(Image courtesy of Vale) Vale (NYSE: VALE) is ready to resume dividend payments to investors and is just waiting for more certainty around the coronavirus pandemic before approving the move, Chief Financial Officer Luciano Siani Pires told investors on Friday.Speaking on a live conference promoted by XP Investimentos, Siani Pires said that the uncertainties depend on the behavior of China, the de...Read More
Image courtesy of Komet Resources Inc. Roscan Gold (TSXV: ROS) has completed its previously announced acquisition of the Dabia South project in Mali from fellow Canadian mining junior Komet Resources (TSXV: KMT).The Dabia South property comprises 35 square kms of mining concessions adjacent to Roscan's Kandiole project. Total consideration for the acquisition amounted to C$3.2 million in cash and...Read More
Bob Moriarty ArchivesJul 3, 2020I fully approve of garimpeiro miners. Rarely can they read and write. They can live under conditions that the majority of us could never handle. They mine in a totally different way than do the junior resource companies in the space. They all make money. That’s right, 100% of garimpeiro miners make money regardless of what the price of the commodity is. They h...Read More
The maiden in-situ reserve estimate is 30.6Mt, using an 8.2% iron cut-off, which is higher than the 5.25% cut-off used previously, as the company has optimised its mine schedule.Read More
Gold is set to experience one of the greatest and most powerful bull markets in history.Forget the run-up in gold prices back in 2011. We called that a "bull market" back then. But what's coming will make the 2011 gold rally look minor in comparison.And forget the gold bull market of the 1970s. Although it's often hailed as the greatest bull market for gold ever, the 1970s gold bull market will be...Read More
Bob Moriarty of 321gold does the math on the two companies. WingdamOmineca Mining and Metals Ltd. (OMM:TSX.V; OMMSF:OTCMKTS) will be in production shortly at the Wingdam project on Lighting Creek in BC. They are being very quiet about it but it's happening. That's a big deal and why the shares have shot from $0.15 in the middle of May to a high of $0.70 on July 2, 2020. Tom MacNeill as President...Read More
Formulating a Trend ForecastIt is clear that Silver is NOT Gold, so NOT to make the mistake of looking at what Gold has done and thinking Silver will replicate that move, it rarely does! At best Silver tends to play catchup towards the end of precious metals bull trends.Silver is in a strong bull trend off the March low that is targeting resistance at $19 and then $20, beyond which lies $21. The b...Read More
Technical analyst Clive Maund charts his expectations for how silver prices will respond to movement in the stock market.Much of what is written in the parallel Gold Market update is equally applicable to silver and it will not be repeated here. Although silver has picked up significantly since its March low it has greatly underperformed gold over the past two years. But this is normal during the...Read More
Gold has broken out from a two-month-long consolidation (from $1680 to $1770), but the other precious metals markets have not confirmed Gold’s strength.The gold stocks (GDX, GDXJ) remain below their May highs while Silver remains below significant, multi-year resistance around $18.75. Silver closed Monday at $18.06.Furthermore, Gold, when priced against foreign currencies, has not broken out...Read More
We all fear the second wave of infections. But the U.S. hasn’t evencontrolled the first one! Bad news for Americans, but good news for gold. Please take a look at the chart below. As you can see, the epidemiological situation in the UnitedStates does not look well. The number ofnew daily confirmed Covid-19 cases has been rising again since mid-June,which means that coronavirus is far from be...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe study confirms a delay of 21-29 months for first production and an increase of US$1.3 billion-1.8 billion on the original $5.3 billion capital costs.Read More
Markets were mixed this morning, Friday July 3, with Asian-Pacific equities generally higher and pre-market western equity index futures weaker, while the base metals and precious metals were mixed.* China’s Caixin services purchasing managers index (PMI) climbed to 58.4 in June, from 55 previously. * James Bullard, president of the Federal Reserve Bank of St Louis, told the Financial Times t...Read More
of July weekend!Pre-opening Comments for Friday July 3rdThe Canadian equity market is expected to be quiet today, typical when U.S. equity markets are closed. U.S. markets are closed for the Independence Day holiday. U.S. equity index futures were down 0.30% in overnight trade.Other equity markets around the world were mixed overnight. European equity markets were lower by almost 1.0%. Far East eq...Read More
Plans to start mining the Moon as early as 2025 became more attractive this week after a U.S. National Aeronautics and Space Administration (NASA) team found evidence that the Earth's natural satellite may, underneath its surface, be richer in metals than previously thought.Using data from the Miniature Radio Frequency (Mini-RF) instrument onboard NASA's Lunar Reconnaissance Orbiter (LRO), a tea...Read More
Victoria Gold's (TSX: VGCX) Eagle gold mine in central Yukon reached the commercial production milestone on Canada Day. As of July 1, all of the facilities required for this stage of the mine life are now complete and, according to Victoria, the mining and processing operations are performing well."Site activities continue to progress well, and all facilities and operations are now at, or approach...Read More
PearTree Remarks by Lisa Davis, CEO, PearTree Securities on June 16.Read More
Opus One Resources Inc. (TSX-V: OOR) is focused on discovering high-quality gold and base metals deposits, in the Abitibi Greenstone Belt, north-western Quebec and north-eastern Ontario - one of the most prolific gold mining areas in the world. Opus One holds assets in Val-d'Or, Matagami and Chibougamau areas. We learned from Louis Morin, CEO and Director, and Pierre O'Dowd, Chief Geologist, of Op...Read More
Not surprisingly, there's a lot of attention on the gold market. But if you think gold is doing well, you almost have to...Ronnie Stoeferle interviewed by Chris Marcus of Arcadia EconomicsAs government financials deteriorate at an accelerating rate, while central banks print faster than ever, not surprisingly, there's a lot of attention on the gold market.Although if you think gold is going to do...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesA delegation of mayors met with the mining commission of the Chamber of Deputies, Chile's lower house, to review the impact of COVID-19, and the dramatic increase in cases in the north in recent weeks.State-owned copper miner Codelco, has throttled back its northern operations, suspending its Chuquicamata smelting operation and dev...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesDrilling hit mineralisation about 40m below the 1,500-foot level of underground exploration drifts. Highlights included an interval of 4.9m grading 2.16 grams per tonne gold, 24.9g/t silver, 2.39% copper, 0.31% lead and 3.27% zinc for 6.2% copper equivalent."The resumption of our phase 1 drill programme … has continued to co...Read More