Teranga's Wahgnion open-pit gold mine in Burkina Faso. Image from Teranga Gold. Teranga Gold (TSX: TGZ) has provided an updated life of mine (LOM) plan and issued new 2020 guidance for its Wahgnion gold operation in Burkina Faso as a result of the mine achieving higher than planned production.Since commercial production began in November 2019, Wahgnion's processing plant has performed approximate...Read More

We're in this mess because of a lack of long-term planning. Do I mean the fiscal crisis facing this country or the health crisis? Yes. In a time where rapid money printing has gone hand-in-hand with a pandemic to bring the economy to a grinding halt, it seems like unified leadership is a pipe dream at best. Instead, the people responsible for trying to get us through this are content to point...Read More

Photo by Bullion Vault, Flickr. Gold extended its record-breaking run on Thursday, driven by expectations of more monetary response as surging coronavirus cases continue to pummel the global economy.Spot gold rose 1.0% to $2,060.01 per ounce as of 1:00 p.m. EDT after reaching an all-time high of $2,069.21 earlier in the day. US gold futures also rose 1.1% to $2,073.40 per ounce.Gold has rallied m...Read More

Operations at the Ok Tedi copper and gold mine. (Image courtesy of Oki Tedi Mining.) Papua New Guinea has halted operations at its massive Ok Tedi copper and gold mine for at least 14 days after seven workers tested positive for covid-19 and the country faces a surge in infections, with local authorities saying they could potentially reach thousands in the next few months.The cases were recorded...Read More

Aug 06, 2020 Guest(s): E.B. Tucker Director, Metalla Royalty & Streaming As gold prices breached $2,000 an ounce and continue to march higher, one analyst sees momentum continuing all the way to $2,500 by year end.E.B. Tucker, director of Metalla Royalty and Streaming and author of "Why Gold, Why Now? The War Against Your Wealth and How to Win It?" said that this current bull rally has not run o...Read More

Waihi operations (Credit: OceanaGold) OceanaGold (TSX: OGC) announced on Thursday it has received the mining permit for Wharekirauponga (WKP) in New Zealand, granting the company exclusive right to the mineral resource.The miner purchased the Newmont/Glass Earth interest at WKP - located in the Coromandel Forest Park on the southern Coromandel Peninsula - in 2016, incorporating it into its Waihi...Read More

Aug 06, 2020 Guest(s): George Gero George Gero, managing director of RBC Wealth Management, warns investors that more volatility will hit the markets. Gero's history with gold dates back to his youth, when as a political refugee in Europe in 1945 he was able to escape with the help of gold coins. "As a young child, at the age of two, in Hungary I was an enemy of the state for having been born i...Read More

Here are five Fastmarkets stories you might have missed on Thursday August 6 that are worth another look.The United States will reintroduce Section 232 tariffs on imports of non-alloyed unwrought aluminium from Canada, President Donald Trump announced on Thursday August 6. The aluminium industry neither deserves nor can afford the shock that...Read More

Aluminium industry participants - many of which lobbied against Section 232 tariffs - respond to US President Donald Trump's decision to reinstate the tariffs on imports of non-alloyed unwrought aluminium from Canada.Michael Bless, chief executive officer of Century Aluminum Co and a strong supporter of the Section 232 tariffs, said that their reintroduction would continue to help drive the resurg...Read More

Sometimes it is better to let a situation speak for itself. Alcoa, Rio Tinto Aluminium, Novelis, Constellium, Arconic, Kaiser Aluminum, Tri-Arrows Aluminum, American Metal Chemical Corp, Hydro Extrusion North America, JW Aluminum, Real Alloy, Reynolds Consumer Products, Scepter, Silberline Manufacturing Co, Smelter Service Corp and Wagstaff. The US Aluminum Association, which represents more than...Read More

Bob Moriarty ArchivesAug 6, 2020Gold is trading near all-time highs, having already broken its former record of $1,921 an ounce, set in 2011. The historic price action is being driven by unprecedented monetary and fiscal stimulus as well as record low yields on U.S. government bonds. On Friday, July 31, the real 10-year Treasury yield closed at -1 percent, a level unseen before now. This helps imp...Read More

Here are five Fastmarkets stories you might have missed on Thursday August 6 that are worth another look.The United States will reintroduce Section 232 tariffs on imports of non-alloyed unwrought aluminium from Canada, President Donald Trump announced on Thursday August 6. The aluminium industry neither deserves nor can afford the shock that...Read More

The company had announced a C$30 million placement this week, plus a $60 million secured credit facility from Sprott Private Resource Lending II, to fund its acquisition of Millennium Minerals and its Pilbara assets including a mothballed 1.5Mtpa plant.Yesterday, Novo increased its placement to $42.5 million, upped the over-allotment option from 15% to 20% and announced a non-brokered $3 million p...Read More

Chilean copper commission Cochilco has increased its forecast for the average copper price this year to $2.62 per lb, from $2.40 per lb previously, due to the recovery in the Chinese economy and a drop in inventories, it said on Thursday August 6.For next year, however, Cochilco has reduced its average copper price estimate to $2.85 per lb, from the $2.90 per lb it published in its previous market...Read More

Sean McCoshen, the founder and chairman of the Alaska-Alberta Railway Corporation, (A2A Rail) has already sunk US$110 million of his own capital to move the project to where it stands today.Read More

Halifax, Nova Scotia - Sona Nanotech Inc. (CSE: SONA), (OTCQB: SNANF) ("Sona Nanotech" or the "Company"), a developer of rapid, point-of-care diagnostic tests, announces that its previously announced clinical, in-field evaluation studies for its rapid detection, COVID-19 antigen test that commenced in July continue and are now expected to return their full results within two weeks. The delays have...Read More

Base metal production in Peru continued to recover in June while mines reopened after a two-month lockdown to combat Covid-19, with copper and zinc production back up to January levels, the country's ministry of energy and mines, Minem, said on Wednesday August 5.Peru produced 119,174 tonnes of zinc in June, up by 2.7% from 115,990 tonnes a year before, Minem data showed. Production also grew sign...Read More

Vancouver, BC - Summa Silver Corp ("Summa Silver" or the "Company") (CSE: SSVR, Frankfurt: 48X) is pleased to announce that it has closed the non-brokered private placement financing of units of the Company (the "Units") at a price of $1.00 per Unit (the "Offering") for gross proceeds of $8,000,000. Participation in the Offering included a lead order of $5,000,000 from Mr. Eric Sprott.Each Unit...Read More

Companies able to provide consistently good results by the drill bit have seen their shares rewarded (see chart). Equities continue to move higher as gold climbs past US$2,000/oz.Read More

Here are five Fastmarkets stories you might have missed on Thursday August 6 that are worth another look.The United States will reintroduce Section 232 tariffs on imports of non-alloyed unwrought aluminium from Canada, President Donald Trump announced on Thursday August 6. The aluminium industry neither deserves nor can afford the shock that...Read More