Recent News

Russian Republic Unearths its Biggest Ever Natural Color Diamond

August 10, 2020 / www.idexonline.com

(IDEX Online) -  The vast republic of Yakutia, in Russia, has yielded its largest ever natural color diamond, a 236-ct rough intense yellow-brown stone.It was found at the Ebelyakh alluvial diamond deposit, operated by a subsidiary of the state miner Alorosa, on the Anabar River.The diamond (pictured) is 47 x 24 x 22 mm and it is estimated to be 120-230 million years old. "Such a large n...Read More

Move to reduce carbon footprint

August 10, 2020 / www.mining-journal.com

Artemis all set thanks to unique approachSPONSOREDartemis resourcesAES Gener said its agreement with the mines had been modified for power supply from its Angamos plant to end in August 2021. Escondida will have to pay $730.Read More

Dip buying boosts copper but other metals more wary - broader markets mixed

August 10, 2020 / www.metalbulletinresearch.com

Markets are looking mixed this morning on Monday August 10, while traders weigh up the cross winds blowing through the markets, Fastmarkets learned.United States President Donald Trump’s intervention to step in to extend unemployment benefit after Congress failed to come up with a rescue package has provided some support, but his executive orders focused on Chinese tech companies only go furt...Read More

Tech Talk for Monday August 10th 2020

August 10, 2020 / www.timingthemarket.ca

Morning Technical Notes for August 10thDow Jones Industrial Average (DJIA) moved above 27,580.21 extending an intermediate uptrend.Dow Jones Industrial Average ETF (DIA) moved above $275.37 extending an intermediate uptrend. Nike (NKE), a Dow Jones Industrial Average stock moved above $104.69 and 105.07 to an all-time high extending an intermediate uptrend. Midcap 400 SPDRs (MDY) moved above $354....Read More

Unigold drills high-grade intercept at Nieta in Dominican Republic

August 10, 2020 / www.northernminer.com

The longest and highest-grade intercept drilled so far at Ungiold's (TSXV: UGD) Nieta concession in the Dominican Republic "suggests that sulphide mineralization may have a steeper plunge to the northeast than originally interpreted, but, most importantly, it suggests that the system is strengthening to depth," CEO Joe Hamilton says.Drill hole 20-147 returned 30 metres averaging 9.02 grams gold pe...Read More

TSX Venture rises, Aug. 3-7

August 10, 2020 / www.northernminer.com

The S&P/TSX Venture Composite Index rose by 2.60% to finish the Aug. 3-7 trading week at 739.98. Spot gold continued to set new records, rising US$58.70 per oz., or 2.97%, to US$2,034.80 per ounce.Shares of Abraplata Resources jumped by 78.72% to 42 ? per share. The company increased the size of a non-brokered private placement first announced on Aug. 6 from $15 million to $18 million. Eric Sprott...Read More

Osisko hits more high grades at Windfall

August 10, 2020 / www.northernminer.com

Osisko Mining (TSX: OSK) has released high-grade drill results from the Lynx and Triple Lynx zones at its Windfall gold project, 700 km northwest of Montreal.Drill highlights from the 20 drill holes and 12 wedge holes include 28 metres of 202 grams gold per tonne (9 metres estimated true width); 3 metres of 171 grams gold per tonne; 2 metres of 173 grams gold per tonne; and 2 metres of 52.7 grams...Read More

Premier to buy Getchell gold project in Nevada

August 10, 2020 / www.northernminer.com

Premier Gold Mines (TSX: PG; US-OTC: PIRGF) has entered into a definitive purchase agreement with Waterton Global Resource Management to acquire a 100% interest in the Getchell gold project, which lies within the Getchell gold belt near Winnemucca, Nevada.To acquire the past-producing asset, Premier will need to make a US$23-million cash payment to the vendor on closing and issue 13.8 million comm...Read More

BHP to pay $840M to end coal energy dependence in Chile

August 10, 2020 / www.northernminer.com

BHP's (LSE: BHP; NYSE: BHP) Escondida and Spence copper mines in northern Chile are poised to pay a total of US$840 million for an early end to a 2008 energy contract with a coal-fired thermoelectric plant.The move follows a series of recent steps BHP has been taking to become an environmentally friendly miner, including carbon capture and storage and other innovations such as direct air capture.L...Read More

The never-ending iron ore boom

August 10, 2020 / www.mining-journal.com

88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25Lithium no quiet place for AVZSPONSOREDavz mineralsThat might sound like a tricky concept to grasp but what it comes down to is that value of the shares one man owns in Fortescue curr...Read More

Alrosa digs up Russia's largest coloured diamond

August 10, 2020 / www.northernminer.com

Alrosa, the world's top diamond miner by output, has found a 236-carat rough diamond of deep amber colour at one of its mines in Russia's northeastern region of Yakutia.The precious stone, thought to be between 120 and 230 million years old, is the largest coloured diamond ever mined in Russia, the company said.The diamond, described as having a "natural and intense yellow-brown colour," was found...Read More

Buy This 1 Rare TSX Stock for Huge Upside Potential

August 10, 2020 / www.fool.ca

Canada had a wake-up call this year when oil briefly traded at negative prices. It put energy diversification firmly on the agenda. While the oil industry arguably has a few years left in it, there are alternatives massing on the horizon.Clean energy is a high-growth sectorShould energy investors overlook an estimated 77.4% annual earnings growth over the next one to three years? This key uranium...Read More

Barrick CEO vows to stick to capital strategy as gold prices boost Q2 profits

August 10, 2020 / www.canadianinvestor.com

Share this articleTORONTO - The chief executive of Barrick Gold Corp. said Monday the company's strategy for spending money is unchanged despite a run up in gold prices that boosted second-quarter results and prompted an increased dividend.Mark Bristow said he is actively guarding against temptation to change course."First of all, the way you do it, is you don't blow your brains out, like what hap...Read More

Lumina Gold Corp. (TSXV: LUM, OTCQX: LMGDF): Exploring and Developing, the Largest Primary Gold Deposit in Ecuador. Interview with Scott Hicks, VP of Corporate Development & Communications

August 10, 2020 / www.metalsnews.com

Lumina Gold Corp. (TSXV: LUM, OTCQX: LMGDF) is a precious and base metals exploration and development company focused on the Cangrejos Gold-Copper Project, the largest primary gold deposit in Ecuador. We learned from Scott Hicks, VP of Corporate Development and Communications of Lumina Gold, that they envision a 25 year mine life, with a large-scale open pit mine, producing about 80,000 tonnes per...Read More

Silver Leads Gold In The Percentages

August 10, 2020 / www.silverdoctors.com

The shorts continue to pile on, and it does seem they are stressed...submitted by J. Johnson via JS MinesetGreat and Wonderful Monday Morning Folks, Nothing starts a Monday off better than a strong-precious-metals move higher with December Gold at $2,038.70, up $10.70 after reaching $2,047.50 with the low at $2,018.90. Silver leads the percentages with the September trade at $28.31 up...Read More

Alrosa Finds Russia's Largest Colored Diamond

August 10, 2020 / www.diamonds.net

RAPAPORT... Alrosa has recovered a 236-carat, intense-yellow-brown diamond, the largest natural colored diamond found in Russia.The stone, which the miner recovered from its Ebelyakh deposit in Yakutia, is an estimated 120 million to 230 million years old, Alrosa said last week. The company's United Selling Organization unit is currently studying and evaluating the diamond to decide whether it wil...Read More

TSX moves higher, Aug. 3-7

August 10, 2020 / www.northernminer.com

The S&P/TSX Composite Index rose 2.32% to 16,544.48 during the Aug. 3-7 trading week. The S&P/TSX Global Mining Index climbed 1.41% to 102.65, and the S&P/TSX Global Base Metals Index advanced 6.13% to 88.132. Spot gold jumped US$58.70 per oz., or 2.97%, to US$2,034.80 per oz., while the S&P/TSX Global Gold Index fell 0.79% to 341.33.Gold Standard Ventures' shares jumped 29.63% to $1.40. The compa...Read More

US markets rise, Aug. 3-7

August 10, 2020 / www.northernminer.com

The Dow Jones Industrial Average rose 3.80% to finish the week at 27,433.48 and the S&P 500 increased 2.45% to 3,351.28. Spot gold jumped US$58.70 per oz., or 2.97%, to US$2,034.80 per ounce.Shares of Pretium Resources advanced by 30.94% to US$12.40 with the release of second-quarter results from its Brucejack underground gold mine, located 65 km north of Stewart in British Columbia. The mine...Read More

The rush to gold hasn't started yet - Will Rhind

August 10, 2020 / www.kitco.com

Aug 12, 2020 Guest(s): Will Rhind CEO, GraniteShares Despite this year's dramatic gold price run-up, the precious metal has still not turned the heads of most investors, said Will Rhind, founder and CEO of GraniteShares in an interview with Kitco on Monday.Referring to the generalist investors as "tourists," Rhind said gold is still looking for love from the broader market."The tourists are not...Read More

Bristow: Barrick mergers delivering

August 10, 2020 / www.mining-journal.com

"All the opportunities created by the merger and subsequent transactions have been seized and more have been identified.Read More

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