National Bank advised SilverCrest the reason for the purported termination was based on the "disaster out" clause of the financing agreement due to the subsequent sharp decline in the explorationRead More
Under normal circumstances no-one in mining would complain about discounted diesel in the pits, or lower energy costs for processing plants, but these are far from normal times.Read More
The main aim of the consortium is to collectively help to eliminate the obstacles to the adoption of green hydrogen technologies and encourage innovative application.The goal is to identify opportunities to develop green hydrogen technologies for the resources sector and other heavy industries, and provide a mechanism for suppliers and operators to contribute to and engage with these development a...Read More
He said the department's health and safety inspectorate, working with the mining companies and labour unions were on "high alert" and testing the level of preparedness.South Africa had 62 confirmed COVID-19 cases, 11 new, the World Health Organisation said yesterday.After meeting with the Minerals Council South Africa leadership, Mantashe said a 10-point plan had been developed, in line with healt...Read More
How low can oil go?After watching WTI crude tumble another 10% this morning, all bets are off on when we're going to see the bottom.In fact, we haven't seen a barrel of black gold cost so little since September of 2003.A double-edged sword is slicing through the fundamentals in the oil sector, and nobody is given quarter in this price crash.When prices crashed under $30 per barrel, the smart money...Read More
Drilling at BTU Metals' (TSXV: BTU) 197-sq.-km Dixie Halo project in Ontario's Red Lake district returned continuous volcanogenic massive sulphide-style mineralization over 300 metres, starting at surface, with metal grades increasing with depth.Hole 19-25 includes a 173-metre interval grading 0.35% copper-equivalent, starting at 182 metres down-hole. Within this interval are higher-grade section...Read More
The decline in the copper price accelerated on Wednesday, as pandemic fears grip global markets and mining companies announce a wave of production halts and project construction suspensions.Copper trading in New York fell by as much as 8.8% to US$2.11 per lb. (US$4,650 a tonne), the weakest level since October 2016. The copper price is now down more than 25% from its 2020 high, near the end of Jan...Read More
Several mining companies have been directly affected by Covid-19 outbreaks, and global restrictions to encourage social distancing have meant some mining projects have either slowed or shuttered,Read More
We're going big. That was the message from the Federal Reserve and the Federal government this week. "This is war," they said. So they unleashed the BAZOOKAS.The Fed's Jerome Powell strutted to the mic on Sunday as fear gripped the world. The economy came into this on sound footing, he lied, repeatedly, as he cut rates to zero. And that was after he unveiled $1.5 TRILLION in new repo and QE oper...Read More
Rambus/PlungerThe great debate on whether we're going to see inflation or deflation has been answered in spades. For years some of the greatest minds of our time have discussed this issue in great detail with each side giving probable reasons as to why we'll see either inflation or deflation. Both sides can make great points to their arguments but in the end only one side will win the battle tha...Read More
If you're feeling depressed because your retirement fund has been cut in half by the Covid-19 avalanche on Wall Street, take heart because you may have a good chance to get it back. Yeah, I know, I wrote here only last week that the bear market would stretch on for years, bankrupting us all and ushering in the Second Great Depression. But watching the spectacular collapse of Boeing shares has ma...Read More
The fall in gold will clear some short term investors and also result in a big increase in long term investors. Both gold and silver are good long term investment opportunities. In the short term gold and silver will see a see-saw type prices moves like yesterday. Global financial markets have to stabilize for gold and silver to for a short term direction. In the very short term both gold and si...Read More
"VIDEO - Expect more M&A activity in the #mining space this year - and not just in #gold, @RedCloudSec analysts said at #PDAC2020. Watch the interview at https://t.co/3csZn5rng6 #INNatPDAC #investing"Read full newsRead More
"@graddhybpc If the chart from Feb 28thRead full newsRead More
"The Zacks Analyst Blog Highlights: Legg Mason, Harmony Gold Mining Company, Lumber Liquidators, Charah Solutions and Barrick Gold https://t.co/PWRnH190DS"Read full newsRead More
"You don't ever want a crisis to go to waste.Read full newsRead More
The fund is based in the Swedish capital of Stockholm.Read full newsRead More
Laurion Mineral Exploration is pleased to announce the commencement of an IP survey as part of the 2020 exploration program at the Ishkoday Project.Read full newsRead More
"Investors: This is exactly what we want..And now is the time to look at #juniorgold! Its cheap with a good #market advantage$SMN just started drilling and for good reason #DueDiligence #SanMarcoResources #BuckProperty #Zinc #Silver #Gold #MomentumStockshttps://t.co/e21vNL3CJd"Read full newsRead More
The federal government is set to present a major support package to both aid families and businesses, as well as stimulate the economy on Wednesday, expected to include measures to put money directly into Canadians' hands.Read full newsRead More