Recent News

Gold markets quiet down after breaking $1700 level

April 10, 2020

Wednesday’s trading session saw gold markets quiet down after peeking through the $1700 level on Tuesday. By giving back gains the way the market has, the yellow metal ended up forming the shooting star during the Tuesday session which analysts see as a negative sign. The outlook for the market remains positive as investors continue to be attracted to the safety of gold. Furthermore, the cen...Read More

TSX inches higher, March 30-April 3: Agnico, Aura Minerals, Newmont, NovaGold

April 04, 2020 /

The S&P/TSX Composite Index rose 1.98%, or 250.56 points, to finish the trading week at 12,938.30. The S&P/TSX Global Mining Index rose 3.61% to 66.80, while the S&P/TSX Global Base Metals Index rose 0.78% to 63.72. Spot gold finished at US$1,621.00 per oz., for a weekly drop of US$7.00 per oz. drop, or 0.43%, and the S&P/TSX Global Gold Index climbed 4.80% to 253.90.Shares of Agnico Eagle Mines w...Read More

Gold extends gains amid coronavirus worries

April 03, 2020

Gold prices remained stable on Wednesday as investors sought safe-haven assets after fears of a economic downturn due to increasing lockdowns and other global restrctions to combat the coronavirus pandemic. As oil prices took a plunge due to on-going price wars between OPEN and non-OPEC members and port shutdowns that brought tankers and refineries to a halt, investors are turning to real assets...Read More

Philippines' #nickel mining hub to suspend operations due to coronavirus

March 31, 2020 /

Mining operations in the Philippines' southern province of Surigao del Norte, home to most of the country's nickel mines, will be suspended from April 1 as part of efforts to prevent the spread of the coronavirus, two mining companies said on Tuesday.Read full newsRead More

Recession fears loom on markets

April 02, 2020 /

Australia proved a bright spot among global markets yesterday, with the S&P/ASX 200 closing about 3.6% higher while other key indices fell.The S&P 500 closed 4.4% lower in New York and London's FTSE 100 lost 3.8%.Americans have been told they now have 30 days to "slow the spread".The country's manufacturing activity contracted less than expected in March, but disruptions caused by the pand...Read More

Gold Seeker Report: This Week in Mining Issue #6 -- Temporarily Suspended Mining Operations

March 29, 2020 /

Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended March-27, 2020$AEM $AGI $BTC $CXB.TO $CG.TO $EGO $EDV.TO $EQX $FSM $HL $IAG $HL $LUG.TO $MUX $OGC.TO $PAAS $SSRM Due to government mandated shutdowns of select businesses and in this case, mining, in response to the COVID-19 outbreak, there has been rather limited news flow except that related to temporarily suspending mining op...Read More

Gold's Gone Wild!

March 30, 2020 /

You better buy gold now before it's too late.Continue...Read More

JPMorgan Reaped $100 Million as China Squeezed Niche #Nickel Market

March 11, 2020 /

JPMorgan Reaped $100 Million as China Squeezed Niche Nickel MarketRead full newsRead More

Explorers reduce activity over coronavirus threat

March 18, 2020 /

With mining majors suspending expansion plans, ramping down operations and temporarily closing down head offices in response to Covid-19, development and exploration companies are also taking precautionary measures to prevent the potential spread of the virus. At this time, these measures do not appear to have a major impact on project timelines for two pre-production companies focused on Eastern...Read More

Global #nickel production to decline significantly in 2020 - Fitch Solutions

March 07, 2020 /

Research agency Fitch Solutions expects global nickel production to decrease significantly over the course of this year, as major producer Indonesia's nickel ore export ban comes into effect. The ban in Indonesia was announced in September 2019, bringing it forward to go into effect from January this year instead of January 2022.Read full newsRead More

Is Newmont-Goldcorp Set To Dominate The Gold Industry By 2025?

March 11, 2020 /

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

Barrick completes Massawa- Sabodala combination

March 04, 2020 /

The Massawa gold project (pictured) is 20 km away from Teranga's flagship Sabodala mine, in Senegal. (Image from archives via Randgold Resources.) Barrick Gold (NYSE:GOLD, TSX:ABX) has completed the recently announced transaction of combining its Massawa gold project in Senegal with Teranga Gold's (TSX:TGZ) Sabodala gold mine. Barrick and its Senegalese partner held a 90% interest in the Massawa...Read More

Newcrest closes $60m sale of Gosowong mine in Indonesia

March 04, 2020 /

Gosowong gold mine, Indonesia. Image by Newcrest. Newcrest (ASX: NCM) announced Wednesday the finalized sale of 100% of Newcrest Singapore Holdings Pte (NSH) to Indotan Halmahera Bangkit (Indotan) for A$90m, (about $60m) of which A$60m has already been received and the remaining A$30m is payable in 18 months. NSH owns 75% of PT Nusa Halmahera Minerals (PT NHM), which operates the Gosowong mine...Read More

PDAC attendance shrinks 10%, impacted by coronavirus

March 04, 2020 /

PDAC 2020 (Credit: PDAC) Attendance at the 88th Prospectors & Developers Association of Canada (PDAC) 2020 Convention totaled 23,144, 10,4% less than in 2019, as the conference was impacted by the coronavirus outbreak.In 2019, PDAC hosted 25,843 attendees. The annual PDAC Convention in Toronto is the world's premier industry event, bringing together investors, analysts, mining executives, geologi...Read More

Teck decision to cancel Frontier rattles investor confidence, critics say

February 26, 2020 /

The decision by Teck Resources (TSX: TECK.B; NYSE: TCK) to withdraw its $20 billion Frontier project from the regulatory review process will further reduce investor confidence in Canada's oil and gas industry, says an industry analyst."Our conversations with institutional investors had begun to put 'regulatory hurdles' lower on the list of concerns when looking at the Canadian energy sector," said...Read More

Rio Tinto to spend US$1B to reach zero emissions

February 26, 2020 /

Rio Tinto (NYSE: RIO; LSE: RIO) will spend $1 billion over the next five years to reduce its carbon footprint and have net zero greenhouse gas emissions by 2050, but some analysts say the announcement is a minor step towards helping the mining industry achieve climate goals.Delivering full-year results for 2019, in which the company recorded its highest profit in eight years, CEO Jean-Sbastien Jac...Read More

Rio Tinto to start producing copper at Winu in 2023

February 27, 2020 /

Rio Tinto (NYSE: RIO; LSE: RIO) plans to ramp up development of its Winu copper-gold project in Western Australia, with first production expected in 2023.The world's No. 2 miner continues drilling and geophysical testing at the asset, which could be its next major copper project, and is progressing discussions with land owners to keep moving forward.Chief executive officer Jean-Sbastien Jacques sa...Read More

Jordan Roy-Byrne: Massive Reversal in Precious Metals but Fundamentals Improving

March 01, 2020 /

To underscore the volatility of this past week, consider the price action in Silver. Silver, days ago, had a chance to make its highest monthly Continue...Read More

David Hottman, CEO of Orestone Mining Presents the Resguardo Project and Upcoming Financing

February 21, 2020 /

At the second Resource Maven Financing Opportunities conference on February 13, 2020, CEO David Hottman of Orestone Mining presents the tight share structure and an exciting upcoming financing opportunity. -------------------------------------------------------------------------------------------------------------------------- About the conference: At the start of a new gold bull market, experienc...Read More

Indonesia expects delay to $11 bln #nickel projects due to coronavirus outbreak -minister | Article [AMP] | Reuters

February 25, 2020 /

Indonesia's coordinating minister overseeing maritime resources and investm...Read full newsRead More