Randgold Resources was able to start up production at its Tongon mine once again, following several work stoppages that plagued the mine in Q1 2018.Read full newsRead More
Morning Market Breakdown, May 1: The start of the month brought red across the board, affecting both markets and commodities.Read full newsRead More
Nexus Gold Corp. (TSXV:NXS,OTC:NXXGF,Frankfurt:N6E) reports management and board changes.Read full newsRead More
Wallbridge Mining Company Ltd. (TSX:WM, FWB:WC7) ('Wallbridge' or the 'Company') is pleased to announce work onthe 35,000-tonne bulk sample at its Fenelon Gold Property is ahead of schedule and that the following milestones have been achieved:Read full newsRead More
Botswana Diamonds (LON:BOD) is expanding its operations from its base country to neighbouring Zimbabwe by teaming up with Vast Resources (LON:VAST) to jointly explore for diamonds in that country.The memorandum of understanding signed Tuesday sees the two companies exchanging past exploration information on areas prospective for diamonds in Zimbabwe. It also says the parties will set up a jointly...Read More
(Bloomberg) - Pierre Andurand, one of oil's most prominent hedge fund managers, said the current reluctance of energy companies to invest in new production meant $300 a barrel was "not impossible" within a few years.Andurand, who's often espoused bullish views, said in a series of tweets on Sunday that concern about the impact of electric vehicles on future demand was limiting investment in proj...Read More
(Bloomberg) - Denmark may be open to financial incentives to buy electric cars after seeing a dramatic drop in sales of non-polluting vehicles, according to Prime Minister Lars Lokke Rasmussen."We have tax incentives for electric cars, and you could discuss if they should be bigger. I will not exclude that," Rasmussen said in an interview in Copenhagen. Any new incentives would be announced along...Read More
(Bloomberg) - Some big investors see warning signs ahead for markets but are holding their positions. Egyptian billionaire Naguib Sawiris is taking action: He's put half of his $5.7 billion net worth into gold.He said in an interview Monday that he believes gold prices will rally further, reaching $1,800 per ounce from just above $1,300 now, while "overvalued" stock markets crash."In the end you...Read More
Teck Resources says that everything is going to plan at the new Fort Hills oilsands mine, with production now exceeding 50 percent of capacity just four months into commercial operations.The project, which is majority owned and operated by Suncor Energy, has nameplate capacity of 190,000 bbls/d. Official first oil occurred in January 2017.Teck, which holds approximately 21 percent stake in the pro...Read More
Supply constraints affecting cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars, could slow production rates of such power storage units in the near term, Moody's Investors Service has warned."Declining ore grades for copper, continued lack of investment in new mines and the time required to bring new discoveries to production will constrain metal avai...Read More
MELBOURNE May 1 (Reuters) - Mining services provider Mineral Resources Ltd on Tuesday said it was looking to sell a minority stake in its Wodgina Lithium mine in the west of Australia.The Australian company said in a statement that it was seeking partners to take up to 49 percent of the project in the Pilbara region, after receiving a number of unsolicited approaches from parties interested in a s...Read More
With Australia predicted to be the leading LNG exporter by 2022, growth in the industry has been strong this year.Domestic supply and international exports have both been increasing, and the Department of Industry, Innovation, and Science is forecasting for LNG exports from Australia to reach $35 billion by the end of 2018.That, coupled with the prediction that Australia will become the world's la...Read More
Gold has dipped sharply in recent days because of easing geopolitical tensions, subsiding fears of a trade war between the U.S. and China, and renewed optimism in the outlook for the global economy. The lustrous yellow metal has fallen by 3% since hitting a 2018 high of US$1,364.40 per ounce in late January to be trading at US$1,307 per ounce. While it may soften further, there are signs that gold...Read More
Mr. Vishal Gupta reportsCALIFORNIA GOLD ANNOUNCES NEW HIGH-GRADE ASSAYS FROM THE QUEEN SPECIMEN ZONE - INTERSECTS 2.06 G/T AU ACROSS 19.3 M, INCLUDING 9.14 G/T AU ACROSS 0.5 M AND 5.11 G/T AU ACROSS 3.4 M AT FREMONT (TRUE WIDTHS ARE APPROXIMATELY 91% OF REPORTED INTERVALCalifornia Gold Mining Inc. has releasednew assay results from the continuing resource drilling program at the Queen Specimen zo...Read More
Mr. Matthew Hornor reportsMAPLE GOLD REPORTS DRILL RESULTS FROM CENTRAL PORPHYRY ZONE AT DOUAY: 158.2M @ 1.25 G/T AU, INCLUDING 52 METRES @ 3.53 G/T AUMaple Gold Mines Ltd. has released additional drill results from its current winter drilling campaign at the Douay gold project. Hole DO-18-216 intersected52 metres grading 3.53 grams per tonne gold (uncut), within a broader 158.2-metre interval gra...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD REPORTS SOLID EARNINGS AND CASH FLOW IN FIRST QUARTER 2018, ANNOUNCES DIVIDEND INCREASEKirkland Lake Gold Ltd. has provided its financial and operating results for the first quarter of 2018. The company's full financial statements and management discussion and analysis are available on SEDAR and on the company's website. The company also announced today...Read More
(Kitco News) - May could have a few surprises up its sleeve for gold traders, according to INTL FCStone, including Iranian nuclear deal as well as a close below $1,303.Gold’s trading range for this month is projected to be between $1,285 and $1,338, commodities consultant with INTL FCStone Edward Meir said in Monthly Market Overview report published on Wednesday.Some of the main downward pri...Read More
Mr. Vishal Gupta reportsCALIFORNIA GOLD ANNOUNCES NEW HIGH-GRADE ASSAYS FROM THE QUEEN SPECIMEN ZONE - INTERSECTS 2.06 G/T AU ACROSS 19.3 M, INCLUDING 9.14 G/T AU ACROSS 0.5 M AND 5.11 G/T AU ACROSS 3.4 M AT FREMONT (TRUE WIDTHS ARE APPROXIMATELY 91% OF REPORTED INTERVALCalifornia Gold Mining Inc. has releasednew assay results from the continuing resource drilling program at the Queen Specimen zo...Read More
Mr. Michael Allen reportsSTEP-OUT DRILLING BY NORTHERN EMPIRE DEMONSTRATES RESOURCE EXPANSION AND NEW DISCOVERY POTENTIALNorthern Empire Resources Corp. has released exploration results from drilling the Daisy and Secret Pass deposits. These are two of four deposits that the company controls and is actively exploring within the 100-per-cent-owned, 141-square-kilometre Sterling gold project in Nye...Read More
Mr. Darin Wagner reportsBALMORAL CONTINUES TO EXPAND BUG GOLD DEPOSIT AND NEARBY HORSEFLY ZONE DOWN PLUNGEBalmoral Resources Ltd.'s initial results from the winter 2018 drill program on the company's Martiniere property in Quebec have successful extended down plunge both the South zone of the Bug gold deposit and the proximal, near-surface Horsefly gold zone.Drill holes MDE-18-324 and 325 both int...Read More