"NEWS: FPX Nickel re-affirms anticipated timing for completion of updated PEA on Baptiste #nickel deposit in Q3/Q4 2020https://t.co/pHKl4d5NGz"Read full newsRead More
Global Energy Metals (TSX.V:GEMC) is primed to take one of its flagship projects into the next stage of development after confirming "exceptional" metal re...Read full newsRead More
Commentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game FilmRead full newsRead More
After the close every trading day check for the free Real Vision Daily Briefing. On Friday we heard from Raoul Pal who appears skeptical about the stock market's rebound. Don't forget to visit us every day after the close for Real Vision's take on market and economic developments during the COVID-19 crisisRaoul Pal appeared Friday on Daily Briefing (free)Also, on INK Ultra Money Free, we released...Read More
ECR Minerals (LSE:ECR) has raised ?500,000 in a 100 million share equity placing at 0.5p per share to ensure it is fully funded for the rest of 2020. Chief...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
GFG Resources' core shack near Timmins, Ont. Credit: GFG Resources GFG Resources has hit 8.5 metres at 71.27 g/t gold in drilling at the Nib prospect, part of its Pen gold project, 40 km west of the Timmins gold camp in Ontario.The high-grade interval in hole PEN-20-47, which includes 1.2 metres of 511 g/t gold, was intersected at a vertical depth of about 50 metres.The hole intercepted several...Read More
The mining camp at Marathon Gold's Valentine Lake gold project. Image from Marathon gold. Marathon Gold has released the results of a pre-feasibility study on its Valentine gold project in Newfoundland, which envisions a 12-year open pit mine, producing an average of 175,000 oz. of gold annually in the first nine years of operation. With an initial capital cost of C$272 million and average life-...Read More
Baptiste zone at Decar. Image from FPX. FPX Nickel expects the updated preliminary economic assessment (PEA) for the Baptiste deposit within its wholly owned 245-sq.-km Decar nickel district in British Columbia to be completed either towards the end of the third quarter or into the fourth quarter of 2020.While the company is monitoring the potential impacts of covid-19 on project timelines, with...Read More
Last year, Geovariances, an industry expert in applied geostatistics, launched Isatis.neo Mining Edition, the geostatistics software that improves performance and enables confident resource estimation and comprehensive geostatistical studies.The company has now released version 2020.02 of Isatis.neo, which includes tools from the previous version of Isatis that users found beneficial. These in...Read More
The federal government announced temporary changes to the foreign investment review framework designed to protect Australia's national interest as it deals with the economic implications arising fromRead More
Today is Monday, April 6, 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 $1,688.95. It's up 4.36% from yesterday and up 30.91%...Read More
In this interview, Lawrence Roulston, CEO, outlines the compelling evidence for the presence of a large-scale gold deposit underlying the known occurrence.Auramex Resource Corp. (TSX.V: AUX) is focused on exploring an historic gold mine, in the Golden Triangle, in British Columbia. Years of previous work focused on the area of the old workings. For the first time, Auramex Resource is using a syste...Read More
After a two-week closure of non-essential industry in Switzerland, three of the world largest gold refiners are going back to work.Swiss refineries Valcambi, Argor-Heraeus, and PAMP Suisse were shut down by local authorities on March 20 in an effort to slow the spread of COVID-19.Combined, these three precious metal refineries process around 1,500 metric tons of gold per year - that's a third of t...Read More
The COVID-19 pandemic continues to negatively impact commodity markets, with prices for metals such as copper, zinc, lead, aluminium and many others falling rapidly since the shuttering of mines and disruption to supply chains around the world. One metal, however, is defiantly bucking the trend.The spot price for uranium oxide in the past few weeks has risen by 14% to over US$27 per lb., ending a...Read More
Growing moves by governments and organizations to set a price on carbon emissions have set up a prospective niche market in battery metals exploration and development. Lithium, cobalt, graphite and vanadium are directly applicable to energy storage, while nickel and copper are seeing growing demand as inputs for electric vehicle manufacturers. Below, we provide an overview of eight companies with...Read More
Antofagasta (LSE: ANTO) has suspended a US$1.3 billion expansion at its Los Pelambres operation in Chile for an estimated four months as the coronavirus pandemic has made it impossible to carry on with work.The company has also suspended contracts with most of the companies involved in the project aimed at boosting Los Pelambres output.Antofagasta's flagship mine accounts for nearly half of the co...Read More
Panama's Ministry of Health confirmed that one person has died at the Cobre Panam?? operation due to complications caused by COVID-19.On Sunday, the government agency posted a tweet saying that following the identification of the first case of COVID-19 at the site on March 24, and despite efforts to stabilize the patient and isolate others suspected of carrying the infection, a worker died over th...Read More
Atalaya Mining (LSE: ATYM) has restarted its Riotinto copper mine in Spain after local authorities in Andaluc?-a determined that mining operations supplying other essential industries should remain open.The Cyprus-headquartered company had closed the mine on March 30 in response to the Spanish government's royal decree, which ordered the suspension of non-essential business operations, including m...Read More
The economic fallout from COVID-19 is mounting sharply. Last week, unemployment claims in the United States hit a record 6.6 million, up from 3.3 million the previous week, and the U.S. Labor Department released its worst jobs report in 11 years. In the month of March, 701,000 people lost their jobs, sending the country's unemployment rate to 4.4%, up from 3.5% in February, which the Wall Street J...Read More