Cigar Lake underground uranium mine, Saskatchewan, Canada. Source: Cameco.com Cameco has announced that it is resuming production at the uranium hexafluoride (UF6) plant within its Port Hope conversion facility and its Blind River refinery in Ontario. The two operations are planned to restart the week of May 18 and ramp-up to full production by the week of May 25.On April 8, the company announce...Read More
Nordberg HP900 cone crusher Credit: Metso Metso has introduced the Nordberg HP900 series cone crusher for the aggregate and mining markets.The HP900 is designed to bring operators increased performance at reduced capital costs and is an upgrade to the well-known HP800 cone crusher that has more than 175 installations with approximately 80% of the parts compatible between the two models. HP900 co...Read More
Image from Team 1305. On April 3, Vale (NYSE: VALE) launched a covid-19 challenge in Canada to help generate innovative solutions during the pandemic by offering financial support of up to C$1 million. Nearly 1,800 solutions were submitted globally and over 300 came from Canada."The participation on this initiative was incredible, exceeding my expectations and is a great example of how open inn...Read More
Aurora gold mine, Guyana. (Image courtesy of Guyana Goldfields) Gran Colombia Gold (TSE: GCM) has announced that it has signed a definitive agreement for a business combination with Gold X Mining. The company has also submitted a proposal to acquire Guyana Goldfields in an all-share deal, which, on April 27, announced a $105-million cash-and-stock sale to China-focused Silvercorp Metals.The...Read More
Dixie Lake drilling in Ontario's Red Lake District - Image courtesy of Great Bear Resources. Great Bear Resources (TSX: GBR) announced on Monday that it has intersected the deepest and highest-grade interval to date on its flagship Dixie gold Project in the Red Lake district of Ontario.The company said that drilling intersected deep extensions of the Dixie Limb around 740 metres below surface and...Read More
Capitan is in a district near a town called Penoles where the Jesus Maria, San Raphael and Capitan mines were previously operated, although the plan is not to restart the former mines.Read More
The diversified miner made the response among a series of answers to shareholder questions which were posed in writing this year, due to the COVID-19 restrictions on its annual general meeting last week. Anglo American said its thermal coal operations in South Africa constituted a "strong and attractive" business but the company had been reducing its thermal coal production footprint f...Read More
The raising comes with an underwritten institutional placement with JP Morgan, Merrill Lynch and Macquarie for $600 million, with the new shares amounting to 18.6% of issued shares. A further $75 million would be sought in the form of a non-underwritten share purchase plan. If demand is high, Incitec may expand the SPP. The placement is priced at $2 per share, around a 10% dis...Read More
Share this articleVANCOUER, B.C. - SSR Mining Inc. and Alacer Gold Corp. have signed a deal to merge operations.Under the all-stock deal, Alacer shareholders will receive 0.3246 SSR Mining shares for each Alacer share held. The exchange ratio implies a value of $8.19 per Alacer share, based on closing prices Friday.The combined company will continue as SSR Mining and be headquartered in Denver. SS...Read More
Elon Musk had a baby last week. And he named it X ?+ A-12...I feel like those words should be the opening to a story about Elon Musk inventing a new type of rocket engine or 200-mph passenger submarine. But, no. Elon Musk and his girlfriend, singer Grimes, had a literal baby and named it X ?+ A-12.As you can imagine, the unusual name sparked a flurry of online discussion and debate with social med...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanChief Strategist, Enriched Investing Inc.Phone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12May 11, 2020 "The dead outnumber the living fourteen to one, and we ignore the accumulated experience of such a huge majority of mankind at our peril." Niall Ferguson, Scottish born historian, senior fellow...Read More
By Rob KirbyIn recent interviews I have "borrowed" a descriptive I originally heard from Chris Martenson explaining the effect of compound interest and exponential growth. The descriptive involved picturing Yankee Stadium and beginning with a drop of water and doubling the amount of water until the stadium was full. Regarding the compounding visual - I misspoke somewhat when I originally exp...Read More
By Stefan GleasonThe forces of deflation and inflation continue to tug at the economy simultaneously.The pressures on both sides are huge.On the deflation side, jobs, industrial demand, and the small business lifeblood of communities are contracting at an unprecedented pace. Meanwhile, trillions in credit card, auto, student loan, and mortgage debt that props up consumer spending and home values...Read More
Strengths? The best performing metal this week was silver, up 3.34 percent. Gold rebounded on Thursday to steady around $1,700 an ounce as economic data worsened. Unemployment surged to nearly 15 percent in the U.S. Bloomberg notes that the number of Americans filing for unemployment was above 3 million for the seventh straight week, boosting demand for havens as the economic sit...Read More
The deflation and depression is right here, right now, and if you don't believe that, try asking some of the 30 million people who just lost their jobs in the US or those who (used to) work in the catering and tourism industries.The Fed is reacting to this situation by working to create hyperinflation because it finds it preferable to a deflationary implosion. There are two reasons for this - on...Read More
By Gary TanashianAs we noted in March while it was happening the sentiment environment became terror-stricken. Not fearful. Not over-bearish. Not even a contrarian extreme. Market sentiment was marked by full frontal terror as indicator after indicator (ref. Sentimentrader's historic readings week after week) got slammed to epic over-bearish proportions.Into the breach sprang the Treasury (i.e....Read More
By Richard (Rick) MillsCleaner skies owing to covid-19 lockdowns appear to be the silver lining of the global economy crashing to a sudden halt in March. In fact new evidence shows that high-polluting energy sources were on the wane, even before the coronavirus pandemic. According to the International Energy Association (IEA), fossil fuel usage in electricity generation dropped by 245 tera...Read More
COLORADO SPRINGS, CO, May 11, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE ?EUR' Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced multiple ore grade intercepts from its phase two drill program at the "Scarlet" target located 400 meters northwest of its operating Isabella Pearl mine in Mineral County, Nevada (see map). Near surface ore grade gold intercepts included 12...Read More
Technical expert Clive Maund explains why he believes gold and silver are powering up for a stratospheric advance. The deflation and depression is right here, right now, and if you don't believe that, try asking some of the 30 million people who just lost their jobs in the U.S., or those who (used to) work in the catering and tourism industries.The Federal Reserve is reacting to this situation by...Read More