Novo Resources Sees Grades At Beatons Creek Decline To 1.02 g/t Gold
Novo Resources (TSX: NVO) this morning provided production data for the second quarter of 2022. Gold production saw a decline from the first quarter of the year, despite more tonnes being processed as gold grades continue to slide. Total gold production for the second quarter amounted to 12,610 ounces, versus 13,378 ounces in the first […]
Canada Nickel Expands Resource To 3.5 Million Tonnes Contained Nickel
Canada Nickel Company (TSXV: CNC) has finally completed an updated mineral resource estimate for its flagship Crawford Nickel property. The results of the update were positive, with measured and indicated mineral resources more than doubling from their previous estimate. The refined filing now estimates that the company has 1,425.1 million tonnes of 0.24% nickel, resulting […]
Voyager Digital Files For Chapter 11 Bankruptcy Protection Following 3AC Loan Default
If Voyager Digital (TSX: VOYG) shareholders didn’t think it was all over before following a string of unfortunate events, it certainly is now. The firm late last night filed voluntary petitions for Chapter 11 protection as it looks to implement a restructuring plan. The filing was made in the US Bankruptcy Court of the Southern […]
Turkey’s Inflation Rate Soars Close To 80% In June, The Highest In Two Decades
Turkey’s annual inflation rose to 78.6% in June, as the cost of food and transportation continue to skyrocket. This is the country’s highest annual increase in 24 years. The country has suffered through widespread inflation in the past few months, and has seen its currency, the lira, fall by almost 20% against the dollar year […]
Cathedral Energy Rallies After Announcing US$100 Million Acquisition Of US-Based Drilling Firm
Cathedral Energy Services Ltd. (TSX: CET) announced on Monday the agreement to acquire US-based directional drilling firm Altitude Energy Partners. The transaction is reportedly for a total cash consideration of US$100 million. The acquisition is set to be satisfied in a cash and stock deal: composed of US$62.7 million in cash and around 67.0 million shares […]
Hot Water In Hot Waters: German City Might Be Rationing Heating Soon
As Germany considers all possible scenarios should Russia decide to cut off all its gas exports to the West, the city of Hamburg could be facing possible rationing of hot water and limited heater usage–according to its environment senator. The comments come after Russia, Germany’s main source of gas, has cut down exports through the […]
Zimbabwe Answers Rising Inflation With Gold Coins
Zimbabwe will soon start selling gold coins to store value in an attempt to tame rising inflation. The country’s central bank governor John Mangudya announced on Monday that the new gold-based tender will be available on July 25 and can be bought using either local or foreign currency, including US dollars. The “Mosi-oa-tunya” coin, named […]
Emerita: Impressive First Drill Hole Results at Romanera Project
Back on the Daily Dive is David Gower, the CEO and Director of Emerita Resources (TSXV: EMO). David returns to share his thoughts on gold, the mining sector, and updates on the Romanera project and the Aznalcollar property. Emerita Resources Corp is a Canadian natural resource company engaged in the acquisition, exploration and development of […]
Dutch Farmers Block Roads, Supermarket Entrances in Protest Over New Emission Rules
Farmers in the Netherlands are staging protests over the government’s upcoming changes to environmental regulations aimed at substantially reducing pollutant emissions, sparking further fears of food shortages and inflation for the European Union. Dutch farmers have become fed up with the country’s shift towards substantially more stringent emission rules, and have blocked entrances into food […]
Saudi Arabia Is “Wildly Exaggerating” Its Oil Business – Analyst
The Kingdom of Saudi Arabia is now caught in a bind as the oil crisis is pushing importing states to demand more production from the oil-producing country. The catch, however, is that the kingdom may have been embellishing its oil-producing capacity–which could be a threat to its perceived power as an oil-rich state, according to […]