Exxon Mobil Corp is limiting output at its flagship offshore project in Guyana to 100,000 barrels-per-day (bpd) due to more issues with the reinjection of natural gas, the South American country's environmental regulator said on Friday.Read full newsRead More
Federal approval of a controversial gold and copper mine in Alaska that would be the largest in North America may be put on hold on hold after a small group of influential Republicans launched a full-court press to block the project.Read full newsRead More
In the summer of 1925, the discovery of gold in northwestern Ontario's Red Lake region triggered the last great gold rush in North America.At the height of the gold rush, in 1926, more than 3,000 people had converged on the region.By 1936, Howey Bay, in the heart of Red Lake, was the busiest airport in the world, transporting freight and passengers in and out of the goldfields every 15 minutes.To...Read More
Do you own precious metals stocks? Precious metals such as gold and silver have long been viewed as stores of wealth for thousands of years. In fact, rapidly rising gold prices are often a pre-cursor to a colossal shift in the market.By way of example, at the onset of 2020, gold traded at just over US$1,500 per ounce. Earlier this month, gold hit its highest price ever, breaking the US$2,000 per o...Read More
Most people know Nexus Gold (TSXV: NXS; US-OTC: NXXGF) from its portfolio of five gold projects in Burkina Faso, in particular its flagship near-surface Bouboulou orogenic gold deposit.But securRead full newsRead More
We close off precious metals week with a master class on gold stock investing with Bill Fleckenstein and Rick Rule. Fleckenstein argues that there is a problem with using traditional NAV-based analysis and provides viewers with strategies to find hidden value when analyzing miners and to avoid the pitfalls that many investors fall victim to when investing in the space. Meanwhile, Rule provides hi...Read More
On August 19, the S&P500 Index reached a record high — erasing all the losses that it saw earlier this year due to the COVID-19 crisis. The U.S. stock market benchmark surpassed its previous all-time high of 3393.52 by a very narrow margin on Wednesday as it posted an intraday high of 3399.54.At 11 AM ET on Friday, the index was hovering at 3388 — not far away from its record high....Read More
The 30c units have half-warrants attached entitling the holder to buy an additional 70c share within two years.Aldebaran, spun out of Regulus Resources in 2018, says its two biggest shareholders, Route One Investment Company (49.48%) and Sibanye Stillwater (19.9%) have indicated they will take up their pro-rata share of the placement.Aldebaran is working on a new mineral resource estimate for its...Read More
The company reported a net loss after tax of US$182.7 million, including a loss of $158 million attributable to equity holders, due to COVID-19, lower commodity prices and sales volumes."The recent recovery, while welcome, does have a degree of uncertainty to it," MMG CEO Geoffrey Gao said on a conference call.Revenue fell 14% to $1.19 billion, while net cash generated from operations rose 26% to...Read More
Mastermyne CEO Tony Caruso said the company started FY21 well positioned with a record order book and a strong pipeline of projects."Like last year we will focus on our operating discipline while investing in growth of our business through whole-of-mine projects and expansion into other commodities," he said."With this order book, pipeline and growth strategy we are set up for another excellent ye...Read More
A year ago, Glencore (LSE: GLEN) announced it was halting operations at its Mutanda copper-cobalt mine in the Congo, breathing life into a market that was trading at levels 70% below its peak hit 18 months previously.Given that Mutanda is the world's largest cobalt mine and responsible for a fifth of global output in a market of only 135,000 tonnes per year, market reaction was muted. Congo domina...Read More
Iamgold (TSX: IMG; NYSE: IAG) has delayed the sale of its Sadiola gold mine in Mali, a joint venture with South Africa's AngloGold Ashanti (NYSE:AU), as the country reels from a coup, the second in less than ten years.The Toronto-based miner and its partner reached a US$105 million deal in December to sell their 82% combined stake (41% each) in the gold project to Australia's Allied Gold.The trans...Read More
AngloGold Ashanti (NYSE: AU) will have to keep trading shares in South Africa to conclude the sale of its last remaining assets in the country to rival Harmony Gold (NYSE: HMY), a government official said today.The company, which announced the sale of its remaining asset in its home country earlier this year for US$300 million, must also keep its headquarters in Johannesburg, the source from the D...Read More
Ontario's long-standing mining legacy, availability of geological data and established track record with mineral explorers, developers and producers, position it as a world-class destination for the industry. Below, we provide an overview of eight companies with assets in the province. Argonaut GoldAn aerial view of Argonaut Gold's Magino gold propery in Ontario, located 14 km southeast of Dubreu...Read More
David Daoud, vice president of exploration and geology at newly listed Sun Peak Metals (TSXV: PEAK), was part of the exploration teams that discovered the Bisha and Asmara gold deposits in Eritrea when he worked for Nevsun Resources and its sister company, Sunridge Gold, in the early 2000s.Now he believes there is an opportunity to repeat those two home-runs across the border in Ethiopia at the Sh...Read More
March 4, 1933Washington, D.C.Franklin Delano Roosevelt was inaugurated as the 32nd president of the United States, defeating Republican incumbent Herbert Hoover in a landslide victory.In his first speech to the nation as president, FDR addressed issues of his time including a devastating economic crisis (now known as the Great Depression), a staggering 25% unemployment rate, and deteriorating fore...Read More
YES! It's possible for YOU to become a millionaire on gold stocks.As I'm sure you've seen on the news, the price of gold is SOARING... turning what was already an amazing opportunity into a must-act-now, life-changing moment.How?It's all thanks to the expertise of renowned gold guru Gerardo Del Real.He's spent the last decade developing a one-of-a-kind system that pinpoints which gold stocks are...Read More
It'd been a while since I'd flown in a plane. To be honest, I didn't even like flying before the world went to shit. It's cramped, stressful, and it makes me nauseous. And now, of course, it's a little more dangerous with the pandemic. Unfortunately, though, some urgent family business called me out of state and I had to go. But now here's the good news: My flight experience was strangely com...Read More
How one man is pioneering a rice revolution with biogas Craig Jamieson (left) is a man on a mission - to develop a major bioeconomy in the rice growing regions of the world. His pioneering approach is centred on...Read full newsRead More
Emgold Mining Corporation announces that due to investor interestRead full newsRead More