Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
(IDEX Online) - De Beers today reported sales of $450m at its latest cycle, in line with an expected lull due to Diwali. That figure, for Cycle 9, is down from $508m at Cycle 8 and $638m at Cycle 7, but is broadly in line with the same sales period last year ($438m).CEO Bruce Cleaver, CEO, De Beers Group, said: "We saw good demand for our rough diamonds during Cycle 9 with sales reflect...Read More
Aura picks up the pace on its pathway to uranium production at TirisSPONSOREDaura energy Women's Executive Network: Canada's Most Powerful WomenSPONSOREDonyen corporationBlue Sky's big ambitions for Patagonia's uranium resourcesSPONSOREDblue sky uraniumThere has been speculation BHP would return with a higher offer for OZ after the board of the copper miner slammed BHP's non-bindin...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade.Index futures improved slightly following release of the October U.S. Retail Sales report at 8:30 AM EST. Consensus was an increase of 0.8%. Actual was an increase of 1.3%. Excluding auto sales, October Retail Sales was expected to increase 0.4% versus a gain of 0.1% in September. Actual...Read More
It's time today to move on from politics and the midterm elections. This story is potentially bigger...The collapse of crypto exchange FTX is the biggest economic and financial story in the world today.Crypto may be arcane to most readers and is not well understood even by those who follow it closely. Still, it would be a mistake to think of this story as a niche development in a niche market.The...Read More
Two Vancouver-domiciled gold companies, Getchell Gold Corp. (CSE: GTCH; US-OTCQB: GGLDF) and Elevation Gold Mining (TSXV: ELVT; US-OTCQX: EVGDF), are making gains in their respective Nevada and Arizona-focused exploration drilling programs.Getchell announced on Nov. 15 that the results from a single hole had intersected several significant intervals of gold mineralization at the North Fork zone in...Read More
London-based multinational Anglo American (LSE: AAL) has reached an agreement with the Queensland government to supply all of its Australian power needs from wind and solar generation by 2025 and onwards.The 10-year deal will see Stanwell Corporation, a government-owned power utility, effectively remove all scope two emissions from Anglo American's steelmaking coal business in the country.Scope tw...Read More
Rock Tech Lithium (TSXV: RCK) released a prefeasibility study for its Georgia Lake lithium project in northern Ontario showing lower resource grades and a reduced net present value, while dropping a plan to build a refinery.The updated indicated resource comes to 10.6 million tonnes grading 0.88% lithium oxide, inferred resources of 4.2 million tonnes grading at 1% lithium oxide, the company annou...Read More
Troilus Gold (TSX: TLG; US-OTC: CHXMF) is selling a package of 1,824 claims covering 985 sq. km to Sayona Quebec, a subsidiary of Sayona Mining (ASX: SYA; OTC: SYAXF). The claims are adjacent to and near Sayona's North American Lithium (NAL) project that is returning to production early next year.Yesterday, Sayona offered details of its acquisition of the Vall?(C)e claims adjacent to NAL.In return...Read More
Mining giant BHP (NYSE: BHP; LSE: BHP; ASX: BHP) said on Wednesday the strike announced by unionized workers at its Escondida copper mine in Chile for Nov. 21 and 23, was based on false accusations.A union at the mine, the world's largest copper operation, said workers were concerned for their safety as BHP had allegedly failed to comply with legal regulations and the current collective agreement....Read More
Newcrest Mining (ASX, TSX, PNGX: NCM) said on Wednesday it has resumed operations at its Brucejack gold-silver mine in Canada, which has been closed since late October following the death of a worker.Australia's largest gold producer said that during the three-and-a-half weeks Brucejack was suspended, it reviewed the operation to identify major hazards and corresponding critical controls to preve...Read More
This week's episode features Integra Resources CFO Andr?(C)e St-Germain in conversation with Northern Miner Group president Anthony Vaccaro at the Mining Legends Speakers Series in Vancouver. Andr?(C)e shares the lessons she's learned as an executive in the mining industry ("Don't invest your bonus in mining stocks"), as well as her views on how women can be better mentored in mining, and how movi...Read More
Alamos Gold (TSX: AGI; NYSE: AGI) has extended the high-grade mineralization at the Puerto Del Aire (PDA) satellite deposit beyond existing reserves and resources of the Mulatos mine in Sonora state, Mexico.The company encountered the mineralization within a 200-metre gap between the PDA1 and PDA2 zones, highlighting the potential for further resource expansion. Many intercepts were well above the...Read More
I-80 Gold (TSX: IAU; NYSE: IAUX) has received promising results from the first four holes drilled to follow up the recently discovered Hilltop zone confirmed high-grade, polymetallic CRD (carbonate replacement) mineralization at the company's 100%?EUR'owned Ruby Hill property in Nevada.Highlighted results, all from the Upper Horizon area of the Hilltop target, include bonanza grades of 60.2 grams...Read More
Argonaut Gold (TSX: AR) on Tuesday reported the death of a contractor at its Magino project in northern Ontario.The company is working with authorities to investigate an isolated incident Monday morning at the mill's construction site, it said in a news release."The loss of this individual is a shock to us all," Larry Radford, Argonaut president and chief executive officer, said in the release. "W...Read More
West Africa-focused gold miner Centamin (TSX: CEE; LSE: CEY) unveiled on Tuesday that ore mining rate at its flagship Sukari gold mine in Egypt could grow by 31% if operations are expanded underground.Based on a report by Australian consultants Entech, Sukari's capacity has the potential to reach 1.5 million tonnes per year of total ore mined. This represents a 31% increase from the current life...Read More
Rich nations led by the U.S. and Japan have pledged to give Indonesia a US$20-billion package to help the coal-dependent country shift to renewable energy and reach carbon neutrality by 2050.The deal put forward by the Just Energy Transition Partnership (JETP), which includes the U.S., Japan, Canada, the U.K., the EU and several European countries, including and Norway, has been more than a year...Read More
Welcome to our weekly feature, TNM Drill Down, focusing on the top gold assays of the past week. Assays are ranked by gold grade x width, as identified by our sister company Mining Intelligence.This week's top drill assay comes from Canada-based Skeena Resources' (TSX: SKE) Eskay Creek project in British Columbia. The company reported on Nov. 8 that hole SK-22-1122 returned an intercept of 24 metr...Read More
The government of Panama set on Monday a deadline for Canada's First Quantum Minerals (TSX: FM) to ink a long-awaited contract that allows the company to keep running its flagship Cobre Panama copper mine.The Vancouver-based miner and the Ministry of Commerce and Industries of Panama began negotiations to renew the contract for the mine in September 2021. An agreement was reached in January, when...Read More
NEAR MATAGAMI, QUEBEC- Maple Gold Mines (TSXV: MGM; US-OTC: MGMLF) is in "advanced and detailed" talks with three potential acquisitions as it seeks to nearly double its contained gold resources, chief executive officer Matthew Hornor says. The Vancouver-based explorer wants to lift its total indicated and inferred contained metal resource to more than 5 million oz. from about 3 million oz., H...Read More
Aris Mining (TSX: ARIS; US-OTC: TPRFF) has released an updated prefeasibility study for an expansion of its Marmato gold mine, which includes a boost to resources and reserves since the last study dated March 2020.Aris operates the Marmato mine located in Colombia's Caldas Department, roughly 80 km south of Medellin. This underground operation comprises two mining areas: the upper mine between 1,0...Read More