Hecla Mining Co., headquartered in Coeur d'Alene, Idaho, has filed an updated resource estimate for the Casa Berardi gold mine 95 km north of La Sarre, in the Abitibi region.Using a gold price of $1,200 per ounce, Hecla estimates the Casa Berardi reserves contain 1.9 million oz. of gold. The largest increases occurred in the proposed west mine crown pillar and principal pits.Proven and probable re...Read More
Australia is joining the growing number of nations looking to compete in space, from launching micro satellites that track sheep to mining water on the moon. Its advantage? Half the country already looks like Mars.With advances in technology and the falling cost of launch slots, the fledgling Australian Space Agency, set up last year, is taking a commercial approach to extra-terrestrial ventures....Read More
Toronto-based Kirkland Lake Gold has filed an updated 43-101 resource report for its Macassa gold mine in the town of Kirkland Lake. The report includes resources at Dec. 31 ,2018.Two important zones - Main/04 break and South mine complex - are detailed. The Main/'04 break has 775,000 measured and indicated tonnes averaging 17.9 g/t gold and containing 447,000 oz. The South mine complex has 1.0 mi...Read More
Korea Zinc Inc and Teck Resources Ltd have agreed annual concentrate treatment charges of about $245 a tonne, 67 percent higher than last year, as mine supply ramps up, two industry sources said.The two companies are major players in the metals sector, and their agreement on yearly processing charges often establishes a benchmark widely used throughout the industry.World mine production of zinc -...Read More
German auditing firm T?oeV S?oeD AG said on Tuesday it appointed a former Petroleo Brasileiro SA executive to head up its Brazilian subsidiary, changing leadership after a dam certified by the firm burst in January and killed hundreds.Jo??o Elek, former governance and compliance officer at Petrobras, became chief executive of the Brazilian subsidiary of T?oeV S?oeD on April 1. He takes over from i...Read More
Nickel miner PT Vale Indonesia is targeting to produce around 74,000 tonnes of nickel in matte in 2019, slightly lower than last year's production, president director Nico Kanter said on Tuesday.Lower production this year is due to a 10-week shutdown started in mid-February to the third week of April to conduct maintenance at furnaces and the power plant at its smelter in Sorowako, said director B...Read More
The Royal Canadian Mint announced this week the launching of three new bullion coins targeted at precious metals investors.In a press release, the institution said that the pieces include double-incuse Gold and Silver Maple Leaf bullion coins and its newest 99.999% pure gold "Call of the Wild" bullion coin, which features a moose."Call of the Wild" bullion coin. Photo by the Royal Canadian Mint."T...Read More
Sable Resources (TSXV: SAE) has extended the mineralized corridor at its Margarita silver project in Chihuahua State, Mexico, 350 metres to the northwest with results from its ongoing 19 hole Stage 2 drill program.The company is targeting the project's Margarita Vein, where it recently drilled the project's best intercept to date. Hole 24 cut 116.93 grams silver, 0.7% zinc, 0.21% lead and 0.17 gra...Read More
Global miner Glencore and Japan's Tohoku Electric Power agreed on a price of $94.75 per tonne for supplies of thermal coal from Australia for the year through March 2020, a source with direct knowledge of the matter said.The price, which serves as an industry benchmark for supplies of seaborne thermal coal in Asia, was 14 percent lower than a price agreed for supplies for the year through Septembe...Read More
Drilling 100 metres to the west of the diorite that hosts Wesdome Gold Mines' (TSX: WDO) Eagle River mine in Ontario has encountered a new discovery zone called Falcon, the company reports.Surface exploration drilling returned 73.5 grams gold over 1.3 metres starting from 209 metres downhole and 18.5 grams gold over 5.8 metres from 170 metres downhole.It is a positive indication of the potential g...Read More
Stop me if you've heard this before. Precious Metals disappointed again.The miners were leading the metals but the metals broke down from bear flag patterns and that took the miners lower, suggesting an interim top is in place.The technicals suggest weakness could be ahead for the sector but the fundamentals are finally turning bullish.Before we get to fundamentals, let's look at the technicals. T...Read More
Saving for retirement with a well-diversified RRSP portfolio will enable your financial goals to come to life under different economic scenarios, as the benefits of diversification work their magic.One sector that is a safe, diversifying anchor in a portfolio is the gold sector.The U.S. dollar is strongly correlated to movements in gold prices. As the U.S. dollar rises, the price of gold falls, as...Read More
The following three TSX index energy stocks have questionable value at the moment from market ratios that are slightly too high to a lack of data that makes inherent value hard to analyze. However, from uranium to big-name utilities, these stocks are worth holding in a portfolio based on other aspects of their data, from strong track records to positive outlooks.Cameco (TSX:CCO)(NYSE:CCJ)This uran...Read More
First Cobalt's refinery, Cobalt, Ontario. Image from First Cobalt.Toronto-based First Cobalt Corp.'s (CVE: FCC) stock soared over 38% Wednesday, after the company announced it has successfully produced a battery grade cobalt sulphate at its refinery near the town of Cobalt, Ontario.The refinery has the potential to produce up to 2,000 tonnes of cobalt product per year or more if the autoclave and...Read More
The Fed was already a shadowy cabal that acted on behalf of banking interests. But now it's becoming something worse - a shadowy cabal that acts on behalf of political interests.That is, the Federal Reserve, which is supposed to be independent, is being infiltrated and manipulated by politicians.Namely, President Donald Trump.Now before I go any further, let me give you a trigger warning...What I'...Read More
Immersive Technologies has announced the winners of its Global Business Improvement Award 2018. Marking the tenth year in which Immersive Technologies recognizes the most outstanding real results achieved by mining companies utilizing simulation as a key driver in the business improvement process.Finalists are selected for their achievements in continuously improving operational safety, efficiency...Read More
Nouveau Monde Graphite has arranged a non-brokered private placement with Pallinghurst Graphite that will raise C$10.3 million for continued work on the Matawinie graphite development project 150 km north of Montreal, Quebec. Pallinghurst has subscribed to purchase approximately 43.8 million common shares priced at C$0.235 per share.Nouveau Monde said it intends to close an earlier, C$11.7 million...Read More
GFG Resources of Saskatoon, Sask., says its inaugural 2018 drill program discovered a new gold zone at the 100% owned Pen gold project 50 km southwest of Timmins. The new find was made at the Crawford target in hole PEN-18-016 which intersected 21.26 g/t gold over 1.7 metres at a depth of 100 metres.In its entirety, PEN-18-016 returned 0.80 g/t gold over 1.0 metre; 12.26 g/t with visible gold over...Read More
Vancouver-based Arctic Star Exploration has begun exploration at its 100% owned Timantti project in the northern part of Canada near the township of Kuusamo. The company has already located three diamondiferous bodies - White, Black and Grey Wolf - and three kimberlite dykes.Arctic Star says there is "considerable evidence" that there are additional kimberlites on its property. Indicator minerals...Read More
Stop me if you've heard this before. Precious Metals disappointed again.The miners were leading the metals but the metals broke down from bear flag patterns and that took the miners lower, suggesting an interim top is in place.The technicals suggest weakness could be ahead for the sector but the fundamentals are finally turning bullish.Before we get to fundamentals, let's look at the technicals. T...Read More