BHP (ASX: BHP, NYSE: BHP LSE: BHP), the world's largest miner, has inked a conditional agreement with a unit of Westshore Terminals Investment for its Jansen potash project in Canada.The deal, Westshore said, is subject to approval by BHP's board and dependent on whether BHP moves ahead with the first phase of its long-delayed potash project in Saskatchewan.Vancouver-based Westshore has agreed to...Read More
Newmont (TSX: NGT; NYSE: NEM), the world's No. 1 gold miner, will make a decision on a US$2 billion investment at its Yanacocha mine in northern Peru's Cajamarca region before the end of the year, CEO Tom Palmer told investors.The oxide resources of the open-pit Yanacocha mine are close to being depleted, and the project is designed to mine the sulfide material underground.In a call to discuss the...Read More
Skeena Resources (TSX: SKE: US-OTC: SKREF) has released a preliminary feasibility study on its 100%-owned Eskay Creek gold project. The study outlined an after-tax net present value of $1.4 billion and internal rate of return of 56%. A gold price of US$1,550 per oz. and silver price of US$22 per oz. were used.The project encompasses a former producing mine north of Stewart in British Columbia's Go...Read More
Iamgold (TSX: IMG; NYSE: IAG) recently updated construction progress and costs at its C??t?(C) gold project near Gogama, Ontario. The project is 65% owned and operated by Iamgold. Sumitomo Metal Mining holds the remainder.The C??t?(C) project is on schedule and was 27% complete at the end of June. Contractors are widening the road to the site and removing overburden. The concrete batch plant at t...Read More
Inflection Resources (CSE: AUCU, US-OTC: AUCUF) is an early-stage exploration company focused on looking for gold and copper-gold deposits in the Macquarie Arc, part of the Lachlan Fold Belt, in eastern Australia.The Macquarie Arc is considered Australia's premier porphyry gold-copper province and hosts several world-class mines. These include Newcrest Mining's (TSX: NCM; ASX: NCM) Cadia operat...Read More
Mining in the United States has played a significant role in the country's development. The Northern Miner presents its annual top-ten list of the largest U.S.-based mining companies ranked by market capitalization, as of July 7. The data was compiled by our sister company, MiningIntelligence.1. Freeport-McMoRanMarket cap: US$52.7 billionFreeport-McMoRan's Climax molybdenum mine in Colorado. Cre...Read More
Jeff Bezos thinks he's real hot shit, huh?Flying off into space on his little rocket, trying to show the whole world he's over his divorce.Sorry, am I being too harsh?Are these attacks too personal for a guy who forces his employees to work in 114-degree heat, fires them for getting breast cancer, and demands delivery drivers to pee into Gatorade bottles?Forgive me, then.After all, this isn't real...Read More
FPX Nickel (CVE: FPX) CEO Martin Turenne joined Steve Darling from Proactive to share details on the company adding two people to their team as they move for...Read full newsRead More
A.I.S. Resources Limited announces after successful financingRead full newsRead More
Japan's Nikkei was up in morning trade, a day before the country opens the Olympic Games, which were delayed from last year due to the pandemic.The S&P 500 gained 0.8% and London's FTSE 100 closed up 1.5%.Commodities were mixed on the London Metal Exchange.China's NDRC reportedly asked local governments to step up commodity price monitoring and management of expectations, Marex's Alastair Munr...Read More
Agnico Eagle Mines (TSX:AEM)(NYSE:AEM) has earned a reputation as a partner of choice within the mining industry, and recognition as a company that operates with respect for others. While the company could not control the day-to-day turmoil of COVID-19, which included the temporary shutdowns, the evolving health and safety protocols, the stay-at-home work orders, the company did control priorities...Read More
While the general mood in the market is one of recovery and growth, not every sector is on the same page. Some, like energy, are finishing their growth sprint and entering the normalization phase, which might turn into a slide down if some external factors are triggered.Real estate, on the other hand, is still maintaining its momentum, but once the housing bubble starts to shrink at a considerable...Read More
The dividend of US55c is payable on September 23 and is the same amount as the previous two quarterly dividends following a 38% boost in February."The declaration and payment of future quarterly dividends remains at the discretion of the board of directors and will depend on the company's financial results, cash flow and cash requirements, future prospects, and other factors deemed relevant by the...Read More
Navarre Minerals Limited (ASX: NML) is an advanced gold exploration Company, focused on discovering and developing large, long-life and high-grade gold deposits, in underexplored areas of Victoria, Australia. We learned from Ian Holland, who is Managing Director of Navarre Minerals, that they have a high-quality portfolio of projects, assembled before the spotlight was shone on Victoria's prospect...Read More
When I heard that Battle Motors, the electric truck manufacturer, was entering into a marketing partnership with the UFC, I thought it was an odd combination.But then I realized just how useful these trucks could be for the UFC.Maybe the company's refuse trucks are big enough to hold all of Nate Diaz's post-fight blood reserves ..Or maybe it's big enough to fit Conor McGregor's ego.Or better yet,...Read More
Michael Gumbley, who is Managing Director and CEO of Megado Gold Ltd. (ASX: MEG) gives us an update. Megado Gold has five high-quality gold exploration assets, covering 511km2 and one license application covering 227km2 in southern and western Ethiopia, with the geological potential to host gold deposits of significant scale. Megado's flagship projects are Babicho and Chakata, where there was hist...Read More
I'm sure I'm going to get a lot of pushback on what I'm about to tell you, but I'm going to say it anyway...The concept of space tourism is, for lack of a better word, stupid.Everyone's so excited about this new space tourism idea, claiming that one day it'll be cheap enough for anyone to take a trip to space.Bullshit.I've looked into this, simply from my perspective as an investor. I've pored thr...Read More
Fully integrated US-based steel producer Cleveland-Cliffs has reported record operating and financial results for the quarter ended June, but earnings missed analyst expectations, sending the New York-quoted stock nearly 8% lower in early morning trade.Cleveland-Cliffs said adjusted earnings came in at $1.46 per share, well ahead of the 28c per share reported in the corresponding quarter a year ea...Read More
Eldorado Gold (TSX:ELD; NYSE:EGO) has bought an 11.5% stake in Quebec-focused explorer Probe Metals (TSXV: PRB; US-OTC: PROFB) in a deal worth about $23.7 million (US$18.9 million).The acquisition of 15.04 million common shares of Probe at $1.575 each follows the friendly takeover earlier this year of QMX Gold, another junior with assets in Quebec's resource-rich Abitibi Greenstone Belt.The buyout...Read More
Canada's Deep-South Resources (TSXV: DSM) is taking the Namibian Ministry of Mines and Energy to court as it refused in June to renew the company's prospecting licence for its Haib copper project.The Vancouver-based miner had warned it would contest the decision "by all means necessary" as it said it had clearly demonstrated that it had met all the criteria to justify a renewal.The application, wh...Read More