The stock market rebound since the March crash already wiped out many of the great 2020 deals. Despite the strong recovery, some stocks still remain cheap and could deliver massive gains for contrarian investors as the global economy recovers in 2021.Commodities playTech and biotech stocks are at new all-time highs. Commodity stocks, however, continue trade at discounted prices due to weak market...Read More
Secondary break trial at Cadia using MacLean's Auto Explosive Loader enabled with Orica's WebGen wireless technology Credit: Newcrest Newcrest Mining's Cadia Valley underground mine in New South Wales, Australia, has successfully tested new technology from MacLean Engineering and Orica in a 30-day trial. The site used remote drilling, loading and wireless blasting to remove the workers from...Read More
Pebble project in Alaska. Image courtesy of Northen Dynasty Minerals Ltd. Northern Dynasty Minerals (TSX: NDM) has taken further steps in the Pebble project planning by announcing a low-cost energy sharing program in the Bristol Bay region of Alaska.On Thursday, the company's US-based subsidiary Pebble Partnership sent a request for proposal (RFP) process to advance planning for its plans to shar...Read More
Stornoway's Renard diamond mine, in north-central Quebec. (Image courtesy of Stornoway Diamond.) Stornoway Diamond announced Thursday that Patrick Godin and Annie Torkia Lagac?(C) will be stepping down from their respective positions as president and CEO and EVP, finance and corporate services, effective Friday June 26.Godin will be succeeded by Patrick S?(C)vigny, who joined Stornoway in 2015 a...Read More
MINING.COM MINUTE is a roundup of the biggest stories from the global mining and metals industry. Share and get up to speed in a mining minute.This week's top stories:Barrick to begin layoffs in Papua New Guinea as lease dispute deepens - Read the story here.Chinese steel giant eyes Simandou - Read the story here. Three dead after attack on coltan mine in Congo - Read the story here. Tanzanian mi...Read More
Donlin Gold camp site, Alaska. Image: Novagold Novagold (TSX: NG) and its joint venture partner Barrick Gold (NYSE: GOLD, TSX: ABX) have reopened the Donlin camp in Alaska following a two-month due to the covid-19 pandemic.Four drill rigs have been remobilized at the project, Novagold says. The company anticipates that most of the planned program, aimed at confirming recent geologic modeling conc...Read More
The funds are being raised via a placement and share purchase plan at A72c per share, a 12.2% discount to the last closing price.Read More
I've probably watched more television over the past three months than I typically watch in a year.Before the pandemic, I spent most of my downtime at the gym, coffee shops, and bars that show the fights. But now, my gym is my garage, my coffee shop is my kitchen, and watching the fights by yourself is a bit depressing. And while I am reading a lot more now, I'm also watching a lot more televisi...Read More
Tanzanian Gold (TSX: TNX; NYSE: TRX) has produced commercial-grade gold for the first time from the oxide processing plant at its Buckreef gold project, south of Lake Victoria and 110 km southwest of the city of Mwanza in north-central Tanzania."The ore comes in two forms - the primary ore that is at depth and then becomes oxidized as you get close to the surface," Ulrich Rath, the company's direc...Read More
Harmony Gold (NYSE: HMY) said on Thursday it had raised $200 million from a planned shares placement to partly fund its acquisition of rival AngloGold Ashanti's (NYSE: AU) assets in South Africa.The Randfontein-based gold producer issued more than 60 million new ordinary shares at a price of 57.50 rand apiece on June 24. Harmony said it represented roughly 11% of its issued ordinary share capita...Read More
Riverside Resources (TSXV: RRI; US-OTC: RVSDF) has optioned its Los Cuarentas project, in Sonora, Mexico, to Hochschild Mining (LSE: HOC) in a deal that will see the major spend US$8 million over five years to earn an initial 51% interest.The prospect generator has defined several targets at the gold-silver project, which is located 17 km northwest of SilverCrest Metals' (TSX: SIL; NYSE-AM: SILV)...Read More
The demand for raw materials used to manufacture rechargeable batteries for electric vehicles (EVs) will grow rapidly as the importance of oil as a source of energy recedes, according to a new report from the United Nations Conference on Trade and Development (UNCTAD).According to UNCTAD, ongoing efforts to lower greenhouse gas emissions are expected to spur further investment in green energy prod...Read More
Alrosa, the world's top diamond producer by output, has idled its International underground mine for up to two weeks, after several employees tested positive for Covid-19.The Russian miner said it would only carry out work to ensure the safety and maintenance of the site. It noted that workers and contractors will receive compensation in accordance with labour laws."The company has developed sever...Read More
The Minerals Council South Africa figures indicate more than 34,000 jobs have been lost in the industry, which employed about 455,000 people in 2019.The mining lobby group had reported the industry's first death from the global pandemic on May 15.At the time, there were 23 positive COVID-19 cases among the country's mining employees.That figure broke through the 1,000 mark last week, with the seco...Read More
Perseus Mining Limited (ASX/TSX: PRU) is an Australian company, that operates two gold mines in West Africa, with first gold, from its third mine, Yaour?(C), expected in December 2020, increasing gold production to more than 500,000 ounces per year in 2021/2022. We learned from Jeff Quartermaine, Managing Director and CEO of Perseus Mining, that they are generating quite a lot of cash in the curre...Read More
I love a good, old-fashioned feud.Hatfields vs. McCoys, Hamilton vs. Burr, Al Capone vs. Bugs Moran, Donald Trump vs. well, everyone.Now we have a new one: Elon Musk versus ... Trevor Milton?Of course you know Elon Musk - the mad genius behind Tesla Motors and SpaceX - but you probably haven't heard of Trevor Milton. He's the founder of Nikola Corp. (NASDAQ: NKLA), which produces heavy-duty semi-t...Read More
Potential acquisition targets bring opportunities for producers.Read full newsRead More
Stewart Thomson, Graceland Updates 1. With a new tail wind of significant ETF tonnage growth, gold bullion continues to sport the best charts of all the major asset classes.2. Please click here now. Double-click to enlarge. The $1800 area is significant resistance and gold arrived at this resistance zone as its weak price season began. 3. Rather than selling of...Read More
By: Ira EpsteinGold in an up thrust. Gold at a new high close, highest level since 2012:Read More