Copper Mountain Mining (TSX: CMMC) became the latest company to adjust its plans due to collapsing equity markets and near-term copper price uncertainty as a result of the rapidly spreading coronavirus (Covid-19).The Vancouver-based miner has revised its mine plan and schedule for its flagship asset, the Copper Mountain project in British Columbia, deferring a US$22 million capital spend by delayi...Read More
The S&P/TSX Venture Composite Index rose 1.80% to 506.54 and gold finished the week at US$1,673.10 per oz., a rise of US$87.60 per oz. from the previous week.Shares of Aurania Resources rose by $0.49 to $3.44 per share. The company recently closed the second tranche of an $8 million non-brokered private placement announced in February, with proceeds of $4.16 million. Combined with the first tranch...Read More
The Dow Jones Industrial Average rose 1.79% to 25,864.78 and the S&P 500 advanced 0.61% to 2,972.37. Spot gold surged US$87.60 per oz. or 5.53% to US$1,673.10 per oz.Fortuna Silver Mines updated shareholders on the status of legal proceedings related to a disputed royalty on one of its mining concessions at the San Jose mine in Oaxaca, Mexico. On Mar. 2, the District Court in Mexico City granted a...Read More
The S&P/TSX Composite Index fell 0.54% to 16,175.02. The S&P/TSX Global Mining Index rose 3.84% to 74.17, while the S&P/TSX Global Base Metals Index fell 4.94% to 81.10. Spot gold jumped US$87.60 per oz. or 5.53% to finish the trading week at US$1,673.10 per oz., sending the S&P/TSX Global Gold Index up 11.92% to 240.63.Shares of Balmoral Resources jumped 55% to 48 ? on news that it is being acqui...Read More
Saudi Arabia said on Tuesday it would boost its oil supplies to a record high in...Read full newsRead More
Early studies indicate about 90% of contained lithium can be recovered using the filter system, compared to about 30% when producers use the existing process of pumping brines.Read full newsRead More
Gold has been one of the best performing commodities in over a year, with the global gold price rising from close to $1,300 per ounce in the beginning of 2019 to about $1,630 per ounce in February 2020. The rise in price in 2019 was led by rising trade tension between US-China...Read full newsRead More
Local geologists hope Black Hills test drilling reveals a major gold discovery and boosts their geology consulting business.Read full newsRead More
Gold has been one of the best performing commodities in over a year, with the global gold price rising from close to $1,300 per ounce in the beginning of 2019 to about $1,630 per ounce in February 2020. The rise in price in 2019 was led by rising trade tension between US-China...Read full newsRead More
Cannabis SolutionsRead full newsRead More
SINGAPORE - Copper prices rose on Tuesday, after hitting a three-year low in the previous session, on signs of improving demand in top consumer China as factories slowly come back online foll...Read full newsRead More
Methane can be captured from human and animal waste and energy and heatingRead full newsRead More
LaSalle Exploration Corp. (TSXV:LSX) is pleased to announce that field exploration is set to begin in March on the Blakelock Gold Property.Read full newsRead More
What a year it’s been for uncertainty. Tension in the Middle East flared up just as the trade war was ending. And then the coronavirus erupted no sooner than the threat of war had been nipped in the bud. The TSX Index was down 10% at the start of the week. It’s certainly a tough time to stay bullish.However, great TSX stocks are selling for a fraction of their worth. Contrarians facing...Read More
Publisher's Note: Today, Mr. James Dines, "The Original Goldbug," brings you news of a major trend in the gold market that has flown under the radar for many investors.Read on for an excerpt from The Dines Letter and to hear about China's major moves in the gold market.Call it like you see it,Nick Hodge"Problems are messages." -Shakti GawainChina has been continuing its farsighted worldwide quest...Read More
Rescuers in Brumardinho, Brazil, following the collapse of the dam at the Corrego do Feij??o iron ore mine. Photo by Diego Baravelli, Wikimedia Commons. After the disasters of Mariana and Brumadinho, Vale (NYSE: VALE) said on Wednesday that will install an audit committee to improve company's corporate governance.The committee will assist the Board of Directors in supervising the internal audit a...Read More
Image from Wikimedia Creative Commons. ABN AMRO released on Wednesday a report that questions gold's traditional role as a safe-haven asset and predicts lower gold and silver prices for the rest of the year. In its report, the Dutch bank said it sees gold prices averaging $1,523 an ounce this year, up from its previous forecast of $1,490 but down significantly from current prices. The bank's pr...Read More
Building a bull market. Shanghai construction. File image. Copper and iron ore prices have held up surprisingly well as markets in the West belatedly come to grips with the coronavirus pandemic and China shifts focus from containment to rebuilding its economy following more than two months of inactivity. On Wednesday BMO Capital Markets held a conference call with PRC Macro, a consulting firm fo...Read More
Training underground (Credit: Nokia).Nokia will deploy its private LTE digital automation platform at Norcat's underground centre in Sudbury, Ontario, to establish an underground global mining innovation centre. Nokia is collaborating with Norcat and Canada's Centre for Excellence in Next Generation Networks (CENGN) to deploy the network connectivity. Nokia's automation cloud will enable secur...Read More
1.The US government is taking Corona very seriously, but only as it relates to the stock market. 2. Instead of trying to save burning stock market investors from an ongoing sleigh ride into the financial abyss, the government needs to start mobilizing the nation's armed forces... for the biggest mass disinfectant program in the history of America.3. Trump is gambling (with millions of l...Read More