Australia's Resolute Mining (ASX:RSG) said Wednesday it had added three years to the mine life of its Ravenswood gold operation in Queensland thanks to an expansion project and the reception of all required approvals to optimize processes.The updated expansion, which includes building an open pit at the site, is expected to deliver 1.5 million ounces of gold production over 13 years.Ravenswood is...Read More
Australia's Lucapa Diamond (ASX:LOM) has found yet another large sparkler at its prolific Lulo mine in Angola - a 114-carat diamond, the eleventh 100-plus carat diamond recovered to date and the third this year.The 114-carat diamond is the eleventh 100-plus carat recovered to date and the third this year.The company said the stone will be added to an inventory of large diamonds being held for sal...Read More
Australia's Lucapa Diamond (ASX:LOM) has found yet another large sparkler at its prolific Lulo mine in Angola - a 114-carat diamond, the eleventh 100-plus carat diamond recovered to date and the third this year.The 114-carat diamond is the eleventh 100-plus carat recovered to date and the third this year.The company said the stone will be added to an inventory of large diamonds being held for sal...Read More
11 July 2018 - Johannesburg: SRK Consulting announces with great sadness the passing of Dr Oskar Steffen - one of the three founders of the global firm of consulting engineers and scientists - on Wednesday 27 June in Johannesburg; he was 77 years old.Oskar was born in Swaziland, where he spent his youth and completed his schooling. He left for Johannesburg in 1956 to study civil engineering at Wit...Read More
Osisko Mining (OSK:TSX) traded up after on a down market day after announcing drill results at its Windfall Lake gold project located in the Abitibi greenstone belt. As of mid-morning eastern time the company was up 2.54 per cent to $2.02 a share while the TSX was off -.53 per cent. The company drilled 20.4 grams per tonne gold over 28.3 metres including 44.5 g/t over 10.0 metres, 81.1 g/t over 4....Read More
Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM"), is pleased to announce that Tacoma-based cupcake shop, hello, cupcake has made the switch away from petroleum-based PET to good natured (R)'s plant-based materials.For Allix Zemcik, owner of hello, cupcake, taking the proactive step to switch to good natured (R) plant-based packaging was about more than r...Read More
Madsen Project headframe, mill and tailings facility near Red Lake, Ontario. Source: Pure Gold Mining Inc.Pure Gold Mining Inc. [PGM-TSXV; LRTNF-OTC] has extended the Madsen decline by 87 metres and commenced test mining within the first of two planned stopes from the McVeigh zone. The 100%-owned Madsen Gold Project is located 16 km west of Red Lake northern Ontario.Mining through 13 metres of n...Read More
Dyke 1 pegmatite exposed in an historic trench on the Zoro lithium property in Manitoba. Source: Far Resources Ltd.Far Resources Ltd. [FAT-CSE; FRRSF-OTC; F0R-FSE] has received the first ever resource estimate for Dyke 1 on its Zoro lithium property located in mining friendly Manitoba. Dyke 1 contains an inferred resource of 1,074,567 tonnes grading 0.91% Li2O, 182 ppm beryllium, 198 ppm cesium, 5...Read More
Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,417.32, down 131.40 points)Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up three cents, or 0.56 per cent, to $5.43 on 14.3 million shares. JetBlue Airways Corp. ordered 60 of the Airbus A220-300 aircraft, formerly named C Series, for delivery starting in 2020 with the option...Read More
It's usually quiet in the office in the morning. Lately, however, there's been something in the air. My colleague, Luke Burgess, hit the nail on the head when he told you Monday that oil was heading higher... much higher. Now, whether or not a super-spike truly takes place and we suddenly find ourselves buying a barrel of West Texas Intermediate for $150 remains to be seen.It sounds a bit too clos...Read More
July 11, 2018 (Investorideas.com Newswire) The company met production targets and achieved steady-state production at Brucejack.Pretium Resources Inc. (PVG:TSX; PVG:NYSE) recently reported second quarter gold production results which are:111,340 ounces of gold produced14.9 grams per tonne gold mill feed grade97.7% gold recovery rate236,990 tonnes of ore milled2,604 tonnes per day ore milled"With m...Read More
Vancouver, British Columbia - July 11, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Fjordland Exploration Inc. (TSXV: FEX) ("Fjordland") and project partners Commander Resources Ltd. (TSXV: CMD) ("Commander") and privately-owned High Power Exploration Inc. are pleased to announce that they have begun the 2018 phase 1 drill program at their South Voisey's Bay Project (the "SVB Property"), loc...Read More
July 11, 2018 (Investorideas.com Newswire) A Canadian diamond explorer finds micro-diamonds in Western Australia, leading to its $2 million drill project for 2018.Lithoquest Diamonds Inc. (LDI:TSX.V; CWVWF:OTCPK), a Canadian diamond explorer, became public through a reverse takeover late last November. The decision was driven by original volcanic findings in 2007 that could lead to long-term diamo...Read More
Vancouver, British Columbia - July 11, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Alto Ventures Ltd. (TSXV: ATV) is pleased to announce that summer exploration worked has started on the Miner Lake and Brookbank East properties in the Beardmore-Geraldton gold camp in Ontario. Surface exploration at Miner Lake includes geological mapping, detailed structural mapping, prospecting, sampling, a...Read More
Vancouver, British Columbia - July 11, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Forum Energy Metals Corp. (TSXV: FMC) ("Forum") has reached an understanding as to the fundamental terms of an Agreement to acquire a 100% interest in the Quartz Gulch cobalt property located in the Idaho Cobalt Belt from a private vendor (the "Vendor").The Quartz Gulch claim block consists of 56 claims total...Read More
Colorado School of Mines' Hyperloop team is headed to the 2018 SpaceX Hyperloop Pod Competition next week and CBS4 Denver stopped by to check in before DiggerLoop leaves for California.This is the second year in a row that Mines will send a team to the international collegiate competition. A total of 20 teams will face off in the main event July 22 at SpaceX headquarters.Read More
Deals in the cannabis space are now coming fast and furious.So much so that I've had to budget more daily time to reading dealflow news.The reason is simple: Canada recently legalized recreational cannabis nationwide. It is the first major industrialized nation to do so and, the thinking goes, dominoes will now fall across the world.As such, established weed companies have gone on buying sprees as...Read More
CloseGain/LossGold $1255.50-$2.70Silver$16.06-$0.05XAU83.54+0.31%HUI179.70+0.49%GDM629.57-0.03%JSE Gold1077.79+1.72USD94.14+0.04Euro117.47UNCHYen89.92-0.34Oil$74.11+$0.2610-Year2.863%+0.002T-Bond145.0625-0.0625Dow24919.66+0.58%Nasdaq7759.20+0.04%S&P2793.84+0.35% The Metals: Gold fell $10.80 to $1247.40 in London before it bounced back higher in New York, but it still ended with a loss of 0...Read More
- "Chaotic" Brexit more likely after Davis, Johnson resignations from UK government- London's rivals are slowly carving chunks out of its financial services business- UK's Brexit options are increasingly unappealing which may pressure the pound- Already Frankfurt, Paris, Luxembourg and Dublin seeing more foreign direct investment and financial services jobs- Risk of "death by a thousand cuts"...Read More
Political developments in the UK and the NATO summit will affect currencies as well as metals and energies. If gold and silver fall today, then physical buyers will be absent as they will be waiting for more correction. Today and tomorrow are crucial days for gold, silver and copper. They need to float over current prices to rise further. Sharp short-term corrections (if any) in gold and silver...Read More