A Brazilian court has ordered mining giant Vale (NYSE:VALE) to halt operations at its Brucutu iron ore mine, the largest in Minas Gerais state, following last month's tailings dam disaster at Brumadinho, which left at least 134 dead.The veredict, quoted by O Globo, one of the most respected Brazilian publications, includes an injunction that bans Vale from storing tailings in the Laranjeiras dam...Read More
Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's top bullion producer by volume has entered into a 50-50 strategic alliance with fellow junior miner Reunion Gold (TSX-V:RGD), to jointly explore for and develop projects on South America's North Atlantic coast.The deal allows Barrick to tighten its grip on four of the Guyana-based projects Reunion already owns - Waiamu, Aremu, Arawini and O...Read More
Vedanta, the London-listed natural resources company controlled by one of India's richest men, said Monday its foreign subsidiary Cairn India Holdings' $200 million investment in Anglo American (LON:AAL) met all governance requirements.The company, India's largest miner and No. 1 iron ore exporter, said the deal was made on an arms-length basis in December 2018, adding it provided "significantly h...Read More
Stocks Analysis by Chris Kimble covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Chris Kimble's latest article on Investing.comRead full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index began with some heaviness, slipping to the low 1070s where it held above its middle Bollinger band. From there, the INK CIN bounded straight up and through 1100 resistance and came to rest at 1120.75 for a gain of 23.3 points or 1.9%, The Index ha...Read More
Silver recently started outperforming gold again, a watershed event. For long years this white metal has mostly lagged the yellow one, relentlessly battering silver sentiment. But gold surging into year-end 2018 finally sparked some life into moribund silver. This is a bullish sign, as silver has soared in the past once rising prices reach critical mass in attracting new investment capital....Read More
Zinc rose more than 2% to around a six-month high of US$2,777 a tonne while copper closed slightly lower. Strong jobs data out of the US on Friday helped ease market jitters, although China's Caixin purchasing managers' index fell slightly in January.Key global market indices had closed higher on Friday and the S&P/ASX200 was following suit in midday trade today.New graphite producer Syrah Res...Read More
While US and Canadian cannabis stocks continue to crush it, a lesser-known cannabis market that could ultimately end up being the largest in the world, isn't getting much attention.According to Prohibition Partners, Europe's cannabis market is estimated to be worth as much as $140 billion by 2028, likely becoming the world's largest legal market over the next five years.Here are some highlights fr...Read More
The Young Mining Professionals (YMP) - a non-profit group with chapters in Vancouver, Toronto, Montreal, Sudbury, Perth, Brisbane, Johannesburg and London - has given its Mining Professional of the Year awards for 2018 to Andr?(C)e St-Germain, chief financial officer of Integra Resources (TSXV: ITR; US-OTC: IRRZF) and Jose Vizquerra, executive vice-president of strategic development and a director...Read More
The outlook for silver remains poor with weak fundamentals, including declining industrial consumption and an emerging supply glut weighing on its price. While silver has gained 2% since the start of 2019 to trade at US$15.74 an ounce, many producing primary silver miners have lagged, with some, including First Majestic Silver, losing over 4%. Regardless of larger silver miners with operational as...Read More
Gold rallied sharply in recent weeks to be up by 3% since the start of 2019 and to trade over the psychologically important US$1,300-an-ounce mark. There are signs that gold is heading higher in coming months because of rising economic and geopolitical uncertainty. Many analysts believe that the yellow metal has entered a new bull market and will reach US$1,350 per ounce before the end of the year...Read More
After a fatal attack on its employees in late September 2018 Colombian gold miner Continental Gold Inc.'s (TSX:CNL) market value collapsed. This saw its stock fall from 2018 highs of over $4 per share to a two-year low of $1.76 per share. Since then, Continental Gold's price languished below $2 a share until Tuesday of last week, when its value surged to well over $2 and gaining 26% in less than a...Read More
The last year was a tough one for silver miners and investors. While gold ended the year on a positive note, rallying strongly to eventually climb to over US$1,300 an ounce by late January 2019, silver remains caught in a deep slump, where it continues to trade at under US$16 per ounce. This has weighed heavily on the performance of many primary silver miners to see the Global X Silver Miners ETF...Read More
Reunion's Aremu prospect in Guyana showing artisanal mining. Source: Reunion Gold Corp.Reunion Gold Corp. [RGD-TSXV] said Monday has agreed to embark on a strategic alliance with Barrick Gold Corp. [ABX-TSX, NYSE] to explore, develop and mine mineral properties in the Guiana Shield of South America.Under the agreement, the two companies will form a 50:50 alliance that will cover certain mineral pr...Read More
The Max Resource 30-person exploration camp and bulk testing facilities in Colombia. Source: Max Resource Corp.[MXR-TSXV; MAXROF-OTC; M1D1-FSE] rallied strongly in active trading Monday February 4 after the company said it has signed a sponsorship deal with Star Finance GmbH, a privately-owned communications services provider based in Steinhausen, Switzerland and Cologne, Germany.Max shares jumped...Read More
The World Gold Council (WGC) recently agreed that global investors will "continue to favor gold as an effective diversifier and hedge against systemic risk." The rise in protectionist policies around the world is chief among the risks since they tend to lead to higher inflation and slower economic growth over the long term.I agree and believe that gold will put in higher lows this year that provid...Read More
Why are Armenians fighting over the controversial Amulsar gold mining project and how does it affect the country's new government?Read full newsRead More
Stocks Analysis by Chris Kimble covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Chris Kimble's latest article on Investing.comRead full newsRead More
"Mondias Natural Products Inc - Anew agriculture/natural health product company expanding across Canada!Read more here:https://t.co/nMda2cgJJm$NHP #NHP #momentumstocks #hotstocks #smallcap #element79capital #mondias #mondiasnaturalhealth"Read full newsRead More
Feb. 1st, 2019(S14-E681)Featured GuestsBill Murphy &Arch CrawfordPlease Listen HereShow HighlightsFormer NFL player Bill Murphy of GATA.org returns as fans prepare for NFL Super Bowl LIII with Tom Brady and Bill B. seeking yet another championship.The show kicks off with the current theme of mergers in the gold-mining industry suggesting further industry acquisitions in small gold-miners.Su...Read More