C)rale, will act as th...Read More
Wesdome Gold Mines' (TSX: WDO) Eagle River complex in Ontario churned out 25,142 oz. gold in the second quarter at all-in sustaining costs (AISCs) of US$879 per ounce.According to the company, based on 50,264 oz. generated from the asset in the first half of the year, Wesdome is well-positioned to meet its 2020 production guidance of 90,000-100,000 oz. gold at all-in sustaining costs of US$985-$1...Read More
U.S. Gold (NASDAQ: USAU) is adding a new exploration project to its portfolio through its acquisition of Northern Panther Resource Corporation, which holds the Challis gold project in Idaho.U.S. Gold is currently focused on developing the advanced-stage Copper King project in Wyoming and the Keystone project located in the Cortez Gold Trend of Nevada.Under the terms of the merger agreement, U.S....Read More
Canadian miner Hudbay Minerals (TSX: HBM, NYSE: HBM) posted a US$51.9 million loss in the second quarter, as an eight-week suspension of its Constancia copper mine in Peru weighed on results.The Toronto-based company revised down its production targets for its Peruvian operations to 65,000-75,000 tonnes of copper and 25,000-35,000 ounces of precious metals. Hudbay had earlier forecast 80,000-95,0...Read More
Publisher's Note: After fighting in the trenches of the gold bear market for the past few years, finding success where success was scant, I have the good fortune of a deep network in the gold space. That means I can reach out to people most others can't to get an inside look at what's going on in the world of gold, just like I did with billionaire John Paulson and his recent Big Long on gold. Th...Read More
Breaking New Ground - Eldorado Gold corporate video, with Greek subtitles.Read More
Breaking New Ground - Eldorado Gold corporate values video, with French subtitles.Read More
Breaking New Ground - Eldorado Gold corporate values video, with Turkish subtitles.Read More
Co-founders, Nolan Watson and David Awram discuss Sandstorm Gold Royalties as an investment opportunity, exploring the ...Read More
The American Petroleum Institute reported late Tuesday that U.S. crude supplies dropped by 4.4 million barrels for the week ended Aug. 7, according to...Read full newsRead More
A refinery worker in Australia has been awarded almost $200,000 in compensation by BP after being fired over a Hitler meme he shared which appeared to mock his bosses over pay negotiations.Read full newsRead More
Granada Gold Mine is pleased to provide an update of its 2020 HigRead full newsRead More
LAURION Mineral Exploration Inc. (TSXV:LME) is pleased to announcRead full newsRead More
Brigadier Gold Limited is pleased to announce that Mr. Garry ClarRead full newsRead More
The rally that pushed gold to record heights above US$2,000 an ounce has come to an abrupt halt, with the haven metal seeing the biggest drop in seven years after bond yields spiked higher.Read full newsRead More
The rally that pushed gold to record heights above US$2,000 an ounce has come to an abrupt halt, with the haven metal seeing the biggest drop in seven years after bond yields spiked higher.Read full newsRead More