Three experienced mining leaders give valuable insights into decision-making and seizing opportunities during a global crisis.Faced with the Covid-19 pandemic, mining executives are being forced to take swift action and make tough decisions as prices fall, economies contract and demand in key consuming industries declines. Three leading mining industry executives told Andrea Hotter about their res...Read More
A summary of Brazilian steelmaker Gerdau's financial results in the second quarter of 2020, as stated in its earnings report on Wednesday August 5.In brief Gerdau's crude steel output in Brazil decreased during the quarter following the stoppage in early April of the No2 blast furnace at its Ouro Branco mill, in the southeastern state of Minas Gerais, and some of its long rolling activities in the...Read More
If the price of gold in a local currency is a measure of national risk, then the United Kingdom is apparently in a worse place than during the Black Death of 1348-1349 (which killed half of the population), the Great Plague of 1665-1666 (which killed 25% of Londoners) and two world wars.If that wasn't enough, the party season is over in England for another year. We have just celebrated 'Glorious G...Read More
Canada's Minera Alamos (TSX-V: MAI) is expanding its footprint in Mexico by acquiring the Cerro de Oro gold project in the north-central state of Zacatecas, its third asset in the precious metals-rich country.The private transaction was conducted with a vendor group known by the Minera Alamos team following negotiations that were carried out over the last few months. As part of the deal, the T...Read More
Mexico-focused producer Torex Gold Resources (TSX: TXG) released its second quarter financial results and updated production guidance for the year: with 59,508 oz. gold generated in the quarter, the company now expects to produce 390,000-420,000 oz. gold this year.Torex's original guidance was for 420,000 oz. to 480,000 oz. gold; however, based on a Covid-19-related decree from the Mexican governm...Read More
Opponents of Northern Dynasty Minerals' (TSX: NDM) proposed Pebble copper-gold-molybdenum mine in Alaska found a new ally on Tuesday, as U.S. President Donald Trump's son Donald Jr. took to Twitter to oppose the project supported by his father's administration.Trump Jr. said he "100%" agreed with Vice President Mike Pence's former chief of staff, Nick Ayers, in opposing the mine."The headwaters of...Read More
With the price of gold having crested US$2,000 an ounce, the World Gold Council released its latest report on the precious metal's demand trends. The Gold Demands Trends report covers both the second quarter and first half of 2020, and it shows that the Covid-19 pandemic hit the consumer sectors of the gold market in the first half of this year the hardest, with total demand dropping by 6% to 2,07...Read More
In April, Bank of America Global Research increased its 18-month price target on gold from US$2,000 per oz. to US$3,000 per oz. and forecast an average gold price in 2020 of US$1,695 per oz. and US$2,063 per oz. in 2021.As gold continued its rise above US$2,000 per oz., and at press time had touched US$2,046 per oz., the bank released a new report reiterating its US$3,000 per oz. price target, cit...Read More
88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyLithium no quiet place for AVZSPONSOREDavz mineralsScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.IronRidge shows its mettleSPONSOREDironridge resources It is said that all good things come to an end, but so it seems, do all things that are not so good, such as this column.Read More
10:44 AM EST - Eclipse Gold Mining Corporation : Reported it has completed an induced polarization (IP) survey at the Hercules Gold Project located in Lyon County, Nevada. A review of the data collected to date showed a good correlation between zones of silicification in outcrop and drilling and resistive features in the recently collectedRead full newsRead More
Gold at $3,000 an ounce sounds like an optimistic tip, but there are two reasons to take that price seriously.Read full newsRead More
The gold price broke past US$2,000 on Tuesday, an important psychological and monetary threshold for the metal.Read full newsRead More
What factors influence the gold price today?Read full newsRead More
NV Gold Corporation is pleased to announce that the Company intenRead full newsRead More
PORTOFINO RESOURCES INC. is pleased to announce it has identifiedRead full newsRead More
Renforth Resources Inc. is pleased to let shareholders know thatRead full newsRead More
Deep-South Resources Inc. announces that it will proceed with a nRead full newsRead More
Creating wealth or attaining financial security in your retirement days doesn’t require self-deprivation. Even a modest $200 weekly savings can go a long way. Does that sound unreal? It’s not.A weekly savings of $200 will help you accumulate $208,000 in 20 years. However, if you regularly invest these savings in TSX stocks offering an annual return of 10%, you’ll have $664,000 an...Read More
Gold has seen one of the best moves so far this year in decades. It is up more than 30% in 2020, and interestingly, the rally seems far from over. Market pundits see this movement lasting at least through 2020 due to the broader economic picture. But how can investors play this potential rally with an attractive risk/reward balance?Many TSX gold stocks have rallied more than 60% this year on the b...Read More
Donlin gold project. (Image courtesy of Novagold.)Barrick Gold (TSX: ABX) (NYSE: GOLD) and Novagold Resources (TSX: NG) (NYSE: NG) announced Thursday an update and drill results on their 50/50 co-owned Donlin gold project in Alaska.The 2020 drill program is currently advancing with four drills turning at the site, and all are operating within the framework of stringent safety measures, which incl...Read More