May 28, 2019 Guest(s): John LaForge Head of Real Asset Strategy, Wells Fargo Gold prices no longer look attractive based on the way the yellow metal has reacted to recent economic events, this according to John LaForge, head of Real Asset Strategy at Wells Fargo. "Stocks, in the last few weeks have hit, and you see the days when stocks really get hit, and what does gold do? Gold is up $3, it's u...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD INCREASES 2019 PRODUCTION GUIDANCE TO 920,000 - 1,000,000 OUNCES, FOSTERVILLE MINERAL RESERVES INCREASE 60% TO 2.7 MILLION OUNCES AT 31.0 G/TKirkland Lake Gold Ltd. has revised and increased its consolidated three-year production guidance and improved its unit cost guidance for 2019. The company also announced today mineral reserve and mineral resource...Read More
Mr. Christian Milau reportsEQUINOX GOLD ANNOUNCES $130 MILLION STRATEGIC INVESTMENT BY MUBADALA INVESTMENT COMPANY Equinox Gold Corp.has entered into a definitive agreement with Mubadala Investment Company whereby Mubadala has agreed to purchase $130-million in convertible notes from Equinox Gold. All amounts are in U.S. dollars unless otherwise indicated. Proceeds from the investment will be used...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD EXPANDS MOTHER LODE DEPOSIT TO THE EAST, WEST AND AT DEPTH BELOW PIT BOTTOM WITH THICK OXIDE MINERALIZATION TO DEPTHCorvus Gold Inc. has received results from eight holes targeting the eastern, western and below-pit-bottom resource expansion potential at the Mother Lode deposit in Nevada (please see attached table).Results continue to show high potential for...Read More
Record gold production; Record reserves for gold, silver, and leadCompany Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today announced fourth quarter and full year 2018 financial and operating results.YEAR-END HIGHLIGHTSSilver production of 10.4 million ounces and record gold production of 262,103 ounces.Silver equivalent production of 4...Read More
Mr. N. Eric Fier reportsSILVERCREST ANNOUNCES MORE HIGH-GRADE IN-FILL + EXPANSION DRILL RESULTSSilvercrest Metals Inc. has provided further phase III drill results for the Las Chispas property located in Sonora, Mexico. The 19 reported infill and expansion drill holes in this news release were targeting mineralization in the Babicanora vein, Babicanora Norte (Babi Norte) vein, the Babicanora footw...Read More
Mr. Matthew Hornor reportsMAPLE GOLD RECEIVES $1.9M FROM REVENU QUEBEC AND OUTLINES 2019 DRILLING PLANSMaple Gold Mines Ltd. has added $1.9-million to its treasury after receiving its full 2017 tax credit refund from Revenu Quebec. An upcoming winter 2019 drill program will test refined higher-grade targets generated from recently reported 3-D modelling work. Mapping and gold deportment work will...Read More
Mr. Darin Wagner reportsBALMORAL REPORTS 124.50 METRES GRADING 1.05 G/T GOLD FROM AFRIC GOLD DEPOSIT, NORTHSHORE JOINT VENTURE, ONTARIO Balmoral Resources Ltd. has received, from joint venture partner GTA Resources and Mining Inc., results from three drill holes completed on the Northshore property located near Schreiber, Ont., late in 2018. Two holes tested the Afric gold deposit beneath the prev...Read More
Mr. David Wolfin reportsCORAL GOLD PROVIDES OUTLOOK FOR 2019, INCLUDING PREFEASIBILITY WORK BY BARRICK GOLD AT ROBERTSON PROJECTCoral Gold Resources Ltd.'s royalty payee Barrick Gold had a productive year at the Robertson gold property in Nevada. Barrick has reported that the prefeasibility study work is on schedule and phase II metallurgical work is in progress.Coral Gold holds a sliding-scale 1-...Read More
Mr. Keith Neumeyer reportsFIRST MAJESTIC ANNOUNCES FINANCIAL RESULTS FOR Q4 AND YEAR END 2018First Majestic Silver Corp. has released the consolidated financial results for the company's fourth quarter and year ended Dec. 31, 2018.The full version of the financial statements and the management discussion and analysis can be viewed on the company's website, on SEDAR and EDGAR. All amounts are in U....Read More
Sandstorm Gold Royalties (TSX: SSL) shares jumped 5 % today, after the company announced the board of directors approved the purchase of up to 18.3 million of its common shares between now and the end of 2019, subject to TSX approval.The 18.3 million shares represent approximately 10% of Sandstorm's current shares outstanding, and the company stated its current intention is to complete the entire...Read More
Vancouver-based Silver Range Resources (TSX-V:SNG) announced today that it has optioned its Gold Chief property in Nevada to CrocanCapital Corp.Crocan is interested in acquiring a 100% interest in the project. To do so, the firm would have to provide aggregate cash payments of $160,000 and aggregate issuances of 650,000 Crocan shares by November 2, 2021.Under the terms of the agreement, Silver Ran...Read More
Wheaton Precious Metals' (TSX: WPM NYSE: WPM) shares dropped 4.4% on Thursday, after the company announced its Q3 results. Headquartered in Vancouver, Canada, Wheaton is the world's largest precious metals streaming company.Adjusted net earnings were $35 million, a steep 49% drop from $67 million in net earnings last year. Revenue fell 8.5% in the same quarter of 2017.The company reported silver p...Read More
Vancouver-based Zinc One Resources (TSXV: Z) announced today that following a drill program at unreported holes in the Mina Grande Centro zone of the Bongar?? Zinc Mine in north-central Peru, the northern and western perimeters of mineralization previously mined were delineated.In a statement, Zinc One said 24.1% zinc was intercepted over a length of 28 metres.Mina Grande Centro is part of one of...Read More
The major gold miners' stocks remain mired in universal bearishness, largely left for dead. They are just wrapping up their third-quarter earnings season, which proved challenging. Lower gold prices cut deeply into cash flows and profits, and production-growth struggles persisted. But these elite companies did hold the line on costs, portending soaring earnings as gold recovers. Their absurdly-che...Read More
RYE, N.Y. -- (Business Wire)The Board of Trustees of the GAMCO Global Gold, Natural Resources & Income Trust (NYSE American:GGN) (the "Fund") approved the continuation of its policy of paying monthly cash distributions. The Board of Trustees announced cash distributions of $0.05 per share for each of January, February, and March 2019.The distribution for January 2019 will be payable on January...Read More
Dr. John-Mark Staude reportsRIVERSIDE DEVELOPS FOUR NEW TARGET ZONES AT THE CECILIA GOLD PROJECT, SONORA, MEXICO Riverside Resources Inc. has received new exploration results at its 100-per-cent-owned Cecilia gold project in northeastern Sonora, Mexico. Recent rock sampling and mapping was conducted on the Cecilia 1 claim following-up on anomalous areas identified during the reconnaissance soil s...Read More
Mr. Darin Wagner reportsBALMORAL RESOURCES EXPLORATION UPDATEBalmoral Resources Ltd. has provided an update on the fall 2018 exploration program on its Detour Gold Trend project in Quebec, along with updates on activities on its other exploration properties in Ontario and Quebec, Canada. Grasset Ultramafic Complex Drill Program (Nickel-Copper-Cobalt-PGE)Drilling continues with two drills still act...Read More
In a letter to shareholders, McEwen Mining (TSX: MUX; NYSE: MUX) updated its progress at the Gold Bar project in central Nevada and confirmed commercial production is expected to begin in the first quarter of next year.The company completed the heap leach pad and installed crushing, conveying and agglomeration systems this month. For the rest of the year, its focus will be on finishing the proce...Read More
Nov 16, 2018 Guest(s): Cal Everett President, CEO & Director, Liberty Gold When it comes to whether or not the mining industry has reached peak gold, the numbers speak for themselves, said Cal Everett, President, CEO and Director of Liberty Gold. "The declining production curves of the intermediate-major producers are rolling over right now. You can see that on a quarter by quarter basis every t...Read More