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]
The well-funded silver explorer now has C$75M in cash and an M&I resource of 1B oz of Silver equivalent at Cordero. The proceeds will be used primarily to fund continuing exploration program at its Cordero and Coahuila projects in Mexico. [more]
What will it be the price of Silver be: $7/oz or +$700/oz? Lorimer Wilson of Munknee.com highlights from articles written over the past few months outlining the rationale for such divergent views. [more]
Spin out of Equinox Gold and part of the Augusta Group has $25 million in the bank. Solaris is advancing a portfolio of copper, gold, silver and molybdenum projects in Central and South America, with its primary focus on the Warintza copper-molybdenum-gold property in Ecuador. [more]
Drill program planned at the Sir Harry Oakes Project in the Matachewan Gold District of Ontario and expenditures at the joint-venture Bruell Gold Project, east of Val D’Or, Quebec, operated by Eldorado Gold [more]
In June, McEwen Mining led the way with 776 g/t Au over 2.4 metres, with other good results from Superior Gold, Osisko Mining, Great Bear Resources and Alkane Resources. [more]
Top deals closing this month included Osisko Mining receiving $177M and Lundin Gold closing C$57.5 million, both from bought-deal financings. Artemis Gold expects to raise $175 million from a bought-deal agreement with a syndicate of underwriters as well as a non-brokered offering. [more]
Gold, Real Estate and VIX are additions in this month’s Seasonality Report. Although market assessment has been turned upside down, there are still useful strategies to employ in composing a profitable portfolio in highly volatile markets like those that we have been experiencing. One such strategy is using seasonality trends as a guideline. [more]
Uncertainties caused by Covid-19 created a stronger demand for precious metals, increasing quarterly and annual revenue results but positive profits for the last quarter & fiscal year were elusive. [more]
With the price of gold up over 16% year-to-date and almost 23% year-over-year, the time seems to be right for Chinese mining companies to buy up Canadian gold companies. Three recent transactions tag the value of the assets in the US$44 to US$102 per Reserve gold ounce. [more]
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