Labrador Gold (TSXV: LAB) announced today that it is staking additional 92 claims at the Hopedale project, located 30 kilometres southwest of the community of Hopedale in eastern Labrador, Canada.In detail, the claims are situated at the northern end of the Florence Lake greenstone belt, which is adjacent to the Thurber Dog area where the company has reported grab samples up to 7.87 g/t gold and w...Read More
Despite Argentine President Mauricio Macri's pro-business policies, international mining companies are still reluctant to invest in Argentina amid a lack of regulatory clarity.More than two years into Macri's term, the country's dormant gold, silver, lithium and copper reserves - some discovered more than half a century ago - remain mostly untapped. "Conditions in Argentina are not sufficient for...Read More
(Kitco News) - Gold prices are near steady in afternoon U.S. trading Wednesday, in the wake of the just-released FOMC minutes that were deemed as tilting barely toward the dovish camp on monetary policy. June Comex gold futures were last down $0.30 an ounce at $1,291.70. July Comex silver was last down $0.14 at $16.435 an ounce. The U.S. data-point highlight of the week is Wednesday afternoon&rsqu...Read More
Gold falls to a new low in 2018; silver does not.Silver's range has been narrowing.A big move can follow a tightening range.Silver loves to shock.The ratio tells us that silver is still too cheap.Gold and silver have been closely linked for over five thousand years. In around 3000 BC, the first Egyptian Pharaoh Menes stated that two and one-half parts silver equal one-part gold. The statement...Read More
Investing.com - Gold prices were lower on Wednesday, as investors looked ahead to the meeting minutes of the Federal Reserve and the dollar strengthened.Comex gold futures for June delivery were down 0.24% to $1,288.90 a troy ounce as of 10:34 AM ET (14:34 GMT).Investors are looking ahead to the latest meeting minutes from the Federal Reserve. The minutes are set to be released at 2:00 PM ET (18:3...Read More
(Bloomberg) - Goldcorp Inc. Chief Executive Officer David Garofalo says he's happy with his company's portfolio of assets, but that doesn't mean he doesn't have a wish list.In an ideal world, the company would have an asset in Nevada's Carlin Trend. "If you're an Americas-based gold company, you should be there. Barrick and Newmont are there and we should be there," he said in an interview in Tor...Read More
By Tom WilsonIt's becoming hard to keep track of all of Glencore's legal battles in the Democratic Republic of Congo.The world's biggest commodity trader is facing the possibility of a bribery investigation by British prosecutors over its work with Dan Gertler, an Israeli billionaire and close friend of Congo President Joseph Kabila.That's on top of other disputes, like a conflict with Gertler ove...Read More
Gold is at the bottom of it's trading range.GLD gaps below it's 200 day MA for 4th time.Gold stocks ignoring the recent drop in Gold prices.US$ Index entering resistance area.Whenever Gold (GLD) prices move down, it seems to provoke fears of further weakness. Most of the talking heads on the squawk box are negative Gold and pushing their equity holdings and funds. It is disappointing that...Read More
The major gold miners’stocks are still largely grinding sideways, mired in a bearish sentimentwasteland. Traders tend to assume lowstock prices must be righteous, reflecting weak fundamentals rather than poorpsychology. But once a quarter earningsseasons’ bright fundamental sunlight parts the obscuring fogs of popularsentiment. The gold miners’just-reported Q1&r...Read More
Vancouver, British Columbia - May 18, 2018 (Newsfile Corp.) (Investorideas.com Newswire) EMX Royalty Corporation (TSXV: EMX) (NYSE American: EMX) ("EMX") is pleased to announce its acquisition of 2,020,202 common shares of Boreal Energy Metals Corp. ("BEMC"), representing an additional 4% equity stake in BEMC, and bringing EMX's aggregate interest to 9.9% of BEMC's issued and outstanding shares. E...Read More
Anthony Milewski, Chairman and CEO of Cobalt 27 Capital, at the company's cobalt warehouse in Rotterdam, the Netherlands. Photo courtesy Cobalt 27 Capital Corp.Analysts at Citi Research are optimistic on the outlook for cobalt.In a commodities outlook report dated May 14, 2018, Citi Research said Cobalt prices are set to rise by a further 20% over the next two years on the back of a sustained defi...Read More
May 15, 2018 (Investorideas.com Newswire) James Kwantes, editor of Resource Opportunites, profiles a company exploring in gold-rush country in the Yukon.It's early afternoon on an overcast Yukon day and CEO Peter Tallman is in show and tell mode at Lone Star, one of Klondike Gold Corp.'s (KG:TSX.V) projects in the heart of the historic Klondike goldfields. The geologist is dressed in old jeans, a...Read More
As a recovering Gold bug I have great sympathy for what die-hard bitcoin fans are about to experience. Years and years of grinding lower with the occasional wicked spikes up that bear markets are known for.Don't get me wrong- I'm with the minarchists (e.g. Libertarians) and anarcho-capitalists in my excitement for crypto-currencies and their ability to transact anonymously not to mention their p...Read More
Skeena's Snip Mine 44 Portal and technical crew. Source: Skeena Resources Ltd.Skeena Resources Ltd. [SKE-TSXV; SKREF-OTC] on Wednesday May 16 released analytical results from the first eight holes of the recently initiated Phase II underground drilling program at the company's 100%-owned Snip Project in British Columbia's Golden Triangle region.Previously owned by Barrick Gold Corp. [ABX-TSX, NYSE...Read More
Last week index score: 45.85 (updated) This week: 25.90Prospero Silver (TSX-V: PSL) and Fortuna Silver Mines (TSX:FVI) amended their strategic financing agreement and amended the 2018 work program in Mexico.NuLegacy Gold (TSX-V: NUG) began drilling on its Red Hill in the Cortez gold trend of Nevada.Zinc One Resources (TSX-V: Z) announced additional drill results from the Mina Grande Sur zone at it...Read More
Canada's Yamana Gold Inc. (TSX: YRI) (NYSE: AUY) said it poured Tuesday first gold and silver dor?(C) at its Cerro Moro mine, located in Argentina's Santa Cruz province.The Toronto-based miner, which began construction at Cerro Moro in 2015 and expects to finish building it this year, said ramp-up remained on track, with commercial production expected in the second quarter of the year.Once at ful...Read More
A mining industry group said yesterday the commission appointed to draft regulations to effect the 2018 code had officially completed its work.The group represents significant mining development projects and more than 85% of the DRC's copper, cobalt and gold production, including Randgold Resources, Glencore, Ivanhoe Mines, Gold Mountain International/ Zijin Mining Group, MMG Limited, AngloGold As...Read More
Q1 results illustrated how my long-term bullish thesis on Barrick is beginning to play out.Debt paydown, gold price appreciation, and improving operational proficiency lead to credit rating upgrades, higher earnings, and an improved free cash flow to earnings ratio.The company is finally moving past the Acacia and Pascua-Lama quagmires and is poised to pour its large and growing cash pile into gro...Read More
Manufacturers, particularly in the technology and automotive sectors, are under increasing pressure from customers to demonstrate that products are made with responsibly-sourced materials. Transparent supply chains that trace where the materials come from and what practices were used to produce them are expected by shareholders and the public. But unlike similar programs gaining momentum in other...Read More
Ivanhoe executive chairman Robert Friedland said the company wanted to build some of the "greenest" mines in the world.Under the memorandum of agreement with the Mogalakwena local municipality, Platreef will receive a minimum of five million litres of treated water a day for 32 years, beginning in 2022, from the town of Mokopane's new Masodi Treatment Works.Ivanplants will provide up to US$19.6 mi...Read More