Botswana is reportedly ready to give Zimbabwe a loan of $600 million to develop and support its diamond industry. The report on the loan was initially published by the Herald, the state-owned new paper and online daily, but apparently has since been removed. Reuters reported that Zimbabwe's President Emmerson Mnangagwa and Botswana's President Mokgweetsi Masisi are expected to sign the loan agree...Read More
Endomines' golden opportunities to growSPONSOREDendomines"This number responds to the downward trend since 2014, since when the majority of projects have been suspended. [It is] a challenge to reverse this condition," said executive vice president Manuel José Fernández.The 2018 study shows a slight increase in the number of projects compared with the 294 recorded in 2017. Copper...Read More
Eastern promise for PolarXSPONSOREDpolarxIn a note dated yesterday, the bank said underlying demand remained sluggish and it had been "surprised by the strength in copper prices", which have averaged more than $6,000 per tonne to date this quarter."As a result, we mark to market our Q1 price forecast [from $5,800/t] to $6,120/t but warn that a change in sentiment could bring copper prices down abr...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade.The Canadian Dollar was virtually unchanged at 76.08 cents U.S. following release of the January Consumer Price Index. Consensus was an increase of 0.2% versus a drop of 0.1% in December. Actual was an increase of 0.1%. On a year-over-year basis, consensus for the January Consumer Price I...Read More
The official rate of unemployment in the U.S. plunged to a remarkably low 3.7% last year. The Federal Reserve forecasts that the unemployment rate will reach 3.5% by the end of this year.However the official rate hides some troubling realities: 1 out of 4 college grads is overqualified for their jobs, there are more contract workers than ever with no job security, and an army of part-time workers...Read More
“I’ll never do THAT again!”My 6-year-old Caleb is good for about one funny quote a day. If you’ve ever watched the TV show Kids Say the Darndest Things, you know exactly what I’m talking about.After attempting to slide down the banister and breaking both bones in his forearm, Caleb was quick to promise he’d never do something dangerous like that again.But this w...Read More
During the Canadian Mining Hall of Fame's induction ceremony held in Toronto in January, master of ceremonies and Franco-Nevada chairman Pierre Lassonde shared a story of a fateful encounter he once had with Brian Meikle, the late Barrick Gold geologist. Meikle was one of the five inductees of the evening, in part for his role in discovering Barrick's company-making Goldstrike gold deposit in Neva...Read More
Months after acquiring the world's first pure cobalt stream for US$300 million on Vale's Voisey's Bay nickel-copper-cobalt mine in Labrador, Cobalt 27 Capital Corp. (TSXV: KBLT; US-OTC: CBLLF) is adding substantially to its portfolio of battery metal assets.In January 2019, the company struck a deal to acquire Australian explorer, developer and miner Highlands Pacific Limited. Highlands' key asset...Read More
Nicholas Mather, president and CEO of Australian junior SolGold, is The Northern Miner's Mining Person of the Year for 2018 in recognition of his role as the driving force behind the wildly successful grassroots team that has drilled off the world-class Alpala gold-copper deposit at its Cascabel project in Imbabura province in northern Ecuador, with potentially many more discoveries to come in the...Read More
QMC Quantum Minerals (TSXV: QMC; US-OTC: QMCQF) has visually identified spodumene in the first diamond holes it has drilled into its Irgon lithium project in the Cat Lake-Winnipeg River rare-element pegmatite field in southeast Manitoba.The company is currently amid phase one of a two phase drill program at Irgon designed to confirm and expand the project's historical resource that Lithium Corpora...Read More
Mining three satellite deposits that outcrop within one to three kilometres of the Madsen mill at its Madsen project in Red Lake, Ont., would add roughly $51 million in after-tax net present value to the Madsen project, Pure Gold Mining (TSXV: PGM) reports.A preliminary economic assessment released today of the three satellite deposits - Fork, Russet South and Wedge - is based on their combined re...Read More
Bezant buzz builds around big projectsSPONSOREDbezant resourcesWhite Gold Corp a major force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithium"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftI am happy to admit that I voted for Brexit, but I a...Read More
The recent pullback on gold prices from the 2019 high of $1,345 an ounce is of no concern to Frank Holmes, CEO of U.S. Global Investors."Who cares," Holmes said to Kitco News on the sidelines of the BMO Global Metals & Mining Conference. "It's a buying opportunity. Buy on the pullbacks. What's happening with gold will take three years for people to wake up." _______________________________________...Read More
??"? The Peter Schiff Show Podcast - Episode 448RATE AND REVIEW this podcast on Facebook.https://www.facebook.com/PeterSchiff/...Jerome Powell Wades into the Deficit Debate - This year Fed chairman Jerome Powell made his obligatory visit to Capital Hill, where he spoke to Senators and Representatives about monetary policy. Of course, this really just amounts to a press conference for Democrats a...Read More
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Jay introduces the guests and sponsors for the day's program and Michael Oliver provides his usual prescient commentary on gold and future outlook.Read More
Feb 28, 2019 Guest(s): Lon Shaver Vice President, Silvercorp Metals Silvercorp Metals, one of the largest primary silver producers in China, has found a successful strategy in mining for lead, silver, and zinc concentrates, which would then be shipped to a domestic smelter for processing. On demand for silver, most of the consumption is still from industry, said Lon Shaver, vice president of Sil...Read More
Feb 28, 2019 Guest(s): Adrian Day The Federal Reserve's monetary policies are still the most important drivers of gold prices, this according to Adrian Day, CEO of Adrian Day Asset Management. "To me, one of the most important things, frankly, is the way the Federal Reserve has acted recently. When they saw the stock market volatility at the end of the last quarter, they blinked, and 'blink' is...Read More
Feb 28, 2019 Guest(s): Clive Johnson President & CEO, B2Gold It could potentially be "dangerous" to rely on higher gold prices to be profitable as a miner, said Clive Johnson, CEO of B2Gold. "I've never been a gold bug, I've never believed that gold has to go higher, because I think that as a CEO of a gold mining company that would be a dangerous thing, because you could potentially do a deal th...Read More