Share this articleBarrick Gold Corp. says it will pursue all legal avenues to prevent what it's calling the "nationalization without due process" of its Porgera gold mine in Papua New Guinea.Barrick, the operator, and Zijin Mining Group of China each own 47.5 per cent of the open pit and underground gold mine.In a news release, Barrick says it applied for an extension of its special mining lease...Read More
Today is Thursday, April 23, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,735.65. It's up 0.18% from yesterday and up 36....Read More
Ubique Minerals (CSE: UBQ, OTCMKTS: GRNBF) is a zinc exploration company, focused on further exploring and developing their Daniel's Harbour zinc properties, strategically situated in Newfoundland, Canada. We learned from Dr. Gerald Harper, Director and CEO of Ubique Minerals, that Daniel's Harbor is a past-producing, very high-grade zinc mine that produced eight million tons of premium zinc conce...Read More
Today is Thursday, April 23, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Baker Hughes (NYSE: BKR), QEP Resources (NYSE: QEP), and Green Plains Partners LP (NASDAQ: GPP).Baker Hughes (NYSE: BKR)Baker Hughes (NYSE: BKR) is a $13.98 billion company today with a one-year return of -51.17%. Let's look at its price-to-earnings (P/E) ratio, its enterprise-...Read More
Gold bulls rejoice!Bank of America just increased its 18-month price target for gold to $3,000 an ounce in a report this week titled, "The Fed Can't Print Gold."Analysts at BOA were already calling for higher gold prices, forecasting a record $2,000 per ounce. But due to an extreme amount of stimulus from central banks around the world stemming from the COVID-19 response, BOA now predicts the gold...Read More
After signing a deal with Barrick Gold (TSX: ABX; NYSE: GOLD) to earn a 70% stake in its Pueblo Grande project in the Dominican Republic earlier this month, Precipitate Gold (TSXV: PRG) plans to focus on the Copey Hill target at its Ponton project, 20 km away.The Copey Hill target, which has never been drilled, is hosted by the Los Ranchos Formation, the same prospective rocks that host Barrick's...Read More
Papua New Guinea (PNG) is set to take control of Barrick Gold's (TSX: ABX; NYSE: GOLD) Porgera mine after refusing to extend the company's lease on environmental and social grounds, Prime Minister James Marape said today."In the best interests of the state, especially in lieu of the environmental damages, claims and resettlements issues, the Special Mining Lease will not be renewed," Marape said.T...Read More
Haywood Securities has cut its base metal price forecasts for 2020 due to the COVID-19 pandemic.The investment dealer expects copper will cost US$2.45 per lb. (from its previous estimate of US$2.90 per lb.) and forecasts a copper surplus this year of up to 1 million tonnes "in what had been expected to be a balanced market.""While production disruptions in key producer countries will remove signif...Read More
Silver prices have dropped sharply year-to-date and are currently down 13.2% year-on-year at US$15.29 per oz., but the Bank of America (BofA) says its supply and demand model suggests that prices below US$15 per oz. "are hard to justify even now," and predicts that prices could reach US$20 per oz. in the next 12 months.By looking at the trajectory for the Euro against the U.S. Dollar and real exch...Read More
I spent the better part of yesterday afternoon flying a kite..."It's a breeze," I told my daughter, my dad jokes reaching ever new lows during the quarantine. "As soon as the wind picks up, you start running towards it."After I handed her the kite, I stepped back to watch with fatherly pride. What a wonderfully honest and pure way to escape the mounting dread of life during coronavirus. Fresh air,...Read More
The Fed Can't Print Gold - Big Biz Show Bruce McLeod, CEO, Sabina Gold & Silver Interview TSX: SBB, OTC: SGSVF Developing ...Read More
At a time when dividend increases are few and far between, Newmont delivered a doozy: a 79% increase to its quarterly payout.Read full newsRead More
The bulls are out in force with more gold industry observers coming around to the belief that the precious metal ... Read More The post Bulls are expecting gold prices to charge appeared first on Stockhead.Read full newsRead More
Kerr Mines Inc. (TSX:KER) announces its plans for the first phase of its 2020 resource and reserve expansion program at the Copperstone MineRead full newsRead More
""The #Evelynproperty claim size is significant enough to hold a world class goldmine" ??"^??"??>??,?$CBI #CBI #Gold #Goldmine #Drilling #SonoraGoldBelt #Mexico #MomentumStockshttps://t.co/SJXRJ6gq65"Read full newsRead More
Utility and other stakeholders file agreement on the details of a new program that would give millions of Californians the option of getting part of their natural gas from renewable sourcesLOS ANGELES –April 17, 2020--Southern California Gas Co. (SoCalGas) today announced it and other important stakeholders have agreed on details of a proposed plan to offer renewable natural gas to cust...Read More
"INTERVIEW - How many #gold mines has #COVID19 taken offline? And what could the impact on global gold production and exploration be in 2020? Three experts share their thoughts. https://t.co/eM4UskJK1Y @Metals @MetalsFocus @CRUGROUP #investing #coronavirus"Read full newsRead More
Find the right cannabis to match your vibe! Read up on how cannabis can complement your lifestyle and keep up to date with the fast-paced Cannabis World!Read full newsRead More
"#Whatnow??oe... Review assays for Phase1 drill holes once received?oe... Petrology and metallurgy, expect good overall metallurgical response?oe... Investigate controls on high-grade Au mineralization including alteration and structure#SanMarcoResources $SMN #BuckProperty #MomentumStocks"Read full newsRead More
There is just one problem: there are simply not enough bonds available in the open market for the central bank to buy.Read full newsRead More