George Floyd has galvanized the world in a manner that countless other race-related murders have not. It is a moment to be seized and First Cobalt has lent its voice to change on Twitter:No one is born hating another person because of the color of his skin, or his background, or his religion. People must learn to hate, and if they can learn to hate, they can be taught to love, for love comes more...Read More
The law of unintended consequences is - as far as laws go - a pretty interesting one.It's been used by famous philosophers and economists, from Adam Smith's "invisible hand" to John Locke's interest rate experiments, to explain away the problem of trying to predict things.It boils down to this: the actions of people and governments always have effects that are unanticipated or unintended. Viruses,...Read More
- The federal government of Nigeria has commended Heritage Bank for being part of a valuable private sector collaboration with Dukia Gold & Precious Metals Refining Co. Limited, saying the partnership will create new opportunities for Nigeria to grow its potential reserves of 200 million ounces of gold. The Vice President, Yemi Osinbajo, disclosed this during a virtual meeting at the launch of nat...Read More
Rising demand for gold, more cost-disciplined miners and undemanding valuations could lead to an increase in mergers-and-acquisitions activity in the gold...Read full newsRead More
Dave Kranzler, Investement Research Dynamic's Mining Stock JournalThe bullion banks - at least on the Comex - have reduced their risk exposure to gold and silver derivatives over the last several months, which means reducing their short exposure. This is likely in response to the rising risk that they will be unable to meet increasing long-side counterparty delivery demands.Chris Marcus of Arca...Read More
By: Ira EpsteinOil API data not bullish, not consistent draws. Gold having a good start to the week, August chart breaks to neutral pattern..Read More
While it was easy to miss in the wake of the Fed meeting, bitcoin has edged closer to $10,0000. For the past couple of weeks, it has been consolidating, so we shall see if it can sneak across that psychological barrier. On INK Ultra Money we heard from Arthur Hayes, CEO and co-founder of BitMEX a cryptocurrency exchange and derivatives platform. It is a timely interview as signs are pointing to i...Read More
FORT FRANCES - The Ontario government is investing more than $1 million through the Northern Ontario Heritage Fund Corporation (NOHFC) in two Rainy River agricultural projects, creating three jobs.Rainy River Future Development Corporation is receiving $1 million to begin a two-year tile drainage program in the Rainy River district. Tile drainage is a common land-improvement practice that creates...Read More
Tesla shares breached the $1,000 threshold in intraday trading for the first time on Wednesday.Read full newsRead More
Silver Viper Minerals Corp. (theRead full newsRead More
Als erste Umsetzung des Konjunkturpakets hat das Bundeskabinett nach Angaben der Regierung die lange umstritte Strategie zum Aufbau einer Wasserstoff-Industrie beschlossen. Damit will Deutschland weltweit die Nummer eins bei der Technologie werden....Read full newsRead More
HighlightsLower Zone discovery: 10 meters of 3.9 g/t gold starting at 237 meters in FG-20-369 including:1.0 meter of 33.9 g/t at 239.0 metersHole FG-20-368 hit 10 meters of 0.8 g/t at 185 meters in same zoneNew Lower Zone thickness remains openUpper Zone intercept: 32.0 meters of 3.0 g/t gold starting at 22.0 meters in FG-20-369 including:1.0 meter of 42.5 g/t at 29.0 metersLarge diameter, o...Read More
Now every time 210,000 blocks are cleared, Vijay says, the value halves. So, after the first 210,000 blocks, it became 25 bitcoins; at 420,000 it became 12.5, and now at 6,30,000 it is 6.25.Read full newsRead More
Gold is attempting to make a comeback as it emerged above $1,700 at the beginning of the week. With the market mood worsening the S&P 500 corrected lower after previously erasing its gains for 2020. All data points to the precious metal continuing to attract buyers. Although the global pandemic and growing concerns regarding a new trade way between US and China may have thrown major stock mar...Read More
The TSX stock market rallied from the low in March. What comes next?Specifically, the Canadian stock market marched 33% higher since the low, seemingly driven by the COVID-19 impact that was not as bad as we thought.Arguably, we will see the real repercussions of COVID-19 in the coming months.The market is also optimistic about businesses progressively reopening and effective COVID-19 vaccines tha...Read More
Eclipse Gold's Hercules gold project in Nevada. Image from Eclipse Gold. The first phase of drilling at Eclipse Gold's (CVE: EGLD) Hercules gold project in Nevada within the Walker Lane trend, 40 km southeast of Reno, has returned long intercepts of shallow gold in oxides.The drill highlights include 74.7 metres of 0.54 g/t gold and 4.78 g/t silver (0.6 g/t gold-equivalent) starting at surface...Read More
A historic headframe at Maple Gold Mines' Douay gold property in northern Quebec. Credit: Maple Gold Mines. Maple Gold has released the results of hole DO-20-281 completed within the conceptual pit shell at the Porphyry zone at the company's 355-sq.-km Douay project in Quebec. This drill hole returned 164 metres of 0.86 g/t gold starting at 107 metres and includes a number of higher-grade gold z...Read More
Image by Eastmain Resources. Eastmain Resources has optioned its Lac Lessard platinum group metals project in Quebec to a private company.Under the option agreement, Eastmain has received an initial option payment of C$85,000. In order to earn a 100% interest in the project, the vendor needs to spend at least C$100,000 on exploration and make a C$100,000 payment within 12 months of the agreement...Read More
Wenco fleet management system Credit: Wenco. Wenco International Mining Systems and Oxbotica have signed a memorandum of understanding (MOU) to develop the world's first Open Autonomy solution for mining. This industry-leading system is expected to provide flexible and efficient autonomous deployments for mining.The partnership avoids vendor lock-ins and offers customers the freedom to choose...Read More
Billionaire fortunes have been whipsawed in recent months by global trade tensions and economic uncertainty caused by the coronavirus pandemic. For one group, however - tycoons with major holdings in mining, particularly gold assets - it's been a prosperous time.Looking at the 100 richest people on the 2020 edition of Forbes' World's Billionaires List, OLBG.com compared the journey of each of the...Read More