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
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SilverCrest Metals expects to update the resource estimate and complete a preliminary economic assessment in the first quarter of the year on its Las Chispas silver project in Mexico.A resource estimate in September 2018 focused on an estimated 5.5 km of about 20 known kilometers of cumulative vein strike length in the district, about 180 km northeast of Hermosillo in the state of Sonora.Las Chisp...Read More
"Newcrest Mining (ASX:NCM) has entered an agreement to sell its S?(C)gu?(C)la gold project to Roxgold (TSX:ROXG,OTCMKTS:ROGFF) for US$30 million. https://t.co/Xxcf5rFuLK @NewcrestMining #roxgold #gold"Read full newsRead More
"CEO Interview - Mammoth Resources (TSXV:MTH) Thomas Atkins: Significant Gold Results in Mexico's Sierra Madre https://t.co/5btYyNZJQC #gold #stocks"Read full newsRead More
"What is the gold standard? Read on for an overview of what it is and when it began, as well as why and when it was removed. https://t.co/yFjjQjCOeE #investing #gold"Read full newsRead More
Bonterra Resources (TSXV:BTR; US:BONXF, FWB:9BR1) (theRead full newsRead More
"Velocity Receives Additional Positive Drill Results, Further Expanding the Mineralized Envelope at Rozino Gold Deposit, Bulgaria https://t.co/8LxEVsPF2A"Read full newsRead More
Management of Sirios (TSXV:SOI) is pleased to announce that a third drill rig has recently been added on the Cheechoo gold property in order to accelerate the progress of the drilling campaign initiated in January. Seventeen drill holes have been completed, totalling approximately 3,500 metres.Read full newsRead More
South Africa's biggest labor group staged a nationwide protest against job losses Wednesday, the latest setback for an economy reeling from four days of rolling power cuts. The rand fell the most against the dollar among major currencies.The double blow comes at a terrible time for President Cyril Ramaphosa, who is gearing up to contest elections in May, is seeking to lure $100 billion in new inve...Read More
First Cobalt (TXSV: FCC; US-OTC: FTSSF) has extended copper-cobalt mineralization along strike at both its Waite zone and No Name zone, part of its Iron Creek cobalt project in Idaho.The company is reporting four holes it drilled west of the project's current resource in 2018. The holes extend the Waite zone 120 metres west along strike and the No Name zone 60 metres west along strike. The compan...Read More
Canada's Barrick Gold TSX:ABX)(NYSE:GOLD), which completed its $5.4 billion merger with Africa-focused Randgold Resources at the start of the year, reported Wednesday a loss for its fourth quarter, due partly to issues at two mines in South America.The world's top gold producer by volume, which keeps its books in U.S. dollars, lost $1.2 billion, or $1.02 per share, for the quarter ended Dec. 31 co...Read More
Peru's environmental agency, El Organismo de Evaluaci??n y Fiscalizaci??n Ambiental, (OEFA) has ruled out that a "greenish solution" found in a river near Southern Copper Corp's Cuajone mine was the product of a tailings spill.In a statement late Tuesday, OEFA noted it was still supervising operations at the mine, which is located in an area hit by heavy rains over the past week.Southern Copper...Read More
Precious metals miner Hochschild Mining (LON: HOC) has been forced to halt operations at its Arcata gold and silver mine in Peru, saying that low silver prices had left the company little choice aside from suspension.Hochschild, which operates three mines in southern Peru and one in southern Argentina, said Arcata would be on "full care and maintenance" by the second quarter of 2019.Any potential...Read More
* Palladium market had 29,000 oz shortfall in 2018* Platinum market surplus was 498,000 oz last year (Adds detail)A deficit in the palladium market that has driven prices of the autocatalyst metal to record highs will widen dramatically this year, specialist materials company Johnson Matthey said in a report on Wednesday.The company, a leading autocatalyst manufacturer, said the shortfall in the r...Read More
Moscow-based Vist Group, a subsidiary of Helsinki-based Zyfra, announced this week that it launched a robotized towing truck project together with Nazarbayev University and Russian truck maker Kamaz.Using a previous experience robotizing the BelAZ 7513R truck and BelAZ 78250 front loader for open-pit mining, Vist said that it now wants to upgrade the five-wheel towing truck Kamaz Neo. The plan is...Read More
* Japan's Mitsubishi Materials Corp cut its sales estimate of copper cathode at its Indonesia copper smelting unit, PT Smelting, by 32,000 tonnes from its November forecast to 237,000 tonnes for the year ending March 31, a spokesman said on Wednesday. Sales were 263,000 tonnes a year earlier.* The longer-than-expected maintenance late last year and slower ramp-up after the maintenance caused a red...Read More
* Flooding likely to disrupt rail for at least a month -analyst* Glencore's Mt Isa zinc, lead transportation affected* Around 40 percent of Australia's zinc exported from TownsvilleFloods in Australia's Queensland state are set to disrupt the rail delivery of zinc exports to the northern port of Townsville, with the line likely to be out of action for at least a month, analysts said on Wednesday.T...Read More
Nemaska Lithium's (TSE: NMX) stock plummeted Wednesday after disclosing it has been forced to revise the budget for the Whabouchi lithium mine and Shawinigan electrochemical plant upward by C$375 million. The company, with a $300 market cap on the TSX, clawed back some of the early day's losses, but still closed the day down 35%.Nemaska, which has also received funding from the Quebec provincial a...Read More
Newcrest Mining Ltd, Australia's top gold miner, on Thursday said its first-half profit more than doubled, buoyed by record gold and copper production at its Cadia operations.First-half results were also boosted by a weakening of the Australian dollar, which helped control costs at its Australian operations, the company said.Copper production during the first-half came in at 51.8 thousand tonnes,...Read More
In this interview with SmallCapPower, U.S. Global Investors CEO Frank Holmes emphasizes the importance of his 10% golden rule for every investment portfolio. According to him, the love and fear trade for gold will always maintain the yellow metal's position as a desired asset class. Mr. Holmes also gives an update on the performance of U.S. Global Investors' ETFs that are focused on gold, precious...Read More