ENDEAVOUR ACHIEVES FIRST GOLD POUR AT ITY CIL PROJECT 4 MONTHS AHEAD OF SCHEDULE View News Release in PDF HIGHLIGHTS Over 8.5 million man-hours have been worked without a lost time injury The ...Read full newsRead More
Brazilian mining giant Vale (NYSE:VALE) has been hit by a local court injunction that forces it to freeze operations at 13 of its tailings dams in the country.The world's biggest iron ore producer, which is expected to release its fourth-quarter figures on Wednesday, said the order will impact production at its massive Brucutu mine, as it will now take longer than expected to bring it back on li...Read More
Australia's OceanaGold (ASX, TSX: OGC) has withdrawn from two exploration projects in Argentina in which spent about $4.5 million (C$6m) over the past two years as explorations results have not met the miner's expectations.Mirasol Resources (TSX-V:MRZ), the owner of La Curva and Claudia prospects in Argentina's Santa Cruz province, said that while results to date weren't what OceanaGold expected,...Read More
ENDEAVOUR ACHIEVES FIRST GOLD POUR AT ITY CIL PROJECT 4 MONTHS AHEAD OF SCHEDULE View News Release in PDF HIGHLIGHTS Over 8.5 million man-hours have been worked without a lost time injury The ...Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. After rallying more than 20 points or 1.9% and reaching as high as 1150.89 intraday on Thursday, The Index gave back a good portion of those gains as the week ended. The INK Canadian Insider Index held onto 4.6 points and a close of 1133.53. MACD rose 2.7 points to -1.7. RSI rebounded a...Read More
B2Gold (TSX: BTO; NYSE-AM: BTG) was created as a junior exploration company in 2007, and since then it has grown to become an intermediate gold producer, with five mines in four countries.Last year production reached 953,504 oz. gold - a 51% jump over 2017 - sending revenues nearly doubling year-on-year to US$1.2 billion, and cash flow almost tripling to US$451 million.That war chest helped B2Gold...Read More
Before he founded International Tower Hill Mines (TSX: ITH; NYSE-AM: THM) in the mid-2000s and discovered the Livengood deposit in Alaska - a development project that now has an estimated 19.7 million oz. gold - Jeffrey Pontius worked for seven years as the U.S. and North American exploration manager for AngloGold Ashanti (NYSE: AU). It was during his time at the South African miner that the geolo...Read More
The mid-tier gold miners' stocks have been rallying on balance in recent months, carving a solid young upleg. They've mostly finished reporting their latest fourth-quarter results, revealing how they are faring fundamentally. Their operating and financial performance is very important for investors, as the mid-tier realm is where most of the gold-stock sector's gains accrue. They fared reall...Read More
Growing economic and geopolitical uncertainty continues to weigh on stocks and support the price of defensive assets — notably, gold. There are growing claims among analysts that gold could reach US$1,400 an ounce or even higher during 2019. This will be a boon for gold miners with high-quality low-cost operations, like Dundee Precious Metals (TSX:DPM).Production at Krumovgrad commencesThe i...Read More
Despite the claims by some pundits that silver, known as poor man's gold, is overdue for a massive rally, there are signs that the white metal will remain weak over 2019. This is a tremendous deterrent against choosing to invest in primary silver miners, particularly when it is considered that even with gold firming to over US$1,300 per ounce, silver has failed to perform.Lack of investmentThe whi...Read More
Toward the end of 2018 gold rallied sharply peaking at over US$1,343 per ounce before pulling back to be trading at US$1,313 an ounce. This has been a boon for gold miners with many rallying sharply to see the VanEck Vectors Gold Miners ETF rising by 21% for the year to date, which is around seven times greater than gold's 3% gain. There are signs that despite the yellow metal's latest pullback,...Read More
Brexit, a global economic slowdown, and trade uncertainties are all contributing to stronger precious metal prices. It also helps that within Basel III, gold is categorized as a risk-free asset.Basel III is a set of international banking regulations developed by the Bank for International Settlements to promote stability in the international financial system. This set of tougher rules (compared to...Read More
The global equity recovery that took benchmarks to a five-month high is now showing signs of cracking amid weakening data and a pivot by global central banks away from monetary normalisation, which itself reflects concerns about the outlook, Bloomberg said.Gold was above US$1,316 an ounce on the spot market earlier and gold equities were a standout on global markets.Australian-based gold major New...Read More
Rubicon's Phoenix Gold Project in the Red Lake mining camp of northwestern Ontario. Source: Rubicon Minerals Corp.Rubicon Minerals Corp. [RMX-TSX; RBYCF-OTC] on Monday March 25 released its plans for advancing its flagship Phoenix gold project near Red Lake, Ontario, this year.The company said it aims to produce a NI 43-101 mineral resource estimate in the first half of 2019, based on 20,000 metre...Read More
Wallbridge Mining's Fenelon gold property in northwestern Quebec. Source: Wallbridge Mining Co. Ltd.Wallbridge Mining Co. Ltd. [WM-TSX; WC7-FWB] shares were active Monday March 25 after the company released encouraging results from its 100%-owned Fenelon gold property in northwestern Quebec.Wallbridge said the first hole of its 2019 drill program has intersected multiple visible gold-bearing shear...Read More
Life doesn’t always go according to plan… or ummm script. Really, if you rewind the tape to just a few years ago (or even in the summer of 2016 when I more or less decided it was time to pursue early FI full-time), I couldn’t have predicted that I’d be in the situation that I find myself in currently…Personally, I think the unpredictably of real life is what makes it...Read More
Premier Gold Mines Limited (TSX:PG) is a low-cost, mid-tier gold producer, with two producing gold mines - South Arturo and Mercedes - as well as mine development opportunities at McCoy-Cove in Nevada and Hardrock in Ontario. We learned from Ewan Downie, President CEO of Premier Gold, that the Company is currently undergoing an important transformation. The near-term goal is to increase its future...Read More
Lithium investors are panicking!Last year was terrible for lithium.And so far, 2019 hasn't treated them any better.Since the beginning of 2018, the price of lithium has fallen by as much as 30%.Lithium 5-YearNow, the price of cobalt - another vital component in lithium-ion batteries - has plunged almost 70% since March.What we're looking at here is a market bubble that just popped.Are lithium pric...Read More
March 25, 2019 - Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the "Company" or "Brixton") is pleased to announce that it has been approved for trading of its Common Shares on the OTCQB Market, a U.S. trading platform that is operated by the OTC Markets Group in New York. Effective immediately, the Company's Shares will trade on the OTCQB under the symbol BBBXF. Previously, its Shares...Read More
Canada's benchmark index fell 0.31% to 16,089.22. The S&P/TSX Global Mining Index rose 1.4% to 75.07 and the S&P/TSX Global Gold Index rose 2.8% to 199. The gold price rose 0.85% to US$1,313.40.Shares of Barrick Gold rose 93 ? to $18.36. In March 2019 the company agreed to form a joint venture with Newmont Mining in Nevada, combining operations that in 2018 produced a total 4.1 million oz. gold. B...Read More