Gold grabs most of the mining headlines, especially since its recent comeback, but other precious metals such as silver and palladium are also performing well in today's market, giving miners new hope after a prolonged commodities slump.The silver price - seen as both a haven for investors and an industrial commodity - hit a three-year high above US$19 per oz. in early September, while palladium s...Read More
Greenstone Gold Mines, a 50-50 partnership between Premier Gold Mines (TSX: PGM) and Centerra Gold (TSX: CG), reports that its Hardrock gold deposit in northwestern Ontario has grown in grade and ounces from a previous estimate three years ago.The project, 275 km northeast of Thunder Bay in the Beardmore-Geraldton greenstone belt, has measured and indicated resources of 147.5 million tonnes gradin...Read More
Mining CEOs teamed up with young mining professionals in groups of four to raise money for university scholarships at the inaugural Young Mining Professionals golf tournament in Richmond Hill, Ontario. The golf tournament on Sept. 23 at the Summit Golf and Country Club raised $11,000 for the YMP Scholarship Fund, a registered charity that donates 100% of its receipts to students.Seven CEOs too...Read More
The collapse took place on October 1. Although no fatalities or equipment damage were reported, mining activities have been suspended and an assessment of the impact is underway. Mining is continuing at the company's Marvoe and Kinjor-South pits at New Liberty.The company's gold production and cost guidance was already under review and this event is likely to impact that process, although it does...Read More
Torex has sold 322,400oz at an average realised price of US$1,376/oz for the first nine months of 2019 helping the company to increase its cash balance by $52 million in the quarter and reduce its debt by more than $36 million."Safety performance matched the record setting production results. The team and asset are well positioned to continue delivering exemplary results in the future," said presi...Read More
"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so."- Mark TwainYou guys remember 2008, right?Likely, you're still trying to forget it... so my deepest apologies for peeling off an old scab.It's hard to believe that over a decade ago, banks were collapsing, the White House was having situation room meetings, and the rest of us were watching our...Read More
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