Premier Gold Mines (TSX:PG) stock appreciated as much as almost 18% on Friday, and by the end of the trading day, it appreciated more than 10%.As a small-cap gold-focused company with a market cap of about $315 million, Premier Gold Mines stock is more sensitive to news about its exploration. Last Thursday, the company gave an update on the progress of two new mine development projects at the Sout...Read More
MOD's shares were down 17.65% Monday to A28c (US20c).The fall came despite the company, which has teamed up with Metal Tiger (AIM:MTR) in Botswana and recently listed in London, saying it had intersected wide zones of visible disseminated copper sulphides within an interval from 85m to 385m down hole depth at the third hole drilled at T23.These were similar to the mineralisation intersected in the...Read More
New Gold's New Afton Mine processing facility near Kamloops, southern British Columbia. Source: New Gold Inc.New Gold Inc. [NGD-TSX, NYSE American] said Monday December 10 its senior management team has been reorganized to better align the company's corporate structure with a smaller asset base.As part of the announced restructuring, New Gold has eliminated five vice-president positions. To streng...Read More
Installing underground support at the Cozamin Mine in Mexico. Source: Capstone Mining Corp.Capstone Mining Corp. [CS-TSX] said Monday December 10 that it has significantly increased reserves by 89% and is planning for a 30% increase in production at its Cozamin Mine in Zacatecas Mexico. Details are contained in an updated technical report that was released on Monday.However, Capstone shares eased...Read More
Alacer Gold's Ardich oxide gold deposit is located approximately 6 km northeast of its Copler Gold Mine (shown above) in east-central Turkey. Source: Alacer Gold Corp.Alacer Gold Corp. [ASR-TSX; AQG-ASX] on Monday December 10 announced a maiden mineral resource estimate for the Ardich oxide gold deposit located approximately 6 km northeast of its Copler Gold Mine in east-central Turkey.Alacer is a...Read More
Share this articleTORONTO - North American investors endured a wild ride as markets rebounded from deep declines in trading on broad-based weakness led by the energy sector.The S&P/TSX composite index closed down 66.85 points to 14,728.28 after hitting a triple-digit decline in earlier trading.In New York, the Dow Jones industrial average was up 34.31 points at 24,423.26. The S&P 500 index w...Read More
Oil prices jumped over 4% on Friday. And traders were ecstatic.But the excitement was short-lived.OPEC announced at a meeting in Vienna on Friday that it would cut crude production by 1.2 million barrels per day in an effort to lift prices. Reuters reported this was 0.2 million over the expected output cut.The market responded. Crude for January delivery increased to over $54 per barrel... but gav...Read More
White Gold Corp (TSX.V: WGO; OTC - Nasdaq Intl: WHGOF; FRA: 29W) owns a portfolio of 21,218 quartz claims, across 34 properties, in the emerging White Gold District of the Yukon, Canada, totaling over 423,000 hectares (approximately 40% of the district). This makes White Gold Corp the largest landholder in the District. We learned from David D'Onofrio, CEO of White Gold Corp, that their entire lan...Read More
Anaconda Mining Inc. (TSX:ANX, OTCQX: ANXGF) is a gold mining, development and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The company operates the Point Rousse and Tilt Cove Projects, located in the Baie Verte Mining District in Newfoundland, comprised of the Stog'er Tight open pit mine, the Pine Cove open pit mine, the Argyle M...Read More
A pair of lightweight chainsaw chaps for forest firefighters took the top prize at the Fall 2018 Cornerstone Design Final Competition on Dec. 5. A total of 26 student teams from Introduction to Design (EDNS 151) exhibited their projects at the final competition, representing the top team from each class section.Blaster Disaster Rescue Crew won first place and $1,000 for their innovative personal...Read More
A group of Colorado School of Mines students has partnered with the Chad William Young Foundation to develop an algorithm that could help cyclists avoid accidents like the one that took Young's life in 2017. Members of the Capstone Design team - Canaan Forslund, Thomas Staver, Hunter Nelson and James Frazar - were recently interviewed on 9News Denver about their project. Watch the full segment be...Read More
Less than two weeks after being appointed executive chairman and CEO of Sandy Lake Gold (TSXV: SLAU), Patrick Sheridan has steered the Red Lake-focused junior towards several strategic acquisitions in Guyana.Sheridan has been credited with the discovery, financing and development of the Aurora gold mine in a remote part of Guyana's rain forest, about 170 km southwest of the capital of Georgetown....Read More
Alacer Gold (TSX: ASR; US-OTC: ALIAF) has tabled a maiden resource for its Ardich gold deposit, located 6 km northeast of its 80%-owned Copler gold mine in east-central Turkey. The current resource is within areas 80% owned by Alacer.Ardich contains 6.92 million measured and indicated tonnes grading 1.32 grams gold for 294,000 oz. gold. It also contains 2.2 million inferred tonnes at 1.2 grams gol...Read More
Over the last 15 years, Newcrest Mining (ASX: NCM) has discovered gold deposits in Australia, Papua New Guinea and Indonesia, and continues to explore and evaluate prospects in those countries, as well as in many others including Fiji, North America, Mexico, Cote d'Ivoire, Chile, Argentina and Ecuador.This week it signed an option agreement in Chile to earn up to a 75% interest in Cornerstone Capi...Read More
Under the agreement, South32 will provide US$1 million funding for generative work and acquisitions per year over two years.Generative work will focus on copper and other base metal projects within the Laramide and Tertiary magmatic arcs of Arizona, New Mexico and Utah.Any projects progressed to drilling can be selected as designated projects and will advance under separate options agreements.Sout...Read More
One year ago, I was on the precious metals panel at the New Orleans Investment Conference. I was asked if cryptocurrencies had replaced gold as a safe haven.I laughed, answered no, and explained we would have more clarity once cryptocurrency traders had their faith tested.They are having that faith tested and most - surprise, surprise - have capitulated and moved on.Bitcoin has dropped approximate...Read More
Oil prices jumped over 4% on Friday. And traders were ecstatic.But the excitement was short-lived.OPEC announced at a meeting in Vienna on Friday that it would cut crude production by 1.2 million barrels per day in an effort to lift prices. Reuters reported this was 0.2 million over the expected output cut.The market responded. Crude for January delivery increased to over $54 per barrel... but gav...Read More
For the Eastern Washington town of Republic, dreams of revival rest on a new approach to gold mining.Read full newsRead More
"NG Weekly: Narrow Balance Development, 4.231s-4.63s, As Two-Sided Trade Continues Around Developing High Volume Node, 4.517s. https://t.co/QwofrGKICY"Read full newsRead More
For the Eastern Washington town of Republic, dreams of revival rest on a new approach to gold mining.Read full newsRead More