Credit: bebouchard via Flickr. Gold prices surged again on Tuesday to the highest in more than seven years as the World Health Organization cautioned that the worst of the coronavirus pandemic is yet to come.Spot gold was up 0.5% to $1,780.64 per ounce by 2 p.m. EDT, after reaching $1,785.85 an ounce earlier in the session - its highest since October 2012.US gold futures also surpassed the $1,800...Read More
The International mine in Russia. Image from Alrosa. Alrosa (MCX: ALRS) announced on Tuesday that operations have restarted at its International underground diamond mine near Minry, Russia.The world's top diamond producer by output suspended works at the mine last week, after several employees tested positive for covid-19.The mine's operations have resumed in a two-shift mode so mine staff don't...Read More
Helicopter supported exploration at James Bay region (Credit: Azimut) Azimut Exploration (TSXV: AZM) announced the expansion of the drilling program on its wholly owned Elmer property in the Eeyou Istchee James Bay region of Quebec.A total of 6,399 metres (32 holes) have been drilled since late May. The company said it has decided to expand the program to 10,000 metres, to further assess the main...Read More
Sabina's Goose camp, Back River, Nunavut. Credit: Sabina Gold & Silver Corp. Sabina Gold & Silver (TSX: SBB) announced Tuesday that the company has received final authorization for its first mine at the Back River gold project in Nunavut.Sabina recently received final operational approval for the placement of the tailings into the project's proposed tailings storage facility. The company is now i...Read More
The Zimbabwe Environmental Law Association (ZELA) yesterday reiterated its recommendations that policies must be tailored to promote intra- and inter-generational equity in the mining sector, as the country continues to push for foreign direct investment.President Emmerson Mnangagwa and mines and mining development minister Winston Chitando unveiled plans in October to grow Zimbabwe's mining indus...Read More
Albert Camus opened his book The Stranger by writing:My mother died today. Or maybe yesterday, I don't know. I received a telegram from the old people's home: "Mother deceased. Funeral tomorrow. Very sincerely yours." That doesn't mean anything. It might have been yesterday.Camus was a Frenchmen with an absurdist philosophy that's akin to existentialism. The Stranger was first published in Nazi-oc...Read More
Drilling has intersected massive sulphide mineralization at the South zone of Arizona Metals' (TSXV: AMC) Kay mine property, 69 km north of Phoenix and adjacent to Black Canyon City in central Arizona's Yavapai County.Highlights from the drill program include drill hole 20-10, which intersected 5 metres grading 2.16 grams gold per tonne, 24.9 grams silver per tonne, 2.39% copper, 0.31% lead, and 3...Read More
This week's episode features an interview with Agnico Eagle Mines vice chair and chief executive officer Sean Boyd at the Canadian Mining Symposium, held on Zoom on June 16, 2020. Northern Miner group publisher Anthony Vaccaro asked Boyd about his view on growth, the gold price, the industry's financial outlook and Agnico's company culture.All this and more with online editor Adrian Pocobelli.This...Read More
SolGold (TSX: SOLG; LSE: SOLG) is trying to buy Cornerstone Capital Resources (TSXV: CGP), which owns a minority stake in the Alpala copper-gold project, part of the Ecuador-focused miner's Cascabel asset.The $140 million (US$102 million) all-stock offer, SolGold's second attempt to take over the Ontario-based junior, would see the bidder pay $3.90 for each Cornerstone share. That is a 22% premium...Read More
Having completed its originally planned 6,000-metre, 30-hole drill program at its wholly owned Elmer gold project, Azimut Exploration (TSXV: AZM) is expanding the campaign to 10,000 metres to continue drilling the main target and test previously identified targets.A total of 6,399 metres have been completed so far at Elmer, located 285 km north of Matagami in the James Bay-Eeyou Istchee region of...Read More
Invest Yukon Thought Leadership Panel - Building a Mining Ecosystem from Exploration to ProductionHon. Ranj Pillai, Deputy Premier, Minister of Energy, Mines and Resources, Minister of Economic Development, Government of YukonW. Douglas Eaton, President, CEO and Director, Strategic Metals Ltd.Clynton R. Nauman, Chairman and CEO, Alexco Resource Corp.Dr. Paul West-Sells, President and CEO, West...Read More
SRK Thought Leadership Panel - Beginning At The End: How can we optimize the socioeconomic legacy of mine closure?Boubacar Bocoum, Lead Mining Specialist, World BankKevin P.C.J. D'Souza, Vice President of Security, Sustainability & Environment, Centerra GoldCharlene Wrigley, Group Sustainable Development Manager, Gold FieldsMODERATOR: Jeff Parshley, P.G., C.P.G, Group Chairman and Corporate Con...Read More
B2Gold Thought Leadership Panel - From Zero to One Million Ounces and Raising the Bar Along the WayClive Johnson, President, CEO and Director, B2Gold CorpMODERATOR: Anthony Vaccaro, Group Publisher, The Northern Miner GroupLinks:B2Gold 2020 Annual General & Special Meeting PresentationB2Gold 2020 Annual General & Special Meeting webcastB2Gold 2019 Responsible Mining ReportRead More
While we're getting whiplash day-to-day in the markets, smart investors are using the opportunity to play the long game.A lot of money is pouring into assets that are normally considered strong hedges against inflation.Yes, gold is one. It's now at eight-year highs today and is closing its best quarter in four years.It isn't alone though. Property and forest stocks and funds, inflation-linked lo...Read More
VANCOUVER, BC / ACCESSWIRE / June 29, 2020 / Ximen Mining Corp. (XIM.V)(1XMA.F)(XXMMF) (theRead full newsRead More
The mine project at Greencastle, County Tyrone, was originally submitted by company Dalradian in 2017.Read full newsRead More
Debentureholders voted overwhelmingly in favour of the amendments proposed by the Company.Read full newsRead More
Strengths? The best performing precious metal for the week was gold, up 1.57 percent. Gold is heading toward $1,800 an ounce driven by fear that the resurgence in virus cases will impede the global economic recovery. Gold for August delivery rose to $1,796.10 on the Comex on Monday - the highest level since 2012. The yellow metal saw a third straight weekly gain, which is its longest...Read More
We will start this update by looking at gold's price measured against various important currencies. These long-term charts quickly make clear that gold is in a major bullmarket, which is another way of saying that these currencies are losing purchasing power.Gold in Australian dollars...Gold in Canadian dollars...Gold in Japanese Yen...Gold in Swiss Francs...So we should clearly not allow oursel...Read More
The PM stocks have moved nicely over the past 2 weeks. Many gold investors wanting in on the next big move have been left on the sidelines under invested. It's my view that this has occurred because everyone and his brother has had one eye on the often published gold and silver seasonality chart. This chart is a composite of 40 years of action and shows gold weak until late July and silver...Read More