Outotec HIGmill. Credit: Outotec Safety is one of the biggest challenges in the mining industry, especially during construction and equipment installation. At the same time there is pressure to speed up return on investment and minimize plant footprints. The Outotec HIGmill Plant (HMP) is a stand-alone, modular solution for fine grinding that addresses these conflicting requirements.The HMP consi...Read More
Figure: Midnight during the summer solstice, view from camp on Alces Lake, northern Saskatchewan. Image from Appia. Appia Energy (CSE: API) announced Monday that Phase I exploration activities have begun on the company's high-grade rare earth element Alces Lake property in northern Saskatchewan.Appia's 100% owned deposit, according to the company, hosts some of the highest rare earth elements (R...Read More
The Yukon territory, Canada. Image from White Gold. White Gold (TSXV: WGO) announced on Monday that it has started drilling on its Titan Project as well as initiated ground surveys on other high priority targets in Canada's Yukon territory.The 2020 exploration program is backed by partners Agnico Eagle and Kinross Gold and it has been designed to further test existing targets and recent new disco...Read More
Prikro project in the Prikro and Koun-Fao Departments in eastern Ivory Coast (Credit: Altus) Altus Strategies (TSXV: ALTS) has signed a nonbinding agreement with Stellar Africa Gold (TSXV: SPX) for the sale of its Prikro and Zenoula gold projects in C??te d'Ivoire.Altus will receive an initial payment of 2.5-million Stellar shares, with a market value of about C$87,500, and 2.5-million share purc...Read More
Bob Moriarty ArchivesJun 29, 2020I expect to get very boring over the next few months. While I have been warning for years of a massive financial collapse coming to the world few people actually get it. We are in a depression. There is $250 trillion worth of debt in the world that will never be paid. It is going to grow far worse than it is today. What the Fed and Central Banks around the world ha...Read More
The company said 30 million units would be offered on a bought-deal basis, while "a large shareholder" had indicated an intention to acquire 41 million units on the same terms.It said the net proceeds would be used to fund the remaining capex at its San Albino gold project in Nicaragua, for exploration, working capital and general corporate purposes.Funds raised under the bought-deal offering woul...Read More
Clarke, who managed the large technical team that took the Woodsmith Mine into construction following several years of studies, will take up the new role on July 1.Read More
The Minerals Council South Africa said the industry currently screened about 272,000 employees every time they reported for work and had conducted 15,994 tests, at June 25.By Friday, the number of mining employees who had tested positive for COVID-19 was 1,950 and the death toll had risen to seven.The Association of Mineworkers and Construction Union, which successfully fought for mandatory COVID-...Read More
By: Jan Nieuwenhuijs, Voima GoldFor thousands of years gold is the ultimate store of value. Currently, gold is undervalued as there are massive bubbles in asset markets and central banks continue to print money, which supports these bubbles. This is an unsustainable situation; and when the bubbles burst the gold price will rise.Gold is the ultimate store of value, as it's the only globally accep...Read More
Strengths? The best performing precious metal for the week was gold, up 1.57 percent. Gold is heading toward $1,800 an ounce driven by fear that the resurgence in virus cases will impede the global economic recovery. Gold for August delivery rose to $1,796.10 on the Comex on Monday - the highest level since 2012. The yellow metal saw a third straight weekly gain, which is its longest...Read More
V-shape mania appears to be tapering off. Years from now, market historians will come to regard the spectacular rally since late March as a case study in mass psychosis. The explosive resurgence of bulls is not only unsupported by economic reality, it flouts common sense in ways that only extraordinary popular delusions can. There is the implicit notion, for one, that just a handful of supposedl...Read More
We will start this update by looking at gold's price measured against various important currencies. These long-term charts quickly make clear that gold is in a major bullmarket, which is another way of saying that these currencies are losing purchasing power.Gold in Australian dollars...Gold in Canadian dollars...Gold in Japanese Yen...Gold in Swiss Francs...So we should clearly not allow oursel...Read More
The PM stocks have moved nicely over the past 2 weeks. Many gold investors wanting in on the next big move have been left on the sidelines under invested. It's my view that this has occurred because everyone and his brother has had one eye on the often published gold and silver seasonality chart. This chart is a composite of 40 years of action and shows gold weak until late July and silver...Read More
By: Ira EpsteinCovid waves spooking markets. Gold's monthly, weekly, daily chart, pushing the upper Bollinger bands and the longer the market stays over it, the stronger the bull market is:Read More
Trend is bullish for gold and silver on fears of rapid spread of coronavirus in USA. June month is not yet over. One still needs to watch for some large sellers in gold as a part of the profit booking. Overall it still a buy on sharp dips strategy in gold and silver. This week? On Tuesday US Treasury Secretary Steven Mnuchin will speak about the stimulus and lending facilities to sup...Read More
Recent results from Troilus Gold's drilling of its Southwest zone are discussed in a Haywood report. Troilus GoldIn a May 14 research note, Haywood analyst Pierre Vaillancourt wrote that at Troilus Gold Corp.'s (TLG:TSX; CHXMF:OTCQB) Troilus project in Quebec, the Southwest zone shows mining potential.This is the case in part, he indicated, because recent drill results showed the Main zone of Sou...Read More
Technical analyst Clive Maund charts his expectations for how silver prices will respond to movement in the stock market. Much of what is written in the parallel Gold Market update is equally applicable to silver and it will not be repeated here. Although silver has picked up significantly since its March low it has greatly underperformed gold over the past two years. But this is normal during th...Read More
Bob Moriarty of 321gold discusses why he believes this new company can succeed with this gold mine while its predecessor could not. Yesterday I promised I would be boring so here it is. We are in a depression. The Fed is doing the opposite of the right thing. They are destroying the currency. Their stupidity will take down the stock market as well as the bond market and leave most of the 99% brok...Read More
Sector expert Michael Ballanger breaks down the Canadian government's monetary policies, and offers an anecdote drawing correlations between positioning in gold now and positioning in gold in the 1970s, before the commodity's "parabolic" ascent. As I sit here on a Thursday evening, contemplating the logic behind my most recent additions to a highly tentative short position on the SPY:US (the exch...Read More
Technical analyst Clive Maund discusses the price of gold in various currencies and what he believes is ahead for gold, the U.S. dollar and the stock markets. We will start this update by looking at gold's price measured against various important currencies. These long-term charts quickly make clear that gold is in a major bull market, which is another way of saying that these currencies are losi...Read More