The year 2020 is undoubtedly one of the most action-packed years for stocks in decades. Just as the broader markets were unpredictable, legendary investor Warren Buffett also amazed market participants with his atypical moves this year.Warren Buffett and Berkshire HathawayFirst, Buffett has been a net seller this year whereas broader markets have sported one of the epic recoveries of all-times ami...Read More
Share this articleTORONTO - Australian miner Newcrest Mining Ltd. says it has conditional approval to list its shares on the Toronto Stock Exchange, a move designed to increase its exposure to North American investors.It says it expects to satisfy remaining conditions for the listing in time to allow trading to start on Oct. 13, adding it plans no equity offering with the listing.Newcrest says the...Read More
The politicians are fighting over money. Not over how much money they have, how to get more, or how to invest in long-term projects like Eisenhower's Federal Aid Highway Act... No, they are fighting over how much money they can conjure out of thin air and give away to people who will vote for them.The Democrats want to gin up $2.2 trillion and give it away to a long list of pork projects ripe w...Read More
This week's episode features a special Thought Leadership segment with Deloitte's Henry Stoch, National Leader of Sustainability and Climate Change Canada, and Andrew Swart, Global and Canadian Leader of Mining & Metals. Henry and Andrew have a cutting edge conversation on the broader trends in ESG, including the fast pace of change, moving beyond 'greenwashing', and the new realities facing moder...Read More
Teranga Gold (TSX: TGZ; US-OTC: TGCDF) has updated the mineral resource estimate for its wholly-owned Golden Hill project in the central part of West Africa's Hounde Greenstone Belt in southwestern Burkina Faso.The project is surrounded by several gold discoveries, including Perenti Global's Siou, Endeavour Mining's (TSX: EDV) Hounde, which is contiguous with Golden Hill, and the high-grade Yara...Read More
Following its acquisition of a 70% stake in the Red Chris copper-gold mine in British Columbia last year, Australia's largest listed gold miner, Newcrest Mining (ASX: NCM), will begin trading on the Toronto Stock Exchange on Oct. 13.Sandeep Biswas, Newcrest's managing director, said that the listing is part of the company's growth strategy in North America, which already accounts for 32% of its sh...Read More
Russian precious metals producer Polymetal (LSE: POLY) is going ahead with its US$80 million Kutyn gold project, which is expected to offset declining volumes from the company's nearby Albazino mine.Pre-stripping at Kutyn, located in the Khabarovsk Territory in Far East Russia, will start in the third quarter of 2021, with first ore set to be mined in 2022.The company is targeting first gold produ...Read More
Australia's Northern Star Resources (ASX: NST) is buying smaller peer Saracen Mineral Holdings (ASX: SAR) in a deal that will create an A$16 billion (US$11.5 billion) gold giant, the world's eighth-largest gold miner by market value.The A$5.76 billion (US$4.14 billion) merger comes amid record high gold prices - above US$2,000 per oz. for the first time in August - brought on by investors rushing...Read More
A rare, flawless 102-carat white diamond found at the now closed Victor mine in Canada, has sold for US$15.7 million (HK$122 million), a record price in an online auction.The small egg-size diamond was cut from a larger 271-carat rough, found in 2018, and then cut and polished for more than a year.The bidding on the stone began in an online auction in September, culminating with an in-person aucti...Read More
In times of trouble people still turn to gold. What makes it a safe haven? Largely perceptions, based on its historical mystique.Read full newsRead More
Avrupa Minerals Ltd. is pleased to announce that the Company willRead full newsRead More
October is a month that can be full of surprises. So far, 2020 has been full of bad surprises. But, what if we start to get some mean reversion back to positive surprises?Today on INK Ultra Money, David Rosenberg gives us his take on the outlook for markets via a Real Vision interview with Ed Harrison. As usual, his base case is for subdued growth leading to disinflation or deflation. However, he...Read More
(This October 2 story officially corrects to remove reference to base metals in 10th para to clarify $2 bln investment is across whole company)Read full newsRead More
Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.Read full newsRead More
Kinross Gold Corp. is moving to secure additional supply for its Alaska gold operations by buying a controlling interest in the Peak Gold project from Royal Gold, Inc., and Contango Ore, Inc., for $125 million.Read full newsRead More
Institutional investors, industry groups and experts are divided on a set of substantial capital markets reforms being proposed by Ontario's capital markets modernization taskforce.The taskforce, set up in February by Ontario Finance Minister Rod Phillips, released a set of 47 proposed reforms over the summer that could impact mining issuers if they were implemented. The suggestions included intro...Read More
Trump posted a video a short while ago, thanking everyone at the "incredible" Walter Reed military medical centre and the enthusiastic supporters waiting outside.The gold price has zig-zagged around the US$1,900 mark over the past 24 hours and was just 20c below the psychological benchmark at the time of writing.The copper price slid on Thursday as China began a week-long holiday but closed u...Read More
The non-renounceable pro-rata entitlement issue is pricing new shares at 10c each.Each new share will come with an option exerciseable at 18c before November 2021.TNG needs an estimated $824 million to develop Mount Peake, with the 37-year, 2 million tonne per annum project said to be capable of generating pre-tax net annual operating cashflow of $359 million.Last month TNG appointed KPMG as its f...Read More
The AIM-listed company was forced to shut down Sasa mid-September after leaking around 8,000 cubic metres of tailings material into a local river.Read More
Share this article A rare white 102.39-carat oval diamond mined in Canada has been sold in Hong Kong for the equivalent of $20.9 million.Sotheby's says the diamond's new owner, an unnamed collector in Japan, named the stone the "Maiko Star" for his second daughter after he won it with a bid made by phone to the auction house's Hong Kong location.It says the same buyer last year named another impo...Read More