An updated preliminary economic assessment released by Talon Metals (TSE: TLO) for the 125-sq.-km Tamarack project, 87 km west of Duluth, Minnesota, suggests a net present value estimate of $291 million, at a 7% discount rate. When compared with the prior PEA from 2018, increased tonnes in the mine plan and higher mill throughputs (at 2,000 t/d, up from 1,390 t/d) increased the after-tax NPV by...Read More
Image from Wenco. Wenco, a technology solutions company, is expanding its South American presence with Thiess, the world's largest mining contractor, selecting the Wenco Mine Performance Suite to run its operations at Antofagasta's Centinela open-pit mine in Chile.Antofagasta contracted Thiess to develop the Encuentro oxides pit, which is expected to contribute to the mine's output of 50,000 ton...Read More
ST600 Loegering Power attachment (Credit: Loegering). Loegering Power Attachments has introduced the ST-series stabilizing and milling skid-steer and compact track loader attachments to the North American market. The ST1000 and ST600 attachments allow contractors to complete milling and stabilizing using the same tool.. The ST1000 and ST600 attachments allow contractors to complete milling and...Read More
Global market volatility drove gold ETF assets to new all-time highs. File image. Global gold-backed exchange-traded funds (ETFs) had $4.9 billion or 84.5 tonnes of net inflows in February, boosting holdings to new all-time highs of 3,033 tonnes, the World Gold Council (WGC) reported Thursday. Combined with a gold price increase of nearly 2%, assets under management (AUM) grew by 4.4% in dollar t...Read More
Points that Investors& Executives of Small Mining Companies (Juniors) should consider.1-Small cap gold and base metal stocks differ in several ways from large cap metals and are best approached on a potential value basis. That would be what a company expects to have "in the ground" and/or what the company eventually expects to prove. Successful invest...Read More
"Congress has agreed to provide US$8 billion to fight coronavirus!" US president Donald Trump tweeted, as other governments contemplate packages.North American and European indices closed higher and the S&P 500 was up 4.2%, although Australasian markets were mixed yesterday.The Bank of Canada cut interest rates yesterday, in line with moves by Australia's and US' central banks this week.The go...Read More
Bill Sullivan, senior foreign counsel at Jakarta-based law firm Christian Teo & Partners and a senior adviser to Stephenson Harwood LLP, said the new challenge was in the form of increased uncertainty about the practical enforceability of a traditionally favoured security right of lenders, the Fiducia Charge.He said the Constitutional Court had recently ruled a creditor was not entitled to rep...Read More
Today is Thursday, March 5, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,664.45. It's up 1.69% from yesterday and up 29.2...Read More
Today is Thursday, March 5, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Magnolia Oil & Gas Corporation (NYSE: MGY), Centennial Resource Development (NASDAQ: CDEV), and Solaris Oilfield Infrastructure (NYSE: SOI).Magnolia Oil & Gas Corporation (NYSE: MGY)Magnolia Oil & Gas Corporation (NYSE: MGY) is a $1.797 billion company today with a one-year retu...Read More
I didn't buy it at first.My colleague, Jason Stutman, suggested that the recent market collapse cannot be entirely blamed on the coronavirus, but rather the fact that Wall Street saw Sanders winning the primaries and responded accordingly.Seemed a bit far-fetched to me.But something interesting happened following Super Tuesday.After Biden took the lead from Sanders, the market began to rebound.Is...Read More
Financier Eric Sprott is putting some of his money behind Orefinders Resources (TSXV: ORX) and the junior explorer's properties in the Kirkland Lake district of Ontario.Sprott has taken an 8.01% of the company's issued and outstanding common shares on a non-diluted basis and about 11.64% on a partially diluted basis."He's had tremendous success in the Kirkland Lake camp and that's clearly what got...Read More
Mark Bristow used his keynote address at the 2020 PDAC conference to stress the importance of exploration for miners."It's geologists and exploration that drive value creation and delivery in our industry," said Bristow, president and CEO of Barrick Gold (TSX: ABX; NYSE: GOLD). "The need to invest in its human capital as well as the physical activity itself is pressing.""Discovery and development...Read More
Canada's Minister of Natural Resources Seamus O'Regan made his first appearance at the Prospectors and Developers Association of Canada (PDAC) convention in Toronto last week, knowing he would be under the spotlight as the new man in town from Ottawa. Since taking on the ministerial portfolio last November, O'Regan has faced a series of issues that affect the resources industries in Canada, most n...Read More
The Republic of Guinea has selected a China-backed consortium to develop blocks 1 and 2 of the Simandou deposit, which holds estimated reserves of more than 2 billion tonnes of high-grade iron ore.The SMB-Winning consortium includes Singapore-based owner Winning Shipping, Chinese aluminum producer Shandong Weiqiao, China's Yantai Port Group, and Guinea-based transport and logistics firm United Min...Read More
Among the many challenges facing the minerals exploration and mining industry, Environmental, Social and Governance (ESG) issues are receiving increased attention, with ESG programs now critical components of a company's strategy and business planning.The Prospectors and Developers Association of Canada (PDAC) convention in Toronto offered several ESG and sustainability-themed sessions focussed on...Read More
Australian gold producer and rare earths developer Alkane Resources (ASX: ALK) is a step closer to developing its Dubbo project after Australia's export credit agency confirmed its interest in financing the proposed mine.Dubbo, in central New South Wales, is an advanced polymetallic project with large in-ground resources of zirconium, hafnium, niobium, yttrium and rare earths.Due to the size of th...Read More
"Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one."-Charles MacKay Extraordinary Popular Delusions and the Madness of CrowdsI think it is safe to say by now, that we are in complete panic mode.In the midst of a worldwide pandemic, a stock market crash and a lame, desperate move by the Fed - we've all...Read More
"$DIN - Dine Brands Global (DIN) Presents At Raymond James Institutional Investors Conference - Slideshow. https://t.co/DApbpHbbAh #stockmarket #stocks #investing"Read full newsRead More
In the latest update to the Rick's Picks home page, I've revised an interest rate forecast for the 30-year bond to better sit down for this 0.73%. This is an implied recession/depression away from the current 1.60%, so you may want to jot the new number down. I got a wake-up call on this from my friend Doug Behnfield, whose name will be familiar to anyone who has followed Rick's Picks for...Read More
By: Ira EpsteinFed hasn't done anything like this since 2008. The 50 basis point cut was 100% priced in this month by the market. So the Fed used some of its bullets and now..Read More