Tag: Silver

The rush of gold bullion deliveries into New York depositories from overseas will likely keep the US goods-trade deficit close to a record.

Gold Rim Exploration Inc., a Canadian based precious metals mining and exploration company, is pleased to report recent results from its multi-phase infill and resource expansion drilling program at their Cambridge Bay Project in Nunavut, Canada. The results published so far are focused on the Dodgeball and Meadowside areas at the site which are located at the north west tip of the project.

Demand for silver has skyrocketed in recent years, and supply hasn’t been able to keep up.

A Sierra Metals (TSX: SMT, US-OTC: SMTSF) update has converted between one-fourth and more than one-half of the resources at its Yauricocha and Bolivar underground polymetallic mines to reserves.

Taranis Resources (TSX-V: TRO) can go ahead with planned exploration at its Thor polymetallic project near Trout Lake, B.C., almost two years after its permit application and five months after filing a lawsuit against the province.

The indicated resource count at Tudor Gold‘s (TSXV: TUD) flagship Treaty Creek project in British Columbia has grown by 19% in terms of gold-equivalent ounces following last year’s drill program targeting the northern portion of the Goldstorm deposit.

Mexico-focused Kootenay Silver (TSXV: KTN) has released an updated resource estimate for its La Cigarra project in Chihuahua state that improved silver grades by upwards of 20% compared to a previous estimate.

Shares of American Pacific Mining (CSE: USGD; US-OTC: USGDF) skyrocketed Thursday after the company released the third and final batch of assay results from its 2023 drill program at the high-grade volcanogenic massive sulphide (VMS) Palmer project in Alaska.

Canadian mining mogul Rob McEwen is upping his stake in Goliath Resources (TSXV: GOT; US-OTC: GOTRF), a junior that’s advancing gold projects in northwestern British Columbia.

Struggling Scotgold Resources, which operates Scotland’s only gold mine, is planning to appoint administrators over the coming days as financing talks announced last month failed to attract investment.

Goliath Resources (TSXV: GOT; US-OTC: GOTRF) has completed the second and final tranche of a recently upsized private placement that would see the Canadian junior miner raise a total of $8.6 million.

Workers at Peñasquito, Mexico’s largest gold mine, accepted a proposal from operator Newmont (NYSE: NEM; TSX: NGT) late on Thursday, ending a four-month-long strike that cost the miner millions of dollars a day.