Software solutions are inspiring strategic partnerships between the mining industry and education providers as they collaborate to support skills growth across Victoria's METS sector.The tech-led transformation of the global mining industry is unlocking vast potential across the resources sector but, in many instances, the new landscape requires people with new skills.Upskilling people to work in...Read More
TOKYO, Oct 30 - Japanese steelmakers JFE Holdings and Kobe Steel cut their annual profit forecasts on Tuesday due to technical glitches at their plants and higher costs of electricity, distribution and subsidiary materials.Japanese steelmakers are enjoying solid local demand from automakers and machinery manufacturers as well as the construction sector, which has been in full swing for the 2020 To...Read More
An updated preliminary economic assessment (PEA) of Marathon Gold's (TSX: MOZ) Valentine Lake project in Newfoundland, which was based on 20,000 metres of additional drilling since February, among other work, demonstrates stronger economics than an earlier PEA completed in May.The new PEA estimates the project will produce 2.72 million ounces of gold, an average of 225,100 ounces per year, over a...Read More
Vancouver-based MGX Minerals (CSE: XMG) announced today that its engineering partner PurLucid Treatment Solutions has deployed the first advanced wastewater treatment system in Alberta.This development is part of MGX's quest to move forward with a rapid lithium extraction technology which, the company says, reduces the physical footprint and investment in large, multi-phase, lake-sized, lined evap...Read More
LONDON, ON. - Fortune Minerals reports that the governments of Canada and the Northwest Territories have accepted the environmental assessment approval for the modified Tlicho all-season road. The modifications were developed with the Tlicho government through a consultation process managed by the Mackenzie Valley Environmental Impact Review Board. The Tlicho government also approved the board...Read More
Prospect generator Silver Range Resources (TSX-V:SNG) announced today that it has completed a fall reconnaissance program in Nevada and staked two new high-grade gold prospects.The first site is the century-old Loner Property located in Pershing County, 35 kms south of Winnemucca in the Grass Valley. "Claims cover high grade low sulphidation epithermal veins first discovered in 1906 and mined on a...Read More
China's stimulus efforts aimed at preventing the economy from slowing further and minimizing the impact of U.S. tariffs are supporting raw materials demand, according to Rio Tinto Group."The Chinese machine is still working very well," CEO Jean-Sebastien Jacques said Tuesday in an interview with Bloomberg Television.China has had a spurt of local bond issuance intended to fund roads, homes and oth...Read More
Thunder Bay, ON - Wolfden Resources continues to drill high-grade massive sulphide mineralization at its Pickett Mountain project in Maine, where it has two diamond drills turning.In its latest results, Wolfden reported a 12.7-metre intercept starting from 240 metres below surface, and grading 6.6% zinc, 2.8% lead, 1.5% copper, 99.4 g/t silver, and 0.6 g/t gold (or 10.9% combined zinc, lead and co...Read More
Mr. Peter Tallman reportsKLONDIKE GOLD LONE STAR ZONE ASSAYS 1.32 G/T AU OVER 47.0 METRES AND 1.11 G/T AU OVER 36.25 METRESKlondike Gold Corp. has provided assays from a further 12 drill holes at the Lone Star zone at the company's wholly owned Klondike district property, Yukon territory.A total of 87 holes (9,511.93 metres) were drilled in 2018. To date, final assay results have been received and...Read More
Almost exactly one year ago today, I'd discussed the rise of cryptocurrencies as an alternative to precious metals. Crypto has fallen out of favour after suffering a precipitous drop in late 2017 and early 2018, but the debate over its future as an asset class has raged on. Some crypto enthusiasts have argued that price stabilization will only add to its value as an alternative safe haven in compa...Read More
It has been a tough year for investors in intermediate gold miner New Gold (TSX:GLD)(NYSE:GLD). Despite gold only losing around 7% since the start of 2018, the miner has seen its stock collapse, plummeting by 73% because of shortfalls at its Rainy Creek mine and management revising its 2018 guidance downward. The miner, however, delivered a solid third quarter 2018, beating analyst estimates, indi...Read More
Skeena Resources (TSX.V: SKE)(OTCQX: SKREF) today announced drill results for six holes from the Phase I drilling program at the Eskay Creek Project in British Columbia's Golden Triangle.Drill results returned high grades: up to 10 grams per tonne gold equivalent at 45 metres, and up to 502 grams per tonne silver equivalent at 12 metres. The Phase I drilling program at Eskay Creek continues to...Read More
Mr. Mark Kolebaba reportsADAMERA COMPLETES FIRST DRILL HOLE AT LAMEFOOT SOUTH - DRILL MOVES TO OVERSIGHT PROSPECT TO FOLLOW UP HIGH GRADE INTERSECTIONAdamera Minerals Corp. has completed the first drill hole, LFS18-01, on the Lamefoot South property in Washington. The drill hole was sited 280 metres south of the Lamefoot gold mine. Assays are pending. Drill hole LFS18-01 encountered zones with int...Read More
Market sentiment continues to oscillate in regard to U.S. equities as traders continue to witness large price swings in both directions. Gone are the days when a 100- or 200-point gain or decline in the Dow Jones Industrial Average would be considered a sizable move. It seems there is a new normal. That normal is characterized by swings in the Dow in excess of 500 points or more in terms of the da...Read More
Mr. N. Eric Fier reportsSILVERCREST ANNOUNCES CHANGES TO BOARD OF DIRECTORS AND PROVIDES PROJECT UPDATESilvercrest Metals Inc. has appointed Hannes Portmann to the board of directors, replacing George Sanders, who is retiring from the board. Silvercrest is also pleased to provide a brief update of continuing activities at the Las Chispas project.Mr. Portmann is a mining executive with significant...Read More
Gold has whipsawed wildly over the course of 2018, hitting a high over US$1,362 per ounce in January only to plummet to a low of US$1,177 an ounce by mid-August. While the yellow metal has recovered in recent weeks to trade over the psychologically important US$1,200-an-ounce mark, it is still down by just under 5% for the year to date. Despite gold's negative outlook because of poor fundamental...Read More
Vancouver-based explorer Golden Arrow Resources (TSX-V: GRG) has entered into a Definitive Agreement with Mineria Activa SpA to acquire up to 100% of the Indiana gold-copper project in Chile. Indiana is located approximately 35 kms from Golden Arrow's new Atlantida copper-gold project.The advanced-stage gold-copper project features a near surface deposit of high-grade gold and copper vein-hos...Read More
Editorial credit: Andriy Blokhin / Shutterstock.com(Kitco News) - Global central bank interest in gold is growing and has roomto grow according to one former senior executive at the New York FederalReserve.That growing sentiment could be felt during the LondonBullion Market Association’s 2018 precious metals conference, which includedmore than 30 delegates from central banks around the world...Read More
(Kitco News) - 2018 Halloween candy prices in the U.S. are expected to rise 0.5% compared to last year, after two past consecutive years of price deflation, according to British data provider IHS Markit. Halloween candy spending is expected to increase 4.2% year-on-year, up from last year's 2.4% growth. Candy spending is projected to total $2.5 billion, translating to around $20 per household in...Read More
Excelsior Mining plans to complete construction at its Gunnison copper project in south eastern Arizona and enter production over the next year after agreeing to a US$75 million project financing package with Triple Flag Mining Finance.Triple Flag will buy a US$65 million copper stream on Gunnison and US$10 million in shares from Excelsior. The package includes an option for Triple Flag to fund a...Read More