China has increased U.S. crude purchases with some buyers snapping up cargoes at the widest discounts ever as sellers seek to offload excess supplies in Asia, six trade sources said on Wednesday.Read full newsRead More
A busy period for newsflow at Ariana Resources (LSE:AAU) continued on Thursday as the firm revealed that the latest round of work at one of its major satel...Read full newsRead More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") today announced it has recently received over $400K in new purchase orders for the Uniden UV350 in-vehicle IoT device from three new distributors working on First Responder projects in the United States.Marc Seelenfreund, CEO of Siyata Mobile, comments, "First Responders continue to maintain the natio...Read More
Vancouver, BC - A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ), a pioneer in military robotics, services, and innovation in the auto industry, announces the appointment of Mr. Gadi Levin as Chief Financial Officer of the Company and its subsidiaries, effective immediately.Mr. Levin has over 20 years of experience in finance and has served in a number of similar roles at various...Read More
South Africa's stock market is set for its worst quarter on record as the coronavirus ravages global equities, but gold miners are at least shining amid the gloom.Read full newsRead More
Australia proved a bright spot among global markets yesterday, with the S&P/ASX 200 closing about 3.6% higher while other key indices fell.The S&P 500 closed 4.4% lower in New York and London's FTSE 100 lost 3.8%.Americans have been told they now have 30 days to "slow the spread".The country's manufacturing activity contracted less than expected in March, but disruptions caused by the pand...Read More
It seems that just when you thought things couldn’t get any crazier, this last week proved everyone wrong.As Canadians continue to be in the midst of a market meltdown, there was finally some positive movement for investors. After a drop of almost 40% in the S&P/TSX Composite, stocks are finally turning around. Whether this will last is up for debate, but as of writing the TSX has b...Read More
Treasury Metals has reported the results of three holes completed within the Main zone of the deposit at its 50-sq.-km Goliath gold project in Ontario.The drill highlights include 19.5 metres of 6.3 g/t gold, 9 metres of 4.8 g/t gold and 4.9 metres of 2.9 g/t gold.The company indicated that these results show strong continuity of the mineralization in proposed mining areas with potential to upgra...Read More
Underground loader ControlMaster guidance automation at Siou Credit: RCT RCT, a leader in providing autonomous solutions, has executed a project with African Underground Mining Services (AUMS) at the Siou underground gold mine in Burkina Faso.Earlier this year, RCT commissioned its ControlMaster guidance automation technology on two of Siou's underground loaders and supplied two associated auto...Read More
Adobe Stock Key moves in the Canadian mining sectorMary-Lynn Oke has joined the board of Anaconda Mining with Maruf Raza resigning as a director.Ryan Smith has been appointed CFO of Bearing Lithium with Ray Baterina also named corporate secretary.Brian Fowler has resigned from the board of Blind Creek Resources.Robert Cinits has been appointed president, CEO and director of Blue Th...Read More
The SAIC-Volkswagen assembly line in Shanghai. (Photo: Xinhua via Twitter) The slowdown in China's electric vehicle sector could have knock-on effects on the battery metals market in both the short and long run, commodities analysts at Argus Media in a new report. A weaker economy and lower new energy vehicle (NEV) subsidies that were introduced in 2019 led to a drop in Chinese vehicle production...Read More
Velarde??a properties in Durango state, Mexico. Credit: Golden Minerals Company Colorado-based miner Golden Minerals (TSX: AUMN) has reported positive findings in a preliminary economic assessment (PEA) and updated mineral resource estimate for the Velarde??a properties, its wholly owned silver and gold project located in Durango state, Mexico.Tetra Tech, the engineering company responsible for p...Read More
The company said yesterday Thornton had sold about 2.63 million shares, after the publication of its 2019 results, and he now held about 2.64 million shares.Using yesterday's close of C$26.88, the transaction would have been worth about $70 million (US$50 million).Barrick said Thornton sold the shares "due to personal portfolio considerations"."Mr Thornton sold Barrick shares that he purchased usi...Read More
The agency explains that the power stations are responding to resurgent electricity demand as factories start back up. It sees this as a beacon to the world.Read More
Share this articleTORONTO - Canadian mining companies with assets in Mexico moved to suspend operations in the country as the Mexican government ordered non-essential businesses to close in an effort to slow the spread of COVID-19.Agnico Eagle Mines Ltd. says its Pinos Altos, Creston Mascota and La India operations were ramping down and would be placed on care and maintenance until April 30.Explo...Read More
How do you think life will change after the pandemic?I have been asked this question a lot lately.Particularly from investors who are trying to figure out the best way to build and protect their wealth during these tough times.I've actually been giving this a lot of thought and also reached out to some of my favorite analysts to get their takes, too.The way I see it, the more options we have, the...Read More
New Gold (TSX: NGD; NYSE-AM: NGD) has closed a strategic partnership with the Ontario Teachers' Pension Plan (OTPP) to acquire a 46% free cash flow interest in the company's New Afton mine for an upfront cash payment of US$300 million. The proceeds are to be used to reduce the company's debt and increase its financial flexibility."The partnership agreement is a great deal and a great outcome and f...Read More
Not so long ago, in situ oilsands production was little more than a dream in the eye of Alberta's petroleum producers. Years of government and industry-funded research cracked that nut with the development of steam assisted gravity drainage (SAGD) that has created a multibillion-dollar industry paying dividends to both producers and governments for two decades.A new group of entrepreneurs and tech...Read More
Mexico, the world's largest silver producer, has become the latest country to enforce a suspension of non-essential activities in response to the outbreak of the coronavirus pandemic, after confirmed cases in the country climbed above 1,000, with 29 deaths.The government decree, effective until April 30, is expected to have a significant impact on the supply of silver at a time when demand for sil...Read More
John Thornton, Barrick Gold's (TSX: ABX; NYSE: GOLD) executive chairman, has sold half his stake in the company "due to personal portfolio considerations."Thornton sold 2.63 million shares following the publication of the company's 2019 annual results. The gold major noted that he sold the shares that he had bought using his personal funds and the shares were not subject to holding restrictions.Th...Read More