SilverCrest Metals (TSX: SIL) has acquired a 100% interest in the 71-sq.-km El Picacho property, located 40 km northeast of its flagship Las Chispas silver-gold development project in the state of Sonora, Mexico.SilverCrest paid US$1.6 million to American Metal Mining (a private company) and its affiliate, in addition to the required taxes to bring the 11 mining concessions to good standing.Ther...Read More
Australia's Danakali (ASX, LON: DNK) said it plans to spend the rest of the year raising funds to bring its Colluli potash project in Eritrea closer to construction.Reporting on the first two quarters of 2020, the Perth-based miner said it's considering a range of options to fund work at Colluli, which is a 50-50 joint venture between the company and the Eritrean National Mining Corporation (ENAMC...Read More
Copper was once again approaching the psychologically important US$3 per lb. level on the back of falling inventories, booming Chinese demand and pandemic hit supply from South America, the U.S. and Africa.On Aug. 26, Copper for delivery in December trading in New York jumped 1.5% to US$2.9965 per lb. ($6,605 a tonne) in afternoon trading, bringing gains in 2020 to more than 7%, and 50% since the...Read More
Aug 28, 2020 Gold was unable to re-take $2,000 level this week. But there was plenty of volatility keeping investors on their toes.The biggest event was Fed Chair Jerome Powell introducing a new approach to setting monetary policy, which lets inflation and employment run higher. The Fed will now seek inflation that averages 2% over time. This shift ensures that interest rates remain low for years...Read More
RAPAPORT... Rough trading does not incur India's new e-commerce tax, the country's Gem and Jewellery Export Promotion Council (GJEPC) confirmed after meeting with finance minister Nirmala Sitharaman.India introduced the equalization levy on April 1 for all overseas e-commerce operators. The minister explained that the new tax applied only to digital consumer sales and not business-to-business...Read More
Anyone who follows The Outsider Club knows that I'm not a resource guy. My trading service, The Wealth Warrior, focuses instead on the defense and security sectors. I'm talking about companies that make fighter jets, drones, laser weapons, rocket engines, and advanced AI. Nevertheless, even I knew something big was on the horizon for gold. Here's what I told subscribers back in September 2019:...Read More
Gold bugs may finally be taking their summer (stay)vacation. Aftermonths of frenetic activity in the bullion markets, physical buying and sellingslowed a bit last week. Therespite, if it persists, could be welcome news for investors who have beenfrustrated by product scarcity and higher premiums.TheCOVID-19-associated economic troubles have not been resolved, but those storiesaren’t commandi...Read More
Independent financial analyst Matt Badiali presents the investment case for copper.Copper will be the next metal to break out in 2020, and it's all about demand.The price of copper just broke through $3.00 per pound. The red metal's price rose 45% so far in 2020. But that is still well below its 2011 high of $4.50 per pound.That could change in the second half of this year. The reason for copper's...Read More
The 1987 stock market crash occurred after aperiod with a similar build up to the 2020 crash. After being stuck in a rangefor a number of years in the 1970s and the 2000s, the Dow managed to breakhigher after a significant gold peak in 1980 as well as 2011 respectively. Seethe chart below: In both cases, prices more than doubled overa period of at least 90 months from the level it was at the gold...Read More
Predictions for gold’s price are based on seemingly sound fundamentals and logic; but the fundamentals are incorrect and presented in unrealistic context. Here are some things to keep in mind when you see any predictions for the price of gold. GOLD IS NOT AN INVESTMENT Gold, itself, is not an investment. Gold is real money and the original measure of value for everything else.A h...Read More
August 27, 2020 - Brixton Metals Corporation (the “Company“) (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce that it has entered into separate agreements to acquire a 100% interest in the Trapper mineral claim group (the "Trapper Project") and its associated royalties, further expanding the Thorn Project. The Trapper claims are adjacent to the Thorn Project and part of a larger distr...Read More
FireFox Gold Corp. is pleased to provide an update on its 2020 suRead full newsRead More
Best Result of 5.0 metres core length (estimated 2.5 metres true width) grading 353g/t Ag and 7.98g/t Au from 174m in LV20-245.Read full newsRead More
SKRR Exploration Inc. (TSXV:SKRR) (Read full newsRead More
Nexus Gold Corp. (Read full newsRead More
Halifax, Nova Scotia - Sona Nanotech Inc. (CSE: SONA), (OTCQB: SNANF) ("Sona Nanotech" or the "Company") a developer of rapid, point-of-care diagnostic tests, is pleased to announce that its rapid detection COVID-19 antigen test achieved a sensitivity of 84.6% and a specificity of 90.0% in a study across 99 collected clinical patient samples, which included 39 positive samples and 60 negative samp...Read More
(Adds comment from Vale) By Sabrina Valle and Luciano Costa SAO PAULO, Aug 26 (Reuters) - Authorities from Brazil'sMinas Gerais state are seeking a freeze on nearly $5 billion inassets from miner Vale SA as a partial payment tocover economic and other damages from last year's deadlyBrumadinho dam disaster. In a statement on Wednesday, state and federal prosecutorsin Minas Gerais said they had sent...Read More
Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") announced operational and financial results for Q2 2020, and the filing of its financial statements and associated management's discussion and analysis on www.sedar.com. All dollar references in this release are in U.S. dollars.SECOND QUARTER 2020 AND RECENT HIGHLIGHTSGenerated revenue of $0.04 million and a gross lo...Read More
Gold mining can demolish Amazon rainforest in just a few days. New research finds that the impacted forest does not recover even 3-4 years after a mine is abandoned.Read full newsRead More
Here are five Fastmarkets stories you might have missed on Tuesday August 25 that are worth another look.Mexican steel scrap prices increased in the week ended Friday August 21, maintaining an uptrend started in late July, with the country's manufacturing sector continuing to recover gradually from the Covid-19 pandemic...Read More