"Macarthur Minerals Update on Drilling Nickel Sulphide Targets at Moonshine Lake Giles @macminltd https://t.co/zwS40Nf4ze"Read full newsRead More
"Northern Sphere Mining Corp. Announces the Appointment of Mr. Mark Haywood to its Board of Directors @Northern_Sphere https://t.co/u7DXs9def0"Read full newsRead More
"Gold Resource Corporation Declares Milestone 100th Consecutive Monthly Dividend With October Announcement @resource_gold https://t.co/oTsrJvYS9Y"Read full newsRead More
"Drilling Extends Koaltenga Gold Zone Strike Length to 1200 Meters at Rakounga Concession @NexusGoldCorp https://t.co/6iqeVe0IVU"Read full newsRead More
A month after announcing it had acquired full ownership of its Idaho-based Iron Creek project and eliminated its royalty, Canada's First Cobalt (TSX-V: FCC) released a video today aimed at selling high the product of its flagship asset."As federal agencies seek ways to reduce U.S dependency on foreign sources of cobalt, projects such as Iron Creek in mining-friendly Idaho support a strategy to red...Read More
On a flight to Brasilia last year, Jair Bolsonaro's carry-on bag contained little more than two small chunks of metal mined in Brazil: One was graphene, used in solar cells; the other niobium, which strengthens steel.At the time, he said he hoped to display them in a TV interview, evidence of the promise mining holds for Brazil's struggling economy. While some of the former Army captain's ideas ha...Read More
Barrick Gold's (TSX, NYSE:ABX) executive chairman John Thornton said Thursday the company could sell its non-core assets, particularly copper ones, as a result of the merger with Randgold Resources (LON:RRS), a deal which is expected to happen in the first three months of 2019.Barrick and Randgold will focus on Tier 1 assets which produce 500,000 ounces of gold annually, have a mine life of more...Read More
Western Uranium & Vanadium Corp. (CSE: WUC) announced plans to re-open the Sunday Mine Complex, located in western San Miguel County, Colorado.The complex extends for 3,748 hectares and consists of five individual mines currently in temporary cessation. These are the Sunday mine, the Carnation mine, the Saint Jude mine, the West Sunday mine and the Topaz mine. Last time they were mined was between...Read More
Mr. Quinton Hennigh reportsNOVO ANNOUNCES BULK SAMPLE RESULTS FROM COMET WELLNovo Resources Corp. has released bulk sample results from its Comet Well joint venture (80-per-cent Novo; 20-per-cent Smith/Gardner Mining), part of Novo's greater Karratha gold project, Western Australia.First-round bulk sample results confirm the potential of the basal conglomerates at Karratha and support Novo's view...Read More
Mr. David Suda reportsTERRAX 2018 SUMMER EXPLORATION PROGRAM CONTINUES TO EXPAND NORTHBELT TARGET TerraX Minerals Inc. has released further assay results from the company's 2018 summer field program on the Yellowknife City gold (YCG) project. A total of 262 samples were taken on the company's Northbelt target, which represents the possible extension of Con-Giant trend and constitutes the core focu...Read More
On July 12, 2017, the Bank of Canada raised its overnight rate by 25 basis points from 0.50% to 0.75%. This was the first rate hike in seven years. Since then the Bank of Canada has raised its key rate four more times, which now stands at 1.75%.Further increases are expected in order to contain rising inflation.Rising interest rates have an impact not only on bonds, but also on stocks. Some sector...Read More
Mineros S.A. (BVC: MINEROS) has entered into a binding agreement with Yamana Gold (TSE: YRI) to acquire the Gualcamayo gold mine in Argentina, and has an earn-in agreement for the La Pepa gold exploration project in Chile.Gualcamayo is an established producing mine with a long operating history. The mine is on track to achieve Yamana's 2018 gold production guidance of 100,000 ounces.The Gualcamayo...Read More
Mr. Chris Taylor reportsGREAT BEAR ANNOUNCES C$3.5 MILLION PRIVATE PLACEMENT OF FLOW-THROUGH COMMON SHARESGreat Bear Resources Ltd. has entered into an agreement with Cormark Securities Inc., pursuant to which Cormark has agreed to purchase one million common shares that qualify as flow-through shares of the company for the purposes of the Income Tax Act (Canada) at a price of $3.50 per flow-throu...Read More
Late last month the Tax Court of Canada ruled in favour of Cameco Corp. (TSX: CCO; NYSE: CCJ) in the company's decade-long dispute with the Canada Revenue Agency over tax reassessments for the 2003, 2005 and 2006 tax years.Now the CRA says it plans to appeal the decision with the Federal Court of Appeal, a process Cameco estimates would take about two years.Decisions of the Federal Court of Appea...Read More
Spain will close most of its coal mines by the end of the year after government and unions reached a deal that will see ?,?250 million invested in mining regions over the next ten years, The Guardian reported today.Pedro S??nchez's new administration reportedly moved quickly on environmental policy, killing a controversial solar industry "sunshine tax", and announced a national climate plan wi...Read More
Azimut Exploration of Longueuil, Que., and its strategic partner SOQUEM have made what they are calling a "major" discovery of gold-copper-silver mineralization at Azimut's Munischiwan property in the James Bay region.The zone is 600 metres long and 100 to 150 metres wide. Grab samples from the outcrop have returned gold values between 11.0 and 1.53 g/t, 1.67 to 0.05% copper, and 435.0 to 5.8...Read More
Mr. Eric Edwards reportsTRIMETALS MINING ANNOUNCES CONVERSION OF CONVERTIBLE NOTES, CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FOR $450,000, AND PROVIDES UPDATE ON BOLIVIAN ARBITRATION PROGRESS Trimetals Mining Inc. has closed the first tranche of a non-brokered private placement, raising gross proceeds of $450,000 from the sale of 6,428,571 units priced at seven cents per unit.Eac...Read More
Canada's Leagold Mining (TSX:LMC), which acquired the Santa Luz gold project in Brazil after taking over Briogold to build a mid-sized gold producer in Latin America, said restarting the mine would cost $82 million.Delivering the results of an updated feasibility study for the asset, which has been shut down since 2014, the Vancouver-based miner said Santa Luz could produce 1.06 million ounces of...Read More
Goldfutures finished the day with moderate gains, as the most active December Comexcontract closed $3.80 higher at $1,236.20. Although gold prices finished higher on the week, after gainingapproximately $ 6.00, price advances were limited once again by dollarstrength. That being said, gold prices have managed toincrease in value now for the fourth consecutive week. Another noteworthycharacteristic...Read More
(Kitco News)- It has taken a while, but gold is now doing exactly what itis supposed to do as the metal ends the week near a three-month high as U.S.equity markets continue to melt down and bond yields drop.The gold market is seeing its fourth week of consecutivegains and is on pace to end a six-month downtrend. December gold futures aretrading near a three-week high, last trading at $1,243 an oun...Read More