However it said the figure only scratched the surface of the work being done by members and cited in-kind efforts, along with other support for health care including the donation of hospitals.The briefing noted in South Africa, Anglo American had made its Highveld Hospital available for treating COVID-19 cases and AngloGold Ashanti had donated two hospitals.It said Gold Fields' South Deep mine had...Read More
I just returned from a three-week break at my vacation home in Longboat Key, Florida. I consider Longboat Key my paradise. Technically it is an island on the Gulf Coast. There's a bridge at the north end of the island and a bridge at the south end.About nine miles long, Longboat Key is nestled in between the more celebrated towns of Anna Maria Island and Siesta Key.But unlike those towns, Longbo...Read More
June 11, 2020 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce the start of its 2020 exploration program at its wholly owned Thorn Project located in the Golden Triangle of British Columbia. Over the winter months Brixton compiled 154 assessment reports to cover its recently acquired mineral claims. In addition, the Company engaged Fathom Geophysics to a...Read More
Results from the second phase of Minera Alamos' (TSXV: MAI) drill program at its wholly owned Santana project in Sonora have expanded mineralization at the Nicho zone to the southwest and suggest potential for additional extensions at depth.The company's most recent release includes eight drill hole assays - seven are from the Nicho zone while one is from the Divisadero target area.The highlights...Read More
Since its first sale through its Clara sales platform in late 2018, Lucara Diamond (TSX: LUC) has sold US$12.1 million worth of diamonds using the digital technology.The sales platform is designed to modernize the diamond sales process - uploading scanned images of each stone, selling each diamond individually, meeting exact manufacturer specifications, and, as opposed to an auction process, allow...Read More
Silvercorp Metals (TSX: SVM; NYSE: SVM) has decided not to match a third-party superior bid for Guyana Goldfields (TSX: GUY), and said that if the takeover target terminates an agreement they signed in April, it would have to pay the company $9 million (US$6.7 million).The Vancouver-headquartered miner, which produces silver, lead and zinc from mines in China, originally offered $105 million (abou...Read More
BHP (NYSE: BHP; LSE: BHP) will place on hold part of its expansion plans for its South Flank iron ore project in Western Australia (WA), which would have destroyed dozens of sacred Aboriginal sites.The move follows a national backlash over Rio Tinto's (NYSE: RIO; LSE: RIO) blasting of a 46,000-year-old indigenous site last month in the resource-rich Pilbara region.Western Australia's Aboriginal Af...Read More
George Floyd has galvanized the world in a manner that countless other race-related murders have not. It is a moment to be seized and First Cobalt has lent its voice to change on Twitter:FCC: https://twitter.com/FirstCobalt/status/1269470197125124098Trent: https://twitter.com/TrentMell/status/1269473735150624768It is important for all of us to participate in the global dialogue that was provoked...Read More
Evrim Resources (TSXV: EVM) is combining forces with Renaissance Gold (TSXV: REN; US-OTC: RNSGF) in a 'merger of equals' and forming a new company called Orogen Royalties that will focus on project generation and royalty creation.The boards of both companies have approved the transaction, which will see each Renaissance share exchanged for 1.2448 Evrim shares. Once completed, Renaissance and Evrim...Read More
Julian Kettle, vice chairman of metals and mining at WoodMac, presented his ‘slump scenario' this week via webinar.Read More
George Floyd has galvanized the world in a manner that countless other race-related murders have not. It is a moment to be seized and First Cobalt has lent its voice to change on Twitter:No one is born hating another person because of the color of his skin, or his background, or his religion. People must learn to hate, and if they can learn to hate, they can be taught to love, for love comes more...Read More
The law of unintended consequences is - as far as laws go - a pretty interesting one.It's been used by famous philosophers and economists, from Adam Smith's "invisible hand" to John Locke's interest rate experiments, to explain away the problem of trying to predict things.It boils down to this: the actions of people and governments always have effects that are unanticipated or unintended. Viruses,...Read More
- The federal government of Nigeria has commended Heritage Bank for being part of a valuable private sector collaboration with Dukia Gold & Precious Metals Refining Co. Limited, saying the partnership will create new opportunities for Nigeria to grow its potential reserves of 200 million ounces of gold. The Vice President, Yemi Osinbajo, disclosed this during a virtual meeting at the launch of nat...Read More
Rising demand for gold, more cost-disciplined miners and undemanding valuations could lead to an increase in mergers-and-acquisitions activity in the gold...Read full newsRead More
Dave Kranzler, Investement Research Dynamic's Mining Stock JournalThe bullion banks - at least on the Comex - have reduced their risk exposure to gold and silver derivatives over the last several months, which means reducing their short exposure. This is likely in response to the rising risk that they will be unable to meet increasing long-side counterparty delivery demands.Chris Marcus of Arca...Read More
By: Ira EpsteinOil API data not bullish, not consistent draws. Gold having a good start to the week, August chart breaks to neutral pattern..Read More
While it was easy to miss in the wake of the Fed meeting, bitcoin has edged closer to $10,0000. For the past couple of weeks, it has been consolidating, so we shall see if it can sneak across that psychological barrier. On INK Ultra Money we heard from Arthur Hayes, CEO and co-founder of BitMEX a cryptocurrency exchange and derivatives platform. It is a timely interview as signs are pointing to i...Read More
FORT FRANCES - The Ontario government is investing more than $1 million through the Northern Ontario Heritage Fund Corporation (NOHFC) in two Rainy River agricultural projects, creating three jobs.Rainy River Future Development Corporation is receiving $1 million to begin a two-year tile drainage program in the Rainy River district. Tile drainage is a common land-improvement practice that creates...Read More
Tesla shares breached the $1,000 threshold in intraday trading for the first time on Wednesday.Read full newsRead More