Silvercrest Metals (TSXV: SIL; NYSE: SILV) continues cutting high grade mineralization at its Las Chispas silver property in Sonora, Mexico.The latest results from a phase three infill drill program at the property included 9.3 metres grading 39.66 grams gold and 3,361 grams silver, or 6,336 grams silver equivalent, from 194 metres downhole and 2.4 metres at 4.3 grams gold and 1,571.5 grams silve...Read More
Silvercrest Metals (TSXV: SIL; NYSE: SILV) continues cutting high grade mineralization at its Las Chispas silver property in Sonora, Mexico.The latest results from a phase three infill drill program at the property included 9.3 metres grading 39.66 grams gold and 3,361 grams silver, or 6,336 grams silver equivalent, from 194 metres downhole and 2.4 metres at 4.3 grams gold and 1,571.5 grams silve...Read More
In his first Discovery Watch interview of 2019, John Kaiser of Kaiser Research Online suggests that Golden Triangle driller Sun Metals (Sunny; SUNM) achieved two important accomplishments last month. Leading up to December of last year, Mr. Kaiser believes the company demonstrated via recent exploration activities that its Stardust project likely has a new dimension of higher-grade mineralization...Read More
Metso announced on October 26, 2018 its decision to invest in a new greenfield valve technology center in Jiaxing, China. The groundbreaking ceremony for the new plant took place today. The new technology center will start operations in spring 2020 and will serve the local and global markets."This is an exciting day for both Metso and our valve customers in various process industries globally - we...Read More
Iron ore's rally over the past month, with benchmark material pushing back into the $70s, is at risk as banks including Goldman Sachs Group Inc. and Morgan Stanley warn that prices are poised to drop back.While industry fundamentals have improved, current prices won't last as more supply is on the way, Goldman analysts including Hui Shan said in a note received on Wednesday. The bank expects a dec...Read More
Vancouver-based Strikepoint Gold has completed 4,304 metres of diamond drilling from surface last year at the historic Porter and Silverado mines near Stewart. The best assay was 819 g/t silver over 5.0 metres from the D vein at Porter.Other high grades with shorter intersections along the Blind vein included 2,241 g/t silver over 1.0 metre and 637 g/t over 2.0 metres. Strikepoint says this is s...Read More
Tiffany & Co. is telling consumers where its diamonds come from as the jeweler tries to become more transparent in a notoriously opaque industry. Its top executive says the change was imperative."This is a topic that has become more and more relevant for new generations," Chief Executive Officer Alessandro Bogliolo said in an interview with Bloomberg TV. "This is our duty, as a leader in diamonds,...Read More
Copper Mountain Mining of Vancouver met its 2018 full-year guidance with the production of 78.9 million lb. of copper from its Copper Mountain project 20 km south of Princeton. The mill treated 40,000 t/d with an average head grade of 0.31% copper.Copper equivalent production was 92.4 million lb., which includes 28,250 oz. of gold and 273,910 oz. of silver.Copper Mountain gave the following guida...Read More
ALX Uranium (TSXV: AL) and Denison Mines (TSX: DML) announced today they've just launched a winter diamond drilling program at the Hook-Carter uranium project located in the southwestern Athabasca Basin of Saskatchewan, Canada.The project, which is owned 80% by Denison and 20% by ALX, consists of 80 claims covering 24,229 hectares and is located approximately 375 kilometres northwest of the town o...Read More
San Marco Resources (TSXV: SMN) today announced that, following the completion of a first-phase of exploration and evaluation, experts were able to confirm the existence of a porphyry copper-molybdenum-gold system at the Esp?-ritu SMR property in northern Mexico's Sonora state.The 4697-hectare Esp?-ritu SMR property is located approximately 15 kilometres east of the town of Sahuaripa and is 100% o...Read More
Shares in Egypt-focused gold miner Centamin (LON:CEY) (TSX:CEE) nosedived Wednesday in London after the company posted a 13% drop in full-year gold output from Sukari, its only operating mine and the African country's sole bullion-exporting operation.The company produced 472,418 ounces of gold at the Sukari mine last year, compared to 544,658 ounces in 2017, due to disruptions and lower grades at...Read More
At least 40 people died and another 10 were injured in a gold mine collapse Sunday in northern Afghanistan, authorities said.Read full newsRead More
Mining chatter in the Yukon these days is all about the yellow metal. It's been that way for at least 10 years, according to geologist Mike Burke, who spent more than 20 years working for the Yukon Geological Survey before moving to the private sector."People were having a hard time in 2008, and then along came Kinross and bought Underworld Resources. That started an area play," Burke recalls. Now...Read More
January 8, 2019 It's time for the queen of assets to rest and consolidate. Nothing goes up in a straight line, and that's certainly true for gold!Please click here now. Double-click to enlarge this daily gold chart.A pullback to about $1250 would be a healthy 50% retracement of the $100 rally from $1200 to $1300.Gold begins 2019 with some very positive news in play. Please click here now. After a...Read More
Silver's latest rally, which sees the metal up by over 12% from 2018 lows to be trading at US$15.65 per ounce, has sparked considerable speculation that 2019 is the year that the precious metal will shine. This has breathed life into primary silver miners like First Majestic Silver (TSX:FR)(NYSE:AG), which has gained a remarkable 17% over the last month. That - along with an improving outlook for...Read More
Last year was a tough one for silver miners. Silver opened the year at over US$17 an ounce, but by November 2018 it had plunged to under US$14 per ounce, and there were signs that the white metal was caught in a protracted slump. While the overall outlook for silver remains stagnant for 2019 with higher gold prices the only positive catalyst for the precious metal, it shouldn't deter investors fro...Read More
The stock market has gone "Roman Candle" since Fed Chairman, Jerome Powell, gave a speech that was interpreted as a precursor to the Fed softening its stance on monetary policy. Not that intermittent quarter-point Fed Funds rate nudges higher or a barely negligible decline in the Fed's balance sheet should be considered "tight" money policy.Credible measures of price inflation, like the John Wil...Read More
"Talks with China are going very well!" US president Donald Trump tweeted earlier. Commodities were mixed, with copper closing lower on the London Metal Exchange and palladium hitting a fresh high.It was worth US$1,321 an ounce on the spot market earlier - above gold's value of $1,281.50/oz.Among the majors, Freeport-McMoRan closed up 1.8% in New York and Rio Tinto (LSE: RIO) gained 0.8% in London...Read More
The Zgounder silver mine in Morocco. Source: Maya Gold & Silver Inc.Maya Gold & Silver Inc. [MYA-TSX; MYAGF-OTC] achieved a key milestone Wednesday January 9 with the announcement that its flagship Zgounder silver mine in Morocco has reached the commercial production stage. Maya is a Morocco-focused company with a portfolio that also includes the Boumadine polymetallic deposit, located in...Read More
GT Gold's exploration camp on the Tatogga property in the Golden Triangle region of northwestern British Columbia. Source: GT Gold Corp.GT Gold Corp. [GTT-TSXV, GTGDF-OTC] shares were active Wednesday January 9 after the company said the final and deepest hole of its Saddle North porphyry drill program (hole TTD109) returned the strongest intercepts reported so far. The Saddle North discovery is l...Read More