Chile's Codelco, the world's largest copper producer, saw profit nosedive in the first three months of the year as prices for the metal dropped to an average of US$2.49 per lb. in the same period compared to US$2.72 a year earlier.The state-owned miner reported an 85% decline in profit to US$54 million in the first quarter of 2020, even though production climbed 6% to 361,000 tonnes.Lower costs -...Read More
BMO Capital Markets has hiked its long-run gold and silver price forecasts to US$1,400 per oz. and US$18.25 per oz., increases of 16.7% and 5.8%, respectively.The bank's long term price forecasts have been "static" since 2015, the analysts stated, noting that "changing a long-term price is not something we take lightly, or indeed do very often."In the nearer term, BMO's analysts forecast gold pric...Read More
After beginning the year by formally appointing Peter Kukielski as its CEO, and this month settling a long-drawn-out boardroom battle with its second-largest investor, Canadian copper producer Hudbay Minerals (TSX, NYSE: HBM) is setting its sights on gold.Despite strong performance at its Canadian operations, Hudbay swung to a loss in the first three months of the year, mainly due to weak base met...Read More
Week 20 (23/05/2020-28/05/2020) Company news Americas Golden Star Resources puts close to 60 workers at the mine in Ghana under quarantine but expects only limited impact on production and underground development.Sierra Metals says it's seeking approval to restart mining activities at Yauricocha as the country's state of emergency and nationwide lockdown have been extended again, to...Read More
On May 16, the USS Portland sailed out to sea, where it was attacked by an airborne drone.With one swift action, the crewmen took aim with America's newest, and most powerful, laser weapon, destroying the target mid-flight.Furthermore, the Navy was so proud of its new laser weapon (and perhaps eager to demonstrate this capability to adversaries like China) that it released footage of the test on Y...Read More
Breaking New Ground - Eldorado Gold corporate values video.Read More
Explore the raw materials of our life, how metals and minerals are used in every aspect of our lives.Read More
Matthew Pickard VP Environment & Sustainability Discusses Sabina Gold & Silver's ESG (Environment, Sustainability, ...Read More
Doug Kirkpatrick explains how leaders can help create individualized opportunities for employees in order to find the gold hidden in your workplace.Read full newsRead More
Since acquiring North Mara, Barrick (GOLD) is focused on improving the mine's water management with special importance on its tailings storage facility.Read full newsRead More
By: Ira EpsteinFirst week of June a big week in US, many places re-opening. Lay-offs a big threat still and as the largest employers, and oh boy, there are going to be problems.Gold is acting very good..Read More
On Wednesday, we released our INK May Top 20 Gold & Precious Metals Report. This month we ran into a nice problem, at least if you are a precious metals mining investor. We had so many mining stocks with Sunny INK edge outlooks, they could not all make it into the Top 20.We are running into this situation of a surplus of names more frequently. We seem to be entering a new golden period for miners...Read More
The company has identified four targets at the Decar Nickel District project in central British Columbia, referred to as Baptiste, Sidney, Target B and VanRead full newsRead More
Adamera Minerals Corp. announces a non-brokered private placementRead full newsRead More
Loop Insights Unveils Latest Global Partner, Germany-Based PasscreatorRead full newsRead More
The program, which gives investors alternative exposure to Bitcoin via mining hardware, is available to accredited investors around the world.Read full newsRead More
Futures indicate a similar result today.The World Health Organisation said there were more than 99,000 new cases reported yesterday, taking the global tally to almost 5.5 million and there had been 349,190 deaths.Base metals closed mainly lower in London yesterday as data out of China indicated its slow recovery was continuing."However, profits at state-owned enterprises dropped 46% in the first f...Read More
Canadian gold stocks after the end of the Great Recession were under significant pressure, as the price of gold nosedived. The yellow metal has been one of the few assets to have performed strongly since the start of 2020. Some analysts are tipping that gold could soar to as high as US$3,000 an ounce. This optimistic outlook is a boon for gold miners, despite the operational impact of the cor...Read More
There’s an interesting relationship between gold and oil prices. According to Market Realist, which provides institutional-quality market research, more than 60% of the time, gold and crude oil have a direct relationship.This means that when gold prices rise, crude oil prices also tend to rise, and vice versa.Right now, there’s a big disconnect between gold and oil prices. The gold pri...Read More
Aerial view of the Kiena mine complex in the Province of Quebec. Photo Credit: Wesdome Gold Mines.Wesdome Gold Mines (TSX: WDO) has released a preliminary economic assessment (PEA) for its wholly-owned Kiena mine complex, about 15 km northwest of Val-d'Or and 100 km east of Rouyn-Noranda in Quebec.The PEA estimated a mine life of eight years producing an average of 85,931 oz. of gold annually at...Read More