Share this articleTORONTO - New Gold Inc. is reporting lower production from its Rainy River and New Afton gold mines in Canada during the second quarter, in part due to COVID-19 disruptions.Gold production at Rainy River dropped to 48,800 ounces in the three months ended June 30 from 50,400 ounces in the first quarter after the mine was closed for 12 days so its workers could follow the two-we...Read More
Hecla Mining Company (NYSE: HL) is a leading low-cost U.S. silver producer, with operating mines in Alaska, Idaho, and Mexico and is a gold producer, with operating mines in Quebec, Canada and Nevada. The Company also has exploration and pre-development properties in eight world-class silver and gold mining districts in the U.S., Canada and Mexico, also an exploration office and investments in ear...Read More
Today is Tuesday, July 14, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,812.00. It's up 0.50% from yesterday and up 27.97...Read More
Today is Tuesday, July 14, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Sabine Royalty Trust (NYSE: SBR), WPX Energy (NYSE: WPX), and San Juan Basin Royalty Trust (NYSE: SJT).Sabine Royalty Trust (NYSE: SBR)Sabine Royalty Trust (NYSE: SBR) is a $446.71 million company today with a one-year return of -35.75%. Let's look at its price-to-earnings (P/E)...Read More
It is always a good idea to front-run the Fed.In my newsletter Bull and Bust Report, we've been pounding the table for gold and silver for a while now...Gold was moving because Fed Chairman Powell told us he was going to destroy the U.S. dollar and we believed him.The black part is gold, silver is the gold line, and the blue line is the U.S. dollar ETF. As you can see, the dollar is slowly rolling...Read More
July 14, 2020 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") announces its second set of results from its maiden drill program at its wholly owned Hog Heaven Project, which returned multiple significant intervals of high-grade silver and gold mineralization. A total of seven holes representing 1,400.35m were drilled of HQ sized core.Chairman and CEO of Brixton, Gary R. Thomp...Read More
An updated preliminary economic assessment (PEA) for Rockhaven Resources' (TSXV: RK) wholly owned Klaza gold project in the Dawson Range gold belt outlines a 12-year, combined open-pit and underground operation producing gold and silver dor?(C) as well as lead and zinc concentrates.With total payable metals production of 750,000 oz. gold and 13.8 million oz. silver over 12 years at all-in sustaini...Read More
Alamos Gold (TSX: AGI; NYSE: AGI) has released exploration results from its Island Gold mine in Ontario, which extend high-grade areas at the Island East and Main zones, as well as at Island West.The majority of the notable intercepts in the company's latest news release are from the E1E zone and confirm the vertical continuity of this area over up to 1.2 km, between depths of 300 metres and 1,500...Read More
This week's episode features the second of a two-part interview with CPM Group managing partner Jeffrey M. Christian at the Canadian Mining Symposium, held on Zoom from June 16-18, 2020. MINING.com executive editor Frik Els asked Christian about his views on commodities, including gold, tin and manganese, hydrogen engines and the next financial crisis.Jeffrey M. Christian is managing partner at CP...Read More
In its first estimate since 2010, Western Copper and Gold (TSX: WRN; NYSE-AM: WRN) has updated the resource for its wholly owned Casino project in the Yukon with more drill results that would make it one of the largest copper-gold deposits in the world.The new resource includes results from the 2019 drill program and drilling performed from 2010 through 2012 that was unavailable when the company p...Read More
B2Gold (TSX: BTO; NYSE: BTG) reported consolidated gold revenue for the second quarter of the year at a record high of US$442 million, a 65% increase from the same period last year.The mid-tier Canadian miner attributed the results to a 31% rise in the average realized gold price during the period, as well as to sales jumping by 26%.The Vancouver-based company also saw overall production increase...Read More
The numbers are coming in and they are grim.We already know that second-quarter earnings results are going to be a disaster, yet we'll get the "better than expected" bumps.It's absurd when profits are plunging into steep losses, but earnings hype has always been a charade.What I want to highlight are the "big picture" numbers emerging and, boy, are they scary.While we're talking about what corpora...Read More
Jul 13, 2020 (CNW Group) --COMTEX_367993197/2669/2020-07-13T07:00:36 Is there a problem with this press release? Contact the source provider Comtex at...Read full newsRead More
Strengths? The best performing precious metal for the week was silver, up 4.25 percent. Investors poured money into silver-backed ETFs this week as the precious metals trade begins to increase in scope. Spot gold prices reached the key $1,800 an ounce level. This milestone could help push the metal closer to its all-time high above $1,900. Bloomberg notes that gold futures traded alm...Read More
Richard (Rick) Mills, Ahead of the herdThe US economy is nowhere near recovering from the lockdown measures imposed by cities and states during the covid-19 pandemic, and that is weighing on the US dollar, which has fallen sharply since March. The beneficiary, as expected, has been gold (and silver), which normally moves in the opposite direction as the greenback. Year to date, spot gold has ri...Read More
Great Bear Resources Ltd. today reported a return to pre-pandemicRead full newsRead More
MacDonald Mines Exploration Ltd. announces that, due to continuedRead full newsRead More
Russia kept fuel oil exports to the United States close to its record-highs in the first six months of this year, as Washington looks to replace the heavy Venezuelan barrels it stopped buying a year ago, traders said and data showed.Read full newsRead More