Beaten-down TSX-listed gold miner Eldorado Gold (TSX:ELD)(NYSE:EGO) has been a key beneficiary of gold’s latest rally. Over the last year, Eldorado’s stock soared by a notable 198%, substantially outpacing gold, which gained 35%.This has sparked speculation that Eldorado may not experience a rally as strong as many other intermediate gold miners when the yellow metal rallies again.Impr...Read More

Aurora Mill, Guyana. Photo courtesy of Guyana Goldfields. Gran Colombia Gold (TSX: GCM) announced on Monday that it will no longer pursue the acquisition of all shares of Guyana Goldfields and, as a result, terminated the planned merger with Gold X.The successful completion of the Guyana Goldfields acquisition was a condition for the merger with Gold X. Guyana Goldfields rejected Gran Colombia's...Read More

Image by Banyan Gold Banyan Gold (TSXV: BYN) on Monday reported an initial mineral resource estimate of 903,945 ?EUR?ounces in the inferred category for its Aurex ?EUR?and McQuesten properties, located in the Mayo Mining ?EUR?district of Canada's Yukon territory, approximately 56 km northeast from the village of Mayo and 356 km north of Whitehorse.The properties, together referred to as AurMac, a...Read More

The proposed site for Alaska's Pebble mine, at the headwaters of the rivers that empty into Bristol Bay. Credit: jsear | Flickr Northern Dynasty Minerals (TSX: NDM) has welcomed a change of plan for its Pebble project in Alaska's Bristol Bay region, which would now include an all land-based transportation route to connect the proposed copper-gold-molybdenum-silver mine in southwest Alaska.Last Fr...Read More

Israeli billionaire Beny Steinmetz has been at the centre of an international investigation into alleged bribery to win mining rights in Guinea.(Image taken from Beny Steinmetz's website) Billionaire Beny Steinmetz, the founder and owner of a company embroiled in a long-dragged dispute with Vale (NYSE: VALE) over lost rights to the massive Simandou iron ore project in Guinea, claims to have fres...Read More

Bob Moriarty ArchivesMay 25, 2020Recently billionaire Eric Sprott added a multi-million dollar vote of confidence to that of Agnico Eagle and Kinross in the Yukon based amalgamation of all the projects of Shawn Ryan named White Gold. That now makes an even three entities that actually understand the magnitude of what White Gold has in their stable. That would be Eric, Kinross and Agnico Eagle. Few...Read More

The company has also appointed Murray John, Discovery Metals chairman and O3 Mining director, to its board.Read More

Speaking to Mining Journal on Friday - before it emerged that AngloGold Ashanti had shut down operations at its Mponeng gold mine after 164 workers tested positive for the virus - Tharisa's CEO Phoevos Pouroulis said the South African government had handled the pandemic "exceptionally well"."They have been pro-active, they have been extremely accessible, and certainly the Department of Mineral Res...Read More

Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) is a mineral exploration company, focused on the discovery of exceptional mineral deposits in North America. We learned from Bradford Cooke, Chairman of Aztec Minerals, that they are focused on new discoveries at their Cervantes porphyry gold-copper property in Sonora, Mexico, as well as their Tombstone project, located in Southeast Arizona, approxim...Read More

The government's quarantining and social distancing rules have failed miserably. A successful quarantine, with 100% of the population participating, should have eliminated the coronavirus within a few weeks. Yet it's been three months, and most U.S. states are still under quarantine orders. Why?Well, the answer is clear: Everyone didn't participate in the quarantine. Some very purposefully flouted...Read More

Rubicon Minerals Corporation (TSX: RMX | OTCQX: RBYCF) is an advanced gold developer that owns the Phoenix Gold Project, located in the prolific Red Lake gold district in northwestern Ontario, Canada. We learned from George Ogilvie, P.Eng. President, CEO, and Director of Rubicon Minerals, that they have a compliant NI 43-101 resource, with 811,000 ounces of measured and indicated, with a gold grad...Read More

This week, Powell gave a long television interview and a testimony to the Senate. What groundbreaking did he say, and what do his remarks imply for the gold market?Powell Gives Interview and TestifiesPowell dominated media news this week. On Sunday, the Fed Chair gave an interview to CBS news magazine “60 Minutes,” while on Tuesday, he testified before Congress. What did he say? In an...Read More

The real reason the gold/silver ratio has tended to fluctuate within a broad but well-defined range is that...by John Rubino of Dollar CollapseThere's a debate in gold bug circles over whether the price difference between gold and silver - the gold/silver ratio - tells us anything useful. Some skeptics, for instance, view the original gold/silver ratio of 15 - from America's 18th century bi-metal...Read More

RAPAPORT... India's diamond shipments declined heavily in March as the coronavirus crisis hit the US market. Polished exports slumped 48% to $960 million, while rough imports fell 65% to $293 million as Indian manufacturers demonstrated less demand. The country's total rough and polished trade fell 48% to $1.57 billion - the lowest monthly total since Rapaport records began in 2009.Exports of...Read More

RAPAPORT... The Israel Diamond Exchange (IDE) has reopened its trading floor following a two-month nationwide lockdown due to the pandemic.The hall will operate under a new format to comply with government health-and-safety rules, the IDE said Sunday. The measures include a divided floor, with one area for polished trading and another for rough. The bourse has also put a limit on the number o...Read More

(IDEX Online) - Alrosa has followed De Beers' example by announcing a significant cut to expected production this year, in response to COVID-19.The Russian state-owned miner's has revised down its 2020 forecast by as much as 17.6 per cent, from 34m carats to between 28m and 31m.Last month De Beers said it would reduce production this year from between 32m and 34m carats to between 25m an...Read More

(IDEX Online) - Billionaire Robert Kraft has auctioned off a ring containing 283 diamonds  - to mark his NFL team's Super Bowl astonishing comeback victory - for $1.025m.Proceeds will go to the All In Challenge charity, to feed the hungry during the COVID-19 pandemic.Kraft, 78, made his fortune in paper and packaging, and bought the New England Patriots American football club in 1994.He...Read More

(IDEX Online) - The Israel Diamond Exchange (IDE) yesterday re-opened for "new normal" activity after 11 weeks of closure due to COVID-19.   The huge trading floor (pictured) has been divided into separate rough and polished areas, the number of traders has been cut, and tables have been divided by transparent partitions.   Anyone on the floor is required to wear a mask, keep a two-metre...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesChairman and CEO Dr Keith Barron said Aurania had recognised in March that a competitor had discovered a similar style of mineralisation to what Aurania found in the Cutucu Cordillera, 300km to theRead More

The TSX Composite Index is expected to open higher this morning in relatively light trading. The Index is expected to respond to strength in international equity markets as world economies begin to re-open. The Nikkei Average gained 1.73%. The DAX Index added 1.97%. S&P 500 futures advanced 0.93% despite no official trading on U.S. equity markets during the Memorial Day holiday. The Botto...Read More