Gold still has a place in many portfolios. During last week's market mayhem, the metal showed exactly why. While the rest of the market was melting down, gold jumped higher. Thanks to the built-in operational leverage enjoyed by most gold producers, these stocks saw their shares do even better than the price of gold. The old adage is true; spooked investors still take solace in precious metals.Don...Read More
High quality emeralds recovered from Fura's Coscuez Mine in Colombia. Photos courtesy Fura Gems Inc.When Princess Eugenie wore an emerald tiara at the latest royal wedding on October 13, 2018, she briefly highlighted an aspect of mining that doesn't get much attention.Hoping that will change is Dev Shetty, President and CEO of Fura Gems Inc. [FURA-TSXV; FUGMF-OTC; BJ43-FRA], a company that is focu...Read More
B2Gold's Fekola gold mine in Mali, West Africa. Source: B2Gold Corp.B2Gold Corp. [BTO-TSX; BTG-NYSE] shares have rallied sharply in recent days as investors anticipate better than expected production numbers in 2018 following an impressive third quarter.On October 10, 2018, the day before the company announced its production results for the third quarter, B2Gold shares opened at $3.08. By Octobe...Read More
Vancouver, BC - Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) provides further analytical results from the 2018 exploration drill program at the Forrest Kerr Property. Three holes totalling 1,153 meters have been completed in the newly discovered South Boundary Zone 1.5 km south of the strong precious metal mineralization delineated at the North Boundary Zone. These holes r...Read More
TORONTO - Canada's main stock index pushed higher in late-morning trading, helped by a broad-based rally led by the key energy sector, while U.S. stock markets surged higher.The S&P/TSX composite index was up 94.71 points at 15,504.18.In New York, the Dow Jones industrial average was up 317.67 points at 25,568.22. The S&P 500 index was up 33.30 points at 2,784.09, while the Nasdaq composite was up...Read More
The Dow Jones Industrial Average (DJIA) fell some 1,500 points since hitting new highs last week.As you can see by the chart, we are well above both the 200-day and 100-day moving averages. The chart shows a double top with support around 23,700. That's another 1,500 points lower.And if that fails, we could give up 4,000 points.The MACD is still above the zero line, which means the market isn't ov...Read More
Calidus Resources (ASX: CAI) is a gold exploration company, which controls the high-grade, near-surface, 712,000-ounce Warrawoona Gold Project, in the East Pilbara district of the Pilbara Goldfield, in Western Australia. We learned from David Reeves, Managing Director of Calidus Resources, that they currently have three rigs turning on their Warrawoona Gold Project, with the aim of extending known...Read More
Middle Island Resources Limited (ASX: MDI) is a gold exploration and aspiring development company focused on Western Australia. We learned from Rick Yeates, managing director of Middle Island Resources, that they are focused on a single project called the Sandstone gold project located about 400 km northwest of Kalgoorlie in the heart of the Western Australian goldfields. The project is 100% owned...Read More
A scientific workshop on chronic kidney disease of unknown causes, or CKDu, organized by Tissa Illangasekare, AMAX Distinguished Chair of Civil and Environmental Engineering at Colorado School of Mines, was recently highlighted by the National Science Foundation.The NSF-funded workshop in Sri Lanka brought together hydrologists, engineers, occupational medicine specialists, social scientists and...Read More
This episode features a keynote speech by one of the mining industry's leading futurists: George Hemingway, Partner and Head of the Innovation Practice at The Stratalis Group in New York City.Recorded live at The Northern Miner's Progressive Mine Forum held at the MaRS Discovery District in downtown Toronto in mid-October 2018, George's keynote touches on all aspects of how a mining company can fo...Read More
Medgold Resources (TSXV: MED; US-OTC: MGLDF) is wrapping up a nearly 5,000 metres exploration program at its Tlamino gold-silver-lead-zinc project in southern Serbia that partner Fortuna Silver Mines (TSX: FVI; NYSE: FSM) is funding.Fortuna extended the original 2,400-metre program based on early results, including 13.35 metres from 41.45 metres downhole grading 5.06 grams gold, 109 grams silver,...Read More
Orsu Metals (TSXV: OSU; US-OTC: ORSUF) is drilling 12,500 metres at its 90% owned Sergeevskoe gold project, 40 km southwest of the town of Mogocha, Russia, on its way to delivering a maiden resource in the fourth quarter of 2018.The latest results come from four infill holes at the project's Zone 23, and all include gold mineralization. Highlights include 1.31 grams gold per tonne over 16.8 metres...Read More
BHP Billiton (NYSE: BBL; LON: BLT) is raising its stake in SolGold (TSX: SOLG; LON: SOLG) from 6.1% to 11.18% and the US$50.2 million in proceeds will help the junior explorer advance studies of the Alpala deposit, the main target on the Cascabel porphyry copper-gold project in Ecuador.Under the placement agreement, BHP is subscribing for 100 million shares at 45 pence - a 30% premium to the last...Read More
Treasury Metals (TSX: TML; US-OTC: TSRMF) has updated the resource at its 100% owned Goliath gold project near Dryden, Ontario, for the first time since 2015, boosting underground gold equivalent ounces 64% in the measured and indicated categories.However, the updated resource is only slightly larger than the original resource. Treasury has redefined the pit shell so that it constrains fewer gold...Read More
Golden, Colorado: 15 October 2018 - Golden Software, a developer of affordable software for data visualization and analysis, has released Grapher Preview, an application that allows users of the Grapher scientific graphing package to assess enhancements under development and provide feedback prior to the next software release.Used extensively by scientists and engineers in oil & gas operations, en...Read More
Bonterra Resources Inc. (TSXV:BTR, US:BONXF, FSE:9BR1) (theRead full newsRead More
Sorry...China started off hopefully and ended ugly overnight...Read full newsRead More
As mining companies begin to adopt or mature their digitalisation strategies, major efficiency and performance gains will be made during the mineral exploration process. Micromine Product Strategy Manager Mark Gabbitus will discuss this topic as a guest speaker at the inaugural Australian Geoscience Council Convention (AGCC) in Adelaide from October 15th - 19th 2018.Titled 'Exploration on the Edge...Read More
CloseGain/LossGold $1225.40+$7.40Silver$14.69+$0.08XAU70.45+1.70%HUI155.88+1.68%GDM557.90+1.37%JSE Gold1252.10+97.79USD95.08-0.20Euro115.81+0.22Yen89.21+0.03Oil$71.78+$0.4410-Year3.154%+0.001T-Bond138.4375-0.28125Dow25250.55-0.35%Nasdaq7430.74-0.88%S&P2750.79-0.59% The Metals: Gold gained $15.30 to $1233.30 in Asia before it chopped back lower in London and New York, but it still ended wit...Read More
"It Always Pays To Hold Some Gold"by John Stepek of Money Week"We have interest rates going up at a clip that's much faster than certainly a lot of people, including myself, would have anticipated. I think the Fed is out of control."Central banks are independent, in theory. But that won't stop the president of the US from giving his full and frank opinion on their performance.Gold Britannias 201...Read More