U.S. equity index futures were lower this morning. S&P 500 futures were down 33 points in pre-opening trade. The Shanghai Composite Index dropped 84.72 to 3167.12 following more economic shutdowns triggered by spread of COVID 19 infections Shopify added $7.82 to US$611.00 after the company announced a 10 for 1 stock split.Twitter slipped $0.58 to $45.64 on news that Elon Must will not join its...Read More
Resource-rich Western Australia has been picked the most attractive region for mining investment in 2021, replacing the U.S. state of Nevada, which fell to the third place in the latest annual survey of mining companies released by the Fraser Institute.Canada's Saskatchewan continues to be on the podium, climbing from a third place overall in 2020 to a second position in the 2021 index, which take...Read More
Sigma Lithium (NASDAQ: SGML, TSXV: SGML) has released an updated Phase 1 feasibility study for its wholly-owned Grota do Cirilo project in Minas Gerais, Brazil, host to the the largest lithium hard rock deposit in the Americas.The Phase 1 study reveals an after-tax net present value of US$1.6 billion, potentially increasing to US$1.9 billion, with an internal rate of return of 424%. The study assu...Read More
The Dow Jones Industrial Average fell 200.76 points or 0.57% to 34,721.12 and the S&P 500 fell 94.36 points or 2.1% over the week to 4,488.28. Shares of Gatos Silver rose 6.3% to US$4.72 as the company released "record silver production" figures from its 70%-owned Cerro Los Gatos mine in Mexico for the first quarter of 2022. Gatos also announced the appointment of Dale Andres, the company's curr...Read More
Over the Apr. 4-8 trading period, the S&P/TSX Composite Index fell 211.25 points or 0.96% to 21,874.35. The S&P/TSX Global Mining Index increased 0.6 points or 0.46% to 129.58 and the S&P/TSX Global Base Metals Index fell 9.25 points or 4.1% to 221.74. The S&P/TSX Global Gold Index rose 8.03 points or 2.2% to 363.36 and spot gold ended the week US$11.1 per oz. higher, or 0.57%, at US$1,941.40 per...Read More
The S&P/TSX Venture Composite Index advanced 22.21 points or 2.6% over the Apr. 4-8 trading session to end at 888.21. The week's most actively traded stock was Pure Gold Mining, which declined 12 ? or 31.9% to end at 25 ?, with 24.9 million shares changing hands. In late March, the junior reported that it would need to raise $50 million within the next six months to continue operating its PureGol...Read More
During a recent press conference, Mexican president Andr?(C)s Manuel L??pez Obrador warned that if Congress does not approve a constitutional reform on electrical matters, following a decision by the Supreme Court of Justice that granted constitutional validity to the new Law on Electrical Power, he will push for a rewrite of the country's Mining Law."In the event that the MPs that represent veste...Read More
A little more than nine months following its initial public offering (IPO), U.S.-focused junior Bradda Head Lithium (AIM: BHL, US-OTCQB: BHLIF) shares continue to fly high following the 65% resource growth at its Basin East lithium project in Arizona.With rising lithium prices, Bradda Head shares trading in London have tripled in value and continues to trade at a relatively high level on heightene...Read More
TSX-listed Thor Explorations' operations at the Segilola gold mine, in Nigeria, performed in line with forecasts for the first quarter of this year and remains on track to meet full-year guidance of between 80 000 oz and 100 000 oz. A throughput of 221 920 t with an average head grade of 3.18 g/t gold, and an overall recovery rate of 94.1%, resulted in gold production of 21 343 oz for the quar...Read More
By Jaime Llinares Taboada Caracal Gold PLC said Monday that its pilot processing plant at the Kilimapesa mine in Kenya has achieved first gold production...Read full newsRead More
Pure Gold Mining (OTCMKTS:LRTNF - Get Rating) had its price objective reduced by Desjardins from C$1.20 to C$0.70 in a research report report published on Friday morning, The Fly reports. Other research analysts have also issued research reports about the company. Stifel Nicolaus raised Pure Gold Mining from a hold rating to a buy rating [...]Read full newsRead More
Pure Gold Mining (OTCMKTS:LRTNF - Get Rating) had its target price cut by Desjardins from C$1.20 to C$0.70 in a research report sent to investors on Friday morning, The Fly reports. A number of other analysts have also weighed in on the stock. Stifel Europe lowered their price objective on shares of Pure Gold Mining [...]Read full newsRead More
Vancouver, British Columbia--(Newsfile Corp. - April 11, 2022) - Thor Explorations Ltd. (TSXV: THX) (AIM: THX) (Read full newsRead More
WHITEHORSE, Yukon, April 07, 2022 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX-VGCX) ("Victoria" or the "Company") produced 24,358 ounces of gold during the first quarter of 2022. Mr. John McConnell, President and CEO commented, "During the first quarter, we successfully completed a six-week winter maintenance program and resumed stacking ore on the heap leach pad. As we head into spring, stacking...Read More
VANCOUVER, British Columbia, April 06, 2022 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE | FRANKFURT:1A9 | U.S.OTC:ASGOF) ("Asante" or the "Company") is pleased to announce that it has entered into an Exclusivity Agreement with Kinross Gold Corporation to negotiate the potential purchase of all of their interests in Ghana ("Kinross Ghana"), including its 90% interest in the Chirano Gold Mi...Read More
To the Editor: Modern open pit gold mining of low grade ore is one of the most polluting mining activities there is. Recent studies have documented that more than 70 to 90% of major gold mines that are near underground or surface water cause contamination of that water. Many open pit gold mines excavate 8 [...]Read full newsRead More
WHITEHORSE, Yukon, April 07, 2022 (GLOBE NEWSWIRE) -- Victoria Gold Corp. (TSX-VGCX) ("Victoria" or the "Company") produced 24,358 ounces of gold during the first quarter of 2022. Mr. John McConnell, President and CEO commented, "During the first quarter, we successfully completed a six-week winter maintenance program and resumed stacking ore on the heap leach pad. As we head into spring, stacking...Read More
Harmony Gold Mining Company Limited (NYSE:HMY - Get Rating)'s share price traded up 1.5% on Wednesday . The company traded as high as $4.74 and last traded at $4.74. 52,859 shares were traded during trading, a decline of 99% from the average session volume of 8,999,868 shares. The stock had previously closed at $4.67. A [...]Read full newsRead More
Kestra Advisory Services LLC purchased a new stake in Harmony Gold Mining Company Limited (NYSE:HMY - Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,562 shares of the mining company's stock, valued at approximately $48,000. A number of other large [...]Read full newsRead More
VANCOUVER, British Columbia, April 06, 2022 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE | FRANKFURT:1A9 | U.S.OTC:ASGOF) ("Asante" or the "Company") is pleased to announce that it has entered into an Exclusivity Agreement with Kinross Gold Corporation to negotiate the potential purchase of all of their interests in Ghana ("Kinross Ghana"), including its 90% interest in the Chirano Gold Mi...Read More