Typical hematitic sheeted auriferous gold veins from the North Lake project. (Image: MAS Gold). A maiden mineral resource for MAS Gold's North Lake deposit in Canada's Saskatchewan province, within the La Ronge gold belt features 14.1 million tonnes grading 0.92 g/t gold for a total of 417,000 oz.MAS holds a total of 338 sq. km of ground within four properties in Saskatchewan's La Ronge belt. B...Read More
Black Fox gold mine near Timmins, Ontario. (Image courtesy of McEwen Mining) After announcing a temporary suspension of operations until at least March 31 at its 49%-owned San Jos?(C) mine in Argentina late last week due to Covid-19, McEwen Mining reported today it will also be suspending production at its Black Fox mine in Ontario and Gold Bar in Nevada. That leaves only the company's small El...Read More
There happen to be a variety of ways that one can choose to gain exposure to precious metals like gold. Those who have not yet added gold to their portfolio may not know where to start.In this article, I’m going to discuss the pros and cons of different forms of gold investing.Buying physical goldThe old school way to invest in gold, buying physical gold coins, bars or even jewelry as a long...Read More
Mine safety monitoring Credit: IDS Georadar. Worldsensing and IDS GeoRadar, both in the monitoring technology space, cooperated to launch a comprehensive mine safety monitoring system. The integrated system will be the first in the world to offer surface, sub-surface and geospatial monitoring in a single package, simplifying contracting and deployment. The software will exploit Worldsensing's L...Read More
Adobe Stocks Key moves in the Canadian mining sectorMathieu Piche has joined the board of Black Tusk Resources with Alex Klenman resigning as a director.Peter Dickie and Neil McCallum have been appointed to the board of Bluebird Battery Metals. Peter Dickie is also now the company's president and CEO, replacing Nav Dhaliwal, who has resigned from the company.David Watkins has joined...Read More
US coal-fired plant. Stock Image. US domestic demand for thermal coal will fall in the near term as individual states shut down much of the industrial economy to try and stem the coronavirus pandemic, and as slowing economic activity cuts US electricity demand in the second quarter of 2020, Moody's Investors Services said Thursday in a research note, adding that it expects an unprecedented shock...Read More
Petra Capital is acting as lead manager and bookrunner to a two-tranche placement priced at 18c per share, a 23.4% discount to yesterday's close. The offer closes tomorrow afternoon.Read More
Through Resolution 28, the agency has suspended the submission of defenses, evidences, oppositions and appeals in administrative proceedings with respect to infraction, occurrence and collection of revenues related to financial compensation for mineral exploration, inspection fee and fines; and any other term established in the Brazilian Mining Code.The suspension will not apply to obligations and...Read More
Share this articleVANCOUVER - SSR Mining Inc. says more than 300 workers will be affected by its decision to suspend operations at the Seabee gold mine in northern Saskatchewan until April 30 due to the threat of COVID-19.Spokesman Michael McDonald says the mine employs about 360 staff on two shifts and they will continue to be paid during the shutdown.About 20 people from each shift will remai...Read More
Share this articleVANCOUVER - Fortuna Silver Mines Inc. says its San Jose silver and gold mine in southwestern Mexico is resuming operations today.In a brief report late Wednesday, it said an illegal blockade of roads in the municipality of San Jose del Progreso that prevented access to the mine has ended.Earlier this week, the Canadian company said a group of people led by the former mayor of S...Read More
Share this articleTORONTO - 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 fo...Read More
Today is Thursday, March 26, 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 $1,656.05. It's up 2.75% from yesterday and up 25....Read More
Today is Thursday, March 26, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Renewable Energy Group (NASDAQ: REGI), Suncor Energy (NYSE: SU), and W&T Offshore (NYSE: WTI).Renewable Energy Group (NASDAQ: REGI)Renewable Energy Group (NASDAQ: REGI) is a $781.29 million company today with a one-year return of -10.13%. Let's look at its price-to-earnings (P/...Read More
Not even the Fed can save us now.As much as the gatekeepers of monetary policy will try, nothing they can do can stop the bleeding.Since this pandemic reminded the world that political pandering is no substitute for actual preparedness, the Fed has desperately tried to stave off a market collapse with unlimited quantitative easing.There's been the revitalization of the Term Asset-Backed Securities...Read More
As the science continues to evolve around the transmission of the deadly coronavirus, the 23,000 people who attended the Prospectors & Developers' Association of Canada (PDAC) convention in Toronto on March 1-4 can only watch and wait.PDAC confirmed the first case of infection on March 11, stating that an attendee had tested positive for the virus after returning to his home in Sudbury. The conven...Read More
Barrick Gold (TSE: ABX; NYSE: GOLD) has unveiled a 10-year gold production plan in which it aims to maintain production levels of approximately 5 million oz. gold per year between 2020 and 2029. The plan is based on its current operating asset portfolio, sustaining projects in progress, and implementing exploration and mineral resource management initiatives. It does not include additional asset o...Read More
On a global scale, work is grinding to a halt and operations at mines are being temporarily suspended as majors and minors move to enact measures to protect against the spread of COVID-19.With governments from Africa to Latin America issuing lockdown orders, disruptions to operations and supply chains are affecting the outlook for industrial and precious metals. Most of the majors have now announc...Read More
The coronavirus pandemic "has morphed into a credit crisis and economic recession," Bank of America (B of A) outlined in its World at a Glance report released Thursday, noting that "the current sudden stop of the real economy on a global scale is unprecedented and the risk is that this crisis may end up even worse than the 2008-09 crisis," making "the market very challenging to forecast."B of A fo...Read More
DynaCERT (TSX: DYA), a Toronto-based company, has developed a technology called HydraGEN that could significantly reduce emissions by improving the performance and fuel efficiency of diesel engines used in mining machinery and equipment.The HydraGEN technology is about the size of a suitcase for use in trucks, with larger models for use in more significant mining machinery and equipment, and the c...Read More
The following is an edited report from the World Gold Council, release on March 19, 2020. For the full report visit www.gold.org.Like most asset classes, gold is being affected by the unprecedented economic and financial market conditions in play around the globe. We believe that recent volatility in the gold price has been driven by massive liquidations across all assets, and likely magnified by...Read More