Canadian miner Alamos Gold (TSX: AGI) has begun production at its La Yaqui Grande mine in Mexico, following the completion of construction this month, slightly ahead of schedule.A total of 991 ounces of gold were produced from the initial pour, the company said, adding La Yaqui Grande, its second mine in Mexico, is expected to churn out roughly 3,000 ounces of gold in June.The figure has alread...Read More
Canadian explorer Argentina Lithium & Energy (TSXV: LIT; US-OTC: PNXLF) aims to advance new sources of high-quality lithium in Argentina to meet the growing demand for clean energy technologies powered by lithium-ion batteries.Argentina Lithium is part of the Grosso Group of companies, which has been a pioneer of mineral exploration in Argentina for nearly three decades.The Vancouver-headquarter...Read More
The mining universe has lost not only a wise and generous leader, but also a true renaissance man. Igor Levental, president of The Electrum Group and director of Novagold Resources and Gatos Silver, passed away suddenly and unexpectedly on June 10. Igor's mining career spanned more than 30 years, where he held numerous board and senior roles and was actively involved in many of our industry's m...Read More
During a presentation at the 2022 PDAC conference in Toronto, the Peruvian minister of economy and finance, ?"scar Graham, announced that his government will extend to 2025 the tax refund benefit to mining and oil exploration, which was scheduled to end in December 2022.According to Graham, the decision is based on the government's desire to guarantee the growth of the mining sector, which is resp...Read More
Growing fears of a recession and an aggressive 75-basis point hike by the U.S. Federal Reserve had markets reeling over the June 13-17 trading period. The S&P/TSX Composite Index dove 1,344.34 points or 7.1% to 18,930.48; the S&P/TSX Global Mining Index tumbled 8.76 points or 8.5% to 103.48; and the S&P/TSX Global Base Metals Index fell 19.59 points or 11.5% to 169.48. The S&P/TSX Global Gold Inde...Read More
The S&P/TSX Venture Composite Index fell 64.32 points or 10% to end at 640.38. Shares of Eloro Resources bucked the trend, rising 38 ? to $3.99 apiece as the company announced drill results from its Iska Iska silver-tin polymetallic project in southern Bolivia. Highlights from the drilling included 88.7 metres grading 10.74 grams silver per tonne and 1.01 grams gold starting from 319.4 metres in...Read More
The Dow Jones Industrial Average retreated 1,504.01 points or 5.03% to 29,888.78 and the S&P 500 fell 226.02 points or 6.1% over the week to 3,674.84 as U.S. stocks felt the pressure amid growing concerns of an economic recession, high inflation and rising interest rates. Most miners saw their share value decrease during the week despite providing seemingly positive updates. Shares of Nouveau M...Read More
Canadian explorer Golden Arrow Resources (TSXV: GRG; US-OTC: GARWF) holds a portfolio of precious and base metal projects in Argentina and Chile.Golden Arrow is part of the Grosso Group of companies, which has been working successfully in Argentina since 1993, where it has been involved in several major discoveries, including the Chinchillas silver deposit, now owned by SSR Mining (TSX: SSRM;...Read More
Mining and mineral exploration companies are under increased pressure to improve drilling performance. More accurate drilling can benefit every aspect of a mining operation by making it smoother, safer, and more productive.Drill operators, however, are required to oversee streams of complex data, generate value from that data, and manage tasks in need of constant attention during operations, which...Read More
Montreal, Quebec, CANADA - June 20, 2022 - Glen Eagle Resources Inc. (the "Corporation") (TSXV: GER) is pleased to announce that it has entered into an option agreement (the "Agreement") with an unlisted reporting issuer (the "Optionee"), which provides the Optionee the right to acquire (the "Option") a 100% interest in the Moose Lake Property (the "Property") located in the Province of Quebec. Th...Read More
1844 Resources Inc. (TSXV: EFF) (theRead full newsRead More
Wrapping up a speech at the Port of Los Angeles, President Joe Biden took a swing at oil companies on Friday, blaming them for not doing enough to keep oil prices low.Biden was asked specifically about ExxonMobil. The President replied, "We're going to make sure that everybody knows Exxon's profits. Why don't you tell them what Exxon's profits were this year - this quarter? Exxon made more money t...Read More
The market capitalisation of the top 40 miners increased by 7% over 2021, with valuations for miners of critical minerals up by 49-147%.Read More
The designation by the Brazilian government will allow prioritised permitting for the scheme, Bravo Mining (formerly BPG Metals) said.Read More
Gold Silver (w/ Mike Maloney), Released on 6/21/22Join Mike Maloney and Adam Taggart as they look at the latest data through the lens of Mike's 'Inflation, THEN deflation' hypothesis. What is coming next? How long will inflation last? What will the Fed do? What happens to the dollar? Download Mike's best-selling book for free here: https://pages.goldsilver.com/freebook Thanks for sharing and click...Read More
Gold Switzerland, Released on 6/21/22In this June, 2022 MAMChat, Matterhorn Asset Management principals, Egon von Greyerz and Matthew Piepenburg, swap thoughts on the bearish decline of U.S. risk assets along side an equally painful rise in inflationary forces. Egon von Greyerz is founder and Managing Partner of Matterhorn Asset Management AG & GoldSwitzerland. Since the 1990s Egon von Greyerz has...Read More
ITM Trading, Released on 6/21/22Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and...Read More
Wealthion, Released on 6/21/22Stocks have fallen for a number of reasons this year. But there's another shoe that's about to drop that should send equity prices even lower: margin compression. Despite companies' profits getting squeezed by higher input costs due to hot inflation AND rising costs of capital, Wall Street analysts are still projecting robust earnings growth for 2023. Those estimates...Read More
Kitco News, Released on 6/21/22The Federal Reserve's hawkish stance is not sustainable, and it is likely that not only will the world's largest central bank stop raising rates altogether by the end of the year, they will reverse course and lower rates, according to Keith Neumeyer, CEO of First Majestic Silver. Speaking to Michelle Makori, Editor-in-Chief and Lead Anchor of Kitco News at the Prospe...Read More
Rebel Capitalist, Released on 6/21/22George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at th...Read More