The company has also appointed Murray John, Discovery Metals chairman and O3 Mining director, to its board.Read More
Speaking to Mining Journal on Friday - before it emerged that AngloGold Ashanti had shut down operations at its Mponeng gold mine after 164 workers tested positive for the virus - Tharisa's CEO Phoevos Pouroulis said the South African government had handled the pandemic "exceptionally well"."They have been pro-active, they have been extremely accessible, and certainly the Department of Mineral Res...Read More
Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) is a mineral exploration company, focused on the discovery of exceptional mineral deposits in North America. We learned from Bradford Cooke, Chairman of Aztec Minerals, that they are focused on new discoveries at their Cervantes porphyry gold-copper property in Sonora, Mexico, as well as their Tombstone project, located in Southeast Arizona, approxim...Read More
The government's quarantining and social distancing rules have failed miserably. A successful quarantine, with 100% of the population participating, should have eliminated the coronavirus within a few weeks. Yet it's been three months, and most U.S. states are still under quarantine orders. Why?Well, the answer is clear: Everyone didn't participate in the quarantine. Some very purposefully flouted...Read More
Rubicon Minerals Corporation (TSX: RMX | OTCQX: RBYCF) is an advanced gold developer that owns the Phoenix Gold Project, located in the prolific Red Lake gold district in northwestern Ontario, Canada. We learned from George Ogilvie, P.Eng. President, CEO, and Director of Rubicon Minerals, that they have a compliant NI 43-101 resource, with 811,000 ounces of measured and indicated, with a gold grad...Read More
This week, Powell gave a long television interview and a testimony to the Senate. What groundbreaking did he say, and what do his remarks imply for the gold market?Powell Gives Interview and TestifiesPowell dominated media news this week. On Sunday, the Fed Chair gave an interview to CBS news magazine “60 Minutes,” while on Tuesday, he testified before Congress. What did he say? In an...Read More
The real reason the gold/silver ratio has tended to fluctuate within a broad but well-defined range is that...by John Rubino of Dollar CollapseThere's a debate in gold bug circles over whether the price difference between gold and silver - the gold/silver ratio - tells us anything useful. Some skeptics, for instance, view the original gold/silver ratio of 15 - from America's 18th century bi-metal...Read More
RAPAPORT... India's diamond shipments declined heavily in March as the coronavirus crisis hit the US market. Polished exports slumped 48% to $960 million, while rough imports fell 65% to $293 million as Indian manufacturers demonstrated less demand. The country's total rough and polished trade fell 48% to $1.57 billion - the lowest monthly total since Rapaport records began in 2009.Exports of...Read More
RAPAPORT... The Israel Diamond Exchange (IDE) has reopened its trading floor following a two-month nationwide lockdown due to the pandemic.The hall will operate under a new format to comply with government health-and-safety rules, the IDE said Sunday. The measures include a divided floor, with one area for polished trading and another for rough. The bourse has also put a limit on the number o...Read More
(IDEX Online) - Alrosa has followed De Beers' example by announcing a significant cut to expected production this year, in response to COVID-19.The Russian state-owned miner's has revised down its 2020 forecast by as much as 17.6 per cent, from 34m carats to between 28m and 31m.Last month De Beers said it would reduce production this year from between 32m and 34m carats to between 25m an...Read More
(IDEX Online) - Billionaire Robert Kraft has auctioned off a ring containing 283 diamonds - to mark his NFL team's Super Bowl astonishing comeback victory - for $1.025m.Proceeds will go to the All In Challenge charity, to feed the hungry during the COVID-19 pandemic.Kraft, 78, made his fortune in paper and packaging, and bought the New England Patriots American football club in 1994.He...Read More
(IDEX Online) - The Israel Diamond Exchange (IDE) yesterday re-opened for "new normal" activity after 11 weeks of closure due to COVID-19. The huge trading floor (pictured) has been divided into separate rough and polished areas, the number of traders has been cut, and tables have been divided by transparent partitions. Anyone on the floor is required to wear a mask, keep a two-metre...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesChairman and CEO Dr Keith Barron said Aurania had recognised in March that a competitor had discovered a similar style of mineralisation to what Aurania found in the Cutucu Cordillera, 300km to theRead More
The TSX Composite Index is expected to open higher this morning in relatively light trading. The Index is expected to respond to strength in international equity markets as world economies begin to re-open. The Nikkei Average gained 1.73%. The DAX Index added 1.97%. S&P 500 futures advanced 0.93% despite no official trading on U.S. equity markets during the Memorial Day holiday. The Botto...Read More
Northern Dynasty Minerals (TSX: NDM) has welcomed a change of plan for its Pebble project in Alaska's Bristol Bay region, which would now include an all land-based transportation route to connect the proposed copper-gold-molybdenum-silver mine in southwest Alaska.On May 22, the U.S. Army Corps of Engineers (USACE) - the lead federal regulator for the Environmental Impact Statement (EIS) permitting...Read More
Manitou Gold (TSXV: MTU) has released initial drill results from the Rockstar vein within its 225-sq.-km Goudreau project in Ontario.This work is following up on last year's channel sampling program at the property. At the time, the program uncovered the vein over 100 metres of strike, with the gold-bearing unit grading 3 grams gold per tonne over an average width of 2 metres.Drill highlights from...Read More
Barrick Gold (TSX:ABX; NYSE:GOLD) will finally be able to ship gold concentrate containers out of Tanzania, which have been sitting at Dar es Salaam Port for three years due to a dispute over taxes between the country and the gold giant's now defunct subsidiary, Acacia Mining.The decision comes four months after reaching a deal with Barrick, which ended the tax row and granted the government a sta...Read More
AngloGold Ashanti (NYSE: AU) has temporarily closed its Mponeng mine in South Africa after 196 workers tested positive for COVID-19.The company has conducted 651 tests since the first COVID-19 case was detected at the mine last week, with the "vast majority" of those tested asymptomatic, the company reported.The cases were discovered as part of a screening, contact tracing and testing program at t...Read More
Gold rebounded on Friday as concerns about the economic fallout from the COVID-19 pandemic were compounded by fears of rising political tensions between China and the United States.Spot gold closed at US$1,732.70 per oz. on May 22, up from US$1,727.50 per oz. on May 21, after the Chinese government announced its intention to impose a national security law that criminalizes political dissent in the...Read More
NEW TOOLS IN ITS LATEST MICROMINE UPGRADESPONSOREDmicromineCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesThe flat price of the steel-making material offers few clues to the nickel revival which has seen the return of Australian inv...Read More