Bullfrog Gold Corp (OTC:BFGC) ("Bullfrog", "BFGC" or the "Company") is pleased to announce the final closing of a non-brokered US $1,127,400 private placement of equity.Read full newsRead More
This program will be the start of exploring the large structural zone running northward from the other company's project.Read full newsRead More
When should modern Americans care about legislation signed into law by President Ulysses S. Grant? When it causes deep environmental damage, deprives the federal treasury of billions, privileges one industry over others, practically gives away public lands, and hasn't been significantly altered in almost 150 years.The law in question is the General Mining Act of 1872, which governs the harvesting...Read More
"The Staggering Amount Of Gold & Silver Investment Since The 2008 Financial Crisis via @SRSroccoReport https://t.co/zfT4L3eVNM ..."Read full newsRead More
Canada is in danger of losing its global dominance in mining, despite recent government initiatives to improve competitiveness, according to a report from an industry association.Read full newsRead More
Diamond Services, a Hong Kong-based developer of tech systems for detecting lab-grown, imitation and treated diamonds, has created a new device aimed at amplifying the range of detectable merchandise to include all rough and polished stones in the lower yellowish-to-light-brown colour ranges.According to the developer, this is the first device capable of identifying the yellowish gems together wit...Read More
EPA Administrator Andrew Wheeler is formally recusing himself from agency reviews and permitting decisions on a proposed gold and copper mine near Alaska's Bristol Bay amid criticism his former law firm represented the developer.Wheeler promised to steer clear of matters involving the controversial Pebble Mine in an updated March 20 recusal statement, two years after his former employer, Faegre Ba...Read More
Argentina is eyeing its first major new mining project in two decades, nudged forward by President Mauricio Macri's market-oriented policies. But there's no guarantee he'll be around to take credit.Argentina's economy is tanking with the central bank hiking interest rates to ease inflation and save the peso, the worst-performing currency in emerging markets. That could put Macri on shaky ground as...Read More
Reverse circulation drilling to the north of the Dark Star deposit at Gold Standard Ventures' (TSX: GSV) Railroad Pinion project in Nevada's Carlin Trend has intersected thick zones of oxide gold.Drill hole DR19-15 returned 22.9 metres of 1.92 grams gold, including 13.7 metres of 3.04 grams gold, and drill hole DR19-26 intersected 16.8 metres of 2.58 grams gold. The two step-out holes were drilled...Read More
Dual-listed Galantas Gold (TSX, LON:GAL) is expanding capacity of the processing plant at its Omagh mine in Northern Ireland, with the goal of producing 2,000-2,5000 ounces of concentrate per month in the 2020-21 financial year.The company, which is already running an extended dayshift, plans to add a second milling shift late in the June quarter. More shifts will be added in the September quarter...Read More
Polish miner KGHM and a union representing workers at its Sierra Gorda copper mine in Chile have agreed to extend contract talks, temporarily warding off the threat of a strike, the union president told Reuters on Tuesday.Maykel Ocayo, president of the 520-member union, said workers would vote on a new contract proposal by Thursday and deliver their decision to management on Friday."The extension...Read More
Australian rare earths miner Lynas Corp (ASX: LYC) has declined to engage with conglomerate Wesfarmers on its conditional $1.1 billion takeover approach for the only proven producer of rare earth elements outside China. Wesfarmers had made a buyout offer of A$2.25 per Lynas share.Australian retail-to-chemicals company Wesfarmers had approached a vulnerable Lynas Corp with a A$1.5 billion ($1.1B)...Read More
Pancontinental Resources (TSXV: PUC) announced this week the acquisition of the St. Laurent project, located in the eastern Canadian province of Ontario.Pancontinental is purchasing the property from 2681891 Ontario Inc., with whom the company entered into an option agreement. To earn a 100% interest, the Toronto-based miner has to pay a total of $145,000 in cash and issue 1,850,000 common shares...Read More
After promising to sweeten the pot with the largest dividend in 32 years, Newmont Mining Corp. has won over two of its biggest investors - and an independent shareholder advisory firm - to the merits of a $10 billion merger with Goldcorp Inc."Paulson & Co. commends the special dividend to Newmont shareholders," a spokesman said Monday by email. "Since the Newmont board and other significant shareh...Read More
RNC Minerals (TSX: RNX) has entered an A$50 million purchase option agreement with Westgold Resources (ASX: WGX) to buy Westgold's Higginsville Gold Operation in Western Australia's Kalgoorlie region.RNC will pay A$4 million in shares for an exclusive 40-day due diligence period. If it exercises its option, the deal would close 30 days later and RNC would pay Westgold a further A$21 million in sha...Read More
Vancouver-based Skeena Resources continues to examine the past producing Eskay Creek gold mine in the Golden Triangle. The next steps are a phase one metallurgical optimization and completing a preliminary economic assessment.Despite having a gravity plant that recovered between 10% and 30% of the precious metals, a 350-t/d flotation plant, and average gold and silver recoveries of 80% and 92%, re...Read More
SNC-Lavalin Group Inc. is blasting Codelco's decision to pull the plug on a $260 million contract that was at the root of two recent profit warnings.The embattled Canadian construction giant confirmed late Monday night that it had received official notice of the termination, saying it was "appalled and surprised" by the Chilean state-owned miner's decision."We believe that this termination is unwa...Read More
Troilus Gold Corp. of Toronto reports finding a new mineralized zone in the southeast part of the J zone at the past producing Troilus gold-copper mine in the Abitibi region, 175 km from Chibougamau, Quebec. The gold-rich area is about 30 metres from surface and open at depth.Highlights of the new zone include:Hole TLG-J419-091: 1.29 g/t gold and 0.09% copper over 22 metres (1.43 g/t gold equivale...Read More
Since last spring we've written over and over again about a Fed rate cut being the catalyst for a bull move in gold stocks.The history is almost bulletproof. Many lows in gold stocks over the past 60 years coincided with the end of rate hikes.At present the Federal Reserve is in pause mode and the market is on the cusp of pricing in a rate cut. Friday, Fed funds futures showed a 56% chance of a ra...Read More
Weak inflation, a drop in retail sales, and an inverted yield curve have market watchers worried about the Canadian economy and the Canadian dollar.That got me thinking about stocks that would benefit should the Canadian dollar weakens.Here are some sectors and stocks that stand to benefit:Metals and miningMany mining companies that have assets in Canada will benefit from a falling Canadian dollar...Read More