Share this articleMajor Positive Possibilities for Mining IndustryRENO, Nevada, July 28 2020 - Itronics Inc. (OTC:ITRO), an emerging "Cleantech Materials" growth Company that produces GOLD'n GRO Multi-Nutrient Fertilizers and Silver, updates its proprietary Rock Kleen Silver/Gold Tailings Processing Technology development which was described in detail in a press release dated April 2, 2020.Itronic...Read More
Gold and silver are running. Overnight gold hit $1,974 an ounce, and silver hit a high of $26.27 an ounce. Silver hit a low of $11.76 on March 15 before going on an epic 123% run over the next four months. This morning the precious metal duo has pulled back to $1,922 and $23.75, respectively.Here are five reasons to buy the dip: Yesterday, the U.S. Mint said it has reduced gold and silver coin s...Read More
Argonaut Gold (TSX: AR) has reported high-grade intercepts from its phase two drill program at the company's wholly-owned Magino gold project in Ontario, 14 km southeast of Dubreuilville.The phase two drill program targeted high-grade mineralization identified during the phase one program at the property's Elbow zone, situated below the proposed pit at Magino.Highlights include drill hole MA20-04...Read More
The U.S. Mint has reduced the supply of gold and silver coins to third-party distributors as the coronavirus pandemic slows down the production of coin currency.The Mint's New York-based facility is evaluating risks to employees to curb the spread of the virus, thereby slowing production for the next 12 to 18 months, Bloomberg reported, citing internal documents.The nation's coin maker, which is i...Read More
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 the Northwest Territories, 200 km north of Yellowknife.At Colomac, total indicated resources now stand at 25.9 million...Read More
Gold prices held steady after a record-breaking rally that saw the spot price hitting new highs and futures touching US$2,000 per oz. for the first time.Spot gold continued its historic run earlier on July 28, setting a fresh all-time high of US$1,980.55 per oz. before pulling back on investor profit-taking. Spot was up 0.3% at US$1,950.17 per oz. by 11:20 a.m. EDT.U.S. gold futures returned to US...Read More
This week's episode features the second of a two-part interview with Iamgold president and CEO Gord Stothart at the Canadian Mining Symposium, held on Zoom on June 16, 2020. Online editor Adrian Pocobelli asks Gord about mining in Canada, tailings dams, and working with local communities.Gordon Stothart joined Iamgold at the end of 2007 as COO, moving to the position of president & CEO on March 1s...Read More
Rio Tinto (NYSE: RIO; LSE: RIO) says it has made a "promising" discovery in Western Australia, 2 km east of its Winu copper-gold project, which is on track to begin production in 2023.The world's second largest miner also reported a maiden resource for the Winu deposit, reporting 503 million inferred tonnes grading 0.45% copper-equivalent at a 0.2% copper-equivalent cut-off grade. The resource inc...Read More
The S&P/TSX Venture Composite Index rose by 2.5% to finish the July 20-24 trading week at 691.39, with spot gold finishing the week at US$1,901.30 per oz., a rise of US$91.00 per oz. from the previous week. Shares of Blackrock Gold jumped by 195.35% to $1.27 per share. The junior released initial drill results from the Victor target at its wholly owned Tonopah West project in western Nevada. Hig...Read More
The Dow Jones Industrial Average fell 0.76% to 26,469.89 and the S&P 500 fell 0.28% to 3,215.63. Spot gold jumped US$91 per oz., or 5.03%, to finish the July 20-24 trading week at US$1,901.30 per ounce.Shares of First Majestic Silver rose to US$13.28 per share, up 25.28%. The company reported second-quarter production of 3.5 million oz. silver-equivalent, consisting of 1.8 million oz. silver and 1...Read More
The S&P/TSX Composite Index fell 0.78% to 15,997.06 during the July 20-24 trading week. The S&P/TSX Global Mining Index rose 1.48% to 98.48, and the S&P/TSX Global Base Metals Index fell 3.22% to 99.14. Spot gold jumped US$91 per oz., or 5.03%, to US$1,901.30 per oz., and the S&P/TSX Global Gold Index rose 5.43% to 386.5. Shares of Nevada Copper fell by 6.67% to 14 ? per share. On July 23, the c...Read More
Construction at Minera Exar's Caucharí-Olaroz development was suspended three weeks ago after two workers tested positive for COVID-19.Lithium Americas said it had become aware of press reports indicating Jujuy had commenced proceedings related to Minera Exar's implementation of provincial COVID-19 health and safety protocols."Minera Exar and the shareholders take these claims seriously and...Read More
Triumph Gold Corp. (TSX-V: TIG) is a growth-oriented, Canadian-based, precious metals exploration and development company, currently advancing the district scale Freegold Mountain project in Yukon. We learned from John Anderson, Chairman and CEO of Triumph Gold, that Freegold Mountain has a great advantage over others, such as the government-maintained road with access off the Klondike Highway, wh...Read More
Physical demand fell 36% year-on-year to 677 tonnes, with primary demand drivers such as jewellery, which usually accounts for about 55% of consumption, contracting 53% in the period to the lowest level seen in the past two decades.All key regions saw "severe losses" as demand was paralysed due to the virus outbreak and lockdowns in many markets, in tandem with gold's 8% rise to average US$1,711/o...Read More
Canada Nickel Company Inc. is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt ...Read More
Calcite quartz vein in midnight shaft.Read More
Gold struck a record high of $1,944.71 in Asian trading on Monday as traders piled into the \Read full newsRead More
Daniel R. Amerman, CFAAs shown in the graph below, the first half of 2020 produced an unusual change in the relationship between gold prices, stock prices and recessions, something that has only happened twice before in the last fifty years. Each of the two previous times this has occurred after a long run up in stock prices, it has been part of a cyclical change to a cycle favoring gold over st...Read More