After briefly reaching highs above $2000, Gold has fallen to $1785 (-14%) following the deep selling in the US major indexes throughout most of April & May 2022.Interpretation Of The Current Consolidation In GoldMy team and I see the recent lows in Gold as similar to the April/May 2009 consolidation after the Global Financial Crisis. Also similar to the January 2013 consolidation before an ext...Read More
Some analogies in the gold market thatmay be a hint for investors can be seen right now. If there's a 2008 rerun,what could that mean in the near term?The precious metals market declinedyesterday, and while the move is still small, it’s nice to see that our shortpositions in juniors are already profitable.Something quite interesting happened intheir price movement at the beginning of yesterd...Read More
A comparison of this year’s grocery bills to last year’s yields a simple yet terrifying conclusion: food prices are rising at a rate beyond anyone’s imagination.The Food and Agriculture Organization’s (FAO) food price index, which tracks the price movements of the most commonly traded and consumed food crops, recently reached its highest on record.Most point to the exorbita...Read More
Copper is one of our most important metals with more than 20 million tonnes consumed each year across a variety of industries, including building construction (wiring & piping,) power generation/ transmission, and electronic product manufacturing. The red metal is also a key component in transportation; electric vehicles use about four times as much copper as regular internal combustion engine...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSORED"As our exploration activities ramp up, the demands of the Company's finance and operations teams are increasing, and I'm excited to have them join the team and contribute to driving the project forward," Filo's...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDZaritsky is to remain on as an adviser to the board of directors of the gold explorer and developer and continue in his primary role as CFO of Osisko Mining.Zaritsky has stepped down from the O3 board.North Gilb...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDHannes Meyer departs as CFO after 11 years of service but will remain with the company, First Quantum said.MacWilliam has been with the company since 2019, leading business development and investor relations.Nor...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSORED In what looks like a "third-time lucky" tax attack by the Australian Government the latest proposal surfaced yesterday in a speech by a senior academic at an economic summit in Canberra.Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDMarathon Gold on September 1 updated its initial capex estimate for Valentine to C$470 million to C$490 million, a 57% increase from its previous estimate of C$305 million contained in an April, 2021Read More
SailingStone's rejection could potentially lead to a higher offer if other minority shareholders also reject Rio Tinto's offer.Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSORED"No one is against the companies, but we are looking for distinct economic models.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 26 points in pre-opening trade. U.S. equity index futures moved higher following release of the August Employment Report at 8:30 AM EDT. Consensus for August non-farm Payrolls was a drop to 318,000 from revised 526,000 in July. Actual was 315,000. Consensus for August Unemployment Rate was unchanged from July at 3.5%....Read More
Details of how the federal government plans to spend its multi-billion dollar Critical Minerals Strategy will be announced sometime in the Fall, says Natural Resources Canada.The Strategy was announced in April as part of Budget 2022 and earmarks up to $3.8 billion over eight years starting in 2022-2023 to advance critical mineral exploration, development and supply chains.In an email to The North...Read More
Sailingstone Capital Partners, the fifth-biggest investor in Turquoise Hill Resources (TSX: TQR), is ready to put the brakes on Rio Tinto's (NYSE: RIO; LSE: RIO; ASX: RIO) intended US$3.3 billion takeover of the Canadian miner as it says the offer does not "adequately compensate" minority shareholders.Rio Tinto announced on Thursday it had reached an in-principle agreement with Turquoise Hill to...Read More
Nighthawk Gold (TSX: NHK; US-OTC: MIMZF) has released new drill results from three of the five Colomac Centre deposits at its Colomac project in the Northwest Territories, about 200 km north of Yellowknife.Colomac Centre contains the Grizzly Bear, Colomac Main, Goldcrest, 24 and 27 deposits. The project also has four higher grade satellite deposits: Kim, Cass, Damoti and Treasure Island.Highlights...Read More
Maverix Metals (TSX: MMX; NYSE-AM: MMX) is acquiring 22 royalties from Barrick Gold (TSX: ABX; NYSE: GOLD) including a 1% royalty on Skeena Resources' (TSX: SKE; NYSE: SKE) Eskay Creek gold-silver project in British Columbia for US$50 million in cash and a contingent consideration of up to US$10 million.The contingent payment will be broken down into three payments within six years of closing: US$...Read More
Australia's Lucapa Diamond (ASX: LOM) has recovered a 160-carat white Type IIa diamond at its prolific Lulo mine in Angola, the sixth-largest recovered at the operation to date.The diamond was found at the same alluvial mining block as the Lulo Rose, a 170-carat pink-coloured diamond believed to be the largest of its kind found in Angola in 300 years.Lucapa has a 40% stake in the Lulo mine, w...Read More
An international team of researchers has pinpointed a dramatic shift in the composition of rocks making up earth's continents that was driven by the primitive vegetation trapping mud on land, stopping it from washing down rivers and out into the sea.The discovery was made by linking the fossil record of plants with archives of environmental change, and with records of the chemical composition of t...Read More
New drill results from this Idaho project also showed there is at-surface mineralization of higher grades than the average of the current resource, noted a Desjardins report.Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB), through drilling at its Black Pine project, confirmed that one, the CD and Discovery zones are connected and, two, that gold mineralization, graded higher than the average grade of th...Read More
Low silver prices sure don't feel good, but they're hitting the Comex and the LBMA in London much harder than they're hitting the stackers...by Rafi Farber via Arcadia EconomicsLow silver prices sure don't feel good, but they're hitting the Comex and the LBMA in London much harder than they're hitting the stackers.As of this week, 100 MILLION ounces of silver have been drained from the Comex regis...Read More