Analyst Update This junior releases a preliminary economic assessment focusing on new copper-rich deposits on its massive KSM site in the Golden Triangle.An expansion of Seabridge Gold Inc.'s (SEA:TSX; SA:NYSE.MKT) massive KSM project in British Columbia's Golden Triangle would produce an estimated 14.3 billion pounds copper, 14.3 million ounces (14.3 Moz) gold, 68.2 Moz silver, and 13.8 million...Read More
The US economy fell into a technical recession. As a safe-haven asset, will gold soar now?What Is Recession, Anyway?Ladies and gentlemen, please welcome the technical recession! According to the initial measure of the Bureau of Economic Analysis, real GDP dropped 0.9% in the second quarter, following a 1.6% decline in the first quarter (annualized quarterly rates). As the chart below shows, on a q...Read More
Bad breaks can be tough to recover from. The process can be arduous and can take a long time. Sometimes a full recovery remains elusive and distant.Silver has a history of bad breaks over the past half-century. Below is a series of charts that tell the story… CHART NO. 1Silver Prices – 2 Year Historical ChartAn extended, downward slide has taken the silver price down by thirty p...Read More
BOOM(ing economy...)(by Half Dollar) The Employment Situation Report, commonly called the Jobs Report, has just been released for the month of July, 2022.Recall that the Bureau of Lying Sadists Labor Statistics has been performing a Jobs Report "do-over" for the last three or four months.Today, however, Team US Recession Narrative just got dunked on by Team Booming Economy Narrative.Which is to sa...Read More
It's not often that "price in time" forecasts work out in the short term, but the...by Stewart Thomson of Graceland Updates1. Oil and gasoline prices continue to fall. That's relieving some inflationary pressures, yet gold is surging in a dramatic rally from my $1675 buy zone.2. Can the divergent action continue? 3. For some insight as to why it likely will, please click here no...Read More
The company said the feasibility study confirmed the plan for gravity, milling and heap leach processing.Read More
Inflationary pressures and the acceleration of certain capital programmes including a tailings facility where highlighted as the causes, with the company increasing its 2022 AISC guidance toRead More
Investor Insight: InterGroup MiningSPONSOREDintergroup miningEmerging SA gold developer Barton Gold breaks the mouldSPONSOREDbarton gold holdings limitedSky the limit for AuTECO in CanadaSPONSOREDauteco minerals ltdAlicanto wows with maiden resourceSPONSOREDalicanto mineralsAdventus has definitively secured up to $235.5 million in finance for the future construction of El Domo, of which only $2.5...Read More
The firm's US$500 million of liquidity in cash and cash equivalents, together with access to funding under a heads of agreement with Rio Tinto, will meet its minimum obligations for at least 12 monthsRead More
Shares in the Brisbane-based, London-listed developer dropped last week on rumours of an unsuccessful capital raising. CEO Darryl Cuzzubbo confirmed the company tested the market.Read More
Successfully delineating a globally significant greenfields sulphate of potash discovery within two years of listing on the ASX is not the only reason investors are embracing Western Australian SOP developer Trigg.It's also Trigg's standout environmental, social and governance (ESG) credentials and the fact the company is advancing a truly sustainable natural resource project, according to managin...Read More
Elephants are rare in outback Australia, even of the mineralised variety, but that's what Rumble Resources appears to have found at Earaheedy in central WA where a world-class zinc, lead and silver discovery is emerging.Not a technical description, the elephant analogy is reserved for the biggest mineral systems and while Earaheedy is still being drilled the signs are pointing to a potentially maj...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 29 points in pre-opening trade. U.S. equity index futures moved lower following release of the July Employment Report at 8:30 AM EDT. Consensus was a drop to 250,000 from upwardly revised 398,000 in June. Actual was an increase to 528,000. Consensus for the July Unemployment Rate was unchanged from June at 3.6%....Read More
Across the globe the energy transition is boosting future demand projects for those metals crucial to the production of electric vehicles (EVs), wind turbines, solar cells and many other green technologies. Much focus has been placed on copper - the main element in wiring and other electronic components - but there is also a huge role to be played by the metal that serves as the glue that holds th...Read More
The Ivittuut mine in Greenland has long been a strategic asset. It is the world's only source of mined cryolite - a flux used in the aluminum refining process. During the Second World War, US forces occupied the site to secure their own supply of this mineral that was crucial to the production of military aircraft. Now the mine's new owners, Australian firm Eclipse Metals, believe it could become...Read More
In February 2022, copper explorer Aranjin Resources Ltd announced a joint venture agreement in Mongolia with lithium explorer ION Energy. The alliance leverages the technical expertise of the two teams, provides access to each other's tenements and allows Aranjin (listed on the TSX Venture Exchange) to benefit from ION's strong track record in Mongolia.The deal between Aranjin and ION is innovativ...Read More
Global battery and minerals supply chains need to expand ten-fold to meet projected critical minerals needs by 2030, a report published by the International Energy Agency (IEA) has found.In short, the report concludes the industry needs to build 50 more lithium mines, 60 more nickel mines and 17 more cobalt mines by 2030 to meet global net carbon emissions goals.Pressure on the supply of critical...Read More
Adventus Mining (TSXV: ADZN) has finalized a US$55-million offtake financing agreement with Trafigura for the construction of its 75%-owned El Domo-Curipamba copper-gold project in Ecuador. Of the total US$248-million estimated project capex, Adventus has now locked down US$235.5 million. The development is a joint venture with Salazar Resources (TSXV: SRL). The total US$235.5-million financing...Read More
BeMetals (TSXV: BMET; OTC: BMTLF), which made its name in the gold sector by acquiring a portfolio of exploration projects in Japan, has announced a US$5-million loan from strategic investor B2Gold (TSX: BTO). The loan, which bears interest at 4.7% per annum and matures on Aug. 4, 2025, will be used for working capital."Given the current conditions in equity markets for the mining sector, we are p...Read More
Canada's Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) flagged after markets closed on Thursday a US$200-million cost increase for the ongoing expansion of the massive Oyu Tolgoi copper-gold mine in Mongolia.The Montreal-based company currently estimates its base case incremental funding requirement at US$3.6 billion, up from the US$3.4 billion forecast by the end March.Turquoise Hill said the up...Read More