"This financing is a very important milestone that substantially de-risks the company and allows us to further expand all of our activities with a view to fast-tracking the timeline to maiden resource, PEA and further project development of the Twin Hills area of the Karibib gold project," CEO Heye Daun said.Osino has described Twin Hills as a grassroots discovery in an old gold district, where it...Read More
Nelson expects domestic thermal coal demand to drop 30% in 2020. "We expect very weak second-quarter earnings for coal producers under our current baseline scenario.Read More
The African National Congress' Economic Transformation Committee's "Reconstruction, Growth and Transformation" document, released last week, had suggested encouraging JSE listings, incentives for investing in mining exploration and resolving regulatory uncertainty.It had reaffirmed South Africa remained a global mining powerhouse but also acknowledged the falling levels of investment in exploratio...Read More
Share this articleTORONTO - Shares in Alamos Gold Inc. are trading lower after the miner announced it would proceed with a $514 million expansion of its Island Gold mine in northern Ontario.It says the decision is based on a study of several options that concluded the best path forward was to proceed with a mill upgrade and shaft expansion to increase ore extraction to 2,000 tonnes per day by 20...Read More
Arizona Metals Corp. (TSX.V: AMC) owns 100% of the Kay Mine Property, in Yavapai County, which is located one hour north of Phoenix, Arizona, on a combination of patented and BLM claims, totaling 1,370 acres that are not subject to any royalties. A historic estimate, by Exxon Minerals, in 1982, reported a "proven and probable reserve of 6.4 million short tons, at a grade of 2.2% copper, 2.8 g/t go...Read More
So, has anything interesting happened to Tesla lately?Unless you've been living under a rock, which might be a possibility given the pandemic climate we find ourselves trading in today, it's a safe bet that you've seen a story or two regarding the world's best hype man.Tesla's stock move recently was nothing short of spectacular:Was the move justified? Of course not.The sentimental valuation spike...Read More
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 (TSX: AGI; NYSE: AGI) announced that it is proceeding with an expansion of the underground mine to 2,000 tonnes per day, up from 1,200 tonnes per day.The expansion study outlines average gold production of 236,000 oz. annually starting in 2025, onc...Read More
Kinross Gold's (TSX: K; NYSE: KGC) Lobo-Marte gold project in northern Chile could produce a total of 4.5 million oz. gold over a 15-year mine life at an estimated cost of US$995 million, according to a newly released prefeasibility study (PFS).The nearly US$1-billion price tag for the project, located in the country's Maricunga mining district, includes a US$230 million contingency.The project wo...Read More
Russian miner Nordgold (LSE: NORD) is offering to buy all shares in Ghana-focused Cardinal Resources (ASX: CDV) it does not already own, valuing the Australian-listed company's equity at A$347 million (US$243 million).Nordgold, whose non-executive chairman is billionaire Alexey Mordashov, is Cardinal's largest shareholder with a voting power of almost 19%.The Moscow-based company had attempted to...Read More
Cornerstone Capital Resources (TSXV: CGP) plans to call a meeting of SolGold's (TSX: SOLG; LSE: SOLG) shareholders to replace the company's entire board, the investor said today.The move by the Ontario-based junior, which has an 8% interest in SolGold, comes after it rejected the Ecuador-focused mining company's second takeover approach on July 14."The current SolGold board is incapable of managin...Read More
Putting nature above business considerations has the potential to generate 395 million jobs and US$10 trillion in business opportunities by 2030, the World Economic Forum (WEF) says in a new report.Unprecedented job losses and economic uncertainty due to the coronavirus pandemic have governments looking at ways to stimulate growth safely. Experts at the WEF say the answer can be found in what they...Read More
West Red Lake Gold Mines, Inc. (CSE: RLG, OTCQB: RLGMF, FSE: HYK) has assembled a significant property position, totaling 3,100 hectares, in the prolific Red Lake Gold District of Northwest Ontario, Canada, which contains three former gold mines. We learned from John Kontak, President and Director of West Red Lake Gold Mines, that they have commenced drilling, targeting new high-grade discoveries...Read More
Editor's Note: I first introduced you to Reconnaissance Energy Africa a little over a month - and 70% - ago (interview here). Founder Craig Steinke calls it "the highest-impact oil and gas play in the world right now." His company is about to ship a rig to the Kavango Basin in Namibia, which it entirely controls. It'd be like if one company controlled the entire Eagle Ford. I recap recent explorat...Read More
Cerro Blanco is one of the highest grade undeveloped gold projects globally, once in operation it will produce in the first quartile ...Read More
There's a major overlooked risk in the gold market, and the mainstream media isn't talking about itRead full newsRead More
Stewart Thomson, Graceland Updates1. The big question about America is how much more money the Fed can print while the government runs a program of borrowing money to infinity... before hyperinflation turns the fading empire into a fire pit.2. The debt-themed empire is in tatters already, but it has yet to become an inferno. The world watches aghast, as Americans blow each other aw...Read More
By: Gary SavageHere is what to look for on the gold breakout. Bullion banks are stuck in a large short position, they have covered some but have a significant problem. After multiple attempts, gold has broken out of this sideways/box. A break above $1,800 doesn't hold a lot of resistance, but holds the potential to be a false breakout: Stocks becoming dangerous:Gary Savagehttps://blog.smartmoney...Read More
By: Ira EpsteinGold 1796 area is a swing point, if taken out, then the market will head towards its 18-dma support around 1786 area. Doesn't mean the party is over:Read More
The fall in silver and gold is just profit taking and should be used to go long or invest. Crude oil should crash (on demand fundamentals) but is not even correcting. New investors of precious metals and industrial metals are waiting for correction to invest. Pension's funds have to give pensions to pensioners. They have increased their portfolio allocation to gold. Silver price will break past...Read More
"Throw out the old rulebook," advises Christophe Ollari, founder of Ollari Consulting. In a Real Vision interview Tuesday, he makes the case that we have entered a period of no turning back for central banks. He argues that normalization will not be possible, and I agree. We were assuming as much when we suggested in our market report Monday that we were approaching a period of helicopter money....Read More