The Perron-East gold prospects are situated in the direct vicinity of Amex's Perron property, pictured here. (Image courtesy of Amex Exploration). Drilling at Amex Exploration's Perron property in Quebec returned near-surface gold intercepts from the Gratien and Grey Cat zones in the western section of the 45-sq.-km project.Grey Cat intercepts include 39 metres of 1.22 g/t gold at a depth of 80...Read More
Chuquicamata mine. File image. On a global scale, work is grinding to a halt and operations at mines are being temporarily suspended as majors and minors move to enact measures to protect against the spread of covid-19. With governments from Africa to Latin America issuing lockdown orders, unprecedented disruptions to operations and supply chains are threatening the outlook for industrial and pre...Read More
Glacier Resource InnovationGroup (GRIG) and The Northern Miner have entered an agreement with CPM GroupLLC that will see CPM Group's precious metals, other metals, and commoditiesresearch reports available via The Northern Miner's online platform.The program will begin with CPM Group's annual Gold Yearbook, Silver Yearbook, and Platinum Group Metals Yearbook. These reports have been published an...Read More
The Yukon-focused company has signed an underwriting agreement with a syndicate led by Cormark Securities and Cantor Fitzgerald Canada to sell the shares.The company, which is awaiting a water permit for its Keno Hill project, has also given the underwriters an overallotment option for 30 days following closure that could take the total raised to $8.6 million.Alexco said it would use the proceeds...Read More
The lockdown starts at midnight Thursday, but businesses essential for the maintenance of power generation are exempt.South32 said it was working with government to determine the impact of the exemption on its South African Energy Coal and South African Aluminium divisions, given they play a role in Eskom's generation network.The company has started planning for its South African Manganese busines...Read More
"The underlying mining and cement industries remain sound but given the day-to-day development in markets around the world, we are currently unable to assess the extent of the impact," the company said."The activity level for the group at the beginning of 2020 was similar to 2019, and in addition we have booked three large mining orders with a combined value of around 2.4 billion Danish krone."We...Read More
The coronavirus, and the actions being taken by governments to stem its spread, can be found behind a remarkable split which has seen the South African government force the closure of its miningRead More
Are you looking at the oil sector the wrong way?I know it looks ugly from the outside.And I certainly wouldn't blame anyone for being cautious, especially when your eyes turn toward a chart of oil prices in 2020.I should warn you, it's about as bad as it gets:But just because the bears are in full control doesn't mean you can't turn low prices to your advantage. No matter how low oil goes from her...Read More
In recent days the Fed has made it plain that it is prepared TO BUY ANYTHING AND EVERYTHING to prevent imminent total collapse, and you don't have to join many dots to see that this will extend to BUYING STOCKS, and it's not that hard for them - all they have to do is enter a few keystrokes, add a few 0s and it's sorted - and as Gregory Mammarino repeatedly points out, the more debt they iss...Read More
Peter Schiff, President and CEO Euro Pacific CapitalThe Federal Reserve has launched QE infinity. As Peter Schiff put it, the Fed has gone all-in on quantitative easing.So, what does this mean? What are the ramifications of all this debt monetization and money printing? In his podcast, Peter said this is where the problems really start.The US stock markets got a mega-boost Tuesday as the realit...Read More
Steve St. Angelo, SRSrocco Report Today, the global gold spot markets broke down as prices varied considerably from the different exchanges. Moreover, U.S. Mint sales of Gold and Silver Eagles surged again this week. Gold Eagle sales are so strong in March; they jumped 1,700% compared to February!! At one point, the gold price was up more than $100 during early trading. I was busy earlier...Read More
Avi GilburtYesterday really did not happen. How could we have seen a 10% rally when there was nothing to cause it?Did we see an announcement about the eradication of the coronavirus? No. But, we did get more news of rising numbers of infected.Did we see the passage of the Congressional bill? No. But, we did see more dithering by our wonderful representatives in Congress.And, when the Fed announ...Read More
Why is there such a huge gap between spot price and future price in gold/silver?1. Mines are closed or closing. There will be no new supplies.2. Global lockdown is preventing physical gold and silver to be transferred from one nation to another. 3. Lack of alternate safe investment avenue and availability of free money to fund managers and large corporates has resulted in shor...Read More
Last week was another week of wild marketvolatility for all asset classes, and precious metals were no exception. Gold continues to be the least volatile metal. And it continues to hold up better than thechaotic stock market during most trading days. But it has experienced somedownside in recent days. Money Metals Exchange and other bullion dealershave experienced an unprecedente...Read More
In the first part, we analyzed the HIV/AIDS pandemic, as the most deadly pandemic since the 1971, and the SARS pandemic, as the most similar to the current COVID-19 pandemic. However, we have witnessed several other pandemics in the recent decades. Let’s investigate them now and draw conclusions for the global economy and the gold market. Let’s start with the epidemic of 2009 A/H1N1 fl...Read More
In recent days the Fed has made it plain that it is prepared TO BUY ANYTHING AND EVERYTHING to prevent imminent total collapse, and you don't have to join many dots to see that this will extend to BUYING STOCKS, and it's not that hard for them - all they have to do is enter a few keystrokes, add a few 0s and it's sorted - and as Gregory Mammarino repeatedly points out, the more debt they iss...Read More
Peter Schiff, President and CEO Euro Pacific CapitalThe Federal Reserve has launched QE infinity. As Peter Schiff put it, the Fed has gone all-in on quantitative easing.So, what does this mean? What are the ramifications of all this debt monetization and money printing? In his podcast, Peter said this is where the problems really start.The US stock markets got a mega-boost Tuesday as the realit...Read More
Steve St. Angelo, SRSrocco Report Today, the global gold spot markets broke down as prices varied considerably from the different exchanges. Moreover, U.S. Mint sales of Gold and Silver Eagles surged again this week. Gold Eagle sales are so strong in March; they jumped 1,700% compared to February!! At one point, the gold price was up more than $100 during early trading. I was busy earlier...Read More
Avi GilburtYesterday really did not happen. How could we have seen a 10% rally when there was nothing to cause it?Did we see an announcement about the eradication of the coronavirus? No. But, we did get more news of rising numbers of infected.Did we see the passage of the Congressional bill? No. But, we did see more dithering by our wonderful representatives in Congress.And, when the Fed announ...Read More
Why is there such a huge gap between spot price and future price in gold/silver?1. Mines are closed or closing. There will be no new supplies.2. Global lockdown is preventing physical gold and silver to be transferred from one nation to another. 3. Lack of alternate safe investment avenue and availability of free money to fund managers and large corporates has resulted in shor...Read More