Seabridge Gold (TSX:SEA) (NYSE:SA) announced today that winter drilling at its 100%-owned Courageous Lake Project has successfully identified two new gold zones, Olsen and Marsh Pond, with widths and grades suggesting they could make a contribution to project resources similar to the Walsh Lake Deposit discovered by Seabridge in 2012. This year’s drill program also […]
Seabridge discovers new gold zones at Courageous Lake Read More »
By Yianni Sakarellos The Dow Jones Industrial Average Investors experienced highly volatile equity markets in Q1 2018, with the Dow Jones Industrial Average (DJIA) plunging 1,600 points at its session lows on February 5, 2018. The DJIA closed down 1,175 points that day, its worst point decline in history. Market participants were and still are
The DJIA, gold industry, & gold equities Read More »
With limited upside for precious metal prices, miners are refocusing on productivity, says Nathan Flesher, who works for McKinsey’s mining arm. Gold miners are looking at a rangebound price for bullion at the $1,300/oz level. But with a limited outlook for any significant moves for gold upwards, miners must generate more output from capital spent
No ‘one-size-fits-all’ when making mines productive Read More »
Manufacturers, particularly in the technology and automotive sectors, are under increasing pressure from customers to demonstrate that products are made with responsibly-sourced materials. Transparent supply chains that trace where the materials come from and what practices were used to produce them are expected by shareholders and the public. But unlike similar programs gaining momentum in
Today Thomson Reuters released the GFMS Gold Survey 2018, the 51st in the series of annual Surveys, looking at the shifts and developments in the global gold markets, their fundamentals and their drivers over the year and setting the scene for the future. As usual the prospect for higher price depends on risk hedging at
(Bloomberg) — AngloGold Ashanti Ltd. remains upbeat on its African assets even as new mining rules threaten profits at two of the company’s key mines. The world’s third-largest gold producer is mired in disputes with the governments of Tanzania and the Democratic Republic of Congo over law changes that raise taxes in the countries, where
AngloGold upbeat on Africa even as mine uncertainty persists Read More »
Shares in base metals producer Nevsun Resources (TSX, NYSEMKT:NSU) skyrocketed on Tuesday after the company’s board unanimously rejected a Cdn$1.5-billion (about $1.2bn) unsolicited bid from fellow Canadian miners Lundin Mining and Euro Sun Mining. The suitors had disclosed late on Monday the takeover offer for Vancouver-based Nevsun, noting their disappointment for not having been able
Nevsun shares soar as it rejects $1.2-billion bid from Lundin, Euro Sun Read More »
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) took a hit on Wednesday after the company announced it had found a blockage in the pipeline that carries copper concentrates from the Los Pelambres processing plant to nearby ports. The company said it would take up to three months for stocks to return to normal, which will
Antofagasta shares, half-year production hit by Los Pelambres pipeline blockage Read More »
As a general rule, the most successful man in life is the man who has the best information Geology “Geologists are scrambling to understand what created the phenomenal concentrations of gold at the Valley of the Kings discovery of Pretium. Recent drill results include 0.5 meters that carried 41,582 grams per tonne gold (1.6 feet
Golden Triangle’s red line Read More »
(Bloomberg) — Gold imports by India, which vies with China as the biggest consumer, declined in April, according to a person familiar with the information, falling for a fourth month amid lackluster sales. Overseas purchases dropped 46 percent to 52.7 metric tons last month from a year earlier, the person said, asking not to be
Gold imports by India are said to have plunged for fourth month Read More »
