Credit: Kazatomprom Kazakhstan- based uranium producer Kazatomprom said on Tuesday it expects its annual uranium production volume to fall by up to 4,000 tonnes in 2020. Previous expectations were between 22,750 and 22,800 tonnes.CEO Galymzhan Pirmatov said the company would fully meet its contractual requirements with customers and that subsidiaries are reducing staff on-site as local restrict...Read More
Image from Hitachi. Winters in Healy, Alaska, aren't for the fainthearted. Located just outside Denali National Park and Preserve, the daylight is short and the cold lingers into spring. Sometimes, temperatures plummet to as low as -60 ?F. Amidst these harsh temperatures, the work continues at Usibelli Coal Mine. "We work in extreme conditions," said Alex Legrismith, a Usibelli mining engineer. "...Read More
Based on its recent share price of 10.5c, the latter would account for 9.5 million shares, or 4.1% of the company, with Swick's shares trading at 21c 12 months ago and 27c in August.Regarding the dividend, the payout to shareholders will be 0.3c per share.It will be the first interim dividend paid since 2015.As at December 30, Swick had total assets of $151.7 million (including cash of $12 million...Read More
We learned from Stephen Wilkinson, President and CEO of Blue Star Gold Corp. (TSX-V: BAU; Frankfurt: 5WP), that they are focused exclusively in the Western half of the Northern territory of Nunavut, in Canada, with projects situated inside the Arctic Circle on the Inuit-owned lands. Blue Star owns the highly prospective, 8,015 ha, Hood River gold property that has a number of bonanza-grade gold oc...Read More
Stocks are ripping. They shot up 1,050 points yesterday and are hot out of the gate this morning. They are going up because the coronavirus news is better than what the media's been telling us. Turns out 100,000 people aren't going to die this week.That's great, but in terms of the stock market and the economy, the number of deaths is meaningless. The only thing that matters is perceived earnings...Read More
Share this articleThe Canadian Minister of Public Safety and Emergency Preparedness has deemed exploration and mining essential services during the current COVID-19 outbreak.The list includes:Businesses that ensure global continuity of supply of mining materials and products (e.g. metals such as copper, nickel and gold) and that support supply chains including:Mining operations, production and pro...Read More
Marathon Gold (TSX: MOZ) has released the results of a prefeasibility study on its Valentine gold project in Newfoundland, which envisions a 12-year open pit mine, producing an average of 175,000 oz. gold annually in the first nine years of operation.With an initial capital cost of $272 million and average life-of-mine, all-in sustaining costs (AISCs) of US$739 per oz., the after-tax net present v...Read More
SolGold's (TSX: SOLG; LSE: SOLG) Cascabel copper-gold asset in Ecuador received a boost on Tuesday after a long-awaited third resource update for Alpala, the project's main deposit, showed larger than anticipated resources.The new resource estimate has added 1.6 million tonnes copper, 2.5 million oz. gold and 92.2 million oz. silver (a metal not previously estimated), to Alpala's measured and in...Read More
This episode features a fireside chat with senior executives from Kinross Gold, including president and CEO Paul Rollinson, Chief Financial Officer Andrea Freeborough, Chief Technology Officer Paul Tomory, Corporate Development, External Relations & Chief Legal Officer Geoffrey Gold, and Tom Elliott, Investor Relations & Corporate Development. The event was put on by the TD Securities Management S...Read More
More than a year after the tailings disaster at Vale's (NYSE: VALE) Brazil C??rrego do Feij??o iron ore mine killed 270 people, the mining industry is still slow to adopt changes needed to prevent similar catastrophes, a new study shows.According to Amsterdam-based Responsible Mining Foundation (RMF), while investor-led action has resulted in improved transparency regarding the state of global tai...Read More
MINING.COM's ranking of the world's 50 largest mining companies based on market value shows a beleaguered industry at the end of the first quarter 2020, despite a resurgent gold price and robust precious metals M&A activity.At the end of 2019, the MINING.COM TOP 50 had a combined market value of almost US$1 trillion after adding nearly US$160 billion in market capitalization over the course of the...Read More
The talking heads are acting like this is all something new. $2 trillion handed out in free money.Economists and "journalists" are picking sides and acting like something changed with the pandemic.Some say it is great. They say debt doesn't matter anymore. Maybe it never did. The alternative is so much worse we won't even explain it.Some say it sets a new and dangerous precedent. That nothing the...Read More
By: Ira EpsteinGold's long-term chart shows the support at the 18-week average, market remains in a positive posture from the bounce, back to challenging its highs.https://www.iraepstein.comRead More
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value." Alan Greenspan, American economist, Former Chair of the Federal Reserve 1987-2006, firm Greenspan Associates LLC; b. 1926 "Gold is a currency. It is still, by all evidence, a premier currency, where no fiat currency, including the dollar, can match it...Read More
The recent range trade in gold and silver will be broken soon and a new range will be formed. Physical gold supplies are expected to rise with Swiss gold refiners opening. I am doubtful whether they will be able to meet the current demand. Gold mines supplies are less. Russia has said that it's central bank will not buying gold at the moment. Russia will sell it mined gold in the market. Russia'...Read More
"Reuters: shrinking #nickel supplies following shutdowns linked to the new coronavirus and loss-making operations because of low prices are expected to offset weak demand from stainless steel mills and leave the market with only a small surplushttps://t.co/T9f5X4Nrad"Read full newsRead More
"Last week's other top-gaining #resource stocks on the #TSXV were G2 Goldfields $GTWO, @JerichoOilCorp $JCO, Pacific Booker $BKM and Mineral Mountain $MMV. https://t.co/4xIZOmQKfd #investing #mining #gold #oil #copper"Read full newsRead More
A surge in coronavirus cases, an expansion of economic lockdowns, and an explosion in unemployment claims hit markets this week. But this deluge of...Read full newsRead More
(Kitco News) - Torex Gold Resources Inc. (TSX: TXG) late Thursday announced that operations will be temporarily suspended at the company's El Lim??...Read full newsRead More
Puma Exploration Inc. has signed an option agreement to acquire 100% interest in the Williams Brook Gold property.Read full newsRead More