Vancouver, BC July 28, 2020 - KORE Mining Ltd. (TSXV: KORE | OTCQB: KOREF) ("KORE" or the "Company") is pleased to announce the closing of the second tranche of the previously announced $7,500,000 non-brokered private placement consisting of 6,000,000 units at a price of $1.00 per unit ("Non-FT Units") and 1,000,000 units of flow through units at $1.50 ("FT Units") (collectively, the "Private Plac...Read More
Mining strips nitrogen from the soil and means the forest struggles to grow back even after mines are abandoned. Read full newsRead More
"Precious metals have extended gains with gold reaching record highs and looking set to test the $2,000 mark," Marex Spectron's Alastair Munro said from the LME desk."The surge continues for gold, with no sign that it will run out of steam any time soon," IG chief market analyst Chris Beauchamp said yesterday."It makes sense to expect further gains, especially since the intraday charts provide no...Read More
1. Gold has arrived at significant resistance in the $1900-$2000 zone. Investors need a solid plan of action to deal with the intense volatility that is currently enveloping the market.2. Please click here now. Double-click to enlarge this December futures gold chart.3. In 2011, a key futures contract traded at about $2000. That's a significant round number, and the gold pric...Read More
The gold price has shot up 37% over the past one year. Mining stocks that are closely correlated with the gold price have had a much better run. Investors who saw this trend emerging early are now sitting on incredible gains. However, the bull run in gold prices is far from over. In fact, some expert analysts believe the price of a single ounce could surge from nearly US$2,000 today to over $...Read More
While gold has rallied more than 25%, silver has been shining bright with almost 35% gain this year. Government stimulus and lower interest rates have largely fueled the recent rally in precious metals.Importantly, as volatility and uncertainty in global equity markets continue to increase, silver and gold will likely maintain the uptrend. Silver futures breached $26 levels on July 28, hitting its...Read More
There are some strong plays on the TSX for investors seeking stocks that have responded well to hints of recovery. Industrials have ticked higher on vaccine rallies, while gold has proven a reliable source of near-term capital appreciation.Indeed, it has been noted that certain gold stocks have become 2020’s answer to cannabis; such is their standout upward momentum.Some industrials could ou...Read More
When it comes to the tangible assets vs. stocks debate, the first asset class that most people think of is real estate. But after the real estate-induced recession of 2009, and the fact that most people were expecting the local housing market bubble to burst anyway, pandemic or not, it’s clear where investors are going to hedge their portfolio: gold.Gold and silver are on the rise. Silver&rs...Read More
Is the market heading for another crash? If the recent short sale report by the Investment Industry Regulatory Organization of Canada (IIROC) is any indication, it might be just around the corner. The IIROC produces a bi-monthly report that lists the shares short and the net change in number of shares short for all Canadian exchanges. Rising short sales is a sign of growing bearish sentiment....Read More
Economists, billionaires, and hedge fund managers are painting a gloomy picture, despite the current stock market rally. There’s a mystery happening, because stocks should be tanking in an economic downturn. Somehow, the market behaviour is defying logic.Don’t think you’re the only person noticing the odd situation. Robert Shiller, Mark Cuban, and Leon Cooperman are puzzled as yo...Read More
Simandou holds over two billion tonnes of iron ore reserves and some of the highest grades in the industry (66% - 68% Fe which attracts premium pricing). (Image courtesy of Rio Tinto Simandou) Rio Tinto is in discussions with the UK's Serious Fraud Office (SFO) about a possible deal under which the miner would avoid prosecution on bribery allegations over dealings for the giant Simandou iron mine...Read More
Apart from tech stocks, gold miners have notably outperformed Canadian broader markets this year. Higher gold prices have boosted gold miner TSX stocks by more than 50% so far in 2020.Barrick Gold (TSX:ABX)(NYSE:GOLD), the second-biggest gold miner globally, has been on a solid uptrend recently and has soared approximately 70% this year. It hit an eight-year high on July 27 and closed at $40.Barri...Read More
Winter drilling at Colomac, NWT. Image from Nighthawk Gold. Nighthawk Gold (TSX: NHK; US-OTC: NIMZF) has released an updated resource estimate for its Colomac gold deposits as well as a maiden underground resource for the Damoti deposit, 28 km to the south, which lie within the company's wholly-owned, 899-sq.-km Indin Lake gold property in Canada's Northwest Territories, about 200 km north of Ye...Read More
Pure Gold's Red Lake mine site. Image from Pure Gold Mining. Pure Gold Mining's 30,000-metre program at the PureGold Red Lake mine in northwestern Ontario has returned high-grade results from underground, which extend near-term stopes and suggest new zones of gold mineralization.The company's latest release includes the assays for nine holes; drill highlights include 10 metres of 12.8 g/t gold,...Read More
Spanish Mountain core shack. Image from Spanish Mountain. Spanish Mountain Gold is aiming to release a pre-feasibility study (PFS) for its flagship, wholly-owned Spanish Mountain project in the province's Cariboo region in the first quarter of 2021.After closing a C$5-million non-brokered private placement with Eric Sprott in late July, the company is now looking to complete a field program this...Read More
Nexa's Aripuan?? will be the largest mine in the state of Mato Grosso. (Image courtesy of Nexa Resources.) Global technology company ABB is partnering with Nexa Resources, one of the world's top zinc producers, to provide state-of-the-art industrial automation systems at Nexa's existing and planned operations. The first step will include modernizing the company's existing mining and smelting p...Read More
Despite beating average consensus forecasts for an adjusted loss per share of US34c and revenue of $219 million, the respective figures at -37c and $255.Read More
The JV company Minova Runaya Pvt Ltd (MRPL) is building a manufacturing plant at Bhilwara in Rajasthan to produce rock bolts, resin capsules, injection chemicals, wire mesh and ventilation products for the domestic and potentially offshore markets from early next year. The plant was said to have capacity to initially generate about US$60 million of products a year.India's mining industry has been...Read More
"Not surprisingly in this environment, we have been receiving daily inquiries from companies across the industry and world, from the West as well as China, and from streaming companies and various bank and non-bank lenders, inquiring about investing in these great projects," executive co-chairman Robert Friedland said.Ivanhoe said "a number of mining companies" had expressed interest in advancing...Read More
Share this articleCALGARY - Frankfurt-based Deutsche Bank is joining a lengthening list of European lenders and insurance companies that say they won't back new oilsands projects.The German bank said Monday its new fossil fuels policy will also prohibit investing in projects that use hydraulic fracturing or fracking in countries with scarce water supplies, and all new oil and gas projects in t...Read More