The US investment firm, which is lead underwriter and sole book-runner on the deal, will purchase more than 27.7 million shares, at US$0.83 per share. Cantor Fitzgerald has an over-allotment option to purchase up to an additional 4.2 million shares at the same price up to 30 days after the offering closes on November 17, which could raise an additional US$3.5 million. Taseko...Read More
The Montreal-headquartered company took advantage of a higher iron price environment amid strong fundamentals to secure a doubling of its credit facility to US$400 million. Champion says it represents a conservative financial solution to fund the buildout that will double output to 15 million tonnes per annum over the next 18 months.The company said Thursday given its $425.8 million cash on hand i...Read More
Share this article MONTREAL - Champion Iron Ltd. says it will move ahead with an expansion of its Bloom Lake open pit mining complex in northeastern Quebec that is expected to double capacity and create 375 new permanent jobs.The company says the project will take capacity to 15 million tonnes of iron ore per year.It has approved spending about $512.6 million to complete the project over the next...Read More
Check out this headline...If you're a regular reader of these pages, such a thing shouldn't surprise you.While we've been more than happy to help you profit from a wide variety of oil, gas, and coal stocks over the years, we've also warned you that this was coming.In fact, as far back as 2006, I was predicting a renewable energy growth trajectory that would make wind and solar the largest sources...Read More
Guinea's government has approved a multinational group's plan to build a railroad and deep-water port to export from the large-scale Simandou iron ore deposit to key markets, including China, the world's top consumer of the commodity.The consortium, which includes Singapore's Winning Shipping, Guinean mining logistics firm United Mining Supply (UMS), Chinese aluminum producer Shandong Weiqiao and...Read More
Kerr Mines (TSX: KER; US-OTC: KERMF) will finance the restart of production from its Copperstone gold mine in Arizona with the help of a US$18 million streaming deal with Star Royalties.Production is targeted to begin in the fourth quarter of 2021 from the fully permitted mine, which Kerr Mines acquired in 2014 through an all-share acquisition of American Bonanza.Copperstone, situated in western A...Read More
An extremely rare, purple-pink diamond mined and polished by Russia's Alrosa (MCX: ALRS) has set a record price for a gem of that colour sold at an auction after fetching 24.4 million Swiss francs (US$26.6 million) at Sotheby's in Geneva.The flawless 14.83-carat diamond, named "The Spirit of the Rose" after a ballet of the same name from 1911, already had another record under its belt - it's the l...Read More
Investing at a young age has multiple advantages. As time is by your side, you can build a strong financial foundation. You can be aggressive and chase higher returns, as the risk appetite is generally at a maximum. The only constraint could be budget.However, with stocks, you can start investing, even with a minimal amount. In the long run, what matters is the participation in the stock market, a...Read More
A panel of cybersecurity experts from across the industry kicked off the Global Mining Symposium this week with a discussion of how mining companies can build cybersecurity-resilience into their operations.Yogen Appalraju, a partner and cybersecurity leader at Ernst & Young Canada, moderated the panel, which consisted of Chandra Majumdar, Ernst & Young's cyber threat management leader, David Rae,...Read More
At times last week, I felt like I was stuck in the waiting room in Hell...I personally spent hours watching cable news - something I usually try to avoid at all costs - as John King played with his "Magic Wall" like a sugared-up child who just got his first iPad. Eventually, the pundits just ran out of things to say and were basically sitting around asking each other how much sleep they got.I almo...Read More
Robert Eadie, C.E.O. and President, discusses company strategy with the TMX group's Arne Gulstene. www.starcore.com.Read More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
The stocks of US multi-state marijuana operators have been on the move. Today on INK Ultra Money, we have a fantastic Real Vision interview with Todd Harrison and CB1 Capital Management who provides insight into industry fundamentals, the impact of the election and names he likes.US cannabis stocks: a value investing dream?I discuss the interview more in INK Chat. If you click on the following li...Read More
/PRNewswire/ -- Over the last decade, global demand for gold has increased constantly. Worldwide gold demand amounted to 4,356 metric tons in 2019. Demand has...Read full newsRead More
Vancouver, BC - Summa Silver Corp ("Summa Silver" or the "Company")(CSE: SSVR, OTCQB: SSVRF, Frankfurt: 48X) is pleased to announce that is has initiated exploration drill planning and permitting at the Mogollon Property in southwestern New Mexico. The drill program is anticipated to commence in mid-2021 with the primary focus of targeting un-mined extensions of the Consolidated Mine, where p...Read More
/PRNewswire/ -- Over the last decade, global demand for gold has increased constantly. Worldwide gold demand amounted to 4,356 metric tons in 2019. Demand has...Read full newsRead More
SOUTH COTABATO, Philippines - A court in the Philippines has dealt another setback to the company looking to mine Southeast Asia's largest untapped deposits of copper and gold, ruling to uphold a ban on the type of destructive mining being proposed. In its Oct. 12 ruling, the court in South Cotabato province dismissed a petition [...]Read full newsRead More
Gold stocks have done remarkably well this year during the COVID-19 pandemic. The price of gold hit 10-year historic highs earlier this year. Not only are investors attracted to the safety of gold during uncertain economic times, but central banks are committing to low interest rates.Low interest rates drive concerns about inflation, further sparking interest in gold to protect the store of value...Read More
Many investors may naturally avoid crashing shares when deciding where to invest their retirement portfolios. Their uncertain near-term outlooks and unpopularity among other investors may mean that assets such as Bitcoin and gold have more appeal following their recent price rises.However, ignoring other investors and focusing on high-quality businesses that trade at low prices could be a sound re...Read More
It’s earnings season and a great opportunity to pick up stocks after evaluating them on how well they have managed to weather two quarters of businesses getting impacted by the pandemic. There is a very real danger of the second wave of the pandemic keeping the whole world locked indoors for another round, and it makes sense to look at companies that are well placed to weather the second sto...Read More