Gold

Mexican-focused junior pops on PEA results

By Michael Allan McCrae Minera Alamos announced a preliminary economic assessment for its La Fortuna gold project with an after-tax internal rate of return of 93%. The company (CVE:MAI) traded up 14% to 12 cents a share. La Fortuna project, which includes a historic mine site within the concessi ...

Gold Price Steadies Following 19-month Low

By Nicole Rashotte The gold price steadied on Thursday (August 16) after the US dollar slipped following an announcement that the US and China plan to discuss trade issues at some point this month. Earlier in the session, the yellow metal hit its lowest level in over 19 months when the greenback ...

Gold Fields boss says not resigning after S.Africa minister’s rebuke

By Reuters JOHANNESBURG, Aug 16 (Reuters) – Gold Fields’ chief executive officer Nick Holland said on Thursday he was not considering resigning after mines minister Gwede Mantashe blamed the company’s plan to cut jobs at its struggling South African mine on “poor management”. Gold Fields ...

OZ Minerals Releases Half-Year Report Showing 59 Percent Increase in Net Profit

By Scott Tibballs Auastralian base and precious metals miner OZ Minerals (ASX:OZL) has released its half-year report, detailing its activities over the first half of the year and revealing a huge 59 percent increase in net profit. As listed in the report, a review of OZ’s financial results: A ...

The Strongest Commodities Bull Market of All Time Starts Now

August 15, 2018 Seeing gold and silver plunge recently many investors may be ready to throw in the towel. That would be a big mistake as many of us continue to believe that ‘the turn’ is coming and will lead us into another bull market in resource shares. Yesterday our friends at Casey Researc ...

Macarthur Minerals Private Placement Up to $1.1 Million

By Anwesha Sengupta Macarthur Minerals Ltd (TSXV:MMS) (the “Company” or “Macarthur Minerals”) is pleased to announce a non-brokered private placement (the “Offering”) of up to 44,000,000 units (each, a “Unit”) at a price of CAD$0.025 per Unit (“Unit Price”) for aggregate gross ...

Goldplay Announces Significant Silver Values of up to 1,285 gpt AgEq Over 1.5 Meter Intersection from Sampling Program on Historical Core, Supporting the High-Grade Nature of the San Marcial Project, and Upside Potential for Resource Expansion

By Hailey Wahlberg Goldplay Exploration Ltd. (TSXV:GPLY, OTCQB:GLYXF – the “Company” or “Goldplay”) is pleased to announce initial results from sampling of the first of 22 historical core drill holes completed in 2010, on the Company’s San Marcial Project in Mexico. These drill hole ...

It’s time for contrarians to Get Bullish on Gold

By Frank Holmes – U.S. Global Investors Gold can’t seem to catch a break. The yellow metal normally acts as a safe haven in times of political and economic strife, but in the face of Turkey’s lira meltdown, investors have taken cover instead in the U.S. dollar. On Monday, the stronger green ...

Columbus Gold to Acquire 70 Percent of IAMGOLD’s Maripa Project

By Nicole Rashotte Columbus Gold (TSX:CGT,OTCQX:CGTFF) is set to acquire up to 70 percent of IAMGOLD’s (TSX:IMG) stake in the Maripa gold project in French Guiana, the company announced on Tuesday (August 14). According to Columbus, the acquisition would solidify the company’s position as a l ...

Osisko Mining to acquire Beaufield Resources

By Michael Allan McCrae Osisko Mining (TSX: OSK) will acquire all remaining shares of the Canadian exploration company, Beaufield Resources (TSX-V: BFD). Osisko, which announced the purchase plan yesterday, says Beaufield shareholders will receive 0.0482 of a common share of Osisko in exchange fo ...