Glencore records US$2.6B loss, scraps dividend
Glencore (LSE: GLEN) posted a US$2.6 billion loss after write-downs for the first half of the year and scrapped its dividend, as the coronavirus pandemic dented global demand and lowered…
2020
Mulatos mine keeps paying off for Alamos Gold
When Alamos Gold (TSX: AGI; NYSE: AGI) paid Placer Dome $10 million for the Mulatos project in Mexico in November 2001, gold was below US$300 per ounce. At that gold…
Iron ore and coking coal prices approach parity
Since the establishment of the spot market for iron ore in 2008 and the inclusion of coking coal prices on the Singapore Exchange in 2014, the price of 62% iron…
Moneta extends 55 deposit at Golden Highway
The most recent five drill holes (and one redrilled hole) reported from Moneta Porcupine Mines’ (TSX: ME; US-OTC: MPUCF) Golden Highway project, 110 km east of Timmins, extend the mineralization…
Editorial: Investors wake up to the appeal of gold
If the price of gold in a local currency is a measure of national risk, then the United Kingdom is apparently in a worse place than during the Black Death…
Minera Alamos buys Cerro de Oro gold project in private sale
Canada’s Minera Alamos (TSX-V: MAI) is expanding its footprint in Mexico by acquiring the Cerro de Oro gold project in the north-central state of Zacatecas, its third asset in the precious metals-rich country. The…
Donald Trump Jr calls for blocking Pebble mine
Opponents of Northern Dynasty Minerals’ (TSX: NDM) proposed Pebble copper-gold-molybdenum mine in Alaska found a new ally on Tuesday, as U.S. President Donald Trump’s son Donald Jr. took to Twitter…
Covid-19 creates ‘perfect storm’ for gold investment: World Gold Council
With the price of gold having crested US$2,000 an ounce, the World Gold Council released its latest report on the precious metal’s demand trends. The Gold Demands Trends report covers…
Torex posts ‘solid’ Q2; updates 2020 guidance
Mexico-focused producer Torex Gold Resources (TSX: TXG) released its second quarter financial results and updated production guidance for the year: with 59,508 oz. gold generated in the quarter, the company…
B of A forecasts US$3,000 gold, US$35 silver on ‘financial repression’
In April, Bank of America Global Research increased its 18-month price target on gold from US$2,000 per oz. to US$3,000 per oz. and forecast an average gold price in 2020…
Gold breaks US$2,000 to all-time record high
Gold’s rally took another upturn on Tuesday, as it surpassed US$2,000 per ounce. By midday, spot gold had hit US$2,009.20 per oz., and at press time in Toronto had reached…
Barrick, Skeena reach deal on Eskay Creek
Barrick Gold (TSX: ABX; NYSE: GOLD), the world’s second-largest bullion miner, said today that Canadian junior Skeena Resources (TSX-V: SKE) has decided to exercise an option to acquire a 100%…