Las Chispas Underground - Image courtesy of Silvercrest Metals Inc. SilverCrest Metals (TSX: SIL, NYSE: SILV) announced on Tuesday that it will resume exploration and development work at its Las Chispas gold-silver project in Sonora, Mexico by mid-May following a temporary suspension due to national covid-19 containment protocols.The company has also reported in-fill and expansion drill result...Read More
Shipments to long-term customer Indian Potash Limited would support the important role potash played in India's food production, while Canpotex would continue initiatives to educate farmers regarding the potential value of the crop nutrient in the expanding and important market, said CEO Gordon McKenzie.Canpotex has also agreed to contracts with its traditional customers in China for potash shipme...Read More
Share this articleThe CEO of Teck Resources Ltd. is defending his company's investing strategies as dissident shareholders continue to criticize him for what they call "underperforming" investments in coal and oilsands.Don Lindsay told investors on a mining conference webcast that the Vancouver-based miner is using revenue from its legacy metallurgical coal mines toward the construction of a...Read More
Share this articleGreat Atlantic Resources Corp. [GR:TSXV] is pleased to announce it has received a permit for soil geochemical and ground geophysical surveys at its Golden Promise Gold Property, located in the central Newfoundland gold belt. The permit allows for such work within the southwest region of the property, at Gold Anomaly 1, the location identified in the following map. The Company dis...Read More
That's it, I'm done. It's over.I'm off my rocker, gone stir crazy, out of my tree. Nothing does it for me, not whiskey, not reading, not TV, and certainly not the stock market.A few days ago, the Governor of Maryland "Lockdown Larry Hogan," lifted the pinky of his left hand, and out of his kind benevolence permitted us to go outside. Hogan opened parks, beaches, sidewalks, and random corners of...Read More
Great Bear Resources (TSXV: GBR) is raising $33 million in an upsized (from $20 million previously) bought deal private placement. The syndicate of underwriters is led by Canaccord Genuity, with Great Bear issuing 1.47 million flow-through shares at $17 per share and 725,000 common shares at $11.04 each.Gross proceeds from the flow-through portion of the offering will be allocated towards eligible...Read More
RNC Minerals (TSX: RNX) is making its status as a gold-focused company official, announcing the acquisition of a third gold project in Australia, and proposing a name change to Karora Resources.RNC already operates the Beta Hunt and Higginsville gold operations in Western Australia, and holds a 28% stake in the advanced Dumont nickel project in Quebec. Now, it's signed an agreement to purchase the...Read More
NexGen Energy (TSX: NXE; NYSE: NXE) has signed a US$30 million financing agreement with Queen's Road Capital Investment (TSXV: QRC) and plans to use the funds to advance work at its flagship Arrow deposit, part of the company's Rook 1 project in Saskatchewan."Warren Gilman, chairman and chief executive officer of Queen's Road Capital, is a long-time shareholder and supporter of NexGen and also joi...Read More
Adriatic Metals (LSE: ADT1; ASX: ADT), which until now has focused its efforts in Bosnia-Herzegovina, is diversifying into neighbouring Serbia, with the acquisition of Tethyan Resource (TSXV: TETH) in an all-share deal worth US$10 million.Tethyan has two brownfield projects in southwestern Serbia: the Kizevak zinc-lead-silver project, which consists of two past-producing open-pit mines, and the Ru...Read More
This episode features excerpts from Newmont's May 5, 2020, conference call. Newmont president and CEO Tom Palmer discusses how the company is dealing with the coronavirus and its impact on mining operations. He also explains how the company's "long-term value proposition remains unchanged," with plans for further dividend increases and stock buybacks. Also, COO Rob Atkinson describes how the compa...Read More
Russia's Alrosa, the world's top diamond producer by output, saw sales for rough and polished diamonds fall to US$15.6 million in April, as the coronavirus pandemic continues to hit demand.The figure compares to the US$152.8 million the diamond miner fetched in March and the US$405 million in January.Deputy CEO, Evgeny Agureev, said restrictions to slow down the spread of the virus and falling dem...Read More
For your weekly reading, we bring you the week's most popular stories from Energy and Capital and our sister site, Wealth Daily... Investing in the Return of U.S. ManufacturingWas COVID-19 spawned in a wet market or in a biotech lab in Wuhan? Was it released into the world intentionally or was it an accident? Energy and Captial editor Jeff Siegel discusses the possible origins of COVID-19...Meat...Read More
Take a look at these two people. Both won about $3 million at premier world championships last year.Novak Djokovic is pretty easy to spot on the right. He was the 2019 Men's Singles Wimbledon champion.877,000 viewers watched him win, marking a 30% increase in viewership year-over-year, along with just over 12,000 at the No. 1 Court at the All England Club.Anyone who follows tennis knows him. How a...Read More
Ed Steer YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM09 May 2020 -- SaturdayThe gold price traded unevenly sideways to a bit lower until shortly before 1 p.m. China Standard Time on their Friday afternoon. It crept a bit higher from there until the high tick of the day was set at, or just before, the 10:30 a.m. BST morning gold fix in London. It was sold back to about the unchanged mar...Read More
By: Gary SavageThe most violent recoveries ever. The bad employment report sent markets rallying. Looking to fill the gap above before the daily cycle top..Gary SavageRead More
By: Ira EpsteinUnemployment data is not representative of the true situation. Gold's Bollinger upper band, on the monthly chart, is a resistance like a fence -- $1731 area. Weekly gold chart $26 from a record close. Is it a pennant?Read More
Canadian precious metals producer SSR Mining said it would to buy Alacer Gold in an all-stock deal valued at C$2.41 billion ($1.72 billion), adding heft as gold prices surge due to demand for the yellow metal in an uncertain economy.Read full newsRead More
Real Vision's Ash Bennington and Managing Editor Ed Harrison discuss Raoul Pal's Expert View, "Global Recession - What's Next?" If you missed or did not have access to today's premium Real Vision expert view with Raoul Pal, watch this timely free summary of Raoul's analysis where Ash and Ed take into account today's market activity. Markets appear to be entering a new phase (free)Canadian Inside...Read More
Not even in Khruschev's wildest dreams did central planners ever conceive of anything so absolutely batshit insane as what is taking place in USRead full newsRead More
Western Copper and Gold Corporation announces that, due to unprecedented interest from both new and existing shareholders, the non-brokered private placement financing announced on May 8, 2020 has been increasedRead full newsRead More