South Africa's Public Investment Corp. faces a tough choice: back Sibanye Gold Ltd.'s takeover of Lonmin Plc, and take a hit on its investment, or scupper the deal and risk having to pony up more cash for the platinum miner.When Lonmin shareholder votes are tallied next Tuesday at a meeting in London, the PIC's 30% stake would be enough to block the acquisition. While the takeover was originally t...Read More
Canadian precious metals producer McEwen Mining (TSX, NYSE:MUX) said Thursday it had begun commercial production at its Gold Bar project in Nevada, US, which is expected to generate 50,000 bullion ounces this year.The Toronto-based miner also said Jack Henris will be in charge of operations. Henris has years of experience in mine management, having worked at Newmont for 12 years and at Barrick f...Read More
Canadian precious metals producer McEwen Mining (TSX, NYSE:MUX) said Thursday it had begun commercial production at its Gold Bar project in Nevada, US, which is expected to generate 50,000 bullion ounces this year.The Toronto-based miner also said Jack Henris will be in charge of operations. Henris has years of experience in mine management, having worked at Newmont for 12 years and at Barrick f...Read More
State-controlled China Communications Construction Co (CCCC) and iron ore miner Vale SA have agreed to set up a steel mill in Brazil's northern state of Par?? with a $450 million investment, the state's government said on Thursday.Vale confirmed in a separate statement that it had signed a protocol of intentions to support the financial structure of the flat-rolled steel laminating venture by issu...Read More
"Constantine Finalizes Lease Agreement on Johnson Tract Property, Alaska and Provides Details for Spinout of Gold Assets into HighGold Mining https://t.co/iDq1NOS1hn"Read full newsRead More
Chile's Chemical and Mining Society (SQM), the world's second largest producer of lithium, expects demand for the key component in the batteries that power electric vehicles and cell phones to grow at "double-digit rates" this year.Reporting quarterly earnings, the Chilean miner said that despite prices being affected by new supply entering the market, the commodity will remain strong due to risin...Read More
Transition Metals (TSXV: XTM) has staked two new properties, collectively covering 15,144 hectares in northern Saskatchewan's Wollaston Basin Copper Belt.In a press release, the miner said that the Fannon and Tosi properties are located approximately 100 kilometres south of Key Lake and about 30 and 85 kilometres, respectively, southwest along trend with the company's Janice Lake property that is...Read More
Dunnedin Ventures (TSXV: DVI) announced that it has closed the acquisition of 100% of the Mohave copper-molybdenum-silver porphyry project in Mohave County, Arizona, from Bluestone Resources.Mohave is a 10-square-kilometre property located in the mineral producing Basin and Range Province of Arizona and 33 kilometres west of Freeport McMoran's Bagdad copper porphyry mine.According to Dunnedin, lim...Read More
Precious metal miners led the declines on Canada's main stock index on Tues...Read full newsRead More
"Constantine Finalizes Lease Agreement on Johnson Tract Property, Alaska and Provides Details for Spinout of Gold Assets into HighGold Mining https://t.co/Th24qNNY8X"Read full newsRead More
Zambia's Chamber of Mines on Thursday delivered further signs of a major global undersupply of copper about to hit the market by announcing that the country's output of the metal could be as much as 100,000 tonnes lower than last year.The industry lobby group attributed the expected drop in production to changes to mining taxes introduced in January, which is driving companies to cut output."The n...Read More
Young, new investors, you have time on your side.This is a very important factor to consider when choosing the right stocks for your RRSP, as the patience that this affords you is needed when considering investing in an undervalued stock in a cyclical industry.Here I would like to present to you a base metals stock that has underperformed, but that is now really trading at depressed valuations, Hu...Read More
While most of the attention is on mega-miners like Barrick Gold and Newmont Goldcorp, there are dozens of other options to choose from, some with especially promising futures.Plus, by investing in gold stocks, you diversify your portfolio into non-correlated assets. That means if the market drops, your gold stocks could rise.If you’re looking to diversify your portfolio and want to find the...Read More
The famous investor Peter Lynch once said, "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise." This is certainly a theory that seems to hold water, and with this maxim in mind, let us turn our attention to a few higher quality stocks on the TSX index that have recently seen a fair amount of insider buying.Rogers Communicatio...Read More
Major primary silver producer Pan American Silver's (TSX: PAAS) stake in the junior has increased from about 12% to 16.85% on a non-diluted basis.Read More
$1.5 trillion.Collectively, this is what more than 44 million student loan borrowers owe.But don't worry, because there's a plan to eliminate this debt.The plan is simple and is picking up a lot of support on social media.In fact, Senator Elizabeth Warren is making it a keystone of her campaign platform.The solution for all those folks with student debt?Just don't pay it.Yeah, that's pretty much t...Read More
The Thursday, May 23 issue of The Guardian, a large British news organization, includes a story on contamination by poly- and perfluoroalkyl substances (PFAS) on and around some US military bases. Titled "A Trail of Toxicity," the piece features Mines professor Chris Higgins, who was recently awarded an EPA grant to continue his research on the subject. From The Guardian:Chris Higgins, a professo...Read More
The increased polarity and hardening of political stances in the U.S. - combined with the flip last election to Democratic Party control of the U.S. House of Representatives, and its committees - is bearing fruit that's potentially poisonous to miners in the form of highly restrictive legislation proposed by Rep. Ra??l Grijalva's (D-Ariz.), who chairs the House Natural Resources Committee, and co-...Read More
Hanna spoke to Mining Journal about what's next for the project, Botswana as a mining jurisdiction and his plus-35 years in the mining industry.Read More
Marijuana stocks have come a long way...In the blink of an eye, they have gone from the shady kid selling drugs in the school parking lot to the principal of the high school.The S&P 500 added 13.1% during the first quarter of the year, which is very good and almost twice the historical average return of 7%.The biggest pot ETF, ETFMG Alternative Harvest ETF (NASDAQ: MJ), on the other hand, returned...Read More