The Northern Miner kicked off its inaugural Global Mining Symposium on Tuesday, with mining leaders, influential investment professionals, and forward-thinking innovators from around the world. The three-day event includes panel discussions, fireside chats, and company presentations and covers the financial, technological, and operational developments that guide the global mining and mineral expl...Read More
A preliminary economic assessment (PEA) for Troilus Gold's (TSX: TLG; US-OTC: CHXMF) namesake project in Quebec has outlined a 22-year, 35,000-tonne-per-day open pit and underground mine, with the 9,000 tonne-per-day sub-surface portion starting up in the eighth year.The resulting operation would produce an average of 220,000 gold oz. per year over the first five years of operation, and 246,000 go...Read More
Evolution Mining (ASX: EVN) has released an updated resource for its recently acquired Red Lake gold project, which the company says is materially higher than the figures estimated during its due diligence of the acquisition.The Sydney, Australia-based gold miner acquired the northern Ontario operations from Newmont Mining (TSX: NGT; NYSE: NEM) in a US$475-million deal that closed earlier this yea...Read More
Premier Gold Mines (TSX: PG; US-OTC: PIRGF) has released an updated resource for the Getchell gold project in Nevada. Last month, the company announced a definitive purchase agreement for the asset with Waterton Global Resource Management.Measured and indicated resources at Getchell consist of 21 million tonnes at 2.16 grams gold per tonne for 1.5 million oz. gold, with an additional 2.8 million i...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) will take a dispute over mining rights for the Porgera gold mine in Papua New Guinea (PNG) to the country's Supreme Court after a minor court dismissed the Canadian company's attempt to regain the licence.The world's second-largest gold producer and its Chinese partner, Zijin Mining, became embroiled in a dispute with the PNG government in April, when Prime Mini...Read More
Scorpio Gold (TSXV: SGN) has granted an option to Titan Mining (TSX: TI) to earn an 80% interest in the Mineral Ridge property in Nevada.The terms of the agreement require Titan to spend US$35 million in staged expenditures over a period of five years to earn an 80% ownership interest in Mineral Ridge Gold LLC, an indirect subsidiary of Scorpio Gold which holds all of the mineral rights and water...Read More
A new report by Fitch Solutions forecasts that global gold production will increase from 106 million oz. in 2020 to 133 million oz. by 2029, for an average annual growth rate of 2.5%.According to the report, this result would be an acceleration from the average growth of just 1.2% over 2016-2019.In the market analyst's view, Russian gold production will lead the rise with gold output jumping from...Read More
Weekly Reports |Sep 01 2020The uranium price continues its slide as nuclear plant decommissions in the US and Scotland are planned.-Exelon Generation decommissions two plants due to falling energy prices-Weekly spot price declinsd over one percent -Australian state backs away from lifting ban on uranium miningBy Mark WoodruffThe news that Exelon Generation would decommission its Dresden and Byron...Read More
The company said it was the third such request by the Prefect of Azuay in his personal capacity, which INV believed was politically motivated in advance of the 2021 presidential elections. "We have been advised by our legal counsel that this and other previous rulings have set a precedent that any future referendum requests related to mining activities should not impact our legally granted mi...Read More
Silver is a "must own" asset in this environment. Using both 1970s inflation and Fibonacci analysis, if inflation surges as gold moves towards...by Stewart Thomson of Graceland UpdatesSep 1, 2020 1. While most of the Corona news is "baked" into the gold price, when the dust settles, $2000-$2500 is likely to be the new floor.2. Please click here now. The $1000 floor for gold took...Read More
RAPAPORT... Gem Diamonds has unearthed a high-quality, 233-carat, type II diamond from its Let??eng mine in Lesotho, the company said TuesdayThe discovery is the fifth rough stone over 100 carats that Let??eng has yielded this year, according to Rapaport records. It follows that of a 442-carat, type II diamond that was recovered on August 23, the company said Tuesday. That stone is one of the larg...Read More
Sep 03, 2020 Guest(s): Rick Rule President & CEO, Sprott U.S. Holdings An economic war on savers is going to push gold prices much higher than $2,000 an ounce, according to Rick Rule, president of Sprott U.S. holdings. In an interview with Kitco News on the sidelines of the Mines and Money Online Connect Global mining conference, the celebrated fund manager said that while he is no fan of the Fe...Read More
Sep 03, 2020 Guest(s): Peter Hug Global Trading Director, Kitco Metals With holidays and families preparing for the fall, there are not that many traders, which leads to all sorts of volatility, said Peter Hug, head of Kitco's precious metal division. Hug spoke to Kitco News on Wednesday when October gold futures traded down $35.40 to $1,935.40. "During the last week of August, leading up to Lab...Read More
RAPAPORT... Sales of jewelry and other luxury items in Hong Kong plunged in July amid a continued lack of tourism and a resurgence in coronavirus cases.Revenue from jewelry, watches, clocks and other valuable gifts slid 54% year on year to HKD 2.55 billion ($328.5 million) for the month. While the figure was an improvement over the previous month, the lingering effects on the trade continued to be...Read More
If you're like me, you haven't stepped foot in an airport in over half a year.When we eventually do, we'll enter a whole new world. It'll look a lot like the one before, but will be fundamentally transformed.The way things are looking, some airlines might not be around anymore. I wouldn't be surprised if we see government-brokered takeovers similar to the financial sector in the last recession, bu...Read More
Presentation by CNC's Chair and CEO, Mark Selby, delivered at the Northern Miner Global Mining Symposium 2020 virtual event ...Read More
Drill Pad and Road Construction at the Juniper Target - Gold Springs Project - during August and September 2020. 100 Drill pads ...Read More
Catch up and get informed with this week's content highlights from Charlotte McLeod, our editorial director.Read full newsRead More
Gold79 Mines Ltd. is pleased to announce executive management chaRead full newsRead More
Renforth Resources Inc. (CSE:RFR) (OTC PINK:RFHRF) (WKN:A2H9TN) (Read full newsRead More