Zimbabwe will in coming weeks name two new investors who will develop separate platinum mining projects west of the capital as the country ramps up mining output in an attempt to ease a severe dollar shortage, the mines minister said on Wednesday.The southern African nation has the second largest platinum deposits after South Africa and hopes to transform its economy by boosting investment in the...Read More
Sandvik has acquired privately-owned Newtrax, a supplier of leading technology in wireless connectivity to monitor and provide insights on underground operations, including people, machines and the environment."By including Newtrax into the Sandvik family we further strengthen our leading position in areas related to automation and digitalization," says Henrik Ager, President of Sandvik Mining and...Read More
Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") announces operational and financial results for Q4 and full year 2018, and the filing of its financial statements and associated management's discussion and analysis on www.sedar.com. The Company will host a conference call on Thursday, April 18, 2019 at 10:00 A.M. Central to discuss its Q4 and full year 2018 re...Read More
Arch Coal Inc. has a novel approach to beating the market: by not getting any more valuable. The miner's stock has risen by almost 50 percent since October 2016, when it emerged from bankruptcy. Its market value, however, is roughly where it began.The variable is the share count. Arch authorized a buyback program in April 2017 and by the end of 2018 had repurchased almost 30 percent of its stock.I...Read More
Morocco's leading mining firm Managem said it is considering raising 200 million dollars through sales of non-convertible bonds with a maturity of up to 7 years to fund its development plans.The terms of the issuance will have to be approved by its general assembly on May 6, Managem said in a statement.Last month, the group reported a 16 percent drop in 2018 revenue to 4.35 billion dirhams ($454.5...Read More
A five-month long strike affecting Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) gold operations in South Africa came to an end on Wednesday, after the company reached an agreement with the Association of Mineworkers and Construction Union (AMCU).Sibanye, South Africa's largest gold producer, has run up losses of about 1.6 billion rand ($114 million) and about 110,000 ounces of missed gold output bec...Read More
"Thor Explorations has got itself US$78M to build the Segilola #gold mine in Nigeria in a complicated financing deal | https://t.co/OpRYcArOil #TSX"Read full newsRead More
UK-based International Tin Association (ITA) and US-based Responsible Business Alliance has announced the signing of a memorandum of understanding aimed at promoting the responsible production and sourcing of tin."Both industry groups pioneered approaches to tackling minerals sourcing challenges from higher risk areas and intend that these experiences are used in setting a common direction for fut...Read More
Mabiza Resources and its major investor, London-based Consolidated Nickel Mines (CNM) announced that operations have been resumed at the Munali nickel mine in southern Zambia.The restart is taking place following a $50-million refurbishment that included the re-engineering of all key technical aspects of the project, from reinterpreting the orebody and changing the mining method, to revising the m...Read More
Highland Gold Mining Limited (LON:HGM) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of HGM, it is a depend...Read full newsRead More
Lumina Copper has halted operations at its Caserones mine, in Chile's northern Atacama region, following the death of one of its contractors.The company, majority-owned by Japan's top smelter, JX Nippon Mining & Metals, in conjunction with fellow miners Mitsui Mining and Mitsui Co., said the fatal accident happened on Tuesday afternoon outside the truck shop.Lumina noted the cause of the accident...Read More
Botswana's state-run Okavango Diamond Company unveiled on Wednesday what is believed to be the largest blue diamond ever discovered in the southern African country, which is one of the world's top producers.The 20.46-carat, oval-shape fancy precious rock has been named "The Okavango Blue" in honour of the Okavango Delta, the country's wildlife-rich world heritage site.From all coloured diamonds, b...Read More
Highland Gold Mining Limited (LON:HGM) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of HGM, it is a depend...Read full newsRead More
Lundin Mining's (TSX: LUN; NASDAQ: LUMI) proposed acquisition of Yamana Gold's (TSX: YRI; NYSE: AUY) Chapada copper-gold mine in Brazil for US$800 million in cash will boost its copper production over 25% per year, and add 100,000 oz. gold to annual production.The open-pit operation in Goias state could produce 54,500 tonnes copper (120.2 million lb.) and 100,000 oz. gold this year, at co-product...Read More
Global stock and bond markets continue to be driven by the macros of a possible trade deal, accommodative central banks, weaker earnings, continued stock buybacks, and rising government debt.Gold is driven by these same macros, but it has the additional price driver of seasonal Chindian physical market demand.It's currently the soft season for physical demand, but the rest of the price drive...Read More
Marijuana and tech stocks maybe the hottest new investments that have created multiple millionaires in recent years, but it is junior gold miners that offer similar if not more potential with less risk for investors seeking outsized returns. The heady days of the 70s and 80s when massive mining booms were minting millionaires virtually overnight may have come to an end, but there are many gold pro...Read More
Looking for a reliable income producing investment that bolsters the defensiveness of your portfolio and helps to hedge against risk as well as growing economic uncertainty? Look no further than precious metals streamers.The latest sharp pullback in gold and silver has created an opportunity for investors to boost their exposure to precious metals and protect their portfolios against a looming e...Read More
From electric vehicles to insecurity about recession to a novel spin on Brexit investment, there's a lot to be said for getting into precious metals. Let's break down the stats for several of the best gold stocks before heading over to two tech-centric plays for a capital gains investor.Brexit investors should be going for gold With a temporary reprieve from Brexit, the British economy is still c...Read More
The current stock market is the most dangerous stock market I have seen in my 34+ year career as a financial markets professional. This includes 1987, 1999-2000 and 2007-2008. The run-up in stocks has been largely a product of momentum-chasing hedge fund algos on behalf of the large universe of sophisticated hedge funds which are desperate for performance. In the context of the obviously deteriora...Read More
FOR SEVERAL YEARS WE HAVE STATED THAT THE PRICE OF GOLD IS BEING MANIPULATED BY THE BANKERS, CENTRAL BANKERS AND BROKERAGE HOUSES. WHY DO THEY DO IT? BECAUSE IF GOLD MOVES MUCH ABOVE THE $1300 RANGE IT IS AN INDICATION THAT INFLATION IS MORE THAN THE 1% TO 2% IT IS REPORTED TO BE, INTEREST RATES WILL RISE AND IT WILL CAUSE THE STOCK MARKET TO DECLINE. SO THE MANIPULATION W...Read More