Where is gold headed from here?
After a two-day policy meeting last week, the U.S. Federal Reserve said it will maintain its accommodative monetary policy (read easy money) and will keep its overnight interest rates near…
News
Equinox releases feasibility on expansion of “cornerstone” Castle Mountain
Gold producer Equinox Gold (TSX: EQX; NYSE: EQX) has announced the results of a feasibility study on an expansion of its 12,700 tonne-per-day Castle Mountain heap leach mine in California…
Fortune Bay updates Goldfields resource in Saskatchewan
Fortune Bay (TSXV: FOR) has released an updated pit-constrained resource estimates for the Box and Athona deposits, 2 km apart, at its past-producing Goldfields project in northern Saskatchewan. The latest…
Top five EV makers responsible for 50% of cobalt deployed in 2020
In 2020, a total of 18,750 tonnes of cobalt were consumed in the batteries of newly-sold passenger EVs globally, an increase of 29% year-over-year, a new report by Adamas Intelligence…
US markets slip, March 15-19
The Dow Jones Industrial Average dropped 0.46% to finish the week at 32,627.97 and the S&P 500 fell 0.77% to 3,913.10. Spot gold fell by US$17 per oz., or 0.98%, to…
TSX Venture down, March 15-19
The S&P/TSX Venture Composite Index rose 1.38% to finish the trading week at 995.80. Spot gold declined by US$17 per oz., or 0.98%, to US$1,744.90 per ounce. Great Bear Resources jumped $1.64…
TSX mixed, March 15-19
The S&P/TSX Composite Index fell 0.53% to 18,854 during the Mar. 15-19 trading week. The S&P/TSX Global Mining Index slipped 2.68% to 103.66, and the S&P/TSX Global Base Metals Index…
New Found Gold advances Queensway project in Newfoundland
Earlier this year New Found Gold (TSXV: NFG; US-OTC: NFGFF) said it plans to double its 2021 drill program to 200,000 metres and eight rigs at its flagship Queensway project…
Global Gold Exploration Snapshot: Eight companies on the move
With gold’s reputation as a store of value and recent gold-focused merger and acquisition activity, there is renewed investor interest in companies active in this exploration, development and production space….
Nexa invests in Tinka Resources
Nexa Resources (TSX: NEXA; NYSE: NEXA) – one of the largest zinc producers in the world – has acquired a 9% stake in Tinka Resources (TSXV: TK; US-OTC: TKRFF), which…
Mining profits reach US$230 billion a year, only topped by oil & gas, pharma
Mining companies adopted a more conservative approach after the 2015-16 market downturn to adjust to more volatile commodity prices, focusing on cost cutting, productivity and expanding liquidity says a new…
Auteco to take majority stake in Pickle Crow gold project
Encouraged by positive results from its exploration program at the Pickle Crow gold project in northern Ontario, Australian junior Auteco Minerals (ASX: AUT) is planning to take a 51% interest…