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Ecuador-focused miner SolGold (LON, TSX:SOLG) said drilling at its Cascabel copper-gold project in the country's north has revealed previously unknown mineralization, further increasing the size of one of the biggest copper discoveries of recent years.Together with the high-grade find, over 1.5% copper equivalent, the company has also detected mineralization within the inferred resource area at t...Read More
Driven by need, tens of thousands of women are risking death, disease and sexual violence to scrape a living in the country's informal mining sectorRead full newsRead More
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When it comes to investing in precious metals, everyone's thought goes straight to gold. However, you may be surprised to find out that at this point, gold might not be the best precious metal to invest in this year.Right now, gold costs $2,298 per ounce, making it relatively expensive. Furthermore, considering that the sales in China and India have gone down, you could say that gold is slowly (bu...Read More
"They may try to run this poor thing straight up and over a cliff. Recall the 2000 top was in March but they briefly ran it back in Sep 00. Ditto in Oct 07. When warning signs are ignored, the endings are abrupt. Maintain safety nets, but don't assume stupidity has limits." - John HussmanBefore I saw that quote from Hussman on Twitter, I was contemplating how the trading patterns this year in bond...Read More
Chinese economic growth is probably the main driver of both physical gold demand and the global bull market in stocks.Please click here now. I'm invested in China through ETFs, bank stocks, and... gold!With the possible exception of HSBC, most analysts in the West appear to be underestimating the resilience of a billion Chinese citizens working maniacally in the private sector. I'll go even furthe...Read More
It seems that Tesla (NASDAQ:TSLA) can't go a week without some big headline impacting its share price one way or another. To some degree, the actual product output of Tesla is almost secondary to the hype surrounding it, with the media focusing on a new sensationalist story on a regular basis.Indeed, some pundits have begun to narrow criticism down to a single word: credibility.Currently down 4% o...Read More
With boosted production in lithium and copper set to water down prices (the latter resource will see an extra millions tons hit the market through 2023), gold remains the metal to get into. Add to this China's current hunger for gold, which is currently helping prop up shares in the yellow stuff and it would appear that the mining industry still has a favourite commodity.Let's see what's going on...Read More
The Dow Jones China Broad Market Index (INDEXDJX:DJCHINA), an ETF designed to track movements in the Chinese stock market, is up more than 32% since the second week of February.If that doesn't tell you anything about the state of the market's current mindset toward the prospects of a potential trade deal between the United States and China, then frankly I'm not sure what will.Not only would a pote...Read More
According to its preliminary quarterly results released yesterday, Pan produced more than 10,000 ounces for the first time.Read More
Drill core from the Tom West Zone showing layers of zinc and lead rich mineralization.With backing from a major zinc producer, Fireweed Zinc Ltd. [FWZ-TSXV] says it is planning a summer drill program that will focus on regional exploration around its Macmillan Pass zinc-lead-silver project in the Yukon Territory of northwest Canada.The plan is to show that Macmillan Pass is truly a district-scale...Read More
Diamond drilling on the Blue Ridge Project in central Virginia, U.S.A. Source: Aston Bay Holdings Ltd.Aston Bay Holdings Ltd. [BAY-TSXV; ATBHF-OTCQB] shares were active Wednesday April 10 after the company said it has begun mobilizing for drilling at its Buckingham gold property in central Virginia, U.S.A., located within the same region of Virginia as the company's recently acquired Blue Ridge Pr...Read More
Tick-tock, tick-tock goes the OPEC clock.And make no mistake; higher oil prices are coming.All the ducks are in a row, and they're being knocked out one by one.And the biggest catalysts for a crude spike this summer are all connected to OPEC. We've been following the collapse of Venezuela's oil industry for years, and it won't take much more for the entire house of cards to topple. We're even at t...Read More
GoviEx Uranium Inc. (TSX-V: GXU; OTCQB: GVXXF) is a junior exploration company, focused on becoming a significant uranium producer through the continued exploration and development of its mine, permitted and construction-ready Madaouela Project in Niger, permitted construction-ready Mutanga project in Zambia, and the Falea project in Mali. At PDAC 2019, we learned from Daniel Major, President and...Read More
With the gold market's supply and demand numbers coming in for the first two to three months of 2019, one of the features of this year that's coming into focus is the strong buying of gold by central banks around the world.And yes, there is a distinct geopolitical element to it all, as these central bank buyers are predominantly from countries that stand in direct economic or political opposition...Read More
Para Resources (TSXV: PBR; US-OTC: PRSRF) will drill five holes totalling 3,750 feet in conjunction with a geophysical program at its Tr-Ue gold vein near Oatman, Arz., and 1.5 miles from the company's Gold Road mill and mine.The program will begin in May 2019 and explore around the historic United Western and United Eastern gold mines.United Western operated between 1928 and 1940, producing 40,0...Read More
Spot iron ore prices rose from US$75 per tonne to US$95 per tonne in the weeks following the Brumadinho dam disaster at Vale's (NYSE: VALE) Feijao iron ore mine in Brazil, before settling in at about US$85 per tonne, according to the latest research on the global iron ore market by the Macquarie Group.Spot prices are now back up at the US$95 per tonne level as lower shipment volumes out of Austral...Read More
President Trump signed a memo last week that you didn't hear about.Its goal is to eradicate black market crimes that will soon cost economies a half trillion dollars each year - counterfeit and pirated goods.One fifth of that total - some $100 billion annually - infringes directly on American intellectual property.And while the memo didn't say it directly, Trump has retailers like Alibaba, Amazon,...Read More
In a statement released hours ago, Vale said it was awarded the amount on Friday "for fraud and breaches of warranty by BSGR in inducing Vale to enter into a joint venture to develop a concession for mining iron ore in the Simandou region".It said the Republic of Guinea revoked the concession in 2014 after a finding that BSGR had obtained it through bribery of government officials, while finding V...Read More