"Hundreds OfRead full newsRead More
The London Metal Exchange (LME) nickel market was last week gripped by the most acute tightness in a decade.Time-spreads flexed into backwardation as a long-running downtrend in exchange stocks squeezed short position holders.Falling inventory and tighter spreads are normally strong bull signals in a commodity market.And in nickel's case they seem to tally nicely with the International Nickel Stud...Read More
Norwegian metals maker Norsk Hydro has been given the go ahead by a Brazilian federal court to resume full output from the company's Alunorte alumina refinery, it said on Monday.The plant, a key supplier to the aluminium industry, currently operates at half of its capacity after a spill in February 2018 that prompted regulators and courts to restrict output.A restart of Alunorte will bring a signi...Read More
SolGold is in talks with financiers keen to invest in its Ecuadorian copper-gold prospects and mining major BHP could increase its stake in the company, SolGold's chief executive said on Monday.In a preliminary economic assessment of the Alpala copper-silver-gold deposit in northern Ecuador released earlier, London-listed SolGold said annual copper output should be 207,000 tonnes for the first 25...Read More
"Will 2019 see the continued surge in base #metal interest? Head of Commodity Research at @LGIM , Nick Stansbury will take to the stage at Mining Journal Select this June to discuss the rise in interest for #commodities such as #copper. #MJS #MJSelect"Read full newsRead More
Tanzania's mining minister said on Monday Acacia Mining had been fined 5.6 billion Tanzanian shillings ($2.4 million) for alleged pollution at its North Mara mine.Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania.It was forced to cut output by a third after the government banned the export of mineral concentrates from its two other mines, Bulyanhulu a...Read More
Here's a sign of how all-dominating the trade war has become in metals markets: Copper is slumping toward a three-month low even after Zambia moved closer to nationalizing some of its mines.The lack of a reaction is even more surprising when compared with other market moves. Zambia's Eurobond yields surged to a record high and the currency hit a 3 1/2-year low.Zambian President Edgar Lungu is esca...Read More
By day, Peruvian police and soldiers search for and destroy equipment used by illegal gold miners in a part of the Amazon rainforest where mining has transformed once-dense foliage into a desert pocked with dead trees and toxic pools. As night falls, they play cards and soccer, call family from their remote outpost or have a medic pluck burrowing parasites from their feet.Read full newsRead More
McEwen Mining Inc. (MUX) (MUX.TO) provides an update on the fatal accident involving a contractor's employee that occurred on Monday, May 13, 2019 at the Gold Bar Mine in Nevada.The formal investigation by local authorities is not complete, but preliminary analysis by McEwen Mining suggests thatRead full newsRead More
Vancouver, BC - Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron") is pleased to announce that it will begin to take reservations to toll process hemp or cannabis with the "BIG BEAST", a fully automated, touch screen control continuous flow Ethanol Extractor System. The "BIG BEAST is the latest addition to the BEAST family of extractors, with estimated processing capacity of up...Read More
There are many different methods for investing in gold, as we have outlined previously.Gold streaming and royalty companies are a unique investment. They offer a distinct set of advantages and disadvantages in their exposure to gold.Mining streaming and royalty companies offer a number of benefits to investors that differ significantly from more traditional mining co's.Before we get into the speci...Read More
There are many different methods for investing in gold, as we have outlined previously.Gold streaming and royalty companies are a unique investment. They offer a distinct set of advantages and disadvantages in their exposure to gold.First, it should be noted that there is a difference between streaming and royalty stocks, but their underlying exposure to gold is similar.Before we get into the spec...Read More
The stock market is in an interesting place today.Investors have enjoyed a significant rally in the first part of 2019, and despite all the recent turmoil and potential threats, the TSX Index and the major U.S. exchanges continue to sit near record levels.Two things come to mind. Either the market simply doesn’t believe the U.S. will extend the trade battle with China or go to war with Iran,...Read More
With new metals investors in mind, here are four of the top mining stocks currently trading on the TSX Index, and worthy of a place in a new portfolio.The top choice for copper bullsWith its share price down 5.27% in the last five days, Lundin Mining (TSX:LUN) is cheap as chips at the moment, and my top suggested metal stock to buy for a brand new portfolio. Discounted by more than 50% of its fair...Read More
Tesla has been "done" for awhile but many of the Wall Street and investor "uber" bulls are finally starting to see this reality. Amusingly, Wedbush's Dan Ives issued a report in which he lowered his price target on Tesla stock from $270 to $235. He refers to Tesla's situation as a "code red situation." Quite frankly, a "code red situation" with regard to a company and its stock price shoul...Read More
The backing is at Anson's discretion, and involves Long State paying a placement amount of up to $250,000 in any period of 20 trading days (and up to $1.Read More
It was a beautiful gesture, and one that will not be forgotten anytime soon.Billionaire investor Robert Smith, while delivering his commencement address at Morehouse College, announced that he would cover the college loan debts of all the graduating students.Can you imagine that?Can you imagine the huge collective sigh of relief that came over the crowd after Smith made that announcement?I'm happy...Read More
Let's call it like it is: The majority of the resistance against alternative energy comes from the political right.But let's not be too quick to pass judgment. Fact is, it's totally understandable why conservatives would be hesitant regarding alternative energy.The left would have you believe the conservative thinking is, "If it's new, it's bad." But that's not necessarily the case. From what I ga...Read More
BETANZOS, BOLIVIA - Vancouver-based junior New Pacific Metals (TSXV: NUAG; US-OTC: NUPMF) could be on the verge of a major silver discovery in south-central Bolivia, after clinching a pioneering deal with Bolivian authorities.For 500 years, since the discovery of the giant Cerro Rico silver deposit at Potosi, Bolivia has tantalized visitors with its mineral wealth. But the country's unstable polit...Read More
The S&P/TSX Composite Index rose 0.64%, or 104.20 points, to 16,401.80. The S&P/TSX Global Mining Index increased 0.11 points, or 0.15%, to 71.55, while the S&P/TSX Global Base Metals Index fell 2.75 points, or 2.48%, to 107.96, and the S&P/TSX Global Gold Index climbed 3.96 points, or 2.23%, to 181.21. Spot gold fell US$8.70 per oz., or 0.68%, to finish the trading week at US$1,277.10 per ounce.S...Read More