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
Orezone Gold (TSX: ORE; US-OTC: ORZCF) announced Thursday that its Bombor?(C) gold mine in Burkina Faso has now entered commercial production."Commercial production at Bombor?(C) is a significant milestone and transforms the company to producer status. We congratulate the Bombor?(C) team for their excellent execution in achieving this goal," Patrick Downey, president and CEO of Orezone, said in a...Read More
Brazil's lower house has approved a constitutional reform that authorizes the private sector to enter the uranium sector, which is currently the exclusive responsibility of state-run Ind??strias Nucleares do Brasil (INB).INB controls all activities related to mining of materials used for generating nuclear power. This has traduced into the country having to import most of the uranium used to powe...Read More
Mayfair Gold (TSXV: MFG; US-OTC: MFGCF) shares rose this morning on the latest drill results from the company's flagship Fenn-Gib project in northeast Ontario, as it works toward a prefeasibility study next year.Highlights included hole FG22-253, which intersected 1.1 grams gold per tonne over 366.7 metres near the surface, including 4.12 grams gold over 14 metres and 5.66 grams gold over 16 metre...Read More
Nunavut will see the highest proportional increase in exploration spending in Canada this year, according to data released last week by Natural Resources Canada (NRCan). Exploration will rise 95% - almost doubling total spend to $232.4 million from $119.2 million last year.However, while exploration spending is expected to increase this year across the Far North, and shows the region is climbing o...Read More
The federal government has approved Generation Mining's (TSX: GENM) Marathon palladium-copper project's environmental assessment, as part of a country-wide strategy that seeks to boost production of metals and minerals considered key for the energy transition towards renewables.The proposed mine, located 10 km from Marathon, Ont., is expected to produce an average of 245,000 oz. of palladium equiv...Read More
Bravo Mining (TSXV: BRVO; OTCQX: BRVMF) is confirming the potential of its Luanga platinum group metals project in northern Brazil by re-sampling old drill cores collected by former owner Vale (NYSE: VALE). Highlights of the re-sampling at the site about 500 km south of Bel?(C)m on the country's north coast include 30 metres starting at surface grading 2.34 grams platinum group metals (PGM) and g...Read More
Strategic Metals (TSXV: SMD) has announced high-grade results from its Batt property in southwestern Yukon. Its wholly-owned site covers volcanogenic massive sulphide (VMS) and overprinting epigenetic vein and fracture hosted, copper, cobalt, gold, silver and zinc mineralization. Result highlights include 0.71% copper, 0.21% cobalt and 1.18 grams gold per tonne over 5.7 metres from a hand trench...Read More
Due to strong investor interest, Yukon-focused critical minerals explorer Fireweed Metals' (TSXV: FWZ; OTC: FWEDF) says it will increase its previously announced financing to about $35 million.Earlier in the week, the company formerly known as Fireweed Zinc announced a private placement to raise aggregate proceeds of $27.5 million. The financing consists of three parts: 28.3 million common shares...Read More
Barrick Gold (NYSE: GOLD; TSX: ABX) will hear next week whether it can proceed with its US$7-billion Reko Diq copper-gold project in Pakistan, close to the borders of Iran and Afghanistan.The country's Supreme Court, which has been tasked with ensuring the project is in line with Pakistan's constitution and laws, finished its due diligence on Wednesday. The final verdict, however, won't be announc...Read More
Petra Diamonds (LSE: PDL) said on Wednesday its Williamson mine in Tanzania would not resume production before the middle of 2023, following the partial collapse of a tailings storage facility (TSF) earlier this month. The company said the decision comes after an assessment by a team of experts which concluded there is a low risk of further failures of the mine's TSF. They also warned of a poss...Read More
Additional Drilling Planned at Palos Verdes in January 2023 Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) (theRead full newsRead More
It seems there's been one global crisis after another since COVID-19 shut the world down in 2020. With markets fluctuating wildly and economies in turmoil, investors have been left dizzied at best, and at worst have suffered disastrous portfolio losses. Across the board, market participants have que...Read full newsRead More
UiPath press release(PATH): FQ3Non-GAAP EPS of $0.05beats by $0.06.Revenue of $262.7M (+19.0% Y/Y)beats by $6.76M.ARR of $1.11B increased 36% Y/Y.Net new ARR of $66.8M.Dollar...Read full newsRead More
Zscaler press release(ZS): FQ1Non-GAAP EPS of $0.29beats by $0.03.Revenue of $355.5M (+54.2% Y/Y)beats by $14.71M.Calculated billings grows 37% Y/Y to $340.1M.Deferred revenue...Read full newsRead More
Usha Resources Ltd (TSX-V:USHA) has said it is poised for the start of the maiden Jackpot Lake lithium brine project drill program in Nevada,...Read full newsRead More
The cash pile of the largest global gold producers Newmont and Barrick dropped over 50% into the gold stock bear market ...Read More
Precious metal prices are rising amid seasonal demand and a devaluation of the U.S. dollar.In the past three weeks alone, gold prices have increased by as much as $150 an ounce.Meanwhile, the price of COMEX silver jumped almost 15%. One Month Gold Prices One Month Silver Prices We talked about the reasons for the dollar's reversal and the factors driving seasonal...Read More
Share this article VANCOUVER - Ximen Mining Corp. [XIM-TSXV; XXMMF-OTCQB; 1XMA-FSE] has completed airborne lidar and magnetic surveys at its Brett property near Vernon, southern British Columbia.A total of 54 km2 were covered by magnetic surveys, flown at 50-metre spaced flight lines. The lidar surveys covered a total of 12 km2 and included orthophotos. Data was collected with a Phoenix Ranger li...Read More
Rarely in life do we get second chances. The problem is that few people ever recognize they're even getting one, and one clear-cut example of this is Germany's disastrous energy transition. But where do we begin?Sure, we can trace Germany's green transition to more than 30 years ago, when the country's Federal Cabinet adopted its first emission goals. Back then, the goal was to reduce CO2 e...Read More
Kitco News, Released on 12/2/22Mark Yusko, CEO, Founder, and Chief Investment Officer of Morgan Creek Capital Management joined Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, to discuss the FTX collapse, whether Sam Bankman-Fried was 'money laundering' for U.S. politicians, FTX's links to the Ukrainian government, and the claim that SBF was a 'useful idiot' to take down the crypto...Read More