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
Scientists have grown perfect human blood vessels as in a petri dish for the first time ever. The scientific breakthrough shows how engineering technology Continue...Read More
Toronto-based Eastmain Resources reports the results for the last three drill holes completed in 2018 at the Percival discovery. Percival is part of the company's 100% owned Clearwater gold project in the James Bay area. The deposit is only 14 km from the Eau Claire gold project where pre-development activities are occurring.The Percival discovery is only 14 km from the 1.3-million-oz. Eau Clair...Read More
Socialist messiah Alexandria Ocasio-Cortez recently made a comment that has some people shaking their headsContinue...Read More
"Thanks to the leadership of this commander in chief and the courage and sacrifice of our armed forces, we're now actually able to begin to hand off the fight against ISIS in Syria Continue...Read More
MineHub Technologies and IBM (NYSE: IBM) today announced a collaboration to use blockchain technology to help improve operational efficiencies, logistics and financing and reduce costs in the high-value mineral concentrates supply chain - from mine to end buyer.Goldcorp Inc. (TSX: G), ING Bank (NASD: ING), Kutcho Copper Corp. (TSXV: KC), Ocean Partners USA Inc. and Wheaton Precious Metals Corp. (T...Read More
Vancouver-based WPC Resources Inc. (TSXV: WPQ) announced on Wednesday that effective January 18, 2019, the company will change its name to Blue Star Gold Corp.Blue Star will be a Vancouver-based gold and silver exploration company focused on mineral exploration and development in Nunavut, Canada. Through its subsidiary, Inukshuk Exploration Inc., the company will own the 8,015 hectare Hood River g...Read More
Mexican mining-union leader and newly installed Senator Napoleon Gomez Urrutia is ready to take on companies that he says don't pay enough taxes, pollute the environment and enjoy concessions he deems are too long. Mining shares tumbled.An old foe of Grupo Mexico SAB, Gomez Urrutia is reviewing mining concessions in the country and thinks companies in the industry should contribute more to the gov...Read More
Consolidation season has finally arrived in the goldfields, just as many experts and analysts have been predicting for some time now. With exploration budgets having been slashed since their 2012 peak, and because there are today fewer and fewer ounces of gold available to be mined, one way forward for producers of all sizes will be to ramp up mergers and acquisitions (M&A) activity. The world's l...Read More
IAMGOLD (TSX: IMG; NHYSE: IAG) expects to produce fewer gold ounces while incurring higher all in sustaining costs and total cash costs in 2019 compared to 2018, the company said in its year end production results and 2019 guidance.IAMGOLD produced 882,000 attributable oz. gold in 2018, achieving the higher end of its production guidance. However, the company expects its total cash costs and all...Read More
Alamos Gold (TSX: AGI; NYSE: AGI) produced 505,000 ounces of gold from its four mines in North America last year and expects a "similar rate of production" this year.The company anticipates production of between 480,000 and 520,000 ounces of gold in 2019 at total cash costs of between $710 and $750 per oz., down 10% from its revised 2018 guidance of $810 per oz., and all-in sustaining costs of be...Read More
Detour Gold Corp. enjoyed a strong fourth quarter - with record output of 158,200 oz. - bringing the 2018 total to 621,128 oz. of gold. The total was 9% more than for 2017.The average mining rate was 56,594 t/d, but Q4 was even better at 305,000 t/d, making it the third consecutive quarter of improvement and the most tonnes mined in a quarter since operations began. The month of December averaged...Read More
Platinum could be the dark horse among precious metals, according to a money manager at Pacific Investment Management Co.Nic Johnson, Pimco's managing director and portfolio manager for commodities, says he prefers the metal over gold. Used in autocatalysts of diesel engines and jewelry, it's near the cheapest ever relative to both bullion and palladium, after tumbling 14 percent last year.While i...Read More
ATAC Resources of Vancouver has received the final assays from the 2018 exploration program at the Rau project. Rau is located at the western end of the company's Rackla property 55 km northeast of Keno City.The company says its exploration program points toward multiple intrusive related systems on the property - of which the Rackla Pluton is only one. Intrusive polymetallic mineralization has be...Read More
Hudbay Minerals' (TSE, NYSE: HBM) second-largest investor, Waterton Global Resource Management, is seeking to oust the Canadian miner's chief executive officer and overhaul its board.The private-equity firm, which holds about 12% of Hudbay, wants to replace eight of the board's 10 members with its own nominees and, as part of its plan, wants former Nevsun Resources CEO, Peter Kukielski, to lead th...Read More
Prices for hollow steel sections in Europe moved down on Wednesday January 16, to the surprise of some market participants.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe narrowed downward by ?,?5 per tonne to ?,?635-645 ($726-738) delivered on January 16, from ?,?635-650 per tonne delivered on January 9.This was the first time t...Read More
Precipitate Gold (TSXV: PRG) and Everton Resources signed the final papers through which Precipitate acquired ownership of all of Everton's Dominican Republic exploration concessions, consisting of Pueblo Grande project, adjoining Barrick and Goldcorp's Pueblo Viejo gold-silver mine, and the Ponton project, located 30 kilometres east of Pueblo Grande."We are pleased to have completed our due dili...Read More
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) on Wednesday reported record gold production in 2018 of 953,504 ounces, a figure the company says was near the top end of the revised guidance of between 920,000 and 960,000 ounces.This is the 10th consecutive year the Vancouver-based miner achieves record annual production, with output this time climbing 51%, thanks to the contribution of its...Read More
Rick Mills of Ahead of the Herd dissects the conditions in the gold industry that led to the Newmont-Goldcorp merger and point to further consolidation in the industry. More gold mines will be going on the block thanks to a blockbuster gold mining company tie-up announced Monday. And major gold companies will also be looking to acquire large, preferably high-grade deposits, due to the ever-presen...Read More
This Canadian company also plans to amp up drilling at the property. Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) made available a 3D model of the gold mineralization at its Dixie project discovered to date through drilling, it announced in a news release. The company will discuss the model, along with recent results, in a webinar at 11 a.m. PST on Jan. 17. Also, a video of the model is ava...Read More
Ryan King, vice president of corporate development at Calibre Mining, sits down with Maurice Jackson of Proven and Probable to discuss his company's joint ventures, exploration in Nicaragua and strategic plans.Maurice Jackson: Joining us today is Ryan King. He is the vice president, corporate development, of Calibre Mining Corp. (CXB:TSX.V; CXBMD:OTC), which is exploring for world-class gold, silv...Read More