Recent News

CIBC initiates coverage of Equinox Gold

September 07, 2018 /

CIBC has launched coverage of junior developer Equinox Gold (TSXV: EQX) with an outperform rating and a 12-18 month target price of $1.30 per share.The stock is currently trading at $1.07.The company, with assets in Brazil and California, was formed late last year through a three-way merger of Trek Mining, Newcastle Gold and Anfield Gold.Equinox expects to pour first gold from its Aurizona project...Read More

Gold Consolidation Continues

September 10, 2018 /

The metals continue to consolidate, giving more indications that the bottoms could be in. The consolidation phase is always the most challenging for traders. It is the time of most uncertainty. This phase may create false starts and stops because of the confusion. Consolidation is also known as the birth of markets and all markets go through this phase about 65% of the time. As we have written the...Read More

Newmont can't get enough of Colombia, buys 19.9% of Orosur

September 10, 2018 /

World's second largest gold producer Newmont Mining (NYSE:NEM) has acquired 19.9% of Canadian gold junior Orosur Mining (TSX, AIM:OMI), which recently closed operations in Uruguay and Chile to focus on Colombia.Through a placement worth $2 million, Newmont has acquired 29.2 million commons shares at a price of C9.1c (6.9 cents) each. The exploration and option agreement includes a three-phase earn...Read More

Highest-grade gold mines in 2017

September 10, 2018 /

Gold has been and still is a favored investment commodity around the globe. But in today's challenging mineral commodity markets, investors are highly sensitive to a mine's production costs.Gold grade is a profitability driver for a mine; lower ore grades have a significant impact on production costs.According to GFMS' 2013 Gold Survey, the large increase in cash costs for the top gold miners in t...Read More

GT Gold's stocks soar following drill results at Tatagota

September 10, 2018 /

Vancouver- based GT Gold's (TSX.V: GTT) stock is trading at 75 cents following a discovery at the Saddle North target on its Tatogga property in BC's Golden Triangle.At market close, GT Gold's stock had risen 44 per cent. "The hole results and visual intercepts indicate possibly the most important new copper-gold-silver porphyry discovery in the northern part of the Golden Triangle"The 79-metre d...Read More

'Will I come back dead?' Human costs of South African gold

September 10, 2018 /

(Bloomberg) - After more than two decades of improving mine safety since the end of apartheid, South Africa's progress has stalled with an increase in gold-mining deaths.More than 50 people have died in the country's mines in 2018, roughly the same number as this time last year. While annual death tolls are far lower than the 615 in recorded in 1993 - the last full year of apartheid - 2017 witness...Read More

Tahoe aims to work 'in good faith' to restart Guatemala mine

September 10, 2018 /

Sept 10 (Reuters) - Tahoe Resources Inc will work closely with Guatemalan officials and locals to resolve a dispute and resume operations at its flagship Escobal silver mine, one of the world's largest, Chief Executive Jim Voorhees said on Monday.Guatemala's Constitutional Court last week upheld the suspension of licenses at Escobal mine. The ruling was "disappointing" and "not the outcome we expe...Read More

Silver Mining Stocks SIL ETF Q2'18 Fundamentals / Commodities / Gold and Silver Stocks 2018

September 03, 2018 /

The major silverminers’ stocks have been thrashed, pummeled to brutal multi-year lows.  They suffered serious collateral damage assilver plunged on gold’s breakdown, driven by crazy-extreme all-time-recordsilver-futures short selling.  All thistechnical carnage left investors reeling, devastating sentiment.  The silver miners’ recently-reported Q2’18results r...Read More

Pacton Gold Further Increases its Land Position in Western Australia Pilbara by Acquiring Rights to Gold-Bearing Co...

August 27, 2018 /

"Pacton Gold Further Increases its Land Position in Western Australia Pilbara by Acquiring Rights to Gold-Bearing Conglomerate Portfolio @PactonGold"Read full newsRead More

Newmont makes strategic investment in Evrim Resources

August 29, 2018 /

Shares of Evrim Resources (TSXV: ERM) surged 18.5% to $1.28 on news that Newmont Mining (NYSE: NEM) is acquiring 4.85 million shares of the company at $1.50 per share for a 5.2% stake.It's the first time Newmont has taken a position in the junior, although the two companies have been working together on generative exploration in North America for the last year, and had an earlier exploration allia...Read More

Golden Ridge makes discovery in Golden Triangle

August 28, 2018 /

Larry Nagy has covered a lot of ground since graduating with a degree in geological sciences from the University of Saskatchewan in 1966.As a director of Delaware Resources he was responsible for Delaware's acquisition and development of the SNIP property, a gold project in B.C. that he originally identified for re-staking in his earlier career at Cominco. He also served as a director of Calpine R...Read More

Reduced cobalt electric car batteries delayed amid price fall

August 24, 2018 /

The cobalt bluesSince hitting near decade highs in March, battery raw material cobalt is down by more than a third as new supply from the Congo, responsible for the bulk of cobalt mining, enter the market.Cobalt sulphate prices, the refined form commonly used in the battery supply chain, has also succumbed and is trading at its lowest level since November 2017.Cobalt is by far the priciest compone...Read More

Aben Closes $4.28 Million Private Placement Financing Led by Eric Sprott @Aben_ABN

August 21, 2018 /

Aben Resources Ltd. (TSXV:ABN, OTCBB:ABNAF, FRA:E2L2) (Frankfurt: E2L2) ("Aben" or the "Company") is pleased to announce it has closed its previously announced non-brokered private placement financing (see news release dated August 15, 2018) for aggregate gross proceeds of approximately CAD $4.28 million.Read full newsRead More

Great overview of $FPX.V with @duediligenceguy interviewing our CEO Martin Turenne at the recent @sprottmedia confe...

August 22, 2018 /

"Great overview of $FPX.V with @duediligenceguy interviewing our CEO Martin Turenne at the recent @sprottmedia conference in Vancouver"Read full newsRead More

Rockhaven updates Klaza resource with higher grades

August 23, 2018 /

Rockhaven Resources (TSXV: RK; US-OTC: RKHNF) is pushing ahead at its Klaza gold project in the southern part of Yukon's Dawson Range gold belt, updating metallurgy and resources while trying to demonstrate the potential of the project."We're kind of everything people are looking for in an exploration project," company president and CEO Matt Turner says from Dawson, Yukon, at a conference in late...Read More

CEO Interview: Where Aben Resources Goes From Here

August 14, 2018 /

Publisher's Note: Today we're bringing you part two of an interview our junior mining expert and editor of Junior Mining Monthly and Junior Mining Trader, Gerardo Del Real, recently landed with President and CEO of Aben Resources (TSX-V: ABN)(OTC: ABNAF), Mr. Jim Pettit.Aben Resources recently released truly unique drill results that have already driven share prices up 70%. That may only be the st...Read More

Auryn Resources starts drilling at Homestake

August 17, 2018 /

Mr. Ivan Bebek reportsAURYN COMMENCES DRILLING AT HOMESTAKE RIDGE GOLD PROJECT AND PROVIDES UPDATE ON DRILLING PROGRESS AT COMMITTEE BAYDrilling has commenced at Auryn Resources Inc.'s 100-per-cent-owned Homestake Ridge project located in northwestern British Columbia. The program, which began on Aug. 7, 2018, consists of approximately 3,000 metres of core drilling to target gold mineralization al...Read More

Aben Resources adds Eric Sprott as strategic shareholder

August 18, 2018 /

Aben Resources (TSXV: ABN; US-OTC: ABNAF) is expanding its exploration and drilling program this year at its Forrest Kerr gold project in B.C.'s Golden Triangle with the help of a $2 million investment from financier Eric Sprott.The financing follows assays released earlier this month from the first drill hole of the year, which returned four separate high-grade intervals within 190 metres downhol...Read More

Gold Fields plans to slash jobs in mine restructure

August 14, 2018 /

It is expected that around 30% of the workforce will be cut.Read full newsRead More

Copper price falls as China investment grows at slowest pace on record

August 14, 2018 /

Source: BloombergCopper continued to decline on Tuesday to touch its lowest in 13 months after disappointing economic numbers from top consumer China and the possibility of an averted strike at the world's biggest mine conspired to push the price of the orange metal lower.Copper fell 2% to $2.6770 a pound or $5,902 a tonne on the Comex market in New York bringing its losses over just two months of...Read More