Gold Rush excavator (Credit: Volvo) To celebrate 10 years of Discovery's Gold Rush television show, Volvo designed a special edition EC200E excavator, which was sold at Ritchie Bros.' premier global auction in Orlando, to an online buyer from Belgium for $290,000. All proceeds will be donated to Habitat for Humanity and Building Homes for Heroes. The special edition excavator has a paint job - al...Read More
Naranjillo project. Credit: Plata Latina Mexican silver major Fresnillo has exercised its option to purchase the Naranjillo property from Vancouver's Plata Latina Minerals (TSXV: PLA). Naranjillo is a grassroots epithermal silver discovery located in the Mexican Silver Belt, approximately 35 km southeast of the Guanajuato mining district. Plata Latina also controls three other exploration ready p...Read More
Digitalization team (Credit: Epiroc) Vale (NYSE: VALE) has selected Mobilaris Engineering and Epiroc as partners to advance digitalization at its Canadian mines.The announcement is part of the company's digital transformation program within the mining area with the digitalization partnership aimed at enabling situational awareness for its workforce, equipment and consumables to ultimately inc...Read More
Dry vibrating magnetic filter (Credit: Eriez) Eriez, a company specializing in separation technologies, has published a white paper on the its high-intensity dry vibrating magnetic filter (DVMF), which removes very fine iron-bearing contaminants from hard-to-flow powders to produce higher-quality end products.The paper, developed specifically for hard rock mining industry professionals, describes...Read More
Seasoned metal-market watchers probably find it hard to believe that the upward run in palladium can continue because past periods of high prices have always ended with a fall as major users switchRead More
Group revenue rose 5.3% to A$1 billion. Underlying EBITDA was up 10.6% to $222 million and underlying EBIT rose 7.7% to $111 million. Underlying net profit after tax dropped 7% to $60.Read More
Share this articleVANCOUVER, British Columbia - Great Atlantic Resources Corp. [GR-TSXV] is pleased to summarize results for the 2019 Phase 1 diamond drilling program at its Golden Promise Gold Property, located within the central Newfoundland gold belt. The drilling program was conducted at the gold bearing Jaclyn Main Zone (JMZ), being part of the Jaclyn Zone. The JMZ is a gold bearing quartz ve...Read More
Today is Wednesday, February 26, 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 $1,642.35. It's up 0.45% from yesterday and up...Read More
Today is Wednesday, February 26, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of SEACOR Holdings (NYSE: CKH), Cabot Oil & Gas Corporation (NYSE: COG), and Comstock Resources (NYSE: CRK).SEACOR Holdings (NYSE: CKH)SEACOR Holdings (NYSE: CKH) is a $796.07 million company today with a one-year return of -18.64%. Let's look at its price-to-earnings (P/E) ra...Read More
More chaos, more panic, and more blood.Watching the Dow Jones drop like a stone over the last two days wasn't nearly as surprising as you might first think.And it certainly shouldn't be to you, either.Keep in mind that the ugly two-day drop this week was preceded by one helluva run three-year run that saw the Dow Jones climb 78% higher.As my colleague Luke Burgess told you recently, the Dow Jones...Read More
* Brixton Metals Starts Drilling at Langis ** Live Webinar Project Update Thursday Feb. 27th ** Brixton Publishes Hog Heaven Mine Video * February 26, 2020 - Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the "Company" or "Brixton") is pleased to announce that it has commenced a 1,000m drill program at its wholly-owned Langis Mine property in the Cobalt Camp, Ontario, Canada. Addition...Read More
Galway Metals (TSXV: GWM) has released drill results from its 605-sq.-km Clarence Stream gold project in New Brunswick, which narrows the gap between the Richard and Jubilee zones down to 350 metres.Drill highlights include 47 metres of 10.6 grams gold per tonne and 32 metres of 1.2 grams gold from hole 87, which was drilled between two previously completed step-out holes. Hole 93, which extended...Read More
Rio Tinto (NYSE: RIO; LSE: RIO) will spend $1 billion over the next five years to reduce its carbon footprint and have net zero greenhouse gas emissions by 2050, but some analysts say the announcement is a minor step towards helping the mining industry achieve climate goals.Delivering full-year results for 2019, in which the company recorded its highest profit in eight years, CEO Jean-S?(C)bastien...Read More
The decision by Teck Resources (TSX: TECK.B; NYSE: TCK) to withdraw its $20 billion Frontier project from the regulatory review process will further reduce investor confidence in Canada's oil and gas industry, says an industry analyst."Our conversations with institutional investors had begun to put 'regulatory hurdles' lower on the list of concerns when looking at the Canadian energy sector," said...Read More
Employment in the mining industry is highly specialized and as a result, retaining skilled staff is challenging. These employees are often the most valuable asset at a mine and can run anywhere from 25% to 50% of the daily operating costs.One of the top reasons that employees leave for greener pastures is how much they are paid. Individuals such as geologists, engineers and top-line supervisors ar...Read More
You got a taste this week of how quickly the rug can be pulled out from under global markets.The S&P cratered 275 points in two days - losing 8% of its value and erasing the last two-and-a-half months of record-breaking gains.A bear market, which we haven't seen now in a record amount of time, would see losses much worse than that. We'd need to see a full 670 points come off the S&P to see the 20%...Read More
"$LNG - Cheniere Energy's (LNG) CEO Jack Fusco on Q4 2019 Results - Earnings Call Transcript. https://t.co/V464Fyp2tr #trading #markets #stockmarket"Read full newsRead More
Stewart Thomson, Graceland Updates 1. The US stock market is in "sleigh ride" mode against gold stocks.2. Please click here now. Double-click to enlarge this chart. Yesterday was another day of disappointment, fear, and outright terror... for most investors who are locked in the Dow versus GDX sled.3. The disintegration of the US stock market against GDX began...Read More
By: Ira EpsteinGold market's 18-DMA is under $1,600. 5 days in a row OVER the Bollinger band. Tomorrow it is likely try to get under the band, under $1,650..Read More
Silver has not risen at all. Just trade in the technical in silver. Corrections in gold are healthy. There are lots of US economic data next week. US various February jobs report will be there next week. Correction or profit booking in gold and silver will be there. Corrections will be healthy to ensure that the current rally in gold is a sustainable one. A continued one way rise will imply a bo...Read More