Corvus Mother Lode Project in Nevada (Credit: Corvus) Infill drilling at Corvus Gold's (TSE: KOR) Mother Lode deposit in Nevada has intercepted higher-grade and broader than expected mineralization.Highlights include 88.4 metres of 1.92 g/t gold and 56.4 metres of 1.92 g/t gold: both of these holes targeted areas with limited drill data, intersecting better grades and geometries than suggested...Read More
Rio Tinto and the Society for Mining, Metallurgy & Exploration announced a multiyear partnership during the SME's Conference & Expo in Phoenix, Arizona. (Credit: Rio Tinto) Rio Tinto and the Society for Mining, Metallurgy & Exploration (SME) signed a multiyear partnership that will provide professional development opportunities to Rio Tinto employees. The announcement came at SME's Annual Confere...Read More
SourceOne screenshot (Credit: Eclipse) Mining technology provider Eclipse Mining Technologies has announced the launch of SourceOne, its flagship product. SourceOne features a collaborative platform to connect data from different sources as well as a datahub to store historical and contextual data, making it suitable for analytics and use of advanced technology like artificial intelligence and...Read More
Shares in Firestone have plummeted from 56.5p in November 2016 to just 0.30p on Tuesday, as lower than expected diamond prices saw the company struggle to pay down debt.Read More
The A3c/share interim dividend was declared after the drilling business generated $7 million in operating cashflow from group revenue that increased 8% to $81.5 million.Read More
Share this articleTORONTO - Ontario Teachers' Pension Plan has signed a US$300-million deal investment deal with New Gold Inc.Under the agreement, the pension fund will acquire a 46 per cent free cash flow interest in the New Afton gold-and-copper mine.Ontario Teachers' has an option to convert the interest into a 46 per cent joint venture interest after four years or have their investment remai...Read More
This episode features excerpts from Cameco's Feb. 7, 2020, conference call. Cameco president and CEO Tim Gitzel discusses the fundamentals of the uranium market, spot market purchases, vision and strategy, ESG, the company's tax dispute with the CRA, and supply risk in the uranium market.All this and more with online editor and host Adrian Pocobelli.Music Credits:"Rattlesnake Railroad", "Big Weste...Read More
For the first time in a decade, there are no Canadian jurisdictions in the Fraser Institute's top 10 investment destinations, based on the 2019 annual survey of mining and exploration companies.Saskatchewan continues to be the most attractive Canadian investment jurisdiction, coming in at number 11, followed by Ontario, Quebec and B.C., ranked 16, 18 and 19, respectively. The institute's top-rank...Read More
Infill drilling at Corvus Gold's (TSX: KOR) Mother Lode deposit has intercepted high-grade mineralization over a broad area.Highlights include 88.4 metres of 1.92 grams gold per tonne and 56.4 metres of 1.92 grams gold: both of these holes targeted areas with limited drill data, intersecting better grades and geometries than suggested by the current resource model. The drill holes also expanded t...Read More
GoldMining (TSX: GOLD; US-OTC: GLDLF) has agreed to buy the Almaden gold project in west-central Idaho from Sailfish Royalty Corp. for $1.2 million in cash and shares.Located 140 km north of Boise, the Almaden project is a historic, resource-stage property with 70,234 metres (934 holes) of drilling. It hosts outcropping, low-sulphidation epithermal gold mineralization similar to Integra Resources'...Read More
Yesterday, the market sold off 1,000 points based on coronavirus fears, though I think it might have more to do with Bernie "Free Stuff" Sanders being the front-runner for the Democratic primary.Of course, neither of these are the real reason for the sell-off. The reason is that the market got ahead of itself after jumping 30% last year and starting 2020 strong. Pundits give reasons for sell-offs...Read More
Silver producer Excellon Resources (TSX: EXN) has announced plans to acquire developer Otis Gold (TSXV: OOO) in an all-share deal worth an estimated $32.3 million, based on recent closing stock prices.Excellon's main producing asset is the high-grade underground silver-lead-zinc Platosa mine in Mexico, whereas Otis holds the Kilgore gold project in Idaho. Based on a share exchange ratio of 0.23...Read More
After yesterday's 1,000-point drop in the Dow - which is strange to think of as only 3% - and today's drop looking like it'll settle around 750 to 800, we are in a tough place.But we aren't in completely uncharted territory.You can find plenty of articles around comparing the current coronavirus outbreak to past outbreaks, and I'd bet there are more of them than you'd remember.Here is a handy cond...Read More
India has clarified the nature of a gold discovery in Uttar Pradesh, after a gov...Read full newsRead More
By: Gary SavageGeneral market updates on today's big down-move. This video update includes: $ES, $AAPL, $COMPRead More
"Explosive growth of shadow banking was about the invisible hand having a party, a non-regulated drinking party, with rating agencies handing out fake IDs." Paul McCulley, economist, bond investor, PIMCO; coined "shadow banking" in 2007, The New York Times 4/6/2010; b. 1957 "If you are ready to give up everything else to study the whole history of the market as carefully as a medical student st...Read More
StrengthsThe best performing metal this week was palladium, up 11.52 percent as precious metals had a stellar week. Gold hit a seven-year high this week, holding above $1,600 an ounce to the highest since February 2013 largely on coronavirus fears. The metal also rose on speculation that the Federal Reserve will ease monetary policy before year-end. Gold remained strong even as the U.S. dollar a...Read More
Clive MaundIf you are wondering why gold is starting to accelerate away to the upside, you need look no farther than the following amazing chart forwarded to me by reader Larry Fike, which Larry has kindly given me permission to reproduce in this update...Click on chart to popup a larger, clearer version.Chart courtesy of Larry FikeThe chart speaks for itself and requires little additional comme...Read More
Now that we are hearing stories about the viral threat of superspreaders, of deepening economic paralysis around the world, and how it could take 18 months to produce a vaccine, investors' show of bravado in recent weeks seems to have melted away. Shares got hit across-the-board on Thursday and Friday, and if investors know what's good for them they'll pound the bejeezus out of them this week. A...Read More
Gold April reached a high of $1684.10 early morning (at New Zealand open). Silver march reached at high of $1879.50. Copper march fell to a low of $256.50. Crude oil fell to a low of $51.66. Early morning high (just after New Zealand open) can be fake or just stop loss hitting price moves. No doubt the trend for gold and silver is bullish. BUT still they have to break and trade over early mornin...Read More