Skeena Resources (TSXV: SKE) will be exercising its option to acquire 100% of the Eskay Creek gold-silver project from Barrick Gold (TSX: ABX; NYSE: GOLD) via a binding term sheet signed between the parties on July 6.Discovered in 1988, the former Eskay Creek mine located in British Columbia's Golden Triangle was once the highest-grade gold mine and the fifth-largest silver mine in the world by vo...Read More
This week's episode features the first of a two-part interview with CPM Group managing partner Jeffrey M. Christian at the Canadian Mining Symposium, held on Zoom from June 16-18, 2020. MINING.com executive editor Frik Els asked Christian about his views on the economy, research methods, gold, and the electric vehicle market.Jeffrey M. Christian is managing partner at CPM Group, a precious metals...Read More
China has issued its ninth round of scrap metal import quotas for 2020, approving considerably larger volumes than in previous rounds at a time of persisting uncertainty surrounding the country's move to rename certain non-ferrous scrap metal as renewable materials.A total of 176,746 tonnes of copper scrap has been approved for import into China in the ninth round of quotas, the China Solid Waste...Read More
Royal Dutch Shell Plc is weighing the sale of its 211,146 barrel-per-day (bpd) Convent, Louisiana, refinery, the company said on Tuesday.Read full newsRead More
Ulaanbaatar, Mongolia--(Newsfile Corp. - July 6, 2020) - Steppe Gold Limited (TSX: STGO) (Read full newsRead More
In-principle deal with the government would give Kinross a 30-year exploitation licence for Tasiast Sud.Read full newsRead More
Ms. Tricia Kaelin is a seasoned financial executive with a proven track recordRead full newsRead More
Which TSXV junior gold stocks have performed the best this year?Read full newsRead More
Renforth Resources Inc. has completed our June field work successRead full newsRead More
Emgold Mining Corporation announces the following update on its NRead full newsRead More
Sixty North Gold is pleased to announce that it has completed a fRead full newsRead More
The risks to the markets are many — in fact, the outlook for stocks is so complex this year that pundits are offering wildly different predictions. It seems as though just about every letter of the alphabet has been considered for a recovery model. From an L-shaped recession to a V-shaped recovery, no two projections coming from analysts match up right now.The only thing to bet on, therefore...Read More
Canadian broader markets continue to climb higher recently, despite rising economic uncertainties. TSX stocks on average have surged more than 40% in the last three months, pushing many into the overbought zone.Investors should note that the relative strength index (RSI) of a stock is a momentum oscillator that takes values between 0 and 100. A stock with an RSI above 70 is overbought, while a sto...Read More
Bayan Khundii project, Mongolia. (Image courtesy of Erdene Resource Development.) Erdene Resource Development (TSX:ERD) has released drill results from the Midfield Southeast zone of the company's 100%-owned BayanKhundii gold project in southeast Mongolia. "Drill results from the new Midfield southeast zone, including one metreof 582 g/t gold within an intersection of 5.5 metres grading 126 g/t g...Read More
The Pan mine. Photo by Fiore Gold. US-focused gold producer Fiore Gold (TSXV: F) announced Wednesday preliminary production results for the fiscal third quarter of 2020 from its Pan open-pit mine in White Pine County, Nevada.The Pan mine, located 28 kms southeast of the town of Eureka, was bought by the company out of bankruptcy in 2016 for approximately $5 million.For the three-month period, gol...Read More
The Chelopech mine is located on the southern flank of the Balkan Ranges. Credit: Dundee Precious Metals Inc. Dundee Precious Metals (TSX: DPM) has delivered strong preliminary production results from both of its Bulgarian mines and its smelter in Namibia for the second quarter of 2020. The company says it is on track to meet its previously issued guidance for 2020 at each of its operations despi...Read More
The company's exploration camp is hundreds of kilometers north of the Arctic Circle, with the team and equipment mobilized from Iceland by a charter flight and helicopters. (Image courtesy of Greenfields Exploration.) Greenfields Exploration said on Wednesday it had identified a "shopping list of high-quality acquisitions" in Greenland, which could give it about 28% of all areas under license in t...Read More
Exploration drilling along the PureGold trend Credit: Pure Gold Mining Underground drilling at Pure Gold Mining's Red Lake mine in Ontario has returned high-grade intercepts from both step-out and infill holes.The company released 10 initial assays from a 30,000-metre drill program, which started in June. These drill holes extend the mineralization around planned stopes, suggest new gold zones...Read More
Here are five Fastmarkets stories you might have missed on Wednesday July 8 that are worth another look.The recovery in Chinese steel consumption, especially that for rebar, has been "extraordinary," while the downturn in the automotive sector may not necessarily mean stainless steel demand will decline this year, delegates heard at Fastmarkets' Covid-19 and Asian ferro-alloys markets webinar...Read More
A negative arbitrage between the London Metal Exchange and Shanghai Futures Exchange resulted in lower premiums for all nickel grades in China in the week to Tuesday July 7, while other regional premiums remained unchanged. China trading interest wanes amid long-lasting negative LME/SHFE arbitrage, prompting lower premiumsEuropean spot buying remains lackluster with scant deals reported in already...Read More