Avino Silver and Gold Mines of Vancouver is very pleased with the initial assay results from the drilling of the 27 vein extension target at the Bralorne mine near Gold Bridge. The company says the results confirmed the continuity of the vein up-dip from the area of historic production. The highest assay was 29.56 g/t […]
Mining News and Commentary
Source: Bloomberg Relief that an escalation in the trade war between the US and China has been avoided – at least for now – sparked a huge rally in mining stocks on Monday. Gold closed at a one-month high just shy of $1,240 an ounce, iron ore continued to climb from recent lows above $66 […]
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 […]
Dalio’s Bridgewater Associates maintained its holdings in SPDR Gold Shares, the largest bullion-backed ETF, at 3.9 million shares, and its stake in iShares Gold Trust, the second-largest, at 11.3 million shares in the third quarter, according to a regulatory filing Tuesday.
Canada’s Pan American Silver (TSX:PAA) (NASDAQ:PAAS) is buying precious metal miner Tahoe Resources (TSX:THO) (NYSE:TAHO) for $1.07 billion in cash and stock, creating one of the world’s largest silver producers. Pan American, already the world’s second-largest primary silver miner, will effectively double its silver reserves of the precious metal with the acquisition, as Reno, Nevada-based Tahoe Resources owns […]
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 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.