O3 Mining (TSXV: OIII) has released drill results from four zones at its East Cadillac property, 40 km east of Val d'Or, Quebec. The drilling targeted new areas of mineralization within two gold-bearing corridors at the property: the northern and southern corridors, which are splays off of the easternmost section of the regional Cadillac Larder Lake Fault (CLLF).Drill highlights include 7 metres o...Read More
S&P Global Ratings has cut its global GDP growth forecast for 2020 to 0.4%.Earlier this month, it lowered its GDP growth forecast for China to 2.9% from its previous estimate of 5.0% in February, and predicted GDP in the U.S. will fall 1.3% this year and drop 2% in the Eurozone.In the metals and mining space, S&P Market Intelligence believes the pandemic will lead to a 29% drop in exploration budg...Read More
Bank of America Securities estimates global demand for aluminium will fall by 7.2% year-on-year in 2020 while supply will likely increase by 2%.Prices for the metal already have plunged by 19% so far this year, the bank warned, and "the combination of outright production increases and falling consumption is not sustainable in our view."COVID-19 "has severely impacted global activity," BofA Securit...Read More
With gold in a new bull market, the early gains are had by producers with healthy margins whose assets become more valuable as the price of gold increases.However, the most explosive gains are often in successful explorers that are onto significant discoveries.I just laid out three great picks for my Junior Mining Monthly readers. You can find out more about them here.Another one is Chakana Copper...Read More
On a global scale, work is grinding to a halt and mines are being placed on temporary care and maintenance.Read full newsRead More
Okechukwu Nnodim, AbujaThe construction of Nigeria's only large-scale commercial gold mine has begun in Osun State and the facility will start producing gold in 2021.According to the Federal Mi...Read full newsRead More
Nightmare scenario: WHO investigating whether virus wasRead full newsRead More
On a global scale, work is grinding to a halt and mines are being placed on temporary care and maintenance.Read full newsRead More
Yanomami community. (Image courtesy of the Socioenvironmental Working Group of the Wataniba Amazon) Five NGOs that work for Indigenous rights in Venezuela issued a statement asking authorities to take immediate action against illegal miners operating in the Venezuelan and Brazilian Amazon, as they are likely to spread covid-19 in the region.Endorsed by the organizations Orpia, Oipus, Kuyunu, Omid...Read More
Zinc8 lab. (Image courtesy of Zinc8 Energy Solutions) Canadian company Zinc8 Energy Solutions is staying its course and continues to work on a demonstration project to deploy a 100 kW/1 MWh energy storage system to a site in New York state. This, despite the fact that the eastern US state has been massively affected by the covid-19 pandemic, with almost 200,000 people infected and close to 9,000...Read More
Gold ribbon. (Image by Dawn Hudson, Public domain pictures, CC0). An international group of researchers published a study in Proceedings of the National Academy of Sciences where they present evidence of the existence of Majorana fermions -particles that are theorized to also be their own antiparticle- on the surface of a gold object.According to the scientists, this is a major step toward isolat...Read More
Sabina Gold & Silver - YouTube Intro Video TSX: SBB, OTC: SGSVF Developing the 7.18Moz Back River Gold Project in Nunavut, ...Read More
"#Vancouver doesn't get it! Looking to spike the curve on #covid19?Lots of people out walking/biking on the #seawall. Little social distancing. #closetheseawall #stayathome@cbcnewsbc @DailyHiveVan @ParkBoard @CityofVancouver @GlobalBC @adriandix"Read full newsRead More
Forget gold coins. These companies are better opportunities for gold-hungry investors.Read full newsRead More
VANCOUVER, BC / ACCESSWIRE / April 8, 2020 / Scorpio Gold Corporation (Read full newsRead More
The gold price rallied again on Thursday, as investors sought a store of value after the Fed said it was pumping an additional US$2.3 trillion in the US economy to stave off depression.On the Comex market in New York, gold for delivery in June, the most active contract, jumped to its highest price since November 2012, at US$1,730 per oz., up just over US$50 per oz., or 3%, compared to Wednesday's...Read More
We talked with Scott Williamson, Managing Director of Blackstone Minerals (ASX: BSX), during PDAC 2020. Blackstone just made a new high-grade discovery (King Cobra) at their Ta Khoa Nickel project, in Northern Vietnam. They intersected 60 meters at 1.3% nickel, plus copper, cobalt, platinum, palladium, and gold, four grams per ton on a gold equivalent. King Cobra is a surface deposit, with very hi...Read More
What will the world look like in a year? Five years? Ten years? It's a question that was hard to answer before, and all but impossible to fathom now. As the world continues adjusting to the worst public health crisis in decades, it faces a looming specter of economic upheaval that could be just as drastic. That's according to the World Trade Organization. This past week it warned that global...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort279,88030,93829,821118,885394,496428,586455,255Change from Prior Reporting Period -7,6492,258-2,523-9,198-17,546-19,370-17,811Traders19259695553276154 Small Speculators (C) GoldSeek.com LongShortOpen Interest 51,46424,795480,050 3,7682,209-15,602 non reportable positionsChange...Read More
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