Canada's major mining industry group and a green energy think tank are welcoming nearly $10 billion spread over tax credits for clean technology, mining project approval improvements, innovation research and industry training announced in a federal budget update. Ottawa is offering $6.7 billion in tax credits over five years for up to 30% of investments in clean technologies such as battery st...Read More
Ontario Mines Minister George Pirie, a 35-year mining industry veteran before his election in June, says he plans to consider cutting project red tape "fairly shortly" while encouraging more federal investment in the Ring of Fire. Pirie, who served as head of Placer Dome Canada in the years before of its acquisition by Barrick Gold (TSX: ABX; NYSE: GOLD) in 2006, says Ontario has potential to d...Read More
Pan American Silver (TSX: PAAS; NASDAQ: PAAS) and Agnico Eagle Mines (TSX: AEM; NYSE: AEM) have announced a rival offer for Yamana Gold (TSX: YRI; NYSE: AUY), throwing Gold Fields' (NYSE: GFI; JSE: GFI) US$6.7 billion offer for the company into question.The new cash and stock offer valued at about US$4.8 billion may beat the bid from Johannesburg-based Gold Fields in May because its share price ha...Read More
Coeur Mining (NYSE: CDE) announced Friday the closing of the sale of its southern Nevada projects to a subsidiary of AngloGold Ashanti (NYSE: AU).Coeur's southern Nevada portfolio comprises the Sterling and Crown exploration properties, which cover 143.7 sq. km of land adjacent to AngloGold's existing gold projects in Beatty County.The high-grade Sterling gold project hosts a past-producing open-p...Read More
Equinox Partners, a long-term value investor, announced Thursday the launch of directorswithoutstock to amplify its investment stewardship policy. The New York-based hedge fund, with over US$700 million in total assets under management with more than half in gold and silver junior miners, announced its new investment stewardship policy toward directors of public companies last month. Equino...Read More
Russia's invasion of Ukraine has largely been a failure. It's cost thousands of lives, tanked the Russian economy, exposed the Russian military as a paper tiger, spurred political unrest at home, and alienated the country abroad.But it has been successful in one way...It's shown that even a second- or third-rate power can upset the global order. If nothing else, it's been a demonstration of defia...Read More
Les compartimos lo que se vivi?? en la celebraci??n del d?-a de muertos, tuvimos concursos de catrinas y catrines, baile ...Read More
Capital moves at lightning speed in today's interconnected world. And that's where bear markets and recessions create spillover ...Read More
Leaders from Invesco's Global Market Strategy team recap November's Federal Reserve meeting and preview what the upcoming ...Read More
(TheNewswire) November 3, 2022 TheNewswire - CALGARY, ALBERTA CMX Gold & Silver Corp. ( CSE:CXC ) ; ( OTC:CXXMF ) (Read full newsRead More
This video looks at how the over 1000 percent surge in the lithium price since 2020 has been driven by a huge unexpected rise in ...Read More
The company trimmed guidance for US PGM and South African gold production, as it reported falling earnings.Read More
Share this articleTORONTO - HudBay Minerals Inc. [HBM-TSX, NYSE] has released an initial resource estimate for its Liaguen copper deposit, which is located in the Otuzco province in La Libertad region of Peru."We have a rich pipeline of organic copper growth projects at Hudbay and our Liaguen property adds another exciting opportunity to this pipeline,'' said Hudby President and CEO Peter Kukiel...Read More
I know this is not a popular opinion, but I'm going to say it anyway...President Biden needs to stop vilifying the oil companies for making record profits.He said that it was unacceptable, calling those profits "a windfall of war."According to Reuters:"I think it's outrageous," [Biden] said. If they passed those profits on to consumers, gasoline prices would be down about $0.50.The oil industry "h...Read More
Canada's number-one gold producer Barrick Gold (TSX: ABX; NYSE: GOLD) has reported a sharp drop in third-quarter earnings as lower production and higher costs weighed on its September-quarter financial results.The Toronto-headquartered major reported headline earnings of US$224 million in the September quarter, compared with $419 million in the previous and corresponding quarters. Adjusted net ear...Read More
Lithium Americas (TSX: LAC; NYSE: LAC) plans to separate its North American and Argentine businesses into two independent public companies by the end of the year, it said on Thursday.The new Lithium Americas company will own the Thacker Pass lithium project in Nevada and investments in Green Technology Metals (ASX: GT1) and Ascend Elements, according to a company statement. Lithium Americas' presi...Read More
AbraSilver Resource (TSXV: ABRA) has updated a September 2021 resource estimate for its Diablillos project in Argentina's Salta province, significantly expanding the high-grade Tesoro zone, which is the highest-grade area in the Oculto deposit.The company says it expects to complete a pre-feasibility study on the project in the first half of 2023.The project, about 160 km southwest of the city of...Read More
Secretariat won the Triple Crown that year, NASA launched Skylab and Watergate intensified.It was 1973, the same year Esso Minerals and Cuvier Mines began developing the Gays River underground zinc and lead project in Nova Scotia, 60 km northeast of Halifax.The Gays River mill began processing 900 tonnes per day in 1979 before underground flooding hampered mining for the joint venture and subseque...Read More
Nevada Copper (TSX: NCU; US-OTC: NEVDF) has provided an update on operational activities at its Pumpkin Hollow underground copper mine located near Yerington in Nevada's Lyon County. The company recently closed a US$123 million financing package to support the mine's restart and ramp-up, which is underway.An optimized life-of-mine plan that focuses on accessing the larger, higher-grade stopes of t...Read More
Astra Exploration (TSXV: ASTR; US-OTC: ATEPF), which owns 80% of the Pampa Paciencia project in northern Chile, has signed an agreement to acquire the remaining 20% of the project from joint-venture partner Sociedad Quimica y Minera de Chile (NYSE: SQM).The 3,840-hectare gold-silver project is less than 15 km from two producing mines - the Sierra Gorda open-pit copper mine owned by South32 (LSE: S...Read More