Toronto-based QMX Gold Corp. has released high grade results from its ongoing drilling program at the Val d'Or East zone near Val d'Or. Half of the planned 26 holes have been completed at the Bonnefond target with the best assays reaching 39.5 and 31.5 g/t gold.Core from work at the tonalitic plug returned 31.55 g/t gold over 1.6 metre within an intersection of 3.31 g/t over 26.8 metres within a...Read More
The world's largest miner, BHP, (ASX:BHP) is considering whether to appeal an Australian Federal Court's decision related to income derived from its Singapore-based marketing unit, which has left the company with an A$82 million ($59m) tax bill.In November, BHP won the case with the Australian Taxation Office (ATO) in an administrative court, but the Federal Court heard an appeal from the tax aut...Read More
Germany's TUEV SUED on Tuesday said two of its employees have been arrested in Brazil as authorities begin a criminal investigation in the wake of a devastating dam rupture in Brazil which has left over 300 people dead.Prosecutors in Brazil arrested three employees of Brazilian miner Vale SA and two contractors tasked with attesting to the safety of the Corrego do Feijao dam. TUEV SUED confirmed i...Read More
Mongolia is working with overseas investigators to look into claims of corruption at its giant Oyu Tolgoi copper mine, the country's anti-graft body said on Tuesday, after the re-arrest of a former minister suspected of "abuse of power".Bayartsogt Sangajav was first arrested last April and released in June in a probe into 2009 negotiations over the development of the mine, then owned by Canada's I...Read More
Vedanta Ltd.'s Zambian unit will press ahead with expansion plans even as the government of Africa's second-biggest copper producer increased mining royalties, and has undertaken not to fire any workers."Our actions are designed to sustain and create jobs, grow the economy, and contribute more to the treasury."The assurance by Konkola Copper Mines Plc, following a meeting between management and go...Read More
Montreal's Yorbeau Resources has resumed diamond drilling at its Scott copper-zinc property between the towns of Chibougamau and Chapais. The goal is to identify an extension of the deposit west of the Gwillim fault.A preliminary economic assessment was made in 2017 for the Scott project that planned on mining 12 million tonnes at grades of 4.14% zinc, 0.81% copper, 27 g/t silver and 0.24 g/t go...Read More
The magnificent gold price rally has paused in the $1300 area for the past few weeks. Monday was COMEX option expiry day.With that now out of the way, gold is already staging more upside action!Please click here now. Double-click to enlarge this daily gold chart. A bullish upside channel breakout is in play and the consolidation was a flag-like pattern.Also, note my key 14,7,7 series Stochastics o...Read More
A partnership of First Nations, exploration companies and provincial government representatives is working well, as the three groups work collaboratively to progress mineral exploration and mining in northwest British Columbia.That was the message behind a panel discussion Tuesday at Roundup 2019, inside the Pan Pacific Hotel in Vancouver.The four-day annual event is a chance for mineral explorers...Read More
Publisher's Note: Today we're bringing you an answer to a question we're seeing a whole lot of these days.Mr. James Dines is a legend and he's been proving it more than ever with his market analysis over the last couple years. Here is the latest from him through an excerpt from The Dines Letter.If there is anyone to listen to right now, this is the man.To your wealth,Nick HodgePublisher, Outside...Read More
Goldman Sach's head of commodities research Jeff Currie does not expect an early recovery in long-cycle investment and therefore prices of industrial metals due to a structural decline in demand from China, but he is very bullish on the gold price.Speaking on Bloomberg Surveillance, Currie says gold will benefit from strong central bank buying and the wealth effect in India and China due to streng...Read More
Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) has announced additional drill results from the Cangrejos project in Ecuador, as well as initial drilling of the Gran Bestia exploration target to the northwest of the resource. "The addition of Gran Bestia to Cangrejos is significant and could substantially increase the scale of the current inferred mineral resource estimate of 8.5 million ounces of...Read More
Toronto-based First Cobalt Corp. reports on the feedstock testing at its cobalt refinery in the town of Cobalt. Tests have assessed the suitability of cobalt hydroxide as a feedstock, and the results are promising.The company says the refinery successfully leached 98% of the metal from the cobalt hydroxide with head grades in excess of 20% cobalt. Solvent extraction was then used to remove additi...Read More
Fission Uranium of Kelowna, B.C., is advancing the Triple R deposit at its Patterson Lake South property to the feasibility stage. 28 geotechnical holes are to be drilled as part of the resource development phase of work, which is set to begin the first week of February.Fission laid out its program: 13 holes will be drilled in the Ring Dyke and Cuff-Off wall. Three holes will examine rock mechani...Read More
The magnificent gold price rally has paused in the $1300 area for the past few weeks. Monday was COMEX option expiry day.With that now out of the way, gold is already staging more upside action!Please click here now. Double-click to enlarge this daily gold chart. A bullish upside channel breakout is in play and the consolidation was a flag-like pattern.Also, note my key 14,7,7 series Stochastics o...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose sharply Wednesday, getting a boost from earnings from Apple Inc. (AAPL) and Boeing Co. (BA) .Apple guided to a relatively strong fiscal second quarter after beating reduced earnings and revenue estimates in its first quarter. The stock rose 6.83%.Boeing soared 6.25% after the aerospace giant...Read More
Bannerman Resources Ltd (ASX:BMN) (OTCMKTS:BNNLF) expects RC drilling results back from a campaign near its proposed Etango uranium processing plant in Namibia this quarter as the company continues to progress an update to the definitive feasibility study for its flagship project.The company that regularly has its share price track with the uranium price, posted its quarterly reports to market tod...Read More
Nickel closed higher on the London Metal Exchange on Wednesday January 30 after peaking at an intraday high of $12,455 per tonne, its highest since October. Low stocks and robust demand from stainless steel and nickel pig iron (NPI) production, predominantly in China and Indonesia, are underpinning the upward trend in the three-month price, which is now more 15% higher than its 2018 low of $10,500...Read More
Nickel premiums in all regions assessed by Fastmarkets were stable week on week on Tuesday January 29 in quiet trading conditions relating to macroeconomic uncertainty as well as market participants retreating for Lunar New Year. All European premiums remain unchanged in an illiquid market US cut-cathodes outperform briquettes amid slow trade Shanghai sees no change for six weeks, pre...Read More
The European tin premium dropped by $35 on the midpoint in the week ended Tuesday January 29 following a 1,000 tonne delivery to London Metal Exchange sheds, while other regional premiums were unchanged week on week in quiet markets. Premium for standard grade tin ingot, in-warehouse Rotterdam, falls 7.4% Adequate supply keeps US premiums unchanged Shanghai premium flat in quiet, pre-...Read More
The mis-pricing of money and credit has also driven a terrible misallocation of capital and kept unproductive zombie debtors alive for too long. Saxo Bank, "Beware The Global Policy Panic""Mis-pricing of money and credit" refers to the ability of the Fed to control interest rates and money supply. Humans with character flaws and conflicting motivations performing a role that is best left to a fr...Read More