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
New Found Gold (TSX-V: NFG, NYSE-A: NFGC) says new drilling expands its Keats West discovery in the Queensway project of central Newfoundland. Hole NFGC-22-773 intersected 18.6 grams gold per tonne over 15.95 metres with mineralization starting at a vertical depth of just 8 metres, the company said in a news release on Wednesday. The new intercept is located up the sloping formation from two...Read More
SolGold (TSX: SOLG; LSE: SOLG) announced Wednesday that certain investors, including China's Jiangxi Copper (Hong Kong) Investment Co.. have agreed to purchase 180 million shares of the company at a price of US20 ? per share for gross proceeds of US$36 million.Among the new investors, Jiangxi Copper is expected to purchase 155 million shares. Once the financing closes (subject to due diligence wit...Read More
Camino Minerals (TSXV: COR; US-OTC: CAMZF) has announced high solubility results over significant copper oxide intercepts in the Lourdes zone at its Los Chapitos property in Peru. Lourdes is one of several new zones identified by the company to target additional drilling campaigns to expand known copper mineralization at Los Chapitos for an envisioned copper oxide heap-leach mine."A copper oxide...Read More
Mountain Province Diamonds (TSX: MPV) has found a new kimberlite on the claims and leases surrounding its Gahcho Ku?(C) joint venture operation in the Northwest Territories, about 280 km northeast of Yellowknife.The company owns a 49% stake in the mine, with De Beers owning 51%. The new KE kimberlite is a distinct occurrence that is located about 450 metres east of the Kelvin kimberlite, the Tor...Read More
Amarc Resources ( TSXV: AHR; OTCQB: AXREF) has signed an earn-in agreement with the Boliden Group whereby the Swedish major can earn up to a 70% ownership in the DUKE copper-gold district by funding $90 million in exploration and development expenditures on the project.Amarc's 678 sq. km DUKE District is 80 km northeast of Smithers within the Babine Region, one of B.C.'s most prolific porphyry cop...Read More
Lion One Metals (TSXV: LIO; US-OTCQX: LOMLF; ASX: LLO) continues to expand the Deep Feeder Zone 500 at its Tuvatu alkaline gold project in Fiji.The latest assay results reveal how the company traces bonanza-grade intercepts in a new feeder zone. It is interpreted as confirming a significant vertical extension and proving the continuity of the URW3 mineralized zone, which occurs on the western marg...Read More
A new shallow-depth gold discovery at Skeena Resources' (TSX: SKE; NYSE: SKE) Eskay Creek project means the open-pit concept could be expanded and offer greater returns than initially thought, the company and analysts said. Drilling at the project in northwestern British Columbia's Golden Triangle area found rhyolite-hosted mineralization about 200 metres east of the site's 22 Zone at a vertica...Read More
This week's episode features the Thought Leadership panel at the Global Mining Symposium, featuring Jean-Marie Clouet, Corporate Director, Investor Relations, Agnico Eagle Mines; Stephen Crozier, Vice President, Sustainability, Noront Resources; Kevin D'Souza, Chief Sustainability Officer, Resource Capital Funds; Pierre Gratton, President and CEO, Mining Association of Canada (MAC); and moderator...Read More
SolGold (TSX: SOLG; LSE: SOLG) announced Tuesday that it will delay the Cascabel feasibility study and Porvenir preliminary economic assessment (PEA) due to the evolving capital cost environment and its study of value-enhancing opportunities."Our top priority is to allocate our human and capital resources efficiently to unlock shareholder value," said interim CEO Scott Caldwell, who took on the jo...Read More
Dor?(C) Copper Mining (TSXV: DCMC; US-OTC: DRCMF) says drilling at its Corner Bay copper project in Quebec will help expand its mineral resource estimate as it aims to complete a feasibility study in 2024. The Toronto-based company finished almost 40,000 metres of drilling this year at the site about 500 km northwest of Quebec City, it said in a news release on Tuesday.Drilling highlights from th...Read More
Condor Gold (TSX: COG; LSE: CNR) has decided to put its flagship La India open pit gold project in Nicaragua up for sale, preferably to a gold producer with mine building expertise.The miner said the board reviewed the company's options, including going through financing and construction phase as a single-asset, single-jurisdiction company with no existing gold production.It concluded, howev...Read More
Canadian explorer Sigma Lithium (TSXV: SGML; NASDAQ: SGML) is on track to finish construction of the first phase of its Grota do Cirilo lithium hard rock project in Brazil by the end of this year.In a call with investors held Monday, co-chief executive Ana Cabral-Gardner said the company will start commissioning the crushing plant by year-end, with commercial production expected in April, 2023.S...Read More
Next year is looking to be a pivotal one for HeliosX Lithium & Technologies Corp. (TSXV: HX; US-OTCQB: HXLTF) as it plans to mobilize drills and equipment to its Nevada and Alberta-based assets. The Calgary-based company is eager to put some more concrete data behind the theses underpinning its portfolio, says CEO Christopher Brown in an interview with The Northern Miner.The executive says HeliosX...Read More
On a 35-minute helicopter ride from Guyana's capital of Georgetown to Reunion Gold's (TSXV: RGD) Oko West project in the Cuyuni mining district, it's easy to see where the South American country got its nickname - the land of many waters. We fly over the Demerara River and the mighty Essequibo River which leads down to Bartica - a town of 20,000 that's also a gold mining gateway and lies at the co...Read More
The S&P/TSX Venture Composite Index retreated by 23.9 points or 4% over the Nov. 14-18 trading session to end at 575.88.Among only a handful of value gainers this week was Cornerstone Capital Resources, which added 42 ? to close at $4.25 per share. SolGold in October agreed to acquire all the outstanding shares of Cornerstone it does not already own by way of a court-approved plan of arrangement....Read More
Stocks fell slightly over the Nov. 11-18 trading period as energy stocks suffered from European oil and natural gas inventories approaching capacity and tech companies like Amazon announced layoffs, while better-than-expected retail sales and some corporate earnings helped temper losses. The S&P/TSX Composite Index shed 130.6 points or 0.6% to 19,980.91. The S&P/TSX Global Mining Index decreased...Read More
U.S. markets showed a modest decline over the Nov. 14-18 trading week as mixed data on inflation and retail sales were balanced by positive earnings in both the consumer cyclical and technology sectors. The Dow Jones Industrial Average fell 2.17 points to 33,745.69 and the S&P 500 dropped 27.59 points or 0.7% over the week to 3,965.34. Shares of Gold Fields slipped 7% to US$10.58 as investors di...Read More
Ghana plans to buy oil with gold instead of U.S. dollarsRead full newsRead More
Ghana plans to buy oil with gold instead of U.S. dollarsRead full newsRead More
When I was a kid, my parents took me to Sears to get yearly family photos.I never thought about it much. It was just something we did. And so did a lot of other people.Today, you can take some really great photos with an iPhone, but back in the day, it was all about this ...Of course, we went to Sears for a lot more than photos.Tools for my dad, school clothes for me, kitchen appliances for my m...Read More