In Canada, the S&P/TSX Composite Index closed 1.1% higher and in Australia, the S&P/ASX 200 is on the rise, up 1.4% in morning trade after finishing 2.2% higher yesterday.Vista Gold (TSX: VGZ) was one of the bigger market risers in Toronto, hitting a 12-month high intraday of C$1.49 before closing up 16.3% to $1.43 on no news.The company is focused on its Mt Todd gold project in Australia'...Read More
The updated study delivered a 43% increase in undiscounted pre-tax free cashflows to A$1.6 billion, or A$1.2 billion post-tax.Read More
If there is a silver lining for mining suppliers in the current coronavirus-induced capital cutback by miners it is that recovery in mining capital investment post 2016 had barely got going beforeRead More
Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click hereIn an address 10 weeks since he declared a national state of disaster due to the coronavirus pandemic, Ramaphosa said "the risk of a massive increase in infection is now...Read More
It was a fine Memorial Day weekend here in the United States. A holiday created after the civil war, to remember the dead has been transmogrified into a celebration of BBQs and beer.Of course, with the quarantine most BBQs were smallish affairs. Part of our family, took the Jon boat out of the reservoir as well as a fleet of kayaks. We were a regular redneck circus, which is how it should be on Me...Read More
Banyan Gold (TSXV: BYN) president and CEO Tara Christie was juggling the impact of COVID-19 on the industry, and at the same time, began a new role. Like many parents worldwide, the mining executive and multi-generational gold miner began home schooling for her six-year-old daughter during the pandemic."I've had to teach myself phonics," Christie laughed. But while Christie and her daughter Katie...Read More
This episode features Golden Predator Mining CEO Janet Lee-Sheriff in conversation with Northern Miner group publisher Anthony Vaccaro at The Northern Miner Scotch Whisky Tasting event held on Zoom. Janet discusses the history of the Canadian Mint, gold supply, environmentally-friendly ways of mining, and the importance of ESG and ongoing community engagement. She also discusses the latest company...Read More
Talon Metals (TSX: TLO; US-OTC: TLOFF ) has raised $4 million in a non-brokered private placement of more than 40 million common shares at a price of 10 ? a share.The funds will be used to advance its Tamarack nickel-copper-cobalt project in north-central Minnesota, about 89 km west of Duluth ad 210 km north of Minneapolis.Resource Capital Funds participated in the offering, purchasing 21.13 milli...Read More
Focus Graphite (TSXV: FMS; US-OTC: FCSMF) has sold its 50% stake in the Kwyjibo rare earth element deposit to Investissement Qu?(C)bec, a financing corporation that exists to facilitate investment in Quebec, for $7.2 million.The agreement on the project, located 125 km northeast of Sept-??les, was originally signed last month.The other 50% of Kwyjibo is held by SOQUEM, the mineral exploration arm...Read More
Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) has walked away from its proposed acquisition of Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) and terminated its plan of arrangement for a three-way merger with Gold X Mining (TSXV: GLDX; US-OTC: SSPFX).Gran Colombia had envisioned creating a larger, South America-focused gold producer with operations in Colombia and Guyana and had offered 0.142 of a sha...Read More
Australia's New Century Resources (ASX: NCZ) has confirmed rumours of talks with Vale (NYSE: VALE) to buy the Brazilian miner's nickel and cobalt operations on the Pacific island of New Caledonia.The Melbourne-based zinc producer said on May 26 that it had entered into a 60-day exclusivity period with Vale to complete due diligence and negotiate the acquisition of 95% of Vale Nouvelle Cal?(C)donie...Read More
The International Energy Agency recently released its report -- 2020 Global Energy Review -- which states energy demand will fall 6% in 2020. This represents the largest decline in 70 years in perRead full newsRead More
"$MPNGF $MPNGY - Meituan Dianping (MPNGF) CEO Xing Wang on Q1 2020 Results - Earnings Call Transcript. https://t.co/1dV1wlLlyJ #stocks #finance #stockmarket"Read full newsRead More
Newmont Mining (NYSE:NEM) has been on fire, and why shouldn't it? While gold prices have been quiet lately, they won't stay that way forever. The backdrop for the yellow metal is bullish. Therefore, the backdrop for NEM stock is bullish, too.Source: Piotr Swat/Shutterstock But let's not pretendRead full newsRead More
The gargantuan global debt bubble is now imploding at an astounding and terrifying rate, with the virus acting as a catalyst to speed up the process thanks to the lockdowns and the massive economic disruption that they are causing. The global economy is coming to a dead stop, with the airline, catering and tourism industries the first victims and already largely destroyed in the space of just a...Read More
Is Beijing's response to escalating jawboning out of the Trump administration to simply devalue its currency?Read full newsRead More
"Over the last week, the demand for vacation rentals across the US has seen a huge increase, now surpassing the demand for this same period last year."Read full newsRead More
Watch as Elon Musk and Jay Leno go for a joy ride in the 2021 Tesla Cybertruck + more bonus sneaks! Then, catch an all new episode ofRead full newsRead More
It’s said that every generation starts out with the best intentions. Whether Gen Z finishes what it starts is almost a moot point, though, if all an investor is looking for is growth. A cynic might look at investment themes among upcoming generational cohorts and spot growth trends rich with upside. Indeed, the ethical and social dimension of these trends may almost seem incidental.However,...Read More
Sifting through the outperforming stocks over the weekend yielded two strong themes. Gold and tech are popular with investors right now. It seems that not everybody got last week’s “buy anything” rally memo, which is perhaps just as well; while it’s reassuring to see stubborn bullishness in equities, it’s also alarming. Undue bullishness now almost certainly means ano...Read More