"The issue price and size of the offering will be determined by considering investment intentions expressed by institutional investors during the book-building process," Aura said, adding its shares would continue to trade on the TSX.It plans to use the proceeds to fund operating assets, for exploration and development and to reinforce its capital structure.Aura has the San Andres gold mine in Hon...Read More
The 88th edition of the global event saw registrations by 23,144 people, compared with 25,843 last year, and a record 30,369 attendees back in 2012.Several notable exhibitors took the last minute decision to cancel their attendance, such as McEwen Mining, which said: "Just as our company holds high safety standards, the well-being of our investors and mining colleagues remains a priority."Several...Read More
Have we averted an oil crisis?All this week, it's been nothing but dead cats and learning how to shake hands with your feet.Some see the doom-and-gloom ahead for the markets as the number of cases in China swells to nearly 100,000, with more than 3,200 succumbing to the virus.Look, we can talk all day about faux fracking bans and the latest pipeline protests, but when it comes to oil, no other cat...Read More
The capital markets sessions are among the most popular events at the Prospectors and Developers Association of Canada's annual convention. For the fifth year in a row, investment bankers came together to discuss the main themes and key issues facing the mining industry - from raising capital to attracting back the generalist investor to the demands of ESG. Anthony Vaccaro, publisher of The Northe...Read More
The economics team at Bank of America has cut its 2020 global growth forecast to 2.8% "while also factoring in a mini recession.""Logistics and supply chains remain an issue, without normalisation, multipliers from fiscal/monetary stimulus would be low," Bank of America said in a March 3 research note.The outbreak of the coronavirus - now called Covid-19 - has had a "pronounced impact." For mined...Read More
Days after announcing a $110-million all-share acquisition of Balmoral Resources (TSX: BAR) to expand the Fenelon project in Quebec, Wallbridge Mining (TSX: WM) has released drill results from its portion of Fenelon, which expand the mineralized zones and suggest additional mineralization in the hangingwall.The high-grade portion of the Tabasco zone has now been traced over 500 metres of strike...Read More
Rio Tinto's (NYSE: RIO; LSE: RIO) new carbon emissions reduction targets have triggered heated criticism from some investors and environmental groups, with a group led by a Friends of the Earth's subsidiary tabling a shareholder motion to improve what it calls "weak" climate goals.The world's second-largest miner last week vowed to spend US$1 billion over the next five years to reduce its carbon f...Read More
The coronavirus is allowing the stock market to reflect some of the economic and monetary problems that have been simmering under the surface. It's not going to cause millions of deaths and mass panic. But it is going to slow the global economy. And in that respect, it could end up being the prick this bubble was looking for. The impacts are already severe and their full effects won't be felt f...Read More
Stewart Thomson, Graceland Updates 1. "He will lose the election, that's for sure...Ford lost to Carter after the 1973 oil shock, Carter lost to Reagan due to the second oil crisis in 1979, and Bush lost to Clinton after the Kuwait invasion. The Democratic field is poor, but Trump is dead." - Legendary economist Nouriel Roubini, March 2, 2020.2. Corona is the kind of crisis...Read More
StrengthsThe best performing metal this week was gold, down 3.51 percent. As of Wednesday, gold-backed ETFs saw 25 consecutive days of inflows and rose to the highest level ever of 2,624.7 tons. Bloomberg reports that after rising 18 percent last year, gold extended its rally into 2020. Turkey's gold reserves rose $1.1 billion from the previous week to now total $29.7 billion as of February 21...Read More
By Ira EpsteinGold update, key technical supports and what to come from the corona virus:Read More
"@killerwild The key number to watch is the 1642 area (+/-) 5 bucks.Closing above it leads to a cycle inversion (peak when it should be a low).Next short term trend change is due March 9th (Plus or minus 72 hours).A low = trend intact.A high would be odds for a selloff into April."Read full newsRead More
GoldMining Inc. announces the completion of its previously announced indirect acquisition of the Almaden Gold Project.Read full newsRead More
Toronto, Ontario--(Newsfile Corp. - March 2, 2020) - Pancontinental Resources Corporation (TSXV: PUC) (Read full newsRead More
Audience was unimpressed but Bristow was composed.Read full newsRead More
Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM") today announced that it has entered into a definitive agreement with the shareholders of Shepherd Thermoforming & Packaging Inc., ("Shepherd") a leading thermoformer with over 35 years' experience, to acquire 100% of Shepherd and all its real estate assets for CAD$9.5 million in cash (the "Share Purchase")...Read More
Here is what's new today on INK Ultra Money. INK Research subscribers have access to both premium and free content. If you are asked to sign in, select Canadian Insider as your subscription website.1. A near million-dollar bet on healthier days - INK ResearchThe coronavirus is serving up a wide range of risks. In this report, INK Research looks at Teck Resources (TECK), a stock that could perform...Read More
TORONTO - Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced Ontario is investing more than $10.5 million in 28 companies that supply products and services to the mining industry. This funding will help create or retain over 180 jobs.Investments made through the Northern Ontario Heritage Fund Corporation (NOHFC) include: $1 million for Coloured Aggregates Inc. in...Read More
Debuting at AME Roundup last January, the "soft launch" of Lantern was anything but soft. With giant projections on the sides of nearby buildings and miniature mining lanterns trading hands across the floor, the buzz around the young start-up's interactive booth was as energetic as its name.Attracting interest from an equal mix of drilling, mining and mineral exploration companies, Lantern brings...Read More
Traditionally, dropping a plug for cementing, grouting, wedging or any one of several downhole applications has taken three rod trips: one for pulling the entire drill string out of the hole, two for installing a rod shoe and going back down, and three for pulling the rods after a plug was set. It's a feat that's taken many hours across multiple shifts to achieve, assuming no mistakes were made al...Read More