An acclaimed debut novel of two orphaned children of Chinese immigrants struggling to survive during the Gold Rush days of the American WestRead full newsRead More
The price of gold has shown signs of reversing course ahead of the May low ($1670) as it extends the series of higher highs and lows from the previous week. The precious metal attempted to test the 2012 high ($1,796) as the Federal Reserve prepares to have the Municipal Liquidity Facility along with the Main Street Lending Program up and running in June. Analysts expect this to fuel a bullish mar...Read More
Even though the global economy is a mess, stocks are telling a completely different story. Markets are roaring as if we are entering a new golden age of economic prosperity. I am in fact happy that volatility is dropping and risk is coming back online. Personally, I hope the gold rush is over at the moment. However, it is not for the reason that you might think. I am looking at adding to gold...Read More
The Tax-Free Savings Account (TFSA) and RRSP are both fantastic tools for investors. While RRSP offers a significantly higher contribution limit, TFSA offers tax-free growth. If the bulk of your investment growth is taking place inside a TFSA, you can enjoy a cozy and well-funded retirement without worrying about being pushed into a higher tax bracket.That said, the “low” contribution...Read More
The Almaden project is Located 140 km north of Boise, Idaho, pictured here. (Adobe Stock) GoldMining has announced a mineral resource estimate for its wholly owned 17.2-sq.-km Almaden project, 140 km north of Boise, Idaho.The pit-constrained estimate includes 43.5 million indicated tonnes grading 0.65 g/t gold for a total of 910,000 contained oz. with a further 9.2 million tonnes inferred at 0.5...Read More
An outcrop at Probe Metals' Val-d'Or East gold project in Quebec. Image from Probe. Probe Metals has released assay results for drill holes completed at its wholly owned Val-d'Or East property in Quebec, which covers 119 sq. km. According to the company, this drilling has extended the Bussiere West and Southeast zones, which lie along the Courvan gold trend, on strike and at depth.The drill high...Read More
Loading ore into a haul truck at the Eagle gold mine. (Image courtesy of Victoria Gold).Victoria Gold's (TSE: VGCX) Eagle gold mine in Canada's Yukon territory has produced 25,068 oz. of gold from the start of this year until the end of May, and is expected to achieve commercial production at the end of the second quarter or early in the third quarter.In a release, the company's management noted...Read More
Waterval Smelter Complex in Rustenburg South Africa - Image from Anglo American Platinum. Anglo American Platinum has shut down its Phase B unit of the Anglo Converter Plant in Rustenburg after a water leak in the high-pressure cooling section detected on Sunday. "Our systems allowed us to bring the unit down pro-actively and safely. All employees evacuated the area safely," Amplats said in a re...Read More
Processing facilities at the Limon gold mine in Nicaragua. (Image: B2Gold.) Calibre Mining (TSX: CXB) on Wednesday released a maiden mineral resource estimate for the Panteon deposit at its Limon mine in Nicaragua.Panteon is a high-grade vein located 150 metres from the actively producing Santa Pancha underground mine. From 1965 to 1992, gold mineralization was mined along a 1,000-metre-long sect...Read More
To facilitate the process, the company plans to complete a 10:1 share consolidation and reduce its share count from 253.6 million to 25.4 million.Read More
Fortescue Metals Group, another iron ore miner with its best assets in Australia, was also dealt a solid blow to its environment, social and governance standing through the loss in court of aRead More
"This is the end, beautiful friend," I thought to myself.I remember that morning very clearly. The sun was slowly creeping across my desk as I just stared blankly at my screen.Yet, it wasn't much of a shock that Jim's voice was floating through my mind.It was in the early days of 2009 and oil prices had been crashing for the last six months. That morning, I watched as the price for a barrel of WTI...Read More
Perseus Mining (TSX: PRU; ASX: PRU) is acquiring Exore Resources (ASX: ERX) in an all-share deal worth A$58.9 million (US$41million).Exore Resources' flagship Bagoe project is within 50 km of Perseus Mining's Sissingue gold mine in northern Cote d'Ivoire, and the two West Africa-focused companies see important synergies in the transaction."The acquisition of Exore results in Perseus gaining owners...Read More
Probe Metals (TSX: PRB; US-OTC: PROBF) has released assay results for drill holes completed at its wholly owned Val-d'Or East property, which covers 119 sq. km near Val-d'Or, Quebec.According to the company, drilling has extended the Bussiere West and Southeast zones, which lie along the Courvan gold trend, on strike and at depth.The drill highlights included 14 metres of 6.8 grams gold per tonne...Read More
The Young Mining Professionals (YMP) has announced the 2020 launch of its YMP Scholarship Fund, with a total of $61,500 available for the 2020-21 academic year for students studying mining-related programs in Canada."The idea for the scholarships was not only to support students but also to help our industry address the talent gap," Stephen Stewart, director of YMP Toronto and president and CEO of...Read More
GoldMining (TSX: GOLD; US-OTC: GLDLF) has reported a mineral resource estimate for its wholly owned 17.2-sq.-km Almaden project, 140 km north of Boise in Idaho.The pit-constrained estimate includes 43.5 million indicated tonnes grading 0.65 gram gold per tonne for a total of 910,000 contained oz. with a further 9.2 million tonnes inferred at 0.56 gram gold containing 160,000 gold ounces. The resou...Read More
The Santa Rita mine in Brazil - one of the largest open-pit nickel sulphide mines in the world - remains fully operational with limited disruptions to the supply chain, owner and operator Atlantic Nickel reported on June 2.By the end of the first quarter, the mine completed its second and third shipments ahead of schedule, following its first shipment earlier in January.To date, the company has pr...Read More
Belgium's Financial Services and Markets Authority (FSMA) has broadened a probe kicked off in September 2019 into zinc firm Nyrstar NV that is looking into possible ties between the company and Trafigura, the world's number two metals trader.Geneva-based Trafigura took control of Nyrstar in early 2019 as part of a restructuring process that all but wiped out other shareholders. Investors ended up...Read More
While the government has encouraged regulatory agencies to use virtual meetings to avoid face-to-face meetings, in practice, that has not been so simple for public hearings related to the award of concession contracts or prior consultation processes, Angela Salazar, head of mining at Lloredo Camacho said on a Colombia Mining Legal Tour webinar."The ANM [National Mining Agency] has implemented a mi...Read More
Publisher's Note: Oil is the cheapest it's been in years. That means it's time to start looking at it from a contrarian perspective. I've stayed away from oil for nearly eight years. I told you shale companies would go bankrupt. Over 200 oil companies have gone bankrupt since 2015. Oil prices went negative this year. It's time to start looking around for upside. You can start with this interview...Read More