First Quantum Minerals (TSX: FM) is selling a 30% stake in its Ravensthorpe nickel operation in Western Australia to South Korean steel giant POSCO for US$240 million.The funds will be used to help pay down debt.Under the deal, POSCO, South Korea's largest steel maker and the world's fourth-largest, is also securing 7,500 tonnes of nickel in mixed nickel-cobalt hydroxide precipitate (MHP) a year s...Read More
British Columbia-focused base metals producer Imperial Metals (TSX: III) has announced a rights offering to raise $60.2 million, (US$49.6 million) which it will use to fund its portion of work at the Red Chris copper-gold mine and repay debt.Imperial will issue rights to subscribe for 12.85 million common shares at $4.70 each.Insiders and their affiliates, including major shareholder and Alberta-b...Read More
Labrador Gold (TSXV: LAB) has closed a non-brokered private placement, raising $15 million from the sale of 16.7 million working capital units at a price of $0.90 each. A single unit consists of one common share and one-half share purchase warrant. Each full warrant is exercisable to acquire a common share at $1.05 until May 18, 2023.The units were taken up one-third by New Found Gold (TSXV: NFG;...Read More
A wall of platinum production from South Africa coming back online following Covid-19 disruptions is expected to offset demand growth this year and push the market into surplus territory, new data released by PGMs (platinum-group metals) specialist Johnson Matthey shows.A 27% gain in autocatalyst demand, according to estimates published in the latest PGM Market Report, is not enough to stem the im...Read More
Canada has a "once-in-generation" opportunity to establish itself as a major player in the global battery sector, but it needs to act fast to seize the opportunity, a new report reflecting the views of stakeholders across the electric vehicle (EV) supply chain shows.The Clean Energy Canada's study compiling opinions of major actors in the sector, such as General Motors Canada, Lion Electric, the...Read More
Jack Lundin discusses the latest update to the Cerro Blanco development strategy an asset now capable of producing +300 ...Read More
SECACO, Burkina Faso (AP) - For months, human traffickers beat and drugged Blessing,...Read full newsRead More
Located in one of Russia's most prolific gold mining provinces, Polyus' Olimpiada reigns as the top producing operation.Read full newsRead More
/PRNewswire/ - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) (Read full newsRead More
Copper closing in on real record territoryRead full newsRead More
Canada 'very concerned'Read full newsRead More
Production lifted 6% despite turmoilRead full newsRead More
The top U.S. fuel pipeline operator said its lines were fully operational on Monday, but it will take some time for supplies to recover fully from a cyberattack that left thousands of gas stations without fuel.Read full newsRead More
BURITICA, Colombia - When China's Zijin Mining paid $1 billion to buy an extensive gold mine in the Colombian Andes in late 2019, security risks were a top concern, despite an operation by the military which had beat back illegal miners.Read full newsRead More
Investing in stocks is easy and does not require a large sum of money to buy high-quality companies. Investing regularly, even a small amount, can help generate strong returns over time. I have shortlisted five Canadian stocks that are trading cheap (under $30) and have strong growth potential. Air CanadaThe resurgent virus, lower advance bookings, and travel restrictions could continue to hu...Read More
Many beginner Canadian investors with limited amounts of capital are hungry for low-cost TSX stocks under $10. It is important to remember, though, that a low share price doesn’t mean as much as most may think.Stocks with single-digit share prices tend to be small or mid-caps, with more room to run. With smaller-cap stocks, it’s important to be mindful of the risks. As you’ve pro...Read More
Legendary investor Warren Buffett has really not been a part of the recent rally. The broader markets have shown a remarkable bounce-back rally since last year, but he has largely been a net seller of stocks in this period. In Q1 2021 as well, Buffett-led Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) stayed away from the rally and continued to remain cautious.Warren Buffett and Berkshire HathawayIns...Read More
Barrick Gold (TSX:ABX)(NYSE:GOLD) picked up a nice tailwind in the past two months. Investors who missed the bounce want to know if this is the beginning of a new extended rally for the stock.Bond market and gold priceGold fell from US$2,080 last August to below US$1,700 in early March. That proved to be the recent bottom, and gold is now at a three-month high near US$1,850 per ounce.Analysts poin...Read More
ImClone Systems was a market darling back in the day. The stock price went from single digits to $170 a share in about a year.ImClone was a biotech company that developed a drug called Erbitux. Today, Erbitux is a cancer medicine that interferes with the spread of cancer cells in the body. The drug is used in combination with other drugs to treat colon and rectal cancer as well as head and neck c...Read More
Centerra Gold (TSX: CG) has kicked off a series of measures to protect shareholder rights after Kyrgyzstan seized control of the company's Kumtor gold mine on May 17.On a conference call with reporters and analysts today, CEO Scott Perry said the Toronto-based miner is already in contact with Canadian and English authorities, which have offered their support."As a significant investment partner of...Read More