OceanaGold (TSX: OGC; ASX: OGC) reported annual revenue in 2018 of US$773 million and net profit before unrealized gains or losses on undesignated hedges of US$124 million.Earnings before interest, tax, depreciation and amortization (EBIDTA) came in at US$364 million.The company generated about US$121 million in free cash flow and US$346 million in operating cash flow.At the end of the year, Ocea...Read More
Scott Williamson, Managing Director of Blackstone Minerals (ASX:BSX), outlines the Company's world class Little Gem Cobalt Gold property in British Columbia, Canada, and provides an overview of Blackstone's Australian Gold properties. Blackstone has a proven management team that is ready and equipped to move this very high-grade project forward. It operates in safe, mining-friendly jurisdictions....Read More
Last week's top-gaining mining stocks on the TSX were Storm, Paramount Resources, International Petroleum, Advantage Oil and Gas and NuVista.Read full newsRead More
By: Clive MaundGold has been turned back so many times in recent years from the strong resistance approaching the $1400 level, that most investors have now been well trained, like Pavlov's dog, to expect it like clockwork, and as we know, it is just when this mindset prevails that gold is likely to surprise the majority by actually breaking out above this level.Looking at our latest 10-year char...Read More
The trend over the next four weeks in gold and silver could be the trend for the rest of the year. In Asia, local currency price moves will be a far bigger factor (than gold in US dollar) over other themes. Winner will be the ones who are correctly able to determine to trend of the local currency trend. It is not easy to determine the long term trend of Indian rupee as we have an election. India...Read More
"@timothysykes Tim keep donating to charity don't see Marin Katusa doing this - Marin Katusa is down 25.5% on his top three stock picks from VRIC 2018 - https://t.co/WAPvIeaF8U"Read full newsRead More
"@timothysykes Tim keep donating to charity don't see Marin Katusa doing this - Marin Katusa is down 25.5% on his top three stock picks from VRIC 2018 - https://t.co/WAPvIeaF8U"Read full newsRead More
"5 Top stocks last week on the TSXV were nothing but gold, gold, gold (again), with all five gainers exploring or developing gold projects. https://t.co/JueVDPPIo3 #TSXV #stocks"Read full newsRead More
Nemaska Lithium (TSE: NMX) announced on Monday it has terminated a multi-year supply agreement with Livent Corporation that would cost the Quebec company up to $20m to settle.The deal with Livent, spun out of US lithium major FMC Corp last year, saw Nemaska provide up to 8,000 tonnes per year (28,000 tonnes in total during the term of the contract) of lithium carbonate starting in April this year....Read More
Nemaska Lithium (TSE: NMX) announced on Monday it has terminated a multi-year supply agreement with Livent Corporation that would cost the Quebec company up to $20m to settle.The deal with Livent, spun out of US lithium major FMC Corp last year, saw Nemaska provide up to 8,000 tonnes per year (28,000 tonnes in total during the term of the contract) of lithium carbonate starting in April this year....Read More
The results of the survey by the London Bullion Market Association of analysts' predictions for the gold price in 2019 is another example of just how unpredictable financial markets have become.The LBMA, a standards setting body for the industry, says the average forecast by the 30 analysts polled calls for a modest 1.8% gain in the price this year. However, two-thirds of the analysts see gold rea...Read More
On Sunday Salvini said he was "sleeping peacefully" ahead of the Five Star vote. "If they vote yes, they vote yes, if they vote no, they vote no."Read full newsRead More
The Commerce Department finished the report into whether automotive imports are a threat to the US national security. Although the conclusion of the report has not been released yet, it is likely that Trump now has 90 days to decide on imposing tariffsRead full newsRead More
Cryptocurrencies are surging while the US equity markets take the day off...Read full newsRead More
By Laura Millan Lombrana(Bloomberg) - Just weeks after the police unit was formed, they caught their first glimpse of the copper thieves - the silhouettes of a group of men on a hill overlooking the rail lines - triggering a car chase at the dead of night across Chile's Atacama desert.While the pursuit ended in failure, with the gang disappearing into the dark at full speed, at least the police ha...Read More
Feb 18 (Reuters) - African miner Petra Diamonds named a new chief executive on Monday as it works to cut debt and generate free cash flow after first-half core earnings were hit by lower diamond prices.The news helped lift its shares more than 8 percent by 1010 GMT. The broader mining market was little changed.Analysts said appointing Richard Duffy, who has held finance posts in his 27 years in th...Read More
(Bloomberg) - Liberian President George Weah declared Monday a day of national mourning after more than 40 people were killed in a mudslide at an alleged illegal mine in the north of the country.The national disaster management agency has been searching for survivors since the incident in Nimba County last weekend, but the region is inaccessible and getting the necessary equipment there is posing...Read More
Brazil is prohibiting a specific type of tailings dam after two of those structures owned by miner Vale SA burst in recent years, causing death and environmental devastation.All so-called upstream dams need to be decommissioned or removed by August 2021, according to a resolution the National Mining Agency, or ANM, published on Monday in the nation's official gazette. Dam owners have until Aug. 15...Read More
* Industry one of biggest consumers of power* Deeper power cuts risk production, jobs* Some eyeing own power generation* But say face red tapeBy Tanisha Heiberg and Zandi ShabalalaJOHANNESBURG/LONDON, Feb 18 (Reuters) - South African utility Eskom imposed the worst power cuts in several years on homes and businesses last week, conjuring up memories of the 2008 crisis when the grid nearly collapsed...Read More