"CROP Announces Senior Secured Convertible Debenture Offering -- $CROP @CROP_CSE #Cannabis #California #CRXPF #CropCorp #MarijuanaStocks #Potstocks #hemp #CBD #smallcap #momentumstocks#CSE #BNN -- Read the News Release here: https://t.co/XILcxr9DqR"Read full newsRead More
Arconic said on Friday it would split into two companies and slashed its quarterly dividend by two-thirds, just weeks after the U.S. aluminum products maker spurned a buyout offer from Apollo Global Management.The company, formed following a split of Aloca Corp in 2016, plans to spin off one of its core divisions later.The board sees more shareholder value creation through a restructuring of the c...Read More
United States Steel Corporation founded Gary, Indiana in 1906 - naming it after co-founder Elbert Henry Gary - and the city's fortunes have been closely tied to the company ever since.When the firm started losing business to cheap Asian imports in the 1970s, waves of layoffs followed as Gary became a haven of blight, crime and lost population.Last year, the city harbored hopes for a revival after...Read More
India's Tata Steel Ltd reported an 83.6 percent surge in third-quarter standalone net profit on Friday, aided by robust domestic production.Standalone profit came in at 24.56 billion rupees ($344.94 million) compared with 13.38 billion rupees in the same period a year earlier, the steelmaker said.According to I/B/E/S data from Refinitiv, analysts on average had expected a profit of 25.40 billion r...Read More
Zimbabwean gold miner RioZim said on Friday it had suspended production at its three mines for the second time in four months because the central bank had failed to pay it in U.S. dollars for part of its gold deliveries.Gold producers in the southern African country sell their output to central bank subsidiary Fidelity Printers and Refiners and are supposed to be paid 55 percent of their earnings...Read More
Former Barrick Gold (Mostly Sunny; ABX) CEO and current Nutrien (Mostly Sunny; NTR) director Aaron Regent made a half million dollar bet on Nutrien stock December 27th. That investment is already up almost 10% in just 6 weeks.Click for largerThe returns were helped Thursday when the agricultural chemicals stock jumped 1.6% after the company reported Q4 results. Although the quarter, which generat...Read More
Ecuador-focused explorer SolGold (LON, TSX:SOLG) said Friday it was "surprised and disappointed" at how quickly Cornerstone Capital Resources (TSX-V:CGP) dismissed a takeover approach, adding that it will bring the offer directly to the target's shareholders.Last month, SolGold put forward what it called a "premium" offer for Cornerstone's 15% share of the Cascabel copper-gold project in exchange...Read More
Ecuador-focused explorer SolGold (LON, TSX:SOLG) said Friday it was "surprised and disappointed" at how quickly Cornerstone Capital Resources (TSX-V:CGP) dismissed a takeover approach, adding that it will bring the offer directly to the target's shareholders.Last month, SolGold put forward what it called a "premium" offer for Cornerstone's 15% share of the Cascabel copper-gold project in exchange...Read More
South Africa's Harmony Gold said on Friday its earnings per share for the first half of the year could be up to 97 percent lower than this time last year.The gold miner said a 915 million rand ($67 million) depreciation charge, lower derivatives gains and unfavourable currency conversion hit earnings, while costs also rose 6 percent.Headline earnings per share - a key profit measure in South Afric...Read More
Iron ore futures surged more than 5 percent to hit the highest level since 2014 on concern that the increasingly severe crisis at top producer Vale SA will curtail global supplies, tightening the seaborne market and offsetting the impact of a slowdown in China, the largest importer.Vale invoked force majeure earlier this week after a judge forced it to suspend some operations at its Brucutu mine i...Read More
Genesis Metals (TSXV: GIS) announced this week a new resource estimate for the Chevrier gold project near Chibougamau, Quebec.In a press release, the miner said the resource estimate is for both the main Zone and east Zone at Chevrier, which are 10 kilometres apart. Geological data indicate that both zones are located within the Fancamp Deformation Corridor, which is a major structural break that...Read More
Genesis Metals (TSXV: GIS) announced this week a new resource estimate for the Chevrier gold project near Chibougamau, Quebec.In a press release, the miner said the resource estimate is for both the main Zone and east Zone at Chevrier, which are 10 kilometres apart. Geological data indicate that both zones are located within the Fancamp Deformation Corridor, which is a major structural break that...Read More
American Manganese (TSX.V: AMY; FRANK: 2AM) announced this week that its partner Kemetco Research had started the processing of a select sample of cathode scrap material through Stages 1 and 2 of a Pilot Plant built to recycle cobalt, nickel, manganese, and aluminum.In a press release, the British Columbia-based company said the commencement of the pilot plant followed a hazard and operability stu...Read More
American Manganese (TSX.V: AMY; FRANK: 2AM) announced this week that its partner Kemetco Research had started the processing of a select sample of cathode scrap material through Stages 1 and 2 of a Pilot Plant built to recycle cobalt, nickel, manganese, and aluminum.In a press release, the British Columbia-based company said the commencement of the pilot plant followed a hazard and operability stu...Read More
Heavy rains in northern Chile, which forced state miner Codelco to halt operations at its Chuquicamata and Ministro Hales copper mines, have also impacted Freeport-McMoRan's El Abra.Codelco, the world's No.1 copper producer, said Friday it had sent its daytime shift of workers home as a preventative measure and would evaluate whether to cancel its night shift as well.Freeport-McMoran (NYSE: FCX),...Read More
"#MiningIndaba2019 is done after a jam-packed few days in Cape Town. You can find our extensive coverage of Friedland, Bristow and rest here: https://t.co/gMzXLMdRso"Read full newsRead More
Zinc has been on the climb this year, defying broader macroeconomic gloom and a ...Read full newsRead More
Zinc has been on the climb this year, defying broader macroeconomic gloom and a ...Read full newsRead More
About 700 people were evacuated on Friday from two different towns in the Brazilian state of Minas Gerais where a dam collapse last month killed at least 157 people, with nearly 200 still missing and feared dead.Brazilian mining giant Vale (NYSE:VALE) evacuated around 500 residents from a rural town near its Gongo Soco mine's dam, by order of the country's mining agency (ANM) after local consulti...Read More
McEwen Mining Inc. (MUX) (MUX.TO) is pleased to report that construction of the Gold Bar Mine in Nevada's prolific Battle Mountain-Cortez Trend is nearing completion, just 14 months after breaking ground in November 2017.The project is tracking on our original capital cost estimate of $81.4 millionRead full newsRead More