Rio Tinto has completed a 10-hole bulk sample at Star Diamonds' Star-Orion South project in Saskatchewan using a Bauer trench butter rig. Credit: Rio Tinto Star Diamond has begun to receive results from Rio Tinto's bulk-sampling program at the Star-Orion South project in central Saskatchewan.Rio has so far processed material from four of the 10 trenches excavated from the Star kimberlite at the...Read More
Goldlund Project (Credit: First Mining Gold). Treasury Metals and First Mining Gold reported high-grade intercepts from drilling at the Goldlund project in northwestern Ontario, completed to define the mineralization in the eastern portion of the existing resource.In June, Treasury announced that it was acquiring the Goldlund project from First Mining - the transaction is expected to close by...Read More
Castillo, which is already listed on the ASX and is seeking to capitalise on growing demand for copper, is looking to progress exploration projects in Australia and Zambia.Read More
Equipment, parts and service revenue was down a hefty 30%, year-on-year, in the June quarter, to DKK3,846 million (US$608 million), while orders slumped 32% yoy to DKK3,348 million (US$529 million) and EBITA fell 73% yoy to DKK131 million (US$20.7 million).While the company said it dedicated "a lot of attention [during the quarter] to assessing and managing the pandemic's impact on our business &h...Read More
My cousin started out on a hard road. He was in the middle of a pack of nine siblings with an absent father and a single mom who worked as a secretary at the local Macy's. They never had enough money, and I remember my grandfather converted the single garage of their duplex into a bedroom for the three boys.After dropping out of college and washing out of Ranger training, my cousin started working...Read More
Gold's rally took another upturn on Tuesday, as it surpassed US$2,000 per ounce.By midday, spot gold had hit US$2,009.20 per oz., and at press time in Toronto had reached US$2,019.40 per ounce.Bullion has surged more than 30% this year to a record high and is one of the best-performing assets in 2020 as a result of increased safe-haven demand during the coronavirus pandemic.Investors are driven...Read More
Malaysia has approved Australian rare earths miner Lynas Corp.'s (ASX: LYC) application to build a permanent disposal facility for waste treatment, a minister said on Tuesday.The miner, the world's only major producer of rare earths outside China, can now proceed with construction of the waste plant, on a site identified by the Pahang state government, Khairy Jamaluddin, science, technology and in...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD), the world's second-largest bullion miner, said today that Canadian junior Skeena Resources (TSX-V: SKE) has decided to exercise an option to acquire a 100% interest in the past-producing Eskay Creek property.Discovered in 1988, the Eskay Creek mine in British Columbia's Golden Triangle was, according to Skeena, once the world's highest-grade gold mine and the f...Read More
Star Diamond (TSX: DIAM) has begun to receive results from Rio Tinto's bulk-sampling program at the Star-Orion South project in central Saskatchewan.Rio so far has processed material from four of the 10 trenches excavated last year from the Star kimberlite at the project, but full results have only been reported from the first trench - 19 FALCT001.A total of 2,517 commercial-sized diamonds weighin...Read More
Silver producer Pan American Silver (TSX: PAAS; NYSE: PAAS) has updated the resource estimate for the La Colorada skarn deposit near its wholly owned La Colorada underground mine in Mexico's Zacatecas state.Inferred resources now stand at 100.4 million tonnes, grading 44 grams per tonne silver, 0.2% copper, 1.77% lead and 4.29% zinc, containing 141 million oz. silver, 199,000 tonnes copper, 1.8 mi...Read More
This week's episode features a wide-ranging interview with Teck Resources president and CEO Don Lindsay at the Canadian Mining Symposium on June 17, 2020. Northern Miner editor-in-chief Trish Saywell asks Don how he started in mining, how the company views the Chinese and Indian markets, as well as the oilsands and ESG, and the shift of its core business towards copper and its QB2 project.Don R. L...Read More
While the stock market is within a couple percentage points of all-time highs, gold is now testing the $2,000-per-ounce mark.This may seem counter-intuitive with both rising at the same time. In some ways it is, but it isn't.It isn't just a doom-and-gloom counter-narrative, though plenty of gold haters always see any rise in gold prices that way.Instead, what we're seeing is the formation of a lon...Read More
The days are getting hotter -- and so is the market's interest in the yellow metal.Read full newsRead More
(Kitco commentary) - You may have heard that gold typically rallies seasonally from the middle of the year. This trend is driven by jewelry demand, which increases ahead of the Christmas business, the Indian wedding season and the Chinese New Year celebrations on the back of advance purchases by jewelers, which tend to put upward pressure on prices.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 INK CIN made a strong charge before finally pushing up and through the milestone 1,000 level. It rose 32.75 points, or 3.3%, and closed at 1018.85, flourishing 6.6% in the last month alone.MACD jumped 1.51 points to 1.82 points. RSI accelerated 7.72 points, or 12%, to 70.38...Read More
India Business News: India's refined fuel consumption in July slipped from June, according to preliminary industry data, indicating slower industrial activity as high retaRead full newsRead More
The rush for bullion, unsurprisingly comes amid the worst public-health crisis in generations, but what does the climb in the centuries-old haven asset mean...Read full newsRead More
Market NewsRead full newsRead More
When Mike Green of Logica Capital Advisors posted his thoughts on the direction of stocks March 26th, he suggested there was almost an inevitability of higher equity prices. In making his dispassionate and prescient bullish call he said: Then the unavoidable conclusion is that markets could aggressively reprice higher as money flows into passive strategies; this becomes particularly true if the...Read More
Stephanie Kelly, Koustav Samanta, Bozorgmehr SharafedinRead full newsRead More