RNC Minerals (TSX: RNX) has entered an A$50 million purchase option agreement with Westgold Resources (ASX: WGX) to buy Westgold's Higginsville Gold Operation in Western Australia's Kalgoorlie region.RNC will pay A$4 million in shares for an exclusive 40-day due diligence period. If it exercises its option, the deal would close 30 days later and RNC would pay Westgold a further A$21 million in sha...Read More
Bullfrog Gold Corp (OTC:BFGC) ("Bullfrog", "BFGC" or the "Company") is pleased to announce the final closing of a non-brokered US $1,127,400 private placement of equity.Read full newsRead More
Reverse circulation drilling to the north of the Dark Star deposit at Gold Standard Ventures' (TSX: GSV) Railroad Pinion project in Nevada's Carlin Trend has intersected thick zones of oxide gold.Drill hole DR19-15 returned 22.9 metres of 1.92 grams gold, including 13.7 metres of 3.04 grams gold, and drill hole DR19-26 intersected 16.8 metres of 2.58 grams gold. The two step-out holes were drilled...Read More
Reverse circulation drilling to the north of the Dark Star deposit at Gold Standard Ventures' (TSX: GSV) Railroad Pinion project in Nevada's Carlin Trend has intersected thick zones of oxide gold.Drill hole DR19-15 returned 22.9 metres of 1.92 grams gold, including 13.7 metres of 3.04 grams gold, and drill hole DR19-26 intersected 16.8 metres of 2.58 grams gold. The two step-out holes were drilled...Read More
"Gold Resource Corporation Eyes Isabella Pearl Open Pit Expansion and Additional Pit Discovery at Scarlet and Civit Cat North West Targets @resource_gold https://t.co/QZsDbvyV8r"Read full newsRead More
[Editor’s note: This story was previously published in February 2019. It has since been updated and republished.]Penny stocks are often dangerous for individual investors. Generally described as stocks with a price under $5, the group usually consists of quite a few fallen angels and growth stocks that haven’t reached, and may never reach, their potential.But there are diamonds in the...Read More
"We've got a double-header on precious metals this morning, with #palladium and #rhodium demand still growing - https://t.co/844JarjBnP - and #silver and #platinum tipped as cheaper ways into a #gold bull case- https://t.co/QUkm7MKnLU ($)"Read full newsRead More
Polish miner KGHM and a union representing workers at its Sierra Gorda copper mine in Chile have agreed to extend contract talks, temporarily warding off the threat of a strike, the union president told Reuters on Tuesday.Maykel Ocayo, president of the 520-member union, said workers would vote on a new contract proposal by Thursday and deliver their decision to management on Friday."The extension...Read More
This week's edition of Canadian Insider Insights is now available: Another Fed egg face.Jerome PowellMarkets haven't reacted well to the Fed's 180 degree turn on the economy and we take a look at what we are watching now to assess the risks. The weekly archive is here and registration is not required. Read More
When should modern Americans care about legislation signed into law by President Ulysses S. Grant? When it causes deep environmental damage, deprives the federal treasury of billions, privileges one industry over others, practically gives away public lands, and hasn't been significantly altered in almost 150 years.The law in question is the General Mining Act of 1872, which governs the harvesting...Read More
SNC-Lavalin Group Inc. is blasting Codelco's decision to pull the plug on a $260 million contract that was at the root of two recent profit warnings.The embattled Canadian construction giant confirmed late Monday night that it had received official notice of the termination, saying it was "appalled and surprised" by the Chilean state-owned miner's decision."We believe that this termination is unwa...Read More
Argentina is eyeing its first major new mining project in two decades, nudged forward by President Mauricio Macri's market-oriented policies. But there's no guarantee he'll be around to take credit.Argentina's economy is tanking with the central bank hiking interest rates to ease inflation and save the peso, the worst-performing currency in emerging markets. That could put Macri on shaky ground as...Read More
EPA Administrator Andrew Wheeler is formally recusing himself from agency reviews and permitting decisions on a proposed gold and copper mine near Alaska's Bristol Bay amid criticism his former law firm represented the developer.Wheeler promised to steer clear of matters involving the controversial Pebble Mine in an updated March 20 recusal statement, two years after his former employer, Faegre Ba...Read More
Diamond Services, a Hong Kong-based developer of tech systems for detecting lab-grown, imitation and treated diamonds, has created a new device aimed at amplifying the range of detectable merchandise to include all rough and polished stones in the lower yellowish-to-light-brown colour ranges.According to the developer, this is the first device capable of identifying the yellowish gems together wit...Read More
Pancontinental Resources (TSXV: PUC) announced this week the acquisition of the St. Laurent project, located in the eastern Canadian province of Ontario.Pancontinental is purchasing the property from 2681891 Ontario Inc., with whom the company entered into an option agreement. To earn a 100% interest, the Toronto-based miner has to pay a total of $145,000 in cash and issue 1,850,000 common shares...Read More
CABORCA, Mexico, Mar 25, 2019 (GLOBE NEWSWIRE via COMTEX) -- Mexus Gold US (otcqb:MXSG) (Read full newsRead More
Dual-listed Galantas Gold (TSX, LON:GAL) is expanding capacity of the processing plant at its Omagh mine in Northern Ireland, with the goal of producing 2,000-2,5000 ounces of concentrate per month in the 2020-21 financial year.The company, which is already running an extended dayshift, plans to add a second milling shift late in the June quarter. More shifts will be added in the September quarter...Read More
Jan van Eck's strategy is to find a twilight zone midway between active and passive management. The result: hot funds that dare to be different.Read full newsRead More
CABORCA, Mexico, Mar 25, 2019 (GLOBE NEWSWIRE via COMTEX) -- Mexus Gold US (otcqb:MXSG) (Read full newsRead More
British Columbia Investment Management Corporation says it will vote against the proposed merger of Goldcorp (TSX: G; NYSE: GG) and Newmont Mining (NYSE: NEM) due to Goldcorp's decision to award its chairman, Ian Telfer, a US$12 million retirement allowance.BCI, which provides investment management services to B.C.'s public sector and has about $145.6 billion under management, says the retirement...Read More