UBS sees gold price falling, but still long-term bullish
Amid gold’s recent weakness, UBS Group has once again trimmed its near-term outlook on the yellow metal, though the bank still sees prices reaching higher over the longer horizon. In…
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Treasure Hunt Video: Geology grads find 6 New Brunswick gold coins
Oliver Baker and Bella Ruppert have found six 1-oz. gold coins valued at about $35,000 (US$25,000) after months of tracing clues through New Brunswick’s old mining districts. The pair uncovered…
Montage Gold boosts Koné resources by 58%
A resource update for Montage Gold’s (TSX: MAU; US-OTC: MAUTF) main Koné project in Côte d’Ivoire has expanded total contained gold by almost 58% and grades by 24% over the…
AbraSilver’s copper-gold results suggest district scale potential at La Coipita
AbraSilver Resource (TSX: ABRA; US-OTC: ABBRF) has drilled its best hole yet at La Coipita in Argentina, honing a Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK)-funded copper growth story beside…
Rinehart’s $1B SpaceX bet targets mining beyond Earth
Australia’s richest person Gina Rinehart sees potential ties between its critical minerals portfolio and Elon Musk’s space venture as demand grows.
Arafura Rare Earths eyes Australia’s first ore-to-oxide mine at Nolans
Flush with a recent A$350 million ($246 million) investment, Arafura Rare Earths (ASX: ARU) is looking to a September construction start at its Nolans mine in Australia’s Northern Territory that…
Petra Diamonds cuts threaten 1,800 jobs, union says
South Africa’s largest mining union says workers are being unfairly blamed for industry pressures as Petra Diamonds restructures its Finsch and Cullinan operations.
Baffinland gets $110M loan, court-approved extension
Canada’s Baffinland Iron Mines has been given a financial lifeline and additional time to stabilize operations while the struggling private company restructures under creditor protection. The Ontario Superior Court of…
China’s gold market cools amid ETF outflows: report
China’s gold market cooled in May as weaker prices, robust equity markets and soft jewelry demand weighed on investment activity, according to the World Gold Council (WGC). Chinese gold exchange-traded…
Avanti Gold’s Misisi project celebrates 10 years on CSE
Investors and Avanti Gold (CSE: AGC; US-OTC: AVTGF) management this week marked 10 years of its Misisi project being held by a succession of Canadian listed entities. Misisi is…
Marenica growth backs Elevate’s Namibia uranium push
Elevate Uranium (ASX: EL8; US-OTC: ELVUF) has grown the contained Marenica uranium resource in Namibia by a third, expanding the scale of the deposit on which the patented U-pgrade processing…
Blast from the Past: Hunt brothers’ fateful silver gamble
Texas oil heirs Nelson Bunker and William Herbert, known as the Hunt brothers, in the 1970s started collecting piles of physical silver stock and futures contracts. Distrustful of paper money…