Gold futures rose more than 1% above US$1,600 an ounce and gold was worth $1,600.60/oz on the spot market at the time of writing.Palladium surged to a new record and was trading earlier at $2,536/oz on the spot market.Base metals, bar lead, sank on the London Metal Exchange yesterday.The S&P500 closed lower, as did European and Australasian indices except the Shanghai Composite Index, which ma...Read More
Gold has been one of the most popular investments over the last 12 months, as many investors seek safe-haven assets ahead of what experts are saying will be an inevitable recession sooner rather than later.This has led the price of gold to rise by over 20% the last 12 months, a substantial increase for the precious metal.As you would expect, gold mining stocks, which are leveraged heavily to the p...Read More
Today, we’ll take a quick look at two questions that a lot of risk-averse Canadian investors are asking at the moment: Is a recession really on the cards, and why are dividend stocks a good way to stay invested and keep bringing in that cash?To answer the first question, there is some indication that the bull run could peak this year, and a market correction south of the border could precede...Read More
Calibre Mining's El Limon ball mill in Nicaragua. Credit: Calibre Mining. After completing the acquisition of the El Limon and La Libertad mines in Nicaragua from B2Gold last year, Calibre Mining has reported its first quarterly results as a gold producer.The company reported fourth-quarter production of 33,506 oz. gold at all-in sustaining costs of $959 per oz. Calibre posted a net income of $3....Read More
Kiena mine. Credit: Wesdome. Drilling at Wesdome's (TSX:WDO) Kiena gold complex in Val D'Or, Quebec, has extended the high-grade Kiena Deep A zone downdip and confirmed the limits of existing mineralization.Drill highlights from stepout work, which extended the A zone by 100 metres downplunge to a total of 830 metres, include 10 metres of 114.8 g/t gold and 17.2 metres of 25.3 g/t gold.Highlights...Read More
Winter drilling at Colomac, NWT. Image from Nighthawk Gold. Nighthawk Gold (TSE: NHK) released results from recent drilling at the Goldcrest sill, part of its Indin Lake property in the Northwest Territories that also hosts its flagship Colomac Main project.The company drilled seven holes totalling 2,190 metres to follow up on areas identified during its three previous drill campaigns and to targ...Read More
Qube Bulk cargo. Credit: RCT. RCT, an autonomous solutions provider, has finalized a material handling project with Qube Bulk, a port logistics and infrastructure specialist, at the Whyalla Port in South Australia.In 2019, RCT installed and commissioned its ControlMaster line of sight automation solution as well as a single camera tele-remote solution onto a Liebherr R920 Excavator. Qube Bulk app...Read More
The 172.6-carat D-colour, Type IIa diamond discovered at Lucapa Diamond's Lulo mine in 2016. Image courtesy of Lucapa Diamond Company. Lucapa Diamond (ASX:LOM) and its partners Endiama and Rosas & Petalas reported on Wednesday positive results from the search for the hard-rock kimberlite source of the alluvial diamonds at the Lulo diamond field in Angola.According to the company, the first strea...Read More
Rio had moved to acquire a majority stake in Star's Fort à la Corne project, dubbed Project FalCon, in November - years ahead of schedule.Read More
Orica's share price (ORI) edged down marginally this morning on the news of its planned acquisition of Grupo Breca's 83.5% stake in Exsa, which is listed on the Lima Stock Exchange and had a market capitalisation after a circa-30% jump in its share price yesterday of about US$50 million.It plans to bid for Exsa minorities (16.5% balance of the company) via tender offers "in accordance with Peruvia...Read More
The rate of new infections in China of the Covid-19 virus seems to have stabilised, just as the death toll climbed above 2,000 and 75,193 confirmed cases of coronavirus are being monitored across the globe. However, the ripple effects the pandemic have wreaked on global supply chains are only now being felt, and questions linger on how long the impact on commodities such as zinc, lead, copper and...Read More
Share this articleVANCOUVER, British Columbia - Great Atlantic Resources Corp. [GR-TSXV] announced it has received analytical results for the fifth through tenth drill holes completed during 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 Jaclyn Main Zone.The analytical resul...Read More
Whom do you trust?Think carefully because one very important part of your portfolio depends on how you answer that question.With news of the coronavirus flooding through every conceivable media stream, it's impressive to see how wildly different the takes have been on its fallout.Panic within the oil markets has been palpable for weeks. Oil prices recently careened under $50 per barrel after break...Read More
Controversial development plans for Northern Dynasty Minerals' (TSX: NDM; NYSE-AM: NAK) wholly-owned Pebble project in southwest Alaska's Bristol Bay region, have swung further in the company's favour following the release of a preliminary version of the U.S. Army Corps of Engineers' final environmental impact statement (EIS).The executive summary of the draft EIS, recently leaked to the media, ta...Read More
The flurry of M&A transactions last year brought a much-awaited consolidation of the global gold sector. It also brought significant changes to the Canadian mining landscape: Newmont's (NYSE: NEM) takeover of Goldcorp wiped a major Canadian firm off the board, and Barrick Gold (TSX: ABX; NYSE: GOLD), while still Canadian, has undeniably shifted its focus away from the country, with few executives...Read More
Nine months after construction began on its Relief Canyon mine in Nevada, Americas Gold and Silver (TSX: USA) has poured first gold and expects commercial production to start before the end of the second quarter of the year.Relief Canyon, about 153 km northeast of Reno, was built within budget for US$28 to US$30 million.The mine is expected to produce 91,000 oz. gold per year over a 5.6 year mine...Read More
As part of U.S. President Donald Trump's proposed federal budget for fiscal 2021, his administration is requesting US$150 million annually over the next decade to stockpile U.S.-mined uranium in a new national uranium reserve.The move is designed to prop up domestic production as a matter of national energy security and re-establish the country's nuclear fuel supply chain.Trump's "Budget for Ameri...Read More
According to the 2020-21 budget document, revenue from mineral tax, fees and miscellaneous mining receipts is forecast to fall 29% in fiscal 2020-21, mainly owing to assumed weakening coal prices onRead More
Editor's Note: I've been trying to educate you about private placements like those I offer to members of Nick's Notebook. They can be extremely lucrative for several reasons, which I explain here. But it's always better to show than to tell. So below is a sample deal that members of Nick's Notebook are participating in this week. It's a high-grade silver discovery play with multi-bagger upside tha...Read More
Gold futures surpassed $1,600 an ounce on Tuesday and analysts believe the precious metal has the fuel it needs to climb to its highest level in more than...Read full newsRead More