The company said it was evaluating how to ensure supply of concentrate to its zinc smelters following the loss of volumes from Tara, Europe's largest zinc mine.Canadian bank BMO forecast Tara would produce about 135,000 tonnes of zinc in concentrate in 2020, representing 45% of Boliden's total zinc production this year.BMO said the 14-day shutdown would have "relatively limited impact on overall p...Read More
Namibia's mining sector is centred around uranium, with the Rossing and Husab mines accounting for more than 10% of global supply.China-backed Rossing Uranium, previously controlled by Rio Tinto, said it would stop normal operations on Saturday "and enter a period of minimal mining operations", with critical maintenance work to continue.Other assets of significance include B2Gold's Otjikoto mine,...Read More
Gold is a very special metal.It has properties that make it useful as a natural money.It's exceptionally malleable and one of the only natural-colored metals, making it ideal for jewelry and decoration.It has great electrical conductivity, it's biocompatible with humans, it has catalytic properties, and it's completely resistant to natural corrosion - gold will never naturally oxidize or deteriora...Read More
Argonaut Gold (TSX: AR) and Alio Gold (TSX: ALO; NYSE-A: ALO) announced a friendly all-share at-market merger that will create a larger company with a production base of over 235,000 gold-equivalent oz. this year.Under a definitive agreement approved by the boards of both companies, each Alio common share will be exchanged for 0.67 of an Argonaut common share, giving Argonaut and Alio shareholders...Read More
TMAC Resources (TSX: TMR) has released key results from a prefeasibility study completed for its wholly owned Hope Bay gold project in Nunavut.This latest study envisions a new 4,000 tonne per day plant to replace the current 2,000 tonne per day facility by 2024. With total capital costs for the expansion estimated at $683 million, including $184 million for a new conventional processing plant, th...Read More
Premier Gold Mines (TSX: PG; US-OTC: PIRGF) is offering to purchase the remaining 50% interest it doesn't already own in the Greenstone Gold Mines Partnership (GGM) from Centerra Gold (TSX: CG) for US$205 million.GGM's principal asset is the Hardrock gold project (formerly known as the Trans-Canada property), in northwestern Ontario, 275 km northeast of Thunder Bay.The acquiring party, at the opti...Read More
Seabridge Gold (TSX: SEA; NYSE: SA) is acquiring the 3 Aces gold project in southeastern Yukon from Golden Predator Mining (TSXV: GPY) for 300,000 Seabridge shares and an immediate cash payment of $263,000 as reimbursement for project expenses.Golden Predator will receive further payments of $1 million on the confirmation of a 2.5 million oz. gold resource at 3 Aces, with another $1.25 million pay...Read More
Bank of America forecasts global nickel demand could drop by 2.8% year-on-year in 2020, which could result in a nickel surplus of nearly 150,000 tonnes."Nickel demand has had a comparatively weak start to the year, suggesting fundamentals were already handicapped before the current health emergency," the BofA commented in a research note. "This was heavily influenced by subdued stainless steel pro...Read More
In collaboration with Brazil hospitals Hospital Israelita Albert Einstein and Rede Mater Dei de Saúde, the company is offering direct investment of US$1 million or in-kind support via partners to speed implementation of a winning idea."The whole world is fighting against COVID-19, and Vale - as a global company - wants to be a catalyst and connector of solutions to reduce the impacts of thi...Read More
Back on July 8, 2019, I wrote:"The global monetary system needs to be reformed, I believe there will be a Bretton Woods-style meeting in the next couple of years, one that will be forced upon us by mathematics."Neither the current global debt nor the negative interest rate orgy that's going on is sustainable, but power never relinquishes power on its own, it is always forced to."Whether it's Japan...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, after a two-week 40% panic washout, the INK Canadian Insider Index bounced back 39.72 points or 5.7% to close at 732.63.MACD shot up over 46 points to close in the black at 6.46. RSI rose 14.22 points or 72% to 34. Our note that the positive divergence in RSI which began to slo...Read More
"#HotChili is one of the top ASX listed copper developers with an advanced Chilean coastal range portfolio and a resource base of 1.5Mt copper and 1Moz gold already established at its Productora project.Want to know more? Join us & #HotChili at #MJSSydneyhttps://t.co/9KSR6e1UiX"Read full newsRead More
By: Ira EpsteinGold hits $1,700 again, strong support around $1,550. Resistance around upper $1,600's.. Read More
"Armadale Capital primed for emerging producer status after confirming Mahenge Liandu's world-class potential Tanzanian project can consistently produce HQ graphite suitable for batteries, giving #ACP exposure to the forecast EV boomhttps://t.co/bUNIzKa9gn@ArmadaleCapital"Read full newsRead More
Few sectors of the global economy are flourishing in these uncertain times like Australian gold mining. A combination of factors ... Read More The post The top five WA gold stocks likely to be on the radar of the majors appeared first on Stockhead.Read full newsRead More
In our latest Insights, we update where we stand with respect to peak insider buying, an event that can coincide near stock market lows. Meanwhile, we note one area of the market that may have put in a V-shaped recovery.In our clip of the week we look at a way to help narrow down opportunity, and our insider of the week will likely have a bigger impact on our mutual well-being than any CEO or pol...Read More
(Image courtesy of BHP). Global miner BHP Group (ASX, LON, NYSE: BHP) launched an $8-million plan focused on helping mitigate the spread of COVID-19 in Chile.BHP operates the Escondida copper mine, which is the world's largest, and the Pampa Norte mine, which consists of two operations, Spence and Cerro Colorado. Both complexes are in the northern Atacama Desert but Escondida and Spence are locat...Read More
(Reference image from Pixnio, CC0). The Esperanza camp, which is part of the San Carlos Panantza mining complex in Ecuador, was intentionally set on fire and destroyed this weekend, according to information made public by the Ministry of Energy and Natural Non-Renewable Resources.The copper project, located in the southeastern province of Morona Santiago, is operated by Explorcobres S.A.(EXSA),...Read More
CPU processor. (Reference image from Pxfuel, CC0). A research paper published in Physical Review Letters reveals that gold can stand up to the strain of the next-generation data processing in electronic devices.The study was carried out because engineers were starting to worry about the possibility of the tiny gold wires that are used in electronics behaving more like a liquid than a solid as cir...Read More
TORONTO - Centerra Gold Inc. is suspending open pit mining at its Oksut project in Turkey in an effort to slow the spread of COVID-19. The suspension of work at the project starting March 31 is for an initial period of two weeks. However, the gold miner says operations at its Kumtor mine in the Kyrgyz Republic and its Mount Milligan operation near Prince George, B.C., continue for the time being....Read More