The Federal Government of Australia today launched the Critical Minerals Strategy 2019, aimed at putting emphasis on what politicians call "the industries of the future." In their view, these sectors include agritech, aerospace, defense, renewable energy and telecommunications."We have some of the world's richest stocks of critical minerals and while the market for some of our minerals such as lit...Read More
Canada's Walker River Resources (TSXV: WRR) announced this week that it signed a letter of intent with Smooth Rock Ventures (TSXV: SOCK) to enter into an exploration agreement with option to form a joint venture on the Garfield Flats project, located in Mineral County, Nevada.Smooth Rock can earn an undivided 50% interest in the property by funding $600,000 in exploration expenditures. Walker, o...Read More
Now Sibanye will wind down Driefontein's operations within 10 years, with plans to cut thousands of jobs as it shuts unprofitable shafts.South Africa's gold industry employs just over 100,000 people, less than a fifth of the number that used to drive the apartheid economy.With most of the nation'Read full newsRead More
Vancouver, BC - Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron"), is pleased to announce that it has entered into a letter of intent with Puriflor Enterprise Inc. ("Puriflor") regarding Puriflor's acquisition of an extraction and processing facility, and the formation of a joint venture between Quadron and Puriflor, whereby Quadron will acquire a one third interest in the Pu...Read More
Please click here now. Double-click to enlarge this long-term gold chart. Fundamental and technical analysis are both strongly supporting gold's rally towards the key $1400 area.Having said that, COMEX price action mainly reflects action in the physical market and this is the weak season for gold.Investors need patience. News in the West that "should" push gold $100/ounce higher is in play...Read More
Wheaton Precious Metals Corp (TSX:WPM) shares have been on a tear. Since November, the company’s stock has been on a consistent incline, climbing from roughly $20 per share to more than $33.This impressive streak comes at a time when other resource stocks are stuck near all-time lows. Why is Wheaton Precious Metals stock breaking out?Wheaton has a clever business modelAs a metals streaming...Read More
Growing concern of a looming U.S. recession, weaker economic growth in China and a declining outlook for the European Union have all worked to bolster gold in recent months, seeing it rally to over US$1,343 an ounce before pulling back to just under US$1,295 per ounce. This has been a boon for gold miners, causing the VanEck Vectors Gold Miners ETF to gain 8% since the start of 2019.Combined with...Read More
Gold was smacked $22 from top to bottom overnight and this morning. It was a classic paper derivative raid on the gold price, which was implemented after the large physical gold buyers in the eastern hemisphere had closed shop for the day. This is what it looks like visually:As you can see, as each key physical gold trading/delivery market closes, the price of gold is taken lower. The coup de...Read More
The syndicate of underwriters, led by Haywood Securities, have agreed to buy shares at 36c each, with a 15% overallotment option.Read More
Drilling at the Sikasso property in southern Mali, West Africa. Source: Compass Gold Corp.Compass Gold Corp. [CVB-TSXV; COGDD-OTC] shares skyrocketed Thursday March 28 after the company said drilling on the company's Sikasso property in southern Mali, West Africa, has intersected high-grade gold mineralization.Investors reacted by sending Compass shares up 500% or 57.5 cents, to 69 cents on active...Read More
The Greenstone Gold Mines Hardrock Project in northern Ontario. Source: Premier Gold Mines Ltd.Centerra Gold Inc. [CG-TSX; CAGDF-OTC] and Premier Gold Mines Ltd. [PG-TSX; PIRGF-OTC] said Thursday March 28 that the environmental assessment for the Greenstone Gold Mines Hardrock Project in Ontario was approved by the provincial government on March 26, 2019.Their aim is to develop an open pit mine th...Read More
Aethon Minerals Corp. (TSX-V: AET) is a well-funded mineral exploration company, focused in South America. They were spun out of Altius Minerals, in May of 2018, with over 100,000 hectares of prospective land package, in northern Chile and a goal to advance it and to find potential partners to explore the properties. We learned from John Miniotis, Interim CEO of Aethon Minerals, that the Company r...Read More
In Martin County, Texas, about 310 miles northeast of the state capital of Austin, a breakthrough drilling technology is pumping out so much oil that the Financial Post says:"You add all the numbers up and what you start to come up with is very, very scary...""Dwarfs all other drilling techniques...""It's the next big thing after fracking!"In some cases, this new method of extraction has increased...Read More
Abitibi Royalties Inc. (TSX-V: RZZ) owns various royalties at the Canadian Malartic Mine, near Val-d'Or Qu?(C)bec, and is building a portfolio of royalties on early stage properties, near producing mines. At PDAC 2019, we learned from Ian Ball, President and CEO of Abitibi Royalties that their royalty income started at the end of last year and the Company is looking at $4 to $4 1/2 million in cash...Read More
The Canadian Mining Hall of Fame (CMHF) bestowed honours on five industry giants at its thirty-first annual induction ceremony in January at the Metro Toronto Convention Centre. The 2019 inductees - Kate Carmack, James M. Franklin, James W. Gill, A. M. (Sandy) Laird and Brian K. G. Meikle - join 176 existing CMHF members."Tonight we celebrate the lives of four men and one exceptional woman who thr...Read More
Golden Star Resources (TSX: GSC; NYSE: GSS) has increased its overall reserves by 6%, net of mining depletion. It offset a loss in reserves at its Prestea gold mine by adding reserves at its Wassa gold mine, both located in Ghana.In total, the company has 19.4 million proven and probable tonnes grading 2.86 grams gold for 1.79 million oz. gold across its Wassa and Prestea gold mines.Its biggest lo...Read More
K92 Mining (TSXV: KNT; US-OTC: KNTNF) intersected 175 metres of 0.28 gram gold per tonne and 0.22% copper from 259 metres downhole at its Blue Lake porphyry prospect, 4 km southwest of its Kora deposit, at the Kainantu gold mine in Papua New Guinea.The hole ended in mineralization.The company discovered the prospect in 2017, after a surface mapping and sampling program. It completed a soil grid at...Read More
As the Canadian Mining Hall of Fame (CMHF) inducted five new members - Kate Carmack, James Franklin, James Gill, Sandy Laird and Brian Meikle - at its thirty-first annual induction ceremony in January at the Metro Toronto Convention Centre, five tribute videos were premiered during the evening.For full coverage of the event by The Northern Miner, read: Canadian Mining Hall of Fame welcomes five tr...Read More
The largest pharmacy chain in the country is clearing shelf space for the hottest new drug out there: CBD.Starting now, you'll be able to purchase over-the-counter CBD products at more than 800 CVS stores all around the country. The products being sold at CVS are a mixture of creams, lotions, and vape pens.By now, you probably know that CBD - or cannabidiol - is the non-psychoactive compound in th...Read More
"Video Interview - Gregg Sedun, lead director of Core Gold: Capital from Titan Merger Will Unlock Value https://t.co/ZAVdNNjcUE @CoreGoldInc #PDAC2019 #gold #merger"Read full newsRead More