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Gold Price Is Up $300 Since November - So What?! / Commodities / Gold & Silver 2023

January 19, 2023 / www.marketoracle.co.uk

GOLD HEADLINES – UP $300Advisors and marketers are ecstatic:…“Nothing will be able to stop gold when it breaks to a new all-time high”  or “On the cusp of a breakout where gold can go up to $5000”  are two examples of recent exclamations about prospects for higher gold prices. The euphoria can be contagious. I’m sure that makes gold bulls feel...Read More

Why Oil Prices Fell in the Face of "Supply Shock" / Commodities / Crude Oil

January 19, 2023 / www.marketoracle.co.uk

"Crude should be at the forefront of a..."Looking back on 2022, one of the biggest fears about oil was that prices would skyrocket even more than they did due to a disruption in supply from Russia.Of course, Russia has been a major world supplier of oil, but after Russia invaded Ukraine, many global financial institutions refused to back transactions involving Russian oil. So, back in March of 20...Read More

The curse and the wolf: Mongolia's resources reckoning...

January 20, 2023 / www.mining-journal.com

Garnet cuts the path for Heavy Minerals' production plansSPONSOREDheavy minerals limitedRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsCan EV battery metal continue its incredible bull run?SPONSOREDSheffield forges ahead at Thunderbird mineral sands projectSPONSOREDsheffield resources limitedWhether they'll work remains to be seen.Read More

Picking North America M&A targets

January 20, 2023 / www.mining-journal.com

Garnet cuts the path for Heavy Minerals' production plansSPONSOREDheavy minerals limitedRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsCan EV battery metal continue its incredible bull run?SPONSOREDSheffield forges ahead at Thunderbird mineral sands projectSPONSOREDsheffield resources limitedAnalysts at Toronto-based Canaccord Genuity see miners Marathon Gold, O3 Mining, Probe G...Read More

BHP closes at record high on ASX

January 20, 2023 / www.mining-journal.com

Look beyond market approach to project valuations: van ZylLeadershipRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsCan EV battery metal continue its incredible bull run?SPONSOREDSheffield forges ahead at Thunderbird mineral sands projectSPONSOREDsheffield resources limitedThe stock had several record closes earlier this week before easing mid-week.Shares rose as high as $50.09 and c...Read More

Lion One gets $37 million funding for Fiji project...

January 20, 2023 / www.mining-journal.com

The financing facility is with US-based investment manager Nebari. It consists of a $35 million senior secured first lien term loan and a $2 million equity investment.Read More

N.American copper miners rally on copper prices

January 20, 2023 / www.mining-journal.com

Shares in Toronto-listed Copper Mountain Mining and Nevada Copper Mining have gained 33% and 31% respectively so far this year on the gain in copper prices.Read More

Excellon CEO hails 'transformational' La Negra acquisition...

January 20, 2023 / www.mining-journal.com

Shawn Howarth, CEO of Excellon Resources, talks to Mining Journal about the company's recent acquisition of the past producing La Negra mine in Mexico.Read More

Zinc shines as European smelters restart

January 20, 2023 / www.mining-journal.com

Garnet cuts the path for Heavy Minerals' production plansSPONSOREDheavy minerals limitedRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsCan EV battery metal continue its incredible bull run?SPONSOREDSheffield forges ahead at Thunderbird mineral sands projectSPONSOREDsheffield resources limitedSome traders are already penciling in a price of $3750/t in the current recovery which h...Read More

Bristow in PNG for Porgera talks

January 20, 2023 / www.mining-journal.com

Garnet cuts the path for Heavy Minerals' production plansSPONSOREDheavy minerals limitedRed Dirt rockets toward mining in 2023SPONSOREDred dirt metalsCan EV battery metal continue its incredible bull run?SPONSOREDSheffield forges ahead at Thunderbird mineral sands projectSPONSOREDsheffield resources limitedPorgera has been suspended since April 2020 after the PNG government refused to renew it...Read More

Tech Talk for Friday January 20th 2023

January 20, 2023 / www.timingthemarket.ca

U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade. The Canadian Dollar was unchanged at US74.22 cents following released of Canada's December Retail Sales at 8:30 AM EST. Consensus was a drop of 0.5% versus a gain of 1.4% in November. Actual was a drop of 0.1%.Netflix added $19.60 to $335.33 after subscriber additions beat consensus.Costc...Read More

The Countdown to Calamity Begins

January 19, 2023 / dailyreckoning.com

Today we bear grim news:Uncle Samuel has rammed his whelky head against the "debt ceiling" - the debt ceiling set presently to $31.4 trillion.Unless Congress votes to haul the jacks out of storage... and elevate the ceiling once more... the United States government can issue no additional debt... and risks default as its cupboards run bare.Come the evil day when the china is at last depleted...Eve...Read More

Canaccord bullish on gold price, Endeavour, Kinross and Probe

January 20, 2023 / www.northernminer.com

Investment bank Canaccord Genuity is upbeat on the gold price and production margins as recession looms and the United States dollar retreats. It also picks Endeavour Mining (TSX: EDV; LSE: EDV; US-OTC: EDVMF), Kinross (TSX: K; NYSE: KGC) and Probe Metals (TSXV: PRB; US-OTC: PROBF) among its top Canadian equity performers this year.?EUR??EUR? The gold price may hit an average of US$1,862 per oz....Read More

Resolute Mining grows resource to 3M ounces at Syama North in Mali

January 20, 2023 / www.northernminer.com

Resolute Mining (ASX: RSG; LSE: RSG) has updated its resource estimate for Syama North-an area adjacent to the Syama processing complex and its Syama underground gold mine in Mali.The near-surface Syama North deposit contains measured and indicated resources of 19.17 million tonnes grading 3 grams gold per tonne for 1.86 million contained oz. gold. Inferred resources stand at 14.86 million tonnes...Read More

Sitka Gold releases first resource estimate for RC project in the Yukon

January 20, 2023 / www.northernminer.com

Vancouver-based Sitka Gold (CSE: SIG; US-OTC: SITKF) has outlined an inferred resource of 1.34 million oz. gold at its Blackjack and Eiger deposits, part of the RC project in the Yukon.The inferred resource for the Blackjack and Eiger deposits combined totals 61.11 million tonnes grading 0.68 gram gold per tonne and was based on a cut-off grade of 0.25 gram gold per tonne.The resource starts at su...Read More

Vedanta to sell zinc assets for US$2.98 billion in cash

January 20, 2023 / www.northernminer.com

Multinational Indian miner Vedanta Ltd. (NSE: VEDL) is selling its zinc assets to a unit of the company, Hindustan Zinc, in a US$2.98 billion all-cash deal.Vedanta Ltd. and Hindustan Zinc are part of the London-based Vedanta Resources group. According to Bloomberg Intelligence, Vedanta Resources has about US$900 million of notes due in the first six months of this year.In a filing, Vedanta Ltd. sa...Read More

Carmacks PEA lifts Granite Creek Copper shares

January 19, 2023 / www.northernminer.com

Yukon-focused explorer Granite Creek Copper's (TSXV: GCX; US-OTC: GCXXF) Toronto-quoted equity closed in positive territory Thursday after it released strong initial economics for the Carmacks copper-gold-silver project.Located in the Minto Copper District within the traditional territories of Little Salmon/Carmacks First Nation and Selkirk First Nation, Granite's preliminary economic assessment s...Read More

Mountain Province reports Gahcho Ku?(C) production miss; ups guidance

January 19, 2023 / www.northernminer.com

Mountain Province Diamonds (TSX: MPVD; US-OTC: MPVD) has increased the 2023 production outlook for its Gahcho Ku?(C) mine in Canada's Northwest Territories despite reporting a slight miss on the mine's production targets for 2022. For the December quarter Mountain Province recovered 1.6 million carats at an average grade of 1.96 ct. per tonne, taking full-year output to 5.52 million carats agains...Read More

Talon Metals finds new nickel and copper zone several kilometres from Tamarack

January 19, 2023 / www.northernminer.com

Talon Metals (TSX: TLO; US-OTC: TLOFF) says it has found a new system of nickel and copper mineralization just 3.2 km from its Tamarack project in central Minnesota.Talon is calling this new area at the northern end of the 18-km-long Tamarack Intrusive Complex the Raptor Zone."The company's recent drilling in the Raptor Zone has suggested that the intrusive depositing the high-grade nickel mineral...Read More

Victoria Gold reports wide gold intercepts at Raven

January 19, 2023 / www.northernminer.com

Assays from Victoria Gold's (TSX: VGCX) exploration drill program at the near-surface Raven gold target, 15 km east of its Eagle gold mine in the Yukon, include 83.5 metres grading 3.59 grams gold per tonne starting from 213.5 metres.The broad intercept from drillhole NG22-155C included 6.26 grams gold over 47 metres, 20.24 grams gold over 14.5 metres and 45.84 grams gold over 5.3 metres. The hole...Read More

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