Editorial: Keeping up with gold price forecasts
As if there weren’t enough upheaval in the markets. Now Canada’s Bank of Nova Scotia (Scotiabank) — one of the world’s biggest lenders to the physical precious metals industry —…
Volume 106 Issue 10 May 11-24, 2020
Africa Snapshot: Eight companies active on the continent
Africa offers pre-production and operating companies large areas of underexplored prospective terrain and, in many countries, established mining legislation. West Africa, in particular, has attracted many explorers, developers and producers…
PNG clashes with Barrick, Zijin over fate of Porgera mine
Barrick Gold (TSX: ABX; NYSE: GOLD) welcomed a court ruling on May 1 ordering the government of Papua New Guinea (PNG) to review a requested lease extension for the Porgera…
US markets fall, April 27-May 1: Vale, Barrick
The Dow Jones Industrial Average fell 0.22%, or 51.58 points, to 23,723.69, and the S&P 500 dropped 0.21%, or 6.03 points, to finish the trading week at 2,830.71. Spot gold…
TSX rises, April 27-May 1: MAG Silver, Lundin Gold, Troilus, SolGold
The S&P/TSX Composite Index rose 1.39% to 14,620.30 during the April 27-May 1 trading week. The Global Mining Index fell 0.81% to 82.25 and the Global Base Metals Index climbed…
TSX Venture rises, April 27-May 1: Probe Metals, Orford Mining, Bluebird Battery Metals
The S&P/TSX Venture Composite Index rose by 2.26%, or 10.45 points, to finish the trading week at 473.09, with gold finishing the week at US$1,702.90 per oz., a fall of…
Perseus pushes ahead in West Africa, despite virus threat
Perseus Mining (TSX: PRU; ASX: PRU ) is building its second open-pit mine in Cote d’Ivoire and its third in West Africa, and expects to pour first gold in December…
Mag Silver rallies on $60M infusion from Eric Sprott
VANCOUVER — Shares of Mag Silver (TSX: MAG; NYSE-AM: MAG) gained as much as 31% to a several month high of $17.87 on the TSX following news of precious metals…
COVID-19 disrupts US$6.9B of global mining output, S&P Global says
COVID-19 has impacted the mining industry across the globe as governments enforce lockdowns and quarantines and companies halt operations because workers and contractors can’t get on-site due to restrictions. S&P…
Torex Gold pilots new underground mining system
Torex Gold Resources (TSX: TXG) is trialling a new underground mining system at its wholly-owned Morelos Gold property in Mexico’s Guerrero state, 180 km southwest of Mexico City. The property…
Silver miners hit hard by lockdowns, GlobalData says
Since mid-March, the response of governments worldwide to the COVID-19 pandemic has led to disrupted mining activities across the globe. Thirty-two countries have passed partial or complete lockdown orders, leading…
First Quantum lowers 2020 guidance
With its Cobre Panama mine on care and maintenance since April 7, First Quantum Minerals (TSX: FM) has reduced its copper guidance for the year by 75,000 tonnes to 755,000-805,000…