The last three trading sessions have been a nightmare for the U.S. stock markets. When investors returned after the Labour Day weekend, they went on a selling spree, as they priced in the economic risks. On September 8, the Nasdaq Composite Index dipped 4%, and the S&P 500 Index fell 2.8%. Three consecutive days of selling pushed the two indexes below their 50-day moving averages.A similar tre...Read More
Like many TSX stocks, gold has had a huge run-up in price this year. The yellow metal has been gaining value rapidly over the last few years.Already in 2019, the price of gold was on the rise. In total, the price rose by roughly 10% last year — a significant amount for gold. That rally continued early in 2020, then along came the coronavirus pandemic.Initially, gold, like almost every o...Read More
All it took was three trading sessions, and euphoria has turned into unease amid a September stock market crash that hit many of the first-half-of-the-year tech winners, including the likes of Shopify. Warren Buffett looks like a genius, having boosted his stakes in grocers and gold stock Barrick Gold while taking a raincheck on many frothy, pandemic-resilient tech stocks that, before September, h...Read More
The company plans to use the net proceeds to fund the purchase or redemption of outstanding 7% senior notes due 2025 and the remainder for general corporate purposes.Iamgold had $866.3 million in cash and short-term investments at June 30 and a "virtually undrawn" $500 million credit facility.It had reported solid operating results for the June quarter, despite COVID-19 impacts on production, than...Read More
The embattled diamond producer, which put itself up for sale at the end of June, said Leigh Day - a UK law firm - had filed claims in the High Court on behalf of 32 individuals against Petra and the mine operator Williamson Diamond Limited (WDL)."The claims are understood to allege that Petra and WDL are liable for human rights violations, personal injuries and deaths suffered by these anonymous i...Read More
Although the world around us is starting to open up again, you're probably still hungover from the COVID summer.You might have missed a huge move by Big Oil.In July, Chevron scooped up Noble Energy for $13 billion with debt included.During bear markets, only the strong drillers survive.And you better believe the sharks have been circling.You can bet more buyouts are likely on the way, too.Keep in...Read More
Precious gemstones miner Gemfields (LSE: GEM) is stepping up efforts to market its emeralds and rubies in China after a report highlighted the "huge potential" for ethically sourced gems in the Chinese market.Based on research among gemstone owners across China, Gemstone says there is an opportunity to meet Chinese consumers' growing expectations of corporate responsibility and sustainability.The...Read More
Harte Gold (TSX: HRT) is back on track at its Sugar Zone mine in White River, Ontario. After restarting mining at the end of July and milling in early August, following a temporary shutdown at the end of March, the operation generated 3,200 oz. gold last month, in line with the record monthly output prior to the temporary shutdown.The mill has consistently operated at, or over, 800 tonnes per day...Read More
Struggling Petra Diamonds (LSE:PDL), which put itself up for sale in June, is facing allegations of human rights abuses by the security guards at its Williamson mine in Tanzania.The South African company said that UK-based law firm Leigh Day had filed claims in the High Court of England on behalf of 32 anonymous individuals. The accusations against Petra and the mine operator Williamson Diamond...Read More
Six months is an eternity in politics, but that's how long it's been since the Ontario government made a series of announcements at this year's Prospectors and Developers Association of Canada (PDAC) convention in Toronto, which were intended to show the province's support for the mining sector.Shortly after PDAC wrapped up, however, the provincial government found itself dealing with Covid-19. Th...Read More
Looking for a mining movie to watch? Check out our list of some of the greatest gold mining films ever made.Read full newsRead More
Comet Resources Ltd (ASX:CRL) is pleased to announce it has received commitments for a placement of 100,000,000 new fully paid ordinary shares in Comet to eligible sophisticated and institutional investors at $0.02 per New Share.Read full newsRead More
Golden Arrow Resources Corporation is reminding all shareholdersRead full newsRead More
FenixOro Gold Corp is pleased to announce that it has received enRead full newsRead More
Getchell Gold Corp. a leading Nevada focused Gold and Copper explRead full newsRead More
Granada Gold Mine Inc. announces that further to its press releasRead full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
General Motors Canada and partners announced the completion of a $28 million cogeneration investment at the GM St. Catharines Propulsion plant. The 6.4 MW project uses renewable landfill gas to generate electricity and thermal energy.Read full newsRead More
The US industry deployed 168MW / 288MWh of energy storage in the second quarter of this year, the second highest quarterly figures on record, according to Wood Mackenzie Power & Renewables.Read full newsRead More
Toronto, Ontario--(Newsfile Corp. - September 8, 2020) - FenixOro Gold Corp (CSE: FENX) (OTC Pink: FDVXF) (FSE: 8FD) is pleased...Read full newsRead More