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CHINA MINOR METALS MARKET REPORT 05/06: Tellurium price firms up amid promising demand outlook [CORRECTED]

June 09, 2020 / www.metalbulletin.com

An overview of the Chinese minor metals markets and the reasons for their latest price moves. (Due to a technical error, the new price for...Read More

Novagold responds to short-seller accusations with 40-page diatribe

June 08, 2020 / www.northernminer.com

Novagold Resources (TSX: NG; NYSE-AM: NG) has hit back against a report from J Capital Research released late May that accused managers of the Vancouver-based explorer of "systematically" misleading investors about its proposed Alaska gold mine over the last 15 years.J Cap, a company founded in China a decade ago that usually targets overvalued media and tech companies for short-selling, said the...Read More

Update: Barrick denies claims of illegal gold exports from Porgera

June 08, 2020 / www.northernminer.com

Barrick Gold (TSX: ABX; NYSE: GOLD) has denied claims that it sought to unlawfully export gold from the Porgera mine in Papua New Guinea that it jointly owns with China's Zijin Mining.On June 5, Papua New Guinea's mining regulator accused Barrick Niugini - the operator of the mine - of seeking to illegally export US$13 million in silver and gold to Australia. The country's Mineral Resources Author...Read More

Mountain Province arranges $50M alternative diamond sale

June 08, 2020 / www.northernminer.com

With the diamond trade still largely shut down due to the coronavirus pandemic, Mountain Province Diamonds (TSX: MPVD; US-OTC: MPVD) has found a way to bring in much-needed revenue with a $50-million sale of rough diamonds to a company owned by its largest shareholder.The first $22 million worth of diamonds is expected to be sold on June 11 to Dunebridge Worldwide after a binding agreement between...Read More

Eldorado Gold constructs $24M tunnel at Lamaque

June 08, 2020 / www.northernminer.com

Eldorado Gold (TSX:ELD; NYSE:EGO) has started construction of a US$24-million tunnel at its sole Canadian operation, the Lamaque gold mine in Quebec, which will allow the company to grow production and reduce energy use.The Vancouver-based miner, which kicked off commercial production at Lamaque last year, said the fully permitted decline project will connect the Sigma mill and the 405 metre level...Read More

Aluminium rush is on

June 08, 2020 / www.mining-journal.com

Rupert Resources on a Roll at IkkariSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesBut even as the COVID-19 pandemic stirs concern about a potential impact on the production of aluminium metal and its precursor, alumina, in...Read More

Quant-Quake Continues: Momentum Melts Down As #Stocks & Bonds Rally #meltup

June 08, 2020 / www.zerohedge.com

On the day that NBER announces the US Economy officially entered recession in February, S&P scrambled green year-to-date...Read full newsRead More

US offers help with #Nornickel's Arctic fuel spill, #Russia thankful

June 08, 2020 / bit.ly

Since late May, Russian officials have been working to contain the spill of 21,000 cubic meters of diesel at Nornickel's facility in Norilsk.Read full newsRead More

Vale reaffirms #ironore output forecast after court decision

June 08, 2020 / bit.ly

Vale said it is keeping its monthly production forecast at Itabira at 2.7 million tonnesRead full newsRead More

#China Suspends #Debt Repayments For 77 Developing Countries And Regions |

June 08, 2020 / www.zerohedge.com

The nation is working with other G20 members to carry out the G20 debt relief initiative for low-income countries.Read full newsRead More

Bitcoin halving: What it's and what it can mean for future of mining

June 08, 2020 / dlvr.it

Now every time 210,000 blocks are cleared, Vijay says, the value halves. So, after the first 210,000 blocks, it became 25 bitcoins; at 420,000 it became 12.5, and now at 6,30,000 it is 6.25.Read full newsRead More

3 Gold Stocks to Buy Right Now

June 08, 2020 / dlvr.it

Looking to add a golden glow to your portfolio? There's more than one way to go.Read full newsRead More

$ADZ Adamera and Hochschild Initiate 2020 Exploration Program

June 08, 2020 / bit.ly

Adamera Minerals Corp. and Hochschild Mining PLC are pleased to aRead full newsRead More

$LMS Latin Metals Provides Update on Argentina Gold and Copper Projects

June 08, 2020 / bit.ly

Latin Metals Inc. ("Latin Metals" or the "Company") (TSXV:LMS) (OTCQB:LMSQF) provides an update on the status of the Company's various gold, copper and silver exploration projects in Argentina.Read full newsRead More

$SPOT Yamana Gold Reengages @GoldspotD for Its Cerro Moro Gold and Silver Mine in Argentina

June 08, 2020 / bit.ly

GoldSpot Discoveries Corp. is pleased to announce that due to itsRead full newsRead More

$GBR @GreatBearGBR Drills 30.51 g/t #Gold Over 12.40 m at LP Fault

June 08, 2020 / bit.ly

Great Bear Resources Ltd. today reported results from its ongoingRead full newsRead More

Investors turn towards gold mining companies as gold prices rise

June 10, 2020

Gold is attempting to make a comeback as it emerged above $1,700 at the beginning of the week. With the market mood worsening the S&P 500 corrected lower after previously erasing its gains for 2020. All data points to the precious metal continuing to attract buyers. Although the global pandemic and growing concerns regarding a new trade way between US and China may have thrown major stock mar...Read More

Scared of All the Money Printing? Buy These 2 Gold Stocks

June 09, 2020 / www.fool.ca

Money just isn’t worth what it used to be. Inflation has been eating away our purchasing power for years. Just 20 years ago, a basket of goods that cost $100 would cost almost $144 today!In the last few months, inflation isn’t the only phenomenon reducing the value of money. As of late May, “The federal government’s latest projection of how much it will spend on direct supp...Read More

Lumina Gold PEA adds 9 years to Cangrejos mine life

June 09, 2020 / www.mining.com

Cangrejos project mine camp. (Image courtesy of Lumina Gold.) An updated preliminary economic assessment (PEA) for Lumina Gold's Cangrejos gold-copper project in southern Ecuador has added nine years to the mine life and improved economics while increasing the initial capex to $1 billion from $831 million.The extended mine life for the open pit project, in Ecuador's El Oro province, comes from i...Read More

Agnico Eagle, Cameco win MAC awards

June 09, 2020 / www.mining.com

TSM Excellence Awards 2020. Agnico Eagle Mines and Cameco are this year's recipients of the Mining Association of Canada's (MAC) Towards Sustainable Mining (TSM) Excellence Awards, which recognize innovative sustainability projects focused on community engagement and the environment.The TSM encourages mining companies to meet the demand for minerals, metals and energy products in the most so...Read More

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