Benchmark Metals hits bonanza grades at Lawyers, stock jumps

Technical analyst Jack Chan confirms a bull market for gold and lays out his investment strategy.

Study shows there are more bullion miners among higher market capital ranking of mining companies in second quarter of 2016 than a year a go.

Red metal production at the copper-uranium mine is expected to hit around 230,000 tonnes by 2021, but there is potential for up to 450,000 tonnes per year.

Cyprium Mining (TSXV:CUG) had a banner day on the markets Wednesday after announcing that it has put the Potosi silver mine back into production after a four-year hiatus.

Analysts say the metal likely to reach $1,400 shortly and settle in the second half of this year, averaging $1,340 an ounce.

Energy had an impressive comeback in Q2, with natural gas and oil being the best performing commodities of the quarter.

With the expansion, Escondida is targeting an average output of 1.2 million tonnes a year over the next decade, up from about 940,000 tonnes it produced last year.

As part of the miner's strategy to grow gold production in Timmins, Northern Ontario, to over 250,000 ounces per year by 2020.

Silver prices rose Monday as much as 6.9% to an intraday peak of $21.132 an ounce, its highest value since July 2014.