Aerial view of Mount Polley tailings dam breach in August 2014. Image from Business in Vancouver. Around 1 a.m. on August 4, 2014, a worker withdrawing water from the Mount Polley, British Columbia tailings pond dam was puzzled when he noticed he suddenly had no water. He would not know until later that, at the other end of the 250-hectare dam, a portion of the north-facing embankment had collaps...Read More
Image: Glencore via Instagram Copper futures prices rebounded sharply on Monday on the back of a surge in Chinese imports of the metal widely used in industry and construction.Copper for delivery in September trading in New York changed hands for $2.8850 a pound ($6,360 a tonne) in afternoon trade, snapping back 3.3% from a sharp drop on Friday.In March, the bellwether metal briefly traded belo...Read More
Image from Inomin Mines. Inomin Mines' (TSXV: MINE) shares surged 15% on Monday following its recent property acquisitions to extend the company's project portfolio beyond Canada.Last week, the Vancouver-based miner entered an agreement to acquire the La Gitana and Pena Blanca gold-silver projects in Mexico from Gunpoint Exploration (TSXV: GUN). As consideration, Inomin issued one million shares,...Read More
Pebble project site, Alaska. Image from Northern Dynasty. Northern Dynasty Minerals' (TSX: NDM) US-based subsidiary Pebble Limited Partnership said on Monday that any action by a future Democratic administration to deny its permits for the Pebble project in Alaska would be promptly overturned, given the favorable findings of the Final Environmental Impact Statement (EIS) released by the US Army C...Read More
Autonomous Truck. Image from Rail Veyor. Sudbury, Ontario-based Rail-Veyor Technologies (RVTG) won first place in the fourth annual Mining Cleantech Challenge, which took place virtually on July 23. Alongside the winning title, the company received a $5,000 prize, which RVTG announced would be used for education-based marketing.With 13 companies representing the US, Canada, Australia, and the U...Read More
Bob Moriarty ArchivesAug 10, 2020Nobody goes to watchDr. Pimple Popper to get ideas about investing in resource shares. They go to watch disgusting videos of Dr. Pimple Popper popping pimples. Likewise nobody goes to Inca Kola to get ideas about investing in resource stocks. They go to read about Inca Kola pop the pimples of people in the mining business. It’s just as disgusting but people d...Read More
Shares in Nubian Resources (TSXV: NBR) shot up 40% on Friday as it said Sprott intended to acquire "the entirety" of its C$4.2 million offering priced at 42c per unit."Nubian management appreciates Eric Sprott's support, not only for our own company but his unmatched commitment to support the mineral exploration industry," president and CEO Martin Walter said.The company has a silver project in Pe...Read More
The potential for import duties has already tightened supplies with importers likely to seek alternative offshore supplies to fill potential supply gaps.Read More
The resolutions passed through both the state Senate and Assembly and constitute a first step to increasing taxes on mining.Read More
Share this articleThe Grosso Group is the management company for Golden Arrow Resources Corp. [GRG-TSXV; GARWF-OTCQB; GAC-FSE]. Founded in 1993, it is recognized as an early mover in mineral exploration in Argentina. The discovery of three multi-million ounce precious metal deposits and partnerships with industry majors such as Barrick, Viceroy/Yamana, Teck and Rio Tinto makes it clear Argentina h...Read More
Share this articleTORONTO - Barrick Gold Corp. reported a second-quarter profit of US$357 million, up from $194 million in the same quarter last year, as its realized gold price climbed 30 per cent.The Toronto-based gold miner, which keeps its books in U.S. dollars, says it earned 20 cents per share for the quarter ended June 30 compared with a profit of 11 cents per share a year ago.Revenue tota...Read More
This is Dr. Allen Alper, Editor-in-Chief of Metals News, interviewing Dr. Caigen Wang, Managing Director of Tietto Minerals (TIE.ASX), who has a 2.2-million-ounce gold resource in the Abujar, Cote d'Ivoire project in the central west of Ivory Coast. The Company has been rerated because of a major increase in the resource and grade that was based on September 2019 drill results. They recently concl...Read More
Gold is hot. Record-breaking prices and demand for gold bullion have thrust the yellow metal back into the media spotlight.With renewed attention to gold, discussions and fears have resurfaced over government confiscation. Do an internet news search for the term "gold confiscation" and you'll find many recent articles exploring the subject.Many of these articles claim the U.S. government could con...Read More
Vox Royalty sees its intellectual property and years of experience in the royalty industry as major competitive advantages. Vox Royalty Corp. (VOX:TSX.V) has been around since 2014 and went public in May, and it has moved quickly to amass a precious metals weighted portfolio of 42 royalties and streams, 37 of which were acquired over the last 18 months across 16 separate transactions."We set abou...Read More
The recent revisions Laurentian Securities made to its model on Troilus Gold are presented and the effects are described in a report from the financial services firm. In an Aug. 6 research note, analyst Jacques Wortman reported that Laurentian Securities revised its model on Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) in anticipation of the preliminary economic assessment (PEA) on the Troilus proje...Read More
A Haywood Securities report states GoldMining's management "continues to impress with its ability to attract high-profile talent." In an Aug. 5 research note, Haywood analyst Colin Healey reported that GoldMining Inc. (GOLD:TSX; GLDLF:OTCQX) appointed a new chairman and CEO for its royalty subsidiary, Gold Royalty Corp.David Garofalo, a highly visible and successful executive who has overseen the...Read More
The anomaly's features make it a high priority drill target for Generation Mining. Generation Mining Ltd. (GENM:TSX; GENMF:OTCQB) announced in a news release preliminary results from the recent SPARTAN Magnetotellurics (MT) survey of the prospective parts of the 22,000-hectare Marathon project near Marathon, Ontario, "which are believed to have provided a favorable environment for enriched pallad...Read More
If you have been following our research into Gold and Silver over the past years, then you were already prepared for the recent rally that has taken many investors by surprise. This year, 2020, Gold and Silver are set up to have their best year of price appreciation over the past 40+ years. It is no consequence that this is taking place right now. Our cycle research and our predi...Read More
There is growing evidence that the rapid rise in the silver price is due to physical buying, not paper speculating... by Steve St Angelo of SRSrocco ReportThere is growing evidence that the rapid rise in the silver price is due to physical buying, not paper speculating. We can see this in the falling Commercial net short position trend as the silver price continues to rise. Typically in the p...Read More
Time is money, and money is time. Over the past decade we've all read countless articles with headlines like "$10,000 Gold" and "$1,000 Silver"...submitted by Matt OrloffTime is money, and money is time. Over the past decade we've all watched and read countless articles with headlines like "$10,000 Gold" and $1,000 Silver", Why $700 Silver is Possible, and "The Curious Case for $936 Silver.I consi...Read More