It follows fellow Toronto-headquartered Kinross Gold closing its head office last week for the same reason. Iamgold said on Saturday its employee had last been in its Toronto office on March 6 and was now in self-quarantine at home, in a stable condition.It said the person had attended two private company events and the Northern Ontario Night at the Steam Whistle Brewery but had not been to P...Read More
We learned from Mike Mutchler, President and CEO of Amarillo Gold Corp. (TSXV: AGC, OTCQB: AGCBF), that they are developing two gold properties in mining-friendly Brazil. The open pit Mara Rosa Project, in the Goias State, has a NI 43-101 compliant resource of 1.1 million ounces of open-pit reserve at 1.4 grams per ton, and is open along a 20 kilometer trend. The Lavras do Sul Project, in the stat...Read More
Today is Monday, March 16, 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 $1,516.10. It's down -0.89% from yesterday and up 16...Read More
Today is Monday, March 16, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Southwestern Energy (NYSE: SWN), Dorian LPG (NYSE: LPG), and Plains All American Pipeline LP (NYSE: PAA).Southwestern Energy (NYSE: SWN)Southwestern Energy (NYSE: SWN) is a $1.028 billion company today with a one-year return of -60.4%. Let's look at its price-to-earnings (P/E) ra...Read More
An induced polarization (IP) survey completed at Maple Gold's (TSXV: MGM) 355-sq.-km Douay gold project in Quebec has expanded the 531 Zone target area and identified a new and undrilled target over 600 metres of strike. In addition, one of two holes drilled to deepen a hole from 2019 intercepted a higher-grade narrow zone of mineralization, returning 3.5 metres of 5.96 grams gold per tonne.The s...Read More
Alamos Gold (TSX: AGI) has announced that it has entered into an agreement to acquire a 3% net smelter return (NSR) royalty on production from four claims at its Island Gold mine in Ontario for $75 million, reducing its company-wide cost guidance for this year by US$13 per ounce.The royalty, acquired from a private company, covered 71% of the current project reserves and a further 1.1 million oz....Read More
Lundin Mining (TSX: LUN) has put the brakes on zinc expansion activities at its Neves-Corvo operation in Portugal, joining the rising number of companies taking precautionary steps in the face of the global spread of the novel coronavirus."As the workforce for the project includes many contract employees who travel from other regions of Portugal and internationally, the risk is that the virus coul...Read More
Alliance Magnesium, a private Canadian company focused on producing primary magnesium from serpentine mine tailings and secondary magnesium to make value-added products, has received enough funding for its commercial demonstration plant in Quebec.The magnesium production facility will have a capacity of up to 18,000 tonnes per year and produce primary magnesium ingots from serpentine and secondary...Read More
Canada Nickel Company (TSXV: CNC) has announced initial results from a mineralogical assessment of its Crawford nickel-cobalt project, located 40 km north of Timmins, Ontario.The first phase of mineral processing work at the deposit was used to determine the proportion of nickel contained within the nickel sulphide minerals pentlandite and heazlewoodite, and the nickel-iron allow mineral awaruite....Read More
As Euro Manganese (TSXV: EMN) advances feasibility studies at its wholly owned Chvaletice manganese project about 90 km east of Prague in the Czech Republic, it has also been lining up potential customers for planned output from its demonstration plant, which is projected to come online in late 2020.So far, the company has queued up five prospective customers for about 55% of the planned demonstra...Read More
The virtual event will seek to replicate the one-on-one meetings, company presentations and keynote speakers that DGG's annual events in Zurich and Denver typically provide investors in the precious metals space."We had an idea in late January that [the Covid-19 outbreak] is not going to work out well for us and so our board authorised additional investment into our existing meeting system to be a...Read More
We learned from Michael Nesbitt of Kalo Exploration, a privately held mineral exploration and drilling company based out of Fiji that they have a large land package of 367 square kilometers under license, including the Cirianiu (SPL 1464) and Coqeloa (SPL 1511) Prospects, located on Fiji's North Island, with an inferred resource of 158,831 ounces of gold. Kalo controls a 25-kilometer mineralized c...Read More
Last night the Fed announced another emergency action as it cut rates 100 basis points.It simultaneously launched a $700 billion quantitative easing program.The Dow and S&P 500 both fell more than 8% last week despite a nearly 2,000-point surge in the Dow last Friday.The $50-$100 daily swings in the gold price are here to stay.Doesn't feel great right now but there are important technical levels t...Read More
And there it is.Read full newsRead More
"Gold Rush Days: The 126th Annual Celebration Of Mining, Americana And The Wild West Comes to Colorado https://t.co/78BzJ2r4Y8"Read full newsRead More
Gold prices fell sharply, a worrisome development for some analysts who are concerned that investors are being forced to sell many assets to raise cash.Read full newsRead More
As markets have been growing with volatility the last couple of weeks, many investors are wondering what they can do to protect their capital. Gold is always known as a safe-haven asset, but a number of gold miners have been sold off as well. Not to mention, the price of the precious metal has been flat to down in the past three weeks of intense volatility.Gold being down as markets are crashing a...Read More
Exploration in Kitsault, northern British Columbia. (Reference image from the British Columbia Geological Survey annual program review 2019-2020). Following two years of continued growth, exploration activities in British Columbia remained steady through 2019, with expenditures down less than a percentage point from 2018.This, according to the British Columbia Mineral and Coal Exploration Survey...Read More
Electric vehicle. (Reference image in the public domain from Pxfuel). Researchers from Korea's Ulsan National Institute of Science and Technology and the University of Pennsylvania in the US produced a new catalyst that could boost the performance of metal-air batteries, known as MABs. These batteries use oxygen from ambient air to store and convert energy. In general, they have large storage cap...Read More