Medical supply delivery to North Bay hospital Credit: Redpath In response to the covid-19 pandemic, North Bay headquartered Redpath Canada has donated 19,000 pairs of disposable medical gloves to the North Bay Regional Health Centre (NBRHC), a covid-19 assessment centre.The virus response, together with ongoing medical needs, places additional strain on personnel, inventory and supply chain...Read More
Rockcliff Metals team outside of the Bucko mill (Credit: Rockcliff) Rockcliff Metals has released an updated resource for its wholly owned Rail deposit in Manitoba, with both the total resource tonnes and contained copper-equivalent metal at the 20-sq.-km property more than doubling.Indicated resources have increased to 1.17 million tonnes at 3.52% copper-equivalent for a total of 90.7 million l...Read More
La Ronge in northern Saskatchewan. Photo by Town of La Ronge. Exploration drilling at Murchison Minerals' Brabant Lake property, 175 km northeast of La Ronge in Canada's Saskatchewan province, intersected high-grade copper and zinc mineralization 10 km to the southwest of the company's Brabant-Mckenzie deposit.A drill hole completed at the Main Lake target, situated within the same formation as...Read More
Escondida mine, Chile. (Image courtesy of Municipalidad Antofagasta | Flickr ) Global copper production in 2020 is impacted by the covid-19 outbreak, with data analytics firm GlobalData now forecasting output growth of 1.9% this year compared to the original forecast growth rate of 3.4%. The initial forecast was based on an anticipated increase in production from Chile, China and Peru, but falli...Read More
Argonaut Gold's El Castillo gold mine in Mexico. (Image courtesy of Argonaut Gold).Argonaut Gold (TSX: AR) announced Wednesday it is halting mining activities in Mexico to comply with the government-mandated suspension all non-essential businesses until April 30.Mexico's mining sector, one of the country's major industries, will be able to continue operations only deemed to be essential during t...Read More
Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click hereCAML's operations in Kazakhstan and North Macedonia remain unaffected by the pandemic, despite confirmed cases in both countries increasing from about 20 to 350 over the...Read More
Share this articleVANCOUVER - Teck Resources Ltd. says it has temporarily slowed operations and reduced its crews by up to 50 per cent at its steelmaking coal and Highland Valley Copper operations in response to the COVID-19 pandemic.The company, which also suspended its 2020 financial guidance, says the steps taken on March 25 will be in place for an initial period of two weeks and then be re-ev...Read More
U.S. Gold Corp. (NASDAQ: USAU) has a portfolio of exploration properties in the USA including Copper King, a PEA stage gold/copper property located in Southeast Wyoming, and Keystone and Maggie Creek -district scale exploration properties on the Cortez and Carlin Trends in Nevada. We learned from Ed Karr, who's President and CEO of U.S. Gold Corp., that the Company recently internally updated the...Read More
West Red Lake Gold Mines Inc. (CSE: RLG, OTCQB: RLGMF, FSE: HYK) has assembled a significant property position, totaling 3,100 hectares in the Red Lake Gold District, which is host to some of the richest gold deposits in the world and has produced 30 million ounces of gold from high grade zones. There are three former gold mines on the property: the Mount Jamie Mine and Red Summit Mine properties...Read More
I hope you've all been well through this chaotic turn of events.Here in Maryland, our stay-at-home order officially took effect last night at 8 p.m. All non-essential businesses were closed on Tuesday as my state confirmed its 1,660th positive case of COVID-19.Throughout March, we've talked about one little corner of the oil markets that would flourish during this period of ultra-low crude prices...Read More
Over the last month, Orla Mining (TSX: OLA) has completed two deals that help pave the way for developing its Camino Rojo gold project in Mexico's Zacatecas state, 50 km southeast of Newmont's (NYSE: NEM) Penasquito mine.On March 26, the company unveiled a $75 million bought deal financing (36.6 million common shares at $2.05 per share). Newmont and Agnico Eagle Mines (TSX: AEM; NYSE: AEM) said th...Read More
Rockcliff Metals (CSE: RCLF) has released an updated resource for its wholly owned Rail deposit in central Manitoba, doubling both the total resource tonnes and contained copper-equivalent metal at the 20-sq.-km property.The deposit's indicated resources have increased to 1.17 million tonnes grading 3.52% copper-equivalent for a total of 90.7 million lb. contained copper-equivalent metal, compared...Read More
Following the declaration of emergency on March 17 under the Emergency Management and Civil Protection Act in Ontario due to the COVID-19 pandemic, the ability of holders of unpatented mining claims to perform assessment work required under the Mining Act in Ontario will be difficult or impossible until the government ordered social distancing measures have been lifted.Although the Ministry of Ene...Read More
Everything will be fine. We'll all be back at work and filling up stadiums and paying for $10 beers to distract us soon. The Fed and the government got this! Whether it's unlimited bond purchases, buying ETFs, or heck, even taking direct ownership in companies, I have total confidence in the Federal Reserve to fix this crisis immediately and get us back to full employment. What's a few more tr...Read More
Scott Melbye is among the most trusted voices in the uranium sector, with over 35 years working with nuclear energy across a ...Read More
1933 Industries announces its second quarter 2020 financial results for the period ended January 31, 2020.Read full newsRead More
Jordan Roy-Byrne CMT, MFTAThe historic action of the precious metals sector over the past few weeks has continued.The strong recovery in GDX, GDXJ, and Silver has potentially invalidated the technical breakdown that occurred during the crash. It appears to be a failed breakdown.Furthermore, Gold was looking vulnerable on the weekly, and monthly chart yet was able to slingshot back to $1700/oz. I...Read More
Gary Savage Perma-bears are going to wrong. This is why:Read More
Ira EpsteinGold still has a bullish pattern in the short-term. Support around $1595..Read More
Range bound trade in gold and silver will be broken by tomorrow and a new range will be formed. A new month and a new quarter high on economic optimism but low on confidence. Uncertainty on global economy and inability to prevent coronavirus spread has resulted in gold remaining firm and crude oil and industrial metals trading with a softer bias. Spot gold should have broken past $1700. By the s...Read More