Gold miners must focus on maximising returns and more mergers to attract investors seeking to diversify after years of under-investing in mines, Barrick Gold's chief executive said on Wednesday."The industry is in decline and we have put ourselves in a very a tight spot because we haven't invested in exploration and our future," said Mark Bristow, who took the helm in January at Barrick after its...Read More
British Steel, the country's second largest steel producer, has collapsed and put 25,000 jobs at risk after failing to secure emergency government funding, Britain's Official Receiver said on Wednesday.The High Court ordered the compulsory liquidation of the company, although staff will remain employed for now as the liquidator oversees the operation of the main site in Scunthorpe, northern Englan...Read More
While iron ore prices have surged to a five-year high above $100 a tonne, not all producers of the steel-making ingredient are sharing in the bounty.It's no surprise that Brazil's Vale is struggling. After all, it is largely the reason for iron ore's stellar run, with the spot price of 62% ore delivered to China, as assessed by Argus Media, ending at $100.65 a tonne on Tuesday, up 38.1% this year....Read More
Ontario's government is working for the people by supporting tourism infrastructure projects in the Algoma region and Manitoulin Island.Greg Rickford, Minister of Energy, Northern Development and Mines, announced an investment of over $1.3 million. Projects include: $1 million for the Township of Billings to complete infrastructure improvements to the Kagawong waterfront.$282,080 for the City of...Read More
In this week's Insights newsletter, we quickly review whether our insider signals are suggesting boom or bust ahead. Our insider of the week is the CEO of an industrial company that inspired us to launch the INK No-Go stock list.Click here to read this week's edition and registration is not required.Read More
China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the country faces increased tariffs in a bitter trade war with Washington.The two countries are locked in tit-for-tat tariff increases on each other's imports, after talks broke down to resolve their dispute.Acrimony has intens...Read More
Aurubis, Europe's biggest copper smelter, said on Wednesday it had agreed to buy Belgian-Spanish recycling company Metallo Group for 380 million euros ($424 million) as part of an acquisition-led shift into other metals."Due to megatrends such as smart homes, e-mobility, digitalisation and renewable energies, both the quantity and the complexity of secondary raw materials will increase significant...Read More
Chinese miner MMG Ltd's operations at its Las Bambas mine, one of Peru's largest copper producers, have not been disrupted and talks with an indigenous Peruvian community are ongoing, the miner said on Wednesday.The Fuerabamba community had imposed a new road blockade on the mine after talks with the company over compensation broke down, Americo Contreras, a representative of the public ombudsman...Read More
Tesla has updated its online configurator to reduce the price of the Model S and Model X by $3,000 and $2,000, respectivelyRead full newsRead More
The collateral for African Export-Import Bank's $500 million loan to Zimbabwe is a mine that hasn't been dug yet, people familiar with the matter said.The loan, which will be paid over four years when production starts, is backed by a mine that Great Dyke Investments, a venture between Russian investors and the Zimbabwean military, plans to build at a cost of $4 billion, the people said. The mine,...Read More
Glencore Plc will supply cobalt feedstock to restart First Cobalt Corp's re...Read full newsRead More
". @Elemental_Royal Managing Director Frederick Bell will be joining the panel discussion 'From Alternative to Mainstream: How Royalties has changed the face of #MiningFinance' at #MJSelect#MJS"Read full newsRead More
"A seasoned fund manager and investor with over 15 years experience directing open-ended funds and private equity investments in natural resources, #SectorInvestmentManagers CEO Angelos Damaskos will be sharing his expertise this June at the #MJSelect conference! #MJS"Read full newsRead More
Rise Gold (CSE: RISE) reported this week that the exploration drill program the company is carrying out at its Idaho-Maryland project intercepted high-grade gold mineralization in multiple vein structures downdip from historic workings.The past-producing high-grade Idaho-Maryland gold mine is located near Grass Valley in northeastern California.Historical records state that the mine produced a tot...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM), will begin in June the most extensive drilling program to date at Greatland Gold's (LON:GGP) Havieron gold-copper project in the Paterson region of Western Australia.The exploration activities, part of a joint venture the two companies signed in March, aim to define the extent of mineralization along strike and at depths to 1,000m be...Read More
Delrey Metals (CSE: DLRY) announced this week that it entered into a definitive property option agreement with respect to the right and option to acquire an 80% interest in and to certain mineral licences which comprise the Four Corners project in Newfoundland and Labrador.Delrey's deal, which was initially made public back in March, is with Triple Nine Resources.In a press release, the miner said...Read More
Using a metal detector, the man who has not been identified, found a piece of gold worth $68,760. It was about 18 inches below ground.Read full newsRead More
Barrick Gold's subsidiary Acacia Mining (LON:ACA) condemned its parent company on Wednesday for keeping it out of discussions with the government of Tanzania about a long-running row over outstanding tax claims.Acacia's comments come on the heels of the Canadian gold giant's bid to take full control of the company, which is Tanzania's No. 1 gold miner.Toronto-based Barrick has proposed to buy the...Read More
A number of TSX Index giants have pulled back in recent weeks, and investors who missed out on the big rally to start 2019 are wondering if this might be a good opportunity to make a few contrarian bets for their portfolios.Let’s take a look at Nutrien (TSX:NTR)(NYSE:NTR) and Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) to see if they deserve to be on your buy list today.Nutrien Nutrien was forme...Read More
Paying attention can pay big bucks. If you’re invested in gold stocks, you’ll want to know what industry leaders are doing and why.Earlier this month, the executives of $28 billion miner Barrick Gold (TSX:ABX)(NYSE:GOLD) held a public conference call to discuss the company’s first-quarter results.While the conversation mostly covered Barrick-specific news, there were plenty of c...Read More