BEIRUT, LEBANON (12:30 A.M.) - The Libyan National Army (LNA), led by Field Marshal Khalifa Haftar, has begun the process of securing and protecting theRead full newsRead More
TORONTO - The Ontario government is helping large industrial and commercial companies return to full levels of operation without the fear of electricity costs spiking by providing more stable electricity pricing for two years. Effective immediately, companies that participate in the Industrial Conservation Initiative (ICI) will not be required to reduce their electricity usage during peak hours, a...Read More
Margaux Resources Ltd. is pleased to announce the appointment ofRead full newsRead More
Precipitate Gold Corp. is pleased to announce that its common shaRead full newsRead More
Four of the 11 charges brought against Codelco are serious, potentially leading to fines of up to $15 million.Read full newsRead More
Companies may take until August to get all their employees back at work.Read full newsRead More
TORONTO - Owners of the Porgera gold mine in Papua New Guinea say they will lay off 2,650 local mine workers by the end of July as the result of a continuing dispute with the federal government. Barrick Niugini Ltd., the joint venture mine owner and operator that is owned 47.5 per cent each by Canada's Barrick Gold Corp. and partner Zijin Mining Group of China, says the cost of the layoffs wil...Read More
In this week's Insights newsletter, we celebrate the Venture Index setting a 2020 high yesterday. Junior mining is leading the charge helping Venture stocks to lead the Canadian market for the first time in a very long time. Our insider of the week is involved with a company that has shifted focus from mining into transaction processing. In this case, we not talking hard rock mining, but an excit...Read More
Footage emerges of huge bright light illuminating sky over the capital, near a military siteRead full newsRead More
The company issued US$451 million and A$70 million of fixed rate senior secured notes.Initially launched as a US$250 million issue to refinance bonds maturing in October 2020, the transaction achieved a final order book of $1.3 billion, representing an oversubscription of more than five times.The strong investor demand resulted in a tightening of margins and allowed the transaction to be upsized."...Read More
One good thing about the recent broad market weakness is it has created many rewarding opportunities for investors. Though markets have remarkably recovered in the last three months, some TSX stocks are still trading below their fair values.Let’s take a look at stocks that are trading below $5 and offer handsome upside potential. Investors should note that low stock prices do not necessarily...Read More
Every market crash teaches us a lesson. And as every crash is different from the others (no matter how similar the consequences), investors can learn something new every time. But the problem is that you can’t prepare against every eventuality.Even if you have substantial resources, you can’t build up a perfect portfolio of assets that are immune to market corrections and downturns.Tha...Read More
Trevali's Santander zinc mine in Peru, 200 km northeast of Lima. (Image courtesy of Trevali Mining) Trevali Mining (TSX: TV) announced Friday that 19 workers at the Santander mine in Peru have tested positive for covid-19. As a result, the company has temporarily suspended operations at the mine and mill to undertake additional on-site testing.Earlier this week, prior to a roster change, 69 worke...Read More
1960 Nu-Klea Starlite Electric RunaboutNu-Klea Automobile Corp. of Lansing, Michigan hoped to get this electric car into production. Drive was to be "D.C. Electric Motors". Power was described as "Battery 36 volts", with "built-in charger". Body: All Plastic, with optional fiberglass cloth or Plexiglass Top. Image: Alden Jewell Car sales are tanking the world over: Europe is likely to experience...Read More
Casting of zinc jumbos. Image from Nyrstar. The Antwerp commercial court has instructed Nyrstar to postpone a general meeting scheduled for June 30 to make a decision on the dissolution of the zinc firm.The move comes after demand from a group of Belgian minority shareholders united around RSQ Investors, arguing lack of transparency on the restructuring of Nyrstar.Geneva-based Trafigura acquired...Read More
Aerial view Cornwall mines. Image by suziedoe from Pixabay . The Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) has released its newest report. Guidance for Governments: Improving Legal Frameworks for Environmental and Social Impact Assessment and Management provides IGF member states with a summary of good international practice in legal frameworks for ESIA...Read More
Visible gold from Eastern Gold Zone mineralization at Perron Credit: Amex Exploration. Amex Exploration (TSXV:AMX) has reported multiple drill results from the Eastern Gold Zone on its 100% owned Perron property in northwestern Quebec.Drill hole PE-19-165 intersected 28.97 g/t Au over 5.60 m at a vertical depth of approximately 660 m. This intercept increases the bonanza grade core of the HGZ on...Read More
Champion Iron Limited (TSX: CIA, ASX: CIA), through its subsidiary Qu?(C)bec Iron Ore Inc., owns and operates the high-grade low-cost Bloom Lake Mining Complex, located on the south end of the Labrador Trough in Northern Qu?(C)bec, adjacent to established iron ore producers. Bloom Lake is an open-pit truck and shovel operation, with a concentrator, and it ships iron concentrate from the site by ra...Read More
The bullish sentiment on gold is rapidly growing amid both institutional and retail investors as the number of reported COVID-19 cases increases in the U.S., casting shadows on hopes of a fast economic recovery.With reported coronavirus cases jumping in Southern states, the U.S. set a daily record for the number of new cases yesterday. According to data collected by Johns Hopkins, 40,401 new cases...Read More
GoldMining (TSX: GOLD; US-OTC: GLDLF) has created a wholly owned royalty company - Gold Royalty - with a portfolio of 14 newly created royalties on GoldMining's gold assets in the Americas.The royalties include 2% net smelter return (NSR) royalties on two gold projects, a 1% NSR on 11 assets and a 0.5% NSR on one project. Eleven of the 14 NSRs are on resource and development-stage projects, with a...Read More