By: Ira EpsteinCovid waves spooking markets. Gold's monthly, weekly, daily chart, pushing the upper Bollinger bands and the longer the market stays over it, the stronger the bull market is:Read More
Trend is bullish for gold and silver on fears of rapid spread of coronavirus in USA. June month is not yet over. One still needs to watch for some large sellers in gold as a part of the profit booking. Overall it still a buy on sharp dips strategy in gold and silver. This week? On Tuesday US Treasury Secretary Steven Mnuchin will speak about the stimulus and lending facilities to sup...Read More
Sir Jim Ratcliffe's firm will initially pay $400m deposit for plastics and chemicals unitsRead full newsRead More
US crude rose 44 cents, or 1.1 per cent, to $38.93 a barrel.Read full newsRead More
The mining hub has produced over 50 million ounces of gold.Read full newsRead More
The basin has created an immense collection of resource deposits.Read full newsRead More
Option Assignment Agreement with Falcon Gold Corp. to acquire a 1Read full newsRead More
Tony Barresi has resigned as a director and the President of theRead full newsRead More
Getchell Gold Corp. a leading Nevada focused Gold and Copper explRead full newsRead More
Today in the INK Market Report, we highlighted the bull market in Canadian junior mining stocks. While the North American economy may be challenged to put in a V-shaped recovery, Canada's Venture market appears to be succeeding with that letter of the alphabet. The S&P/TSX Venture Index jumped 5.6% last week and the Index is now up year-to-date. Money is clearly moving into the sector, pushing up...Read More
The Northern Miner presents the top-10, Canadian-headquartered royalty and streaming companies by market capitalization, as of late-June 2020.1. Franco-NevadaMarket capitalization: US$26.40 billionFranco-Nevada CEO David Harquail speaks at the 2019 Canadian Mining Symposium, in London, United Kingdom. Photo by Martina Lang for The Northern Miner.Franco-Nevada (TSX: FNV; NYSE: FNV) continues to hol...Read More
The S&P 500 closed 2.42% lower on Friday in the US, where the number of coronavirus cases is now more than 2.5 million according to the latest figures from Johns Hopkins University.The gold price was up around US$1,772 an ounce on the spot market at the time of writing."Gold is caught in a mostly delicate, but erstwhile crazy, dance as the safe haven crowd butts heads with Wall Street bulls in...Read More
When investors as a whole start to discount the profound risk brought forth by the socio-economic disaster that is the COVID-19 pandemic, that is when you should be thinking about taking a bit of profit off the table before Mr. Market has a chance to catch everybody by surprise with a second market crash.As we witnessed in the latter part of February, discounting highly uncertain and ominous exoge...Read More
Work at the C??te project done in 2011. (Image provided by former owner Trelawney Mining and Exploration.) Iamgold's 70%-owned C??t?(C) gold project in northern Ontario has received a key federal permitting approval, taking it one step closer to a construction decision.The approval, under the Fisheries Act, is related to impacts on fish habitats and tailings management for the site, located 20 k...Read More
Outotec HIGmill. Credit: Outotec Safety is one of the biggest challenges in the mining industry, especially during construction and equipment installation. At the same time there is pressure to speed up return on investment and minimize plant footprints. The Outotec HIGmill Plant (HMP) is a stand-alone, modular solution for fine grinding that addresses these conflicting requirements.The HMP consi...Read More
Figure: Midnight during the summer solstice, view from camp on Alces Lake, northern Saskatchewan. Image from Appia. Appia Energy (CSE: API) announced Monday that Phase I exploration activities have begun on the company's high-grade rare earth element Alces Lake property in northern Saskatchewan.Appia's 100% owned deposit, according to the company, hosts some of the highest rare earth elements (R...Read More
The Yukon territory, Canada. Image from White Gold. White Gold (TSXV: WGO) announced on Monday that it has started drilling on its Titan Project as well as initiated ground surveys on other high priority targets in Canada's Yukon territory.The 2020 exploration program is backed by partners Agnico Eagle and Kinross Gold and it has been designed to further test existing targets and recent new disco...Read More
Prikro project in the Prikro and Koun-Fao Departments in eastern Ivory Coast (Credit: Altus) Altus Strategies (TSXV: ALTS) has signed a nonbinding agreement with Stellar Africa Gold (TSXV: SPX) for the sale of its Prikro and Zenoula gold projects in C??te d'Ivoire.Altus will receive an initial payment of 2.5-million Stellar shares, with a market value of about C$87,500, and 2.5-million share purc...Read More
The company said 30 million units would be offered on a bought-deal basis, while "a large shareholder" had indicated an intention to acquire 41 million units on the same terms.It said the net proceeds would be used to fund the remaining capex at its San Albino gold project in Nicaragua, for exploration, working capital and general corporate purposes.Funds raised under the bought-deal offering woul...Read More
Clarke, who managed the large technical team that took the Woodsmith Mine into construction following several years of studies, will take up the new role on July 1.Read More