On Mar. 2, Stockholm Precision Tools (SPT) launched a new corporate identity to reflect its significant structural changes and its commitment to environmental, social, and governance (ESG) issues. The company, founded in Stockholm in 1996, is the leading global designer and manufacturer of borehole survey tools. Starting in the oil and gas sector, it has expanded its operations to serve the minin...Read More
Stocks fell Mar. 6-10 as investors shifted from concerns over inflation to the outlook for the economy after regulators shut California-based Silicon Valley Bank following losses that prevented it from maintaining enough capital.The Dow Jones Industrial Average fell 1,481.33 points or 4.4% to 31,909.64 and the S&P 500 dropped 184.05 points or 4.5% over the week to 3,861.59.Two companies seen as pr...Read More
The S&P/TSX Venture Composite Index retreated by 31.49 points or 4.9% over the Mar. 6-10 trading session, ending at 611.49.Artemis Gold was the week's top value gainer, adding 48 ? to close at $4.88 on Friday. On Mar. 9, Artemis announced the approval of its B.C. Mines Act permit for the Blackwater gold project in central B.C., the final step required to allow the company to begin major constructi...Read More
Over the Mar. 6-10 trading period, the S&P/TSX Composite Index fell a substantial 806.66 points or 3.9%, to 19,774.92. The S&P/TSX Global Mining Index lost 8.65 points or 7.5% to 106.48, and the S&P/TSX Global Base Metals Index fell 24.48 points or 11.6% to 186.46. The S&P/TSX Global Gold Index contracted by 9.17 points or 3.34% to 265.27, and spot gold ended the week US$20.10 per oz. higher, or 1...Read More
Wesdome Gold Mines (TSX: WDO) has provided an updated mineral resource and reserve estimates for its two high-grade underground assets: the 100% owned Kiena mine complex in Val-d'Or, Quebec, and the Eagle River mine near Wawa, Ontario.As of Dec. 31, 2022, the Toronto-based gold miner's combined proven and probable mineral reserves totalled 2.4 million tonnes grading 12.9 grams gold per tonne, for...Read More
In mid-February, Ford Motor Company (NYSE: F) announced a US$3.5-billion investment to build a battery plant in Michigan that will help it reach its target of producing 2 million electric vehicles a year by 2030. The battery cells will use technology and expertise provided by China's Contemporary Amperex Technology, the world's biggest manufacturer of batteries for EVs. The announcement follows F...Read More
Rio Tinto on Monday said it had begun underground production at its Oyu Tolgoi copper mine in Mongolia.Since the agreement between the government of Mongolia and Rio Tinto in January 2022 to reset the relationship and move the Oyu Tolgoi underground project forward, 30 drawbells have been blasted and copper is now being produced from the underground mine.Oyu Tolgoi is expected to become the fourth...Read More
Century Lithium (TSXV: LCE; US-OTC: CYDVF) is on track to complete a feasibility study by mid-year on its 100%-owned Clayton Valley lithium claystone project in southwestern Nevada, with a plan of operations to follow. The Vancouver-based company, which changed its name from Cypress Development in January, is already processing material at a nearby pilot plant from its lithium-bearing claystone d...Read More
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) announced Friday that as construction progresses at its Jansen potash project in Saskatchewan, it has awarded three new contracts in partnership with local First Nation communities.Covering camp management, site services and raw ore/handling foundation, the contracts include representation from the six First Nations surrounding the Jansen site, with whom BHP has...Read More
Mar 13, 2023 In this monthly series from BeMetals, learn about a wide variety of relevant company topics, including, but not limited ...Read More
Mar 10, 2023 The 6ix Report is your go-to source for timely market news in the mining and resource sector. Our goal is to bring ...Read More
Saudi Aramco, the world's largest oil producer, announced a record annual net profit of $161.1bn for 2022, up 46% from the ...Read More
Silicon Valley Bank President and CEO Gregory Becker sold almost $3.6M of SIVB shares about two weeks before the company's ...Read More
Joining SmallCapSteve to start off the week is Justin Holland, CEO of Eguana Technologies (TSXV: EGT). Justin sits down with ...Read More
First Republic Bank (NYSE: FRC) said that it has strengthened its financial position with new support from the Federal Reserve ...Read More
Is the swift collapse of Silicon Valley Bank the beginning of our Lehmann moment for the Covid stock bubble? In this video, we ...Read More
The crypto world was given a major blow to its banking gateways over the weekend. Regulators have shut down New York-based ...Read More
Federal banking regulators have taken aggressive measures to prevent depositors of Silicon Valley Bank from losing money and ...Read More
NickelSearch Limited (ASX: NIS) MD Nicole Duncan tells Proactive assays have been received for the recent RC drilling ...Read More