Automaker Ford has partnered up with IBM, South Korean battery maker LG Chem and China's largest cobalt producer Huayou Cobalt to test the first blockchain project to trace supplies of the metal from Democratic Republic of Congo (DRC).The pilot, overseen by multinational responsible-sourcing group RCS Global, seeks to help manufacturers ensure the cobalt they use is not linked to human rights abus...Read More
Newmont Mining Corp. will buy rival Goldcorp Inc. in a deal valued at $10 billion, creating the world's largest gold miner and cementing a return of M&A to the industry.Read full newsRead More
The new year continues to be a fascinating one in the global mining industry, with the unveiling on Jan. 14 of Newmont Mining's blockbuster US$10-billion deal to acquire Goldcorp, and regain top spot from Barrick Gold among global gold miners.Barrick had entered 2019 on a roll, having completed its own US$5.4-billion acquisition of Randgold Resources in a kind of reverse takeover at the management...Read More
Lundin Mining (TSX:LUN) recently upped its copper production guidance from the three-year guidance it set just 12 months ago. With the stock roughly flat since its announcement, it's possible that the market hasn't fully digested the long-term upside of this update.Let's take a look at Lundin's current business model and ascertain whether there's multi-year profit potential from its upgraded gui...Read More
Hudbay Minerals Inc (TSX:HBM)(NYSE:HBM) has a penchant for destroying shareholder value-or at least not creating it. Since the start of 2004, shares have returned roughly 0%, heavily underperforming the TSX.That's a shame too, as the company has a huge asset base with significant value - as long as it's managed correctly. Previously, the company focused exclusively on high-quality copper mines, a...Read More
High-growth investors may have already cottoned on to the fact that gold stocks are on a tear at the moment, with the rally led by some of the biggest metal and mining tickers on the TSX index. With some indications of good per-asset value (if somewhat wayward P/E ratios) and lots of upside on the way, the following three gold stocks are a great way to invest in the yellow stuff on Canada's bigges...Read More
Uncertainty continues to darken the investment horizon, and while the TSX has rallied after a hard holiday season, defensive stocks are still the order of the day. The following trio of stocks fits the bill nicely while offering a spread of dividends and some diversification as well as upside in three of the most defensive areas available on the TSX index. With banking, utilities, and mining repre...Read More
In the last quarter of 2018, gold stocks significantly outperformed the market. The TSX Gold Index gained 18.4%, while the broader TSX Index was in the red. It has been a while, but investors appear to be once again warming up to gold as a hedge against turbulent markets.One company that stands to benefit from a rising gold price is Pretium Resources (TSX:PVG)(NYSE:PVG). In mid-December, the compa...Read More
It said it would use the funds to complete a feasibility study on its Josemaria project in Argentina, engineering and exploration studies on the company's other projects, repaying the existing balanceRead More
Proposed Kinder Morgan Trans Mountain twinned pipeline expansion project. Source: Kinder Morgan.Canadian Prime Minister Justin Trudeau is facing increasing pressure to move faster and more forcefully to complete a new oil pipeline in Canada.The warning is contained in new public opinion data from the Angus Reid Institute, which has been released as First Nations leaders are meeting this week to di...Read More
Great Bear drilling its Dixie Lake Project near Red Lake, Ontario. Source: Great Bear Resources Ltd.Great Bear Resources Ltd. [GBR-TSXV] on Wednesday January 16 announced more drill results from the Hinge Zone and South Limb Zone at its 100%-owned Dixie Lake Project in the Red Lake area of northwestern Ontario.Highlights included a high-grade intersection (drill hole DHZ-014) that assayed 1,602.73...Read More
B2Gold's Fekola mine in Mali, West Africa. Source: B2Gold Corp.B2Gold Corp. [BTO-TSX; BTG-NYSE] said Wednesday January 16 that its gold production in 2018 jumped 51% to a record 953,504 ounces, powered by the strong performance of two key operations. The company is guiding investors to anticipate further production increases in 2019.Based in Vancouver, B2Gold is a senior gold producer with five op...Read More
13 down, one to go.Say it with me again, over and over until it sinks into the market.That's the unofficial mantra adopted by Texas oil drillers for 2019.Last October, oil companies extracted crude oil from the Texas soil at an incredible rate of 4.7 million barrels per day!If Texas were admitted into the ranks of OPEC, it would rank second only to the Saudis.In the last few months, the Lone Star...Read More
A Colorado School of Mines professor has been awarded funding from NASA to develop the highest-resolution 3D images ever of what lies in the interior of Mars' polar ice caps."Just like on Earth, the ice caps are witnesses of the climate on Mars - it's a bit like observing tree rings," said Paul Sava, professor and Green Chair of Exploration Geophysics with the Center for Wave Phenomena at Mines. "...Read More
Russian billionaire Alexey Mordashov's mining company, Nordgold, has increased its stake in Canadian junior Columbus Gold (TSX: CGT; US-OTC) to 9.96% on a non-diluted basis and 11.18% if it were to exercise all of its warrants.The Moscow-headquartered company acquired 4.61 million units in a private placement at 20 ? per unit on January 14. Each unit consists of one common share and one-half warra...Read More
Iamgold (TSX: IMG; NYSE: IAG) expects to produce fewer gold ounces while incurring higher all in sustaining costs and total cash costs in 2019 compared to 2018, the company said in its year end production results and 2019 guidance.Iamgold produced 882,000 attributable oz. gold in 2018, achieving the higher end of its production guidance. However, the company expects its total cash costs and a...Read More
Alamos Gold (TSX: AGI; NYSE: AGI) produced 505,000 ounces of gold from its four mines in North America last year and expects a "similar rate of production" this year.The company anticipates production of between 480,000 and 520,000 ounces of gold in 2019 at total cash costs of between US$710 and US$750 per oz., down 10% from its revised 2018 guidance of US$810 per oz., and all-in sustaining costs...Read More
Aeris Resources Limited (ASX: AIS) is currently Australia's fifth largest, independent copper producer by volume produced. Its flagship asset, the Tritton Copper Operations in New South Wales, has delivered record production in recent years and is targeting production of 24,500 tonnes of copper in FY2019. The Tritton Copper Operations include multiple mines and a 1.8 million tonne per annum proces...Read More
With gold having finished 2018 and starting 2019 very strong, it is now back in the headlines.The shiny pet rock is worth 7.5% more than it was just two months ago, which is proving a good reminder to mainstream investors that gold is a loyal pet in tough times - especially for those who just watched their stock-based savings take a 15% punch in the gut during the same time.Headlines are also bei...Read More
13 down, one to go.Say it with me again, over and over until it sinks into the market.That's the unofficial mantra adopted by Texas oil drillers for 2019.Last October, oil companies extracted crude oil from the Texas soil at an incredible rate of 4.7 million barrels per day!If Texas were admitted into the ranks of OPEC, it would rank second only to the Saudis.In the last few months, the Lone Star...Read More