The S&P/TSX Venture Exchange rose 6.14 points or 0.725% to 846.35. Spot gold fell US$2.25 per oz. or 0.11% to US$1,978.70 per oz. Shares of Vizsla Silver rose 34 ? to $2.79. The company released assay results from seven new drill holes targeting the Copala and Christiano veins, located east of the Tajitos resource area, at its 100%-owned Panuco silver-gold project in Mexico. Highlights included 7...Read More
The S&P/TSX Composite Index rose 157.43 points or 0.73% to 21,462. The S&P/TSX Global Mining Index decreased 2.96 points or 2.4% to 122.83 and the S&P/TSX Global Base Metals Index fell 3.79 points or 1.79% to 211.22. The S&P/TSX Global Gold Index fell 0.72 points or 0.2% to 355.42 and spot gold fell US$2.25 or 0.11% to US$1,978.70 per ounce. Shares of Augusta Gold rose by 19% to $1.45 on the re...Read More
The Dow Jones Industrial Average fell 670.61 points or 1.99% to finish the March 7-11 trading week at 32,944.19 and the S&P 500 dropped 124.56 points or 2.88% to 4,204.31. Spot gold fell US$2.25 per oz. or 0.11% to US$1,978.70 per ounce. Intrepid Potash topped the charts, climbing US$13.63 to US$84.19 per share. The company reported net income for the 2021 calendar year of US$249.8 million or US$...Read More
Those pesky insiders are at it again.Just when you thought our politicians in Washington couldn't get any lower, they go and do something like this...First it was the 2008 financial crisis, then the pandemic, and now the war in Ukraine.It's mind-blowing that our lawmakers are still allowed to do this, but hey, they make the laws, so they feel like they can do what they want with their investments....Read More
We spoke with Tony Schreck, who is the Managing Director of Pacgold. Pacgold Limited (ASX: PGO) is a gold exploration Company, focused on progressing its key asset, the 100% owned Alice River Gold Project, in North Queensland, at the northern end of the Northeast Queensland Mineral Province. This gold-rich Province contains several multi-million-oz gold deposits. There are several past producing g...Read More
We spoke with James Sykes, who is CEO and Director of BASELODE Energy Corp. (TSXV: FIND, OTCQB: BSENF). BASELODE currently controls 100% of approximately 227,000 hectares for exploration in the Athabasca Basin area, northern Saskatchewan, Canada. The land package is free of any option agreements or underlying royalties. As part of the Company's Athabasca 2.0 exploration strategy, of looking outsid...Read More
Harmony Gold Mining Company Limited (NYSE:HMY - Get Rating)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $5.23, but opened at $4.99. Harmony Gold Mining shares last traded at $4.93, with a volume of 142,523 shares changing hands. Several research firms recently weighed in on HMY. Investec [...]Read full newsRead More
For immediate release 11 March 2022 Serabi Gold plc("Serabi" or the "Company") Further high-grade intersections recorded from underground development of the Serra orebody at the Coringa Mine Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, is pleased to provide a development update on its wholly owned Coringa project in the Tapajos region of Para State...Read More
Barclays reissued their overweight rating on shares of Hochschild Mining (LON:HOC - Get Rating) in a report released on Monday, MarketBeat reports. Barclays currently has a GBX 155 ($2.03) price target on the stock. Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. reduced their target price on [...]Read full newsRead More
Toronto, Ontario--(Newsfile Corp. - March 10, 2022) - Caprock Mining Corp. (CSE: CAPR) (Read full newsRead More
Harmony Gold Mining Company Limited (NYSE:HMY) shares, rose in value on Thursday, March 10, with the stock price up by 2.96% to the previous day's close as strong demand from buyers drove the stock to $5.32. Actively observing the price movement in the recent trading, the stock is buoying the sessRead full newsRead More
Share this article VANCOUVER - MAG Silver Corp. [MAG-TSX, NYSE American] signed a definitive arrangement agreement to acquire all of the issued and outstanding common shares of Gatling Exploration Inc. [GTA-TSXV; GATGF-OTCQB] in an all-share transaction. Each Gatling shareholder will be entitled to receive 0.01702627 of a common share of MAG Silver for each share of Gatling held.The consideration...Read More
"A golden bait hung temptingly out before the people, and one after the other, they rushed to the tulip-marts, like flies around a honey pot. Nobles, citizens, farmers, mechanics, sea-men, footmen, maid-servants, even chimney-sweeps and old clothes-women, dabbled in tulips."- Charles Mackay, Extraordinary Popular Delusions and the Madness of CrowdsIn the mid-1600s, tulips had become all the rage i...Read More
Wyloo Metals has approved a $4.9 million drill program to explore the West Raglan project in northern Quebec's Nunavik region as part of its earn-in agreement with Orford Mining (TSXV: ORM). Wyloo, run by Australian billionaire Andrew Forest, aims to drill about 2,500 to 3,000 metres at West Raglan this year and will focus on the Frontier, Beverly and Boomerang zones. Last year Orford identif...Read More
MAG Silver (TSX: MAG; NYSE-A: MAG) is acquiring Canadian junior Gatling Exploration (TSXV: GTR) in an all-share deal.Gatling shareholders would receive 0.017 of a MAG common share for each Gatling share held, valuing Gatling at approximately $0.40 per share. The share consideration reflects a 49.1% premium relative to the company's closing price on the TSX Venture Exchange on March 10 and a 47.4...Read More
The New York-quoted equity of Wheaton Precious Metals Corp. (Nasdaq: WPM: TSX: WPM) fell on Friday after the company overnight reported lower earnings and revenue, missing analyst forecasts for the fourth quarter of 2021.Unphased by the equity performance, president and CEO Randy Smallwood tells MINING.COM in an interview, the company is generating strong free cash flow. WPM reported nearly $200 m...Read More
Guinea's ruling junta has ordered a full halt of Rio Tinto's (NYSE: RIO; LSE: RIO; ASX: RIO) vast Simandou iron ore project in the country's southeast, with interim president Mamady Doumbouya saying it is not clear how the mine will preserve national interests.The current government, which took power in a military coup in September, said in a statement that Doumbouya had not seen any progress in...Read More
Russia is going to default on its debt.It could happen as soon as next month, if not next week.It's a given.Russia's next bond payment is due on March 16, but even with a 30-day grace period, no one in their right mind believes Russia is actually going to pay it.In fact, it probably couldn't even if it wanted to.That's because Western sanctions have barred Russian banks from accessing foreign curr...Read More
First Majestic acquired the Jerritt Canyon Gold Mine from Sprott Mining Inc. on April 30, 2021. The Jerritt Canyon property contains ...Read More