Workers at El Teniente, Chile. Image from Codelco. No large-scale industry operates in quite as far flung and remote locations as mining does, which increases the potential of the pandemic to significantly impact global metal and mineral supply chains.A new report by management consultants PwC says the global mining industry "managed to weather the first phase of the crisis relatively unscathed":...Read More
Bob Moriarty ArchivesJul 22, 2020Blackrockannounced the first drill results from their latest program at their 100% controlled Tonopah West silver project in Nevada.Hole TW20-001 showed two massive silver intercepts. The highest grade was the 2,198 g/t Ag over 3.04 meters.(Click on images to enlarge)Another layer that was the actual target of the drill hole reported 29 meters of 965 g/t Ag where i...Read More
Summa yesterday announced an C$8 million placement at $1 per unit, saying it was expected to include a lead order of $5 million from Sprott.He had joined the register in the company's first financing, a May $5 million placement at 25c per share."This financing represents another landmark for Summa Silver and we very much appreciate the strong and continued support from Mr Sprott," CEO Galen McNama...Read More
The deal is valued at up to C$48 million, comprising a payment of $7.4 million from Waterton for its interest and a $3.3 million refund for Karora's share of cash held within the Dumont joint venture for total payment of $10.7 million. The balance is made up from any future proceeds of a possible Dumont sale or other monetisation event for which Karora will be entitled to 15% of the net proceeds c...Read More
The COVID-19 podcast interviews are part of Mining Journal's Stakeholder Engagement programme, a 12-month campaign focused on helping the mining industry better understand and engage with key stakeholder groups. Find out more here."Miners tend to be dominant within a local economy so there's an opportunity to take leadership at a local level," he told Mining Journal as part of its Stakeholder...Read More
We learned from Scott Williamson, Managing Director of Blackstone Minerals (ASX: BSX), that they are looking to restart the past producing, high-grade Ban Phuc nickel mine, located at their, district-scale, Ta Khoa Project in Northern Vietnam. The Ta Khoa Nickel-Cu-PGE Project has existing modern mine infrastructure, built to International Standards, including a 450k tpa processing plant and permi...Read More
Are we finally getting a glimpse of the aftermath of COVID-19?Look, I know it's far too early to suggest that we've gotten past this pandemic.Last Friday, the U.S. reported its highest one-day number of new COVID-19 cases. That day, 75,821 people joined 4 million others in testing positive for the virus.At last count, more than 144,000 COVID-19 deaths have been recorded across the United States.Wo...Read More
Strengths? The best performing precious metal for the week was silver, up 3.24 percent and marking six weeks of consecutive gains. Silver was strong again this week as the metal neared $20 an ounce, a level last seen in September 2016. The metal is up 66 percent from its March lows due to stronger demand for use in solar. Silver is also riding the wave of higher gold prices. ?...Read More
https://silverseek.com/article/silver-bull-gateway-hand Read More
By Avi Gilburt, ElliottWaveTrader.netIt has been quite some time since I have published an article on gold. Unfortunately, we have become so busy at Elliottwavetrader that I simply have not had the time to publish many public articles.So, as we are approaching an inflection point, I thought it would be an appropriate time to publish a public article.Now, I have to be honest. I am quite disappoi...Read More
1. Gold looks superb, silver looks better, and the miners look best of all. 2. These are the main facts for investors to keep in mind at this point in "gold bull era" time.3. Please click here now. Double-click to enlarge this "breakout over $1800" gold chart.4. Next, please click here now. Double-click to enlarge yet another breakout chart (silver). S...Read More
Craig Hemke, TF MetalsIt may or may not happen at next week's FOMC, but that hardly matters. What's important is that a policy shift is coming and the impact upon the precious metals will be significant.Many times already in 2020, we've utilized this space to explain why negative real interest rates are the most extraordinarily important and fundamental rationale for owning physical gold and sil...Read More
Ely Gold Royalties reported that it has increased its net smelter returns royalty at the Lincoln Hill property operated by Coeur Mining. Nevada focused gold royalty company Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; I4U:FSE) in a news release announced that "it has entered into a binding letter agreement with a private individual seller whereby Ely Gold, through its wholly-owned subsidiary...Read More
One of Fremont Gold's first three holes drilled at the Griffon project "intersected a significant interval of near-surface oxide gold mineralization." Drill site locations at GriffonIn a news release, Fremont Gold Ltd. (FRE:TSX.V; FRERF:OTCQB; FR2:FSE) announced the results of three holes drilled at the past-producing Griffon project in Nevada, one of which intersected a "significant interval of...Read More
Troilus Gold accomplishes this by staking and acquiring 422 new claims. In a news release, Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) announced that it further consolidated its Troilus land package in Quebec's Fr?tet-Evans Greenstone belt by adding 422 new claims over 23,005 hectares. Of the additional claims, the Toronto-based mining firm staked 310 claims covering an area of approximately 16,905...Read More
Black Tusk Resources intends to use the soil testing and survey results to define future drill targets at this Quebec project. Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) announced in a news release that it received the results of 203 soil samples taken in May from its McKenzie East project north of Val d'Or, Quebec."A number of interesting areas of interest were developed from t...Read More
Blackrock Gold is mobilizing a core drill rig to follow up on the results. Blackrock Gold Corp. (BRC:TSX.V; BKRRF:OTCMKTS) announced in a news release the results of its maiden hole drilled in the Victor target at its Tonopah West project in Nevada. "Our first drill hole, having encountered multiple significant high-grade veins, is nothing short of remarkable," President and CEO Andrew Pollard sa...Read More
"Hope and fear look different on a chart"Recently in these pages, we noted that bull markets in stocks tend to end with "a subtly slowing ascent" rather than with a final "spike" higher, as many investors believe. Historical examples were provided.It was also pointed out that, by contrast, commodities do tend to end major uptrends with a price spike.The Wall Street classic book, Elliott Wave Princ...Read More
Strengths? The best performing precious metal for the week was silver, up 3.24 percent and marking six weeks of consecutive gains. Silver was strong again this week as the metal neared $20 an ounce, a level last seen in September 2016. The metal is up 66 percent from its March lows due to stronger demand for use in solar. Silver is also riding the wave of higher gold prices. ?...Read More
https://silverseek.com/article/silver-bull-gateway-hand Read More