Revenue reached $6.9M in the FQ3/2020, up 36% from the previous quarter, but slightly lower than last year. EBITDA reached $1.2M in the quarter with $0.7M of Net Income. [more]
As the mining sector adheres to machine learning as a new exploration tool, GoldSpot is becoming a leader in the segment. New contracts and investment profit taking increased revenue and net income in Q2/2020. [more]
Spearmint Resources engaged with Ridgeline Exploration Services to start a work program on its Goose gold project, located within the central Newfoundland gold belt, near New Found Gold’s high-grade Queensway Gold project. [more]
So far this year, a basket of Gold BAANG stocks (Barrick, AngloGold, Agnico Eagle, Franco-Nevada, and Gold Fields) is up 58% versus the Tech FAANG stocks (Facebook, Amazon, Apple, Netflix, and Google/Alphabet), up 52%. [more]
The new funds will be used for the continued optimization and de-risking, and allows for the expansion of exploration programs. Existing 1M oz Au resource and PEA on the Hammerdown & Orion projects. [more]
The 2020 drill program will test east of the Jaclyn North Zone, along strike and in areas of high-grade quartz boulders, and also include in-fill drilling of the Jaclyn Main Zone. The company plans to build on its 2018 NI 43-101 mineral resource estimate for the Jacelyn Main Zone containing a capped Inferred Resource of 106,400 ounces of gold. [more]
With a market cap of $200M, New Found Gold closed an IPO financing last week to become the newest listed Newfoundland gold explorer. With a shareholder base that includes Palisades Goldcorp, Eric Sprott, Novo Resources, and Rob McEwen, the Company is focusing on the Queensway project, following up on previous drill results that included 92.9 g/t gold over 19.0 metres. [more]
CanAlaska is a junior mineral exploration and Project Generator company. The Company controls 132,300 hectares across 9 uranium projects in northern Saskatchewan & Manitoba, 25,000 hectares across 3 nickel projects in northern Manitoba and two base metal projects in northern Manitoba & B.C., and 2 diamond projects covering 57,752 hectares in Saskatchewan & Alberta. [more]
Gold has historically been a defense against potential devaluation of fiat currencies making it an ideal choice to balance your portfolio. The question is: “How much gold should you own?” This article discusses a number of different views on the subject in an attempt to help you answer that question. [more]
Graycliff has an option to acquire 100% interest in the Shakespeare property, which is located approximately 80 kilometers west of Sudbury, Ontario and consists of 24 mineral claims over 517 hectares (1,277 acres). [more]
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