- Clint SiegnerThe world has truly entered uncharted waters with negative interest rates spreading so far and wide. Frank Holmes, CEO of US Global Investors, recently noted that a whopping 25% of all bonds sold globally now carry a negative yield. "Investors" are even buying some "junk" rated bonds which will repay the bearer less than purchase price upon maturity. Now European banks, who ha...Read More
Indonesia's President Joko Widodo will make the final decision on whether t...Read full newsRead More
With 11 of 13 First Nations reaching settlements on land claims and a new gold mine set to ramp up production, Yukon was the focus of discussion during the Territorial Panel at The Northern Miner's annual Canadian Mining Symposium held at Canada House in London, U.K., earlier this year.The panel consisted of Yukon Premier Sandy Silver; Graham Downs, president and CEO of ATAC Resources (TSXV: ATC);...Read More
The gold price has retreated back down to ~$1,501/oz, after briefly hitting a new high of ~$1,534/oz earlier in the day.Gold and gold mining stocks have put in strong returns these past months, but may need a breather to digest some of the gains.So far in 2019, GDXJ is up 32.79% but it is still trailing GDX, which is up 35.04%.As we head into the fall season, there are a plethora of macro news eve...Read More
"IAMGOLD Reports Remaining Assay Results from the 2019 Delineation Drilling Program at the Nelligan Gold Project, Quebec https://t.co/XADB5mu5TM"Read full newsRead More
Sellers successfully raised their spot offers for cobalt metal in the first half of this week against trader position taking and modest consumer restocking in anticipation of higher prices in the coming weeks. Fastmarkets assessed the price for cobalt standard grade, in-whs Rotterdam at $14.65-15.70 per lb on Wednesday August 14, up by 11% compared with last Friday's assessment of $13.05-14.30 per...Read More
Americas Silver (TSX: USA; NYSE: USAS) expects to start producing gold before year-end at its fully funded Relief Canyon project in Nevada, 153 km northeast of Reno.The mine will produce about 91,000 oz. gold per year over a 5.6 year mine life at all-in sustaining costs (AISCs) of US$801 per ounce.Americas Silver picked up the project - which includes three historic open-pit mines and a fully perm...Read More
Six months after delivering a positive feasibility study for its Madsen gold project in Red Lake, Ont., Pure Gold Mining has landed a US$90-million financing to bring it into production.The junior is targeting the end of 2020 for the first gold pour at the high-grade, past-producing underground project.The financing, which consists of a US$65-million loan and US$25-million callable gold stream, is...Read More
* Nickel price rose to 16-mth high on talk of earlier export banRead full newsRead More
Shares of HudBay Minerals (TSX: HBM; NYSE: HBM) plunged 21.4% after a ruling by the U.S. District Court for the District of Arizona halted construction at the company's Rosemont copper-molybdenum project in the state.The court challenged the U.S. Forest Service's issuance of a Final Record of Decision (FROD) on the project and ruled to vacate and remand the FROD. The U.S. Forest Service issued the...Read More
The company said last week it deeply regretted to report "that an incident involving local police and unauthorised artisanal miners within the Rosebel concession has resulted in the death of an unauthorised miner".It said its emergency response team was activated, appropriate authorities had been notified and an investigation into the incident had begun."To ensure the security of our workforce, we...Read More
Investing.com - Gold prices rose on Tuesday in Asia ahead of an expected rate cut by the U.S. Federal Reserve.Gold futures for August delivery on the Comex division of the New York Mercantile Exchange rose 0.3% to $1,424.30 by 12:45 AM ET (04:45 GMT).Markets widely expect the Fed to cut rates by at least 25 basis points this week. Some traders previously speculated the central bank to slash rates...Read More
It was the turn of the silver metals to shine this week as nickel, silver and palladium all made gains while gold dipped from recent high points. With a report from Wood Mackenzie speculating that battery raw materials could face a supply crunch by the mid 2020s, and Roskill offering a view that “despite the current hype, nickel prices remain well below recent highs”, the meta...Read More
The annual tour of mining camps in the Yukon sponsored by the Yukon Mining Alliance (75%) and the Government of Yukon (25%) never fails to impress, and this year's trip in mid-July was no exception. From visits to family-run placer mining camps in and around Dawson City to daily flights on Alkan Air's nine-seat Cessna Caravans headed to far-flung exploration camps and mine development projects - t...Read More
Australian mining engineer Palmer was Newmont's COO and promoted to the dual roles of president and COO last year.In February, former Rio Tinto executive Rob Atkinson was announced COO, effective June 1, freeing up Palmer to take on the CEO role when Gary Goldberg retired in the fourth quarter.Newmont said Goldberg would serve as executive advisor to support Palmer and the executive leadership tea...Read More
Silver popped nicely, rallying nearly 7.5 % from low to high over the past two weeks, beating gold's 4.8% gain.The gold/silver ratio has dropped a little more than 6 full points in the past week, falling from a high just north of 93 ounces of silver to purchase one ounce of gold, to just under 87.In last week's blog we identified $16.20 per ounce as a key level for silver. That level was t...Read More
The electrification of transport is transforming the demand and supply of battery raw materials. We expect to see double-digit growth for battery raw materials over the next decade. Our latest research suggests they could face a supply crunch by the mid-2020s.Read full newsRead More
"Roskill: "Despite the current hype, #nickel prices remain well below recent highs, and still have a long way to go to reach required incentive price levels." https://t.co/fzDtGvcHjJ"Read full newsRead More
Pure Gold Mining (TSX-V: PGM and LSE: PUR), the company focused on advancing the Madsen Red Lake Gold Project to become Canada’s next major gold mine, received a huge endorsement in the eyes of investors this week, as mining money guru Eric Sprott poured his millions into the gold developer alongside key, strategic cornerstone investors; AngloGold Ashanti, the third largest gold minin...Read More
This is my final editorial for The Northern Miner, as I will soon depart to join gold miner Agnico Eagle Mines as a senior geologist in their Toronto head office, working on technical writing.After almost 23 years at the Miner, including the past 14 years as editor-in-chief, I've been overwhelmed by the hundreds of well-wishes coming in from around the world after my departure was announced, repre...Read More