Gold is attempting to make a comeback as it emerged above $1,700 at the beginning of the week. With the market mood worsening the S&P 500 corrected lower after previously erasing its gains for 2020. All data points to the precious metal continuing to attract buyers. Although the global pandemic and growing concerns regarding a new trade way between US and China may have thrown major stock mar...Read More
The TSX stock market rallied from the low in March. What comes next?Specifically, the Canadian stock market marched 33% higher since the low, seemingly driven by the COVID-19 impact that was not as bad as we thought.Arguably, we will see the real repercussions of COVID-19 in the coming months.The market is also optimistic about businesses progressively reopening and effective COVID-19 vaccines tha...Read More
Eclipse Gold's Hercules gold project in Nevada. Image from Eclipse Gold. The first phase of drilling at Eclipse Gold's (CVE: EGLD) Hercules gold project in Nevada within the Walker Lane trend, 40 km southeast of Reno, has returned long intercepts of shallow gold in oxides.The drill highlights include 74.7 metres of 0.54 g/t gold and 4.78 g/t silver (0.6 g/t gold-equivalent) starting at surface...Read More
A historic headframe at Maple Gold Mines' Douay gold property in northern Quebec. Credit: Maple Gold Mines. Maple Gold has released the results of hole DO-20-281 completed within the conceptual pit shell at the Porphyry zone at the company's 355-sq.-km Douay project in Quebec. This drill hole returned 164 metres of 0.86 g/t gold starting at 107 metres and includes a number of higher-grade gold z...Read More
Image by Eastmain Resources. Eastmain Resources has optioned its Lac Lessard platinum group metals project in Quebec to a private company.Under the option agreement, Eastmain has received an initial option payment of C$85,000. In order to earn a 100% interest in the project, the vendor needs to spend at least C$100,000 on exploration and make a C$100,000 payment within 12 months of the agreement...Read More
Wenco fleet management system Credit: Wenco. Wenco International Mining Systems and Oxbotica have signed a memorandum of understanding (MOU) to develop the world's first Open Autonomy solution for mining. This industry-leading system is expected to provide flexible and efficient autonomous deployments for mining.The partnership avoids vendor lock-ins and offers customers the freedom to choose...Read More
Billionaire fortunes have been whipsawed in recent months by global trade tensions and economic uncertainty caused by the coronavirus pandemic. For one group, however - tycoons with major holdings in mining, particularly gold assets - it's been a prosperous time.Looking at the 100 richest people on the 2020 edition of Forbes' World's Billionaires List, OLBG.com compared the journey of each of the...Read More
In this video, Mining Journal talks with Grosskopf about its New York dual listing, junior mining investing, the all-important strategy and the firm's precious metals product range. Highlights include:Sprott Inc"We see ourselves as almost a royalty company-like profit earner in the sector. We pay a strong dividend and we have good margins. … The adoption curve of having gold become a mainst...Read More
Tribeca was one of a syndicate of lenders supporting the Kentucky-focused coal miner, which filed for bankruptcy protection in February to facilitate the sale of the operating Poplar Grove mine, partRead More
Fraunhofer Institute confirms 99.99% (4N) high purity alumina (Al2O3), is critical for Lithium battery safety and performance. Test work shows there is sodium contamination from low grade alumina and boehmite in lithium-ion battery applications. There is up to an 80-fold increase of sodium levels, in contrast, there is minimum sodium leaching for 4N alumina (99.99%). Sodium contamination causes se...Read More
The use of medical marijuana is legal today in 33 states across the nation. Yet despite already being legal in most states, the medical cannabis industry still has way more room to grow than most people are considering.That's because in many states with legal marijuana, overly tedious rules and regulations are drastically throttling the industry. It's being held back.For investors, this means even...Read More
Maple Gold Mines (TSXV: MGM; US-OTC: MGMLF) has released the results of hole 20-281 completed within the conceptual pit shell at the Porphyry zone at the company's 355-sq.-km Douay project in Quebec.The drill hole returned 164 metres of 0.86 gram gold per tonne starting at 107 metres and includes a number of higher-grade gold zones, including 75 metres of 1.23 grams gold per tonne as well as 5 met...Read More
While gold miners have been stealing the pandemic limelight as that precious metal's price has soared, copper miners have struggled with the collapse of their main markets, like China, and the closure of major production mines in places like Chile and Peru. By March 22, the base metal was trading at US$2.07 per lb., a full 80 ? off its peak in mid-January, and the lowest valuation since February 2...Read More
The first phase of drilling at Eclipse Gold Mining's (TSXV: EGLD; US-OTC: EGLPF) Hercules gold project within the Walker Lane trend, 40 km southeast of Reno in Nevada, has returned long intercepts of shallow gold in oxides.The drill highlights include 75 metres of 0.54 gram gold per tonne and 4.78 grams silver per tonne (0.6 gram per tonne gold-equivalent) starting at surface from the Cliffs targe...Read More
In spite of a legal dispute between partners Star Diamond (TSX: DIAM) and Rio Tinto (NYSE: RIO; LSE: RIO) at the Star-Orion South diamond project in north-central Saskatchewan, the project should begin to see results this year from the first significant work conducted there in years.In April, Rio Tinto began processing a bulk sample totalling 8,271 wet tonnes that was extracted from the Star kimbe...Read More
Brazilian mining giant Vale (NYSE: VALE) has issued a level one emergency alert for three inactive tailings dams in the country's southeastern state of Minas Gerais.The miner, the world's largest iron ore producer, said the populations downstream of dams 6 and 7A at the Aguas Claras mine, at Nova Lima and the Area IX dam at the F??brica mine in Ouro Preto, did not need to be evacuated."The decisio...Read More
With a new strategy focused on diamonds that officially launched in March, just as the coronavirus pandemic began to spread across the globe, you might think that EHR Resources (ASX: EHX) had some regrets about its timing.But you would be wrong.EHR managing director Peter Ravenscroft says the idea behind the company's new strategy - to create a "diamond project incubator" with a portfolio of selec...Read More
After being closed for almost two months due to the coronavirus pandemic, the diamond manufacturing hub of Surat, India, where most of the world's rough diamonds are cut and polished, reopened in a formal, but limited, capacity on May 20.However, a ramp-up in business to pre-pandemic levels could take months as many industry workers left the city to return home to rural villages in March, April an...Read More
Providence Gold Mines Inc. (TSXV: PHD) The Property is located in the Summerville Mining District, Tuolumne County, California, upon the eastern belt of the "Mother Lode" District, consisting of 65 acres of fee simple land and 22 additional mining claims on US federal lands in the famous Motherlode mining districts. We learned from Ron Coombes, President & CEO of Providence Gold Mines, that the pr...Read More
You know the video promotions we send out? The ones that sell our premium research letters? Of course you do. They always cite the biggest gains possible for whatever sector is being discussed. All publishers do it. But some do it differently than others.Take technology promos, for example. They tell you it'll be like getting into Microsoft when Bill Gates still ran it out of his garage. Or i...Read More