Image of brown diamond provided by Lucrara Diamond. Lucara Diamond has found an avenue to sell its large diamond production from its Karowe mine in Botswana, through an agreement with HB Group, an Antwerp-based diamond manufacturer. The deal will ensure the company will see cash flow this year from a category of diamonds that normally accounts for 70% of its revenue.The diamond market has been s...Read More
OceanaGold operates both the Martha open pit and the Correnso underground mines in Waihi. (Image courtesy of OceanaGold.)The Waihi District preliminary economic assessment (PEA) from OceanaGold suggests an additional 2.2 million oz. of gold output from the Waihi district between 2021 and 2036.These additional ounces would be sourced from the Marth and Gladstone open pits as well as from the und...Read More
Mobility solutions kits Credit: TE TE Connectivity, a company specializing in connectivity and sensors, is now offering a new purchase option for high voltage terminals and connectors - hybrid and electric mobility solutions kits, which contain all of the parts needed to create an assembly in one easy-to-order package.These kits are available for several of the company's connector systems and ar...Read More
Silver investment demand is exploding in recent months, skyrocketing higher in wildly-unprecedented fashion! That has catapulted silver sharply higher since mid-March's COVID-19-lockdown stock panic. Accelerating even in this usually-weak summer season, the massive capital inflows deluging into silver show no signs of abating. This is very bullish for silver, yet most traders remain unaware it is...Read More
Azure will have a 70:30 joint venture with Creasy at Turner River plus the Meentheena and Coongan prospects, and a 60:40 JV at the Andover nickel-copper prospect.Read More
Mastermyne managing director Tony Caruso told the Noosa Virtual Mining Conference he believed the acquisition provided a path for expansion of the ground consolidation business from coal into the hardRead More
Share this articleCALGARY - Despite negative impacts of the COVID-19 pandemic on production and costs, rising prices for gold are expected to buoy results as Canada's precious metals miners begin rolling out second-quarter financial results next week.In the three months ended June 30, the average gold price was US$1,713 per ounce, up eight per cent over the first quarter, said RBC Capital Mark...Read More
In a recent Kitco editorial, writer Lobo Tiggre asks, "What if gold really does go to $5,000 or $10,000 an ounce?"Good question.Tiggre answers by speculating on how the world might look in an environment with $5,000 or $10,000 gold. As you might expect, he notes that such prices would be accompanied by high levels of economic, political, and social uncertainty -- which may have resulted in hyper...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort330,20567,77759,596125,909427,927515,710555,300Change from Prior Reporting Period -6,825-1,8955,5667,4856,9116,22610,582Traders22765875666318190 Small Speculators LongShortOpen Interest 64,46524,875580,175 1,173-3,1837,399 non reportable positionsChange from the previous reportin...Read More
Miles Franklin sponsored this article by Gary Christenson. The opinions are his and are not investment advice.Breaking News:? Gold reached $1,800, close to its all-time high of $1,923.? Silver reached $19, a long way from its high of $50.? The NASDAQ hit another new high.? Tesla closed on July 10 at $1,544, a new high. Tesla looked outrageously high at $1,200...Read More
This is an interesting interview between Professor Brian Lucey and Dr. Fergal O'Connor, lecturer in finance and economics at University College Cork (UCC) on gold's performance as a safe haven asset in the last 200 hundred years and in recent history including the 2008-2012 global financial crisis. The pandemic is one moment in history and Brian and Fergal discuss what gold has done in oth...Read More
Peter Schiff appeared on the Joe Rogan Experience this week. The wide-ranging, three-hour interview covered a number of topics, including a critique of socialism, the 2020 presidential election, the recent social unrest and how to fix troubled communities, how the minimum wage hurts workers, and the economic impacts of the coronavirus.Peter Schiff on Joe Rogan's podcast on July 15, 2020As far...Read More
Spot gold getting higher than comex gold futures. Silver is still in bullish zone. Covid is spreading in nations which have opened after lockdown. Gold and silver are soft just due to vaccine hopes and nothing else. Rest of the factors are all bullish. Gold investment demand from ETF and others will not fall significantly unless there are other safe options. Federal Reserve meeting on 29th July...Read More
The Critical Investor examines the latest news from this junior with a flagship copper-zinc project in Portugal, which also includes finalizing a joint venture with MATSA and preparing for the season's drill program. As gold stocks are getting all the attention at the moment, with gold firmly in an upward trend, it seems, one could almost forget the existence of base metal juniors. This is not e...Read More
Bob Moriarty of 321gold discusses a junior that is exploring a past-producing gold mine in Nevada. Alta Gold went bankrupt in April of 1999 due to low gold prices. They had an existing gold producing mine near Ely in Nevada they called the Griffon Mine. Nevada Sunrise picked up the project almost twenty years ago but didn't move it forward. Nevada Sunrise was bought out by Pilot Gold. Pilot chang...Read More
Gold Standard Ventures and its new investor agree to a series of financing transactions valued at US$22 million. Gold Standard Ventures Railroad-PinionIn a news release, Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced a strategic partnership with Orion Mine Finance who has agreed to invest US$22.5 million in the company."We are very pleased to announce our strategic partnership with...Read More
The number of cases of Covid-19 in the U.S. have been rallying very quickly in last weeks, giving way only to the gold prices, which have surpassed $1,800. It’s not easy to terminate the viruses, especially that they are not quite alive. Indeed, the pandemic of the coronavirus is still not over, as the chart below shows. The global number of daily confirmed Covid-19 cases has surpassed 220,0...Read More
The next few weeks are certain to attract much attention to precious metals. Hardly anyone can argue that Gold has not experienced an incredible upside price rally over the last 12+ months. Recently, Gold closed above $1800 for the first time since 2011. Our researchers believe the next target is $1935. Keep reading to learn why we believe this is the next major price targe...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort330,20567,77759,596125,909427,927515,710555,300Change from Prior Reporting Period -6,825-1,8955,5667,4856,9116,22610,582Traders22765875666318190 Small Speculators LongShortOpen Interest 64,46524,875580,175 1,173-3,1837,399 non reportable positionsChange from the previous reportin...Read More