Shares in explorer SolGold (LON, TSX:SOLG) closed 2.3% higher in London and were trading up 8.3% in Toronto early morning after it announced it had discovered a new copper and gold mineralization at its Porvenir project, located in southern Ecuador.A broad zone of northeast-trending porphyry mineralization about 1km-wide and hosting numerous porphyry centres currently defined over 6km-long and...Read More
Shares in explorer SolGold (LON, TSX:SOLG) closed 2.3% higher in London and were trading up 8.3% in Toronto early morning after it announced it had discovered a new copper and gold mineralization at its Porvenir project, located in southern Ecuador.A broad zone of northeast-trending porphyry mineralization about 1km-wide and hosting numerous porphyry centres currently defined over 6km-long and...Read More
Newly public Finland gold explorer Firefox Gold (TSXV: FFOX) recently identified five new gold targets on its Jeesio gold project in Northern Finland's central Lapland greenstone belt after compiling samples in its geochemical database.The 2,751-sample Jeesio database contains 838 new till samples from the company's recently completed bottom of till sampling program, 768 historical Geological Su...Read More
South Korean plaintiffs in a World War Two forced labour court case against Japan's Nippon Steel & Sumitomo Metal Corp have applied to seize some of Nippon Steel's Korean assets, their lawyers said on Wednesday.The application for the asset seizure, if approved by the court, could further strain South Korea's already frosty bilateral relations with Japan over the issue.Japan denounced a South Kore...Read More
Cobalt 27 Capital has entered an agreement to acquire ASX-listed Highlands Pacific. The acquisition, valued at $96 million, will increase Cobalt 27's exposure to nickel through the Ramu nickel-cobalt mine in Papua New Guinea. Highlands Pacific owns an 8.56% interest in the mine, which is majority owned by Metallurgical Corp. of China Ltd.Cobalt 27 has agreed to pay A10.5 ? in cash per share for...Read More
Cobalt 27 Capital has entered an agreement to acquire ASX-listed Highlands Pacific. The acquisition, valued at $96 million, will increase Cobalt 27's exposure to nickel through the Ramu nickel-cobalt mine in Papua New Guinea. Highlands Pacific owns an 8.56% interest in the mine, which is majority owned by Metallurgical Corp. of China Ltd.Cobalt 27 has agreed to pay A10.5 ? in cash per share for...Read More
It's the first day of a new era for Barrick Gold, the world's largest bullion miner, as it officially began trading Wednesday as a merged entity with Randgold Resources.From now on, Barrick's symbol on the New York Stock Exchange will be GOLD, the ticker formerly held by Randgold on NASDAQ. In Toronto, the company is keeping its ABX symbol.The $18.3 billion-deal, which gained final approval in D...Read More
It's the first day of a new era for Barrick Gold, the world's largest bullion miner, as it officially began trading Wednesday as a merged entity with Randgold Resources.From now on, Barrick's symbol on the New York Stock Exchange will be GOLD, the ticker formerly held by Randgold on NASDAQ. In Toronto, the company is keeping its ABX symbol.The $18.3 billion-deal, which gained final approval in D...Read More
Metso has agreed to acquire HighService Service, the service business of the Chilean mining technology and maintenance provider HighService Corp.HighService Service is a high-quality service provider for the mining industry, with operations in Chile, Argentina and Brazil. Its sales in the fiscal year 2017 were 60 million euros and it has 1,300 employees.The acquisition is pending regulatory app...Read More
Metso has agreed to acquire HighService Service, the service business of the Chilean mining technology and maintenance provider HighService Corp.HighService Service is a high-quality service provider for the mining industry, with operations in Chile, Argentina and Brazil. Its sales in the fiscal year 2017 were 60 million euros and it has 1,300 employees.The acquisition is pending regulatory app...Read More
China's No.1 gold producer Zijin Mining plans to issue 8 billion yuan (about $1.2 billion) worth of shares in Shanghai to finance the acquisition of Canada's Nevsun Resources (TSX, NYSEMKT:NSU), the biggest overseas purchase since the Beijing-backed miner went public in Hong Kong in 2003.Zijin aims to sell up to 3.4 billion A shares to investors in China, in a plan which is subject to shareholder...Read More
Big mining companies outperformed the broader market in 2018Read full newsRead More
Solar Ship CEO Jay Godsall pitches the benefits of using airships to access remote areas to a live audience at The Northern Miner's Progressive Mine Forum held at the MaRS Discovery District in Toronto in October 2018.Visit www.solarship.com for more information.Solar Ship CEO Jay Godsall speaking at The Northern Miner's Progressive Mine Forum at the MaRS Discovery District in Toronto in October 2...Read More
Investors seeking exposure to gold typically focus on senior gold miners like Barrick because of the stability and maturity of their operations. While this provides a lower-risk means of bolstering exposure to gold, junior gold miners offer the opportunity to gain access to outsized returns. This is because they are typically viewed by the market as risky ventures that could fail should gold fall...Read More
A bidding war appears to have erupted over junior gold miner SolGold (TSX:SOLG), which is conducting exploration work in the Andean nation of Ecuador. The miner's stock has soared by 28% over the last year, and there are indications that it could climb higher.Emerging as a potential takeover targetSolGold has been attracting considerable interest from a range of major miners. Australian senior gol...Read More
I wish I would have followed by own advice and loaded up on Teck Resources (TSX:TECK.B)(NYSE:TECK) shares back when they were languishing under $10 each.Like many natural resource companies, Teck was feeling the pinch of declining commodity prices in 2015-16. Metallurgical coal prices had collapsed, and metal prices weren't doing much better. Teck's balance sheet was also in tatters, and it had bi...Read More
A quiet bull market in mining stocks is underway. The GDX ETF closed trading on New Year's Eve up 2.37%. Through Monday, the GDX has risen 20% since hitting a 52-week low close of $17.57 on September 11, 2018. In popular parlance, GDX is now in a "bull market."We expect that a significant bull move will occur and a significant amount of capital will pull out of "risk assets" and move into physical...Read More
Glencore saw the heaviest fall of the group with a fall of 4.98% to £2.77 (US$3).The miner and trader had managed to avoid the global markets rout after Christmas that saw major indices mark the worst annual decline in a decade, only to be hit on the first trading day of 2019.Rio Tinto was better than the rest, but still fell 3.17% to £36.BHP and Rio also fell in Australia.The big Cana...Read More
Newrange names Archer as CEONewrange Gold Corp. [NRG-TSXV] said Wednesday January 2 that it has named Robert Archer as its new Chief Executive Officer. The company said Archer has more than 35 years of experience in the mining industry, working throughout North America and Peru.After spending more than 15 years with major mining companies, he held several management positions in the junior mining...Read More
The Ramu nickel-cobalt mine in Papua New Guinea. Source: Highlands Pacific Ltd.Cobalt 27 Capital Corp. [KBLT-TSXV, 270-FSE], owner of the world's largest stockpile of cobalt, on Wednesday January 2 announced the friendly acquisition of Australian Securities Exchange-listed Highlands Pacific Ltd. [HIG-ASX] in a $96 million transaction. Highlands' primary assets include an 8.56% stake in the produci...Read More