Aerial view of Diavik diamond mine. (Image courtesy of Dominion Diamond.) Canada's Dominion Diamond Mines is suing Rio Tinto's subsidiary DDMI, its associate in the iconic Diavik mine, for alleged breach of contract and acting against the best interests of the partnership.The lawsuit, filed on Tuesday in the Supreme Court of British Columbia, Canada, alleges that Diavik Diamond Mines, which owns...Read More
East Cadillac gold project in Quebec. Credit: Chalice Gold.Probe Metals has identified three new gold zones in drilling at the Cadillac Break East project, near Val-d'Or, Quebec, where the junior is earning up to a 70% stake from O3 Mining.One hole, located 2 km southeast of the Sleepy deposit at the project, hit 4.2 metres of 4.2 g/t gold starting at 315 metres downhole.The company also made t...Read More
Pine Point lead-zinc project. Image courtesy of Osisko Metals A preliminary economic assessment (PEA) for Osisko Metals' wholly owned Pine Point project in the Northwest Territories outlines an 11,250 t/d open-pit and underground operation, mining 47 small open pits and eight high-grade shallow underground deposits.The proposed 10-year mine would produce an average of 327 million lb. of zinc...Read More
Image by Tina Koehler from Pixabay. Equator Principles 4 (EP4), an environmental and social risk management framework adopted by financial institutions, comes into effect October 1. Norton Rose Fulbright, sole legal counsel to the Equator Principles Association for the review of the new version, is offering a webinar to provide insight on ESG and the new EP4 requirements in the areas of human rig...Read More
The Canadian company is Colombia's largest underground gold and silver producer. (Image courtesy of Gran Colombia Gold.) Gran Colombia Gold (TSX: GCM) announced on Tuesday that it produced a total of 18,129 ounces of gold in May, about 98% of gold production in the same month last year. The largest underground gold and silver producer in Colombia reported total gold production for the first five...Read More
Weekly Reports |Jun 16 2020While last week was another of little activity in uranium markets, attention turned to progress on global decarbonisation and nuclear power's role therein.-No virus impact on reactors-Nuclear build plans slowing-US electricity could be 90% carbon-free by 2035By Greg PeelWhile the effects of the pandemic on global energy demand are still being measured and forecasted, no...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJune 16, 2020Gold investors are eager to see the current price reaction end and a fresh uptrend begin.Oscillator buy signals, rising volume, and bullish price patterns are beginning to appear in some gold stocks, and that’s a good sign. Pleaseclick here now. Double-click to enlarge t...Read More
Wage would not comment on the specifics of the various Australian SOP projects, which include Agrimin's Lake Mackay, Reward Minerals' Lake Disappointment and Salt Lake Potash's Lake Way projects, butRead More
Prime minister Scott Morrison said yesterday that delays in approvals under the Environment Protection and Biodiversity Conservation Act 1999 cost industry A$300 million alone in 2019.Read More
Share this articleTORONTO - RNC Minerals has changed its name and stock ticker.The Toronto-based mining company now known as Karora Resources Inc. will have its stock trade beginning Wednesday under new symbols.Shares and warrants will trade under the symbols KRR and KRR.WT respectively.RNC says the new name more accurately reflects its business focus on growing gold production in Western Austral...Read More
CBLT Inc. (TSXV: CBLT) is a natural resource company, targeting cobalt in ethical traceable mining jurisdictions. We learned from Peter Clausi, CEO of CBLT, that they were able to finance the Company on a non-dilutive basis, by selling off some of their cobalt assets for very high profits. Near term plans include acquiring silver properties in North America, either past producers or grassroots gre...Read More
Gold has been a great investment for the last five years. It has gone from $1,320 an ounce to $1,779 an ounce with just a few hiccups.At the moment, the price of gold is a bit off its all-time high and sits at $1,731.It's not as cheap as it was, but it is far from a mania...I've yet to hear a taxi driver or waitress tell me to buy gold. The strip mall stores are closed, there are no "buy gold" com...Read More
Share this articleToronto-based Barrick Gold Corp. says it has cashed in most of its shares in Hong Kong-listed Shandong Gold Mining, taking advantage of an increase in price as world gold prices strengthen.It says it realized US$210 million (C$285 million) from the sale of 79.3 million shares of the Chinese state-controlled company at a price of HK$20.50 per shareBarrick says it purchased the...Read More
By: Ira EpsteinGold is moving sideways, not in a trend. Swing point above at $1754.90..Read More
Fund manager Adrian Day discusses why he likes the proposed merger of Evrim Resources with Renaissance Gold, plus he names some companies on his buy list. Evrim Resources Corp. (EVM:TSX.V, 0.35) is merging with fellow junior prospect generator Renaissance Gold Inc. (REN:TSX), doubling the size of the company, to create Orogen Royalties, a self-defined "organic royalty generator." The merger bring...Read More
David Smith of The Morgan Report tells Maurice Jackson of Proven and Probable what he thinks about the current financial state of America, ways investors can protect themselves from the vagaries of modern times including reading "Common Sense 2.0" and mentions a few resource companies he finds worthwhile. Maurice Jackson: Today, we're going to discuss a very, very important topic and that is debt...Read More
Initially, Nexus Gold plans to drill over 1,000 meters to test several targets for mineralization potential. McKenzie Gold Project, Red Lake, Ontario, with phase one drill location in redIn a news release, Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) announced it is getting a crew and the necessary equipment to its McKenzie gold project in Ontario's Red Lake District for its imminent drill program.D...Read More
Ely Gold Royalties will retain a 2% net smelter returns royalty on any future production there. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; A2JSL0:FSE) announced in a news release that its subsidiary, Nevada Select Royalties, agreed to provide Provenance Gold an option to buy 30 unpatented lode mineral claims covering two miles of the White Rock gold project in Nevada.According to the agreem...Read More