Visible gold from Eastern Gold Zone mineralization at Perron Credit: Amex Exploration. Amex Exploration has released drill results from the Eastern Gold zone (EGZ) and Grey Cat zone (GCZ) at its wholly owned Perron property in Quebec.At the EGZ, Amex drilled a wedge hole off of a prior intercept; this drillhole returned 19.7 metres of 5.36 g/t gold starting at 805 metres downhole and includes hi...Read More
A haul truck placing ore on the leach pad at Fiore Gold's Pan gold mine in Nevada. Credit: Fiore Gold.Fiore Gold (CVE: F) has released an updated resource estimate for its wholly owned Golden Eagle project in Washington, within the past-producing Republic/Eureka mining district.Measured and indicated resources are now at 45.4 million tonnes grading 1.38 g/t gold and 6.44 g/t silver for a total o...Read More
Sandvik TH663i Credit: Sandvik. As part of its long-term commitment to sustainability, Sandvik continues with its program to develop Stage V-compliant underground loaders and trucks for the mining industry. The company is now testing the first truck with this new engine technology at the Tara mine in Ireland. This follows the launch of its first Stage V loaders in December of 2019.Sandvik's fla...Read More
Kainantu gold mine, PNG. Image courtesy of K92. K92 Mining (TSXV: KNT) on Tuesday reported a significant resource increase at the high-grade Kora deposit at its Kainantu gold mine in Papua New Guinea. The updated resource estimate is based on surface and underground exploration diamond drilling and underground face sampling.Measured and indicated resources now total 1.1 million ounces at 10.45...Read More
Image from YPM Toronto. Young Mining Professionals (YMP) Toronto has announced that its Mining Cares initiative has raised C$190,420 for the United Way Greater Toronto covid-19 Emergency Relief Fund.Generous donors of YMP Toronto raised C$95,210, with YMP Toronto matching the first C$5,000 of donations. All of these funds were matched by Polar Asset Management and other leaders in the asse...Read More
Sam Catalano, senior mining equities analyst at Canaccord Genuity, said from a professional perspective, the current crisis was "nowhere near as bad as it felt in 2008-2009".Read More
Lindian will report a JORC resource "before mid-year", with grades reported being 50% Al2O3 or more from surface over intervals of up to 9m.Read More
Today is Tuesday, May 19, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Noble Midstream Partners LP (NASDAQ: NBLX), Centennial Resource Development (NASDAQ: CDEV), and Cameco Corporation (NYSE: CCJ).Noble Midstream Partners LP (NASDAQ: NBLX)Noble Midstream Partners LP (NASDAQ: NBLX) is a $666.04 million company today with a one-year return of -77.58%....Read More
"You can't run from them, you can't cheat them, you can't sway them with excuses. If you owe them money and you don't want to crumble yourself, you pay it back." -- Tywin LannisterThe head of the Federal Reserve, Jerome Powell, was on 60 Minutes on Sunday. He was interviewed by the always solid Scott Pelley. After the usual blather about washing hands and opening the economy, there was this gem:...Read More
Tianqi Lithium, China's top producer of the battery metal, says its controlling investor has put a sixth of its holding up for sale.The move, the Shenzhen-listed lithium miner said on May 18, seeks to raise much-needed cash to pay back debt the company racked up in an ambitious expansion overseas during the past two years.Chengdu Tianqi Industry Group, which holds a 36.04% stake in Tianqi Lithium,...Read More
This episode features the Q&A portion of Cameco's Q1 conference call that took place on May 1, 2020. Cameco president and CEO Tim Gitzel and vice-president and chief financial officer Grant Isaac discuss the impact of the coronavirus on uranium prices, as well as the difficulty the company has in obtaining an accurate uranium spot price, M&A and its ongoing tax dispute with the Canadian Revenue Ag...Read More
With restrictions on mining due to the coronavirus pandemic starting to ease, Newmont (TSX: NGT; NYSE: NEM) is back on track with all but one of its mines - Musselwhite in northern Ontario - slated to resume full operations in the coming weeks.Five of the gold miner's operations had been suspended because of coronavirus restrictions - four in March, including Yanacocha in Peru, Cerro Negro in Arge...Read More
Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click hereThe distribution centre had been closed on March 24 as Vale said at the time it was unable to secure the minimum resources to safely operate the terminal amid the COVID-1...Read More
El-Raghy said he had "all the confidence" in Jim Rutherford, who was named as his intended successor in December, to guide the company to greater success.Read More
While the television and movie streaming wars enter a new phase with a fight over subscription dollars, a whole new type of streaming war is firing up that will dwarf what we've seen so far.Investors made a fortune off of the first one. Netflix IPO investors have pulled in up to 37,000%. Buying at lows in the early 2000s could push that figure to over 70,000%.Even someone who bought Netflix shares...Read More
Stocks were on a tear in April, almost clawing back everything they lost in March.Much of that rally has been pinned on the hopes that lockdowns would be over and the coronavirus would be sorted in short order.But the more we hear from medical experts and more fundamentally, from the rising numbers ofRead full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. After some impressive weeks where it outperformed both US markets and precious metals, the Index endured a strong pullback of 45.1 points or 5% to 840.14 last week.MACD plunged 8.9 points to -7.3. RSI slid 10.39 points or 19% to 45.4.Support is at 820 (lower Bollinger) and 809. Resistance...Read More
By: Ira EpsteinGold above the monthly Bollinger band, it only stays above this band only 5% of the time. The weekly gold chart, this is the best gold price close we have had in years! Up $42 1/2 for the week..Read More
Strengths? The best performing precious metal was silver, up 7.30 percent. Gold had a strong week and held above $1,700 an ounce. Bullion rose the most in a week on Wednesday after Fed Chairman Jerome Powell said that the U.S. economy is facing unprecedented downside risks that could do lasting damage. Powell pushed legislators to take more action to support the economy. The poss...Read More
Gold, silver, copper and crude oil are all very bullish. Gold can rise to $1800+ by tomorrow if the rise continues. Silver can break past $20.00+ if the rise continues. Crude oil will if it floats over $30.00 this week will rise to $37.60 and more. Copper is bullish as long as it trades over $228. Speculation of negative interest rates by the bank of England will only increase the pace of rise o...Read More