Wartsila 32TS generating sets Credit: Wartsila Technology group Wartsila will provide the engineering, equipment, and technical advice for a 44 MW power plant at the Mansourah & Massarah gold project in Saudi Arabia. It will be the first power project in the country a hybrid concept, with engine technology and solar energy. It will be the first power project in the country utilizing a hybrid co...Read More
Wallbridge Mining's Broken Hammer copper-nickel-PGM mine near Sudbury, Ontario. Credit: Wallbridge Mining Wallbridge Mining Company (TSX: WM) has announced that in response to the latest covid-19 plans from the provincial governments, exploration activities at the Fenelon gold project in Qu?(C)bec as well as operations in Ontario will remain suspended until at least May 4. Originally, these opera...Read More
PERTH (miningweekly.com) – Junior Marenica Energy will raise A$1-million after receiving binding commitments for a placement to professional and sophisticated investors.The ASX-listed company will place 26.35-million shares, at a price of 3.8c each, and 26.35-million free attaching options, over two tranches. The first tranche will consist of more than 13.15-million shares and will be issued...Read More
Chairman Greg Martin, who assured shareholders attending the Iluka's virtual annual general meeting that he had shaved and gotten out of his pyjamas, said the company's initial plan was to provide an update on the timing of the demerger.However, Martin said the travel restrictions and social distancing measures due to coronavirus meant the timing was still unclear."You will appreciate that the pra...Read More
Share this articleTORONTO - Canadian mining firm Alamos Gold Inc. reports that a group of armed robbers intercepted gold dore bars on the runway at its Mulatos mine site in Mexico, then staged a dramatic escape in a separate light aircraft.In a statement in Spanish, Alamos's Mexican subsidiary Minas de Oro Nacional says five heavily armed people subdued security guards who were loading the bars f...Read More
Share this articleTHUNDER BAY, Ont. - Premier Gold Mines Ltd. says an offer made in March to buy Centerra Gold Inc.'s 50-per-cent stake in the Greenstone Gold Mines Partnership for US$205 million has not been accepted.Greenstone's principal asset is the proposed Hardrock Mine project near Geraldton, Ont.Premier, which holds the other 50 per cent stake in the project, had said an unnamed third pa...Read More
Although I'm not on complete lockdown, I've come to realize the importance of human connection over the past few weeks.And this is coming from someone who doesn't really have that much face-to-face interaction with people to begin with.Before the pandemic hit, I would typically see my coaches and friends at the gym for an hour or so, usually five days a week.At least one day a week, I'd visit our...Read More
APRIL 2020In a recent essay published at Project Syndicate, Harvard economics professor Kenneth Rogoff sets an ominous tone. Humanity, he says "is facing something akin to alien invasion" - an apt analogy, we thought. "With each passing day," he goes on, "the 2008 global financial crisis increasingly looks like a mere dry run for today's economic catastrophe. The short-term collapse in global ou...Read More
By Daniel R. Amerman, CFACan the U.S. economy actually be turned on and off like a light switch? What are the implications for investors if it can't?The shutdown of much of the American economy in response to the COVID-19 pandemic has already created what is by far the single largest increase in unemployment in U.S. history in such a short period of time. We are experiencing two quite distinct b...Read More
By Rob Kirby The plandemic was [conveniently or coincidentally, take your pick?] "dropped" because we are on an exponential, vertical growth curve for money which had to be created - due to the magic of compounding - before we ever had a "virus". I would like to now remind EVERYONE of a piece I penned back in August of 2018 where I did write in a piece titled, Big Money and the Big Lie: "T...Read More
By RambusBack at the 2008 crash low in the HUI there was a reversal pattern, that is pretty rare, which helped confirm that very important low. If you ever wondered what the 2007 - 2008 top looked like and the decline that followed to the 2008 crash low this daily chart for the HUI paints the Chartology I posted at the tent, in real time, as the impulse move to the downside took place.The 2007 -...Read More
The $2.2 trillion coronavirus relief package that President Donald Trump signed into law on March 27 is just the beginning. The Treasury Department is now seeking some $250 billion more to replenish small business loans, and there's hope that the president and House Democrats can agree on a "Phase Four" spending deal, one that may target infrastructure. Trump has asked for $2 trillion. And...Read More
By David HaggithBy its close yesterday, the market provided exactly the example of the head slamming I said bulls were going to get in the article I was writing all day yesterday because the "Stock Market Bulls are Delusional in Face of Great Depression."Monday's stampede proved how utterly disconnected from reality the market's bulls remain, and that means they're going to get their heads pound...Read More
By: Ira EpsteinGold daily chart shows the massive move from $1450-1740's within a 5 week period, wow!Read More
Great Bear Resources is continuing its drilling program, following strict safety protocols to protect its crews. Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTCQX) announced in a news release that all assays returned from drilling thus far at the LP Fault target intersected gold mineralization. The LP Fault is part of the company's Dixie project in Ontario's Red Lake District. Chris Taylor, presi...Read More
Ron Struthers of Struthers' Research Report takes a look at the investment thesis for Ridgestone Mining. The correction in gold ended with the drop to the $1,460/ounce area. We see these spikes up of higher highs. It is like the gold market is a pressure cooker, trying to explode upward, and soon it will. Ridgestone Mining Inc. (RMI:TSX.V)New, well-structured deal with strong shareholder base; St...Read More
An operational update on Victoria Gold is provided in a BMO Capital Markets report. In an April 7 research note, BMO Capital Markets analyst Andrew Mikitchook reported that Victoria Gold Corp. (VGCX:TSX; VITFF:OTCMKTS) is expected to increase gold production significantly at its Eagle mine in the Yukon, with commercial production starting in late Q2/20 or early Q3/20. The latter "remains a key de...Read More
Thedebt-to-GDP ratio is an important metric economists use for comparing acountry’s total debt to its gross domestic product (GDP). The percentagearrived at by dividing the country’s total GDP by its total debt indicates thecountry’s ability to pay back its loans. The higher the percentage, the higherthe risk of a country being unable to pay the interest on its debt, andtherefore...Read More
With his portfolio "solidly anchored" in silver and gold, sector expert Michael Ballanger opines on how bankers and politicians can manipulate markets.As a child, I used to get quite excited at the prospect of having my English "Gran" read me the Hans Christian Andersen book "The Emperor's New Clothes." I found the tale fiendishly amusing, as the charlatan tailor uses lethal doses of fla...Read More