Aerial view of the plant at Aurizona Gold Mine in Brazil (foreground) and Piaba Pit (background). (Image courtesy of Equinox Gold.) In the second quarter, producer Equinox Gold generated a total of 127,016 oz. at all-in sustaining costs of $900 per oz. sold, from six mines in the Americas.Despite the covid-19 pandemic, Equinox still recorded its highest quarterly gold production in the quarter....Read More
Destruction caused by spilled tailings from the C??rrego do Feij??o iron ore mine in January 2019. (Image courtesy of Felipe Werneck | Ibama.) The Fire Brigade of Minas Gerais announced it will resume on August 27th the search for still missing bodies of 11 victims of the dam collapse in Brumadinho last year, which killed 270 people. Work was halted on March 21 due to pandemic protocols. The res...Read More
Pit operations at SSR Mining's Marigold gold mine in Nevada. Image from SSR Mining. A total of $8.86 billion worth of M&A deals were struck in the metals and mining industry globally during the second quarter of 2020, according to the latest report from GlobalData.This value represents an increase of 29.1% over the previous quarter and a decline of 14.4% when compared with the last four-quarter a...Read More
Clayton Valley project. Credit: Cypress Development Corp. Cypress Development (TSXV: CYP) on Tuesday released an updated mineral resource estimate for its Clayton Valley lithium project in Nevada, showing an approximate 55% increase in total resources over the estimates found in the May 2020 prefeasibility study (PFS).Measured resources increased to 574.1 million tonnes, averaging 1,081 ppm Li or...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comAug 11, 2020 Gold is at a point where most of the horrific Corona crisis news is priced in, the US economy continues to strengthen, and not enough government handout money has been spent by Main Street to create inflation. As I’ve been saying for several days, gold is likely to ente...Read More
It was worth $28.72/oz at the time of writing, while gold was about $2,014/oz.Russia-focused silver miner Silver Bear Resources (TSX: SBR) was among the metals and mining stocks on the rise in Toronto, gaining 15%.Meanwhile US-China tensions continue and the number of COVID-19 cases globally has just passed 20 million.Elsewhere, copper gained about 1.4% on the London Metal Exchange and aluminium w...Read More
Lucara's Q2 revenue of US$7.5 million came via the sale of stones smaller than 10.8 carats. The company decided in March not to tender any diamonds in excess of that size, instead agreeing to sell Read More
Irving Resources, the beneficiary of strategic investments from Newmont and Sumitomo, has been acquiring and exploring projects in Japan. While Japan doesn't automatically pop to the top of the list of gold mining hotbeds, it has a long and storied history with mining, dating as far back as the 700s, and since 1601 more than 20 million ounces of gold have been produced in the country.Irving Reso...Read More
Quinton Hennigh, CEO of NOVO Resources, sits down with Maurice Jackson of Proven and Probable to discuss how the company's latest acquisition puts it on the fast track to production. Maurice Jackson: Joining us for a conversation is the chairman and president of Novo Resources Corp. (NVO:TSX.V; NSRPF:OTCQX), Dr. Quinton Hennigh. What a delight to have you back on the program today as Novo Resourc...Read More
StrikePoint Gold's focus with this work is on high-grade targets. In a news release, StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCMKTS) announced it commenced a minimum 2,000 meter diamond drill program at its Willoughby gold property in British Columbia's Golden Triangle. The work, to be carried out by Morecore Drilling, will test high grade targets as well as broad intervals of gold mineralizatio...Read More
Aben Resources is proceeding with pad building at its Forrest Kerr Project in northwestern British Columbia and expects its drill program to be fully operational within a week. Aben's Forrest Kerr Gold ProjectIn a news release, Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) announced that "its 2020 field season is proceeding well and will be moving into the next phase which will include Pad buildin...Read More
Sector expert Michael Ballanger runs the numbers on current and future values of gold and silver given current economic conditions. Stuart Monk/Shutterstock.com"I'd rather be a gold bug then a paper worm." AnonymousIn late 2019, as I was laying out the framework for the 2020 GGMA Forecast Issue, there was only one four-letter word that kept cropping up and that word was D-E-B-T (actually there w...Read More
The term ‘unprecedented’ has been used to explain 2020 throughout the world. Whether it be the simultaneous triple bubble that is currently being experienced within equity, bond, and real estate markets, or the volume of quantitative easing deployed by central banks in order to combat Covid-19, 2020 has been an unprecedented year thus far to say the least. Safety and stability of capit...Read More
Tonight I would like to go over some PM charts looking for a possible place for our current impulse move to find some strong resistance that could lead to the next consolidation phase. It’s not going to be easy as there are several possibilities that could work. Lets put the Chartology to work and see what we come up with.There was something fairly rare last week that happened to gold which...Read More
Canadians, at least thosefortunate enough to enjoy a long weekend, returned to their desks Tuesdayto watch gold prices crack another milestone - $2,000 per ounce - as thespectacular summer rally for the precious metal continues. At time of writing, spotgold’s last bid was $2,019.20, marking a $42 gain since Monday’s tradingsession. Silver prices also experienced a major leg u...Read More
And, BAM! Just like that, silver sells for $29...by Keith Weiner of Monetary-MetalsAnd, *bam!* Just like that, silver sells for $29.It seems so simple, so obvious, so black-and-white. Seeing the price chart in recent weeks, you wouldn't know that silver speculators have been waiting for this moment since March, 2013 (when silver crossed the $29 line to the downside, and has not looked back until n...Read More
The helicopter sits idle, because politicians just can't bring themselves to dropping some crumbs on the proles until the hunger pangs really kick in...*****UPDATE 19:23 TUESDAY, AUGUST 11TH, 2020Check this out:If you have extra coins at home, please use them to make purchases- or deposit them at the bank or exchange them for cash. Help get coins moving! ???????,- Steven Mnuchin (@stevenmnuchin1)...Read More
RAPAPORT... The killing of George Floyd at the hands of police in May and the subsequent protests split US society in a way that few other events have. While companies in all sectors have increasingly engaged in corporate activism in recent years, the latest debate over race has prompted countless brands to weigh in on the issue.Yet for jewelers, it's not so simple. They have seen how even th...Read More
RAPAPORT... Lucara Diamond Corp. reported a loss for the second quarter amid weaker demand and a planned halt on regular tenders of large stones from its Karowe mine.The company recorded a net loss of $13.9 million for the period ending June 30, compared with a profit of $700,000 during the same period the year before, the company said Monday. Revenue from the Botswana deposit plunged 82% yea...Read More
RAPAPORT... Consumers are showing strong interest in buying diamonds for their loved ones this holiday season, seeing a need to give something special following an uncertain year, according to a survey by De Beers.In the US, almost 60% of men said they planned to buy their significant other a diamond for the festive season, while nearly a third of women expressed an intention to purchase diam...Read More