Serial diluter of investor value Gran Colombia Gold Corp. (TSX:GCM) is once again touting for investors and seeking to attract further capital. The company, which is the largest underground miner in the Latin American nation of Colombia, has a long history of overpromising and under delivering for investors while riding roughshod over local communities and acting solely in the interests of insider...Read More
In early 2017, I posted to Foolish investors that Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) could turn out to be a better long-term investment than Goldcorp Inc. (TSX:G)(NYSE:GG). While it appears that Barrick has turned out, at least over the past couple years, to be the better play, it is still off approximately 30% over this time frame compared to a 40% drop at Goldcorp.The drop in commodit...Read More
Gold continues to add to its recent gains and investors are wondering if this might be a good time to start adding gold stocks to their portfolios heading into 2019.Let's take a look at the current situation and see if the industry's largest player, Barrick Gold (TSX:ABX)(NYSE:ABX), deserves to be on your buy list.Gold rallyGold traded for US$1,360 per share in April, but a rally in the U.S. dolla...Read More
Anyone looking to stack up shares in Canadian miners may have been forgiven for watching the sector pick up speed in recent weeks and wishing they'd got in sooner. The following diversified stock is a true Canadian classic in the metals sector: a base metals mining company with a presence in South and North America, Portugal, and Sweden. It's gained over 5% over the last five days, only to dip alm...Read More
The suspensions come after it could not complete a conditional US$4 million extension to its working capital facility with Fujax Minerals and Energy.Cradle Arc said the working capital facility extension for its 60%-owned subsidiary Leboam, which operates Mowana, had been conditional on the completion of certain documentation and final approval from Fujax's credit committee.All had seemed fine, wi...Read More
Tanami was Australia's fifth-largest gold producer in 2017, delivering 419,000 ounces of gold, just as Newmont completed the US$125 million Tanami Expansion 1 to add 80,000oz per year between 20...Read More
Microcap drillers Cabo Drilling and Energold - both Toronto Venture exchange listed - were among the handful of METS companies to finish with a higher share price than a year earlier.Cabo appears to be turning into an industrial minerals miner in Mongolia under a proposed reverse takeover arrangement with Mongolian businessman Khurlee Ankhbayar's Phoenix Capital Enterprises, though stalwart Cabo c...Read More
The 670 metre adit at the Pinargozu zinc mine in Turkey, Source: Pasinex Resources Ltd.Pasinex Resources Ltd. [PSE-CSE; PNX-FSE] said Friday December 7 that it has retracted a technical report for its Pinargozu zinc mine in Turkey following a review by the British Columbia Securities Commission (BCSC).The company said it has been advised by the BCSC that the December 20, 2017 technical report does...Read More
Diamond Drill Hole 18-SD - 421-545 metres showing chalcopyrite (copper) mineralization from the Stardust Project. Source: Sun Metals Corp.Sun Metals Corp. [SUNM-TSXV] said Friday DEcemver 7 that it is raising $5.16 million by way of a private placement to fund exploration at the Stardust polymetallic project in British Columbia.The company said it has struck a deal with PearTree Securities Inc., w...Read More
Markets around the world extended their losses this morning as trade tensions between the United States and China flare up.Just two weeks ago, the Federal Reserve warned that trade disputes and geopolitical uncertainty could result in a "particularly large" drop in the stock market.In the Fed's first-ever Financial Stability Report, the agency said:An escalation in trade tensions, geopolitical unc...Read More
Leagold Mining (TSX: LMC, OTCQX: LMCNF) is a mid-tier gold producer, with a focus on Latin America. Leagold owns four gold mines and two development projects in Mexico and Brazil. We learned from Meghan Brown, Vice President of Investor Relations at Leagold Mining, that their four mines, in total, produced 93,000 ounces of gold in the third quarter for revenue of $111 million and net income of $15...Read More
Gran Colombia Gold Corp. (TSX: GCM) is currently the largest underground gold and silver producer in Colombia, with several underground mines in operation at its Segovia and Marmato properties. The company's 2018 gold production is expected to surpass 210,000 ounces. We learned from Mike Davies, the CFO of Gran Colombia, that the high grade Segovia operations were recognized as one of the top five...Read More
Hugh Miller, associate professor of mining engineering at Colorado School of Mines, has been awarded the 2018 Medal of Merit by the Mining Foundation of the Southwest.Miller was honored during the 36th American Mining Hall of Fame Awards Banquet on Dec. 1 in Tucson, Arizona.A Mines alumnus, Miller earned his PhD, MS and bachelor's degree from the university. He joined the Mines faculty in 2005 aft...Read More
Nordic Gold (TSXV: NOR; US-OTC: FIEIF) recently poured first gold at its restarted Laiva gold mine in central Finland. Roughly 25 people attended the event where the company poured 1,234 ounces of dor?(C)."We were very happy with the results that we got," Nordic Gold president and CEO Michael Hepworth says in a telephone interview with The Northern Miner. "The previous operator, when they were in...Read More
Check this out…Nasdaq is getting killed, lately…And this…Ok, let’s not get ahead of ourselves now…But things are certainly getting interesting, wouldn’t you agree?General equities falling.Inverted yield curve.Rate hikes… for how much longer?Everyone and their mother hating gold…Etc.In any event, if/when the next gold bull run (or rally) ever does ens...Read More
In Daytona Beach, Florida, a 23-year-old burglar was spotted pacing around someone's pool. When two police officers arrived on the scene, he bolted. And he almost got away.Almost.The suspect darted towards a neighboring house and climbed on top of a shed. From there, he made it onto the roof of the house. And then in a Bond-villain-style escape, he leapt from roof to roof and tree to tree, eluding...Read More
Montan Mining Corp. (TSXV:MNY, FSE:S5GM, SSE:MNYCL) (Read full newsRead More
Maritime Resources (TSXV: MAE) announced it has just started a drill program on the Whisker gold project in Newfoundland and Labrador, Atlantic Canada.In detail, the project is located some 10 kilometres from the Hammerdown gold deposit, which sits within Maritime's 100%-owned Green Bay property and is expected to produce 180,000 ounces of gold over a 5-year life.According to the Vancouver-based c...Read More
"The exploration of gold in Beatty, Nevada is set to become a main focus of Nevada's gold industry. https://t.co/N41hBWG8zW #exploration #gold #investing"Read full newsRead More
"FPX Chairman Peter Bradshaw has received the @AME_BC 2018 Gold Pan Award for exceptional meritorious service to mineral exploration.Read full newsRead More