The unsecured two-year facility adds to a current $4 billion credit facility and $2.5 billion QB2 project financing facility.Teck said it would use the net proceeds of a $550 million debt offering to repurchase its notes worth $255.1 million due in 2021, 2022 and 2023 in a tender offer. The remaining net proceeds will be used to reduce amounts outstanding on the $4 billion credit facility.Teck has...Read More
Coronavirus cases are surging south of the border, with Texas, Florida, California, and Arizona suffering unprecedented spikes that could trigger a wave of reopening rollbacks.Don’t panicWhile some bears may view the latest cluster of COVID-19 infections as the beginning of what could be a broader North American resurgence, investors would be wise to not make any rash decisions over the late...Read More
Pekka Vauramo, Metso Outotec president and CEO. Metso Outotec, a new company focussed on leadership in sustainable minerals and metals processing and recycling technologies, officially began operations Wednesday. The merger was in the works for a years, and Metso and Outotec OYJ last month received an unconditional merger control clearance from the European Commission for the combination.Headqua...Read More
Nevada Gold Mines. Image from Barrick. Barrick Gold's (NYSE:GOLD) (TSX:ABX) Nevada Gold Mines (NGM), established one year ago Wednesday, posted an exceptional performance in its first 12 months of operation, CEO Mark Bristow said in a media statement Wednesday. Barrick, the world's second-largest gold miner, operates NGM - the world's largest gold mining complex - and owns 61.5% of the business, w...Read More
Argonaut Gold's El Castillo gold mine in Mexico. (Image courtesy of Argonaut Gold) Argonaut Gold (TSX: AR) and Alio Gold (TSX: ALO) have completed their previously announced business combination to create a diversified precious metals producer with output of over 235,000 gold-equivalent ounces annually.The combined entity will have a North America-focused mining portfolio that includes the El Cas...Read More
Eagle gold mine, Yukon. Image courtesy of Victoria Gold Corp. Toronto-based Victoria Gold (TSXV: GCX) has joined the ranks of Canadian gold producers by declaring commercial production at its Eagle gold mine in the Yukon territory on Wednesday.The Eagle gold mine is part of Victoria Gold's Dublin Gulch property, located approximately 375 kms north of Whitehorse. The Eagle and Olive deposits combi...Read More
Nouveau Monde has received C$1.5 million in repayable funding from the Canada federal government to help it optimize its process to manufacture spherical graphite. The company announced it had successfully commissioned a demonstration plant to produce spherical graphite from natural flake graphite in February.Nouveau Monde will use the funds to acquire, adapt and install state-of-the-art equipment...Read More
The company describes its project as in the Bullfrog mine area, where Barrick Gold had produced 2.3 million ounces between 1989-1999, and said its claims included the northern third of the Bullfrog deposit."The new holes along with existing holes in the MH [Mystery Hill] area now provide much closer hole spacings that better define all resource classifications within a potential expansion of the B...Read More
McIntosh has been Rio's group executive of growth & innovation and health, safety & and environment since 2016.He joined Rio as an exploration geophysicist in 1987 and led the exploration team from 2011 to 2016, joining the executive committee in 2016.McIntosh has been the most public member of Rio's senior leadership team, regularly giving interviews and speaking at industry events.Most r...Read More
The Toronto-based company reduced full-year opex per ounce and all-in sustaining costs to between US$410-$430/oz and $790-$810/oz, respectively, from the previous guidance of $450-$470/oz andRead More
We learned from Dr. Daniel Bullard, CEO of Arcanum Alloys that they are looking to change the way that steel is manufactured. Arcanum Alloys has developed a breakthrough technology to drive revolutionary performance and margins in numerous metal alloy markets. They are currently commercializing two products that are using Surface-Optimized Diffusion Alloy technology (SODA). One is a stainless stee...Read More
We hit another milestone in June.Today, the count of COVID-19 cases here in the U.S. has officially risen above 2.5 million.Things can always get worse, right? Keep whispering that mantra under your breath, it'll help.If you're like me and trying to find any silver linings during this crisis, all you need to do is know where to look.Fortunately for me, the answer was sitting right behind me.A few...Read More
The number of positive cases has grown to 2,328, up from about 1,000 two weeks ago.The number of cases globally has risen well above 10 million and deaths above 500,000 as the global pandemic continues.The council said yesterday of the industry's 424,275 employees, 286,624 had been screened and 19,026 tested, with 871 tests pending.It said the mining test rate was 4.48%, above the country's 2.69%...Read More
Gold touched $1,800 for the first time in eight years. Many of the largest gold mining stocks - Barrick, Newmont, FrancoNevada, Wheaton Precious - are up 60% to 90% in the past year. That means they're moving 2X to 3X higher than the "record setting" NASDAQ. And this is only the beginning. Now that gold is at $1,800, a few new factors come into play...First, from a technical perspective, if th...Read More
Nevada Gold Mines, established a year ago today as the world's largest gold mining complex, has posted an exceptional ...Read More
Toronto, Ontario, Jun 29, 2020 (Newsfile Corp via COMTEX) --Toronto, Ontario--(Newsfile Corp. - June 29, 2020) - IAMGOLD Corporation (TSX: IMG) (Read full newsRead More
The mine project at Greencastle, County Tyrone, was originally submitted by company Dalradian in 2017.Read full newsRead More
After two weekly surprise builds in a row, US crude stocks saw a major draw of over 8mm barrels - the most since 2019...Read full newsRead More
By: Ira EpsteinGold at a battle area and here are the key levels to watch:Read More
New gold investors or for a new long position in gold, one should wait till tomorrow. It is better to buy or go long if gold trades over $1800. I am repeating my trading ideology "It is better to wait and trade" THAN "trade and wait". Buy just before a technical breakout with a trailing stop loss or sell just before a technical breakdown with trailing stop losses. Never worry if you made an inve...Read More