Twenty kilometres from a major four lane highway lies one of the largest undeveloped silver assets with an established resource of 115 million ounces of silver and 1.5 billion pounds of zinc, Golden Tag Minerals' (TSX-V: GOG) wholly owned San Diego Silver Project.Golden Tag has been preparing for stronger silver prices since 2019 in order to follow up on a resource outlined by a 2013 resource esti...Read More
Stock markets across the globe have remarkably recovered their lost ground after bottoming out in March. Similar to its peers, the Canadian stock market also rebounded strongly with the S&P/TSX 60 Index reflecting a decline of only about 3.7% year to date. While the COVID-19 stimulus packages and optimism over the reopening of the economy primarily drove the equity markets up, weak economic da...Read More
The gold rally has many investors moving funds into the gold miners, but oil is also making a comeback.Black gold opportunitySuncor Energy (TSX:SU)(NYSE:SU) is Canada’s largest integrated energy company. The upstream production assets, including the oil sands and offshore oil operations, are best known to investors. However, Suncor also owns four large refineries and roughly 1,500 Petro-Cana...Read More
Morelos gold property. Photo by Torex Gold Resources Torex Gold released its second quarter financial results and updated production guidance for the year: with 59,508 oz. generated in the quarter, the company now expects to produce 390,000 oz. to 420,000 oz. of gold this year.Torex's original guidance was for 420,000 oz. to 480,000 oz. of gold. However, following a covid-19-related decree from...Read More
Victoria Gold Corp.'s Eagle Gold Mine. Credit: Victoria. Victoria Gold made a $10 million early unscheduled repayment of interest and principal towards its $100 million senior secured credit facility. The facility was fully drawn as of the end of March and the company made its first, $7.1 million principal repayment at the end of May."We are advantaged to be in the final stages of ramping up the...Read More
The year 2020 is a new era for gold stocks and gold prices. After a long period of weak and uninspiring gold prices, today the industry is booming. The price of gold has risen above $2,000 for the first time ever. It is up 36% in 2020 and up 365% in the last fifteen years.And of course, gold stocks have followed suit. The S&P 500 Gold Sub Index has soared 66% in 2020, and Canadian gold stocks...Read More
WearSense monitors Credit: Metso Outotec Newly formed Metso Outotec has closed the acquisition of Davies Wear Plate Systems, an Australia-based fastener and wear monitoring technology provider, which extends the company's wear lining portfolio and capabilities.The acquired technology includes fasteners featuring a unique locking mechanism that does not require traditional studs and nuts...Read More
The McCoy-Cove property. Image courtesy of Premier Gold Mines Premier Gold Mines (TSX: PG) is currently evaluating asset reorganization options to maximize the value of its property portfolio, which potentially include spinning out to its shareholders the company's US subsidiary that holds its Nevada assets, the company said on Wednesday.If the spin-out is completed, it is expected to be a standa...Read More
Adobe Stock Transport delays from South Africa against an increasingly robust Chinese demand have fuelled a price rally for cobalt hydroxide, used to make chemicals for electric vehicle batteries.Cobalt prices CBD0 on the London Metal Exchange are at $33,000 a tonne, the highest since early March and up more than 15% since the end of July.South Africa implemented a covid-19 lockdown on March 27...Read More
Twenty kilometres from a major four lane highway lies one of the largest undeveloped silver assets with an established resource of 115 million ounces of silver and 1.5 billion pounds of zinc, Golden Tag Minerals' (TSX-V: GOG) wholly owned San Diego Silver Project.Golden Tag has been preparing for stronger silver prices since 2019 in order to follow up on a resource outlined by a 2013 resource esti...Read More
Bob Moriarty ArchivesAug 5, 2020Wear a mask 24/7.Wear a face shield.Stay at least two meters and better yet 20meters from anyone.Self isolate at home. Do not go out for anyreason.The government pays hospitals if you die with the Corona Virus for those who lack insurance. Therefore, if you are shot or born 15 weeks premature, or are in an automobile accident or drink yourself to death or have a str...Read More
The West Africa gold miner now holds nearly 10% of Oklo, up from a fraction under 8% previously.Resolute's flagship Syama operation is in Mali.As the firefinch flies, Oklo's emerging Dandoko/Seko prospect is about 300km northwest of Syama - with the firefinch Mali's national mascot.In contrast, B2Gold's Fekola operation and IAMGOLD's advanced Boto pre-development asset are right on Dandoko/Seko's...Read More
Macquarie Bank this week put coal at the top of its list of most-preferred commodities for the next six months, pipping steel and precious metals which were in second and third place, respectively.Read More
Royal Helium Ltd. (TSXV: RHC) has over 400,000 acres of prospective helium land in southern Saskatchewan. All of Royal's lands are in close vicinity to highways, roads, cities and importantly, close to existing oil and gas infrastructure, with a significant portion of its land in close proximity to existing helium producing locations. We learned from Andrew Davidson, who is Founder, President and...Read More
Markets are cyclical by nature.That shouldn't be particularly revealing news to our community, which has witnessed this firsthand in the energy sector over the years.Last April, the brief dip that oil prices took into negative territory as contracts rolled over was about as clear of a bottom as you'll find in history.You can bet that the smart money recognized this for what it truly was: a huge wi...Read More
Money manager Adrian Day discusses developments at four disparate companies affected to varying degrees by the economic consequences of COVID-19, with two buys among them. Vista Gold Corp. (VGZ:NYSE.MKT; VGZ:TSX, US$1.15) continues to raise non-dilutive funds by monetizing non-core assets as it focuses on and advances the Mt. Todd gold project in the Northern Territories, Australia. The company i...Read More
Defense Metals reported its flotation pilot plant registered positive sample results from its Wicheeda Rare Earth Element property in British Columbia. In a news release, Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE), which focuses on discovering high strength alloys, rare earth materials and magnets for the electric power, green energy, military and national security markets, provided...Read More
Strikepoint Gold reports that ongoing surface exploration work is "highly encouraging." In a news release, StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCMKTS) announced that ongoing exploration work at its Willoughby property in British Columbia's Golden Triangle is proving to be encouraging.Along with drill pad construction, the Vancouver-based company is continuing with surface exploration, mappin...Read More
Gold Standard Ventures states it aims to convert resources to Measured and Indicated and better delineate the potential of newly discovered targets at the South Railroad Project. Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced in a news release the elements of its planned phase 1 development and exploration program at its South Railroad project in Nevada's Carlin Trend."Our prefeasib...Read More
The work Granite Creek Copper has done so far this summer includes core re-logging and core and soil sampling. Granite Creek Copper Ltd. (GCX:TSX.V) announced in a news release the tasks it recently completed during the first phase of its 2020 exploration program at its Stu copper-gold project in the Yukon Territory's Minto Copper District.Since mid-July, when the Vancouver-based explorer began i...Read More