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A Golden Opportunity for Two Small-Cap Miners

June 27, 2020 / dlvr.it

The zero-premium merger of SSR Mining and Alacer Gold could net the new SSR a higher stock price, especially with gold prices risingRead full newsRead More

Barrick Niugini to lay off 2,650 Papua New Guinea gold mine workers

June 27, 2020 / dlvr.it

TORONTO - Owners of the Porgera gold mine in Papua New Guinea say they will lay off 2,650 local mine workers by the end of July as the result of a continuing dispute with the federal government. Barrick Niugini Ltd., the joint venture mine owner and operator that is owned 47.5 per cent each by Canada's Barrick Gold Corp. and partner Zijin Mining Group of China, says the cost of the layoffs wil...Read More

Investing $5,000 in Gold Stocks Is a Smart Move This Summer

June 28, 2020 / www.fool.ca

In the fall of 2019, I’d suggested that gold had the chance to reach $2,000 over the next year. At the time, this was based on a tenuous geopolitical situation as well as economic uncertainty that seemed to guarantee historically low interest rates for the foreseeable future. Because of this, I’d recommended that investors should look to stack gold stocks heading into 2020.Today, I wan...Read More

Renewables sector falling short on human rights

June 28, 2020 / www.mining.com

Companies active in the making of electric vehicles, (EVs) batteries, solar panels and other green technologies have been linked to alleged human rights abuses. (Image: Illegal coltan miners in DRC. Courtesy of Boston University | YouTube.) The ongoing and global transition to renewable energies is not exempt of human rights abuses, which could create risks in a sector vital to countering the...Read More

Great Bear Resources (TSXV:GBR): Why the Stock Is up 300%

June 28, 2020 / www.fool.ca

The junior mining industry is one that is highly volatile. However, now that gold has regained its lustre, several in the industry are marching towards record highs. Earlier this week we looked at Wallbridge Mining’s strong performance. Today, we’ll take a look at a junior exploration company that is sitting on one-year returns of 313%: Great Bear Resources (TSXV:GBR). The company...Read More

Will the Market Crash After Rising Case Counts in the United States?

June 28, 2020 / www.fool.ca

As we see coronavirus cases rising rapidly in several states, it’s natural to wonder if we might have another market crash.These rising case counts are coming on the back of reopenings that many experts criticized for being done too quickly. Regardless of the reasons for the rise in case counts, the fact of the matter is that the numbers are skyrocketing.Some governors have even called for t...Read More

Pathways towards zero-emission copper mines

June 28, 2020 / www.mining.com

Olympic dam copper mine in South Australia. (Reference image courtesy of BHP). The International Copper Association Australia (ICAA) commissioned the University of Sydney's Warren Centre for Advanced Engineering to develop a strategic roadmap to achieve a 'zero-emission copper mine of the future.'In a 68-page report, the Warren Centre explains that, typically, greenhouse gas emissions through the...Read More

Only mill in the US able to process uranium-rare earth ores open for business

June 28, 2020 / www.mining.com

White Mesa mill. (Image courtesy of Energy Fuels). As the US pushes to dilute China's monopoly and develop a domestic rare earth supply, Colorado-based Energy Fuels (TSX: EFR) is working towards being at the forefront in the race.Energy Fuels is the owner of the White Mesa Mill in Utah, the only fully-licensed and operating conventional uranium mill in the United States. The facility is normall...Read More

Origin of British Crown Jewels' diamond revealed

June 28, 2020 / www.mining.com

Queen Elizabeth the II. (Image by the Government of Alberta, Flickr). The famous Cullinan diamond, which is now the centrepiece of the British Crown Jewels, likely originated in Earth's lower mantle, right beneath the rigid and stable continental plates, where the mantle is slowly moving or convecting.The finding is part of ongoing research carried out by Evan Smith and Wuyi Wang at the Gemologic...Read More

IN CASE YOU MISSED IT: 5 key stories from June 26

June 29, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Friday June 26 that are worth another look.The price for flat-rolled steel imported into South American main destinations has edged downward week on week, with Chinese offers remaining steady, while material from other origins was presented at lower prices.The closure of the Chuquicamata copper smelter in Chile could last up to two weeks,...Read More

Market futures bleak as pandemic hits 10M mark

June 29, 2020 / www.mining-journal.com

The S&P 500 closed 2.42% lower on Friday in the US, where the number of coronavirus cases is now more than 2.5 million according to the latest figures from Johns Hopkins University.The gold price was up around US$1,772 an ounce on the spot market at the time of writing."Gold is caught in a mostly delicate, but erstwhile crazy, dance as the safe haven crowd butts heads with Wall Street bulls in...Read More

IN CASE YOU MISSED IT: 5 key stories from June 26

June 29, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Friday June 26 that are worth another look.The price for flat-rolled steel imported into South American main destinations has edged downward week on week, with Chinese offers remaining steady, while material from other origins was presented at lower prices.The closure of the Chuquicamata copper smelter in Chile could last up to two weeks,...Read More

Chart of the Week: Total U.S. Public & Private Debt To Reach $80 Trillion Q2 2020

June 28, 2020 / news.goldseek.com

SRSrocco When the results are released, the second-quarter economic data will be the worst on record. With the massive money printing by the U.S. government, public debt has ballooned more than $3 trillion since the lockdown of the domestic economy. The total U.S. public and private debt will likely surpass $80 trillion in Q2 2020.Here is my last update for the U.S. Total Debt All Sectors...Read More

Record gold price forecasts boost prospects for junior mining companies

June 28, 2020 / www.canadianinvestor.com

Share this articleCALGARY - For veteran geologist Roger Moss, this year's runup in gold prices to seven-year highs over US$1,750 per ounce could not have come at a better time.The president and CEO - and only full-time employee - of two-year-old Labrador Gold Corp. had been focused on prospecting in Labrador until early this year when news emerged of a potentially significant gold discovery near...Read More

IN CASE YOU MISSED IT: 5 key stories from June 26

June 29, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Friday June 26 that are worth another look.The price for flat-rolled steel imported into South American main destinations has edged downward week on week, with Chinese offers remaining steady, while material from other origins was presented at lower prices.The closure of the Chuquicamata copper smelter in Chile could last up to two weeks,...Read More

INK Ultra Money: BMO black eye and crypto gathering discount

June 28, 2020 / www.canadianinsider.com

If you are wondering why the BMO (BMO) underperformed the other big banks on Friday, Jack Farley may have the answer in the latest Real Vision Daily Briefing. He does a nice job reviewing the Fed stress test results on banks. A BMO name stands out, and not in a good way. Today, I also look at the stunning developments in crypto finance and some big movers in the Healthcare sector. We also have a...Read More

Chart of the Week: Total U.S. Public & Private Debt To Reach $80 Trillion Q2 2020

June 28, 2020 / news.goldseek.com

SRSrocco When the results are released, the second-quarter economic data will be the worst on record. With the massive money printing by the U.S. government, public debt has ballooned more than $3 trillion since the lockdown of the domestic economy. The total U.S. public and private debt will likely surpass $80 trillion in Q2 2020.Here is my last update for the U.S. Total Debt All Sectors...Read More

Firm Receives Exploration Permit, Announces Start of Yukon Field Program

June 28, 2020 / www.theaureport.com

With most of its project permitted, Granite Creek Copper now can explore the highest priority areas. Granite Creek Copper Ltd. (GCX:TSX.V) received an exploration permit for its Stu copper-gold project in the Yukon's Minto Copper District and began mobilizing exploration crews, it announced in a news release.The 10-year, class 4 permit allows for exploration of 68 square kilometers of the norther...Read More

Royalty Company Receives First NSR Payment from Nevada Project

June 28, 2020 / www.theaureport.com

This payment comes from one of two producing royalties Ely Gold Royalties holds on the asset. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; I4U:FSE) announced in a news release it received its initial royalty payment from the Jerritt Canyon project in Nevada and filed the requisite NI 43-101 technical report.The payment, which covered net smelter returns royalties accrued between Feb. 3 and Ma...Read More

Chart of the Week: Total U.S. Public & Private Debt To Reach $80 Trillion Q2 2020

June 28, 2020 / news.goldseek.com

SRSrocco When the results are released, the second-quarter economic data will be the worst on record. With the massive money printing by the U.S. government, public debt has ballooned more than $3 trillion since the lockdown of the domestic economy. The total U.S. public and private debt will likely surpass $80 trillion in Q2 2020.Here is my last update for the U.S. Total Debt All Sectors...Read More

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