JOHANNESBURG - The World bank forecast higher South African economic growth this year compared with the previous year, but warned of risks such as global trade tensions and poor balance sheets of state-owned companies.The World Bank sees South Africa's gross domestic product growing by 1.3 percent this year, an improvement from a forecast of 0.9 percent for 2018.Economic growth would be supported...Read More
Tanzania intends to cancel permits for mineral sites belonging to large-scale miners that remain undeveloped and will allocate the licences to smallholders, President John Magufuli said.The announcement comes amid a tax dispute between the state and Acacia Mining Plc, in which the government is demanding $190 billion in penalties, after claiming the company had under-declared export revenue since...Read More
Analyst departure sees Canadian bank drop coverage of 18 mining companiesRead full newsRead More
There's a better potential haven than gold for investors spooked by the risk of a recession this year - mid-sized producers who've outperformed both bullion and the rest of the mining industry.Companies including Canada's Kirkland Lake Gold Ltd. and Australia's Northern Star Resources Ltd. have scope to extend gains and should be in focus for investors looking for a safe harbor, according to Joe F...Read More
South Africa's Gold Fields (JSE:GFI) (NYSE:GFI) on Tuesday denied a report by Bloomberg speculating that the company wants to combine with rival AngloGold Ashanti."This article is factually incorrect and we completely disassociate ourselves with this statement," Gold Fields said in a statement.Earlier, Bloomberg published an article outlining a $8 billion tie-up quoting "a person familiar with the...Read More
MELBOURNE - Australian cobalt developer Jervois Mining said on Tuesday it has agreed to buy a Canadian cobalt explorer with operations in Uganda, as the hunt for quality mines in the battery materials sector gains pace.Jervois, which is backed by ex-Glencore executives, is offering one of its shares for every share in M2 Cobalt, valuing the Canadian company at C$16.6 million ($12.5 million), a 4.5...Read More
Full-year production at Barrick Gold's Loulo-Gounkoto mining complex in Mali, which the Canadian miner obtained as part of its merger with Randgold, fell shy of expected targets, mainly as a consequence of a week-long strike at the operation, the company said.The Mali-based operation, one of the pillars of the country's economy since Loulo went into production in 2005, produced 1.29 million gold o...Read More
Shares of Pan American Silver (TSX, NASDAQ:PAAS), the miner that recently acquired precious metal miner Tahoe Resources, (TSX:THO) (NYSE:TAHO) creating one of the world's largest silver producers, fell in pre-market trading after it reported full year production was marginally below guidance.The Canadian miner said it had churned out 24.8 million ounces of silver last year, just shy of the 25-2...Read More
Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) is getting close to opening its first mine in Canada - the Lamaque project in Val d'Or, Quebec, which it grabbed after acquiring Integra Gold in 2017 and is expected to come online during the first quarter of the year.Delivering full year and last quarter of 2018 results, the Vancouver-based company said pre-commercial production from the operation had...Read More
In the mid-January short report released by IIROC Monday, it caught our eye how little attention the shorts give to Rai Sahi's TWC Enterprises (Sunny; TWC). A minuscule 0.016% of the gold course operator's share float is shorted. Meanwhile, insider commitment is strong with insiders holding over 70% of the shares outstanding. The bulk of those insider shares are held by Mr. Sahi, who is also the...Read More
Stocks Analysis by Nicholas Santiago covering: Newmont Mining Corporation, Goldcorp Inc. Read Nicholas Santiago's latest article on Investing.comRead full newsRead More
And not just Australian companies but small-to-mid-tier miners domiciled elsewhere on the lookout for growth options.Read More
Serial mine builder and financier Stephen Roman cut his teeth working for Denison Mines (TSX: DML; NYSE-AM: DNN), the uranium company built by his father.After starting there as a miner at the age of 19, he spent the next 25 years at the uranium producer before striking out on his own in 1990-1991.Roman went on to develop several gold projects - the most recent being Harte Gold's (TSX: HRT; US-OTC...Read More
The second half of 2018 was a difficult period for silver investors and miners. After recovering from a long-term bear market in late 2016, the white metal plunged to under US$14 during November 2018 and has barely recovered to now be trading at just over US$15 an ounce. While the outlook for silver remains stagnant, meaning that major primary silver miners are incapable of unlocking significant v...Read More
The Newmont/Goldcorp merger is the second mega-deal in the industry after Barrick acquired RandGold in September. Without question, the two deals reflect the growing need for large gold and silver mining companies to replace reserves, which are being depleted at these two companies more quickly than they are being replenished. The deal will give Newmont access to Goldcorp's portfolio of developing...Read More
Drilling operations on Allegiant Gold's Eastside gold property near Tonopah, Nevada. Source: Allegiant Gold Ltd.Allegiant Gold Ltd. [AUAU-TSXV; AUXXF-OTCQX] said Tuesday January 22 that it has optioned out three U.S. projects in a move to cut costs and allow the company to focus on six projects that are slated for near-term drilling."With our focus in the foreseeable future clearly dedicated to ou...Read More
Diamond drilling on Tasca's Poplar Project near Houston, British Colombia. Photo courtesy Tasca Resources Ltd.Tasca Resources Ltd. [TAC-TSXV; ECMXF-OTC; 3TA-FSE] emerged as the volume leader on the TSX Venture Exchange Tuesday January 22 after the company reported results from diamond drilling at its Poplar copper project located southwest of Houston, British Columbia.Investors responded by sendin...Read More
The new manager of the Edgar Experimental Mine knows the unique educational and research facility perched above Idaho Springs well.A Mines alumnus, Lee Fronapfel '96 spent a lot of time up at Edgar, both as part of his coursework en route to a bachelor's degree in mining engineering and as a student employee of the mine. "That experience helped in my own career. It gave me an idea of what's out t...Read More
New Jersey Mining (CNSX: NJMC; US-OTC: NJMC) has intersected gold mineralization at its Paymaster Shoot in Idaho's Coeur D'Alene district, grading as high as 70.3 grams gold over 0.35 metres. The company drilled both holes to extend gold mineralization down dip from exploratory holes it drilled at Paymaster in 2012.Paymaster is the next mineralized zone south of the Skookum Shoot, part of the com...Read More
Roxgold (TSX: ROXG; US-OTC: ROGFF) expects its Yaramoko mine in Burkina Faso will produce between 145,000 and 155,000 ounces this year at cash costs of US$440-$470 per oz. and all-in sustaining costs of US$765-795 per oz.The company expects to have a strong year with the addition of Yaramoko's second high-grade underground mine, Bagassi South, which is expected to reach commercial production in th...Read More