Creating wealth or attaining financial security in your retirement days doesn’t require self-deprivation. Even a modest $200 weekly savings can go a long way. Does that sound unreal? It’s not.A weekly savings of $200 will help you accumulate $208,000 in 20 years. However, if you regularly invest these savings in TSX stocks offering an annual return of 10%, you’ll have $664,000 an...Read More
Gold has seen one of the best moves so far this year in decades. It is up more than 30% in 2020, and interestingly, the rally seems far from over. Market pundits see this movement lasting at least through 2020 due to the broader economic picture. But how can investors play this potential rally with an attractive risk/reward balance?Many TSX gold stocks have rallied more than 60% this year on the b...Read More
Donlin gold project. (Image courtesy of Novagold.)Barrick Gold (TSX: ABX) (NYSE: GOLD) and Novagold Resources (TSX: NG) (NYSE: NG) announced Thursday an update and drill results on their 50/50 co-owned Donlin gold project in Alaska.The 2020 drill program is currently advancing with four drills turning at the site, and all are operating within the framework of stringent safety measures, which incl...Read More
Teranga's Wahgnion open-pit gold mine in Burkina Faso. Image from Teranga Gold. Teranga Gold (TSX: TGZ) has provided an updated life of mine (LOM) plan and issued new 2020 guidance for its Wahgnion gold operation in Burkina Faso as a result of the mine achieving higher than planned production.Since commercial production began in November 2019, Wahgnion's processing plant has performed approximate...Read More
Photo by Bullion Vault, Flickr. Gold extended its record-breaking run on Thursday, driven by expectations of more monetary response as surging coronavirus cases continue to pummel the global economy.Spot gold rose 1.0% to $2,060.01 per ounce as of 1:00 p.m. EDT after reaching an all-time high of $2,069.21 earlier in the day. US gold futures also rose 1.1% to $2,073.40 per ounce.Gold has rallied m...Read More
Operations at the Ok Tedi copper and gold mine. (Image courtesy of Oki Tedi Mining.) Papua New Guinea has halted operations at its massive Ok Tedi copper and gold mine for at least 14 days after seven workers tested positive for covid-19 and the country faces a surge in infections, with local authorities saying they could potentially reach thousands in the next few months.The cases were recorded...Read More
Waihi operations (Credit: OceanaGold) OceanaGold (TSX: OGC) announced on Thursday it has received the mining permit for Wharekirauponga (WKP) in New Zealand, granting the company exclusive right to the mineral resource.The miner purchased the Newmont/Glass Earth interest at WKP - located in the Coromandel Forest Park on the southern Coromandel Peninsula - in 2016, incorporating it into its Waihi...Read More
The company had announced a C$30 million placement this week, plus a $60 million secured credit facility from Sprott Private Resource Lending II, to fund its acquisition of Millennium Minerals and its Pilbara assets including a mothballed 1.5Mtpa plant.Yesterday, Novo increased its placement to $42.5 million, upped the over-allotment option from 15% to 20% and announced a non-brokered $3 million p...Read More
Companies able to provide consistently good results by the drill bit have seen their shares rewarded (see chart). Equities continue to move higher as gold climbs past US$2,000/oz.Read More
Kane Tanaka is 117 years old.She's believed to be the oldest-known living person in the world.But it's only a matter of time before 117 is no longer considered old - but middle aged.At least that's what MIT-trained scientist David Sinclair believes.Known as one of the leading experts in the field of aging, Sinclair is the guy who discovered the survival-circuit theory. And he says that getting col...Read More
Mexico is an attractive destination for Canadian miners with its mining-friendly policies, prospective mineral belts and well-developed infrastructure and legislation. Below, we provide an overview of eight companies with exploration, development and production-stage assets in the country. Americas Gold and SilverLHD loader at Americas Gold & Silver Cosala project's San Rafael mine in Mexico. Cre...Read More
Since the establishment of the spot market for iron ore in 2008 and the inclusion of coking coal prices on the Singapore Exchange in 2014, the price of 62% iron ore has never risen above coking coal, said Clyde Russell, in a column for Reuters news agency on Aug. 5.The spot price of a tonne of iron ore and coking coal, essential materials in steelmaking, delivered on a cost and freight delivered b...Read More
The Global Tailings Review (GTR) has released the first-ever Global Industry Standard on Tailings Management, aimed at strengthening best practices around tailings dams in the mining sector, with the goal of zero harm to people and the environment.The standard is the result of a more than one-year process started by the United Nations Environment Programme, Principles for Responsible Investment (P...Read More
Glencore (LSE: GLEN) posted a US$2.6 billion loss after write-downs for the first half of the year and scrapped its dividend, as the coronavirus pandemic dented global demand and lowered prices and production at its mining division.Despite the virus impact, the Swiss commodities trader and miner managed to remain profitable on an operating basis. Glencore posted US$1.5 billion in adjusted earnings...Read More
The most recent five drill holes (and one redrilled hole) reported from Moneta Porcupine Mines' (TSX: ME; US-OTC: MPUCF) Golden Highway project, 110 km east of Timmins, extend the mineralization at the 55 deposit by up to 250 metres west and 150 metres east of the resource boundaries.Drill highlights included 9 metres of 2.2 grams gold per tonne starting at 160 metres and 9 metres of 0.9 gram gold...Read More
When Alamos Gold (TSX: AGI; NYSE: AGI) paid Placer Dome $10 million for the Mulatos project in Mexico in November 2001, gold was below US$300 per ounce.At that gold price, recalls John McCluskey, the company's president and CEO, "Mulatos didn't look very promising - nothing did at that time - but we entered into the agreement on the assumption that the gold price would rise and it did within six m...Read More
Inomin Mines (TSXV: MINE) has announced an agreement to acquire Gunpoint Exploration's (TSXV: GUN) La Gitana and Pena Blanca gold-silver properties, located 100 km east of Oaxaca City, Mexico.Under the agreement, Inomin will acquire a 100% interest in the properties in exchange for 1 million common shares of the company, $25,000 in cash, and a 1.5% net smelter return royalty (NSR) payable to Gu...Read More
10:44 AM EST - Eclipse Gold Mining Corporation : Reported it has completed an induced polarization (IP) survey at the Hercules Gold Project located in Lyon County, Nevada. A review of the data collected to date showed a good correlation between zones of silicification in outcrop and drilling and resistive features in the recently collectedRead full newsRead More
What factors influence the gold price today?Read full newsRead More
NV Gold Corporation is pleased to announce that the Company intenRead full newsRead More