Mr. David Wolfin reportsAVINO ANNOUNCES Q2 2018 PRODUCTION RESULTSAvino Silver & Gold Mines Ltd. has released its second quarter 2018 production results from its Avino property near Durango, Mexico.Silver equivalent production in the second quarter of 2018 increased by 6 per cent compared with the second quarter of 2017 due to extra production from the commissioning of mill circuit 4. Copper p...Read More
"Nevsun has said Lundin's latest offer (C$1.4b in cash) still undervalues the company and its assets | https://t.co/cvkJe9R3MD#TSX #NSU #copper #zinc"Read full newsRead More
South African gold producers have offered annual wage increases of around 5 to 6 percent over three years to most rank and file miners and up to 4.5 percent for more skilled workers, according to a document seen by Reuters.Gold producers have been giving above-inflation wage hikes for years, adding to the cost burden of an industry that has been battling in the face of depressed prices, labour unr...Read More
July 17, 2018 - Vancouver, BC - ATAC Resources Ltd. (TSX-V:ATC) ("ATAC") is pleased to announce results of the first three holes drilled from the Conrad Deposit step-out diamond drilling program within the Osiris Project, located at its Rackla Gold Property, Yukon.Highlights New nea...Read full newsRead More
Cameco Corp. (TSX:CCO)(NYSE:CCJ) is up 30% since early February, but market, geopolitical, and company-specific challenges prevail.Let's take a look at Canada's largest uranium producer to see if this is the right time to put Cameco on your contrarian buy list.Market woesUranium spot prices are trending around US$23 per pound. In early 2011, before the tsunami hit the coast of Japan, utilities pai...Read More
The global economic upswing in conjunction with emerging supply constraints has helped fuel the latest oil rally and generate renewed confidence among financial markets. This has led to a stronger U.S. economy, which along with higher interest rates, have helped buoy the U.S. dollar, thereby hitting precious metals hard. In recent weeks, gold has tumbled, falling from over US$1,340 an ounce to tra...Read More
Over the years, I've asked several skeptics of the idea that Central Banks and Governments, using the bullion banks as their agents, manipulate the gold price this question: The Big Banks have been convicted and fined numerous times for manipulating interest rate and currency markets. Is it realistically conceivable given this fact that they would leave the gold market alone? The question...Read More
The Kerr Mines Copperstone Mine 16 km north of Quartzite, western Arizona. Source: Kerr Mines Inc.Kerr Mines Inc. [KER-TSX; KERMF-OTC; 7AZ1-FRA] on Wednesday July 18 announced a US$27.6 million project financing deal for its 100%-owned Copperstone Mine in Arizona.Kerr said it has signed a letter of intent with Pandion Mine Finance LLC for the funds that will be used to finance development and prod...Read More
Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,477.40, down 41.84 points)Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down 30 cents, or 5.75 per cent, to $4.92 on 15.7 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Down one cent, or 0.13 per cent, to $7.96 on 6.4 million shares.Trevali Mining Corp. (TSX:TV)....Read More
Canada could face a larger trade dispute with the U.S. after the Department of Commerce launched another national security investigation, this time by looking into uranium imports.Commerce Secretary Wilbur Ross announced the investigation Wednesday, noting U.S. production of uranium for military and electric power has decreased to five per cent of its consumption from 49 per cent in 1987."The D...Read More
Nemaska Lithium Inc. (TSX:NMX, OTCQX:NMKEF, FRANKFURT:N0T) is a pure play lithium investment, solely focused on developing its Whabouchi lithium project, in Quebec, into a viable lithium mine and electrochemical plant and becoming a leading supplier of lithium hydroxide and lithium carbonate to the emerging lithium battery market, as well as other applications. Nemaska Lithium plans to be one of t...Read More
A chemical and biological engineering professor at Colorado School of Mines has been awarded funding from the American Chemical Society to investigate the fluid dynamic properties of gas hydrates.Assistant Professor Joseph Samaniuk will receive $110,000 over two years from the society's Petroleum Research Fund (ACS-PRF) for the research project "Connecting the dynamics of interfacial gas hydrate f...Read More
Oil, oil, everywhere, but not a drop to burn.Oil, oil, everywhere, even as their drills turn.We've been watching the deathward spiral of Venezuela's oil industry for the last few years, and every time I see a chart of Venezuela oil production, I cringe.You can see that painful picture for yourself below:That's the last 10 years of Venezuelan oil production, and the recent numbers are even worse. T...Read More
This Miner Moment features an excerpt from TNM Podcast #112 of Lucara Diamond president and CEO Eira Thomas telling about her company's plans to "completely disrupt how we sell diamonds" via Lucara's recent purchase of privately held Clara Diamond Solutions Corporation, which developed a proprietary secure digital sales platform for diamonds.Alisha HiyateThis podcast was recorded live at The North...Read More
Ahead of his coming summit with Donald Trump, Vladimir Putin was busy liquidating Russia's US Treasury holdings...Read full newsRead More
"How are high-powered business #analytics having a material impact on mining? join Arun Narayanan, Group Head Data Analytics @AngloAmerican at Future of Mining Americas as he guides you on building a #digital innovation culture #FutureofMining #FOMAmericas https://t.co/H5eBCRjVsc"Read full newsRead More
Demand for diesel cars is already dropping fast, but the decline will accelerate, a study suggests.Read full newsRead More
CloseGain/LossGold $1227.80-$13.40Silver$15.58-$0.21XAU80.03-0.14%HUI172.93-0.07%GDM608.11-0.19%JSE Gold1024.16+9.15USD94.95+0.43Euro116.65-0.47Yen88.75-0.16Oil$68.08+$0.0210-Year2.863%+0.010T-Bond145.0625-0.625Dow25119.89+0.22%Nasdaq7855.12+0.63%S&P2809.55+0.40% The Metals: Gold edged up to $1245.00 in Asia before it dropped back to $1226.10 in late morning New York trade and then bounced...Read More
- Global debt time bomb surges to nearly a 'Quarter Quadrillion' ($250T)- "The $247 trillion global debt bomb" Washington Post warn - Debt surges globally and global debt is up almost $150 trillion in just 15 years according to analysis by the Institute of International Finance- Debt expansion appears to be accelerating and in Q1,2018 alone, global debt surged by another $8 trillion - A...Read More
"My review of @NewtonTheFilm. And what I am buying: @FPX_Nickel @Novo_resources @NevsunNSU $ATM $RIO $GMX $CN $REN $VAL @amarillogold $ALTS @AWETSXV $KRS @TreasuryMetals @Artemis_ARV @VR_Resources https://t.co/OOoGL6b59J"Read full newsRead More