Facts ‘n’ figures: Gold prices swing as markets sell off
The following is an edited report from the World Gold Council, release on March 19, 2020. For the full report visit www.gold.org. Like most asset classes, gold is being affected…
News
Coronavirus threatens Codelco’s status as top copper miner
Chile’s copper miner Codelco may not regain its position as the world’s top producer of the red metal this year, as delays in upgrades and expansion projects caused by measures…
Moody’s slashes growth forecasts
In November, Moody’s Investors Service forecast G-20 economies in 2020 would grow by 2.6%, but now estimates real GDP will contract by 0.5%, followed by a pick-up to 3.2% in…
Gold price rockets to seven-year high
The gold price rallied again in spectacular fashion on Tuesday, as panicked investors scrambled for hard assets on the back of COVID-19 closures of mines and refineries and unprecedented monetary…
Coronavirus curbs Mountain Province revenue
Unlike many other mines in Canada and around the world that have been put on care and maintenance because of the global COVID-19 pandemic, the Gahcho Kué mine in the…
Radius Gold discovers historic silver mine in Mexico
Radius Gold (TSXV: RDU) has signed an option agreement to acquire a 100% interest in Plata Verde, a 3-sq.-km property north of its flagship Amalia gold-silver project in the state…
The Northern Miner Podcast – episode 179: Superbugs, alternative energy and mining, ft Robert Friedland at PDAC, part 2
This episode features the second part of a keynote speech by mining mogul and financier Robert Friedland at the Prospectors and Developers Association of Canada (PDAC) conference in Toronto. Friedland discusses how…
Cameco, Orano suspend Saskatchewan operations due to COVID-19
Uranium companies Cameco (TSX: CCO; NYSE: CCJ) and Orano Canada are suspending mining and processing activities at their operations in northern Saskatchewan due to COVID-19. The two companies jointly agreed to…
MegumaGold to merge with Osprey Gold
Canadian juniors MegumaGold (CSE: NSAU; US-OTC: NSAUF) and Osprey Gold Development (TSXV: OS; US-OTC: OSSPF), with projects in Nova Scotia’s largest historic bullion district, are merging their businesses to create…
US Fed move sends gold soaring
The gold price surged on Monday after the U.S. Federal Reserve promised to pump “unlimited” amounts of money into the financial system, boosting the metal’s status as a store of…
Editorial: Asia shows the way
When I landed at Toronto’s Pearson International Airport on March 20 aboard an Air Canada ‘repatriation’ flight from Mexico, none of us were checked to see if we had a…
Unigold reports high-grade assays from Candelones in Dominican Republic
Unigold (TSX: UGD) has reported intercepts of 10.18 grams gold per tonne over 19 metres and 12.94 grams gold over 11 metres at its Candelones Extension deposit, 200 km northwest…