The S&P500, Dow Jones and Nasdaq rose as US data pointed to slowing economic growth, fuelling hopes of further interest rate cuts.Gold rose back over US$1,400 an ounce and was worth close to US$1,419/oz on the spot market earlier.The world's biggest gold miner Newmont Goldcorp (NYSE: NEM) touched a one-year high intraday and closed up 0.8%.Iron ore has continued to rise, to $127.15 per tonne f...Read More
It is understood they were trapped for about 24 hours after the service shaft at the Cory mine stopped operating on Tuesday afternoon.The mine was in a planned maintenance shutdown, according to reports."All 34 miners are safe and have access to water and food," the United Steelworkers union tweeted while the group remained underground.Nutrien spokesman Will Tigley told local media late Wednesday...Read More
The new company, Metso Outotec Corporation, will be run by current Metso CEO Pekka Vauramo with Outotec chief Markku Terasvasara deputy CEO along with CFO Eeva Sipila.Metso Minerals, the dominant business of Metso Corporation, was the world's ninth biggest METS company in Mining Journal's 2019 Global METS Investment Report, which had Outotec ranked at No.17.The projected €4.2 billion combined...Read More
Mining Journal sister title MiningNewsNet understands there are protestors and some temporary ‘boom gates' along the roads, but they have not impeded operations at the underground mine. MNN was unable to verify claims that vehicles are unable to travel to and from the site. It is not the first time environmental activist alliance, the Kalikasan People's Network for the Environment,...Read More
Our home is overrun with family today.Aunts, uncles, grandparents, mothers, fathers, and a gaggle of kids running around the yard, playing tag and climbing trees.We have plenty of beer in the fridge, most of it from a local brewery, but I threw a six-pack of Coors Light in the back for my uncle who refuses to drink "fancy beer."We'll nosh on hamburgers, Polish sausages, homemade sauerkraut, and pl...Read More
Partners Mountain Province Diamonds (TSX: MPVD; NASDAQ: MPVD) and De Beers seem to be ???nding their stride at the Gahcho Ku?(C) mine, in the Northwest Territories.Mountain Province owns a 49% stake in the open pit mine, while De Beers is the majority owner and operator.The partners are in the early stages of making changes in the plant that will allow them to recover larger and higher quality dia...Read More
Jean-Marc Lieberherr readily concedes that the industry he represents and speaks for - global diamond mining - has an image problem. "There are so many misconceptions about diamond mining," says Lieberherr, chief executive of???cer of the Belgium-based Diamond Producers Association. "Issues from the 1990s, like conflict diamonds that funded several African civil wars, are real scars in the history...Read More
At The Northern Miner's Canadian Mining Symposium, held at Canada House in London, U.K., Yamana Gold (TSX: YRI; NYSE: AUY) executive chairman Peter Marrone spoke on the many changes at Yamana over the past few years, and the possible avenues for growth ahead. Below is an edited transcript of the session, held on May 22, 2019.______________I hope to reflect on some of the themes that perhaps other...Read More
The update "unlocked additional value" at the Alacran deposit and added resources for the Montiel East, Montiel West and Costa Azul satellite deposits, Cordoba said. San Matias now has a 94.Read More
"And to preserve their independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude."- Thomas JeffersonA happy Fourth of July to each and every one of you...I trust that if you are reading this, it is to simply take a short break from a day of grilling, swilling, and chilling.But between the fireworks and ba...Read More
Eric Coffin sits down with Doug Ramshaw, Director of Minera Alamos, to discuss the company and why he recommended the ...Read More
Great Bear Closes C$10.9 Million Over-Subscribed Bought Deal Private Placement.Read full newsRead More
Pancontinental Resources Corporation (TSXV:PUC) has released its PUC monthly report, which updates its shareholders on the company's activities as well as trends in the battery and gold sectors.Read full newsRead More
August Gold pulled a Pearl Harbor on bears and skeptics Tuesday, reversing early morning weakness with a surprisingly sharp rally. I'd expected another two weeks of corrective action myself after bullion's impressive run-up in June. However, the chart shows the futures to be bound most immediately for at least 1446.90. If so, that would be a new recovery high and an encouraging sign that even b...Read More
By: Ira EpsteinGold needs to break $1,427.80 then $1,446. Something is brewing in gold:Read More
The prime reason for the rise in gold is short covering apart from recession concerns. Trade war is here to stay. IMF chief Lagarde moving to lead European central bank chief is also one the possible reason. Investment demand is on the higher side with every rise in gold price. Hopefully silver will now try and catch up with the gold price rally. Opec has expressed concerns over a weak demand....Read More
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