Guinea's mining minister Abdoulaye Magassouba said on June 4 the government had approved a basic agreement for the US$14 billion development plan, even though the proposal failed to meet minimumRead More
Gold X Mining Corp. (TSX-V: GLDX, OTCQX: SSPXF) is developing the Toroparu Gold Project in Guyana, South America. Gold X has spent more than US$150 million on the Project to date to both classify 7.35 million ounces of measured and indicated and 3.15 M-oz of inferred gold resources, develop engineering studies for use in a feasibility study, and define a number of exploration targets around Toropa...Read More
The market today is perhaps the most delusional it has ever been.There is a mix of new traders on free brokerage sites like Robinhood, who are working from home and got a $1,200 check. You mix this with Twitter pump and dumps and you get what happened the past two days.Chesapeake Energy launched from $13 to $69.Today it declared bankruptcy. The stock is halted, but it was down 50% in premarket tra...Read More
The Marshall Precious Metals Fund, managed and led by chairman and CEO David Garofalo, with funds from Chinese state-owned Zhaojin Mining, has taken a 3.8% interest in Radisson Mining Resources (TSXV: RDS; US-OTC: RMRDF) through a non-brokered private placement.The precious metals fund that is focused on investing in early-stage exploration juniors is acquiring 2.5 million common class A shares of...Read More
The Northern Miner presents the top-10, Canada-headquartered mining companies by market capitalization as of late-June, 2020.1. Barrick GoldMarket cap: US$46.56 billionBarrick Gold's Cortez gold mine in Nevada. Credit: Barrick Gold.Barrick Gold (TSX: ABX; NYSE: GOLD) has gold and copper mining operations and projects in 13 countries in North and South America, Africa, Papua New Guinea and Saudi Ar...Read More
The Electrum Strategic Opportunities Fund has increased its interest in Nickel Creek Platinum (TSX: NPC; US-OTC: NCPCF) to 33.88% following the closure of the second tranche of a private placement.The mining-focussed private equity fund based in New York is part of the Electrum Group founded by billionaire Thomas Kaplan.The fund purchased nearly 21 million units at a price of 5 ? per unit, raising...Read More
Drilling at Talisker Resources' (CNSX: TSK; US-OTC: TSKFF) 42-sq.-km Bralorne gold project in British Columbia has returned high-grade gold from new veins as well as from existing structures.Of the three holes for which results were released, two returned high-grade intercepts. Hole 2020-004 was drilled around the past-producing Pioneer mine and returned 0.5 metre of 27.6 grams gold per tonne star...Read More
An updated preliminary economic assessment (PEA) for Lumina Gold's (TSXV: LUM; US-OTC: LMGDF) Cangrejos gold-copper project in southern Ecuador has added nine years to the mine life and improved economics while increasing the initial capex to US$1 billion from US$831 million.The extended mine life for the open pit project, in Ecuador's El Oro province, comes from increased resources at Cangrejos a...Read More
New Gold (TSX: NGD; NYSE-AM: NGD) is selling its Blackwater project in central B.C. to Artemis Gold (TSXV: ARTG) for $190 million in cash.Under the deal, New Gold will be paid $140 million upon closing and $50 million in 12 months. It will also receive a stream on 8% of the gold produced at Blackwater and $20 million in Artemis shares for a 9.9% stake in the company. The gold stream falls to 4% on...Read More
This week features Pierre Lassonde's final shareholder meeting as chair of Franco-Nevada, which took place on May 6, 2020. Lassonde discusses the founding of the company, the dramatic appreciation of the stock price since the IPO, and answers questions from shareholders. He remains chair emeritus at the company.All this and more with online editor Adrian Pocobelli.This week's Mining Minute feature...Read More
Drilling along the LP fault at Great Bear Resources' (TSXV: GBR) wholly owned Dixie gold project in Red Lake continues to return long intervals of high-grade gold mineralization.The most recent results include hole BR-133, which intersected 25 metres of 15.5 grams gold per tonne, and includes a higher-grade interval of 12 metres grading 30.51 grams gold per tonne. This is the widest, highest-grade...Read More
Maritime Resources (TSXV: MAE) has started a 10,000-metre diamond drill program at its 98-sq.-km Hammerdown gold project in Newfoundland and Labrador. This program will focus on testing prospective areas for new gold discoveries, growing the existing resource inventory and optimizing the mine plan outlined in a preliminary economic assessment (PEA) earlier this year."Our Hammerdown and Orion gold...Read More
While we all remain focused on the pandemic, protests, and indices near all-time highs in spite of the new recession, it is easy to let some of the most promising market news fall to the wayside.Few are looking as a major trend in potential zero-emission technologies continues to gain traction. Yet the news keeps coming.While the U.S.A. has remained especially inward-looking, as is so often common...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
By: Ira EpsteinGold has strong support around $1653.50+ / 18 week moving average. Momentum rolled over. Read More
On the day that NBER announces the US Economy officially entered recession in February, S&P scrambled green year-to-date...Read full newsRead More
Adamera Minerals Corp. and Hochschild Mining PLC are pleased to aRead full newsRead More
Latin Metals Inc. ("Latin Metals" or the "Company") (TSXV:LMS) (OTCQB:LMSQF) provides an update on the status of the Company's various gold, copper and silver exploration projects in Argentina.Read full newsRead More
GoldSpot Discoveries Corp. is pleased to announce that due to itsRead full newsRead More
Great Bear Resources Ltd. today reported results from its ongoingRead full newsRead More