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) - A jeweler in India has created a crocodile necklace, studded with 8,000 natural diamonds and 7,000 other gemstones.It was among the highlights at the Gems & Jewellery Manufacturers Show in Surat, which ended yesterday.Samir Mehta, of the Surat-based jewelry manufacturer Arete Virtue, said the necklace was made of 330 grammes of gold and had a $36,000 price tag."We've had m...Read More
(IDEX Online) - Amnesty International is calling on the government in Sierra Leone to address concerns over the impact of a diamond mine on a neighboring community.It claims their lives are being blighted by blasting operations and by water pollution caused by Meya Mining.Residents are "forced to evacuate their homes and take shelter in the different structures made by the company until the b...Read More
Cypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corpCanada's NexGen eyes large-scale uranium productionSPONSOREDnexgen energyUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDUsing Primetals and voestalpine's technologies and FMG's iron ore, the target is to design an engineer a net-zero emission industrial-scale prototy...Read More
Conuma will pay Teck $120 million in cash in staged payments over the next 36 months, and an ongoing 25% net profits interest royalty, first payable after Conuma recovers its investment in Quintette.Read More
Cypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corpCanada's NexGen eyes large-scale uranium productionSPONSOREDnexgen energyUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDOn November 18, OZ agreed to grant BHP four weeks of due diligence access after BHP increased its non-binding indicative proposal from $25 per shar...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points in pre-opening trade. Index futures were virtually unchanged following release of the November U.S. Housing Start report at 8:30 AM EDT. Consensus was 1.400 million units versus 1.425 million units in October. Actual was 1.427 million unitsThe Canadian Dollar was virtually unchanged at US73.41 cents after Ca...Read More
Strong Stockholder Support Enables All Proxy Proposals to PassCHEYENNE, Wyo., Dec. 20, 2022 /PRNewswire/ -- U.S. Gold Corp. (the "Company," "we" or "our") (NASDAQ: USAU), a gold exploration and development company, today announced the results of its Annual Meeting of Stockholders (the "Meeting") held virtually on December 16, 2022.The following proposals were approved by the Company's stockholde...Read More
This week's episode features geopolitical and natural resource commentator Paul from the Sirius Report in conversation with host Adrian Pocobelli. Paul discusses the major themes of 2022, including the global move towards multipolarity, the EU's energy crisis, the war in Ukraine, the increasing importance of gold, and further developments in BRICS+. He also discusses the diminishing sense of tr...Read More
Taseko Mines (TSX: TKO) shares rocketed by 23% today on news that it has partnered with Mitsui to develop the Florence copper project, located in Arizona.Mitsui has committed to an initial investment of US$50 million to be used for construction. The initial investment will be in the form of a copper stream agreement on 2.67% of the copper produced at Florence.While the project has attracted cont...Read More
Shares in Iamgold (TSX: IMG; NYSE: IAG) shot up 25% on Tuesday after it sold its latest portion of nearly US$1 billion in assets to build the C??t?(C) gold project in northern Ontario. The Toronto-based miner and developer said today it's selling its exploration and developments assets in Senegal, Mali and Guinea to Casablanca, Morocco-based Managem for US$282 million. On Monday it agreed to s...Read More
Nevada Lithium Resources (TSXV: NVLH; OTCQB: NVLHF) and Iconic Minerals (TSX-V: ICM; OTCQB: BVTEF) say drill results from their Bonnie Claire Lithium joint venture in Nevada show near-surface strong grades. Drill hole BC2202C cut 600.46 metres from surface grading 1,157 parts per million (ppm) lithium, including 121.92 metres from 6.1 metres depth grading 753 ppm lithium, and 298.7 metres from...Read More
Shares in Emerita Resources (TSXV: EMO; OTCQB: EMOTF) rose 7% on Tuesday after it reported drill results at its Iberian Belt West base metals project in Spain and said it will publish an initial mineral resource estimate by May. Drill hole LR057 at the La Romanera deposit cut 25.1 metres from 328.8 metres depth grading 0.3% copper, 1.5% lead, 6% zinc, 0.74 gram per tonne gold and 82 grams silver...Read More
Lithium Americas (TSX: LAC; NYSE: LAC) is buying all the shares it does not already own of fellow Canadian Arena Minerals (TSXV: AN) in a deal that gives the Vancouver-based lithium miner further access to the Pastos Grandes basin in Argentina.The transaction, which values the target company at US$227 million, will see Arena's shareholders receive 0.0226 of a Lithium Americas common share for each...Read More
Teck Resources (TSX: TECK.A | TECK.B; NYSE: TECK), Canada's largest diversified miner, has reached a deal to sell its closed Quintette steelmaking coal mine to Conuma Resources for US$120 million cash.The asset, in northeast British Columbia, has been shuttered since 2000, after being in operation for 18 years.Teck said Conuma Resources, a Canadian steelmaking coal producer, will also pay an ongoi...Read More
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company Mining Intelligence.This week's top drill assay comes from Burkina Faso, where West African Resources (ASX: WAF) reported that drill hole M1SRD_0207 at its Sanbrado gold operations returned 25 metres grading 90.17 grams gold per tonne fr...Read More
Stocks fell during the Dec. 12-16 trading period as the U.S. Federal Reserve increased interest rates again to fight high inflation and retail sales figures disappointed analysts. Markets were volatile. The S&P/TSX Composite Index shed 503.79 points or 2.5% to 19,443.28. The S&P/TSX Global Mining Index decreased 2.7 points or 2.4% to 108.3, and the S&P/TSX Global Base Metals Index lost 6.48 point...Read More
The S&P/TSX Venture Composite Index retreated by 1.36 points or 0.2% over the Dec. 12-16 trading period to end at 576.26. Los Andes Copper lost 45 ? to $13.50 over the period after the company said Dec. 9 it was being taken to court over environmental concerns about exploration drilling from 2007 to 2017 on its Vizcachitas project 120 km north of Santiago, Chile. Los Andes said it is fully commit...Read More
The Dow Jones Industrial Average fell 556 points, or 1.7%, to 32,920.46, and the S&P 500 lost 82 points or 2.1%, over the week to 3,852.4.The top value gainer this week was Natural Resource Partners LP which closed US$2.55 per share higher on Dec. 16 at US$45.55 apiece. The company's share price is riding high (up 50% over the past 12 months) amid a generally depressed natural resources sector. Th...Read More
Australia-based ioneer (NASDAQ: IONR; ASX: INR) said on Monday its flagship Rhyolite Ridge lithium-boron project in Nevada has advanced into the final stage of federal permitting.The company said the decision by the U.S. Bureau of Land Management (BLM) to publish a Notice of Intent (NOI) in the Federal Register, was a major milestone towards completing the permitting for the proposed mine. "This...Read More
Canada Nickel Co. (TSXV: CNC; US-OTC: CNIKF) is buying a 100% interest in the past-producing Texmont nickel property, situated between the company's Deloro and Sothman properties south of Timmins, Ont. "The acquisition of the Texmont property provides near-term smaller scale production potential and is highly complementary to our large-scale Crawford and regional nickel sulphide projects, chair a...Read More