Ecuador-focused miner SolGold (TSX: SOLG; LSE: SOLG) said today that it had received $100 million from streaming company Franco-Nevada (TSX: FNV; NYSE: FNV), which it will use to progress its Alpala copper-gold project through to final feasibility and a development decision.The funding is part of a net-smelter royalty finance agreement (NSR) between the parties agreed in May, which guarantees Fran...Read More
The "digital economy vs. the hands-on economy."That's what the talking heads are now calling sugar daddy Jerome's (otherwise known as Fed Chairman Jerome Powell) "by any means necessary" approach to inflating the biggest asset bubble most of us will ever see.In the real world, the debacle that is the U.S. handling of the COVID-19 virus is leading those in the real world to some all-too-real choice...Read More
Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or the "Company") reports the results for the first quarter ended July 31, ...Read More
President and CEO Robert Eadie explains why he is excited for the future of Starcore International Mines (TSX:SAM) ...Read More
Bruce McLeod CEO of Sabina Gold & Silver speaks at Mines & Money 5@5 Virtual Round table for the latest developments at ...Read More
At least 50 people are thought to have died when an artisanal gold mine collapsed near Kamituga in the east of the Democratic Republic of Congo on Friday afternoon, a local mining NGO said.Read full newsRead More
KINSHASA, Congo (AP) - More than 50 people are dead after landslides caused the collapse of three artisanal gold mines near the city of Kamituga in eastern Congo's South Kivu province on Friday, officials said.Read full newsRead More
At least 50 people are thought to have died when an artisanal gold mine collapsed near Kamituga in the east of the Democratic Republic of Congo on Friday afternoon, a local mining NGO said.Read full newsRead More
While the markets have moved higher this week, there is a lot of uncertainty surrounding investors. The V-shaped recovery since March has surprised Bay Street experts who think the market is not in sync with the economy, as Canada’s unemployment rates continue to remain high amid sluggish consumer demand.Warren Buffett-owned Berkshire Hathaway recently published its 13F filings, and it was q...Read More
The COVID-19 pandemic has taken a terrible toll. In many countries, cases continue to rise. Everyone, including the stock market, is hoping for a quick vaccine — our best chance at a return to normalcy.But the future is still uncertain. A vaccine may not arrive for years. If one is discovered this week, it could take many months to secure approvals, scale manufacturing capabilities, and dist...Read More
Sep 10, 2020 (Financial News Media via COMTEX) --FN Media Group Presents Oilprice.com Market Commentary London - August 27, 2020 - What do the founders and...Read full newsRead More
De Beers, the world's largest diamond producer by value, revealed today that it made about three times as many sales of roughs in the seventh sales cycle of the year as it did in the previous event.The Anglo American unit, which sells diamonds to a handpicked group of about 80 buyers ten times a year at events called sights, sold US$320 million worth of rough diamonds in the seventh cycle. That co...Read More
Rio Tinto (NYSE: RIO; LSE: RIO) CEO Jean-S?(C)bastien Jacques will step down by the end of March next year over a mounting backlash against the company's decision to destroy ancient Aboriginal heritage sites in Western Australia.The world's second-largest miner said two other senior executives - iron ore boss Chris Salisbury and corporate affairs head Simone Niven, who had responsibility for Indig...Read More
"Where are you going to find experienced lithium miners? That's like finding unicorns," laughs James Brown, the managing director of Western Australian resources firm Altura Mining. Brown is the next best thing. Hailing from a family five generations deep in coal mining, the burly Queenslander never imagined he'd be applying his expertise to digging out a key building block of a low-carbon economy...Read More
"Where are you going to find experienced lithium miners? That's like finding unicorns," laughs James Brown, the managing director of Western Australian resources firm Altura Mining. Brown is the next best thing. Hailing from a family five generations deep in coal mining, the burly Queenslander never imagined he'd be applying his expertise to digging out a key building block of a low-carbon economy...Read More
Daily Chart of GOLD with 40-Day Moving AverageRead full newsRead More
Stock markets turned volatile recently, as the tech sector exhibited surprising weakness. TSX stocks at large took a breather from their upward march and lost approximately 4% since last week. Interestingly, this interim weakness should be seen as an opportunity for long-term investors.Let’s discuss two Canadian bigwigs that offer solid growth prospects despite the recent selloff.Barrick Gol...Read More
Welborn now holds 4.2 million shares, with a further 4.6 million shares vesting at various periods between now and mid-2023 depending on performance hurdles being met.Read More
"Whilst the market has been defibrillated, we think it will remain in intensive care for some time, although any improvement is good news for the smaller pure play producers with weak balance sheets," said BMO analyst Edward Sterck.Having suspended its third, fourth and fifth sightholder sales in March due to COVID-related disruptions, De Beers' sixth and seventh sales cycles yielded revenues of U...Read More
Jacques will step down from his role as an executive director and CEO of Rio, but will remain in the role until the appointment of his successor or March 31, 2021, whichever is earlier.Read More