Drill site at Kandiole Credit: Roscan. Roscan Gold (CVE: ROS) has released the results of 20 diamond and reverse circulation drill holes completed at the Mankouke South target within its Kandiole project in western Mali, which extend the mineralization down to 120 metres, from 80 metres previously.Drill highlights include 70 metres of 3.2 g/t gold, 22 metres of 5.75 g/t gold as well as 3.5 metre...Read More
Image from shutterstock. The United Steelworkers (USW) is the largest private-sector union in North America, with more than 225,000 members in Canada. The USW is Canada's most diverse union, representing men and women working in every sector of the economy.Many union members are still onthe job during the pandemic.The Right to Refuse unsafe workis a core element of workplace health and safety is...Read More
Troilus gold project is located northeast of the town of Chibougamau. (Image by 0x010C, Wikimedia Commons). Troilus Gold has released the results of three drill holes completed at the Southwest zone within its 160-sq.-km Troilus gold project, northeast of Chibougamau, Quebec; the results appear to confirm a mineralized trend of over 1 km.The drill highlights include 33 metres of 1.65 g/t gold-eq...Read More
Gold continues to rally. Credit: Matt Johnson via Flickr Gold has tallied its 4th straight session gain, continuing its rally last week, which saw the price of the precious metal reach its highest in more than seven years.Gold's latest run is spurred by cash injections to mitigate the severe impact of covid- 19 on the global economy. Governments worldwide are signing off on massive stimulus measu...Read More
Black Fox gold mine near Timmins, Ontario. (Image courtesy of McEwen Mining) McEwen Mining (NYSE: MUX, TSX: MUX) reported on Tuesday it is reopening its Black Fox mine in northern Ontario that was temporarily shut down due to covid-19 restrictions. In Q1, Black Fox produced 8,328 gold equivalent ounces.McEwan also reported consolidated production of 29,177 gold ounces and 553,179 silver ou...Read More
Share this articleMONTREAL - The Quebec government has declared that home builders, miners and landscapers provide essential services and can return to work despite COVID-19 restrictions that have brought much of the economy to a halt.Premier Francois Legault first announced Monday that some residential construction would resume with new guidelines to keep workers safe."We've ensured, along wit...Read More
Share this articleTORONTO - Agnico Eagle Mines Ltd. is taking steps to restart its operations in the Abitibi region of Quebec this week as restrictions in the province allow a gradual resumption.The gold miner's operations in Quebec include the LaRonde complex, the Goldex mine and the Canadian Malartic mine.The company put the Quebec mines on care and maintenance last month after mining operations...Read More
Seabridge Gold (TSX: SEA, NYSE: SA) holds a 100% interest in several vast North American gold resource projects. The Company's principal assets are the KSM and Iskut properties, located near Stewart, British Columbia, Canada and the Courageous Lake gold project, located in Canada's Northwest Territories. Rudi Fronk, Co-founder, Chairman and CEO of Seabridge Gold, believes we are now in a new bull...Read More
"The markets are moved by animal spirits, and not by reason." - John M. Keynes If I could get away with it I'd light off a string of curses including goats, sisters, and heinous acts that would make a gold miner blush. What the ever-loving hell are people smoking? Here is the S&P 500 ETF SPY:The NASDAQ is up 3.5% today. The Dow Jones is up 643 points. WTI crude is at $21.84 and gold is at $1,780...Read More
Hochschild Mining (LSE: HOC) has become the third major mining company to suspend its dividend due to the COVID-19 pandemic.The Peru-focused gold mining company's announcement follows Glencore's (LSE: GLEN) decision on March 31 to defer its decision on whether to proceed with the proposed cash distribution of US20 ? per share (about US$2.6 billion) in 2020, and Freeport McMoRan's (NYSE: FCX) annou...Read More
With Quebec Premier Fran??ois Legault's announcement on Monday declaring mining operations in the province an essential service, mines will be allowed to start back up on April 15, with additional health and safety precautions.In response, several miners have issued press releases announcing plans to restart their operations.The Canadian Malartic open pit gold mine, jointly owned by Agnico Eagle M...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) has inked two earn-in agreements in as many days on projects in the Dominican Republic and Argentina.The gold major is earning a 70% stake in Precipitate Gold's (TSXV: PRG) Pueblo Grande project, adjacent to Barrick's Pueblo Viejo mine in the Dominican Republic, and is earning a 70% stake in Golden Minerals (TSX: AUMN; NYSE-AM: AUMN) El Quevar project in Argenti...Read More
This week's episode features veteran mining recruiter Erik Buckland, senior client manager at Lincoln Strategy International. Buckland describes how the mining industry has held up relatively well compared to the rest of the economy, with mining jobs still in high demand. He also explained how new protocols have been developed to enact social distancing on mine sites, and how there has been an inc...Read More
Fiore Gold (TSXV: F; US-OTC: FIOGF) has completed a preliminary economic assessment (PEA) for its Gold Rock project in Nevada and provided an updated mineral resource estimate and a base case assessment for developing the project as a satellite open-pit operation that will share significant infrastructure and management with the company's Pan mine, 12 km away.Gold Rock's indicated resources increa...Read More
Is this how capitalism dies? Through decrees from what once were the ivory towers of capitalism, no less?The Fed is now up to $6 trillion of liquidity, or free money in the sense that it is taking over the role of large banks at 0% interest.Go global and we're approaching $20 trillion of central bank pledges and action.None of the questions that tempered the start of QE are being raised.There is v...Read More
Gold a hit a new seven-year high Monday, with bullion stocks moving sharply higher as U.S. futures briefly topped US$1,770 per ounce.Read full newsRead More
Gold a hit a new seven-year high Monday, with bullion stocks moving sharply higher as U.S. futures briefly topped US$1,770 per ounce.Read full newsRead More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended April-10, 2020 $BTG, $CXB.TO, $DPM.TO, $EXK, $EGO, $FNV, $WPM, $OR, $SAND, $RGLD, $GFG.V, $GBR.V, $GPL, $HL, $KL, $KORE.V, $KNT.V, $MOZ.TO, $PG.TO, $AUY, $CG.TO It's looking the suspension of mining activities have tapered off for the time being, though the mining industry has already been severely impacted. Approximately 5...Read More
Dave KranzlerThe CME/LBMA latest paper derivative product - the Accumulated Certificate of Exchange aka "4GC" - is failing. Badly. After its introduction last week there has been zero trade activity in the contract: 4GC Settlement data. The contract fabricates a paper claim on 25% of an LBMA 400 oz bar for Comex participants seeking delivery of the 100 oz Comex bar. It's an attempt to tr...Read More
Christmas of 2019 I had advised to invest in gold and silver for Easter of 2020. Now I am asking to invest in gold and silver this Easter for Christmas of 2020. Overall gold and silver will continue to rise till Christmas. Even if the corona virus pandemic gets over and a vaccine is found (before Christmas of 2020), gold and silver will continue to rise. There is an over $40 price difference bet...Read More