The Orefinders Resources McGarry Mine Project in the Abitibi Gold Belt, northeastern Ontario. Source: Orefinders Resources Inc.Orefinders Resources Inc. [ORX-TSXV; OTC-ORFD] on Friday May 25 said its shareholders have approved a plan that will see the spin-out of its Ontario silver-cobalt assets into a new company, Power Ore Inc.Orefinders shares advanced on the news, rising 5% or $0.005 to 10.5 c...Read More
Oil prices are climbing back to alarming levels. And consumers are just now really starting to feel it at the pump.How much was gas the last time you fueled up?AAA reports the national average for gasoline right now is $2.95 per gallon. But that's just the average. In some places, premium is already over $5 a gallon. And as we begin the summer driving season this weekend, it's likely gas prices ar...Read More
Vancouver, British Columbia - May 25, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Great Bear Resources (TSXV: GBR) (the "Company" or "Great Bear"),today announced results from the first 5 drill holes of its Phase 2 drill program at its Dixie project in the Red Lake district of Ontario. A total of 15 holes were drilled along 2.3 kilometres strike length of a prospective geological contact, t...Read More
Thunder Bay, Ontario - May 25, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to announce the receipt of positive exploration results from a diamond drill program completed by its partner, Rio Tinto Canada Exploration Inc. ("Rio Tinto") on the Company's Bark Lake Cu-Ni-PGE ("copper-nickel-platinum group element") project....Read More
Fun with Positioning and SentimentLast week we discussed the gold sector "conundrum" - the odd fact that there is apparently quite strong demand for gold despite a macroeconomic environment that would normally be considered quite bearish for the metal. Gold recently seems to have lost its last remaining inter-market "ally" if you will, as the dollar has begun to enter an uptrend as well. Positioni...Read More
Toronto, Ontario - May 25, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) ("Aurania" or the "Company") is pleased to announce that its common shares are now trading on the OTCQB Venture Market ("OTCQB"), a U.S. trading platform that is operated by OTC Markets Group in New York. The Company will trade on OTCQB under the symbol "AUIAF "; the Comp...Read More
May 25, 2018 (Investorideas.com Newswire) Proven and Probable's Maurice Jackson interviews DNI Metals Executive Chairman Dan Weir, who discusses his company's plans for its projects in Madagascar.Maurice Jackson: Our feature issuer is establishing itself to become one of the world's leading in graphite producers, DNI Metals. Joining us for our conversation is Dan Weir, the executive chairman of DN...Read More
May 25, 2018 (Investorideas.com Newswire) A Canadian precious metals mining company recently announced its newest acquisition, as well as 2018 drilling plans for its other major projects.Golden Ridge Resources Ltd. (GLDN:TSX.V), a precious metals explorer located in Canada,has announced its newest acquisition of a gold project in British Columbia. Before diving into that, let's take a quick recap...Read More
For a long time, the Arctic was just a frozen hellscape, home only to penguins, seals, polar bears, and the most adventurous scientists and explorers.But that's no longer the case.The world is getting warmer and the ongoing transformation is apparent.The Greenland ice sheet is shrinking. There's been a rapid decline in floating sea ice. Permafrost is thawing. And plants and shrubs are taking over...Read More
A fireside chat with Pan American Silver chairman Ross Beaty at the Canadian Mining Symposium in London on April 25, 2018.Moderator: Gianni Kovacevic, ?EUR?Executive Chairman and Chief Executive Officer, Copperbank.Read More
A fireside chat with Franco Nevada chairman Pierre Lassonde at the Canadian Mining Symposium in London on April 24, 2018.Moderator: Anthony Vaccaro, Group Publisher, The Northern Miner Group.Read More
Gold Resource Corporation (NYSE American:GORO) (the "Company") declares its monthly instituted dividend of 1/6 of a cent per common share for May 2018 payable on June 25, 2018 to shareholders of record as of June 11, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. Read full newsRead More
Pancontinental Gold Corporation (TSXV:PUC) (Read full newsRead More
CloseGain/LossGold $1304.40+$10.80Silver$16.66+$0.21XAU84.38 +1.48%HUI 182.28+1.33%GDM 629.88+1.16%JSE Gold993.02+20.37USD93.77-0.19Euro117.23+0.25Yen91.66+0.68Oil$70.71-$1.1310-Year2.972%-0.021T-Bond142.875+0.65625Dow24811.76 -0.30%Nasdaq 7424.43-0.02%S&P 2727.76-0.20% The Metals: Gold gained $13 to $1306.60 by midmorning In New York before it drifted back lower at times, but it still...Read More
Gold Rarity and Value Shown In Stunning Gold Visualisationsby Jeff Desjardins of Visual CapitalistSince Ancient times, gold has served a very unique function in society.Gold is extremely rare, impossible to create out of "thin air", easily identifiable, malleable, and it does not tarnish. By nature of these properties, gold has been highly valued throughout history for every tiny ounce of weigh...Read More
Trade wars are always bullish for gold and safe havens. There are also reports that US army has attacked Syrian army. Other than US interest rate hike, rest of the factors are bullish for gold. US June interest rate hike is more or less a done deal. At the beginning of the year, I had written that my bullish assumption of gold is based on four interest rate hikes by the Federal Reserve this year...Read More
Having collapsed this morning following a profit warning (and mass layoffs) this morning, we suspect the following chart will start to send Deutsche Bank counterparties scrambling for protection...Read full newsRead More
At press time, bitcoin (BTC) is priced at US$7,820 with a 5% loss over the last 24 hours of trading. Ethereum (ETH) is currently trading at US$610 and Ripple at US$0.62. BCash (BCH) has lost over 11% in overnight trading, with similar downward trends being exhibi...Read full newsRead More
A salar-size gap has opened up between bulls and bears in the lithium market.In March Morgan Stanley sent shares of lithium companies tumbling after the investment bank forecast overproduction of the battery raw material and plunging prices.Some in the industry characterized the New York bank's assessment as little more than a hit job to help a client pick up assets cheaply. Miners pointed to th...Read More
THOOTHUKUDI, India, May 24 (Reuters) - India's Tamil Nadu state said on Thursday that it was seeking a permanent closure of a big copper smelter run by London-listed Vedanta Resources after 13 people died in protests demanding the closure of the plant on environmental grounds."The government's position is very clear, it doesn't want the plant to run," said Sandeep Nanduri, the top official of the...Read More