A look at eight majors and juniors exploring for gold worldwide including Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF), Nexus Gold (TSXV: NXS; US-OTC: NXXGF), OceanaGold (TSX: OGC; US-OTC: OCANF), Yamana Gold (TSX: YRI; NYSE: AUY), and Barrick Gold (TSX: ABX; NYSE: GOLD).
Stock Market News
Granada gets high-grade gold by employing disruptive technology
Granada Gold Mine (TSXV: GGM) reported that it attained higher grades after running a preliminary gravity separation study on lower-grade, gold-bearing rock from its Granada Gold project in Rouyn-Noranda, Quebec. In a media statement, Granada said that the higher grades attained during the tests may have implications for the grade of future mill feed, the […]
Euro Sun Mining’s stock jumps after financing announcement for Rovina gold project in Romania
Toronto-based junior Euro Sun Mining’s (TSX: ESM) stock jumped over 20% on Tuesday after the company announced a non-brokered private placement financing of up to 10m units for gross proceeds of up to C$3 million. Each warrant will entitle the holder to acquire one additional common share of the company at an exercise price of […]
Canada Cobalt drills bonanza grades at Castle mine property
The Castle mine was one of the highest grade silver-cobalt producers in the historic Cobalt camp in Northern Ontario. (Image: Canada Cobalt Works) Canada Cobalt Works (CVE: CCW) says it has intersected multiple high grade cobalt and silver intercepts during phase one drilling on the first level of the Castle mine. The mine is located […]
Kootenay Silver buys high-grade silver project in Mexico
Kootenay Silver (TSXV: KTN) announced that its wholly-owned Mexican subsidiary entered into an option agreement to acquire a 100% interest in the Columba silver project, which hosts a past-producing mine and is located in the northwestern state of Chihuahua, Mexico. Under the terms of the agreement, Kootenay Silver can acquire a 100% ownership in the […]
Gold production up 60% over last year at RNC Minerals’ Beta Hunt mine
RNC Minerals Corporation (TSX: RNX) today reported production at the Beta Hunt Mine in western Australia. Beta Hunt produced 13,497 mined gold ounces for the month of October 2018 at an average grade of 9.06 g/t. Year-to-date October 31, 2018 mined gold ounces was 71,957, an increase of 60% versus the prior year period, including […]
Euro Sun gets mining license for Rovina in Romania
Euro Sun Mining Inc. announced the completion of the ratification process of its exploitation permit and mining license for the Rovina Valley Project in Romania.The Euro Sun has one of the largest mineral deposits in the European Union with 7.2 million ounces of gold and 1.4 billion pounds of copper. The mine could produce about 150,000 ounces of gold and 50 million pounds of copper a year.
Platinum to Gold Ratio Indicator Looks Bullish for Gold
Platinum to Gold ratio has a brief but clear history as a leading indicator for Gold.
Around major bottoms in precious metals, Platinum tends to outperform and lead Gold. Since February Platinum has strongly outperformed Gold while registering an important positive divergence.
Investment in Mining Rising Significantly: $6 Billion Ready to be Invested
Fundraising by unlisted funds for investment in natural resource reached a record $93 billion last year, and is likely to top $100 billion as more data becomes available. Unlisted funds raised $2.5 billion for investment in mining last year vs $700 million to buy farmland.
First Mining Announces Improvement in the Indicated Resource at Goldlund
First Mining Gold (TSX: FF) has updated the resource estimate at its Goldlund gold project in northwestern Ontario. The company added 248,700 oz. gold to its indicated resource but lost 628,400 oz. gold from its inferred resource. The project now contains 12.8 million indicated tonnes grading 1.96 grams gold for 809,200 oz. gold. It previously […]
Rubicon Minerals Boosts Measured and Indicated Resources at Phoenix by 110%
Rubicon Minerals (TSX: RMX) has increased measured and indicated resources by 110% to 589,000 oz. gold compared with the earlier estimate of 281,000 oz. gold. Rubicon Minerals company has started a preliminary economic assessment which it expects to complete by year-end.