German luxury vehicle maker BMW signed a US$2.3 billion long-term deal earlier this month with Swedish battery maker Northvolt, the latest of such deals, as European carmakers try to compete with Tesla in the burgeoning electric vehicle (EV) market.Tesla's gigafactories and battery technology have long given it an edge in the EV market (Northvolt was started by two former Tesla executives), but wh...Read More
Scorpio Gold (TSXV: SGN) is acquiring land in Nevada's Manhattan mining district that adjoins the southwestern boundary of its Goldwedge property and includes two past-producing mines.The acquisition of the Manhattan project property claims from Round Mountain Gold and KG Mining will give Scorpio Gold control of land around its Goldwedge project, which contains a fully permitted underground mine a...Read More
"We want the molecular tests to discard the disease; the workers are very afraid as they have been exposed to positive cases which are now isolated in the camp within the mine and some were taken to nearby hotels. If there is no solution we are going on strike," said Ernesto Amas, general secretary of the La Arena union.Pan American said in a statement Monday it was putting its Huaron and Morococh...Read More
Matt Gill, Managing Director and CEO of White Rock Minerals Ltd. (ASX: WRM), updated us on White Rock. White Rock has undergone a 3 to 4-times re-rating since Metals News started covering them, and Matt sees the potential for a much greater upside. They have an advanced JORC compliant gold and silver project in northern New South Wales, Australia, and an exciting new large gold anomaly discovery,...Read More
In late May I told you that "the gold price is likely to take a small breather to close out May but I expect increased volatility in June/July that could lead to a serious run at $1,800.""The mirage of central bank-induced financial stability will not end well. There will be more cracks in the already compromised foundation of the financial structure. Cracks that the Fed believes can be cured with...Read More
CALGARY - Despite negative impacts of the COVID-19 pandemic on production and costs, rising prices for gold are expected to buoy results as Canada's precious metals miners begin rolling out second-quarter financial results next week. In the three months ended June 30, the average gold price was US$1,713 per ounce, up eight per cent over the first quarter, said RBC Capital Markets in a report t...Read More
ABUJA, Nigeria President Muhammadu Buhari said Thursday that the government is set to reform gold mining that will produce a revenue of $500 millionRead full newsRead 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 moved up 14.23 points or 1.4% to close at 986.10, making for a nice 3% gain over the past two weeks.MACD jumped 0.7 points higher to 1.70. RSI edged 1.64 to 62.70. RSI briefly made a multi-week high at 65.7 and has broken free from a trading range it was locked within...Read More
ASABA - Urhobo Youth Leaders Association (UYLA) has tasked the Federal Government on the need to address the over 50 years of social-economic neglect of the Urhobo nation, threatening to shut down all oil and gas installations and production in UrhoRead full newsRead More
Barrick Gold Corp said on Thursday it expected a 15% decline in second-quarter gold production due to coronavirus-induced disruptions at an Argentinian mine and a dispute in Papua New Guinea.Read full newsRead More
San Cristobal operation. (Image courtesy of Minera San Cristobal). Japan's Sumitomo Corp. scored a legal victory in Bolivia after the country's top court ruled in favour of the company's wholly-owned subsidiary, Minera San Crist??bal, in a two-year-long labour dispute.This week, Bolivia's Plurinational Constitutional Court ruled that due process was violated when, back in August 2019, an arbitrat...Read More
Spence copper mine located in the Atacama Desert, in northern Chile. (Image courtesy of BHP). BHP (ASX, LON: BHP) is working towards massifying its C-19 Tracer app within Chile's mining industry.According to local media, the world's largest miner has proposed the idea to the Ministry of Science and to other miners operating in the South American country. C-19 Tracer is a mobile application that...Read More
Thomas Albrecht-Schmitt, lead author of the study. (Image courtesy of Florida State University). Researchers have demonstrated that curium can be manipulated to a degree where it may pave the way for new strategies to recycle nuclear fuel and improve the long-term storage of radioactive elements.Curium is element 96 in the periodic table, one of the heaviest known to date and also one of the last...Read More
Not many stocks have everything an investor needs all in one place. However, Lundin Mining (TSX:LUN) offers TSX investors some instant diversification, while also paying a small dividends. This names satisfies a long-term capital appreciation thesis, too. And all of this is rolled into a single defensive stock.Why is this stock defensive?Lundin is a solid all-rounder when it comes to metals exposu...Read More
[JOHANNESBURG] French oil giant Total on Friday said it had signed a US$14.9 billion financing agreement for a gas project in northern Mozambique. Read more at The Business Times.Read full newsRead More
There are several ways to get gold exposure, each with their own unique characteristics.Read full newsRead More
Barrick Gold Corp said on Thursday it expected a 15% decline in second-quarter gold production due to coronavirus-induced disruptions at an Argentinian mine and a dispute in Papua New Guinea.Read full newsRead More
As the country’s tax agency, the CRA affects the lives of Canadians more than much other government and federal institutions. While its usual duty is to ensure that everyone complies with their tax obligations and to offer tax incentives to those most in need, this year has been very different. The government had to provide financial relief to its citizens, and the CRA played a key role.The...Read More
To say we live in a time that will be taught in future history classes is an understatement. Not just because of the pandemic, but because America seems to be a country without a clear path ahead of it. It's a time marked by a divided and dysfunctional federal government. It's a time marked by a shrinking influence on the world stage. It's a time marked by slow but certain change in social norm...Read More