BRAZIL-INDIGENOUS/MINING (INSIGHT, PIX, GRAPHIC):INSIGHT-Amazon gold rush: illegal mining threatens Brazil's last major isolated tribeRead full newsRead More
Adapting Mining Operations to Times of InstabilityThe world economies have slowed, and commodities prices have changed significantly as demand decreases, forcing several major mining companies to revisit and adjust their plans for 2020. Regardless of size or commodity, almost all mining organizations across the world have changed the way they operate, adopting a wide variety of measures to keep st...Read More
WHO said there were 230,370 new cases in the 24 hours to 10am yesterday, taking the global tally to more than 12.5 million, while the death toll is above 561,600.The silver price strengthened towards $19/oz and gold price had risen above $1,800/oz again last week."Not much appears to stand in the way of gold challenging the all-time high of $1,921/oz set in September 2011," World Gold Council chie...Read More
It’s time to buy growth stocks. These businesses have crushed the overall market for more than a decade.When most people think of growth, they think of tech. But plenty of other industries are capable of doubling, tripling, or even quadrupling your money. The stock picks below have already proven that ability.If you want to add some growth to your portfolio, Brookfield Infrastructure Pa...Read More
Visible gold in core at Wallbridge Mining's Fenelon project in Quebec's Abitibi. (Credit: Wallbridge Mining) Wallbridge Mining's drill program at the wholly owned 85.6-sq.-km Fenelon gold project in Quebec has expanded the Tabasco-Cayenne shear zones by 100 metres down-plunge. In addition, infill work continues to hit high-grades near existing underground workings around the Main Gabbro shear zo...Read More
Image from New Placer Dome. New Placer Dome's geology team and drilling crews are preparing for the company's first, 10,000-metre reverse circulation (RC) drill program at the Carlin-style Kinsley Mountain project in the Elko area in Nevada.The initial drill program will focus on testing high-grade gold targets within the Secret Canyon shale formation at the Western Flank zone, where known gold...Read More
La Ronge Gold Belt, Saskatchewan. Credit: MAS GoldSouthern Empire Resources (TSXV: SMP) announced Monday that it has agreed to acquire all of the issued and outstanding common shares of MAS Gold (TSXV: MAS).The terms of the deal are that each shareholder of MAS Gold will receive one common share of Southern Empire for every 8.5 common shares of MAS Gold. On completion, Southern Empire will issue a...Read More
Image by Hin und wieder gibts mal was. from Pixabay. Mining software producer MICROMINE has launched Micromine Effects (MFX), a viewer aimed at facilitating the sharing of complex design and visualization files for resource estimation.Paul Hooykaas, MICROMINE's chief product strategy officer, has been with the company since its inception in 1986, and says it has been an interesting journey as the...Read More
The Didipio copper-gold mine is located 270 km north of Manila. (Image courtesy of OceanaGold) OceanaGold (TSX: OGC) said on Monday that it has not received any formal order from the Philippines Court of Appeals regarding its request to allow interim operations at the Didipio gold-copper mine.The company applied for an injunction in July 2019 as a temporary measure to operate while it challenges...Read More
The warning emerged on Friday, before South Africa's president Cyril Ramaphosa yesterday announced a night-time curfew to begin today as the number of cases in the country balloon at the "equivalent of 500 new infections every hour"."The COVID-19 lockdown and its broader impact on economic activity appears likely to reduce mining output by 15-25% in 2020," minerals council CEO Roger Baxter said on...Read More
Share this articleTORONTO - 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 pro...Read More
In the wake of COVID-19, gold has soared in popularity as an investment asset.According to the World Gold Council, gold-back ETFs realized record annual inflow during the first half of 2020. Meanwhile, some traders see gold penny stocks as the next big Robinhood user fad. Crescat Capital's global macro analyst Otavio Costa says, "Wait until the Robinhood traders learn about the gold and silver pen...Read More
Wallbridge Mining's (TSX: WM) drill program at the wholly owned 85.6-sq.-km Fenelon gold project has expanded the Tabasco-Cayenne shear zones by 100 metres down-plunge. In addition, infill work continues to hit high-grades near existing underground workings around the Main Gabbro shear zones and suggests near-surface zones of gold mineralization within Area 51.With 11 surface and 13 underground ho...Read More
When I was interviewing Jon North, the founder and CEO of 79North (CNSX: TWLV), about his exploration projects in Suriname, a small country at the top of South America, he told me about the many years he had spent working in West Africa and around the Sahel region - the semiarid belt south of the Sahara stretching from Senegal to Sudan.From the time he started working on the continent with his for...Read More
Russian mining company Norilsk Nickel reported that a pipeline belonging to Norilsktransgaz, which is part of the Norilsk Nickel Group, depressurized during the transfer of aviation fuel in the vicinity of the village of Tukhard, located on the Gydanskii tundra.In a media statement, the company said that the spill poses no threats to the health of people living in the area and that crews are alrea...Read More
Egypt-focused gold miner Centamin (TSX: CEE; LSE: CEY) said today it is looking at expansion opportunities as soaring bullion prices and the country's decision to open up its riches to foreign capital unlock opportunities.Gold prices have hit nine-year-highs of about US$1,800 per oz. in recent weeks, boosting treasuries and spurring merger and acquisition activity.Chief executive Martin Horgan sai...Read More
The Dow Jones Industrial Average rose 0.96% to 26,075.30 and the S&P 500 rose 1.76% to 3,185.04 during the July 6-10 trading week. Spot gold jumped US$24.20 per oz., or 1.36%, to US$1,798.60 per ounce.Hecla Mining (NYSE: HL) rose by 26.02% to US$4.02 per share following preliminary production results for the second quarter from its Greens Creek mine in Alaska, Lucky Friday in Idaho, San Sebastian...Read More
The S&P/TSX Composite Index rose 0.75% to 15,713.82 during the July 6-10 trading week. The S&P/TSX Global Mining Index rose 5.06% to 95.05, and the S&P/TSX Global Base Metals Index climbed 8.12% to 99.07. Spot gold jumped US$24.20 per oz., or 1.36%, to US$1,798.60 per oz., and the S&P/TSX Global Gold Index rose 5.55% to 358.9.Steppe Gold (TSX: STGO) rose by 35.5% to $2.71 per share. The company up...Read More
The S&P/TSX Venture Composite Index rose by 8.17% to finish the trading week at 684.71. Spot gold closed at US$1,798.60 per oz. on July 10, a rise of US$24.20 per oz. or 1.36%.Shares of Vizsla Resources (TSXV: VZLA) jumped by 148% to $2.50 per share. The company announced a $25 million bought deal financing with Canaccord Genuity, which will purchase 13.37 million units of the company at $1.87 per...Read More
The potential impact on copper supply is further aggravated by COVID-19 containment measures in place in Peru, which is restricting production there. Various mines in Chile are in collective bargaining processes to establish the next three-year agreements with workers. With many unions looking to suspend work to protect their members from COVID-19, negotiations are expected to be testy."In the las...Read More