West Virginia is dangling tax incentives for coal miners in an attempt to revive operations in the heart of Coal Country. At least one miner, Contura Energy Inc., isn't swayed just yet.Contura runs 23 surface and underground mines in the state, and incentives signed into law last week haven't yet persuaded the company to open more, Chief Executive Officer Kevin Crutchfield said. "We've got a prett...Read More
A mix of political populism, higher commodity prices and the expectation electrification will spur demand for some raw materials has led resource-holding governments to change the rules for miners operating in their countries.In most cases, governments are seeking to increase their share of profits, rather than all-out resource nationalism, although Mongolia has been trying to nationalise a stake...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM), has committed to sole fund all of the 2019 exploration programs with junior Encounter Resources (ASX: ENR), covering the highly sought after gold regions of Tanami and West Arunta in Western Australia.Newcrest, which has five joint ventures (JVs) with Encounter in the area, covering a total of 5,900 km2, will have the right to increase...Read More
Illinois-based Philippi-Hagenbuch announced this week the launching of a new version of its Autogate Tailgate specifically designed for off-highway trucks and roll-off containers that require a 100% positive seal.In a press release, the truck customization company said that the new machine can be paired with its fluidic seal material to create a water-tight seal that contains liquid materials with...Read More
Premier Gold Mines (TSX:PG) announced this week that it entered into an agreement with Americas Silver Corporation to acquire an option to purchase a 100% interest in the San Felipe property in Mexico.To move forward with the deal, Premier has to pay $7 million on closing and make additional payments of $1.9 million upon the making of a positive construction decision and then upon achieving commer...Read More
"Wesdome Provides Update on Eagle River Mine Surface Exploration Drilling and Confirms Presence of Gold Minerlization West of Mine Diorite https://t.co/B62y3BCmSS"Read full newsRead More
Botswana Diamonds (LON:BOD) said Thursday it had concluded drilling on the Frischgewaagt and Hartbeesfontein farms, which form part of its Thorny River diamond project in South Africa.The next step, the miner said, is to obtain the necessary regulatory approvals to start the bulk sampling program, which is expected during the second quarter of the year.Botswana Diamonds has also finished refurbis...Read More
Australia's Lucapa Diamond (ASX:LOM) said Thursday it had signed funding and refinancing arrangements that will allow it to reduce debt related to developing its recently commissioned Mothae mine in Lesotho, South Africa.The diamond producer has inked deals with New Azilian and Equigold, following the delivery and de-risking of Mothae, which began commercial production in December."These new r...Read More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company"), announces that it intends to complete a non-brokered private placement offering (the "Offering") to raise gross proceeds of up to CA$2,000,000.The Corporation plans to issue up to 6.67 million units (the "Units") at a price of CA$0.30 per Unit. Each Unit consists of one common share and one tra...Read More
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Gold price is driven by US bond yields, Fed interest rate expectations, and the US dollar - not supply and demand.Read full newsRead More
Gold exploration and mine development remain leading drivers of mining activity around the world by Canadian-based gold companies. Here is a look at eight junior and senior companies with significant gold developments in 2019.ALAMOS GOLDAlamos Gold (TSX: AGI; NYSE: AGI) is a Toronto-headquartered intermediate gold producer with four operating mines in North America: the Young-Davidson and Island G...Read More
There's a time for gold stocks to rally... and a time for consolidation and retracement. Please click here now. We have joy, we have fun, we have gold price seasonality in the sun?To view seasonality on the daily gold chart, please click here now. Double-click to enlarge.The COMEX price of gold is determined mainly by commercial bank traders and hedge funds reacting to physical market supply...Read More
Despite gold pulling back sharply since mid-February 2019 to be trading at around US$1,287 per ounce, there are signs that the metal is due to rally yet again. This provides investors with the opportunity to boost their exposure to gold by acquiring development-stage miner Great Bear Resources (TSX:GBR). Even after gaining 38% since the start of 2019 compared to gold's modest 1% increase, the min...Read More
Silver stocks are down at the moment, with value opportunities opening up in some of the biggest precious metals miners on the TSX. With higher silver prices expected later in the year, here are four bargains for capital gains investors looking for upside.Fortuna Silver Mines (TSX:FVI)(NYSE:FSM)Down 12.45% in the last five days at the time of writing, Fortuna Silver Mines made one of the biggest m...Read More
Tesla (NASDAQ:TSLA) has enamoured stock market investors since it went public in 2010. While it still has some skeptics, its 1,000% rise in under a decade has quieted many critics.Still, massive concerns remain, largely related to its ability to scale production faster than any other auto manufacturer in history. Plus, there are no assurances that it can do this while generating an adequate rate...Read More
"At the exact time that the one asset is supposed to defend against reckless Fed monetary policies should be going higher, it's going the opposite way...and you're telling me this isnt' a manipulated market?"The current period reminds of 2008. The price of gold was overtly manipulated lower ahead of the de facto collapse of the financial system. It's highly probable the Central Banks are once...Read More
Rainbow is in production but struggling, and Mkango is funded through the bankable feasibility study stage but will only own 25% of its main project if all goes well.Read More
The Ulu Property ("Ulu") covers an area of 947 hectares, located approximately 523 kilometres ("km") north of Yellowknife NWT within the Kitikmeot Settlement Area of Nunavut.Blue Star Gold Corp. [BAU-TSXV] has assembled two high-grade gold exploration-stage prospects in Nunavut Territory, northern Canada. The claim package is approximately 530 km north-northeast of Yellowknife, capital of the Nort...Read More
The Relief Canyon Mine crusher. Source: Americas Silver Corp.Sandstorm Gold Ltd. [SSL-TSX; SAND-NYSE American] said Thursday April 4 that it has acquired a 4% gold stream on Americas Silver Corp.'s [USA-TSX; USAS-NYSE American] Relief Canyon heap leach project in Nevada.The mine is expected to begin production by the end of 2019, delivering about 5.9 million ounces per year to Sandstorm for 5.5 ye...Read More