South Africa's Petra Diamonds (LON:PDL) has found a 100.83 carat gem-quality diamond at its iconic Cullinan mine in South Africa.The D-colour, Type II diamond follows the recent recovery of a 6.12 carat Type II blue stone, also at Cullinan.The company has piled up debt after building a new plant and digging deeper at its flagship Cullinan diamond mine."The recoveries demonstrate the prevalence of...Read More
The Indonesian government issued one-year export recommendations for copper concentrate to miners PT Freeport Indonesia and PT Amman Mineral Nusa Tenggara, officials from the Ministry of Energy and Mineral Resources said on Friday.Freeport was given an allowance of 198,282 wet tonnes of copper concentrate, while Amman was given 336,100 wet tonnes, said Yunus Saifulhak, director of minerals at the...Read More
Brazil's new right-wing government, led by former army captain Jair Bolsonaro, is going ahead with announced changes to current mining regulations, which include a controversial plan to open up indigenous reserves to mining.Most of the country's original population lives in the Amazon rainforest, which has an ecosystem seen by many as having worldwide ecological importance. Speaking at an event in...Read More
Etruscus Resources (CSE: ETR) and the Tahltan Central Government (TCG) signed this week a Communications Agreement regarding the Rock & Roll property, which is located in British Columbia's Golden Triangle and within Tahltan territory.The 5,309-hectare property, which has been explored since the late 1800s, is 100% owned by Etruscus. A 2018 NI 43-101 compliant inferred resource estimates the resou...Read More
Etruscus Resources (CSE: ETR) and the Tahltan Central Government (TCG) signed this week a Communications Agreement regarding the Rock & Roll property, which is located in British Columbia's Golden Triangle and within Tahltan territory.The 5,309-hectare property, which has been explored since the late 1800s, is 100% owned by Etruscus. A 2018 NI 43-101 compliant inferred resource estimates the resou...Read More
TORONTO - Today, Minister of Energy, Northern Development and Mines Greg Rickford released the following statement on Hydro One:"I am pleased to report that our government has delivered on its commitment to put the People of Ontario first and bring Hydro One's executive compensation levels down to acceptable levels. "The Hydro One Board of Directors has provided us with a compensation framework th...Read More
It was a busy week for Canada's Great Panther (TSX: GPR). The Vancouver-based miner not only completed the buyout of Beadell Resources but it also changed its name to Great Panther Mining Limited.To be able to go ahead with these transactions, Great Panther acquired 100% of the issued and outstanding shares of Beadell through the issuance of 103,593,043 Great Panther shares to Beadell shareholders...Read More
China's Tianqi Lithium, the world's No.3 producer of the metal used in electric vehicle batteries, will appoint three members to the board of Chile's Chemical and Mining Society (SQM), as it recently acquired almost a quarter of the company.The Chengdu-based producer said the chosen executives will be "fair" and "responsible toward shareholders", adding their names will be announced in April.Tian...Read More
On March 4, 2019, Newmont Mining Corp. (NYSE: NEM), one of the largest gold mining companies, rejected the unsolicited, hostile takeover bid from Barrick Gold (NYSE: GOLD), and in turn proposed a joint-venture with Barrick for its Nevada operations. In February 2019, Barrick Gold had offered to ...Read full newsRead More
Tanzania has given Barrick Gold-subsidiary Acacia Mining (LON:ACA) until March 30 to stop waste water pollution at its North Mara mine or face a shutdown, but the country's No.1 gold producer said Friday a brief spill affecting the operation has already been halted.The miner says the spill happened because sections of a pipeline used to carry water to a tailings storage facility were either vanda...Read More
As Lion One moves forward with getting its low-cost, fully permitted Fiji gold mine into production, Dr. Quinton Hennigh joins the team as an advisor.Read full newsRead More
"$MA - Mastercard, Inc. (MA) Management Presents at Evercore ISI Payments & FinTech Innovators Forum Conference (Transcript) https://t.co/k4I7qNpqfh"Read full newsRead More
"North Bud Farms Clarifies Terms of Binding Letter of Intent to Enter U.S. Market with Strategic Acquisition of Multi-State Licensed Operator Eureka Vapor --@Northbudco #NBUD $NBUD $NOBDF #CSE #momentumstocks #MarijuanaStocks --Read the News Release here: https://t.co/j7IlMejsTd"Read full newsRead More
Part 2 In gold exploration, high-grade discoveries excite the market. This is because retail investors expect a high-grade deposit, if it ever becomes a mine, to be more profitable. But a closer look at high margin projects shows that high grade isn't always king. In the first part of this series, we drilled down, pun ...Read full newsRead More
Part 2 In gold exploration, high-grade discoveries excite the market. This is because retail investors expect a high-grade deposit, if it ever becomes a mine, to be more profitable. But a closer look at high margin projects shows that high grade isn't always king. In the first part of this series, we drilled down, pun ...Read full newsRead More
"Crystal Lake Maiden Drilling at Burgundy Ridge Confirms Copper-Rich New Discovery -- #CrystalLake $CLM #CrystalLakeMining #momentumstocks #smallcap #PeterLightfoot #Nickel #Cobalt #Mining #Exploration --Read the News Release here: https://t.co/a20FI16BTn"Read full newsRead More
First Vanadium (TSXV: FVAN; US-OTC: FVANF) has calculated a new and improved resource estimate for its 4.6 sq. km Carlin vanadium project, 10 km south of Elko, Nevada. The project lies in the Carlin gold trend, a 20-minute drive from the town of Carlin.The new resource estimate replaces and upgrades one from 2010.The project now contains 24.16 million indicated tonnes grading 0.615% V2O5 for 303 m...Read More
The Toronto conference of the Prosecutors and Developers Association of Canada (PDAC) gave investors and analysts a chance to discuss the M&A surge among major gold companies and its potential effect on the smaller gold stocks this week. Even though the initial $18bn hostile bid by Barrick for rival Newmont - which aims to create the world’s largest gold mining group - is not ne...Read More
The recent rally showed quite a bit of promise.Gold stocks surged past their long-term moving averages while breadth indicators surpassed all prior bear market peaks (excluding 2016). 71% of the HUI and 81% of GDXJ closed above the 200-day moving average.GDX and GDXJ looked to be on their way to $25 and $37, with Gold approaching $1360/oz and those breadth figures on the way to hitting 90%.However...Read More
Silver has drifted lower since the start of 2019, losing almost 3% as it followed gold lower, while the uncertainty gripping financial markets which propped up precious metals in late 2018 and into 2019 has subsided. Despite this weakness, many silver miners — as evidenced by the Global X Silver Miners ETF gaining 3% for the year to date — haven't fallen sharply in value. This can be a...Read More