Wall Street On Parade, Released on 10/27/22At Fed Chair Jerome Powell's press conference on September 21, he made a remark that went unchallenged by the bevy of reporters in attendance. Powell said this:Continue... Fed's Powell Calls U.S. Economy "Robust" as Personal Savings Rate Collapses to Same Level as in Financial Crisis of 2008 added by Herman James on 10/28/2022View all posts by Herman Jame...Read More
Gold Switzerland, Released on 10/28/22A Lehman squared moment is approaching with Swiss banks and UK pension funds under severe pressure.Continue... Egon von Greyerz: $2 Quadrillion Debt Precariously Resting On $2 Trillion Gold added by Herman James on 10/28/2022View all posts by Herman James ?+'Read More
RT, Released on 10/25/22Banks in Russia are facing a shortage of gold bars after demand for the Continue... Russian banks run low on gold amid surging demand added by Herman James on 10/28/2022View all posts by Herman James ?+'Read More
The results from the first two holes of a nine-hole drilling campaign at this company's Nevada flagship project have surpassed expectations.Junior explorer, Western Exploration Inc. (WEX:TSX.V;WEXPF:OTC) is reporting "very encouraging" assay results from the first two holes drilled at the Doby George deposit of its Aura gold project in northern Nevada, according to one investment manager.The compa...Read More
The approvals come just days after the US Treasury Department extended sanctions against the Nicaraguan General Directorate of Mines on 24 October in an attempt to isolate the country'sRead More
Identification of the preferred alternative by the USFS is a major milestone in the advancement of the project and provides clarity for the remainder of the Read More
The Federal Open Market Committee is expected to raise interest rates for a fourth consecutive meeting next week as its tackles 40-year high inflation.Read More
Cost inflation has been a major drag on the financial performance of miners since COVID-19 disrupted global supply changes.Read More
Yamana Gold reiterated its 2022 production guidance of 1 million gold equivalent ounces (GEO) and indicated all-in sustaining costs (AISC) costs would be at the upper end of its target of US$1,080/oz.Read More
Digital capital raising platform opens doors with over 100 ASX offers completedSPONSOREDblue horseshoe ventures pty limitedStudy points to more copper-gold potential for PolarX in AlaskaSPONSOREDpolarx limitedPurepoint Uranium Group Well Positioned to Make Next Athabasca DiscoverySPONSOREDpurepoint uraniumSheffield flashes a green light at ThunderbirdSPONSOREDsheffield resources limited"Following...Read More
With steady progress being made on the ground,company president and CEO Stephen Roman, CEO, Global Atomic Corp.Stephen Roman hopes to wrap up project financing shortly as his team vies to bring what is Africa's largest highest-grade uranium project online in a little over two years from now. Several pieces must fall into place in order for that to happen, but favourable uranium market co...Read More
François-Philippe Champagne, Minister of Innovation, Science and Industry, today issued additional direction with regard to the application of the Investment Canada Act in cases involvingRead More
Digital capital raising platform opens doors with over 100 ASX offers completedSPONSOREDblue horseshoe ventures pty limitedStudy points to more copper-gold potential for PolarX in AlaskaSPONSOREDpolarx limitedPurepoint Uranium Group Well Positioned to Make Next Athabasca DiscoverySPONSOREDpurepoint uraniumSheffield flashes a green light at ThunderbirdSPONSOREDsheffield resources limitedTypically a...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points in pre-opening trade.Index futures were virtually unchanged following releases of economic news at 8:30 AM EDT: September PCE Price Index, September Personal Income and September Personal Spending.Intel $INTC added $$1.17 to $27.44 after reporting higher than consensus quarterly earnings. Pinterest $PINS gai...Read More
We learn today that the gross domestic product increased 2.6% in the year's third quarter. Reports CNBC:The U.S. economy posted its first period of positive growth for 2022 in the third quarter, at least temporarily easing recession fears, the Bureau of Economic Analysis reported Thursday.GDP, a sum of all the goods and services produced from July through September, increased at a 2.6% annualized...Read More
ACG Acquisition (LSE: ACG), a new company founded by a mining executive who helped create aluminum giant Rusal, says it plans to buy a critical minerals producer valued at several hundred million dollars as soon as possible.The new asset will form the core of ACG, a special purpose acquisition company, or "spac", chief executive officer Artem Volynets said in an interview. "Our intention is to ac...Read More
The federal government immediately plans to significantly tighten the approval process for major transactions by foreign state-owned enterprises (SOEs) in Canada's critical minerals sectors.In a joint news release issued Friday, Fran??ois-Philippe Champagne, Minister of Innovation, Science and Industry, and Natural Resources Minister Jonathan Wilkinson said that under the updated guidelines for ho...Read More
Nicaragua authorities have granted critical environmental permits to Calibre Mining (TSX: CXB; OTC: CXBMF), greenlighting the open pit and underground mine developments at its Eastern Borosi gold project (EBP).Calibre is advancing the development of the high-grade EBP deposits, which are scheduled to be in production by next year, feeding into the company's Libertad processing facility."Approval o...Read More
Argonaut Gold (TSX: AR) has closed the sale of a 2% net smelter return royalty on its Magino project and surrounding land package in Ontario to Franco-Nevada (TSX: FNV) for US$52.5 million and a US$10 million equity private placement. Argonaut issued 34.69 million common shares to Franco-Nevada at a price of $0.3931 per share.In addition, the company has closed its previously announced US$250 mill...Read More
Teck Resources (TSX: TECK.A | TECK.B; NYSE: TECK) has once again raised its construction cost estimate for the Quebrada Blanca phase 2 (QB2) copper project in Chile by at least US$500 million.Canada's largest diversified miner now expects QB2 to cost between US$7.4 billion and US$7.75 billion, up from a July 2022 guidance of US$6.9 billion to US$7 billion, and an earlier estimate of US$4.7 billion...Read More