Golden Reign Resources (TSXV: GRR; US-OTC: GRGNF) and Marlin Gold Mining (TSXV: MLN; US-OTC: MLNZF) have merged to form Mako Mining, which will begin trading on the TSX Venture Exchange under the symbol 'MKO' on November 14, 2018. Mako will focus on Golden Reign's San Albino gold deposit in northern Nicaragua and Marlin's producing La Trinidad gold mine in Sinaloa, MexicoUnder the terms of t...Read More
Rio Tinto completed the lease and sale of a wharf and land in Kitimat to LNG Canada for a consideration of $576 million (about CAD$760 million). LNG has also agreed to build a replacement wharf for Rio's export shipments of aluminum from the B.C. Works smelter.LNG Canada is a joint venture of Shell, Petronas, PetroChina, Mitsubishi and Kogas. Discussions of the various options for the wharf bega...Read More
Russian gold and silver producer Polymetal has begun construction at its new Nezhda gold mine in eastern Siberia, which will contribute to its dividends in 2022, it said on Monday.The London-listed firm, part-owned by businessman Alexander Nesis, is starting this new project with pre-production capital expenditures estimated at $234 million a few months after it launched its Kyzyl mine in Kazakhst...Read More
RNC Minerals Corporation (TSX: RNX) today reported production at the Beta Hunt Mine in western Australia. Beta Hunt produced 13,497 mined gold ounces for the month of October 2018 at an average grade of 9.06 g/t.Year-to-date October 31, 2018 mined gold ounces was 71,957, an increase of 60% versus the prior year period, including 25,355 ounces thus far from the Father's Day Vein and a total of 30,1...Read More
RSC Mining and Mineral Exploration (RSC) and Terra Modelling Services (TMS) today announced a co-operation agreement between the two companies to integrate their services.RSC is an international resource development specialist headquartered in Australia, operating in Australasia, Africa, Asia Europe and the Middle East. TMS is a Canadian full-service resource modelling consultancy and exploration...Read More
Canadian investors are using the Tax-Free Savings Account (TFSA) to set aside funds as part of their retirement planning program.The TFSA is useful for younger investors who might prefer to sandbag their RRSP contribution room for future years when they will be in a higher tax bracket. The TFSA is also more flexible in that you can access the funds at any time without the concern of taxes being he...Read More
Mr. Brett Heath reportsMETALLA PROVIDES UPDATE OF NEW DISCOVERY ON THE SANTA GERTRUDIS GOLD PROPERTYMetalla Royalty & Streaming Ltd. has provided an update on its recently acquired 2-per-cent net smelter return (NSR) royalty covering the Santa Gertrudis gold property owned by Agnico Eagle Mines Ltd., as disclosed by Agnico by way of a news release on Oct. 24, 2018. Brett Heath, president and c...Read More
Osisko Metals (CVE: OM) of Montreal has released results of the drill program at the Titan zone on its Key Anacon property 20 km south of Bathurst. Recent hole KAT-18-08 returned 8.0 metres of massive sulphides grading 9.53% zinc, 3.63% lead, 0.20% copper, and 68.62 g/t silver.The same hole also intersected a separate copper rich zone that assayed 1.18% copper, 0.82% zinc, 0.12% lead and 8.9 g/t s...Read More
The joint venture of Vancouver-based Azincourt Energy and New Age Metals has received assays up to 4.1% lithium oxide from the Silverleaf pegmatite samples at their Lithium One project 125 km northeast of Winnipeg.The results follow a comprehensive ground mapping and sampling field program this summer. High grades were also found in nine samples that exceeded 2% and five samples that exceeded 3%...Read More
For years now, investors have been captivated by the growth potential of the solar industry.And rightfully so.Solar power has been growing exponentially, accelerated in the past few years by falling costs for panels.No doubt, that trend is going to continue.In the next decade, the global solar market is in line for 138% growth, set to surge from 395 GW at the end of 2017 to 942 GW at the end of 20...Read More
(Kitco News) - Gold is looking to end a year on a strong note, according to one long-standing gold bull, who sees the recent strength in the U.S. dollar and the U.S. real rates as only temporary.Investors will be choosing gold again once the divided political environment in the U.S. pushes the greenback down, Metal Bulletin precious metals analyst Boris Mikanikrezai wrote in a Seeking Alpha post o...Read More
Vancouver-based Colonial Coal International (TSX-V: CAD) has received the preliminary economic assessment for its 100% owned Gordon Creek metallurgical coal project located about 30 km south of Tumbler Ridge. Prepared by Stantec Consulting Services, the PEA demonstrates positive economics.The Gordon Creek project has an after tax and royalty net present value of $690.5 million with a 7.5% discou...Read More
(Kitco News) - Gold andsilver prices recouped mild early losses to trade around unchanged levels onthe day, in early-afternoon dealings Tuesday. Gold hit another four-week lowbelow $1,200.00 overnight. The silver market fell to a two-month low today.Precious metals were somewhat supported when the U.S. dollar index sold offtoday, on a corrective pullback after hitting a 1.5-year high on Monday. H...Read More
(Kitco News)- Gold prices are expected to quietly move higher through therest of the year into 2019, butone of the world’s top precious metals consultancyfirms said investors shouldn’t expect to see fireworks as there currently isn’tan urgency for diversification.In a recent interview with Kitco News, Philip Newman,director and founding partner of Metals Focus, said that although...Read More
Tasca Resources (TAC-V) today announced it has acquired the Selish Mountain property, a 290-hectare block 15 kilometres southwest of Merritt, B.C., and 10 kilometres to the north of Westhaven Ventures Inc.'s Shovelnose gold property, where recent drilling has returned intersections of 8.95 grams per tonne gold over 46.2 metres and 24.5 g/t gold over 17.77 metres. Historic exploration on the Selish...Read More
Mr. Brett Heath reportsMETALLA PROVIDES UPDATE OF NEW DISCOVERY ON THE SANTA GERTRUDIS GOLD PROPERTYMetalla Royalty & Streaming Ltd. has provided an update on its recently acquired 2-per-cent net smelter return (NSR) royalty covering the Santa Gertrudis gold property owned by Agnico Eagle Mines Ltd., as disclosed by Agnico by way of a news release on Oct. 24, 2018. Brett Heath, president and c...Read More
ALROSA, the largest diamond mining company in the world, has summed up the results of the auction in Vladivostok for the sale of large rough diamonds, equaling over 10.8 carats.The company has sold 119 gem-quality rough diamonds with a total weight of 1,890 carats. The overall revenue from sales reached $10.3 million. ALROSA had held four auctions in Vladivostok this year, including the last one,...Read More
(Kitco News) -The sentiment from the Silver & Gold Summit in SanFrancisco was one of fear - the nosedive that equities took in October hasunderstandably shaken investors’ confidence in the stock markets.The questions on everyone’s mind is during the conferencewas whether or not investors will flood back to safe havens in 2019, and if so,will gold take the crown as the king of safe...Read More
p>(Kitco News)- King Dollar willrule over gold prices in thenear-term, but the yellow metal will continue to be an important diversifierand safe-haven asset for investors in the long-term according to one fundmanager.In a telephone interview with Kitco News Maxwell Gold, directorof investment strategy at Aberdeen Standard Investments, saidthat he sees gold as a strong buy on dips as volatility wil...Read More
(Kitco News) - Thegold/silver ratio has risen to its highest level in roughly a quarter century,with silver suffering from both weakness in precious metals lately but also draggeddown by pessimism about base metals.“Thesilver price has been very weak in recent days - in both absolute and relativeterms....The gold/silver ratio has risen to 86, its highest level in 25 years,”said a resea...Read More