The discovery of a vast seam of copper at the Kinsinka mine in the Democratic Republic of Congo has produced a welcome bump for Power Metal Resources (LSE:...Read full newsRead More
THUNDER BAY - The Ontario government is providing more travel options for passengers in the northwest with the launch of a new bus route between White River and Thunder Bay, offering riders easier, more convenient connections and direct stops at hospitals, post-secondary schools and other community hubs.Greg Rickford, Minister of Energy, Northern Development and Mines, was at Lakehead University t...Read More
Camp at the Bornite project, one of the two most advanced of Upper Kobuk Mineral Projects. (Image courtesy of Trilogy Metals.) Trilogy Metals NYSE: TMQ) and South32 Limited (ASX, LSE, JSE: S32) completed on Wednesday the formation of a 50/50 joint venture to create a new company: Ambler Metals. The new partnership structure comes as the Australian major exercised an option acquired in 2017...Read More
Cove gold property in Nevada. Credit: Premier Gold Mines. Premier Gold Mines (TSE: PG) has announced an overnight marketed offering of C$38 million, increased from approximately C$33 million previously. The offering, co-led by CIBC Capital Markets and Sprott Capital Partners, will involve the issue of 25.3 million shares at C$1.50 each with the option to issue an additional 3.8 million shares for...Read More
Aerial view, Turnagain project site. Image from Giga Metals. Giga Metals (TSX: GIGA) announced that, based on ongoing metallurgical testwork, it has obtained significantly improved nickel and cobalt recoveries for samples from the Turnagain deposit in northern British Columbia.Recent tests have shown that separating fast-floating nickel minerals from slower-floating material allows this latter po...Read More
Deadly virus outbreak hammers orange metal. Credit: Health Policy Watch China's battery storage production capacity could reduce by as much as 10% to 237 gigawatt-hour (GWh) in 2020 compared to the pre-coronavirus 2020 forecast, research firm Wood Mackenzie said in a note on Wednesday. Based on operational and announced capacity, this represents more than 26 GWh of production for 2020. More ca...Read More
Brucejack gold mine. Credit: Pretium Resources. Pretium Resources (NYSE, TSX: PGV) reported its 2019 results and production outlook for 2020 on Wednesday, revealing that it expects to produce 325,000 to 365,000 oz. gold a year while it mines the Valley of the Kings zone, a significant drop from the 525,000 oz. long-term output rate forecast last year. Pretium said the change in the production out...Read More
An outcrop at Monarch Gold's Fayolle gold property, 35 km northeast of Rouyn-Noranda, Quebec. Credit: Monarch Gold. Monarch Gold (TSX: MQR) reported on Wednesday total assets of just over C$76 million ($57 million) for the second quarter ended December 31, 2019.The Canadian company said that it undertook several strategic initiatives since the end of 2019 to develop major projects in the mining...Read More
"We think it is still early days for this virus and the potential implications," RBC said overnight.Read More
Share this articleTORONTO - The formation of the Nevada Gold Mines joint venture last year, along with strong performances from Latin American, Asia Pacific and Africa/Middle East operations, helped Barrick Gold Corp. beat analyst expectations in the fourth quarter.The Toronto-based miner reported Wednesday gold production of 5.465 million ounces in 2019, at the top end of its guidance range, w...Read More
Share this articleVANCOUVER, GREAT ATLANTIC RESOURCES CORP. [TSXV.GR] is pleased to announce it has received analytical results for the fourth drill hole (GP19-140) completed during the 2019 Phase 1 diamond drilling program at its Golden Promise Gold Property, located within the central Newfoundland gold belt. The drilling program was conducted at the Jaclyn Main Zone. GP19-140 intersected a near...Read More
Share this articleTORONTO - Barrick Gold Corp. raised its dividend as it reported a fourth-quarter profit of nearly US$1.39 billion.The gold miner, which keeps its books in U.S. dollars, says it will now pay a quarterly dividend of seven cents per share, up from a nickel per share.The increased payment to shareholders came as Barrick earned 78 cents per share in the quarter ended Dec. 31 compar...Read More
So you can't make any money in oil and gas anymore?When Jim Cramer said that, I imagine that quite a few investors nodded their heads in agreement.Those people were also the same ones who waited until oil topped $100 before they got their feet wet.They were also the first to buy shares of Tesla at $968.99 apiece.Let's see how that trade works out for them. But we can see why he took the most beari...Read More
Pretium Resources (TSX: PVG) expects to produce between 325,000 oz. and 365,000 oz. gold per year in the Valley of the Kings zone, in contrast with the 525,000 oz. long-term output rate suggested in a technical report released in 2019. Last year's gold production of 354,405 oz. from the Brucejack mine in B.C. at all-in sustaining costs (AISCs) of US$888 per oz. is in line with earlier forecasts.Pr...Read More
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) is taking a 9.9% stake in Rupert Resources (TSXV: RUP) and the junior's flagship Pahtavaara gold project, located 50 km away from Agnico's Kittila mine in Finland.Rupert Resources owns 100% of the permitted Pahtavaara gold mine and mill on a 300 sq. km. land package in northern Finland's Central Lapland Greenstone Belt.Pahtavaara is located about 20 km from...Read More
AngloGold Ashanti (NYSE: AU) is selling its assets in South Africa to Harmony Gold (NASDAQ: HMY) in a deal worth about US$300 million.Harmony Gold has nine underground operations in the country's Witswatersrand basin and an open-pit mine on the Kraaipan Greenstone belt.AngloGold said it decided to sell its remaining producing assets and related liabilities to Harmony Gold after a nine month sales...Read More
Barrick Gold (TSX:ABX)(NYSE:GOLD) just reported Q4 and full-year 2019 results.Let’s take a look at how things went for the gold mining giant and try to determine if this is a good time to add the stock to your portfolio.Operating results and earningsBarrick produced 5.47 million ounces of gold in 2019. This is near the top end of its guidance of 5.1-5.6 million ounces, indicating the company...Read More
Buying gold stocks is a sound strategy for safety-proofing a portfolio. With some big names in gold production paying dividends, it’s also a way to yield some passive income. But there are other metals out there, and other ways to invest in mining. From steep upside potential to a mix of growth and income, let’s take a look at three metals and why to get invested in them.ZincFrom a jum...Read More
Imagine waking up, surrounded by doctors clad in space suits and respirators.Every time you breathe out it's a hazard, and everything you touch must be sterilized or destroyed.That's the reality of this coronavirus (COVID-19) outbreak.China's 2020 New Year's celebrations were called off. Tens of thousands of flights were cancelled, office buildings and schools were locked, and billions of dollars...Read More
Pure Gold Mining CEO Darin Labrenz presents at The Oxygen Capital Breakfast at VRIC 2020, in Vancouver BC. Titled "Dream ...Read More