Wesdome produced 123,843 ounces of gold, up 37% from the previous year. This includes 101,403 ounces at its Eagle River complex in Ontario, Canada.Read More
Base metals on the London Metal Exchange were up across the board on the morning of Friday March 11, albeit with nickel on the LME still suspended.On the Shanghai Futures Exchange most of the metals were stronger, although August nickel was down by 9.6%. On balance, the metals seem to be taking a timeout after all the recent gyrations.• US CPI rises 7.9% in February, compared with February 20...Read More
The fine relates to the mine reducing the level of the water from the surface by than 25cm and since 2005, exceeding the maximum acceptable decrease that vegetation in the area can withstand.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 45 points in pre-opening trade.The Canadian Dollar added 0.23 to US78.54 cents following release of Canada's February Employment Report at 8:30 AM EST. Consensus was a drop in the February Unemployment Rate to 6.2% from 6.5% in January. Actual was a drop to 5.5%. Consensus was an increase in February employment was an...Read More
Wyloo Metals has approved a $4.9 million drill program to explore the West Raglan project in northern Quebec's Nunavik region as part of its earn-in agreement with Orford Mining (TSXV: ORM). Wyloo, run by Australian billionaire Andrew Forest, aims to drill about 2,500 to 3,000 metres at West Raglan this year and will focus on the Frontier, Beverly and Boomerang zones. Last year Orford identif...Read More
MAG Silver (TSX: MAG; NYSE-A: MAG) is acquiring Canadian junior Gatling Exploration (TSXV: GTR) in an all-share deal.Gatling shareholders would receive 0.017 of a MAG common share for each Gatling share held, valuing Gatling at approximately $0.40 per share. The share consideration reflects a 49.1% premium relative to the company's closing price on the TSX Venture Exchange on March 10 and a 47.4...Read More
The New York-quoted equity of Wheaton Precious Metals Corp. (Nasdaq: WPM: TSX: WPM) fell on Friday after the company overnight reported lower earnings and revenue, missing analyst forecasts for the fourth quarter of 2021.Unphased by the equity performance, president and CEO Randy Smallwood tells MINING.COM in an interview, the company is generating strong free cash flow. WPM reported nearly $200 m...Read More
Guinea's ruling junta has ordered a full halt of Rio Tinto's (NYSE: RIO; LSE: RIO; ASX: RIO) vast Simandou iron ore project in the country's southeast, with interim president Mamady Doumbouya saying it is not clear how the mine will preserve national interests.The current government, which took power in a military coup in September, said in a statement that Doumbouya had not seen any progress in...Read More
Environmental, social and governance (ESG) reporting has become more important in the mining industry, especially as companies seek fresh capital for projects, and as investors start to scrutinize ESG disclosures. A Thought Leadership panel at The Northern Miner's Q1 2022 Global Mining Symposium in late February explored the issues. Moderator Ani Markova, co-founder of Onyen Corp., began the di...Read More
Harmony Gold Mining Company Limited (NYSE:HMY - Get Rating)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $5.23, but opened at $4.99. Harmony Gold Mining shares last traded at $4.93, with a volume of 142,523 shares changing hands. Several research firms recently weighed in on HMY. Investec [...]Read full newsRead More
For immediate release 11 March 2022 Serabi Gold plc("Serabi" or the "Company") Further high-grade intersections recorded from underground development of the Serra orebody at the Coringa Mine Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, is pleased to provide a development update on its wholly owned Coringa project in the Tapajos region of Para State...Read More
Barclays reissued their overweight rating on shares of Hochschild Mining (LON:HOC - Get Rating) in a report released on Monday, MarketBeat reports. Barclays currently has a GBX 155 ($2.03) price target on the stock. Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. reduced their target price on [...]Read full newsRead More
We spoke with James Sykes, who is CEO and Director of BASELODE Energy Corp. (TSXV: FIND, OTCQB: BSENF). BASELODE currently controls 100% of approximately 227,000 hectares for exploration in the Athabasca Basin area, northern Saskatchewan, Canada. The land package is free of any option agreements or underlying royalties. As part of the Company's Athabasca 2.0 exploration strategy, of looking outsid...Read More
Zeee Media, Released on 3/9/22Today we discussed the Russia/Ukraine situation, sanctions being imposed on Russia, how this is effectively a declaration of war and what the implications of these actions will have on the world economy. Martin says his computer is predicting a war cycle in 2022/2023, discussing the threat of China, and how quickly this could escalate to a world war. We also discuss h...Read More
Peak Prosperity, Released on 3/11/22Inflation is busting out. The 7.9% reading the US for a yearly rate of inflation is but a minimum bid on the true reality (which is certain to be much higher than what the US government reports). The various powers that be are busy pointing their fingers in every direction but the right one; at themselves. The true source of inflation is excessive money printing...Read More
Gold Silver (w/ Mike Maloney), Released on 3/11/22We've been told 'Russia is to blame!' for the recent price surges in pretty much everything...but is that the truth? What is really going on here? And what can you do to protect yourself and your family from inflation? Join Mike Maloney in today's video update. Download Mike's best-selling book for free here: https://pages.goldsilver.com/freebook T...Read More
Stansberry Research, Released on 3/11/22"We have a war between the East and the West with sanctions to punish Russia," says Willem Middelkoop, CDF founder and best-selling author. "The U.S. invested a lot of money to have this [Ukrainian] revolution in 2014, and Europe has the pain of this crisis," he tells our Daniela Cambone. Currently, "there is a lot at stake for the U.S.," in this conflict sa...Read More
George Gammon, Released on 3/11/22Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his...Read More
Liberty and Finance, Released on 3/11/22While gold has cooled off after a massive run, market trader Chris Vermeulen expects much higher prices in the coming months. $2700 is realistic within 12 months, he says. His target for silver in that timeframe is $40. 0:00 Intro1:25 Gold4:59 Silver7:38 Platinum8:36 Crude Oil11:03 Recession12:01 Nickel14:41 Stock market17:42 USD Index18:50 The Technical Tra...Read More
Wall St. For Main St., Released on 3/11/22Jason Burack of Wall St for Main St interviewed returning guest, oil and energy expert, Robert Rapier. Robert Rapier is a chemical engineer in the energy industry. Robert has 25 years of international engineering experience in the chemicals, oil and gas, and renewable energy industries, and holds several patents related to his work. He has worked in the ar...Read More