Since slipping to a multi-year low of just over US$14 an ounce last month, silver remains weak. Even after rallying 3% over the last month, silver is still down by 15% for the last year. This is weighing heavily on the performance of many silver miners, dragging the Global X Silver Miners ETF down by a whopping 26%.Even primary silver miners with high-quality assets and strong balance sheets are s...Read More
Gold's latest weakness, which sees the yellow metal down by 8% over the last year, has caused the market to punish gold mining stocks and force the VanEck Vectors Gold Miners ETF down by a whopping 20% over that period. Some precious metals miners and streamers such as Osisko Gold Royalties (TSX:OR)(NYSE:OR) have been hit even harder. Its stock has plummeted by over 38%, as rumours swirl that the...Read More
Choco 10 MineRusoro Mining Ltd. [RML-TSXV] rallied on heavy volume Thursday October 11 after the company said it has agreed to a settlement proposal with the Bolivarian Republic of Venezuela, by which Venezuela agreed to pay Rusoro over US$1.28 billion to acquire the company's mining data and for full release of the arbitral award issued in favour of the company in August, 2016.The arbitral award...Read More
The Gladitaor gold deposit in the Urban-Barry Camp of northwestern Quebec. Source: BonTerra Resources Inc.When Bonterra Resources Inc. [BTR-TSXV; BONXF-OTC; 9BR1-FSE] recently snapped up Metanor Resources Inc. in a $78 million deal, the plan was to create a new gold exploration and development company with a focus on Quebec's Urban Barry mining camp.By attaining control of three advanced high-grad...Read More
Capstone Mining's mill at the Minto copper mine in the Yukon which has been placed on care and maintenance. Source: Capstone Mining Corp.Capstone Mining Corp. [CS-TSX said Thursday it is terminating a deal to sell its Minto Mine in the Canadian Yukon to Pembridge Resources Plc. [PERE-LON]. Capstone also said it is immediately putting the mine on care and maintenance while it waits for copper and e...Read More
The Canadian government says it will impose a 25 per cent surtax on some foreign steel products in a bid to head off dumping.The Finance Department said "excessive imports" are harming the steel industry, prompting it to impose a surtax on seven products that range from rebar to wire rods.The surtax, which begins Oct. 25, will be in place for 200 days, pending an inquiry by the Canadian Interna...Read More
WASHINGTON - President Donald Trump on Thursday escalated his attack on the Federal Reserve's interest rate increases, asserting that "the Fed is out of control" and blaming it for this week's plunge in stock prices."It's a correction that I think is caused by the Federal Reserve with interest rates," Trump said when asked by reporters in the Oval Office about the stock market swoon.He added, "We...Read More
VANCOUVER - A Vancouver-based mining company says soft copper and equity markets have combined to undermine the sale of its property in central Yukon, so it plans to shut the Minto Mine until a better opportunity is found.Capstone Mining Corp. says in a release that Pembridge Resources has been unable to arrange financing to purchase the copper mine, and the two companies have terminated the ag...Read More
Today I've decided to avoid the lengthy introductions and cut right to the chase.If you're a regular reader of these pages, you've been listening to me sing the praises of the cannabis market for nearly four years now.You've listened to me bitch and moan about the prohibition of cannabis.You've watched videos of me speaking to large groups of investors about why every single person should have som...Read More
Nevada Copper Corp. (TSX: NCU) is focused on the near-term commencement of copper production at the Pumpkin Hollow copper project near Reno, Nevada in the Yerington District. There are two fully-permitted adjacent projects at Pumpkin Hollow: the high-grade underground project, which is in construction. Initial production is planned by the end of 2019, and the open pit project, a large-scale copper...Read More
October 11, 2018 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce it has successfully completed the acceleration (the "Acceleration") of 7,250,000 share purchase warrants (the "Warrants") issued pursuant to a private placement of units that closed in April 2016. On completion of the Acceleration, 4,044,000 Warrants were exercised (of which 1,340,000 Warr...Read More
A Colorado School of Mines professor has secured National Science Foundation funding for a state-of-the-art instrument that will allow researchers to gain a three-dimensional view of the shape, composition and bonding of a wide variety of materials.David Diercks, research assistant professor of metallurgical and materials engineering, was recently awarded $999,700 from the NSF Major Research Instr...Read More
U.K.-based Pembridge Resources (LON: PERE) has been unable to secure funds to complete its acquisition of Capstone Mining's (TSX: CS) Minto copper-gold-silver mine in Yukon under an agreement first forged in February 2018 and initially expected to close in April. As a result, Capstone is putting the mine on care and maintenance and says it is exploring its options.The original acquisition terms ha...Read More
In 2019, the Canadian Mining Hall of Fame will welcome five new inductees: Kate Carmack, James M. Franklin, James W. Gill, A. M. (Sandy) Laird and Brian K. G. Meikle. The thirtieth annual induction dinner is set for the evening of Jan. 10, 2019, at the Metro Toronto Convention Centre in downtown Toronto.The Northern Miner is a co-founding sponsor of the Hall of Fame, along with the Canadian Insti...Read More
Endeavour Silver (TSX: EDR; NYSE: EXK) predicts it will miss its 2018 production guidance by 5% due to delayed commercial production at its El Compas silver mine, lower gold grades at its Bolanitos silver-gold mine, and lower output at its Guanacevi silver-gold mine. The company added it also may not meet its 2018 cost guidance as a result.The company suspended the plant at El Compas in August to...Read More
"It's only after we've lost everything that we're free to do anything."Tyler Durden, Fight ClubAs an idealistic young man, I may have agreed with the preceding statement. Before I had a house, a car, a wife, and a couple of kids, losing everything may have been a blessing. I could have traveled the world, and lived out of a suitcase. I may have bought a second-hand motorcycle and zipped across the...Read More
The Dow Jones lost over 1300 points in the past two trading days,Read More
The debt maturity countdown is officially on for Elon Musk and Tesla.Read full newsRead More
The bonuses that the company is dropping include grants of Amazon stock, which has proven to be a lucrative investment in recent years...Read full newsRead More
CloseGain/LossGold $1193.10+$3.00Silver$14.30-$0.10XAU65.51+0.98%HUI143.57+1.57%GDM516.73+0.93%JSE Gold1048.55-17.34USD95.54-0.12Euro115.23+0.27Yen88.94+0.38Oil$73.17-$1.7910-Year3.194%-0.009T-Bond137.50-0.21875Dow25598.74-3.15%Nasdaq7422.05-4.06%S&P2785.68-3.29% The Metals: Gold dipped $4.60 to $1185.50 at about 8:30AM EST, but it then rallied back higher for most of the rest of trade and...Read More