"It's not the things they think of that fascinate me ...............It's that they get away with doing it.......................(credit = Zerohedge)"Read full newsRead More
With mining majors suspending expansion plans, ramping down operations and temporarily closing down head offices in response to Covid-19, development and exploration companies are also taking precautionary measures to prevent the potential spread of the virus. At this time, these measures do not appear to have a major impact on project timelines for two pre-production companies focused on Eastern...Read More
Analysts have been saying it for practically a year. With the possibility of a recession on the way, gold is one of the safest places that investors can put their money.During the past year alone, the price of gold has sky rocketed, but investors were disappointed to see that during that time gold prices remained steady, but weren’t all that exciting.Until recently.With the COVID-19 pandemic...Read More
Kennecott mine. (Image: Kennecott Rio Tinto.) Rio Tinto's Kennecott copper mine near Salt Lake City, Utah, was impacted Wednesday as a result of a 5.7-magnitude earthquake close to the town of Magna. According to the company, all employees have been safely accounted for and evacuated from the potential risk areas. Rio has identified limited damage to the operation or risk to the surrounding comm...Read More
Red Lake District, northwestern Ontario, Canada. Photo by P199, Wikimedia Commons Drilling at BTU Metals' 197-sq.-km Dixie Halo project in Ontario returned continuous volcanogenic massive sulphide-style mineralization over 300 metres, starting at surface, with metal grades increasing with depth.Hole BTU-19-25 reported in the most recent release includes a 173-metre interval grading 0.35% copper...Read More
Seequent has received a 2020 Esri Partner Award, 'Analytics to Insights', for its Target for ArcGIS Pro tool, which enhances the integration of mining and exploration data. Esri provides geographic information system (GIS) mapping software and spatial data analytics for various sectors. Esri provides geographic information system (GIS) mapping software and spatial data analytics for variou...Read More
The First Cobalt Refinery is located in Ontario, Canada. (Image courtesy of First Cobalt) The feasibility study for an expansion of First Cobalt's (TSX-V:FCC) refinery is in the final stages and is expected to be concluded in the coming weeks, the company said in its latest update.In September 2019, First Cobalt commenced engineering studies, including an interim scenario for restarting the refin...Read More
Image: CBC Youtube screengrab. The decline in the copper price accelerated on Wednesday as pandemic fears grip global markets and mining companies announce a raft of production halts and project construction suspensions.Copper trading in New York fell by as much as 8.8% to $2.111 a pound ($4,650 a tonne), the weakest level since early October 2016. The copper price is now down more than 25% from...Read More
National Bank advised SilverCrest the reason for the purported termination was based on the "disaster out" clause of the financing agreement due to the subsequent sharp decline in the explorationRead More
Under normal circumstances no-one in mining would complain about discounted diesel in the pits, or lower energy costs for processing plants, but these are far from normal times.Read More
The main aim of the consortium is to collectively help to eliminate the obstacles to the adoption of green hydrogen technologies and encourage innovative application.The goal is to identify opportunities to develop green hydrogen technologies for the resources sector and other heavy industries, and provide a mechanism for suppliers and operators to contribute to and engage with these development a...Read More
He said the department's health and safety inspectorate, working with the mining companies and labour unions were on "high alert" and testing the level of preparedness.South Africa had 62 confirmed COVID-19 cases, 11 new, the World Health Organisation said yesterday.After meeting with the Minerals Council South Africa leadership, Mantashe said a 10-point plan had been developed, in line with healt...Read More
How low can oil go?After watching WTI crude tumble another 10% this morning, all bets are off on when we're going to see the bottom.In fact, we haven't seen a barrel of black gold cost so little since September of 2003.A double-edged sword is slicing through the fundamentals in the oil sector, and nobody is given quarter in this price crash.When prices crashed under $30 per barrel, the smart money...Read More
Drilling at BTU Metals' (TSXV: BTU) 197-sq.-km Dixie Halo project in Ontario's Red Lake district returned continuous volcanogenic massive sulphide-style mineralization over 300 metres, starting at surface, with metal grades increasing with depth.Hole 19-25 includes a 173-metre interval grading 0.35% copper-equivalent, starting at 182 metres down-hole. Within this interval are higher-grade section...Read More
The decline in the copper price accelerated on Wednesday, as pandemic fears grip global markets and mining companies announce a wave of production halts and project construction suspensions.Copper trading in New York fell by as much as 8.8% to US$2.11 per lb. (US$4,650 a tonne), the weakest level since October 2016. The copper price is now down more than 25% from its 2020 high, near the end of Jan...Read More
Several mining companies have been directly affected by Covid-19 outbreaks, and global restrictions to encourage social distancing have meant some mining projects have either slowed or shuttered,Read More
We're going big. That was the message from the Federal Reserve and the Federal government this week. "This is war," they said. So they unleashed the BAZOOKAS.The Fed's Jerome Powell strutted to the mic on Sunday as fear gripped the world. The economy came into this on sound footing, he lied, repeatedly, as he cut rates to zero. And that was after he unveiled $1.5 TRILLION in new repo and QE oper...Read More
Rambus/PlungerThe great debate on whether we're going to see inflation or deflation has been answered in spades. For years some of the greatest minds of our time have discussed this issue in great detail with each side giving probable reasons as to why we'll see either inflation or deflation. Both sides can make great points to their arguments but in the end only one side will win the battle tha...Read More
If you're feeling depressed because your retirement fund has been cut in half by the Covid-19 avalanche on Wall Street, take heart because you may have a good chance to get it back. Yeah, I know, I wrote here only last week that the bear market would stretch on for years, bankrupting us all and ushering in the Second Great Depression. But watching the spectacular collapse of Boeing shares has ma...Read More
The fall in gold will clear some short term investors and also result in a big increase in long term investors. Both gold and silver are good long term investment opportunities. In the short term gold and silver will see a see-saw type prices moves like yesterday. Global financial markets have to stabilize for gold and silver to for a short term direction. In the very short term both gold and si...Read More