Image courtesy of Pixabay The Society for Mining, Metallurgy & Exploration (SME) announced Friday it will present the International Conference on Ground Control in Mining (ICGCM), to be held July 28-30, 2020 in Canonsburg, Pennsylvania.The three-day symposium will be attended by practitioners from across the globe.Dr. Syd S. Peng created the ICGCM in 1981 to provide a forum to promote communicati...Read More
Bloom Lake Mine. Image by Champion Iron. Champion Iron (TSX: CIA) has announced it will gradually ramp up operations at the Bloom Lake mine in Quebec after the provincial government declared mining to be a "priority service."On March 24, Champion announced the ramp down of operations following restrictions imposed by Quebec, now lifted. "The company continues to work with the surrounding First N...Read More
Rio remains the industry leader in technology. Image from Rio Tinto. Mining companies' will be able to weather the year despite the covid-19 pandemic, owing to having vastly streamlined their operations, cut debt and expenditures, and increased production efficiencies, Fitch Solutions forecasts in its most recent report. Fitch anticipates most metal prices faring worse than in 2019 and the glo...Read More
PHIL Rear Eject Body Credit: Philippi-Hagenbuch Philippi-Hagenbuch, a global leader in off-highway truck customization, has announced production of its patented Rear Eject Body will begin in Brazil in the second quarter of this year. The company's line of Rear Eject Bodies offers an ideal solution for challenging hauling applications in construction, mine reclamation, and underground hauling sett...Read More
Tesla CEO Elon Musk at groundbreaking ceremony at the Tesla Shanghai Gigafactory in January 2019. Credit: Tesla. China on Thursday announced changes to purchase incentives for electric and hybrid cars, locally referred to as new energy vehicles (NEV), which earlier this month was extended for two years until the end of 2022. Under the modified policy, subsidies are reduced year-on-year through t...Read More
4/24/20Gold MinersOn a technical note, GDX, GDXJ, and SIL (silver miners), put in a bearish "doji" yesterday on the daily charts. The "wick" that you can clearly see, most times indicates we've hit a temporary top in the larger gold and silver miners. I don't expect much of a pullback, but if you're looking to buy into producers that you missed much cheaper, you may get a slight discount from here...Read More
No uptick required for short selling! It's total insanity..... Shorting with no uptick required...creating chaos and damaging marketsThis first paragraph is a letter we received from a professional investor and money manager for many decades. As follows:The question is and always has been are the stock markets primarily for the investing public or for the banks' and brokerage houses' pr...Read More
New World's first drilling at the project was headlined by 5.5m grading 2.5% copper and 11.8% zinc, and 3.9m at 4.2% copper and 11.Read More
March quarter production was 91,911 tonnes of copper, down 24% quarter-on-quarter, and 52,957t of zinc.Copper production was impacted by a 28% drop in output at Las Bambas in Peru to 73,319t due to operational challenges and community blockades which temporarily restricted inbound and outbound logistics.The site faced additional disruptions to mining and production activities due to maintenance re...Read More
Share this articleBarrick Gold Corp. says it will pursue all legal avenues to prevent what it's calling the "nationalization without due process" of its Porgera gold mine in Papua New Guinea.Barrick, the operator, and Zijin Mining Group of China each own 47.5 per cent of the open pit and underground gold mine.In a news release, Barrick says it applied for an extension of its special mining lease...Read More
Today is Thursday, April 23, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,735.65. It's up 0.18% from yesterday and up 36....Read More
Ubique Minerals (CSE: UBQ, OTCMKTS: GRNBF) is a zinc exploration company, focused on further exploring and developing their Daniel's Harbour zinc properties, strategically situated in Newfoundland, Canada. We learned from Dr. Gerald Harper, Director and CEO of Ubique Minerals, that Daniel's Harbor is a past-producing, very high-grade zinc mine that produced eight million tons of premium zinc conce...Read More
Today is Thursday, April 23, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Baker Hughes (NYSE: BKR), QEP Resources (NYSE: QEP), and Green Plains Partners LP (NASDAQ: GPP).Baker Hughes (NYSE: BKR)Baker Hughes (NYSE: BKR) is a $13.98 billion company today with a one-year return of -51.17%. Let's look at its price-to-earnings (P/E) ratio, its enterprise-...Read More
Gold bulls rejoice!Bank of America just increased its 18-month price target for gold to $3,000 an ounce in a report this week titled, "The Fed Can't Print Gold."Analysts at BOA were already calling for higher gold prices, forecasting a record $2,000 per ounce. But due to an extreme amount of stimulus from central banks around the world stemming from the COVID-19 response, BOA now predicts the gold...Read More
After signing a deal with Barrick Gold (TSX: ABX; NYSE: GOLD) to earn a 70% stake in its Pueblo Grande project in the Dominican Republic earlier this month, Precipitate Gold (TSXV: PRG) plans to focus on the Copey Hill target at its Ponton project, 20 km away.The Copey Hill target, which has never been drilled, is hosted by the Los Ranchos Formation, the same prospective rocks that host Barrick's...Read More
Papua New Guinea (PNG) is set to take control of Barrick Gold's (TSX: ABX; NYSE: GOLD) Porgera mine after refusing to extend the company's lease on environmental and social grounds, Prime Minister James Marape said today."In the best interests of the state, especially in lieu of the environmental damages, claims and resettlements issues, the Special Mining Lease will not be renewed," Marape said.T...Read More
Haywood Securities has cut its base metal price forecasts for 2020 due to the COVID-19 pandemic.The investment dealer expects copper will cost US$2.45 per lb. (from its previous estimate of US$2.90 per lb.) and forecasts a copper surplus this year of up to 1 million tonnes "in what had been expected to be a balanced market.""While production disruptions in key producer countries will remove signif...Read More
Silver prices have dropped sharply year-to-date and are currently down 13.2% year-on-year at US$15.29 per oz., but the Bank of America (BofA) says its supply and demand model suggests that prices below US$15 per oz. "are hard to justify even now," and predicts that prices could reach US$20 per oz. in the next 12 months.By looking at the trajectory for the Euro against the U.S. Dollar and real exch...Read More
I spent the better part of yesterday afternoon flying a kite..."It's a breeze," I told my daughter, my dad jokes reaching ever new lows during the quarantine. "As soon as the wind picks up, you start running towards it."After I handed her the kite, I stepped back to watch with fatherly pride. What a wonderfully honest and pure way to escape the mounting dread of life during coronavirus. Fresh air,...Read More
The Fed Can't Print Gold - Big Biz Show Bruce McLeod, CEO, Sabina Gold & Silver Interview TSX: SBB, OTC: SGSVF Developing ...Read More