By Visual Capitalist Courtesy of: Visual Capitalist Canada is a mining nation. From the Rockies to the Canadian Shield, and from the Plains and to the North, the variety of geology that exists in the country is immense – and this has created a large and unique opportunity for ground-breaking mineral discoveries. As a result, […]
How Canada’s mining sector impacts the economy Read More »
By Reuters (Bloomberg) — Gold may be trading at its lowest in 18 months in dollar terms but look at the precious metal in other currencies and you can see it’s still serving its role as a safe-haven asset. Take Turkey, one of the world’s largest buyers of the precious metal and home to the
Look away from the U.S and gold prices are soaring higher Read More »
By Frik Els Gold fell to fresh 18-month lows on Monday as the attractiveness of the hard asset continues to wane on the back of rising interest rates in the US and a strengthening dollar. December futures trading in New York declined 1.5% to $1,201 a troy ounce, the lowest since February last year and
CHARTS: Warning for bears as gold price drops through $1,200 Read More »
By Cecilia Jamasmie Shares in Canada’s First Majestic Silver (NYSE:AG) (TSX:FR) dropped more than 10% in New York and Toronto on Monday after it posted a second-quarter loss of $40 million, compared to a profit in the same period a year earlier. The Mexico-focused miner said it had a loss of 22 cents on a
First Majestic shares hammered after reporting $40 million-loss Read More »
By Valentina Ruiz Leotaud Known as the gold capital of Uruguay, the northeastern town of Minas de Corrales held an urgent community meeting this week with the ministers of Employment and Industry to analyze what can be done to support the hundreds of workers currently on employment insurance due to Orosur Mining’s (TSX, AIM: OMI)
Uncertain fate for Canadian gold miner in Uruguay Read More »
By Valentina Ruiz Leotaud Almost 300 Navajo farmers and ranchers filed a lawsuit against the U.S. Environmental Protection Agency, as well as against eight EPA subcontractors and mining companies and subsidiaries involved in the 2015 Gold King Mine spill. The accident at the ancient Colorado mine took place after an EPA’s clean-up team working at
New lawsuit against EPA for Gold King Mine spill Read More »
By Bloomberg News Barrick Gold Corp. Executive Chairman John Thornton says the Canadian miner is looking at its copper assets “very seriously” to see if it makes sense to form a copper company with one or two partners, most likely from China. “The question for us on copper is, ‘Can you take the copper assets,
Barrick ‘was almost dead’: Thornton pulls no punches on gold miner’s missteps Read More »
By Valentina Ruiz Leotaud Newfoundland’s Moosehead Gold District, located in the north-central part of the Canadian province, made headlines this week as different miners announced the acquisition of a number of projects in the area. First, management at Ontario-based RJK Explorations (TSX-V: RJX.A) said that it has agreed to acquire the Moosehead Gold District Project
Gold fever hits Newfoundland Read More »
By Michael Allan McCrae Pretium Resources (TSE:PVG) produced 111,340 ounces of gold and generated revenue of $146.5 million during its second quarter, which was announced yesterday. The company is up 18.5% today to $12.04 a share. The company said all-in-sustaining costs per ounce of gold was $648. Mill feed grade averaged 14.9 grams per tonne
Pretium Resources grows cash by $72 million, produces 111,340 ounces of gold Read More »
By Condoto Platinum Condor Gold (AIM: CNR; OTCQX: CNFGF; TSX: COG) is pleased to announce that it has received an environmental permit for the development, construction and operation of a processing plant with a capacity of up to 2,800 tonnes per day (“tpd”) and associated mine site infrastructure at its wholly-owned La India Gold Project,
