Hochschild Mining (LSE: HOC) has become the third major mining company to suspend its dividend due to the COVID-19 pandemic.The Peru-focused gold mining company's announcement follows Glencore's (LSE: GLEN) decision on March 31 to defer its decision on whether to proceed with the proposed cash distribution of US20 ? per share (about US$2.6 billion) in 2020, and Freeport McMoRan's (NYSE: FCX) annou...Read More
With Quebec Premier Fran??ois Legault's announcement on Monday declaring mining operations in the province an essential service, mines will be allowed to start back up on April 15, with additional health and safety precautions.In response, several miners have issued press releases announcing plans to restart their operations.The Canadian Malartic open pit gold mine, jointly owned by Agnico Eagle M...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesAustralia-based junior IronRidge Resources takes big picture approach in AfricaSPONSOREDironridge resources As humans, we are all subject to proximity bias, only paying attention to, or...Read More
Less than a month after National Bank Financial said it was terminating a $75 million bought-deal financing deal with SilverCrest Metals (TSX: SIL; NYSE-AM: SLV) due to the COVID-19 pandemic, the mining company announced it would raise the same amount of money and possibly more through a non-brokered private placement.SilverCrest announced on April 13 that it would issue 10 million common shares a...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesAustralia-based junior IronRidge Resources takes big picture approach in AfricaSPONSOREDironridge resources Rarely, if ever, has then been such a clear demarcation between what was and...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) has inked two earn-in agreements in as many days on projects in the Dominican Republic and Argentina.The gold major is earning a 70% stake in Precipitate Gold's (TSXV: PRG) Pueblo Grande project, adjacent to Barrick's Pueblo Viejo mine in the Dominican Republic, and is earning a 70% stake in Golden Minerals (TSX: AUMN; NYSE-AM: AUMN) El Quevar project in Argenti...Read More
This week's episode features veteran mining recruiter Erik Buckland, senior client manager at Lincoln Strategy International. Buckland describes how the mining industry has held up relatively well compared to the rest of the economy, with mining jobs still in high demand. He also explained how new protocols have been developed to enact social distancing on mine sites, and how there has been an inc...Read More
Fiore Gold (TSXV: F; US-OTC: FIOGF) has completed a preliminary economic assessment (PEA) for its Gold Rock project in Nevada and provided an updated mineral resource estimate and a base case assessment for developing the project as a satellite open-pit operation that will share significant infrastructure and management with the company's Pan mine, 12 km away.Gold Rock's indicated resources increa...Read More
Mining operations in the Philippines' Surigao del Norte province were first suspended on April 1.Read full newsRead More
The Coalition for Renewable Natural Gas is continuing its work to advocate for RNG development and its industry members despite the impacts of the COVID-19 pandemic, according to Director of Operations David Cox.Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
"@hullinsj The narrative has changed ---- but we're still being controlled by those who have been in charge for a real longtime.Could be for all the marbles this time."Read full newsRead More
Guyana Goldstrike (TSXV:GYA) has agreed to extend the deadline for the completion of an initial payment owing to the Company in connection with a gold forward purchase agreementRead full newsRead More
Gold prices reached their highest level in more than seven years on Tuesday due to growing concerns over the global economic slowdown as a result of the coronavirus pandemic. A wave of stimulus measures from central banks and governments lifted bullion’s appeal and, consequently, gold stocks value rose as well. The largest percentage gainer on the TSX was Torex Gold Resources, which jumped...Read More
It’s easy to imagine that everything lost value in the market turmoil of March. After all, the COVID-19 pandemic is a global shock that’s disrupted the economy in an unprecedented way. However, one segment of the market retained its value better than all else: gold and gold stocks. What I call gold stocks include any listed security with exposure to the market price of physical go...Read More
The COVID-19 pandemic in 2020 has brought some previously unknown pharmaceuticals firms to the limelight and propelled one small-cap to lead among the best-performing Canadian stocks so far this year.However, there has been a surge in gold prices, as investors took a flight to safe-haven assets. This has been a welcome blessing to well-placed gold producers. But returns on gold stocks are nowhere...Read More
According to the stock market, the crisis seems to be over. If that doesn’t worry you, I don’t know what will. I think there is a good chance we could be testing new highs soon, if not in Canada, then at least in the United States.The United States has stated that cases are slowing faster than expected. Stimulus packages from global governments are seen positive for their economies. Ma...Read More
Image from TAGE. Software company Wind River is collaborating with open-pit miningsolutions provider Beijing TAGE Idriver Technology (TAGE) on a cutting-edgesoftware platform for the development of next-generation autonomous miningvehicles.The mining industry is advancing to fullyautonomous vehicles and machinery in order to improve safety, increaseproductivity, and save costs. TAGE has developed...Read More
What will the world look like in a year? Five years? Ten years? It's a question that was hard to answer before, and all but impossible to fathom now. As the world continues adjusting to the worst public health crisis in decades, it faces a looming specter of economic upheaval that could be just as drastic. That's according to the World Trade Organization. This past week it warned that global...Read More
The Kibali gold mine in the DRC. (Image courtesy of Barrick Gold) Barrick has bought over 800,000 antibody testing kits to screen workers and the communities around its mines for covid-19, the Financial Times reported Wednesday. "We've got 300,000 kits on the way. We've got about 150,000 in the country already and another 400,000 that we have just finalized [buying]," Bristow told the Financi...Read More