Recent News

Explorer Reports High-Grade Silver Samples at Keno Hill District Project

May 28, 2020 / www.theaureport.com

Metallic Minerals defines and refines targets at the Yukon project. Metallic Minerals Corp. (MMG:TSX.V; MMNGF:OTCMKTS) announced in a news release the results of recent exploration work at the Formo, Silver Queen and Duncan Creek targets at its Keno silver project in the Yukon's Keno Hill district.At Formo, via underground sampling, the company identified three high-grade mineralized shoots retur...Read More

Canadian Explorer Closes Yukon Project Acquisition

May 28, 2020 / www.theaureport.com

Seabridge Gold intends to initiate data collection and analysis on this orogenic gold asset. In a news release, Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced that its acquisition of the 3 Aces gold project in the Yukon closed."3 Aces is a first rate exploration play with the potential to host a high grade commercially-viable ore body," Seabridge Gold Chairman and CEO Rudi Fronk said in th...Read More

Trump vs. Biden: What's at Stake for Precious Metals Investors? / Commodities / Gold & Silver 2020

May 28, 2020 / www.marketoracle.co.uk

The China virus, the economic lockdowns, and themulti-trillion-dollar rescue efforts of central bankers have dominated marketsover the past three months.However, as lockdowns gradually lift and the 2020 election drawsnearer, investors will begin to focus more on political developments.The once-strong economy that President Donald Trump had hopedwould propel him to re-election has collapsed. The Pr...Read More

Implications for Gold - 2007-9 Great Recession vs. 2020 Coronavirus Crisis / Commodities / Gold & Silver 2020

May 28, 2020 / www.marketoracle.co.uk

When the economic crisis hits, the first instinct is to analyze the previous catastrophes to learn what to expect from and how to handle the current calamity. So, not surprisingly, many analysts have already pointed to the 2008 global financial crisis (GFC) as the most relevant example. However, is really the current coronavirus recession similar to the Great Recession? Let’s compare these t...Read More

Precious Metals Update Video: Market cycling money out of tech, Gold is acting very good

May 28, 2020 / news.goldseek.com

By: Ira EpsteinFirst week of June a big week in US, many places re-opening. Lay-offs a big threat still and as the largest employers, and oh boy, there are going to be problems.Gold is acting very good..Read More

HOUSTON WE HAVE A PROBLEM: Dow Jones Index Totally Disconnects From The Employment Data

May 28, 2020 / news.goldseek.com

It's no surprise to most investors that the Fed is propping up the stock market. However, if we compare the Dow Jones Index versus the continued unemployment claims, something seriously wrong is going on. According to the St. Louis Federal Reserve, continued unemployment claims are nearly four times higher than the peak reached in June 2009. When the continued unemployment claims reached a...Read More

Coronavirus: Police Disperse Diamond Traders

May 28, 2020 / www.idexonline.com

(IDEX Online) - Police had to intervene after hundreds of merchants broke social distancing rules by gathering at Varaccha Diamond Market, in Surat. Industry bodies have been urging their members to stay away from Varaccha and the nearby Mahidapura market, where diamonds are traded for export via Mumbai. Authorities in Surat (pictured), the cut-and-polish hub, have allowed factories and workshops...Read More

"Reckless" South African Mine Running out of Cash

May 28, 2020 / www.idexonline.com

(IDEX Online) - South Africa's small state-owned diamond miner Alexkor is trading recklessly and will run out of money within a month, a parliamentary committee heard.The company, which operates around Alexander Bay (pictured), on the country's West Coast, is technically insolvent, warned former administrator Lloyd McPatie."I propose as a department that we need to look at liquidati...Read More

Christie's Live Auctions Resume with a 12.11-carat Blue Diamond

May 28, 2020 / www.idexonline.com

(IDEX Online) - A 12.11-carat blue diamond ring could fetch $12.25m as the highlight of the first live Christie's auction since lockdown.The marquise-cut stone, described as an internally flawless fancy intense blue, will go under the hammer on 9 July at the Magnificent Jewels Auction in Hong Kong, which was postponed from 2 June.Sales have been taking place online since lockdown was introduc...Read More

COVID-19 impacts Chile copper output

May 28, 2020 / www.mining-journal.com

NEW TOOLS IN ITS LATEST MICROMINE UPGRADESPONSOREDmicromineCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesRiveros said a reduction of personnel at mining operations and the suspension of projects cut output.In a video presentation,...Read More

Sandfire lifts Botswana exploration spend

May 28, 2020 / www.mining-journal.com

NEW TOOLS IN ITS LATEST MICROMINE UPGRADESPONSOREDmicromineCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesSandfire acquired the Tshukudu project via the takeover of MOD Resources late last year and set an initial A$10-12 million bud...Read More

Tech Talk for Thursday May 28th 2020

May 28, 2020 / www.timingthemarket.ca

U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for April Durable Goods Orders was a drop of 19.0% versus a decline of 16.6% in March. Actual was a drop of 17.2%. Excluding Transportation Orders, April Durable Goods Orders was a drop of...Read More

Wesdome Gold plans low-cost mine at Kiena

May 28, 2020 / www.northernminer.com

Wesdome Gold Mines (TSX: WDO) has released a preliminary economic assessment (PEA) for its wholly owned Kiena mine complex, 15 km northwest of Val-d'Or and 100 km east of Rouyn-Noranda in Quebec.The PEA estimates a mine life of eight years producing an average of 85,931 oz. gold annually at cash operating costs of US$374 per oz. and all-in sustaining costs (AISCs) of US$512 per ounce.The early-sta...Read More

Streaming company Nomad Royalty lists on TSX

May 28, 2020 / www.northernminer.com

Nomad Royalty, a new precious metals royalty and streaming company, will begin trading on the TSX on May 29, after completing a reverse takeover and acquiring the royalty portfolio of Yamana Gold (TSX: YRI; NYSE: AUY) and streaming assets from Orion Resource Partners.In addition to the two vend-in transactions, Nomad also completed a private placement financing of $13.3 million.Previously listed o...Read More

O3 Mining to raise $35M for Quebec exploration

May 28, 2020 / www.northernminer.com

O3 Mining (TSXV: OIII) has entered an agreement with a syndicate of underwriters to raise $35 million (upsized from $30 million) for exploration at its projects in Quebec and for working capital and corporate expenses.The bought deal private placement offering co-led by Cormark Securities, Sprott Capital Partners and Canaccord Genuity, includes 4.7 million flow-through units, priced at $4.30 each,...Read More

Marathon Gold a 'takeover target' says National Bank Financial

May 28, 2020 / www.northernminer.com

Marathon Gold (TSX: MOZ; US-OTC: MGDPF) has completed a bought deal financing raising $34.5 million that will be spent on permitting, development and exploration at its wholly owned Valentine gold project in Newfoundland.The company issued 23 million units at a price of $1.50 each, with each unit consisting of one share plus a half warrant exercisable at $1.90 per share for a one-year period. The...Read More

Lithium prices to jump as pandemic hinders expansions, analyst says

May 28, 2020 / www.northernminer.com

Prices for lithium, one of the key ingredients for the batteries that power electric vehicles (EVs) and high tech devices, are expected to climb in two years, when shortages in the market caused by curtailed production and halted expansions start to emerge.Car sales, EVs included, have plummeted this year as a result of the coronavirus pandemic that has hit global markets.In Western Europe, where...Read More

Rio Tinto extracts high-purity scandium in Quebec

May 28, 2020 / www.northernminer.com

Rio Tinto (NYSE: RIO; LSE: RIO) has developed a way to extract high-purity scandium oxide from waste at its titanium dioxide production facilities in Quebec.The company has been using the new process, developed by researchers at the company's Rio Tinto Fer et Titane (RTFT) Research & Development Centre, to produce scandium oxide that meets market specifications since the second half of 2019 as par...Read More

Metal price forecasters bet on reversion to mean

May 28, 2020 / www.mining-journal.com

NEW TOOLS IN ITS LATEST MICROMINE UPGRADESPONSOREDmicromineCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesInvestment bank metal price forecasts are influential. They frame expectations for investors. They also dictate what companies...Read More

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May 28, 2020 / www.youtube.com

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