Recent News

Alamos expands Island Gold with high-grade hits ahead of study release

July 14, 2020 / www.mining.com

Island Gold mine - Image courtesy of Alamos Gold Alamos Gold has released exploration results from its Island Gold mine in Ontario, which extend high grade areas at the Island East and Main zones, as well as at Island West.The majority of the notable intercepts in the latest release are from the E1E zone and confirm the vertical continuity of this area over up to 1.2 km, between depths of 300 me...Read More

Rockhaven's PEA for Klaza suggests strong economics

July 14, 2020 / www.mining.com

The camp at Klaza. Image from Rockhaven. An updated preliminary economic assessment (PEA) for Rockhaven Resources' wholly owned Klaza project in the Dawson Range gold belt in Canada's Yukon Territory outlines a 12-year, combined open-pit and underground operation producing gold and silver dor?(C) as well as lead and zinc concentrates.With total payable metals production of 750,000 oz. of gold a...Read More

Caldas stock sinks on $33m special warrant financing

July 14, 2020 / www.mining.com

The Marmato project is located in the Caldas department in the heart of the Middle Cauca gold district, a region that has been exploited since pre-Colonial times by the Quimbaya people.(Image courtesy of Gran Colombia) Caldas Gold (TSXV: CGC) is raising aggregate gross proceeds of C$45 million (about $33m) after coming into agreement with a syndicate of underwriters led by Scotiabank and Canaccor...Read More

Gold Is Sound: Investors Hold Their Ground

July 14, 2020 / www.321gold.com

Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJuly 14, 2020 The big question about America is how much more money the Fed can print while the government runs a program of borrowing money to infinity... before hyperinflation turns the fading empire into a fire pit. The debt-themed empire is in tatters already, but it has yet to become...Read More

Minsur discovers new tin deposit

July 14, 2020 / www.mining-journal.com

The company has identified a resource of 14.6 million tonnes containing 201,652 tonnes of tin at Nazareth, reported local media.Minsur is working on a tailings reprocessing project near its San Rafael mine in Ica called B2 with an investment of US$200 million.It is also building the Mina Justa copper mine, which in May was 90% complete. Mina Justa will produce 140,000-150,000 tonnes a year for 16...Read More

New Gold Q2 production drops on pandemic impact, lower ore grades

July 14, 2020 / www.canadianinvestor.com

Share this articleTORONTO - New Gold Inc. is reporting lower production from its Rainy River and New Afton gold mines in Canada during the second quarter, in part due to COVID-19 disruptions.Gold production at Rainy River dropped to 48,800 ounces in the three months ended June 30 from 50,400 ounces in the first quarter after the mine was closed for 12 days so its workers could follow the two-we...Read More

Hecla Mining Company (NYSE: HL): Leading Low-Cost U.S. Silver Producer and Gold Producer with Mines in North America; Interview with Phillips Baker Jr., President and CEO

July 14, 2020 / www.metalsnews.com

Hecla Mining Company (NYSE: HL) is a leading low-cost U.S. silver producer, with operating mines in Alaska, Idaho, and Mexico and is a gold producer, with operating mines in Quebec, Canada and Nevada. The Company also has exploration and pre-development properties in eight world-class silver and gold mining districts in the U.S., Canada and Mexico, also an exploration office and investments in ear...Read More

Daily Gold Market Update 07/14/2020

July 14, 2020 / www.energyandcapital.com

Today is Tuesday, July 14, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,812.00. It's up 0.50% from yesterday and up 27.97...Read More

Energy Stocks Roundup 07/14/2020: SBR, WPX, SJT

July 14, 2020 / www.energyandcapital.com

Today is Tuesday, July 14, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Sabine Royalty Trust (NYSE: SBR), WPX Energy (NYSE: WPX), and San Juan Basin Royalty Trust (NYSE: SJT).Sabine Royalty Trust (NYSE: SBR)Sabine Royalty Trust (NYSE: SBR) is a $446.71 million company today with a one-year return of -35.75%. Let's look at its price-to-earnings (P/E)...Read More

Gold Is Money

July 14, 2020 / www.energyandcapital.com

It is always a good idea to front-run the Fed.In my newsletter Bull and Bust Report, we've been pounding the table for gold and silver for a while now...Gold was moving because Fed Chairman Powell told us he was going to destroy the U.S. dollar and we believed him.The black part is gold, silver is the gold line, and the blue line is the U.S. dollar ETF. As you can see, the dollar is slowly rolling...Read More

Gold Is Sound: Investors Hold Their Ground

July 14, 2020 / news.goldseek.com

Stewart Thomson, Graceland Updates1. The big question about America is how much more money the Fed can print while the government runs a program of borrowing money to infinity... before hyperinflation turns the fading empire into a fire pit.2. The debt-themed empire is in tatters already, but it has yet to become an inferno. The world watches aghast, as Americans blow each other aw...Read More

Precious Metals Were the Winners in H1 2020

July 14, 2020 / news.goldseek.com

Every year around this time, we check in with raw materials for our popular commodities halftime report. This year, it wasn't even a competition. Precious metals were the big winners for the first six months of 2020. Spot gold took the first place position, rising over 17 percent, followed in second place by silver, up nearly 2 percent. Palladium rounded out the top three, essentially flat at...Read More

Coin Shortage Ramps Up War on Cash

July 14, 2020 / news.goldseek.com

- Stefan GleasonMany retail businesses including grocery stores and fast food restaurants have been wrangling with a national coin shortage. Some are posting notices informing customers that they will need to pay in exact change or use alternative payment methods such as credit cards.What's driving this scarcity of quarters, dimes, nickels, and pennies?The answer from the U.S. Mint: COVID-19....Read More

H.R. 2559: The Gold Transparency Act Of 2019

July 14, 2020 / news.goldseek.com

House Rep, Alexander Mooney, introduced a Bill that would the first true audit of gold owned by the United States in more than 65 years. The Bill, if passed, would require a full assay, inventory and audit of the U.S. gold every 5 years. Currently the gold is being "safe-kept" by the Fed.The last time a Bill was introduced to audit the Fed, specifically the gold and gold swaps activity, the F...Read More

Stocks becoming dangerous, Gold: breakout holding for now

July 14, 2020 / news.goldseek.com

By: Gary SavageHere is what to look for on the gold breakout. Bullion banks are stuck in a large short position, they have covered some but have a significant problem. After multiple attempts, gold has broken out of this sideways/box. A break above $1,800 doesn't hold a lot of resistance, but holds the potential to be a false breakout: Stocks becoming dangerous:Gary Savagehttps://blog.smartmoney...Read More

Precious Metals Update Video: More covid shutdowns, Gold is at a challenging point: $1786 area support

July 14, 2020 / news.goldseek.com

By: Ira EpsteinGold 1796 area is a swing point, if taken out, then the market will head towards its 18-dma support around 1786 area. Doesn't mean the party is over:Read More

Asian Metals Market Update: July-14-2020

July 14, 2020 / news.goldseek.com

The fall in silver and gold is just profit taking and should be used to go long or invest. Crude oil should crash (on demand fundamentals) but is not even correcting. New investors of precious metals and industrial metals are waiting for correction to invest. Pension's funds have to give pensions to pensioners. They have increased their portfolio allocation to gold. Silver price will break past...Read More

High Growth, 'Unique New Entrant in Royalty Space' Adds Another Asset

July 14, 2020 / www.theaureport.com

A Red Cloud Securities report discusses why the firm is "encouraged by Vox Royalty's pace and disciplined growth strategy." In a June 30 research note, Red Cloud Securities analyst Derek Macpherson reported that Vox Royalty Corp. (VOX:TSX.V) agreed to acquire a 1% nonsmelter returns (NSR) royalty on certain Bulong gold project concessions in Western Australia for AU$750,000. The deal is expected...Read More

Firm Raises Target Price on Gold Company that Shows 'Strong Focus on Accretive Acquisitions'

July 14, 2020 / www.theaureport.com

H.C. Wainwright & Co. raises GoldMining's target price after increasing its long-term gold price forecast. Almaden projectIn a July 13 research note, analyst Heiko Ihle reported that H.C. Wainwright & Co. increased its target price on GoldMining Inc. (GOLD:TSX; GLDLF:OTCQX) to CA$7 per share from CA$6.50 after upwardly revising its precious metals price forecasts. GoldMining's current share price...Read More

Gold Is Sound: Investors Hold Their Ground

July 14, 2020 / news.goldseek.com

Stewart Thomson, Graceland Updates1. The big question about America is how much more money the Fed can print while the government runs a program of borrowing money to infinity... before hyperinflation turns the fading empire into a fire pit.2. The debt-themed empire is in tatters already, but it has yet to become an inferno. The world watches aghast, as Americans blow each other aw...Read More

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