SilverCrest weighs options after underwriter bails
As global financial markets began to melt down in response to the coronavirus pandemic, SilverCrest Metals (TSX: SIL; NYSE-A: SILV) inked a $75 million bought-deal financing on Mar. 11 that…
Articles by Trish Saywell
Commentary: What previous pandemics tell us about gold
In early January 2020, gold prices were steadily escalating on the heels of strong investor confidence fueled by some of the largest mining M&A transactions in recent history, including Newmont’s…
Global Gold Snapshot: Eight firms chasing mineral riches far and wide
Given the market volatility from the spread of COVID-19, the outlook for precious metals remains uncertain. Nevertheless, gold exploration and mine development remain important drivers of mining activity. Here are…
Nordgold takes stake in Cardinal Resources
Privately held Nordgold has taken a 19.9% stake in Cardinal Resources (TSX: CDV; ASX: CDV), which is advancing its Namdini gold project in Ghana. The Russian gold miner, whose non-executive…
US markets tank, March 16-20: Sandstorm, Alamos Gold, Rio Tinto
The Dow Jones Industrial Average fell 17.30% (4,011.64 points) to 19,173.98 and the S&P 500 dropped 14.98%(4,061.1 points) to 2,304.92 during the Mar. 16-20 trading week. Spot gold fell US$31.10…
TSX falls 14%, March 16-20: Kirkland Lake, Teck, Altius Minerals
The S&P/TSX Composite Index plunged 13.59% (1,864.5 points) to finish the March 16-20 trading week at 11,851.80. The S&P/TSX Global Mining Index fell 3.42% to 57.12, while the S&P/TSX Global…
TSX Venture plummets, March 16-20: Skeena, Azimut, Rock Tech
The S&P/TSX Venture Composite Index plummeted 8.84% (34.58 points) to finish the week at 356.54. Spot gold finished the week at US$1,498.80 per oz., down US$31.10 per oz., or 2.03%….
Rio Tinto halts Kennecott after Utah earthquake
Rio Tinto (NYSE: RIO; LSE: RIO) evacuated all of its employees from its Kennecott copper mine near Salt Lake City, Utah, after a 5.7 magnitude earthquake hit near the town…
The Next Frontier: Prospecting & mining on the Moon
Lost amid concerns about the COVID-19 coronavirus outbreak that has dominated headlines for weeks was news that the China National Space Administration (CNSA) has achieved a milestone in lunar exploration,…
Tanzanian Gold doubles resource for Buckreef project
Tanzanian Gold (TSX: TNX; NYSE:TRX) has updated the resource estimate for its Buckreef gold project, about 110 km southwest of the city of Mwanza in north-central Tanzania. The Buckreef shear…
Copper price meltdown sinks mining stocks
The decline in the copper price accelerated on Wednesday, as pandemic fears grip global markets and mining companies announce a wave of production halts and project construction suspensions. Copper trading…
Copper price sinks as China faces first GDP drop since 1976
Copper prices continued to slide on Tuesday after China released economic data showing the deepest declines on record for industrial production and fixed asset investment. Copper trading in New York…