Scotland is one step closer to having its first commercial gold and silver mine as Scotgold Resources (LON: SGZ) said Thursday it had submitted the last application to secure planning permits for its Cononish project, near Tyndrum.The company, which has decided to liquidate its French subsidiary, said that it had worked with the Trossachs National Park Planning Authority (NPA) to secure all the ne...Read More
Scotland is one step closer to having its first commercial gold and silver mine as Scotgold Resources (LON: SGZ) said Thursday it had submitted the last application to secure planning permits for its Cononish project, near Tyndrum.The company, which has decided to liquidate its French subsidiary, said that it had worked with the Trossachs National Park Planning Authority (NPA) to secure all the ne...Read More
Canada's Solaris Copper, which spun out of Equinox Gold in June, received a shot in the arm on Thursday as Freeport McMoRan (NYSE: FCX) has agreed to a deal that would give the US miner up to 80% in the Vancouver company's early stage Ricardo property, in Chile.The option agreement, Solaris said, provides for a three-staged process by which Freeport can earn up a majority interest in the Chilean...Read More
Researchers at the University of California - Berkeley have discovered that a bacterium named Moorella thermoacetica produces solar fuels through artificial photosynthesis in a very efficient way when fed with gold.In a paper published in Nature Nanotechnology, the scientists explain that by placing light-absorbing gold nanoclusters inside the CO2-hungry bacterium, they have created a biohybrid sy...Read More
An investor in Hudbay Minerals Inc. wants to meet with the Toronto miner to discuss replacing members of its board, as well as to seek assurances it won't pursue acquisitions or joint venture without consulting shareholders, according to a person familiar with the matter.Waterton Global Resource Management has expressed its concerns to Hudbay Chairman Alan Hibben, telling him that it would reserve...Read More
"'DON'T PANIC!!!!' Just 6.9% off of the most offensive valuation extreme in history." - Tweet from John Hussman, Hussman FundsThe above quote from John Hussman was a shot at the financial media, which was freaking out over the sell-off in the stock market on Wednesday and Thursday last week. As stock bubbles become more irrational, the rationalizations concocted to explain why stocks are still che...Read More
Since you cannot share with us any of your favorite gold stocks, can you tell us what you look for in a gold stock(s)?"There are many things that I look for in a company and for the most part that information is available. I read companies' news releases and updates and many independent research services The problem is at times interpreting and coming to a conclusion. And it is difficult t...Read More
Garibaldi Resources' land position in the Golden Triangle region of northwestern British Columbia. Source: Garibaldi Resources.Garibaldi Resources [GGI-TSXV; GGIFF-OTC] reports that the continuing drill program at Nickel Mountain in the Golden Triangle region of northwest British Columbia, combined with surface sampling of new massive sulphide outcrops exposed by melting ice and snow, has confirme...Read More
Nordic Gold's Laiva gold mine in Finalnd. Source: Nordic Gold Corp.Nordic Gold Corp. [NOR-TSXV; FIEIF-OTC; 2FN-FSE] has reached an agreement with PFL Raahe Holdings LP to provide US $7-million in additional financing to enable the company to reach production at the Laiva gold mine in Finland. PFL is an investment vehicle controlled by Pandion Mine Finance Fund LP.The mine is a past producer, is fu...Read More
Drilling to date is limited so true widths cannot be definitively determined. However, based on the geology of the vein zone with a steep dip to the west, true widths are estimated to be about 80-90% of reported interval lengths.Peter Fischl, Exploration Manager goes on to add, "Drilling continues to define a horizon of stronger gold mineralization. This hole targeted the shallower portions of the...Read More
James G. Pettit began his career in the resource industry in British Columbia working with his father-in-law and local legend Bern Brynelsen who were integral to the development of Noranda's copper-molybdenum Brenda Mine that was in production from 1970 until 1990.Pettit began serving as Director, President & CEO of Aben Resources Ltd in 2002. Aben Resources is a gold exploration company headqua...Read More
It's all anyone could talk about...The last big cannabis IPO of the year.Last weekend, while I was attending a cannabis investment event in Oakland, there was a lot of "big news."There was the discussion about legalization kicking in this week in Canada, the rumors about another big bull run in the cannabis space after the midterms, and, of course, the latest cannabis IPO that most insiders believ...Read More
This Miner Moment bonus segment features Salim Teja, president of venture services at the MaRS Discovery District in Toronto, as he welcomes delegates of The Northern Miner's Progressive Mine Forum held at MaRS in mid-October 2018.Salim updates us on MaRS' evolving role as a major incubator for new Canadian tech businesses and other ventures. For more information, visit www.marsdd.com.Northern Mi...Read More
Since closing its acquisition of the South Crofty tin project in Cornwall in July 2016, Strongbow Exploration (TSXV: SBW) has wasted little time laying the groundwork to put the former underground mine back into production.South Crofty was the last tin mine to close in the U.K. in 1998 and has a mining licence valid until 2071.Last year the company secured a water discharge permit to dewater the f...Read More
"Great Panther Silver (TSX:GPR) is a precious metals producing and exploration company operating in Latin America, exploring deposits in both Peru and in one of Mexico's most historically prolific mining districts. https://t.co/B8hxCMjFzA @Gr8_Panther"Read full newsRead More
The Chilean government said on Wednesday it would seek international arbitration...Read full newsRead More
CloseGain/LossGold $1223.80-$1.10Silver$14.63-$0.03XAU69.86-0.35%HUI155.23-0.06%GDM554.76-0.52%JSE Gold1190.39-23.73USD95.58+0.52Euro115.05-0.76Yen89.35-0.03Oil$69.75-$2.1710-Year3.191%+0.034T-Bond137.90625-0.59375Dow25706.68-0.36%Nasdaq7642.70-0.04%S&P2809.21-0.03% The Metals: Gold dipped $4.20 to $1220.70 in Asia before it climbed up to $1229.50 by late morning in New York, but it then f...Read More
- "Large challenges loom for the global economy to prevent a second Great Depression" warn IMF- Massive government debts and eroded fiscal buffers since 2008 suggest global dominos await a single market crash- 2008 crisis measures cast long, dark "terrifying" shadowby William Pesek via Asia TimesIs another "Great Depression" on the horizon?It would be easier to dismiss these words from Nourie...Read More
...distract!Read full newsRead More
British Columbia's Golden Triangle mining district is experiencing a modern-day gold rush on improved key infrastructure, rising gold prices and the discovery potential in a new geological model.Read full newsRead More