In the first week of May, gold prices continue to hover near $1,705, hinting at a strong probability that the yellow metal could advance towards $1800 over the coming months. Crashing oil prices and the global coronavirus pandemic have created an opportunity for stronger Gold demand amid increased economic uncertainty and market volatility. Tuesday’s trading session saw gold prices head for...Read More
Power plant with green field, renewable energy source in Thailand. Stock image. With both the population and the workforce aging, the mining sector needs to reposition itself to secure social licenses and attract the in-demand millennial talent pool, BDO said in a recent report.According to Sherif Andrawes, BDO's Global Head of Natural Resources, stakeholders are demanding stronger engagement, tr...Read More
The Iron Cap deposit (pictured) was recently incorporated into the KSM project economics. Image from Seabridge Gold. Seabridge Gold (TSX: SEA, NYSE: SA) has filed an NI-43-101 technical report for its KSM project in northern British Columbia, confirming the potential for a "dramatic improvement" in project economics by incorporating the recently expanded, higher-grade Iron Cap deposit into mine p...Read More
Tucano gold mine. (Image courtesy of Great Panther Mining). Great Panther (TSX:GPR; NYSE-A:GPL) has announced revenue for the first quarter of 2020 of $48.1 million, an increase of 188% over Q1 2019, reflecting primarily the acquisition of Tucano mine in Brazil. The company reported production of 34,725 gold equivalent ounces, over double the 14,860 ounces it churned out in Q1 2019.Adjusted EBIT...Read More
The Golden Statue of Prometheus near the Rockefeller Center in New York. Credit: Pixabay Gold prices saw a slight decline on Friday even as it was revealed the US job market experienced its worst downturn in history. According to latest data released by the US Bureau of Labor Statistics, employers cut an unprecedented 20.5 million jobs during the month of April, sending unemployment rate to 14.7%...Read More
Ship to shore. File image. UPDATED FRIDAY, MAY 8 @ 2pm EST.Copper rallied again on Friday after a rebound in Chinese imports of the metal indicated the country's manufacturing and construction sector may be emerging faster than anticipated from the covid-19 slump.Copper trading in New York rose by more than 2% to $2.43 a pound ($5,355 a tonne) in early afternoon trade, on track to close at an eig...Read More
Last month, Moon Jae-in took South Korea's presidential election in a landslide victory. It one of the first national elections, since the beginning of the coronavirus outbreak. People were made to wear masks and gloves and use hand sanitizer before going into voting booths.Nevertheless, reports say voters turned out in record numbers to support the Democratic Jae-in, whose party made campaign pro...Read More
May 8, 2020 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce the results from its Annual General Meeting of Shareholders held on April 30, 2020 and plans for the upcoming 2020 exploration program at its Hog Heaven and British Columbia Projects.Highlights of AGM 2020The number of Directors was fixed at five (5), of which four (4) Directors were re-elected...Read More
Melkior Resources (TSXV: MKR; US-OTC: MKRIF) has released results from two drill holes at the company's wholly-owned Carscallen gold project in the Abitibi Greenstone belt, 3 km north of the Porcupine Destor Fault and 25 km southwest of the city of Timmins in north-eastern Ontario.The drill holes were part of a 1,950-metre infill drill program completed in March. The first hole, 20-05, intersected...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) has withdrawn its 2020 guidance for its 47.5%-owned Porgera mine after placing it in temporary care and maintenance on April 27. Work was halted after Papua New Guinea said it would not renew the mine's 20-year special mining lease (SML). The revised group guidance without Porgera is between 4.6 million and 5 million oz. gold, about 200,000 oz. less than its pre...Read More
INV Metals (TSX: INV) moved into Ecuador seven years ago when it acquired a 100% interest in the Quimsacocha concession from Iamgold (IMG: TSX) in an all-share deal valued at US$30 million.Since then, INV changed the name of the project to Loma Larga and has, slowly but surely, advanced the asset from exploration through to feasibility work.At the end of March, INV completed an updated feasibility...Read More
Orica, highly levered to mine production volumes through its four million tonnes a year ammonium nitrate (AN) production and explosives business, has seen its share price bounce back from last month'sRead More
This is a story about coronavirus, fiat currency, and Super Mario?It sounds silly at first but bear with me as I sort through this strange and fascinating tale where millions of dollars are at stake for what amounts to mere child's play.Video game stocks have been on a tear this year.You see, now that COVID-19 has us all locked in our houses with our children, we can bear witness to the absolute p...Read More
By: Ira EpsteinHow many small to medium sized companies go bankrupt? Restaurants in some areas will not open until late June. How will they survive?The retreat in gold is mild..Read More
It is still a range trade for gold and silver. Crude oil is rising. Copper is firm. There are buyers of physical gold ready to pay a higher premium on corrections. There are investors of gold using every small correction to invest. Gold prices are range trading. Gold bears are not holding ground. Short term silver traders are booking profit on every rise. Long term investors and physical dealers...Read More
"@MA_BC 2012 - Pierre Lebel (Imperial Metals)2016 - Terry Mulligan (President and CEO of the Mining Suppliers Association of B.C)2018 - Richard Tremblay (Taseko)"Read full newsRead More
Vancouver, BC - May 7, 2020 - Surge Exploration Inc. Read moreRead full newsRead More
Global finance chiefs welcome green recovery from Covid-19, as proposed by economists Stiglitz and Stern Climate positive policies offer superior economiRead full newsRead More
...just say no (to negative rates)Read full newsRead More
...just say no (to negative rates)Read full newsRead More