Despite the happy talk from the mainstream media, the U.S. economy is hanging by a thread. The U.S. economy is stalling out.The latest estimate of first-quarter 2022 U.S. GDP growth prepared by the Federal Reserve Bank of Atlanta shows growth of 0.5%. That's dangerously close to recession.Of course, we still have three weeks left in the quarter, and we won't know the actual first-quarter figure un...Read More
The price of gold reached a record high this week.And if you listen to the mainstream financial news, you might think the Russia-Ukraine war has everything to do with gold's record prices.The Wall Street Journal: "Russia-Ukraine Tensions Power Gold to Eight-Month Highs"CNBC: "Gold Rises Amid Russia-Ukraine Crisis"Bloomberg: "Gold Rises Above $2,000 as War in Ukraine Boosts Haven Demand"There's jus...Read More
TRU Precious Metals Corp. announces new assay results from an additional 4 of 22 holes completed during its 2021 winter drill program at its flagship Golden Rose Project in Central Newfoundland.Read full newsRead More
In our latest Thematica report, Gold Rush. In this report, we examine the gold landscape and the opportunities ahead. Download today.Read full newsRead More
Share this article VANCOUVER - South Atlantic Gold Inc.'s [SAO-TSXV; JLRRF-OTC] phase 2 exploration program is proceeding well and early results demonstrated a high-grade sample of 96.04 g/t gold over one metre at the Barra Nova target, Brazil. This assay result (which was re-assayed), among others highlighted below, are confirming mineralization along 40 km of the regional strike length, and to...Read More
Rourke is from the region and became interested in the past-producing mine when a new power line was built beside it heading towards another project.Read More
With up to 25,000m of drilling planned for this year, the results could begin to shift the centre of gravity of how it develops its Hucklebury project, which also includes the Ootsa deposit.Read More
Gatos must deliver a revised financial model by September 30 to its lenders; which if deemed unsatisfactory will see the credit facility reduced by $5 million a quarter from March 31, 2023.Read More
"Through this acquisition and the continued development of our outstanding organic growth pipeline, Newcrest's base case gold production is expected to remain strong until at least 2030, and we have aRead More
Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDEro Copper touts green focus and shareholder returnsSPONSOREDero copperFor C3 Metals, X marks the spotSPONSOREDc3 metalsGreat Panther, great prospectsSPONSOREDgreat pantherConstruction of this mine is expected to start this summer following the completion of C$105 million in financing in the coming months.Read More
"The Tres Cruces oxide project PEA shows excellent economics for the proposed heap-leach operation, located in one of the world's most prolific gold mining belts," Anacortes CEO Jim Currie said.Read More
"We have identified significant opportunities to optimise the Goldboro gold project and potentially increase the overall economics and longevity of the project - including the upgrading of inferredRead More
(IDEX Online) - De Beers today reported provisional rough sales of $650m at its second sight of the year, amid continuing "robust" demand.It's a slight dip from $660m at Cycle 1, but a significant increase from $550m at last year's Cycle 2.Rough remains in short supply, and banking restrictions on Russia will inevitably impact the ability of its biggest rival, Alrosa, to make sales.De Be...Read More
(IDEX Online) - Surat is braced for a shortage of rough supplies and further price hikes following Russia's invasion of Ukraine."There is growing uncertainty in the diamond industry due to the war," Savjibhai Dholakia, chairman of Hari Krishna Exports - one of India's biggest diamond companies - told Hindustan Times."About 40% of our diamonds are supplied from Russia today and the paymen...Read More
(IDEX Online) - Botswana is aiming to further expand its diamond production as Russia faces global sanctions, says the country's president Mokgweetsi Masisi.He hopes Botswana, currently the world's second-largest producer by volume, will "play a more prominent role in the industry," according to a report by Bloomberg News on an interview her gave in Nairobi, the Kenyan capital.Botswana p...Read More
Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDEro Copper touts green focus and shareholder returnsSPONSOREDero copperFor C3 Metals, X marks the spotSPONSOREDc3 metalsGreat Panther, great prospectsSPONSOREDgreat pantherAnalysts were right, until they weren't; and even President Putin couldn't be blamed because investor priorities had started to change well before the invasion of U...Read More
Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDEro Copper touts green focus and shareholder returnsSPONSOREDero copperFor C3 Metals, X marks the spotSPONSOREDc3 metalsGreat Panther, great prospectsSPONSOREDgreat pantherThe southern Africa-focused miner had initially expected the Congolese Kamoa-Kakula mine - which began commercial production in July last year - to sell 95,000t of...Read More
The adjusted net income per share was US$0.65 on a diluted basis, up 62% from US$0.40 per share in the same quarter a year earlier. "The company [is] in a strong position to execute on initiatives targeting approximately 100,000 tonnes of annual copper production and 60,000 ounces of annual gold production by 2025," said chief executive David Strang. ASCI gold costs increased 50% t...Read More
With the aim to supply raw materials for about half a million electric vehicles annually by 2025, Frontier Lithium (TSXV: FL; US-OTC: LITOF) has stepped up its pace by quadrupling indicated resources at its Spark deposit in northwestern Ontario. Spark now hosts 14.4 million tonnes grading 1.40%, up from the previously estimated 3.3 million tonnes grading 1.59%, after the...Read More
De Beers, the world's top diamond producer by value, saw sales jump by 18% in the second cycle of 2022 compared to the same period last year, attesting to the industry consolidated recovery from the first pandemic-induced shutdowns.The Anglo American unit sold $650 million of diamonds between Feb. 21 to Feb. 25, down $10 million from the first cycle of the year, but higher than $550 million it so...Read More