The New Mexico Environment Department announced via Twitter that it received word from the Environmental Protection Agency stating that the Gold King Mine wastewater treatment facility is back up and running following a failure reported on March 14, 2019, due to a loss of power.The electric blackout was caused by a severe winter storm that struck the area this past week. The Gladstone plant, which...Read More
The New Mexico Environment Department announced via Twitter that it received word from the Environmental Protection Agency stating that the Gold King Mine wastewater treatment facility is back up and running following a failure reported on March 14, 2019, due to a loss of power.The electric blackout was caused by a severe winter storm that struck the area this past week. The Gladstone plant, which...Read More
"Read full newsRead More
While gold miners have been making substantial profits in recent quarters thanks to rising gold prices and better operational and financial discipline, they continue to seek new ounces via the drill bit to fill their production pipeline. A look at eight majors and juniors exploring for gold worldwide.BARRICK GOLDThe world's largest gold miner Barrick Gold (TSX: ABX; NYSE: GOLD) is also heavily inv...Read More
While gold miners have been making substantial profits in recent quarters thanks to rising gold prices and better operational and financial discipline, they continue to seek new ounces via the drill bit to fill their production pipeline. A look at eight majors and juniors exploring for gold worldwide.BARRICK GOLDThe world's largest gold miner Barrick Gold (TSX: ABX; NYSE: GOLD) is also heavily inv...Read More
Eleven years ago, Cloud Peak Energy Inc. (NYSE:CLD) made an all-or-nothing bet its rivals were unwilling to match: that coal would remain indispensable to the U.S. power sector.That gamble has now pushed it to the brink of bankruptcy.The company anchored its operations on Wyoming and Montana strip mines, brimming with easy-to-access coal that it sold to electricity plants. For a time, Cloud Peak t...Read More
Peruvian President Mart?-n Vizcarra shared a video on his social media channels where he announces that authorities are going to have a permanent presence in the Amazon to guard against the development of illegal mining activities.Earlier in the year, his administration launched Operation Mercury in the southeastern Madre de Dios department. The initiative involved the deployment of almost 1,600 p...Read More
The world's top diamond producer by output, Alrosa (MCX:ALRS), published this week an updated estimate of its Joint Ore Reserves Committee or JORC reserves and resources."The JORC Code-compliant report from Micon's independent experts estimated Alrosa's diamond resources and reserves as of 1 July 2018 at 1,064 million carats and 628 million carats, respectively," the miner said in a press release....Read More
Researchers with the University of Aberdeen and the University of Glasgow published a study where they state that an abundance of copper played an equally crucial role to oxygen in helping the rise and spread of the earliest animals 700 million years ago.By analyzing a series of geological records, the scientists were able to prove that the level of copper in the environment increased dramatically...Read More
Researchers with the University of Aberdeen and the University of Glasgow published a study where they state that an abundance of copper played an equally crucial role to oxygen in helping the rise and spread of the earliest animals 700 million years ago.By analyzing a series of geological records, the scientists were able to prove that the level of copper in the environment increased dramatically...Read More
BALTIMORE, March 14, Mar 14, 2019 (GLOBE NEWSWIRE via COMTEX) -- All amounts expressed in U.S. dollars On March 11, 2019, Barrick Gold Corporation GOLD(ABX)...Read full newsRead More
"Dundee Precious Metals Achieves Major Milestone With First Gold Concentrate Production From Its Krumovgrad Open Pit Gold Mine https://t.co/43tOQ93KMs"Read full newsRead More
BALTIMORE, March 14, Mar 14, 2019 (GLOBE NEWSWIRE via COMTEX) -- All amounts expressed in U.S. dollars On March 11, 2019, Barrick Gold Corporation GOLD(ABX)...Read full newsRead More
The Ontario government has put together a new mining taskforce to help it overhaul the Mining Act.Whereas the previous Liberal government also passed legislation to modernize the Mining Act, Greg Rickford, Mines Minister in the new Progressive Conservative government, says the focus is entirely different."When they were modernizing the Mining Act, the very real fear out in the industry was that it...Read More
Lucara Diamond Corp (TSX:LUC) has a decade-long history of success-a rare feat among resource companies. Even more impressive is its free cash flow profile, which helps support an impressive 6% dividend, a payout the company has maintained since 2014.The root of Lucara’s success stems from its focus on a resource rich, politically stable, mining friendly country: Botswana.If you want to dive...Read More
Investing in commodity producers can be difficult. Resource companies - from gold miners to oil producers - typically face above-average levels of volatility.While hedging can help reduce uncertainty, most commodity companies experience wild boom-and-bust cycles, sometimes within the same year.However, volatility can be your friend, giving you limited-time buying opportunities at bargain prices. W...Read More
I sourced the chart below from a blog called The Macro Tourist. I added the title and the two yellow trend lines. The chart shows the daily price of gold since the inception of the bull market in 2000-2001. Last Friday (March 8th) gold popped $12 +/- (depending on the time from which you measure). I mentioned to some colleagues that "gold may be starting something special."The price of gold retest...Read More
Local manager Mark Majzner remains focused on turning what he says are many high-level mining engagements into dollars - the company claims to have achieved 140% quarter-on-quarter growth for the pastRead More
The latest in anti-Read full newsRead More
In his March 15th Howe Street broadcast, Bob Hoye from ChartsandMarkets.com reports that his firm issued a sequential sell on crude oil Friday. This follows a sequential sell they issued in late February for the S&P 500. The index subsequently fell about 2% within two weeks before rebounding which Hoye says was accompanied by some short-term term trading buy signals.US OIl Fund ETF (Click for lar...Read More