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Following inquiries from INK Research and information that we have provided in relation to the creation of our No-Go list which we announced last week, Canadian securities regulators have told us in an email (which we just came across this weekend) that they are reviewing the granting of insider filing exemptions for Automatic Securities Disposition Plans (ASDPs).For those who have not been follo...Read More
At least nine illegal gold miners have died in Zimbabwe after they detonated explosives underground and were trapped at a mine owned by unlisted London-headquartered Metallon Corporation north of the capital Harare, the company said on Monday.Metallon put its Mazowe Mine on care and maintenance last September, citing viability problems. One of Zimbabwe's biggest gold producers, it still operates t...Read More
The board of Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA has approved roughly 1.38 billion reais ($344 million) in new capital expenditures, it said on Monday.Usiminas, as the firm is commonly known, said in a filing it had approved 1.234 billion reais ($308 million) to be spent through 2022 to renovate its Alto Forno 3 unit. It also approved 143.9 million reais ($36 million) for t...Read More
Saudi Arabian Mining Co. is weighing a plan to raise as much as $5 billion through a rights offering that could be the biggest since mid-2018, according to people with knowledge of the matter. The shares slumped.At $5 billion, the offering would be the largest since Bayer AG raised $7 billion last JuneThe company, also known as Maaden, is working with HSBC Holdings Plc's Saudi Arabia unit on the p...Read More
Barrick Gold Corp's proposal to take full control of its Acacia Mining Plc ...Read full newsRead More
Pan Global Resources (TSXV: PGZ) was able to negotiate access to the Torrubia copper target in the Aguilas project, located near the city of Cordoba in southern Spain.In a media statement, the Vancouver-based company said that being able to enter Torrubia provides access to approximately 1.9 kilometres of strike with the widest and strongest soil copper geochemistry in the north part of the Torrub...Read More
Vancouver-based Barrian Mining (TSX-V: BARI) announced that it recently completed induced-polarization and resistivity geophysical survey at its flagship Bolo gold property, located 90 kilometres northeast of Tonopah, central Nevada.In a media statement, Barrian said that the survey identified multiple high-priority anomalies that warrant follow-up reverse circulation drill testing. These new anom...Read More
Barrick Gold's (TSX:ABX)(NYSE:GOLD) chief executive, Mark Bristow, said the company's bid for its 64%-owned Acacia Mining (LON:ACA) is an "appropriate" and "elegant" solution to the long-running row over outstanding tax claims that has hit the African miner's bottom-line.The $285-million offer, considered by some analysts and Acacia's minority shareholders as a low, would see the world's second...Read More
It's nice to see the Sixty North Gold Mining Ltd. (CNSX:SXTY) share price up 20% in a week. But that's small comfort...Read full newsRead More
Kamloops, British Columbia--(Newsfile Corp. - May 23, 2019) - Advance Gold Corp. (AAX) (Read full newsRead More
Australia's Danakali's (ASX, LON:DNK) said Monday it was about to close debt financing agreements worth $200 million with two African financial institutions, which will allow it fund construction and growth of its flagship Colluli potash project in Eritrea.The deals with African Export-Import Bank (Afreximbank) and Africa Finance Corporation (AFC) could be finalized "any day" and are expected to...Read More
The mid-tier gold miners' stocks in the sweet spot for price-appreciation potential have been struggling in recent months, grinding lower with gold. Their strong early-year momentum has been sapped by recent stock-market euphoria. But gold-mining stocks are more important than ever for prudently diversifying portfolios. The mid-tiers' recently-reported Q1'19 results reveal their fundamentals remai...Read More
Gold miner Kirkland Lake Gold (TSX:KL)(NYSE:KL) has been a on tear, reporting robust results since I first wrote about the miner in May 2017 and gaining a whopping 338% over that period, making it one of the best-performing gold stocks.Strong first-quarter resultsThe latest results from the miner indicate there are further gains ahead for patient investors, despite gold softening in recent weeks....Read More
Wheaton Precious Metals (TSX:WPM)(NYSE:WPM) is an interesting pick for investors seeking a precious metals investment with plenty of growth prospects but little of the risk associated with traditional miners. Here’s what makes Wheaton unique among miners and why this is the precious metals company that should be in your portfolio.Wheaton’s advantage in volatile precious metalsOne of th...Read More
On May 17, investors breathed a collective sigh of relief, as U.S. and Canadian officials announced a tentative agreement on steel tariffs. The deal, in which the U.S. agreed to lift $1.27 billion worth of tariffs on Canadian goods, was hailed as a victory by the Trudeau government, whose officials referred to it as a “win win for everyone involved.” Many Canadian steel workers remain...Read More
The housing market continues show contracting sales volume. April existing home sales fell 0.4% (SAAR - Seasonally Adjusted Annualized Rate) from March and 4.4% from last April. Existing home sales have dropped year-over-year 14 months in a row. This is the worst run since the housing crisis.Obviously from a seasonal standpoint, if the market were healthy, home sales should be increasing month-to-...Read More
The U.S. Department of Energy has begun working with major American companies in an effort to make offshore wind power a lot cheaper.The DOE recently allocated up to $8 million to four projects that aim to "develop more efficient, smaller, and lighter-weight generators."The department says new designs could make the next generation of offshore wind turbines 50% smaller and lighter. And that could...Read More
The following is an edited summary from the World Gold Council, based on its "Gold Demand Trends Full Year and Q4 2018" report. To access the report, visit www.gold.org.Global gold demand grew to 1,053 tonnes in the first quarter of 2019, up 7% on the same period last year, according to the World Gold Council's latest Gold Demand Trends report. This year-on-year increase largely owed to growth in...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the idea of the 1100 level providing support after holding firm on the last 4 re-tests quickly went out the window. As oil plunged 6.8%, the Index slipped on an oil slick of its own and its skid accelerated as the week progressed. In all, the INK CIN wiped out to the tune of 2...Read More