"Cobalt Blockchain Provides Corporate Update on Joint Venture Copper / Cobalt Properties, Commissioning Study on Cobalt Hydroxide Plant and Trading on The OTCQB Venture Market https://t.co/FpC266V5uC"Read full newsRead More
Gold exploration in Nevada is improving as rising gold prices make the mining-friendly state all the more attractive.Read full newsRead More
"Nexus Gold Acquires Dakouli 2 Project on the Boromo-Goren Greenstone Belt, Burkina Faso, West Africa @NexusGoldCorp https://t.co/7QzWFovBch"Read full newsRead More
Construction is accelerating at Fortuna Silver Mines' (TSX: FVI; NYSE: FSM) Lindero project in Argentina and commercial production will start as planned at the end of the third quarter next year, the company says."The project has gained significant momentum," Jorge Ganoza, Fortuna's president and CEO, told analysts and investors on a conference call on its third quarter results.Fortuna decided to...Read More
Guyana Goldfields (TSX:GUY) announced today that is has started underground development at its 100%-owned Aurora Mine, which is located in northwestern Guyana, in a territory in dispute with Venezuela.In a media statement, Guyana Goldfields said is has completed the first blast on the Mad Kiss portal and that now the contractor is working on completing and reinforcing the collar and extending the...Read More
MUMBAI/BENGALURU - Demand for physical gold gathered steam during a key festival week, shrugging off a recent downtrend going into the traditional busy wedding season, while other major Asian hubs saw limited activity.India, the second biggest bullion consumer after China, celebrated the Dhanteras and Diwali festivals this week, when buying gold is considered auspicious."We were initially skeptica...Read More
PARIS - Industralist Sanjeev Gupta's Liberty steel company has secured the financing for its acquisition of a Dunkirk aluminum smelter from Rio Tinto .The Liberty company said on Friday that it had entered into a committed financing agreement with a syndicate of major international banks. It said the term loan, secured on standard financial terms, provided for five years of committed funds.Liberty...Read More
Underground mine development is on schedule and at planned rates, Lundin Gold ( TSX: LUG) expects to reach the ore body at its Fruta del Norte project in Ecuador during the first quarter of 2019, and pour first gold at around this time next year, the company says.Better than anticipated ground conditions, less water than expected and higher productivity of project contractors, have enabled Lundin...Read More
Permitting at Sandfire Resources' (TSXV: SFR; US-OTC: SRAFF) Black Butte copper project in Montana has been delayed by a new statewide standard for nitrogen during the growing season.The company says it will expand its mine plan to include a treated water reservoir that can meet Montana's new pollution standards year round. It has to add the information to its draft environmental impact statement...Read More
WASHINGTON - The United States on Friday said it was postponing the enforcement of sanctions on Russian companies, Rusal and Gaz PAO for nearly four weeks as their top shareholder works on a plan to cut his stakes.U.S. authorities had given Russian tycoon Oleg Deripaska until Dec. 12 to reduce his holdings in the three companies but said in a statement that the deadline had been moved to Jan. 7, 2...Read More
JOHANNESBURG - Gold Fields said on Friday third quarter production was down 3 percent, with its last South African asset, South Deep, weighing on total output.Gold production for the quarter ended Sept. 30 from continuing operations dropped to 533,000 ounces from 552,000 in the same period last year, with the struggling mine producing 50,000 ounces during the quarter.South Deep has faced numerous...Read More
Star Diamond Corporation (TSX: DIAM)today announced that Rio Tinto Exploration Canada ("RTEC") commenced an HQ core drilling program on 11 holes and 3,300 metres of drilling on five kimberlites.This program is the first phase of drilling of the Brownfields exploration program to investigate and prioritise the Fort ? la Corne kimberlites outside of the Star and Orion South kimberlites The core dri...Read More
BloombergFed Chairman Jerome Powell The Federal Reserve on Thursday held interest rates steady while signaling that it will stay the course and move rates up at a gradual pace in coming months. As expected, the Fed kept its benchmark target for rates unchanged in a 2% to 2.25% range. In November, the central bankers left the core of its prior, upbeat, policy statement unchanged. With jobs gains "...Read More
McClellan Financial Publications, IncPosted Nov 11, 2018November 08, 2018I was asked recently about the upcoming “grand solar minimum”, and whether it means anything for the stock market. This is something I have looked at, and the answer is that I wish it was more meaningful than it really is.Solar minimum is when the sunspot count bottoms out as the sun goes quieter. The sunspot cycl...Read More
Paramount Gold (PZG) owns a 100% interest in the Grassy Mountain Gold Project in eastern Oregon and a 100% interest in the Sleeper Gold Project in northern Nevada. PZG acquired Grassy Mountain (GM) in July 2016 via the acquisition of Calico Resources for $15 million in PZG shares. GM has a total resource of 1.65 million ozs of gold (mostly measured) and 4.96 million ozs of silver. Of this, 504k o...Read More
The Detour Lake Mine in northern Ontario. Source: Detour Gold Corp.Detour Gold Corp. [DGC-TSX] dissident shareholder Paulson & Co. Inc. on Friday November 9 released a list of questions it believes the company should address in the circular it files for the upcoming special meeting of shareholders on December 11, 2018. Today is the record date for the meeting.The questions are intended to ensu...Read More
The San Francisco open pit mine in Sonora, Mexico. Source: Alio Gold Inc.Alio Gold Inc. [ALO-TSX, NYSE] is looking at several options for its San Francisco gold-silver mine in Mexico to reduce mining dilution in 2019, including a temporary suspension of mining while leaching and processing of low-grade ore from stockpiles continues.Shares of Alio closed down 9% on November 8, 2018, the date of the...Read More
A BMO Capital Markets report assessed this project following a site visit. In a Nov. 7, 2018, research note, analyst Andrew Kaip reported that the overall impressions from BMO Capital Markets' site visit to Newmont Mining Corp.'s (NEM:NYSE) Tanami project in Australia's Northern Territory are that it is "a great success that keeps getting better," it is "quickly heading to tier 1 status" and it...Read More
Sector expert Michael Ballanger muses on the forces at play on the markets and precious metals, and also mentions uranium. Back in the 1960s, from time to time, many of my elementary school classmates would have great difficulty paying attention to the teacher. It would usually take the form of doodling with a pencil, drawing prepubescent renditions of monsters or hot rods or animals. The polite...Read More
This free e-book offers options basics for any trader.It's essential for every trader to occasionally take a step back, and consider their long-term trading goals.Some traders aretrying to fund a child's college education, augment their own retirement, or leave the daily 9-to-5 grind once and for all, while others are seeking a way to smooth out crazy market volatility and whipsaw swings in their...Read More