JOHANNESBURG - South Africa's Harmony Gold reported a 30-percent jump in quarterly total production, the miner said on Tuesday, boosted by its Hidden Valley and Moab Khotsong mines.Total gold production in the first quarter ended September jumped to 11,773 kg from 9,040 kg in the comparable quarter last year. The total gold production decreased by 2 percent quarter-on-quarter, the company said."We...Read More
LONDON - European automakers BMW and Volvo plan to experiment with steel contracts to be launched by the London Metal Exchange early next year, a move which could eventually change the way the industry hedges and prices contracts, industry sources said.The LME is launching three hot rolled coil (HRC) steel futures covering Europe, North America and China early next year, and industry sources told...Read More
Tahoe Resources Inc posted a quarterly loss on Tuesday that was less then Wall Street expected although it widened from a year earlier, while the gold and silver miner predicted that its production for the year would be at the low end of guidance.Tahoe's Escobal silver mine in Guatemala, the world's second largest, has been effectively mothballed since last year after officials suspended the miner...Read More
Mr. Josh Crumb reportsGOLDMONEY CONGRATULATES MENE INC. (TSXV:MENE) FOR ITS LISTING ON THE TSX VENTURE EXCHANGEGoldmoney Inc. is congratulating the entire team at Mene Inc., a luxury e-commerce 24-karat investment jewellery brand, for its achievements, as Mene commences trading today on the TSX Venture Exchange under the ticker symbol MENE.Goldmoney will declare a distribution of 3.99 million Clas...Read More
Mr. Christian Grijalva reportsSAN MARCO ANNOUNCES DRILLING HAS COMMENCED AT THE CHUNIBAS CU-AG PROJECTDiamond drilling has commenced at San Marco Resources Inc.'s 100-per-cent-owned Chunibas copper-silver project, located in Sonora state, Mexico. San Marco and a wholly owned subsidiary of Antofagasta PLC have entered into an earn-in agreement to jointly explore and drill test several copper-silver...Read More
"Barrick #Gold shareholders have backed the merger with Randgold, and there are also rumours a Nevada tie-up with Newmont is in play ($) | https://t.co/hIjXn01QNE $ABX $RRS"Read full newsRead More
ELKO, Nevada, November 6, 2018 /PRNewswire/ --- U.S. Gold Corp. will drill up to 16,000 feet (approx. 5,000m) in approximately 8 holes - This program will assess a number of previously inaccessible targets because of previous permitting limitations - Identification, qualification, and prioritization of these targets were determined by means of detailed surface geology, geochemistry, and geophysi...Read More
Mr. Roger Rosmus of Goliath reportsGOLIATH REPORTS UP TO 110 GPT AU (3.21 OZ/T) AT 10% OWNED DSM GOLD STANDARD PROPERTYGoliath Resources Ltd. and Juggernaut Exploration Ltd. have released channel, chip and grab sample assay results of up to 110 grams per tonne gold (3.21 ounces per ton) from the Big Show zone vein system, measuring two kilometres by one km. It remains open in all directions contai...Read More
Surge Exploration (TSX?EUR?V: SUR) announced today that it will acquire up to 100% of the Atacama Cobalto Exploration Property near Copiap??, northern Chile.Surge said that in order to complete the transaction, it will sign a formal agreement with Compa???-a Minera del Pac?-fico S.A. or CAP Mineria before the end of the month.The 1,059-hectares Atacama Cobalto Project is located in the Atacama Pro...Read More
Canada's Diamcor Mining (TSX-V.DMI), announced today that following its previous release on the initial tender of 2,606.50 carats of rough diamonds recovered from resumed processing exercises at the company's Krone-Endora at Venetia Project in South Africa, it delivered an additional 5,335.83 carats of rough diamonds before the end of October. The tender for the rocks will be completed in November...Read More
Mr. Antonio Berlanga reportsTRAFIGURA COMMITS 2ND LOAN TRANCHE US$5 MILLION TO TELSON'S TAHUEHUETO MINE CONSTRUCTIONTelson Mining Corp. has received $5-million (U.S.) for the second tranche of the loan agreement with Trafigura Mexico SA de CV, advanced under the loan facility and offtake agreement originally announced by the company on Dec. 18, 2017, for the rehabilitation, construction, operation...Read More
Company Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today provided an update on its exploration programs during the third quarter.HighlightsLargest quarterly exploration program in company historyThere were up to 20 drills at 10 properties, 5 operating mines, all in North AmericaReserve price assumptions to determine this year's reserve...Read More
Today marks the return of our Sound Bites feature where we will be highlighting distinct commentary and opinions from Howe Street radio and possibly some other sources. To kick things off, we look at recent exploration activity in the Spences Bridge Gold Belt which John Kaiser of Kaiser Research reviewed in his November 1st Discovery Watch.Click to listen to the interviewWesthaven Ventures (Sunny...Read More
Drill core from the Currie Project in Ontario. Source Prosper Gold Corp.Prosper Gold Corp. [PGX-TSXV] has released impressive results from drilling at its Currie Project southwest of Matheson, Ontario.Investors reacted by sending Prosper shares to a high of 14 cents Tuesday November 6 on volume of almost 1.4 million shares traded. In early afternoon trading, the stock had slipped back to 12 cents...Read More
Underground mining operations at the Kamoto Mine, DRC. Source: Katanga Mining Ltd.Glencore AG's [GLEN-LSE] Katanga Mining Ltd. [KAT-TSX] said Tuesday November 6 that it will temporarily suspend the export and sale of cobalt produced from its 75%-owned Kamoto Copper Co. project in the Democratic Republic of Congo (DRC) until further notice.Its partner in the project is Gecamines, a state-owned mini...Read More
SASKATOON - The head of Nutrien Ltd. says the company has enough room for potash expansion in Saskatchewan that it doesn't make sense to invest in expanding production in costlier regions.Chief executive Chuck Magro made the remarks on conference call with financial analysts Tuesday after taking a writedown due to the permanent closure of its potash mine in New Brunswick."The decision is pretty ob...Read More
Since Obama said he would put coal companies out of business, Wall Street has ignored coal producing, making it the most undervalued sector in the market.It's true, coal production did go down for four years, but since Trump was put in office, that has turned around. Don't get me wrong; the U.S. isn't burning more coal - it's exporting it, both to China to replace low-quality coal and to Germany,...Read More
"It's your fault."That's what we're told to think about ourselves. That's what we're encouraged to think about each other.That's how we're hardwired to think. That's what they prey upon.That disembodied "you" is out there, undermining what you work for. Defying logic. Working against the common good.Do you feel it? Can you see it day-to-day? God only knows you're given plenty of anecdotal evidence...Read More
Rockcliff Metals (TSXV: RCLF; US-OTC: SVVZD) is set to drill its Laguna gold property in Snow Lake, Man. - the first drilling the property has seen in over 70 years.Kinross is funding the 2,500-metre program. The two companies partnered in July 2018, with Kinross Gold (TSX: K; NYSE: KGC) intending to earn a 70% interest in both Rockcliff's Laguna and Lucky Jack gold properties by spending $5.5 mil...Read More
In one of the few exploration projects it is funding next year, Cameco (TSX: CCO; NYSE: CCJ) and its joint-venture partners Orano Canada and Purepoint Uranium (TSXV: PTU) are planning a 36 km ground-electromagnetic survey and 6,000 metres of diamond drilling at their Hook Lake uranium project in Saskatchewan.Cameco owns 39.5% of the project in the province's Patterson uranium district, with Orano...Read More