Coronavirus cases are surging south of the border, with Texas, Florida, California, and Arizona suffering unprecedented spikes that could trigger a wave of reopening rollbacks.Don’t panicWhile some bears may view the latest cluster of COVID-19 infections as the beginning of what could be a broader North American resurgence, investors would be wise to not make any rash decisions over the late...Read More
Pekka Vauramo, Metso Outotec president and CEO. Metso Outotec, a new company focussed on leadership in sustainable minerals and metals processing and recycling technologies, officially began operations Wednesday. The merger was in the works for a years, and Metso and Outotec OYJ last month received an unconditional merger control clearance from the European Commission for the combination.Headqua...Read More
Nevada Gold Mines. Image from Barrick. Barrick Gold's (NYSE:GOLD) (TSX:ABX) Nevada Gold Mines (NGM), established one year ago Wednesday, posted an exceptional performance in its first 12 months of operation, CEO Mark Bristow said in a media statement Wednesday. Barrick, the world's second-largest gold miner, operates NGM - the world's largest gold mining complex - and owns 61.5% of the business, w...Read More
Argonaut Gold's El Castillo gold mine in Mexico. (Image courtesy of Argonaut Gold) Argonaut Gold (TSX: AR) and Alio Gold (TSX: ALO) have completed their previously announced business combination to create a diversified precious metals producer with output of over 235,000 gold-equivalent ounces annually.The combined entity will have a North America-focused mining portfolio that includes the El Cas...Read More
Eagle gold mine, Yukon. Image courtesy of Victoria Gold Corp. Toronto-based Victoria Gold (TSXV: GCX) has joined the ranks of Canadian gold producers by declaring commercial production at its Eagle gold mine in the Yukon territory on Wednesday.The Eagle gold mine is part of Victoria Gold's Dublin Gulch property, located approximately 375 kms north of Whitehorse. The Eagle and Olive deposits combi...Read More
Nouveau Monde has received C$1.5 million in repayable funding from the Canada federal government to help it optimize its process to manufacture spherical graphite. The company announced it had successfully commissioned a demonstration plant to produce spherical graphite from natural flake graphite in February.Nouveau Monde will use the funds to acquire, adapt and install state-of-the-art equipment...Read More
Bob Moriarty ArchivesJul 1, 2020In February when I was writing about Irving I put in some pictures of rocks from Irving that Quinton sent me. I polished them and had a jeweler friend make buckles out of them.(Click on images to enlarge)I did the polishing. Maurice put up the gold. I am way too cheap to be buying gold buckles for him.I’ve known Quinton for over a dozen years now. He’s s...Read More
The company describes its project as in the Bullfrog mine area, where Barrick Gold had produced 2.3 million ounces between 1989-1999, and said its claims included the northern third of the Bullfrog deposit."The new holes along with existing holes in the MH [Mystery Hill] area now provide much closer hole spacings that better define all resource classifications within a potential expansion of the B...Read More
McIntosh has been Rio's group executive of growth & innovation and health, safety & and environment since 2016.He joined Rio as an exploration geophysicist in 1987 and led the exploration team from 2011 to 2016, joining the executive committee in 2016.McIntosh has been the most public member of Rio's senior leadership team, regularly giving interviews and speaking at industry events.Most r...Read More
The Toronto-based company reduced full-year opex per ounce and all-in sustaining costs to between US$410-$430/oz and $790-$810/oz, respectively, from the previous guidance of $450-$470/oz andRead More
We learned from Dr. Daniel Bullard, CEO of Arcanum Alloys that they are looking to change the way that steel is manufactured. Arcanum Alloys has developed a breakthrough technology to drive revolutionary performance and margins in numerous metal alloy markets. They are currently commercializing two products that are using Surface-Optimized Diffusion Alloy technology (SODA). One is a stainless stee...Read More
We hit another milestone in June.Today, the count of COVID-19 cases here in the U.S. has officially risen above 2.5 million.Things can always get worse, right? Keep whispering that mantra under your breath, it'll help.If you're like me and trying to find any silver linings during this crisis, all you need to do is know where to look.Fortunately for me, the answer was sitting right behind me.A few...Read More
Stefan Gleason, Money Metals ExchangeAs third quarter trading kicks off following a tumultuous first half of the year, investors are hoping for an auspicious July.Both stocks and precious metals posted impressive advances in the second quarter. The S&P 500 finished the April-June period with a gain of nearly 20%, its best quarterly performance since 1998. The Dow Jones Industrials, meanwhile, po...Read More
By: Jan Nieuwenhuijs, Voima GoldAn interview with the gentlemen behind the website "WTF Happened in 1971?" The last remnants of the gold standard were abandoned in August 1971, when President of the United States Richard Nixon decided to close the gold window (foreigners couldn't redeem dollars for gold at the Treasury anymore). From 1945 until 1971, the U.S. dollar was backed by gold, and serv...Read More
I've been wondering what might provide the catalyst to push the Dow above 30,000, and this may be it, from Bloomberg: "A strain of virus spreading in Chinese pigs has shown it can also infect humans, with researchers suggesting that another pathogen with pandemic potential waits in the wings behind Covid-19." There's no telling how much stimulus we'd see if a new virus takes wing before we've...Read More
Industrial metal demand and energies demand will be much higher than the second quarter. World will never be in lockdown mode for the rest of the year. Cities, localities, districts may be locked down but never a nation. Demand for metals and energies will be there. Pace of demand will vary each month in every nation. Human have to live with COVID. Wearing mask and other precautions need to be t...Read More
In conversation with Maurice Jackson of Proven and Probable, the president and CEO of Riverside Resources describes his company's option agreement with Hochschild Mining and plans to move the Los Cuarentas Gold-Silver Project forward. Maurice: Today, we're going to highlight Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB), a project generator that just consummated a definitive option agreement...Read More
Peter Epstein of the Epstein Report interviews Brad Rourke, CEO of Scottie Resources, a 'rising star' working in the prolific Golden Triangle. Scottie Gold MineThe Golden Triangle (GT) of northwestern British Columbia has been one of the best performing mining districts for precious and base metals juniors. Of roughly 30 names I'm tracking, as of the close on June 30, the Top 3 are up an average...Read More
Gold miners’ stocksrocketed out of mid-March’s stock panic, breaking out to major new bull-markethighs in mid-May. Such blisteringly-fastgains, and gold stocks’ upleg stalling out since, have left many tradersnervous about this sector. Calls for aserious selloff are mounting. But arguingin favor for more near-term gains to come, gold stocks never grew overvalued...Read More
During the coronavirus crisis many people couldn’t find physical gold, as there was a bullion shortage at dealerships. And these lucky individuals who managed to obtain bullion had to pay high premiums. We invite you to read our today’s article about the high premiums in physical gold market during the pandemic and find out whether they were indicated scam or supply crisis.Gold is expe...Read More