Aerial view of the deposit area of the Kwanika Project. Source: Serengeti Resources Inc.Serengeti Resources Inc. [SIR-TSXV; 34S-FSE] was an active trader Tuesday November 13 after the company released drilling results from the Kwanika Project in north-central British Columbia.The company said the assay results are from a 2018 drilling campaign that is part of an ongoing pre-feasibility study that...Read More
The San Jose Mine in Santa Cruz, Argentina. Source: McEwen Mining Inc.McEwen Mining Inc. [MUX-TSX, NYSE] has entered into an equity distribution deal with a group of underwriters in connection with a common share offering that could raise up to US$90 million, the company said.McEwen said the agreement, dated November 8, is with an underwriting group that includes UBS Securities, LLC, BMO Capital M...Read More
?EUR? Intervals are presented in core length; holes are generally planned to intersect mineralization as close to perpendicular to strike as possible with true widths are estimated to be 75%-85% of downhole length when hole and dips of the mineralized horizons are considered.?EUR? Assays presented are not capped. Intercepts occur within geological confines of major zones but have not been correlat...Read More
CALGARY - TransCanada Corp. says it doesn't know when it will be able to build its Keystone XL pipeline after a Montana judge stopped it last week but it is confident the project will make money once it is built and in service.It's too soon to say what the decision by U.S. District Judge Brian Morris last Thursday will mean to the timeline and cost of the pipeline, Paul Miller, liquids pipeline pr...Read More
Last month, the general consensus was that oil prices were heading for $100 a barrel.But then the bottom fell out, and oil dropped by 20% to $60 a barrel. What happened? It was the old whipsaw.At first, investors thought Iran sanctions would go into effect and take 2.5 million barrels off the market.The sanctions did go into effect, but there were also eight country waivers that made the sanctions...Read More
Back in 2104 oil was falling and hundreds of billions of dollars of energy junk bonds and leveraged loans looked to be at risk. Wolf Street had this to say at the time:Oil and Gas Bloodbath Spreads to Junk Bonds, Leveraged Loans. Defaults NextThe price of oil has plunged nearly 40% since June to $65.63, and junk bonds in the US energy sector are getting hammered, after a phenomenal boom that peake...Read More
Following the election, the press has been in search of common ground.The problem is it is looking for it in the wrong way.There is a lot of talk about infrastructure being a prime target for bipartisan compromise.I don't buy it. At least not the way it is being presented, and not the infrastructure being talked about.Here is why: Infrastructure is being discussed by both parties, and the end goal...Read More
RIP Stan Lee...China had an extremely exuberant session overnight with CHINEXT (China's small cap/tech index) exploding almost 3.5% higher...Read full newsRead More
Two miles below Earth's surface, scientists found animal life in a South African gold mine. They wonder: If life can exist there, could it exist on Mars?Read full newsRead More
"Stay tuned to @ArcticStarExpl - This could be Finlands premier diamond play -right in the same crater as the grib! https://t.co/zjgIWY6yBz#ArcticStar $ADD $ADD.CA $ADD.V #Finland #Diamond #Mining #smallcap #momentumstocksUnderstanding diamond clarity: https://t.co/NV5KdhHdvj"Read full newsRead More
CloseGain/LossGold $1201.50-$8.40Silver$14.01-$0.16XAU62.65-2.36%HUI140.33-2.15%GDM519.17-2.03%JSE Gold1096.10-2.01USD97.59+0.69Euro112.21-1.18Yen87.97-0.06Oil$59.93-$0.2610-Year3.184%-0.006T-Bond138.53125+0.625Dow25387.18-2.32%Nasdaq7200.87-2.78%S&P2726.22-1.97% The Metals: Gold fell $5.90 to $1204.00 in Asia before it rebounded in London, but it then fell to a new session low of $1200.70...Read More
Gold needs to trade over $1205 to prevent a crash. Silver needs to trade over $1402 to prevent a crash. Direction of the US dollar will be the key. Crude oil should rise as oil producing nations prepare for oil production cuts. It seems crude oil producing nations want the average nymex crude oil price to be over $66. Over shooting will happen whenever there is more global demand like the Chri...Read More
According to research released yesterday, small-scale gold mining has led to the destruction of more than 170,000 acres of primary rainforest in the Peruvian Amazon over the past five years. Scientists based in Peru's Madre de Dios region at Wake Forest University's Center for Amazonian Scientific Innovation (CINCIA) say they've developed a new method for [...]Read full newsRead More
Several gas pipelines had been damaged after a fire broke out at the plant.Read full newsRead More
The US Treasury said the Iranian Central Bank has been officially cut off the SWIFT financial messaging system. The disconnection, which comes at a time when Iran's economy is reeling and its currency is tumbling as a result of restricted oil exportsRead full newsRead More
"European banks in 2018...RBS: -15%Barclays: -17%UBS: -22%Santander: -25%Credit Suisse: -28%ING: -29%BBVA: -33%Deutsche Bank: -48%"Read full newsRead More
"AREV BRANDS INTERNATIONAL LTD. ANNOUNCES ASSET PURCHASE AGREEMENT COMPLETED TO BARE TOPICALS FROM ALTERNATIVE EXTRACTS INC. -- #AREV #ArevInternationalBrands #momentumstocks $AREV $AREV.CA #ACMPR #SmallCaps #MarijuanaStocks --Read the News Release here: https://t.co/eugrPb0TY8"Read full newsRead More
A South African gold mine that goes two miles beneath the Earth's surface holds far more than just precious metalsRead full newsRead More
A South African gold mine that goes two miles beneath the Earth's surface holds far more than just precious metalsRead full newsRead More
RNC Minerals Corporation (TSX: RNX) today reported production at the Beta Hunt Mine in western Australia. Beta Hunt produced 13,497 mined gold ounces for the month of October 2018 at an average grade of 9.06 g/t.Year-to-date October 31, 2018 mined gold ounces was 71,957, an increase of 60% versus the prior year period, including 25,355 ounces thus far from the Father's Day Vein and a total of 30,1...Read More