Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
World Copper Ltd. released an updated mineral resource estimate (MRE) for its 100%-owned Zonia copper project in Arizona.World Copper Ltd. (WCU:TSX.V; WCUFF:OTCQB) has released an updated mineral resource estimate (MRE) for its 100%-owned Zonia copper project in Arizona.The total resources have increased by about 90% to about 198 million tons from a 2017 estimate, with contained metal increasing b...Read More
Goldstorm now hosts an indicated resource of 641.9Mt grading 1.13gpt gold equivalent containing 18.75Moz gold, 112.44Moz silver and 2.18Blb copper for 23.37Moz of gold equivalent.Read More
Gold Fields will have a two-thirds interest and be the operator, with AngloGold having a one-third interest in the proposed JV. The government of Ghana will retain its 10% interest in Tarkwa.Read More
The Critical Raw Materials Regulation sets targets for the domestic supply to meet at least 10% of the EU's annual consumption for extraction, 40% of processing, and 15% of recycling, of critical rawRead More
'Security of tenure' at centre of new Saudi mining codeSPONSOREDsaudi ministry of industry and mineral resourcesZenith Minerals 'leveraging pedigree in explorationSPONSOREDzenith minerals limitedIris Zone proves Catalyst theory on Bendigo Goldfield northern extensionSPONSOREDcatalyst metals ltdArizona Sonoran prepares for lift-off at CactusSPONSOREDarizona sonoran copper company inc."P...Read More
(IDEX Online) - Pharrell Williams, the US singer/songwriter best known for "Happy" tomorrow (17 March) launches a high jewelry sale on his digital-first auction house.A Journey Through Gems will feature a 50-carat D Flawless Type IIa heart-shaped loose diamond and a pair of 18k white gold 4-panel diamond shape earrings with natural purple sapphire, as worn by Taylor Swift at the 2023 Grammy Awards...Read More
Arizona Sonoran prepares for lift-off at CactusSPONSOREDarizona sonoran copper company inc.Iris Zone proves Catalyst theory on Bendigo Goldfield northern extensionSPONSOREDcatalyst metals ltdZenith Minerals 'leveraging pedigree in explorationSPONSOREDzenith minerals limited'Security of tenure' at centre of new Saudi mining codeSPONSOREDsaudi ministry of industry and mineral resourcesTh...Read More
(IDEX Online) - Petra Diamonds yesterday reported sales of $72.1m at its fourth tender of FY2023, down 49 per cent year-on-year but up 71 per cent on its third tender, in December.Like-for-like prices - excluding revenue from single and exceptional stones while normalizing for the product mix impact - were up 12.5 per cent on Tender 3.That reflects a post-Covid recovery in China, boosted by t...Read More
Formerly an artisanal mining deposit, the newest deposit is around 16km2 and will be brought into production alongside the company's Atlas Fox deposit, also in Morocco.Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. Index futures were virtually unchanged following release of the March Philly Fed Index and February Housing Starts at 8:30 AM EDT. Consensus for the Philly Fed Index was -7.50 versus -5.80 in February. Actual was -23.2. Consensus for February Housing Starts was 1.430 million units. Actual wa...Read More
Some people have big bucks in the bank. But certainly not most American families. Indeed, the average American has more or less zero savings. You've probably seen stories about how most Americans cannot afford $500 to repair their car or move from one apartment to another. That's the general, sad state of the U.S. economy these days.At any rate, it's fair to say that these well-heeled, over-$250,0...Read More
Lately, you've heard much about the term "deposit insurance." As in, how U.S. bank accounts are insured to $250,000 by the Federal Deposit Insurance Corp. (FDIC).Most of the discussion has been in the context of the failed Silicon Valley Bank (SVB) of Santa Clara, California, the second largest bank failure in U.S. history.Let's discuss bank failures for a moment. Then, I'll tell you about an enti...Read More
Happy Thursday from beautiful Northern Italy!There are times I wish I was unaware of what's going on in the world.Especially since last Sunday.I won't lie. The thought of Meghan and her ginger nut Prince becoming paupers lit me up like a Christmas tree.I was so excited to use this meme. It's devastating that it's no longer valid.It would've been so delicious. Ironic, even.And I lived in England lo...Read More
Two activist shareholders with 'substantial' holdings in Azimut Exploration (TSXV: AZM) have accused the junior of "squatting" on some of Quebec's most prospective lithium lands.Coloured Ties Capital (TSXV: TIE) and privately held Bullrun Capital this week issued a second open letter to Azimut's founder, president and CEO Jean-Marc Lulin, accusing the geologist of refusing to acknowledge or engage...Read More
Navoi Mining and Metallurgical Co., the world's fourth-largest gold company by output, plans to start another mine in its Uzbekistani homeland this year while intending to go public eventually with a stock market listing in the West.Eugene Antonov, deputy CEO and chief transformation officer of the state-owned company, said he met with Canadian banks and TSX officials during Navoi's first visit to...Read More
South America-focused Nexa Resources (NYSE: NEXA) expanded the resource at its Aripuan?? zinc and copper mine in Mato Grosso state, Brazil by enough to extend the operation's life by three years. Nexa, one of the five largest metallic zinc producers globally, added 8.3 million tonnes of probable mineral reserves after more than 34,000 metres of infill drilling last year, the company said in a fil...Read More
Peninsula Energy (ASX: PEN) has delayed the restart of commercial production at its Lance project in Wyoming, from the first quarter of this year until mid-2023.According to the Australia-based company, there has been a delay in the delivery of equipment."The current inflationary economic environment and very real supply-chain constraints, in combination with an unusually difficult Wyoming winter,...Read More
Newmont (TSX: NGT; NYSE: NEM) has partnered with the U.S. National Renewable Energy Laboratory (NREL) to study a new approach for direct air sequestering of carbon in mine tailings.The rapid electrochemical mineralization to form dolomite (REMineD) method will be explored in the three-year US$4.38 million project. Co-funded by the U.S. Department of Energy's Office of Fossil Energy and Carbon Mana...Read More
Mali has granted an environmental permit for Roscan Gold's (TSXV: ROS; US-OTC: RGCF) Kandiole project-the penultimate step that precedes securing a final mining licence, the company reports.CEO Nana Sangmuah said the permit not only "significantly de-risks" the project but also "signals that Mali is open for business and continues to lay the foundation for further growth in production with a quick...Read More
A proposed joint venture between Gold Fields' (NYSE: GFI) Tarkwa and AngloGold Ashanti's (NYSE: AU) Iduapriem mines in Ghana would create Africa's largest gold mine and one of the world's biggest open-pit gold operations.In a joint news release Thursday, the companies said they have agreed to key terms of a JV that would see the neighbouring mines producing a total of nearly 900,000 oz. gold from...Read More