McLean Lake uranium mill in the Athabasca basin of northern Saskatchewan, 22.5%-owned by Denison Mines, (AREVA 70%). Source: Denison Mines Corp.Denison Mines Corp. [DML-TSX; DNN-NYSE American] said Tuesday December 18 that it has elected to advance its Wheeler River uranium project in Saskatchewan following positive pre-feasibility study results.Denison is a uranium exploration and development com...Read More
Share this articleTORONTO - A panel at the Ontario Securities Commission has approved a $30-million settlement with Katanga Mining over the company's misleading statements and its failure to properly disclose the risks of operating in the Democratic Republic of the Congo.Katanga, majority owned by Swiss mining giant Glencore Plc, says as part of the settlement it will make a $28.5-million payme...Read More
On April 17, 1793, three French soldiers broke into the tomb of Michel de Nostredame, a man we know as Nostradamus.Legend has it that one man, a Corporal Adelaide, picked up the skull in an attempt to gain the power of the long-dead seer.His fellow soldiers bore witness that his eyes opened wide as he gained full knowledge, then was immediately struck down and killed by an errant bullet, fired fro...Read More
Congratulations to the Colorado School of Mines graduating class of 2018. This video highlights parts of the undergraduate and graduate commencement ceremonies that took place on Dec. 14 at Lockridge Arena. Read More
Fifty years ago, Golden residents buried a time capsule in front of City Hall, next to the city's Liberty Bell, with instructions that it be opened on Nov. 11, 2018. It was the city's second time capsule, the first buried in 1918 to commemorate the end of World War I and opened 50 years later on Nov. 11, 1968. Flash forward to today, and Veteran's Day 2018. As part of the city's celebration of t...Read More
The Ontario Securities Commission has fined Katanga Mining (TSX: KAT) along with former members of its board of directors, including Aristotelis Mistakidis, Glencore's (LON: GLEN)'s head of copper trading, for disclosure violations and internal control failures that led to the company making misleading financial disclosure to investors.In a settlement with the Ontario Securities Commission today,...Read More
Constantine Metal Resources (TSXV: CEM; US-OTC: CNSNF) has boosted the overall tonnage at its Palmer polymetallic project in southeast Alaska by 43% with a maiden resource for the project's AG zone.The AG zone, located 3 km from the main Palmer deposit, contains 4.25 million inferred tonnes grading 4.64% zinc, 0.12% copper, 0.96% lead, 119.5 grams silver, 0.53 gram gold and 34% barite, or 9.04% zi...Read More
The gold price fell 0.7% to close the trading week at US$1,238.10. The Philadelphia Gold and Silver Index fell 0.5% to 67.59 and the Dow Jones Industrial Average fell 1.18% to 24,100.51. The S&P 500 Index fell 1.2% to 2,599.95. Shares of Iamgold rose 2.7% to US$3.38, after the company announced a maiden resource for its Gossey satellite gold deposit, 15 km northwest of its Essakane gold mine in Bu...Read More
Aurion Resources jumped 21 ? to $1.10 per share on drill results from its Risti project in northern Finland. The company reported that high-grade mineralization intersected in several drill holes in the Aamurusko zone may define a coherent zone or shoot made up of at least two primary gold-bearing vein sets filling the space of the shoot. Aurion noted that finding a shoot-like geometry linking int...Read More
The S&P/TSX Composite Index dropped 1.35% to finish at 14,595.07. The S&P/TSX Global Mining Index rose 1.6% to 64.51 and the S&P/TSX Global Base Metals Index increased 0.47% to 101.42. Spot gold fell US$9.70 per oz. to US$1,238.10 per oz., and the S&P/TSX Global Gold Index lost 0.26% to finish at 174.67.Shares of Wheaton Precious Metals rose on news of a settlement with the Canada Revenue Agency r...Read More
Easier said than done (2018 has certainly been a most humbling year for many investors/speculators), but hey, we have to try don’t we?Here’s a broader, macro view of 2018 performance across various sectors…Coupled with the fact that we are nearing the end of the year (most everyone is on holiday/vacation), there’s most likely a lack of interest (liquidity) in certain names,...Read More
One of the lasting inventions that has not only survived the test of time but is also still a vital part of modern life is the electric motor.We take it for granted, but we use it every single day, whether it's in common household appliances like the washer and dryer or the heaters and A/C units that are found in our automobiles.In fact, the electric motor is so ubiquitous that you probably don't...Read More
Desert Gold Ventures Inc. (the "Company") (TSXV:DAU, FF: QXR2, OTC: DAUGF) announces, subject to approval of the TSX Venture Exchange and further to its news release of November 30, 2018 that the Company has closed the first tranche (the "First Tranche") of its non-brokered private placement of up to 5,000,000 units at a price of CDN $0.15 per unit (the "Unit") to raise up to an aggregate of CDN $...Read More
Kakamega County has 1.31 million ounces of deposits valued at Sh171 billion, according to Mining MinistryRead full newsRead More
The industrial patterns of mining shaped many Australian towns, which found varied uses for disused mine sites. The mining boom ensures the challenges these sites present will be with us a long time.Read full newsRead More
CloseGain/LossGold $1246.30+$8.00Silver$14.67+$0.09XAU69.19+2.37%HUI156.72+2.66%GDM570.75+1.84%JSE Gold1302.25+3.60USD97.14-0.32Euro113.47+0.42Yen88.54+0.31Oil$49.88-$1.3210-Year2.858%-0.035T-Bond143.75+0.46875Dow23592.98-2.11%Nasdaq6753.73-2.27%S&P2545.94-2.08% The Metals: Gold saw slight losses in Asia, but it then climbed steadily higher in London and New York and ended near its early a...Read More
Gold is not only flowing from West to East.It is also flowing into the house account at Goldman Sachs. Or at least the paper claims for it in New York.Below is the monthly report showing the large amounts of physical gold which have been steadily flowing through the Shanghai markets into strong hands in China.Few commentators are talking about this.What is less familiar, and what I have not read...Read More
The planned merger, which creates the world's top gold miner by value and output, has been approved by the Royal Court of Jersey.Read full newsRead More
Red Pine Exploration Inc. (the "Company") (TSXV:RPX) is pleased to announce that its non-brokered private placement, previously announced on November 23, 2018, has been oversubscribed. Read full newsRead More
"Investors are flocking to gold in the fourth quarter, as volatile markets and a trade dispute have boosted demandhttps://t.co/wym3nHX9s3 via @WSJ"Read full newsRead More