Oilfield services firm BJ Services filed for Chapter 11 bankruptcy protection early on Monday, following a severe cut in demand and cash crunch due to the coronavirus pandemic.Read full newsRead More

VANCOUVER, British Columbia, July20, 2020(GLOBE NEWSWIRE) -- Prime Mining Corp. (TSX.V: PRYM) (OTCQB: PRMNF) (Frankfurt: A2PRDW) ("Prime" or t...Read full newsRead More

ABUJA, Nigeria President Muhammadu Buhari said Thursday that the government is set to reform gold mining that will produce a revenue of $500 millionRead full newsRead More

Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More

Market Nuggets compiles all of the day's top expert analysis on the gold market. They offer a short synopsis of bank forecasts, and the outlook of famed economists like Dennis Gartman and Nouriel Roubini. Kitco Nuggets are constantly updated throughout the day.Read full newsRead More

Rock Samples Grade up to 7.8 g/t GoldRead full newsRead More

Examples of commodities are oil, wheat, and beef. These are products that are essential to everyday life. However, once these products are used, they can’t be reused. For example, once a person eats a steak, the steak is gone. You would need to go out and buy more steak for tomorrow.However, there are some reusable commodities like gold and silver. These commodities can be crafted into jewel...Read More

An interesting trend is emerging, which suggests that a recovery is baked into the markets. Few investors can have missed the fact that the TSX rallied last week. The cause? A potential vaccine breakthrough south of the border. The good news lifted industrials and materials — two areas most heavily impacted by the pandemic. Gold also continued to trend higher.A recovery is baked in at this s...Read More

Portal at Snip. Image from Skeena. Skeena Resources has released a maiden underground resource for its wholly owned Snip gold project, within the province's prospective Golden Triangle in British Columbia.The resource is made up of the Main-V, Main-S and Twin West zones, and includes 539,000 indicated tonnes grading 14 g/t gold, containing 244,000 gold oz., as well as 942,000 inferred tonnes, at...Read More

Editor's Note: I first introduced you to Reconnaissance Energy Africa a little over a month - and 70% - ago (interview here). Founder Craig Steinke calls it "the highest-impact oil and gas play in the world right now." His company is about to ship a rig to the Kavango Basin in Namibia, which it entirely controls. It'd be like if one company controlled the entire Eagle Ford. I recap recent explorat...Read More

A worker in the core shack at the Troilus gold project. Image from Troilus. Troilus Gold has added 230 sq. km of land holdings, or 422 claims, to its Troilus project in the province's Frotet-Evans greenstone belt, Quebec, increasing its land position to a total of 1,073 sq. km."These new acquisitions, coupled with additional staking by our team, further consolidates our position at a minimal cos...Read More

The numbers are coming in and they are grim.We already know that second-quarter earnings results are going to be a disaster, yet we'll get the "better than expected" bumps.It's absurd when profits are plunging into steep losses, but earnings hype has always been a charade.What I want to highlight are the "big picture" numbers emerging and, boy, are they scary.While we're talking about what corpora...Read More

Temperature distribution in Leapfrog Geothermal Credit: Seequent Seequent, a geoscience software company, is accelerating its development of cloud-based Seequent Central to allow organizations to continue their work on large-scale projects amid the covid-19 pandemic.Central works alongside Seequent's other products and gives users in any location the ability to visualize, track and manage geol...Read More

Callinex Pine Bay project in Manitoba Image from Callinex. Callinex Mines (TSXV: CNX) announced on Tuesday that it has commenced its 2020 summer drilling campaign at its Pine Bay project in Manitoba.The campaign will complete up to 1,500m of drilling at the project to test two newly identified Borehole Pulse Electromagnetic anomalies ("BPEM").The anomalies are interpreted to be off-hole from sulp...Read More

Vale do Rio Doce, Minas Gerais, Brazil Credit: Wikipedia. High prices of iron ore and gold will help the mining industry in Brazil to keep revenues in 2020 similar to 2019, despite the impact of the novel coronavirus, according to the Brazilian mining association (Ibram).In Q2 2020, mining companies reached a production value of R$39 billion ($7.5 billion), an increase of 9% over Q1. Iron ore rep...Read More

Being a gold bug has been great the last little while. The only thing better has been being a silver bug. Whether you own silver bullion, silver ETF's, silver stocks or silver trusts, that $20 dollar price tag has brought tears of joy to all those of us whove been long silver. But most important for silver bugs was news today July 20, 2020 that Sprott Silver Trust has just filed to raise $1.5 bill...Read More

Here are five Fastmarkets stories you might have missed on Tuesday July 21 that are worth another look.Two separate strikes at ArcelorMittal steelworks in northern Spain have had little or no impact on output, the company said on July 21.Maersk Line, the world's biggest shipping line by cargo capacity, will stop handling scrap cargoes destined for mainland China and Hong Kong due to policy uncerta...Read More

Aluminium premiums in the US Midwest and in Rotterdam rose on Tuesday July 21 following a wide contango on the London Metal Exchange, while premiums in Asia were flat.A wide contango and uncertainty about tariffs affecting Canada pushed the US Midwest premium to its highest since April.Slightly bullish sentiment, contango continued to support premiums throughout Europe.Premiums in Asia were steady...Read More

London Metal Exchange three-month base metals prices universally closed up on the previous day on Tuesday July 21, bolstered by the announcement on the European Union's ?,?750 billion ($857 million) fiscal package to fight the fallout of the global Covid-19 pandemic. The approval of the EU's recovery fund is expected to shore up a large amount of liquidity, which market participants anticipate wil...Read More

Bob Moriarty ArchivesJul 21, 2020I do hope my readers by now understand that we have entered the Greatest Depression. Infourteen weeks some 51.3 million Americans filed for unemployment.Many will not be returning to their original job as it no longer exists as airlines, major chains, restaurants and cruise ships entered bankruptcy. This is not the beginning of the end of the depression; indeed it...Read More