Share this articleThe Grosso Group is the management company for Golden Arrow Resources Corp. [GRG-TSXV; GARWF-OTCQB; GAC-FSE]. Founded in 1993, it is recognized as an early mover in mineral exploration in Argentina. The discovery of three multi-million ounce precious metal deposits and partnerships with industry majors such as Barrick, Viceroy/Yamana, Teck and Rio Tinto makes it clear Argentina h...Read More
Share this articleTORONTO - Barrick Gold Corp. reported a second-quarter profit of US$357 million, up from $194 million in the same quarter last year, as its realized gold price climbed 30 per cent.The Toronto-based gold miner, which keeps its books in U.S. dollars, says it earned 20 cents per share for the quarter ended June 30 compared with a profit of 11 cents per share a year ago.Revenue tota...Read More
This is Dr. Allen Alper, Editor-in-Chief of Metals News, interviewing Dr. Caigen Wang, Managing Director of Tietto Minerals (TIE.ASX), who has a 2.2-million-ounce gold resource in the Abujar, Cote d'Ivoire project in the central west of Ivory Coast. The Company has been rerated because of a major increase in the resource and grade that was based on September 2019 drill results. They recently concl...Read More
Gold is hot. Record-breaking prices and demand for gold bullion have thrust the yellow metal back into the media spotlight.With renewed attention to gold, discussions and fears have resurfaced over government confiscation. Do an internet news search for the term "gold confiscation" and you'll find many recent articles exploring the subject.Many of these articles claim the U.S. government could con...Read More
The longest and highest-grade intercept drilled so far at Ungiold's (TSXV: UGD) Nieta concession in the Dominican Republic "suggests that sulphide mineralization may have a steeper plunge to the northeast than originally interpreted, but, most importantly, it suggests that the system is strengthening to depth," CEO Joe Hamilton says.Drill hole 20-147 returned 30 metres averaging 9.02 grams gold pe...Read More
The S&P/TSX Venture Composite Index rose by 2.60% to finish the Aug. 3-7 trading week at 739.98. Spot gold continued to set new records, rising US$58.70 per oz., or 2.97%, to US$2,034.80 per ounce.Shares of Abraplata Resources jumped by 78.72% to 42 ? per share. The company increased the size of a non-brokered private placement first announced on Aug. 6 from $15 million to $18 million. Eric Sprott...Read More
Osisko Mining (TSX: OSK) has released high-grade drill results from the Lynx and Triple Lynx zones at its Windfall gold project, 700 km northwest of Montreal.Drill highlights from the 20 drill holes and 12 wedge holes include 28 metres of 202 grams gold per tonne (9 metres estimated true width); 3 metres of 171 grams gold per tonne; 2 metres of 173 grams gold per tonne; and 2 metres of 52.7 grams...Read More
Premier Gold Mines (TSX: PG; US-OTC: PIRGF) has entered into a definitive purchase agreement with Waterton Global Resource Management to acquire a 100% interest in the Getchell gold project, which lies within the Getchell gold belt near Winnemucca, Nevada.To acquire the past-producing asset, Premier will need to make a US$23-million cash payment to the vendor on closing and issue 13.8 million comm...Read More
BHP's (LSE: BHP; NYSE: BHP) Escondida and Spence copper mines in northern Chile are poised to pay a total of US$840 million for an early end to a 2008 energy contract with a coal-fired thermoelectric plant.The move follows a series of recent steps BHP has been taking to become an environmentally friendly miner, including carbon capture and storage and other innovations such as direct air capture.L...Read More
Alrosa, the world's top diamond miner by output, has found a 236-carat rough diamond of deep amber colour at one of its mines in Russia's northeastern region of Yakutia.The precious stone, thought to be between 120 and 230 million years old, is the largest coloured diamond ever mined in Russia, the company said.The diamond, described as having a "natural and intense yellow-brown colour," was found...Read More
Canada had a wake-up call this year when oil briefly traded at negative prices. It put energy diversification firmly on the agenda. While the oil industry arguably has a few years left in it, there are alternatives massing on the horizon.Clean energy is a high-growth sectorShould energy investors overlook an estimated 77.4% annual earnings growth over the next one to three years? This key uranium...Read More
Share this articleTORONTO - The chief executive of Barrick Gold Corp. said Monday the company's strategy for spending money is unchanged despite a run up in gold prices that boosted second-quarter results and prompted an increased dividend.Mark Bristow said he is actively guarding against temptation to change course."First of all, the way you do it, is you don't blow your brains out, like what hap...Read More
Lumina Gold Corp. (TSXV: LUM, OTCQX: LMGDF) is a precious and base metals exploration and development company focused on the Cangrejos Gold-Copper Project, the largest primary gold deposit in Ecuador. We learned from Scott Hicks, VP of Corporate Development and Communications of Lumina Gold, that they envision a 25 year mine life, with a large-scale open pit mine, producing about 80,000 tonnes per...Read More
The S&P/TSX Composite Index rose 2.32% to 16,544.48 during the Aug. 3-7 trading week. The S&P/TSX Global Mining Index climbed 1.41% to 102.65, and the S&P/TSX Global Base Metals Index advanced 6.13% to 88.132. Spot gold jumped US$58.70 per oz., or 2.97%, to US$2,034.80 per oz., while the S&P/TSX Global Gold Index fell 0.79% to 341.33.Gold Standard Ventures' shares jumped 29.63% to $1.40. The compa...Read More
The Dow Jones Industrial Average rose 3.80% to finish the week at 27,433.48 and the S&P 500 increased 2.45% to 3,351.28. Spot gold jumped US$58.70 per oz., or 2.97%, to US$2,034.80 per ounce.Shares of Pretium Resources advanced by 30.94% to US$12.40 with the release of second-quarter results from its Brucejack underground gold mine, located 65 km north of Stewart in British Columbia. The mine...Read More
"All the opportunities created by the merger and subsequent transactions have been seized and more have been identified.Read More
Ethos Gold (TSX-V: ECC)(OTC: ETHOF) and its President and CEO Mr. Craig Roberts should be no strangers to Outsider Club readers.We've featured him and the company several times, and we're doing so today as well in the wake of some big news.With gold soaring, Ethos is starting in a strong position and getting even stronger by making some big moves. Read on for details.To your wealth,Gerardo Del Rea...Read More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index pushed up even higher as metals and markets pushed higher yet.The INK CIN surged 28.99 points higher for a 2.85% gain on the week and closed at 1047.84 for a new 5-month high. The Index has enjoyed an impressive run and is now up 9.45% over the last 5 weeks.MACD shot...Read More
Mining plays are worth considering as indirect trades on the rising price of gold, two ETF researchers say.Read full newsRead More