How to Value A Mining Asset? At any given time, we know the international spot price for an ounce of refined gold or other metals but what about the resources an exploration or mining company has in the ground. Mining assets are really challenging to value. Given the degree of geologic uncertainty around reserves and […]
Mining News and Commentary
Santacruz Provides Update on Zimapan Mine Acquisition and Related Debt Financing, and Private Placement With A Lead Order From Palisades Goldcorp
Vancouver, British Columbia–(Newsfile Corp. – April 6, 2021) – Santacruz Silver Mining Ltd. (TSXV: SCZ) (FSE: 1SZ) (the “Company” or “Santacruz“) announces that the acquisition of the Zimapan mine assets from Minera Cedros, S.A. de C.V. (“Minera Cedros”), together with the US$17.6 million loan facility from Trafigura Mexico, S.A. de C.V. (the “Trafigura Loan Facility”), are now expected […]
Euro Sun Announces Robust Definitive Feasibility Study for the Rovina Valley Gold-Copper Project in Romania
Average annual gold equivalent production of 146,000 ounces over first 10 years at an average AISC of $790/gold equivalent ounce Total initial capex of $399 million Pre-tax Net Present Value of $447 million; IRR of 21.3% at $1,550/oz gold and $3.30/lb copper TORONTO, March 01, 2021 (GLOBE NEWSWIRE) — Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or […]
Rhodium Price Roars Above $20,000 in the First Few Days of 2021
Rhodium, the world’s most precious metal, reached $20,190 an ounce on Wednesday, up from $16,990 on Dec. 31 and as low as $615 in 2016. Rhodium’s rally to record highs shows no sign of stopping, with prices up 19% this month as automakers that need the metal to meet tightening emissions regulations run into limited […]
2021 Gold, Silver & Palladium Price Outlook: $2400 Gold, $50 Silver, $3000 Palladium
2020 was a good year for Gold and other precious metals as the economy weakened amid the coronavirus pandemic. Gold reached its all-time high of $2073 in August 2020. Gold, at the time of writing this article on December 23, 2020, was trading at around $1864 about 68.6% higher than its eight years low of $1046.25 in December 2015. Silver was lagging the gold most of the time since late 2017 and got ridiculously cheaper than gold when the world’s economy was frozen in march 2020. However, silver has outperformed gold and palladium in 2020 as the economy started to recover.
Top Junior Silver Mining Companies Ready for Explosive Gain in 2020
After taking a nosedive to the $11 range in March 2020 amid the COVID-19 pandemic, silver broke its 2016 high in the $20 range and reached a peak value close to $30. This is very bullish for silver and silver mining stocks. “Unlike gold, silver may get a boost as major economies ease coronavirus-linked restrictions […]
RNC Delivers Strong First Quarter Financial and Operating Performance, Continuing to Reduce Costs and Strengthen the Balance Sheet, Reiterates 2020 Guidance
RNC will host a call/webcast on May 7, 2020 at 10:00 a.m. (Eastern Time) to discuss the first quarter results. North American callers please dial: 1-888-231-8191, international callers please dial: (+1) 647-427-7450. For the webcast of this event click [here] (replay access information below). TORONTO, May 7, 2020 /CNW/ – Royal Nickel Corporation dba. RNC Minerals (“RNC” or the “Corporation”) (TSX:RNX) is pleased to […]
MacDonald Mines Discovers 12.10 g/t Gold over 7.8m Including 71.10 g/t over 1m with Significant Copper, Cobalt and REOs at Scadding
TORONTO, Feb. 11, 2020 (GLOBE NEWSWIRE) — MacDonald Mines Exploration Ltd. (TSX-V: BMK) (“MacDonald Mines”, “MacDonald” or the “Company”) announces that it has received results from an additional 9 holes from its fall 2019 drill program resulting in the discovery of 2 new zones at the Company’s SPJ Property, 40 kilometres east of Sudbury, Ontario. […]
Redstar Gold Announces 395,825 Gold Eq1 Ounce Resource grading 14.2 g/t Gold Equivalent on Part of the SH-1 Gold Zone at the Unga Project, Alaska
HIGHLIGHTS: – 395,825 Oz Gold Eq1 maiden resource grading 14.2 g/t gold equivalent reported on the SH-1 Zone.– The inferred resource is contained in 866,015 tonnes at a 3.5g/t Au cut-off consisting of: 384,318oz of Gold at an avg. grade of 13.8g/t Au; and 986,321oz Silver at an avg. grade of 35.4g/t Ag.– The mineralization outrops at surface […]
Benchmark Metals Intersects New Zone Including High-Grades of 2,360 g/t Silver and 11.30 g/t Gold Over 1 Metre
Edmonton, Alberta–(Newsfile Corp. – February 11, 2020) – Benchmark Metals Inc. (TSXV: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X) (the “Company” or “Benchmark“) is pleased to report continued drilling success at the Amethyst Gold breccia (AGB) Zone. Intersections include the discovery of new parallel zones in addition to along strike and down-dip extensions of both broad bulk-tonnage and high-grade mineralization. […]