Will GE be the proverbial "black swan?" - It had come to my attention that General Electric was locked out of the commercial paper market three weeks ago after Moody's downgraded GE's short term credit rating to a ratings level (P-2) that prevents prime money market funds from investing in commercial paper. Commercial paper (CP) is an important source of short term, low-cost, liquid funding for la...Read More
A selection of uncut and unpolished emerald crystals from the Coscuez Mine, Colombia. Source: Fura Gems Inc.Fura Gems Inc. [FURA-TSXV; FUGMF-OTC; BJ43-FSE] said Monday November 26 that it is proceeding with a $5.25 million private placement that will be used to fund development of the company's emerald and ruby assets in Colombia and Mozambique.Fura is a member of the Forbes & Manhattan Group,...Read More
Share this articleCARACAS, Venezuela - Venezuela will hold onto its U.S.-based Citgo refineries, settling a lawsuit that threw ownership of the struggling country's prized assets into peril.Court papers show that Venezuela on Friday began paying off $1.4 billion that a panel said was owed to the Canadian mining firm Crystallex, following a disputed takeover of the company by the late-President Hug...Read More
On Saturday, I stopped by Royal Farms to grab a cup of coffee.The guy standing in line ahead of me was there to get change after pumping gasoline.I overheard him tell the cashier, "I've got change on pump seven. I can't believe gas is only $2.25. I thought $20 would fill it."Turns out he's not the only one surprised by lower gas prices.Social media was buzzing over the weekend with posts about che...Read More
Share this articleTORONTO - Canada's main stock index was higher in late-morning trading as the energy sector headed up amid rising oil prices, while U.S. stocks also gained ground.The S&P/TSX composite index was up 67.97 points at 15,078.70.In New York, the Dow Jones industrial average was up 343.58 points at 24,629.53. The S&P 500 index was up 33.55 points at 2,666.11, while the Nasdaq composite...Read More
Suddenly, the diamond sector is an exciting place to be.Personally, I feel a renewed sense of optimism about the industry after being a part of the first ever Diamonds Symposium, organized by DiC's publisher The Northern Miner in June.It was gratifying to see a great turnout at the event, proving that there is still a vibrant diamond community in Canada.But it's not just that we had a successful a...Read More
A maiden resource estimate on Eldorado Gold's (TSX: ELD; NYSE: EGO) Bolcana copper-gold project in Romania, about six kilometres from the company's Certej project, has delivered 6.5 million inferred ounces of gold.The inferred resource of 381 million tonnes grading 0.53 gram gold per tonne and 0.18% copper for 6.5 million ounces of contained gold and 686,000 tonnes of copper is based on 98 diamond...Read More
The first annual Diamonds Symposium, organized by The Northern Miner and Diamonds in Canada, spanned the earliest days of Canada's diamond rush in the early 1990s to present trends and predictions for the future.Held in Toronto in June, the event featured keynote speakers Grenville Thomas, Eira Thomas and independent analyst Paul Zimnisky, as well as corporate presentations and more.Here are a few...Read More
Newmont Mining's (NYSE: NEM) Ahafo mine in Ghana started producing gold from an open pit in 2006 and now the underground portion of the mine has launched commercial production on schedule and within budget.Starting next year, Subika underground will add an average of between 150,000 and 200,000 ounces of gold production a year over the first five years of an initial mine life of about ten years.Th...Read More
Building the next mid-tier copper producer. Nevada Copper (TSX:NCU) owns Pumpkin Hollow - the only large-scale, ...Read More
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Work has already begun on upgrading the site security which includes cameras and fencing.Read full newsRead More
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"You really won't find [the floor] until you kind of hit the 3K-flat level."Read full newsRead More
Shallow infill and step-out drilling - 250 metres south of the main deposit at Liberty Gold's (TSX: LGD) flagship Goldstrike project in Utah - suggests that oxide gold-bearing feeder structures follow multiple orientations that cross-cut the main deposit trend, the company says.Exploration results from the Peg Leg area at the past-producing mine also indicate that the zone has starter-pit potentia...Read More
Shallow infill and step-out drilling - 250 metres south of the main deposit at Liberty Gold's (TSX: LGD) flagship Goldstrike project in Utah - suggests that oxide gold-bearing feeder structures follow multiple orientations that cross-cut the main deposit trend, the company says.Exploration results from the Peg Leg area at the past-producing mine also indicate that the zone has starter-pit potentia...Read More
A study by the University of Alberta revealed that cobalt deposits in the Democratic Republic of Congo are 150 million years younger than previously thought.Using a new rhenium-osmium dating system to examine the 'blue gold' deposits in the African country, researchers Nicolas Saintilan and Robert Creaser demonstrated that cobalt and copper mineralization occurred during a period of mountain buil...Read More
A study by the University of Alberta revealed that cobalt deposits in the Democratic Republic of Congo are 150 million years younger than previously thought.Using a new rhenium-osmium dating system to examine the 'blue gold' deposits in the African country, researchers Nicolas Saintilan and Robert Creaser demonstrated that cobalt and copper mineralization occurred during a period of mountain buil...Read More