Wesdome Gold Mines (TSXV: WDO) has released drill results from underground definition drilling at its wholly owned Kiena mine complex, 15 km northwest of Val-d'Or and 100 km east of Rouyn-Noranda in Quebec.The 21-hole, 6,770-metre drill program, conducted between May and August, confirmed the overall continuity of the Kiena Deep A zone's geometry as well as high-grade gold mineralization. The dri...Read More
Drill results from the Central zone at Argonaut Gold's (TSX: AR) wholly owned past-producing Magino gold project in Ontario hit high-grade gold intervals, which suggest potential for a connection with the Elbow zone to the west.The company's most recent release includes assays for seven holes. These hit gold below, and next to, the proposed Magino pit shell. Drill highlights include 9 metres of 13...Read More
There has been distinctly mixed news for British miners during the first half of September.First the bad news: The University of Exeter announced that entry for mining-engineering programs at the famous Camborne School of Mines (CSM) has been "paused" while it "reshapes the opportunities for students".Founded in 1888, CSM said it must "explore a range of options to allow undergraduates to study mi...Read More
CIBC has raised its gold price forecasts to US$2,300 per oz. in 2021, US$2,200 per oz. in 2022, US$2,100 per oz. in 2023 and US$2,000 per oz. in 2024.This year the bank assumes that gold will average US$1,925 per oz. in the third quarter and US$2,000 per oz. in the fourth quarter for a full year average price of US$1,800 per ounce.Silver prices are estimated to run to US$32 per oz. in 2021, US$31...Read More
Three containers of copper from Turkey heading to a Chinese smelter have been discovered to have been filled with bricks upon arrival in Lianyungang port in China, sources have told Fastmarkets. The containers, that were supposed to be each transporting about 25 tonnes of 99% copper-content blister, were inspected by customs personnel last week, according to photographs seen by Fastmarkets. Two in...Read More
BHP (NYSE: BHP; LSE: BHP) has told Australian Aboriginal groups to freely speak their mind about the way it manages cultural heritage as the miner readies to appear before a federal inquiry following Rio Tinto's (NYSE: RIO; LSE: RIO) destruction of two 46,000-year-old sacred shelters.Both companies have been criticized for having gag clauses in land agreements preventing traditional owners from pu...Read More
The market for UG2 chrome ore ticked up in the week to September 15 on strengthening sentiment amid low liquidity, while both the domestic and imported ferro-chrome markets remained stable, sources said.Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China edged up by $1 per tonne to $138 per tonne week on week on Tuesday September 15."There has been a little flurry of a...Read More
Miner reveals first production now planned for 2021.Read full newsRead More
The Source for Market OpinionsRead full newsRead More
"We are the first major company that's set out to do this, and we aim to be the first to achieve it," says Google CEO Sundar Pichai.Read full newsRead More
A German bioenergy company's reboot would make ethanol and renewable natural gas, though questions remain about its life-cycle climate and environmental impacts.Read full newsRead More
Why we could be seeing a short-term opportunity to buy this UK share at a better price just before a recovery in earnings. The post Forget gold! I think UK shares like this one can help me make a million appeared first on The Motley Fool UK.Read full newsRead More
New Pacific is exploring and developing projects in Bolivia.Read full newsRead More
FireFox Gold Corp. is pleased to announce that it has added two nRead full newsRead More
The second stock market crash is inevitable. Billionaire investor George Soros, in his book Alchemy of Finance, talked about the two concepts of fallibility and reflexivity. He explained that market participants’ view of the world is incomplete and distorted (fallibility), which leads them to take inappropriate actions (reflexivity). These inappropriate actions help informed participants to...Read More
This year will be etched in the record books for multiple reasons. The COVID-19 pandemic has led to a massive spike in unemployment rates, a slump in global GDP, and falling interest rates, among other things. The markets responded in kind and slumped over 35% in just over a month earlier this year.However, the V-shaped recovery in the last few months has led experts to believe that the stock mark...Read More
The stock market is moving in stark contrast to the economy. Billionaire investor George Soros calls it the liquidity bubble formed by the free money coming from the fiscal stimulus package. This liquidity bubble is driving the stock valuations to new highs. Hence, billionaire investors like George Soros and Warren Buffett are not participating in this stock market bubble.The state of the economy...Read More
Earlier this summer, I’d discussed why Canadians should get in on stocks that were connected to the electric vehicle market. McKinsey, the top management consulting firm, recently discussed the slump for electric vehicle sales in the first quarter of 2020. Sales dropped 25% in Q1 2020, coming after a slower sales year in 2019. Still, this market is well positioned for attractive growth in th...Read More
The race for a COVID vaccine has been on for months. And honestly, it'd be disconcerting if we weren't so desperate.Vaccines typically take years to produce and study, but we've got pharmaceutical companies competing to whip one up like a Labor Day daiquiri. Cracks are already beginning to show. On Tuesday, clinical trials for the University of Oxford's COVID-19 vaccine have been put on hold by...Read More
Sep 17, 2020 Guest(s): Peter Hug Global Trading Director, Kitco Metals Gold and silver prices have been trading rangebound, but the price patterns suggest that the metals are currently consolidating and are ready to see the next move, said Peter Hug, global trading director of Kitco Metals. "The fact that people are not selling into a market that isn't as frenetic as it was a month or six weeks...Read More