Australia-based miner MMG Ltd has declared force majeure on copper concentrate supplies from its Las Bambas mine in Peru, four sources told Reuters on Thursday.Read full newsRead More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") announces a significant increase in revenue-generating work orders for retail connections from its channel partners. As a result, the Company has a clear path to improved profitability, as work orders convert to revenue-generating integrations with retailers Amazon.com, Inc. (NASDAQ: AMZN), Mercado Libre (NASD...Read More
Real Vision's Daily Briefing is now available on INK Ultra Money Free. Daily episodes are released between the New York close and Asia market open Monday to Friday (except holidays). You will hear from a wide range of Real Vision journalists who provide updates on both the coronavirus situation globally and the current state of markets. The format provides a valuable, down-to-earth assessment of...Read More
Amid the current coronavirus crisis, could these 3 ASX gold shares be a good long-term buy? The post Can ASX 200 gold shares boost your returns amid the coronavirus crisis? appeared first on Motley Fool Australia.Read full newsRead More
US president Donald Trump has indicated the country would be opened up again "sooner rather than later"."Our economy will BOOM, perhaps like never before!!!" he tweeted earlier.The S&P 500 closed up 3.4%, London's FTSE 100 lost 0.47% and Japan's Nikkei 225 gained 2.13% after the government approved a stimulus package this week worth almost US$1 trillion.There are now more than 1.35 million con...Read More
Coal-fired power plant in China. (Image source: Adobe Stock) Global coal production is expected to grow only marginally in 2020, from 8.13 billion tonnes in 2019 to 8.17 billion tonnes in 2020, a growth of only 0.5% after three consecutive yearly increases, due to the disruptions caused by the coronavirus pandemic, says GlobalData.According to the analytics company, disruption has been most signi...Read More
2017 Dixie Lake drilling in Ontario's Red Lake District - Image courtesy of Great Bear Resources. Great Bear Resources has released a new batch of drill results from the ongoing C$21-million drill program at its Dixie project in northern Ontario. The assays continue to return good gold grades and show good continuity of mineralization at the LP Fault target on drill spacing of 25 to 100 metre ce...Read More
Truck maintenance at Detour Lake. Image from Kirkland Lake Gold. In the first quarter of this year, Kirkland Lake Gold produced 330,864 oz. of gold, an 18% increase from 279,742 oz. generated in the prior quarter, largely driven by a contribution from the Detour open pit in Ontario, following closing of company's acquisition of Detour Gold at the end of January.The Detour mine contributed 91,...Read More
Wartsila 32TS generating sets Credit: Wartsila Technology group Wartsila will provide the engineering, equipment, and technical advice for a 44 MW power plant at the Mansourah & Massarah gold project in Saudi Arabia. It will be the first power project in the country a hybrid concept, with engine technology and solar energy. It will be the first power project in the country utilizing a hybrid co...Read More
Wallbridge Mining's Broken Hammer copper-nickel-PGM mine near Sudbury, Ontario. Credit: Wallbridge Mining Wallbridge Mining Company (TSX: WM) has announced that in response to the latest covid-19 plans from the provincial governments, exploration activities at the Fenelon gold project in Qu?(C)bec as well as operations in Ontario will remain suspended until at least May 4. Originally, these opera...Read More
Chairman Greg Martin, who assured shareholders attending the Iluka's virtual annual general meeting that he had shaved and gotten out of his pyjamas, said the company's initial plan was to provide an update on the timing of the demerger.However, Martin said the travel restrictions and social distancing measures due to coronavirus meant the timing was still unclear."You will appreciate that the pra...Read More
Share this articleTORONTO - Canadian mining firm Alamos Gold Inc. reports that a group of armed robbers intercepted gold dore bars on the runway at its Mulatos mine site in Mexico, then staged a dramatic escape in a separate light aircraft.In a statement in Spanish, Alamos's Mexican subsidiary Minas de Oro Nacional says five heavily armed people subdued security guards who were loading the bars f...Read More
Share this articleTHUNDER BAY, Ont. - Premier Gold Mines Ltd. says an offer made in March to buy Centerra Gold Inc.'s 50-per-cent stake in the Greenstone Gold Mines Partnership for US$205 million has not been accepted.Greenstone's principal asset is the proposed Hardrock Mine project near Geraldton, Ont.Premier, which holds the other 50 per cent stake in the project, had said an unnamed third pa...Read More
Although I'm not on complete lockdown, I've come to realize the importance of human connection over the past few weeks.And this is coming from someone who doesn't really have that much face-to-face interaction with people to begin with.Before the pandemic hit, I would typically see my coaches and friends at the gym for an hour or so, usually five days a week.At least one day a week, I'd visit our...Read More
We recently talked with Trent Mell, President and CEO of First Cobalt (TSX.V: FCC, OTCQX: FTSSF). First Cobalt is positioned to have its Refinery producing Cobalt as early as Q4 2020.First Cobalt has partnered with Glencore and they have been working on a feasibility study that will be released in a few weeks. The Company has the only permitted cobalt refinery in North America capable of producing...Read More
Global gold-backed exchange-traded funds (ETFs) had US$23 billion, or 298 tonnes, of net inflows, in the first quarter of 2020 - the highest quarterly amount ever and the largest tonnage additions since 2016, the World Gold Council (WGC) said in its latest report.During the past year, gold ETFs added 659 tonnes, the highest on a rolling annual basis since the financial crisis, with assets under ma...Read More
The mining industry is fraught with capital cost overruns - a quick internet search will turn up many examples. The results quickly highlight that as many as two-thirds of mining projects see cost overruns. Moreover, the researcher can see that it is a decades-long problem. That is, the industry doesn't seem to be getting better at their cost estimates over time. In other words, we aren't learning...Read More
Last weekend I decided to do some extreme "social-distancing".I loaded my tent, some canned food, and my shotgun and started driving south. My destination? Thirty acres of forested land that my friends and I bought years ago for just such an occasion.At the time our families thought we were a bit crazy. "What in the hell are you going to do with an empty property in the middle of nowhere?" they la...Read More
"@TheSolariReport The opposite has happened. The fed has taken over.Right now the CB's are performing a leveraged buyout of USA ---- and once the next leg down begins in stocks --- they will do the Japanese thing and buy stocks directly. https://t.co/wqydnwloWx"Read full newsRead More
By: Ira EpsteinGold daily chart shows maybe needs more work in the $1,600's. As it builds into an uptrend. The bollinger bands are widening up on the daily..Read More