Lucara Diamond (TSX: LUC) saw revenues fall 82% in the three months to June 30 from the same period last year after it decided to hold back the sale of larger stones amid pandemic-fuelled uncertainty in an already weak global diamond market.The Vancouver-based diamond producer posted a loss of almost US$14 million in the second quarter, compared to net income of US$700,000 in the second quarter of...Read More
A total of US$8.86 billion worth of M&A deals were struck in the metals and mining industry globally during the second quarter of 2020, according to the latest report from GlobalData.This represents an increase of 29.1% over the previous quarter and a decline of 14.4% when compared with the average over the last four quarters, which stood at US$10.35 billion.Comparing deal values across different...Read More
This week's episode features an interview with Northern Miner senior reporter Carl A. Williams about the $104-million Metal Earth research and development program led by the Mineral Exploration Research Centre (MERC) at Laurentian University. Carl describes the science behind the initiative as well as the difficult challenge of finding new orebodies. He also discusses his interviews with MERC dire...Read More
The S&P/TSX Composite Index rose 2.32% to 16,544.48 during the Aug. 3-7 trading week. The S&P/TSX Global Mining Index climbed 1.41% to 102.65, and the S&P/TSX Global Base Metals Index advanced 6.13% to 88.132. Spot gold jumped US$58.70 per oz., or 2.97%, to US$2,034.80 per oz., while the S&P/TSX Global Gold Index fell 0.79% to 341.33.Gold Standard Ventures' shares jumped 29.63% to $1.40. The compa...Read More
The Dow Jones Industrial Average rose 3.80% to finish the week at 27,433.48 and the S&P 500 increased 2.45% to 3,351.28. Spot gold jumped US$58.70 per oz., or 2.97%, to US$2,034.80 per ounce.Shares of Pretium Resources advanced by 30.94% to US$12.40 with the release of second-quarter results from its Brucejack underground gold mine, located 65 km north of Stewart in British Columbia. The mine...Read More
The rally that pushed gold to record heights above US$2,000 an ounce has come to an abrupt halt, with the haven metal seeing the biggest drop in seven years after bond yields spiked higher.Read full newsRead More
...real rates have been negative before during the 1940s in the post WW2 Era and in the 1970s STAGFLATION.Read full newsRead More
The American Petroleum Institute reported late Tuesday that U.S. crude supplies dropped by 4.4 million barrels for the week ended Aug. 7, according to...Read full newsRead More
SK Innovation will commercialize the world's first nickel cobalt manganese (NCM) batteries that contain 90 percent nickel, according to industry sources on August 10. ?EUREURThe South Korean battery maker will supply lithium-ion batteries that contain 90 percent nickel, 5 percent cobalt and 5 percent manganese inside cathodes to Ford F-150 electric pickup trucks set for release in 2023, they said....Read More
A refinery worker in Australia has been awarded almost $200,000 in compensation by BP after being fired over a Hitler meme he shared which appeared to mock his bosses over pay negotiations.Read full newsRead More
BEIRUT, LEBANON (3:30 P.M.) - The Greek media reported on Tuesday, that the Greek Armed Forces are on high alert, at a time when the eastern MediterraneanRead full newsRead More
Energy companies have begun taking back millions of barrels of oil from the U.S. government's emergency stockpile after renting storage in the facility to help manage a glut of crude this spring after energy demand collapsed during COVID-19 lockdowns, a Department of Energy website showed on Monday.Read full newsRead More
Miner Barrick beats profit estimates as gold prices surge, warns on Papua New Guinea mineRead full newsRead More
Granada Gold Mine is pleased to provide an update of its 2020 HigRead full newsRead More
LAURION Mineral Exploration Inc. (TSXV:LME) is pleased to announcRead full newsRead More
Brigadier Gold Limited is pleased to announce that Mr. Garry ClarRead full newsRead More
The rally that pushed gold to record heights above US$2,000 an ounce has come to an abrupt halt, with the haven metal seeing the biggest drop in seven years after bond yields spiked higher.Read full newsRead More
...real rates have been negative before during the 1940s in the post WW2 Era and in the 1970s STAGFLATION.Read full newsRead More
Many Canadians are continuing to face a significant drop in their regular income due to COVID-19-related factors. To add to their worries, some government benefits — that they’ve been receiving for months — are set to end soon.The Canada Emergency Response Benefit (CERB) scheme would expire in the first week of October. The Justin Trudeau administration announced the scheme in Ma...Read More
The Canadian stock market has been resilient, despite the fear of an economic slowdown. The rising COVID-19 infections and the weak economic outlook suggest that the market could shed most of its gains. However, that is not happening, as investors’ optimism over the reopening of the economy and increase in economic activities continue to lend support and protect the downside.Amid such an env...Read More