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.
Mining News and Commentary
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. […]
Osprey Gold’s Goldenville Project Return 269.15 g/t Gold over 2.0 M
Osprey Gold Development Ltd. (TSXV:OS), on January 30, 2020, has revealed assay results from the first three holes of its 13 hole, 2,003 metre drill program at its Goldenville Property, in Guysborough County, Nova Scotia. According to the press release: All three holes returned elevated gold values, including hole G19-18 which returned 2.0 m of 269.15 […]
Amex Exploration Continues to Define Perron Zones
QUEBEC – Amex Exploration has released the results of 15 drill holes completed on the Grey Cat and Gratien zones at its 45-sq.-km Perron gold property. These results expand the near-surface strike length of Grey Cat and further define the multiple stacked lenses which make up the Gratien system. Drill highlights include: 23.6 meters of 2.19 g/t […]
RNC Minerals Announces New 5km Structure Identified at Higginsville and Approval Received for Baloo Stage 2 Mining
High Density Gravity Survey Program A recent high density gravity survey has delineated a new geological structure at the Company’s Higginsville Operations (“HGO”). The new structure extends for approximately 5 km, and runs sub-parallel to the major regional Zuleika, Speedway and Boulder Lefroy shears which controls the bulk of the gold mineralisation between the Golden […]
Diamond Mining Stocks Can Be A Good Contrarian Play
Natural diamond supply is estimated to come off this year and continue to incrementally decline through at least 2021, which should be supportive of diamond prices and thus miners.