On April 15, 1998, I got in a terrible car crash...It was a beautiful Spring day and I was driving home from school in my prized 1994 Ford Probe. In what seemed like slow motion, a classmate's red Chevy Camaro blew past a stop sign and directly into my path. There was no time for me to even hit the brakes, so I T-boned him at full speed - shattering his tibia and sending his four seatbelt-less pas...Read More
TORONTO - Yamana Gold Inc. says the Canadian Malartic mine in Quebec has ramped up production more quickly than anticipated following a COVID-related shut-down. The mine, one of North America's largest gold producers, milled more than 60,000 tonnes per day of ore in both May and June, partially offsetting the down time and ramp-up in production that began April 15 after the province allowed wo...Read More
It's a good time to be a gold miner.Gold prices have been on the rise after briefly falling along with equities when investors first ran to cash as the pandemic initially spread to the U.S. Gold futures have gained more than 20% from their March lows to where they are today -- trading for moreRead full newsRead More
Gold will break free from the recent consolidation phase and form a new range. Silver is bullish. Copper and crude oil are in a neutral zone to bullish zone. Better to remain on the sidelines today. A weaker US dollar will ensure that all metals rise before close. Trump has ended special status to Hongkong. (to me Hongkong is a part of China just like Palestine belongs to Palestinians and not to...Read More
MP Materials, owner and operator of Mountain Pass, the only rare earth mining and processing site of scale in North America, today announced a definitive agreement to merge with Fortress Value Acquisition Corp. (NYSE: FVAC), a special purpose acquisition company sponsored by an affiliate of FortressRead full newsRead More
The latest company news releases.Read full newsRead More
Renforth Resources Inc. would like shareholders to know that JulyRead full newsRead More
Kerr Mines Inc. is pleased to announce that it amended the termsRead full newsRead More
PORTOFINO RESOURCES INC. is pleased to announce the appointment oRead full newsRead More
BURK'S FALLS - The Ontario government is investing more than $1.4 million through the Northern Ontario Heritage Fund Corporation (NOHFC) in three companies in the Almaguin Highlands Region, helping create fifteen new jobs."As the province reopens and the economy recovers, companies in the north need our support," said Greg Rickford, Minister of Energy, Northern Development and Mines. "NOHFC fundin...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM / OTCQX: SYATF / FRA: WK3D) (the "Company" or "Siyata") is pleased to announce that the Company has entered into a new alliance with Hyperion Partners, a leading master agent who specializes in mobility across all national wireless carriers.Marc Seelenfreund, CEO of Siyata Mobile, states, "We are very excited for this new alliance as it will expan...Read More
Some exploration companies are targeting the island of Viti Levu.Read full newsRead More
China's unwrought copper imports rose 50% month-on-month in June to a record 656,483 tonnes, Reuters noted, while iron ore imports hit the highest point in 33 months.The MySteel 62% Australian iron ore fines iron ore price rose 2.8% to US$110/t.However copper fell about 1.3% on the London Metal Exchange yesterday to just below $6,500/t, despite the strong demand, possibility of further strike acti...Read More
If you are at all concerned with the amount of government debt and spending in the world today, you need to buy gold. Gold is the ultimate hedge against inflation. This fact is evidenced by the price action of gold over the past 20 years. When banks printed money to postpone the financial in 2008, gold shot up to over US$1,800 an ounce in the following years.Sure, gold fell back for a while. Over...Read More
I would certainly classify my broad view of the stock market today as bearish. I do not buy into recent into the recent rally we’ve seen from March lows. Also, I expect we’ll see significant further downside on the horizon in the coming quarters.That said, there are varying levels of every perspective. In this article, I’m going to consider the potential outcome of a 1930’s...Read More
(Stock Image) Building resilience is the top priority for the mining and metals industry in H2 2020, while market weakness is the top risk, a survey conducted by global law firm White & Case with 67 senior decision-makers revealed. The 2020s are set to be a serious transition period for the mining industry, they say. After two decades of supercharged Chinese growth and omnipresent concerns about...Read More
Island Gold mine - Image courtesy of Alamos Gold Based on the strong economics of the Phase III Expansion study for the Island Gold mine in Ontario, which includes a new 1,373-metre shaft, Alamos Gold announced that it is proceeding with an expansion of the underground mine to 2,000 t/d, up from 1,200 t/d currently.The expansion study outlined average annual gold production of 236,000 oz. annua...Read More
Pebble project in Alaska. Image courtesy of Northen Dynasty Minerals Ltd. Northern Dynasty Minerals (TSX: NDM) subsidiary Pebble Limited Partnership issued a public statement in Alaska on Wednesday on the pending release of the final environmental impact statement (EIS) for the Pebble project.Pebble Partnership CEO Tom Collier said he expects the final EIS to be published in the Federal Register...Read More
Image courtesy of Nyrstar Covid-19 has impacted the mining industry across the globe as lockdowns and travel restrictions forced companies to halt or scale down operations, suspend work on projects, and re-opening plans are scuppered by fresh outbreaks.S&P Global Market Intelligence in a new report measures the impact of these mine closures and project delays, showing Latin America is the harde...Read More
Stock Image. The US coal industry has weakened after taking the brunt of lower electricity demand and is now highly vulnerable to resurgent covid-19 infections that could further reduce demand for coal in a downside scenario, Moody's Investors Service said in a report published on Wednesday. The credit rating agency expects a 'very weak' second-quarter earnings for coal producers. "In 2020, dema...Read More