West Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining The "doctor" in this case is not really a doctor, it's the global management consulting firm McKin...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade.Energy equities and related ETFs are expected to open lower after the price of crude oil dropped $5.40 to US$108.50 per barrel in overnight trade. Tesla gained $61.38 to $1,072.00 after the company indicated plans to split its stockApple dropped $2.27 to $172.45 after reportedly cutting it...Read More
Shares of Pure Gold Mining (TSXV: PGM) fell to its lowest in a year after the company announced it will need to raise funds within the next 30 days to fund its operations and service the interest on its debt. The company, which operates the PureGold underground mine, located in Red Lake, Ont., said its cash balance stands at about $9 million. "Over the next six months [Pure Gold] will require...Read More
Osisko Metals (TSXV: OM; OTC: OMZNF) has signed an option to purchase the former Gasp?(C) copper mine from Glencore Canada. The mine, located near Murdochville, Quebec, was developed and operated by Gasp?(C) Copper, a subsidiary Noranda Mines.Osisko has agreed to make an up-front payment of US$25 million to be paid by way of a convertible note when the arrangement closes. A further US$20 million w...Read More
The S&P/TSX Venture Composite Index rose 19.65 points or 2.3% over the Mar. 21-25 trading week to end at 866. The top two gainers on the Venture Exchange by value for the period were both lithium companies. After more than quadrupling in value last year, the price of battery grade lithium carbonate has only continued to gain momentum this year.Shares in Sigma Lithium, which is also listed on the N...Read More
Over the Mar. 21-25 trading period, the S&P/TSX Composite Index fell 3.19 points or 0.014% to 22,005.94. The S&P/TSX Global Mining Index increased 2.06 points or 1.61% to 127.39 and the S&P/TSX Global Base Metals Index rose 4.35 points or 1.92% to 226.52. The S&P/TSX Global Gold Index rose 0.29 points or 0.08% to 350.04 and spot gold ended the weekUS$18.75 per oz. higher, or 0.95%, at US$1,953.80...Read More
The Dow Jones Industrial Average rose 308.25 points or 0.88% to 34,861.24 and the S&P 500 rose 81.88 points or 1.80% over the week to 4,543.06. Shares of Gatos Silver fell 17.3% or 91 ? to $4.36. The company said that it intended to delay the filing of its annual report for 2021 beyond the prescribed deadline of Mar. 31, 2021. The company is focused on producing a new life-of-mine plan and upda...Read More
Cornish Metals (LON, TSX-V: CUSN) is getting closer to reopening the South Crofty tin-copper mine in Cornwall, southwest England, as a group of investors including mining veteran Mick Davis are injecting ?40.5 million (US$53.1 million) into the company.Davis's battery metals investment firm Vision Blue Resources (VBR), whose main strategy is acquiring stakes in assets linked to electric vehicles...Read More
Following a tense meeting with human resources personnel, the union that represents MMG's Las Bambas workers announced the launching of a protest action as they demand a review of the end-of-year profit amounts paid by the mining company to its employees.In a media statement, the union says that this is the first time that employees receive their share of the profits since the copper mine became f...Read More
Mining, together with construction, retail trade and services, is among the sectors most affected by cold and wet weather consequence of climate change in the United States.A recent study led by University of Cambridge researchers looked at the environmental impact over five decades on 10 different economic sectors in the 48 contiguous U.S. states - excluding Alaska and Hawaii - from 1963 to 2016...Read More
We spoke with Chris Doornbos, who is President and CEO of E3 Metals Corp. (TSXV: ETMC, FSE: OU7A, OTCQX: EEMMF), an emerging lithium developer and leading direct lithium extraction technology ("DLE") innovator, developing their large Clearwater Lithium Project in Alberta, Canada.The Company's Lab-Pilot Prototype, which has been operating since October, has delivered 97% lithium recovery. Through t...Read More
George Gammon, Released on 3/28/22George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the a...Read More
YouTube/PeterSchiff, Released on 3/28/22Japanese will pay higher taxes, officially or through inflation.All bonds, not just treasuries, will fall in price.Biden calls for new wealth tax.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He f...Read More
The Mining Code was amended in February, the Water Code in late March, a mining royalty is likely to be imposed in the coming months and a process to draft a new constitution is likely to strengthen environmental laws.Despite the current uncertainites regarding future mining regulation and taxation, Chile continues to draw investment. "We have seen a number of deals recently with South32 [which bo...Read More
Minister of Public Works, Juan Carlos Garcia, whose portfolio includes the Direction General of Waters (DGA) said the reform seeks the "fair water transition, which solves the problems of inequity suffered by thousands of people in access to this vital element."Under the new code, water rights will be given for a maximum of 30 years depending upon the availability of water sources, rather than ind...Read More
All wars are full of lies. Winston Churchill famously said, "In wartime, truth is so precious that she should always be attended by a bodyguard of lies."We accept that idea broadly. Secret invasion plans should be closely held. The identities of spies must be kept under wraps. New weapons and defensive tools should not be revealed because enemies will be alerted to their potential and begin offens...Read More
Daily Reckoning, Released on 3/28/22All wars are full of lies. Winston Churchill famously said, "In wartime, truth is so precious that she should always be attended by a bodyguard of lies."Continue... Rickards: I've Never Heard So Many Lies added by Herman James on 03/30/2022View all posts by Herman James ?+'Read More
Of Two Minds (via Dollar Collapse), Released on 3/28/22Sealing the USD's coffin requires conjuring up a replacement reserve currency, and that turns out to be a lot more challenging than many understand.Continue... Charles Hugh Smith: Cancel the Funeral for the US Dollar: The "Patient" Just Leaped Out of the Coffin added by Herman James on 04/02/2022View all posts by Herman James ?+'Read More
In response to Russia’s war on Ukraine, the U.S. and G-7 countries have launched a currency war against the Kremlin. Sanctions imposed on the Russian central bank have effectively blacklisted the country from the U.S. dollar-dominated global financial system.Now the Biden administration is attempting to prevent Russia from using gold as an alternative medium of exchange.Last week, the Treasu...Read More
In response to Russia’s war on Ukraine, the U.S. and G-7 countries have launched a currency war against the Kremlin. Sanctions imposed on the Russian central bank have effectively blacklisted the country from the U.S. dollar-dominated global financial system.Now the Biden administration is attempting to prevent Russia from using gold as an alternative medium of exchange.Last week, the Treasu...Read More