Covid-19 has affected the mining industry in unprecedented ways, ranging from forced mine shutdowns in some cases to profound fluctuations in supply and demand for various commodities. As the economy begins to reopen, preserving cash flow remains pertinent to the long-term health of mining companies, especially junior mining companies. Third-party litigation funding - that is, the financing of lit...Read More
Maritime Resources (TSXV: MAE) has reported drill results from its past-producing Hammerdown gold project, which returned gold intersections within the proposed pit shell, outside of existing resources, and high-grade hits below the pit shell. The project is near the Baie Verte mining district of Newfoundland and Labrador.Drilling targeting the Wisteria zone at the Hammerdown deposit, at the inter...Read More
During Tuesday's much-hyped battery day, Tesla CEO Elon Musk laid out plans to put everyone behind the wheel (or is that sleeping in the back?) of a $25,000 car that drives itself.Much of the three hour-plus presentation was low on detail, high on promotion and stratospheric on ambition. It is ever thus, but Tesla's plans to start mining seemed particularly simplistic.With great fanfare and 40 yea...Read More
Luminex Resources (TSXV: LR; US-OTC: LUMIF) has released drill results from a five-hole, 3,300-metres drill program at its Condor gold-copper project in the Zamora-Chinchipe province in southeast Ecuador, 400 km southeast of the capital, Quito, and 70 km east of Loja.The drill campaign was conducted on Soledad Baja, a southeast extension of the Camp deposit located on the northern section of Con...Read More
Prices for steel scrap cargoes imported into South Korea fell again over the last seven days amid weakening Japanese offer prices and stifled demand, sources told Fastmarkets on Friday September 25.Japanese exporters reduced offer prices over the last week due to a lack of buying interest from Vietnam and Taiwan at the previous levels, sources said, while smaller suppliers focusing on Korea had al...Read More
Vietnamese steel mills booked Japanese scrap during the week to Friday September 25 as a result of sellers cutting their offer prices in an attempt to offload material before China's "Golden Week" holiday on October 1-8.Offers for bulk Japanese H2 cargoes fell consistently throughout the week, from $303-305 per tonne cfr Vietnam at the mid-week point to $295-297 cfr Vietnam by Friday. There was on...Read More
Import prices for containerized ferrous scrap in the key Taiwanese market fell in the past week on increasingly bearish sentiment brought about by falling prices in Turkey and limited buying interest. Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $272-275 per tonne on Friday September 25, widening do...Read More
TORONTO, Sept.25, 2020(GLOBE NEWSWIRE) -- FenixOro Gold Corp (CSE:FENX, OTC:FDVXF, Frankfurt:8FD.F) is pleased to announce that Logan Drilling has...Read full newsRead More
VANCOUVER, British Columbia, Sept.25, 2020(GLOBE NEWSWIRE) -- Mission Ready Solutions Inc. ("Mission Ready" or the "Company") (TSXV: MRS) is pleased to...Read full newsRead More
Deborah Honig of Adelaide Capital moderates the Golden Triangle Panel, discussing the future of this historic mining district. Panelists include Cole Evans, ...Read full newsRead More
FenixOro Gold Corp is pleased to announce that Logan Drilling hasRead full newsRead More
TSXV: RKR Frankfurt : 1RR OTC Pink: RKMSF Rokmaster Resources CorRead full newsRead More
Fossils of a mastodon, a giant prehistoric relative of today's elephants, have been discovered at an artisanal gold mine in central Colombia in a find which researchers say could herald a trove of similar specimens.Read full newsRead More
NEW YORK, Sept.24, 2020(GLOBE NEWSWIRE) -- NetworkNewsAudio -- GoldHaven Resources Corp. (CSE: GOH) (OTCQB: ATUMF) announces the availability ...Read full newsRead More
The Toronto Stock Exchange continues to trade on a negative note, as the September sell-off doesn’t seem to be ending. On Friday morning, the TSX Composite Index was down by 0.2%. By Thursday, the index had already shed nearly 2% on a week-to-date basis. The Canadian market benchmark is likely to end the second consecutive week in negative territory.Earnings released this weekEarlier this we...Read More
Many investors are worried that another stock market crash is around the corner, as governments reduce fiscal stimulus measures to prop up the economy. The COVID-19 crisis has impacted the stock market, small businesses, and self-employed individuals all over the world. Moreover, inflation fears, as federal reserve banks announce commitments to low interest rates, are driving investors to gold ass...Read More
It might seem risky to invest in stocks on the Toronto Stock Exchange as the world still grapples with the COVID-19 pandemic. Nevertheless, it is important to remember that investing is a long-term endeavor. There will naturally be ups and downs in the stock market.Don’t worry about the current value of your retirement portfolio. Instead, focus on maintaining a comfortable balance betwe...Read More
Sep 25, 2020 Guest(s): Pavel Grachev CEO, Polyus Despite the recent slowdown in gold jewelry demand and tapering of central bank buying, the price of gold is not expected to see major changes and substantial volatility in the medium term, said Pavel Grachev, CEO of Polyus, the third largest gold miner in the world, based in Russia. "We still believe the factors that generated the gold rally so f...Read More
In our latest Insights, we look at the battle between the bulls and bears that is shaping up on INK Ultra Money. On balance, the bulls seem to be tipping towards the Energy sector as a possible path to higher returns. Meanwhile, the financial system is at risk of being disrupted by cryptocurrency. Finally, our insider of the week helps to ensure that junior gold mining stays in the opportunity sp...Read More
The trading range on the HUI and other PM stock indexes continues its job of confusing both the bulls and bears alike. I’ve always said that trading an impulse move is much easier than trading during a consolidation phase. During a strong impulse move up it is easy to see the price action making higher highs and higher lows. Trading during a consolation phase is usually completely different....Read More