Gold prices finally edged lower on Tuesday, still remaining above the threshold of $1,800 they were able to break last week. As the U.S. dollar strengthened, although worries over surging coronavirus cases globally and US – China tensions remain, spot gold was down 0.1% at $1,801.11 per ounce by 0647 GMT. U.S. gold futures fell 0.6% to $1,804. "We are seeing pressure on risk assets given th...Read More
In case you haven’t noticed, things are not going well for our neighbours to the south. At the beginning of the pandemic and economic downturn, there were many economists recommending investors look to U.S. equities to keep cash safe. After all, the United States is considered the super power of the world. If there is any country set to make a comeback the quickest, it’s this country....Read More
Silver, gold’s under-performing younger sibling, is on a tear and could double in 2020. The price has outpaced gold over the past few weeks. If things keep heading in the precious metal’s favour the price could soon exceed US$20 an ounce. With the metal moving higher, should investors take a look at owning it today?Bullish factorsPractically everything seems to be moving on silver&rsqu...Read More
Equities across the globe were relatively quick to recover post-COVID-19 crash. Canadian broader markets managed to surge around 45% since its record lows in March, marking one of the grand upturns of all time.However, there are some TSX stocks that soared far beyond broader markets. One of them is Pan American Silver Corp. (TSX:PAAS)(NASDAQ:PAAS). The stock has soared 216% since the epic coronavi...Read More
Image by Jo Johnston from Pixabay. MAJOR, a manufacturer of high-performance wire screening media, is offering aggregate and mining producers access to the company's free virtual training series to help operations optimize efficiency and team learning amid the conditions caused by covid-19.The on-demand webinars provide practical tips involving screen media, screen boxes and the screening process...Read More
MINING.COM MINUTE is a roundup of the biggest stories from the global mining and metals industry.This week's top stories:Barrick sees 15% drop in Q2 gold output - Read moreCovid-19 disrupts $8.8 billion of global mining output - Read moreESG to play a greater part in post-covid mining - Read moreNorthern Dynasty expects final Pebble EIS next week - Read moreFirst rare earth firm in decade to go p...Read More
1980 Marathon C-300 Electric Car by Marathon Electric Car Ltd. of Montreal, Quebec, Canada. US sales outlet was Marathon Electric Vehicles of Falls Church, Virginia. Image: Alden Jewell. Car sales are running at least 20% below 2019 levels with annualized June figures pointing to a 2020 light vehicle market of 76.6 million units. At the same time, electric vehicle penetration rates continue to c...Read More
Round Top rare earths project is located outside El Paso, Texas. Image from USA Rare Earth. Geomega Resources, (TSX:V.GMA) a rare earth clean technologies developer, and USA Rare Earth, the funding and development partner of the Round Top Heavy Rare Earth project in Texas, announced Thursday that they have entered into a Letter of Intent (LOI) to recycle rare earth-containing production waste fro...Read More
Pilot plant will have the capacity to concentrate 30 tonnes per hour of dry ore, using magnetic separation technology (Credit: Vale) Vale (NYSE: VALE) has launched in Minas Gerais, Brazil, a pilot plant with magnetic concentration of low-grade iron ore, without using water. The Brazilian technology, known as FDMS (Fines Dry Magnetic Separation), is unique in the world and was developed by New Ste...Read More
AIM-specialist Numis had built up a presence in the small-midcap mining sector, acting as UK broker to companies including Shanta Gold, Pan African Resources, Yellow Cake and Base Resources.Staff have been placed on a consultation period until the end of next week.An analyst from fellow broker SP Angel said the withdrawal "may reflect a lack of critical mass and expertise in the sector, high busin...Read More
COVID-19 shutdowns across southern Africa hit several of Anglo's business units, while the company also faced PGM processing issues, a gas explosion at its Grosvenor mine in Australia and challengingRead More
Mantashe, who turned 65 in June, is reportedly the country's first minister to test positive for the coronavirus.The office of the presidency said Mantashe and his wife Nolwandle, who had also tested positive, were in isolation and the minister would continue to work from home.It was the minister's third round of tests since the outbreak of the virus, the office said.Days earlier, when commenting...Read More
Share this articleTORONTO - Kirkland Lake Gold Ltd. says it will cut up to 255 staff positions due to a pandemic-related suspension of operations at its Holt Complex in northern Ontario.The Toronto-based company says it has reassigned about 220 of the complex's 475 workers elsewhere within its Canadian organization since the suspension began in April.However, Kirkland Lake Gold says it now believe...Read More
Share this articleTORONTO - Barrick Gold Corp. is reporting lower production of gold and higher costs at its mines in preliminary second quarter results.The Toronto-based miner says gold production in the three months ended June 30 fell by about eight per cent to 1.149 million ounces from 1.25 million in the previous quarter, mainly due to COVID-19 related disruptions at its Veladero mine in Arg...Read More
About 12 years ago, I decided to go vegan. Not for ethical or even health reasons -- I really just wanted to try it.I wanted to see what would happen...I wanted to experiment with new recipes within the confines of dietary restrictions.I wanted to see how it would affect my health, my mood, and my overall outlook on food...Truth is, it wasn't bad.I actually enjoyed much of the food that I made, s...Read More
U.S. firms have been atop the industry pursuing precious metals across the globe. The Northern Miner presents its top-10 list of U.S.-based, mid-tier and junior precious metals companies by market cap as of mid-July.1. Coeur MiningMarket cap: US$1.44 billionSurveyors at Coeur Mining's Rochester gold-silver mine in Nevada. Credit: Coeur Mining.Coeur Mining (NYSE: CDE) is a U.S.-based producer of pr...Read More
Corvus Gold (TSX: KOR; US-OTC: CORVF) has announced a discovery at its Lynnda Strip target, 2.5 km north-northeast of its Mother Lode deposit in Nevada's Greater Bullfrog gold district.The company released assay results for hole CH20-011, which returned 197 metres of 0.44 gram gold per tonne, starting at 264 metres, and includes higher-grade intervals, such as 5 metres of 1.44 grams gold and 44 me...Read More
OceanaGold's (TSX: OGC) Waihi District preliminary economic assessment (PEA) envisions an additional 2.2 million oz. of gold output from the Waihi district between 2021 and 2036.The additional ounces would be sourced from the Marth and Gladstone open pits, as well as from the underground portions of the Martha and Wharekirauponga (WKP) deposits.Based on a growth capital estimate of US$447 million...Read More
Covid-19 has impacted the mining industry across the globe as lockdowns and travel restrictions have forced companies to halt or scale down operations and suspend work on projects, while reopening plans have been disrupted by fresh outbreaks.S&P Global Market Intelligence in a new report measures the impact of mine closures and project delays, showing Latin America is the hardest hit in terms of t...Read More
Belaunde has a background as a consultant in community negotiation, real estate management, land and legal physical sanitation in the mining sector.Read More