Atac Resources (TSXV: ATC) has unveiled an updated preliminary economic assessment (PEA) for its Tiger deposit in the Yukon, envisioning a smaller, higher grade operation with better economics compared to a previous PEA completed in 2016.The new PEA outlines an open-pit operation with a life of seven years (including one year of construction) and average annual production of 45,000 oz. gold. Tot...Read More
Rio Tinto (NYSE: RIO; LSE: RIO) plans to ramp up development of its Winu copper-gold project in Western Australia, with first production expected in 2023.The world's No. 2 miner continues drilling and geophysical testing at the asset, which could be its next major copper project, and is progressing discussions with land owners to keep moving forward.Chief executive officer Jean-S?(C)bastien Jacque...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexiaEarly last week, I counted 39 ASX-listed resources companies with double-digit percentage price gains. That is not an unusual occurrence.Read More
Gold prices ended lower on Tuesday, giving back a big chunk of the previous session's haven-inspired gains in a bout of apparent profit-taking. "Let's see how well gold is supported on pullbacks now-my suspicion is that it will find strong buying interesting and price support on pullbacks that...will be short-lived," Peter Spina, president and chief executive officer of GoldSeek.com, told MarketW...Read More
Gold miners have largely been boosting dividends to appease long-suffering share...Read full newsRead More
Canada's New Gold Inc said on Tuesday it has agreed to sell a 46% free cash...Read full newsRead More
The latest company news releases.Read full newsRead More
TriStar Gold Inc. is pleased to announce additional results from the drilling campaign at its Castelo de Sonhos gold project.Read full newsRead More
Silver Spruce Resources Inc. announced that the Board of Directors has appointed Ronald J. Goguen as its President, CEO and Director.Read full newsRead More
Noble announced that it has received final approval from the TSX Venture Exchange for its plan of arrangement with Canada Nickel Company Inc.Read full newsRead More
Management of Sirios Resources Inc. (TSXV:SOI) is pleased to report on the planned and ongoing work on its four gold properties.Read full newsRead More
ECR Minerals (LON:ECR) CEO Craig Brown speaks to Proactive London's Andrew Scott soon after returning from Australia where he says they've had numerous approaches and a number of site visits regarding potential deals for its assets in Victoria.Read full newsRead More
".@GoldgroupMining $GGA saw the week's biggest #TSX gains. Which others won out on the index this week? $ORA $ELD $SAU $OXC https://t.co/LWMxtW3omA #investing #gold #oil #stocks"Read full newsRead More
Before their recent surge on gold regaining $1600, the gold stocks spent much of the past half-year or so largely drifting sideways to lower. That high consolidation really weighed on sentiment, with greed giving way to apathy. This sector normally tends to suffer a seasonal slump into mid-March, paving the way for gold stocks' spring rally. That's their second-strongest seasonal surge of the year...Read More
Kirkland Lake Gold (TSX:KL)(NYSE:KL) is one of my favourite gold stocks of all time.At the start of 2019, I’d highlighted a hidden cash flow opportunity that the market was ignoring. “There’s a secret ingredient that few investors are talking about, but it has the potential to scale massive amounts of free cash flow from rising profits,” I wrote.I’d concluded that 201...Read More
El Salvador mining camp. (Image courtesy of Codelco via Flickr) Codelco has received an environmental permit for a $1 billion expansion of its Salvador mine, the state-controlled copper company said on Friday.The Rajo Inca project will increase production at Salvador to 90,000 metric tonnes per year of copper, up around 30% from current levels.Reserves at the underground operation at Salvador ar...Read More
The West Kenya project has received about $55 million in exploration investment. (Image courtesy of Shanta Gold | Twitter.) Shanta Gold (LSE: SHG) released on Friday its final results for 2019, reporting revenue of $112.8 million, up from $103.8 million in 2018.The miner's focus remained on its flagship asset, the New Luika gold mine, in Southwest Tanzania, throughout the year, it said. The compa...Read More
After yesterday's 1,000-point drop in the Dow - which is strange to think of as only 3% - and today's drop looking like it'll settle around 750 to 800, we are in a tough place.But we aren't in completely uncharted territory.You can find plenty of articles around comparing the current coronavirus outbreak to past outbreaks, and I'd bet there are more of them than you'd remember.Here is a handy cond...Read More
Excavators dig rare earth on a field of Jiangxi Copper Corp's Sichuan branch in Chengdu, Sichuan Province of China. (Image by 62|Shutterstock) The impact of the coronavirus has been felt on a range of markets as well as the macroeconomic performance of the Chinese economy during early 2020. The rare earths industry has not been exempted from these factors, as many Chinese processing facilities...Read More
Palladium (Shutterstock Image) The gold price plunge on Friday hammered other precious metals as well, with palladium marking its worst performance since the 2008 financial crisis, down more than 10%.With stocks in free fall, investors usually turn to gold as a haven of last resort. On Friday, things got so bad that they had to cash in on the metal to cover losses in other markets, spurring its...Read More