Today, on INK Ultra Money Mark Cuban provides an uplifting take on the state of markets, leaving no doubt in his mind that we have entered an internet-bubble like period. It is in an insightful, entertaining, and reassuring Real Vison premium video reinforcing the idea that eventually hard work and sanity prevail over irrational exuberance.America needs to get more productiveOf course, good luck...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM / OTCQX: SYATF / FRA: WK3D) (the "Company" or "Siyata") announces it has won a $685,000 order for its UV350 and its UV350 Desktop Dispatch Unit (DDU) to supply additional devices to an ambulance company which has previously purchased and installed ~$200,000 worth of devices. Marc Seelenfreund, CEO of Siyata Mobile, commented, "First and foremost, s...Read More
(Kitco News) - Gold will climb to $1,900 an ounce come December, according to the Australia and New Zealand Banking Group (ANZ), which remains bul...Read full newsRead More
Cypress Development Corp. (TSX-V: CYP) (OTCQB: CYDVF) (Frankfurt: C1Z1) owns 100% of a giant, leachable, lithium-bearing claystone-hosted resource, the Clayton Valley Lithium Project ("CVLP"), adjacent to Albemarle Corp.'s Silver Peak brine operations in Nevada. The Company has an Enterprise Value ("EV") (market cap + debt - cash) of C$17.5 million.On May 19th, management delivered a highly-an...Read More
Money just isn’t worth what it used to be. Inflation has been eating away our purchasing power for years. Just 20 years ago, a basket of goods that cost $100 would cost almost $144 today!In the last few months, inflation isn’t the only phenomenon reducing the value of money. As of late May, “The federal government’s latest projection of how much it will spend on direct supp...Read More
Cangrejos project mine camp. (Image courtesy of Lumina Gold.) An updated preliminary economic assessment (PEA) for Lumina Gold's Cangrejos gold-copper project in southern Ecuador has added nine years to the mine life and improved economics while increasing the initial capex to $1 billion from $831 million.The extended mine life for the open pit project, in Ecuador's El Oro province, comes from i...Read More
TSM Excellence Awards 2020. Agnico Eagle Mines and Cameco are this year's recipients of the Mining Association of Canada's (MAC) Towards Sustainable Mining (TSM) Excellence Awards, which recognize innovative sustainability projects focused on community engagement and the environment.The TSM encourages mining companies to meet the demand for minerals, metals and energy products in the most so...Read More
Drilling at Talisker Resources' 42-sq.-km Bralorne gold project in British Columbia has returned high-grade gold from new veins as well as from existing structures.Of the three holes in the most recent release, two returned high-grade intercepts. Hole SB-2020-004 was drilled around the past-producing Pioneer mine and returned 0.5 metres of 27.6 g/t gold starting at 320.5 metres as well as 0.5 me...Read More
Tiananmen in Beijing. Stock image. China could move to re-invest in its mining industry to secure its resource base in the post-covid-19 world, according to a new report from Fitch Solutions.The pandemic shed light on supply chain weaknesses in general and on international dependence for strategic products. The issue is even more crucial in China, where the metals industry is largely reliant on o...Read More
Tesla Motors' entry level Model 3 electric vehicle. Image from Tesla Motors. BloombergNEF, the primary research service for Bloomberg, is forecasting an 18% drop in electric vehicle (EV) sales this year due to disruptions to battery metals supply chains from the covid-19 pandemic.It has lowered its forecast for EV sales this year to 1.7 million vehicles, a 27% drop from its earlier forecast.The d...Read More
CIBC analyst Bryce Adams increased Centerra's price target to C$17 from $14 previously.He highlighted continued resource conversion at Kumtor in Kazakhstan, the Oksut (in Turkey) ramp-up to steady-state production this year, and management's disciplined approach to growth while maintaining a strong balance sheet."All told, we view Centerra as well positioned to outperform peers over the remainder...Read More
Guinea's mining minister Abdoulaye Magassouba said on June 4 the government had approved a basic agreement for the US$14 billion development plan, even though the proposal failed to meet minimumRead More
Gold X Mining Corp. (TSX-V: GLDX, OTCQX: SSPXF) is developing the Toroparu Gold Project in Guyana, South America. Gold X has spent more than US$150 million on the Project to date to both classify 7.35 million ounces of measured and indicated and 3.15 M-oz of inferred gold resources, develop engineering studies for use in a feasibility study, and define a number of exploration targets around Toropa...Read More
The market today is perhaps the most delusional it has ever been.There is a mix of new traders on free brokerage sites like Robinhood, who are working from home and got a $1,200 check. You mix this with Twitter pump and dumps and you get what happened the past two days.Chesapeake Energy launched from $13 to $69.Today it declared bankruptcy. The stock is halted, but it was down 50% in premarket tra...Read More
The Marshall Precious Metals Fund, managed and led by chairman and CEO David Garofalo, with funds from Chinese state-owned Zhaojin Mining, has taken a 3.8% interest in Radisson Mining Resources (TSXV: RDS; US-OTC: RMRDF) through a non-brokered private placement.The precious metals fund that is focused on investing in early-stage exploration juniors is acquiring 2.5 million common class A shares of...Read More
The Northern Miner presents the top-10, Canada-headquartered mining companies by market capitalization as of late-June, 2020.1. Barrick GoldMarket cap: US$46.56 billionBarrick Gold's Cortez gold mine in Nevada. Credit: Barrick Gold.Barrick Gold (TSX: ABX; NYSE: GOLD) has gold and copper mining operations and projects in 13 countries in North and South America, Africa, Papua New Guinea and Saudi Ar...Read More
The Electrum Strategic Opportunities Fund has increased its interest in Nickel Creek Platinum (TSX: NPC; US-OTC: NCPCF) to 33.88% following the closure of the second tranche of a private placement.The mining-focussed private equity fund based in New York is part of the Electrum Group founded by billionaire Thomas Kaplan.The fund purchased nearly 21 million units at a price of 5 ? per unit, raising...Read More
Drilling at Talisker Resources' (CNSX: TSK; US-OTC: TSKFF) 42-sq.-km Bralorne gold project in British Columbia has returned high-grade gold from new veins as well as from existing structures.Of the three holes for which results were released, two returned high-grade intercepts. Hole 2020-004 was drilled around the past-producing Pioneer mine and returned 0.5 metre of 27.6 grams gold per tonne star...Read More
An updated preliminary economic assessment (PEA) for Lumina Gold's (TSXV: LUM; US-OTC: LMGDF) Cangrejos gold-copper project in southern Ecuador has added nine years to the mine life and improved economics while increasing the initial capex to US$1 billion from US$831 million.The extended mine life for the open pit project, in Ecuador's El Oro province, comes from increased resources at Cangrejos a...Read More
New Gold (TSX: NGD; NYSE-AM: NGD) is selling its Blackwater project in central B.C. to Artemis Gold (TSXV: ARTG) for $190 million in cash.Under the deal, New Gold will be paid $140 million upon closing and $50 million in 12 months. It will also receive a stream on 8% of the gold produced at Blackwater and $20 million in Artemis shares for a 9.9% stake in the company. The gold stream falls to 4% on...Read More