The company, which recently had to ensure the market it had no ticking debt time bomb lurking in its accounts, said the decision was made to maximise its liquidity in the uncertain age of COVID-19. The dividend pause was considered a prudent measure, and follows other companies in the mining contracting space including Perenti Global, Downer EDI, Lycopodium and Austin Engineering. ...Read More
Shares in the gold miner lost 15% Thursday after it deferred the payment of its interim dividend and withdrew full-year guidance due to the impacts of the outbreak.Read More
The demand for precious metals has hit fever pitch amid economic uncertainty and price volatility as millions around the world awaken the gold bug within.But there's one big problem: delivery.Social distancing, business closures, government lockdowns, and grounded airplanes are significantly disrupting gold's global supply routes. And it has resulted in long shipping delays, low inventories, canc...Read More
Trevali Mining (TSX: TV; US-OTC: TREVF) has temporarily suspended operations at its Caribou mine near Bathurst, New Brunswick.The company noted that the global zinc market has deteriorated and that the situation has been exacerbated by the outbreak of COVID-19.Market conditions, along with high concentrate treatment charges (TCs), make the mine uneconomic, the company said, adding that it is not o...Read More
Steppe Gold (TSX: STGO) is on track to produce 60,000 oz. gold this year at cash costs of US$500 per oz. from its heap leach mine in Mongolia, after starting ore processing on March 25.The junior has mined, crushed and stacked 533,000 tonnes of mineralized material at a grade of 2 grams gold per tonne on its leach pad at the mine, 660 km east of Ulaanbaatar.Steppe Gold is completing a feasibility...Read More
Gold-buyers have a problem...Supplies are drying up. For one thing, mining operations, like many other businesses, are closing due to the Coronavirus.You simply can't have all those people huddled together inside a mine in this day and age.So, South Africa said that it would shut down all but a few necessary mines for at least three weeks. Canadian mines in major jurisdictions like Northern Queb...Read More
Publisher's Note: We've been cranking out the content for you during this pandemic. Infection rates, deaths, markets... and governments' response to it are still changing in real time. All members of our paid services have been receiving briefs like these from our editors.I did one for you last week that you can find here. And because developments are happening so rapidly, I thought it best to sen...Read More
In this interview, professional mining investor David Erfle, the Junior Miner Junky, discusses the dramatic action in the general ...Read More
"Talisker Expands Land Position at Bralorne Gold Project and Appoints Vice President, Exploration and Resource Development https://t.co/once60NafT #Gold $TSK"Read full newsRead More
Keith Weiner, Monetary MetalsHeadline's gone wild today. For example, one public gold company CEO tweeted:"Today, some banks failed to deliver physical in the COMEX bar EFP. As a result, these banks suffered large losses...There remains a big shortage in physical in the COMEX denomination. So, rumors are, the COMEX will announce a force majeure..."Ignoring his sloppy understanding of the market...Read More
There is an old saying in Hindi "Jab tak hai sona roona kaabhi nahi roona". This is means that if you and your family own lots and lots physical gold (sona), they will never face any financial hardship in life. Forget the dash for cash. It is now the dash for physical gold. It is the dash for physical silver. You cannot buy gold. You can buy physical silver. Indians can buy silver July futures....Read More
BNN Bloomberg speaks to Peter Grosskopf, CEO of Sprott about gold mining M and A and why he thinks we're seeing the beginning of a wave of deal-making. He also thinks gold is on its way higher and investors should own gold right now.Read full newsRead More
"$CCW will have a major update soon on Northern Ontario's most significant grassroots high-grade Silver discovery in at least 40 years!???(C)??'? #Staytuned$CCW #Canadacobaltworks #Silver #Cobalt #Gowganda #Silvermine #Cobaltmine #TSXV #MomentumStockshttps://t.co/my4g4pk75G"Read full newsRead More
BNN Bloomberg speaks to Peter Grosskopf, CEO of Sprott about gold mining M and A and why he thinks we're seeing the beginning of a wave of deal-making. He also thinks gold is on its way higher and investors should own gold right now.Read full newsRead More
BNN Bloomberg speaks to Peter Grosskopf, CEO of Sprott about gold mining M and A and why he thinks we're seeing the beginning of a wave of deal-making. He also thinks gold is on its way higher and investors should own gold right now.Read full newsRead More
Glencore said Thursday its Raglan nickel and Matagami zinc operations in Quebec will be on care and maintenance for the next three weeks.Nickel from Raglan is shipped to Glencore's Sudbury op...Read full newsRead More
"Sumitomo Corporation announces temporary suspension of mining operations in response to COVID-19 (Silver/Zinc/Lead and #Nickel mining projects) https://t.co/oGDBqjOX7M"Read full newsRead More
(Bloomberg) -- From South Africa's ultra-deep mine shafts to vaults underneath London, from metals traders in New York skyscrapers to main-street sellers of coins: the global gold market is being tested like never before.The cracks are starting to show.Worldwide panic over the coronavirus outbreak andRead full newsRead More
"Tin Cup offers near-term production opportunities and the potential to host high-grade, shallow underground and open pit gold targets ???(C)??'???"???"^$NLR #CSE #Silver #AG #Zinc #PB #Arizona #MedicineSprings #SecretPass #NorthernLightsResources #MomentumStockshttps://t.co/6XNsJd0DDL"Read full newsRead More
"Customer base is declining in commercial areas and neighbourhood businesses are struggling to survive.#FlipNpic has the solution!#Checkitout???(C)Going public end of March 2020!#Geecko #Montreal #Retail #Local #MomentumStockshttps://t.co/9t7NIWGfmu"Read full newsRead More