British bank Barclays and hedge fund Red Kite Group have settled a legal dispute in which the fund accused the bank of manipulating the copper market and causing it to lose money."Legal proceedings between the Red Kite group as Claimants and Barclays Bank PLC as Defendant have been concluded on mutually acceptable terms," Barclays said in a statement on Thursday, without giving details of the sett...Read More
Swedish engineering group Sandvik reported a better than forecast quarterly order intake on Thursday and said demand remained strong across all its business areas, sending an upbeat signal for the Nordic industrial sector.Sandvik's metal-cutting tools are seen as a good indicator of industrial demand as they are shipped with short lead times to a wide range of customers in the engineering, automot...Read More
"The prestigious Mining Journal awards will once again gather the mining and #investment community on a glittering evening of entertainment with the opportunity to recognise outstanding companies and individuals across 14 categories #MJS #MJSelect #MJAwards https://t.co/1kmWvT1kit"Read full newsRead More
Newmont Mining's $10 billion acquisition of Canada's Goldcorp closed Thursday, giving rise to Newmont Goldcorp Corporation (NYSE: NEM)(TSX: NGT), the world's largest gold producer by market value, output and reserves.The mammoth company, to be led by Gary Goldberg until the end of the year, will mine in the Americas, Australia and Ghana, producing between 6 and 7 million ounces of gold annually o...Read More
South Africa's Petra Diamonds (LON:PDL) has found yet another big rock at its iconic Cullinan mine, the third coloured diamond over 100-carats since March that has been unearthed at the operation.It is the third Type II D-colour gem-quality diamond weighing more than 100 carats recovered at Cullinan since MarchThe 209.9 carat, D colour, Type II gem-quality diamond is also the fourth such stone d...Read More
Niron Metals, an investment vehicle co-founded and headed by the former Xstrata boss Mick Davis, has signed an MOU with Liberia which will allow Niron to use a rail and port to export iron ore from Guinea's Zogota deposit, previously owned by BSG Resources (BSGR).Gaining access to the shipping route, the same one Guinea vetoed for years for the much larger Simandou project, could help Davis bring...Read More
Vancouver, British Columbia, April 18, 2019 - FinCanna Capital Corp. ("FinCanna") (CSE: CALI), (OTCQB: FNNZF), a royalty company for the U.S. licensed cannabis industry is pleased to provide an update of its portfolio company QVI, Inc. which stands for Quality, Value, Integrity, doing business as "The Galley", a cannabis infused product manufacturer located in Sonoma County, California.QVI's imme...Read More
We all know that legal cannabis markets are booming and pot is increasingly being accepted into our society. There seem to be countless advertisements courting subscribers to this or that service for marijuana penny stocks that have, allegedly, doubled or tripled in price. But you need to be careful and treat any advertisements touting great investment performance with a grain of salt. I shouldn&r...Read More
"...in the big lie there is always a certain force of credibility; because the broad masses of a nation are always more easily corrupted in the deeper strata of their emotional nature than consciously or voluntarily; and thus in the primitive simplicity of their minds they more readily fall victims to the big lie than the small lie, since they themselves often tell small lies in little matters but...Read More
Australia-based copper miner Sandfire Resources (ASX: SFR) was one of the market risers on the benchmark S&P/ASX200 in afternoon trade.It was up more than 3% as it strengthened its full-year copper and gold guidance and said its feasibility study for the Black Butte copper project in the US was progressing well.Headed in the opposite direction, Galaxy Resources (ASX: GXY) was hammered ahead of...Read More
Gold production from the operation rose 26.7% year-on-year to 22,374 ounces at an all-in sustaining cost (AISC) of US$701 per ounce, down from $776/oz a year ago.Read More
A Brixton geologist examines a rock sample at the Atlin Project in northwest British Columbia. Source: Brixton Metals Corp.Brixton Metals Corp. [BBB-TSXV; BXTMF-OTC] said Thursday April 18 that it has started exploration work at its wholly-owned Atlin goldfields project near the town of Atlin in northwestern British Columbia, and within the traditional territory of the Taku River Tlingit First Nat...Read More
B2Gold's Fekola mine in Mali, West Africa. Source: B2Gold Corp.B2Gold Corp. [BTO-TSX; BTG-NYSE] is off to a good start in 2019 after posting better than expected production in the first quarter. First quarter gold production of 230,859 was 6% above budget and driven by strong results from the company's Fekola mine in Mali, West Africa.Consolidated gold revenue in the first quarter was $302 million...Read More
Nevada Copper's Pumpkin Hollow Project near Yerington, Nevada. Source: Nevada Copper Corp.Nevada Copper Corp. [NCU-TSX] has announced the results of a pre-feasibility study for an open pit mine at its 100%-owned, fully permitted Pumpkin Hollow Project 100 miles southeast of Reno, near Yerington, Nevada.Pumpkin Hollow is a high-grade skarn/iron oxide copper gold (IOCG) deposit located within a porp...Read More
Do you know what one-seventh of a metric ton of carbon dioxide looks like? Check out the Mines Earth Day Fair on Monday, April 22 to find out. The Mines Sustainability Committee, Mines Activities Council and EarthWorks are hosting the free sustainability celebration from 3 p.m. to 6 p.m. in Kafadar Commons and the CoorsTek atrium. Student clubs and faculty will be showcasing projects and susta...Read More
April 18, 2019 - Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the "Company" or "Brixton") is pleased to announce it has commenced exploration work at its wholly owned Atlin Goldfields Project near the town of Atlin in Northwest British Columbia and within the traditional territory of the Taku River Tlingit First Nations. Since 2016, Brixton has consolidated approximately 1,000 square kil...Read More
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) forecasts record production this year, with the start of two gold mines at Meliadine and Amaruq in Canada's Arctic.With the output from the new mines, the company forecasts total gold production of 1.75 million ounces in 2019. That number could rise to 2 million oz. in 2020 and 2.05 million oz. in 2021, the company says.Agnico's growing production platform...Read More
In April 2019, Great Bear Resources (TSXV: GBR; US-OTC: GTBDF) doubled the 30,000-metre drill program at its Dixie gold project in Ontario's Red Lake district.At the time the company had drilled 12,000 of the first 30,000 metres. It expects to finish the original program by July 2019, and spend the rest of the year drilling the other 30,000 metres.Great Bear has two drill rigs on-site, but will ad...Read More
Canarc Resources (TSX: CCM; US-OTC: CRCUF) has wrapped up a preliminary economic assessment (PEA) of its New Polaris gold project in northwestern British Columbia that models production of 80,000 oz. gold per year over an 8.7 year mine life.The study assigns New Polaris a US$216 million after-tax net present value at a 5% discount rate, and a 38% after-tax internal rate of return. It would cost US...Read More
The Caisse de d?(C)p??t et placement du Qu?(C)bec (CDPQ) has acquired an additional 1 million shares in Osisko Metals (TSXV: OM; US-OTC: OMZNF), which is developing two zinc mining camps in Canada.The Quebec pension fund has been a strategic partner and shareholder in the junior since 2014, and purchased the additional shares this week from Osisko Metal's executive chairman, Robert Wares, who now...Read More