"It should be formally announced sometime, probably next week, that we will have 100 percent of the caliphate," Trump said recentlyContinue...Read More
Map of B.C.'s Golden Triangle, showing the Lawyers gold-silver project near the eastern boundary of the region. (Image: Benchmark Metals)Benchmark Metals of Edmonton has the results of drilling at the Dukes Ridge zone at the Lawyers gold-silver project in the Golden Triangle. The holes intersected wide intervals of near 1 g/t gold equivalent and narrower intervals of high grade gold and silver min...Read More
Last week's bipartisan Senate vote to rebuke President Trump for his decision to remove troops from Syria and Afghanistan unfortunately tells us a lot about what is wrong with Washington, DC. While the two parties loudly bicker about minor issues, when it comes to matters like endless wars overseas they enthusiastically join together. With few exceptions, Republicans and Democrats lined up to admo...Read More
Farming has been around for thousands of years and has arguably done more to shape human history and society than almost any other activity. Nonetheless, within Continue...Read More
Vancouver-based Golden Predator took a 9,800-tonne bulk sample from the Spades zone at its 3 Aces exploration project late last year, and the company is ready to share the results.Results are available for only the first 6% of the sample. Two concentrates were produced from a gravity circuit. One yielded a 13,261.5-gram dor?(C) bar that contained 365 oz. of gold and 34 oz. of silver. Sale of the g...Read More
Gold stocks have to do more to confirm they are in a new bull market.Sure, they've surged above key moving average resistance and breadth has improved.Continue...Read More
Denis discusses the last bull market, a lot of money was spent in exploration, but few discoveries were found. Peak gold is, therefore, becoming an issue. As an industry, the ounces that have been mined are on the decline. Companies are amalgamating to obtain additional discovery potential. The smart money in the mining industry is still waiting on the sidelines.Time Stamp References:1:20 - Peak g...Read More
There has been a fundamental shift in central banks' behavior with respect to gold over the past decade. The 2008 financial crisis led central banks to re-evaluate the relevance and importance of gold on their balance sheets. Check out the sudden change in sentiment that occurred in 2009, as central banks shifted from being net sellers to net buyers for the first time in 20 years.While central ban...Read More
Russia's central bank will pay less than an industry benchmark for gold that it buys on the domestic market, it said on Monday.The central bank said that from May 1 it would add a discount to a purchase price currently based on the daily London Bullion Market Association (LBMA) gold price. The size of the discount will gradually rise during 2019, it added.Russia has overtaken China to become the w...Read More
Nicolas Maduro is under pressure at home and abroad, and being encouraged by the U.S. to go to "a nice beach somewhere far from Venezuela." The question is where would - or could - he go?The Venezuelan leader has held on for years in the face of protests, a collapsed economy and international sanctions, via a tight grip on the military and by cracking down on the opposition. But the stress has nev...Read More
With significant mining, milling and tailings infrastructure already in place, pre-production capital costs for Pure Gold Mining's (TSXV: PGM) Madsen project in Red Lake should not exceed $94.7 million, including a 9% contingency, a feasibility study reports.Total life of mine capex including closure costs for the underground mine are expected to come in at $327 million. Madsen is one of the high...Read More
SEMAFO (TSX: SMF; US-OTC: SEMFF) has tabled a maiden resource for the Bantou gold zone, located about 170 km south of its Mana gold mine in Burkina Faso, totaling 2.1 million inferred tonnes grading 5.35 grams gold for 361,000 oz. gold.Highlights from the Bantou Proximal zone include 5.21 grams gold over 11 metres from 62 metres downhole and 7.35 grams gold over 3 metres from 95 metres downhole.S...Read More
South Africa's AngloGold Ashanti (NYSE:AU) (JSE:ANG), the world's third-largest producer of the metal, has completed the first week of underground development blasting at its Obuasi mine, in Ghana, as part of a redevelopment project that aims at having the operation pour first gold by the end of the year.The first blast, on February 1, advanced development by around 4.2 metres on the 2,700 level,...Read More
Italy's populists opened a new front in their clash with the country's central bank, calling on lawmakers to pass legislation stating that its gold holdings worth almost $103 billion belong to the state.The gold ownership bill presented by euroskeptic lawmaker Claudio Borghi of the League adds to an already tense relationship between the Bank of Italy and the coalition government. It's also sparke...Read More
China's rebar prices increased on Monday February 11 in both the domestic and export markets amid higher billet and futures prices. Domestic Eastern China (Shanghai): 3,830-3,880 yuan ($568-575) per tonne, up 120-130 yuan per tonneNorthern China (Beijing): 3,800-3,830 yuan per tonne, up 90-100 yuan per tonneBillet prices rose after futures opened higher, leading to bullish sentiment...Read More
Vancouver-based Kenadyr Mining (TSX-V: KEN) announced today that it has entered into a non-binding letter of intent in connection with a proposed option and joint venture agreement with Gold Mountains Asset Management in respect of the Borubai gold project, located in the Kyrgyz Republic in Central Asia.In a press release, the miner explained that the plan is to grant Gold Mountains an exclusive o...Read More
Will Rhind has seen the top of the gold market, and the bottom. Now, the leader of the fastest-growing bullion-backed ETF in the past year is redefining it by forcing down the fees paid by investors.Rhind, 39, joined the World Gold Council, the company behind SPDR Gold Shares, in 2007, just as exchange-traded funds were starting to gain investor attention. He watched assets hit an all-time high in...Read More
Company is working in district that has 250 years of silver and gold production. Goldplay Exploration Ltd. (GPLY:TSX.V; GLYXF:OTCQB), a Canada-based company that has been focused on exploring its properties in Mexico, has released its maiden resource estimate at its flagship San Marcial project in the Rosario Mining District in Sinaloa. "The maiden resource was completed by an independent qualifi...Read More
Peru's environmental agency OEFA is investigating what looks like a tailings spill from Southern Copper's Cuajone mine into a river as the area where the operation is located has been inundated by heavy rains in the past four days.The authority detected a "flow of a greenish solution" into the nearby Torata River in the waste deposit area of the operation, located in the Moquegua region approximat...Read More
An Echelon Wealth Partners report reviewed the numbers associated with the increase and its "positive" implications for the miner. In a Feb. 5 research note, analyst Ryan Walker reported that an Echelon Wealth Partners Top Pick, Pure Gold Mining Inc. (PGM:TSX.V), released an updated resource for its Madsen project that shows a 24% increase in high-grade gold resources to 2.53 million ounces (2.53...Read More