Gold has been one of the few assets to perform strongly since the WHO announced a pandemic in March 2020. The yellow metal has gained 14% for the year to date to trading at US$1,731 an ounce. Despite higher gold, some Canadian gold miners have seen their stock soften since the start of the year because of the impact of the coronavirus on operations. That has created an opportunity to acquire quali...Read More
Image from Pixabay Employee engagement and soft skills have never been more important for the mining industry, the Global Mining Guidelines Group (GMG) outlines in a recent report focused on advancing employee engagement in mining. GMG authored the paper to share industry insights with the global community, such as the Workforce of the Future Working Group, launching soon. A number of convergingf...Read More
Beaten-down TSX-listed gold miner Eldorado Gold (TSX:ELD)(NYSE:EGO) has been a key beneficiary of gold’s latest rally. Over the last year, Eldorado’s stock soared by a notable 198%, substantially outpacing gold, which gained 35%.This has sparked speculation that Eldorado may not experience a rally as strong as many other intermediate gold miners when the yellow metal rallies again.Impr...Read More
Aurora Mill, Guyana. Photo courtesy of Guyana Goldfields. Gran Colombia Gold (TSX: GCM) announced on Monday that it will no longer pursue the acquisition of all shares of Guyana Goldfields and, as a result, terminated the planned merger with Gold X.The successful completion of the Guyana Goldfields acquisition was a condition for the merger with Gold X. Guyana Goldfields rejected Gran Colombia's...Read More
After 23 years of semi-autonomous governance, Hong Kong is being absorbed into China directly.No doubt, Beijing has been steadily eroding Hong Kong's political freedoms and independent legal system for years.And now the party is changing the Basic Law - Hong Kong's mini-constitution, which guarantees rights those in Mainland China don't enjoy, including freedom of assembly and freedom of the press...Read More
Image by Banyan Gold Banyan Gold (TSXV: BYN) on Monday reported an initial mineral resource estimate of 903,945 ?EUR?ounces in the inferred category for its Aurex ?EUR?and McQuesten properties, located in the Mayo Mining ?EUR?district of Canada's Yukon territory, approximately 56 km northeast from the village of Mayo and 356 km north of Whitehorse.The properties, together referred to as AurMac, a...Read More
The proposed site for Alaska's Pebble mine, at the headwaters of the rivers that empty into Bristol Bay. Credit: jsear | Flickr Northern Dynasty Minerals (TSX: NDM) has welcomed a change of plan for its Pebble project in Alaska's Bristol Bay region, which would now include an all land-based transportation route to connect the proposed copper-gold-molybdenum-silver mine in southwest Alaska.Last Fr...Read More
Israeli billionaire Beny Steinmetz has been at the centre of an international investigation into alleged bribery to win mining rights in Guinea.(Image taken from Beny Steinmetz's website) Billionaire Beny Steinmetz, the founder and owner of a company embroiled in a long-dragged dispute with Vale (NYSE: VALE) over lost rights to the massive Simandou iron ore project in Guinea, claims to have fres...Read More
The company has also appointed Murray John, Discovery Metals chairman and O3 Mining director, to its board.Read More
Speaking to Mining Journal on Friday - before it emerged that AngloGold Ashanti had shut down operations at its Mponeng gold mine after 164 workers tested positive for the virus - Tharisa's CEO Phoevos Pouroulis said the South African government had handled the pandemic "exceptionally well"."They have been pro-active, they have been extremely accessible, and certainly the Department of Mineral Res...Read More
Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) is a mineral exploration company, focused on the discovery of exceptional mineral deposits in North America. We learned from Bradford Cooke, Chairman of Aztec Minerals, that they are focused on new discoveries at their Cervantes porphyry gold-copper property in Sonora, Mexico, as well as their Tombstone project, located in Southeast Arizona, approxim...Read More
The government's quarantining and social distancing rules have failed miserably. A successful quarantine, with 100% of the population participating, should have eliminated the coronavirus within a few weeks. Yet it's been three months, and most U.S. states are still under quarantine orders. Why?Well, the answer is clear: Everyone didn't participate in the quarantine. Some very purposefully flouted...Read More
Rubicon Minerals Corporation (TSX: RMX | OTCQX: RBYCF) is an advanced gold developer that owns the Phoenix Gold Project, located in the prolific Red Lake gold district in northwestern Ontario, Canada. We learned from George Ogilvie, P.Eng. President, CEO, and Director of Rubicon Minerals, that they have a compliant NI 43-101 resource, with 811,000 ounces of measured and indicated, with a gold grad...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN added 36.03 points or 4.3% to close at 877.17.MACD jumped 8.43 points to 1.13. RSI rose 9 points or 20% to 54.43. We note that RSI has not made a new high since the price peaked in late April.Support is at 831 (lower Bollinger) and 817 (50-day moving average). Resis...Read More
Stephen Roach, senior lecturer at Yale School of Management and former chairman of Morgan Stanley Asia, talks about China's deteriorating relationship with the U.S. because of the coronavirus and China's push to introduce new security laws in Hong Kong. Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute...Read More
If there's a crisis will you be able to get any cash out of the bank? Will the banks even have any cash? Because, as of last March, it is no longer a requirement - the banks aren't required to have a single dollar bill. Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the...Read More
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Given that Federal Reserve chairman Jerome Powell has already hinted at more quantitative easing, it's not surprising that we've seen a continuation of the gold and silver rally. People see what's coming, and they're responding by buying gold and silver. Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave...Read More
A scientific study which found COVID-19 may have been a "cell-culture" uniquely adapted for transmission to humans (more so than any other animal - including bats), is gaining steam.Continue...Read More
"Get the f**k outta here!"A viral video shows at least five people harassing a woman inside a grocery store in Staten Island because she wasn't wearing a mask Continue...Read More