Former Bank of Canada governor and current head of the Bank of England Mark Carney issued a stern warning about the dangers of Bitcoin and other cryptocurrencies in an address to the Inaugural Scottish Economics conference in Edinburgh this week."Classic hallmarks of bubbles"In his speech, Carney labeled the cryptocurrency market as a failure and drew comparisons to a lottery, where people find ri...Read More
Gold is down and it's because some investors - both institutional and retail - are working themselves up about interest rate hikes.There's a new sheriff in town - Federal Reserve Chairman Jerome Powell - and with the economy in seemingly good shape, the expectation is that he'll immediately start jacking up interest rates.Well, it's not true.And I know it's not because I've watched this happen in...Read More
This week it's KPMG and Goldcorp in Toronto hosting the start-up firms that might just change mining with their fresh ideas. Last week it was Japanese equipment manufacturer Komatsu in Brisbane. The company's general manager Ryoichi Togashi said he was "blown away by the calibre of solutions" presented at the Brisbane 'Transform Mining' event.Staff reporter Komatsu general manager Ryoichi Togashi...Read More
Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (15,384.59, down 9.36 points)Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down two cents, or 0.50 per cent, to $3.96 on 9.9 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Down 15 cents, or 1.39 per cent, to $10.63 on 6.3 million shares.Barrick Gold Corp. (TSX:ABX). Min...Read More
A hundred years ago, it was bigger than sliced bread...A revolutionary metal that the entire world was scrambling to secure...The lithium of its day...With WWI looming, tungsten was a strategic metal that could have changed the face of history.Tungsten was actually discovered over 200 years earlier. In the 1780s, German and Swedish chemists were the first to isolate tungsten. Its name is derived f...Read More
EHR Resources (ASX:EHX) has initiated the next phase of its exploration programme at the La Victoria Gold Project in cooperation with Eloro Resources Limited (TSX-V:ELO).EHX has indicated that exploratory drilling will be a key focus moving forward at the site, which is located in the north-central mineral belt of Peru.The company formally notified Eloro that it would proceed with the stage two ea...Read More
Metals junior, Pacifico Minerals (ASX:PMY), today updated the market on its progress across its exploration portfolio of polymetallic projects in Colombia and Australia.PMY is focused on advancing its Borroloola West Copper/Zinc/Lead/Cobalt/Silver Project in the Northern Territory. This project covers a promising package of ground north-west of the McArthur River Mine, the world's largest producin...Read More
Despite tough market conditions over the last few years, West Red Lake Gold Mines Inc.'s (CSE:RLG) persistence in continuing their drill program was rewarded in 2017Angela Harmantas | March 2, 2018 | SmallCapPower: A Canadian junior miner's commitment to keeping the drills turning during a bear market paid off in a big way in 2017. Armed with increasingly promising drill results and some bonanza...Read More
Do you ever wish the U.S. government didn’t know you exist?Faith doesn’t exist, according to the U.S. government.Her parents thought it was wrong for the government to assign children a number. In a sense, they thought they could keep their children free by keeping them out of all records.All nine children were born at home using midwives who agreed not to file any paperwork. They all...Read More
Do you ever wish the U.S. government didn’t know you exist?Faith doesn’t exist, according to the U.S. government.Her parents thought it was wrong for the government to assign children a number. In a sense, they thought they could keep their children free by keeping them out of all records.All nine children were born at home using midwives who agreed not to file any paperwork. They all...Read More
China, Australia and Russia are the largest producers of gold in the world, but which countries round out the list? Find out here.Read full newsRead More
When the American stock market took a heavy hit earlier in February, some major companies found solace in share buybacks.Read full newsRead More
CloseGain/LossGold $1315.30-$2.30Silver$16.49+$0.10XAU78.93+0.85%HUI173.26+0.81%GDM601.82+0.78%JSE Gold1066.31-2.64USD90.27-0.36Euro122.66+0.66Yen94.24+0.41Oil$60.99-$0.6510-Year2.807%-0.055T-Bond145.3125+0.875Dow24608.98-1.68%Nasdaq7180.56-1.27%S&P2677.67-1.33% The Metals: Gold fell $14.80 to $1302.80 in midmorning New York trade, but it then shot back higher in afternoon trade and ended...Read More
- Four key themes to drive gold prices in 2018 - World Gold Council annual review- Monetary policies, frothy asset prices, global growth and demand and increasing market access important in 2018- Weak US dollar in 2017 saw gold price up 13.5%, largest gain since 2010- "Strong gold price performance was a positive for investors and producers, and was symptomatic of a more profound shift in s...Read More
Renforth Resources Inc. (CSE:RFR) ("Renforth" or the "Company") is pleased to announce that Eagle Geophysics of Sorel, Qc has been retained to fly a helicopter borne high resolution Quadri-Mag, VLF and AFMAG Survey over our New Alger project which hosts both the Thompson-Cadillac Mine Area maiden resource and the Discovery Veins gold system.Read full newsRead More
Viva Gold Corp (TSX-V:VAU) (the "Company" or "Viva") is pleased to report a Mineral Resource estimate for the Tonopah Gold Project located on the prolific Walker Lane Gold Trend of Western Nevada about 20 miles northeast of the town of Tonopah, Nevada.Read full newsRead More
The U.S. oil and gas industry on Thursday slammed President Donald Trump's plan to impose tariffs on imported steel, saying the move would kill energy jobs by raising costs for big infrastructure projects.Officials at the nation's top energy industry trade groups issued statements urging Trump to reconsider the idea, and a source familiar with Exxon Mobil Corp's investment plans said the tariff co...Read More
Wallbridge Mining Company Limited (TSX:WM, FWB:WC7) ('Wallbridge') is pleased to announce that it will be participating in the PDAC International Convention on March 4-7, 2018 at Booth #2442 in the Investors Exchange. The conference is being hosted at the Metro Toronto Convention Centre in Toronto, Canada.Read full newsRead More
Vancouver-based Darien Resource Development (TSXV: DRR), which will soon change its name to New Energy Metals Corp., announced today that has entered into an agreement with Artemis Mining to acquire a 100% interest in the Cristal project located in northern Chile. In detail, the mining site is located along the West Fissure, near the border with Peru, which hosts to the majority of Chile's large p...Read More
Velocity Minerals Ltd. (TSX-V:VLC) ("Velocity" or the "Company") announces that it has received the first assay results of the 2018 drill program.Read full newsRead More