The company said lower grade at its Chuquicamata underground mine caused by geomechanical and material handling problems, and lower plant availability also contributed to the decline.Read More
The Ukrainian money-laundering racket continues. Last week Joe Biden pledged another $3 billion in aid to Ukraine. The aid includes weapon systems that will allow Ukraine to defend itself over the "long term."Just how long is the long term? How long does the administration plan on watching Ukraine be destroyed simply because they want to weaken Russia?By now, it's a familiar script. Ukraine says,...Read More
Japan's Honda Motor and South Korean battery maker LG Energy Solution plan to invest US$4.4 billion to build a new battery production plant for electric vehicles in the U.S.The news comes on the heels of a string of recent announcements that aim at cutting China out of supply chains for EVs.It also marks the latest plans by automakers to invest in U.S. production of battery cells for EVs, as the i...Read More
Three diamond drills are turning at Collective Mining's (TSXV: CNL; US-OTC: CNLMF) newly discovered copper-gold-silver Apollo target in west-central Colombia.Apollo is one of eight porphyry-related targets the company has found within a 3-km by 4-km cluster, and is part of the Guayabales project, where it has an option to earn 100% interest.The new results are from two diamond drill holes - APC-3...Read More
The S&P/TSX Venture Composite Index drifted slightly lower over the Aug. 8-12 trading session by 0.6% or 3.99 points to end the week at 645.92. Shares in lithium developer Sigma Lithium rose $5.98 or 23.4% during the session to end at $31.53 apiece. Sigma continues with construction of its Grota do Cirilo spodumene project in Brazil's Minas Gerais state, with commissioning of the first-phase pla...Read More
Over the Aug. 22-26 trading period, the S&P/ TSX Composite Index fell 238.09 points or 1.18% lower, to 19,873.29. The S&P/TSX Global Mining Index gained 2.37 points or 2.54% to 95.54, and the S&P/TSX Global Base Metals Index gained 8.5 points or 5.28% to 169.6. The S&P/TSX Global Gold Index fell by 2.89 points or 1.22% to 233.36, and spot gold ended the week at US50 ? per oz. higher, or 0.29%, at...Read More
The Dow Jones Industrial Average fell 1,423.34 points or 4.22% to 32,283.40, and the S&P 500 closed the trading week at 170.82 points or 4.04% lower at 4,057.66.The week's top US-based value gainers were three potash companies, highlighting an intensifying supply squeeze brought on by Russia's war in Ukraine.Intrepid Potash was the trading week's top value gainer, adding US$12.73 to close at US$55...Read More
The need to discover new sizeable economic nickel deposits has never been more acute as the world transitions to a clean-energy-driven economy that relies heavily on nickel-based battery technologies and more robust nickel-infused steel products. Set against this backdrop, The Northern Miner presents a top-ten ranking of the best nickel drill intercepts reported up to Aug. 17, 2022, with the top...Read More
Graphite One (TSXV: GPH; US-OTC: GPHOF) has released a prefeasibility study on developing a mine at its Graphite Creek property in Alaska and building a battery anode materials manufacturing plant in Washington state. The study was based on a proposed mine life of 23 years and a 26-year operating life for the manufacturing plant, which would use purchased graphite for the first four years until t...Read More
Colombian finance minister Jos?(C) Antonio Ocampo said the government has withdrawn a plan to introduce a 10% duty on gold exports included in the tax reform bill submitted by the new leftist government of President Gustavo Petro in early August.The proposal sought a 10% export tax on the value of gold exports whenever the metal price exceeded US$400 per ounce.The benefits of such plan would have...Read More
Our TNM Drill Down feature highlights the top gold assays of the past week. Assays are ranked by gold grade x width, as identified by our sister company Mining Intelligence. TNM Drill Down Aug. 19-26, 2022.Brisbane-based Santana Minerals (ASX: SMI) delivered the top intercept of the week from its Bendigo-Ophir project in New Zealand's Central Otago goldfields. Hole MDD054 cut 1 metre of 1,400...Read More
CNBC, Released on 8/29/22Steve Hanke of Johns Hopkins University says U.S. Federal Reserve Chair Jerome Powell is "still going on about supply side glitches" and has "failed to tell us that inflation is always caused by excess growth and the money supply."Steve Hanke is an American applied economist at the Johns Hopkins University in Baltimore, Maryland. He is also a senior fellow and director of...Read More
Daily Reckoning, Released on 8/29/22The Ukrainian money-laundering racket continues. Last week Joe Biden pledged Continue... Rickards: Russia to Lead New OPEC? added by Herman James on 08/31/2022View all posts by Herman James ?+'Read More
Dear Outsider,America was founded on debt.From 1703 to 1775, the 13 Colonies borrowed huge sums of money from the British.At the time of the American Revolution, Colonial merchants and planters owed British creditors 5 million pounds.While the colonists worked to build a "free market," the British were embroiled in multiple wars, including the Seven Years' War, which doubled the national debt and...Read More
Birch Gold Group, Released on 8/29/22Although a Fed U-turn toward a "new normal" of double-digit inflation would be a best-case scenario for gold, Patterson Continue... World's Largest Hedge Fund Makes The Ultimate Case For Gold added by Herman James on 09/20/2022View all posts by Herman James ?+'Read More
That would be in the event of votes going against the passing of the constitution, which is the likely outcome according to recent polling that saw 45.Read More
Retirement Lifestyle Advocates, Released on 8/28/22The stock market today, at 170% of GDP, is not in any regards reflective of the underlying conditions of global central banks tightening into a worldwide recession. This statement from Michael Pento, our guest this week on Retirement Lifestyle Advocates radio. Your host, Dennis Tubbergen, talks with Pento about the comparison of today's equites ma...Read More
Armstrong Economics, Released on 8/28/22There is NOTHING that the politicians EVER say that is the truth. Hiring 87,000 new IRS agentsContinue... Armstrong: The Real IRS Hunt added by Herman James on 08/28/2022View all posts by Herman James ?+'Read More
Daily Mail (via MSN), Released on 8/28/22New COVID-19 booster shots are set to be authorized this week by the Food and Drug Administration (FDA) and will be available to most Americans before human testing has even been completed.Continue... New Covid Boosters Will Be Released Before Human Testing Has Even Been Completed! added by Herman James on 08/28/2022View all posts by Herman James ?+'Read More
The Epoch Times (via Zero Hedge), Released on 8/28/22The Chief of the European Central Bank (ECB) has said that climate change is behind soaring inflation, stating that droughts and famines are driving up prices.Continue... European Central Bank Chief Blames Climate-Change For Red-Hot Inflation added by Herman James on 08/28/2022View all posts by Herman James ?+'Read More