Germany-based fertilizer producer K+S AG (FRA:SDF1) has revised down its full-year earnings guidance after a severe drought hit production at its main mine network in the third quarter.The miner now expects earnings before interest, taxes, depreciation and amortization (EBITDA) to come at between 570 and 630 million euros, compared to the 660 to 740 million euros previously forecast."The extr...Read More
Mr. Nolan Watson reportsSANDSTORM GOLD ROYALTIES BOARD APPROVES SHARE BUYBACK OF UP TO 18.3 MILLION SHARESSandstorm Gold Ltd.'s board of directors has approved the purchase of up to 18.3 million of its common shares, between now and the end of 2019, subject to Toronto Stock Exchange approval. The 18.3 million shares represent approximately 10 per cent of Sandstorm's current shares outstanding and...Read More
Vancouver-based Silver Range Resources (TSX-V:SNG) announced today that it has optioned its Gold Chief property in Nevada to CrocanCapital Corp.Crocan is interested in acquiring a 100% interest in the project. To do so, the firm would have to provide aggregate cash payments of $160,000 and aggregate issuances of 650,000 Crocan shares by November 2, 2021.Under the terms of the agreement, Silver Ran...Read More
Mr. Ralph Shearing reportsTELSON RETAINS GLENCORE TECHNOLOGY FOR ALBION PROCESS TESTINGTelson Mining Corp. has retained Glencore Technology to conduct Albion Process leach testing of newly processed flotation tailings and historic tailings to increase recoveries of gold and silver, plus zinc flotation testing focused on Jameson Cell technologyto increase zinc recoveries and zinc concentrate grade...Read More
Vancouver-based Zinc One Resources (TSXV: Z) announced today that following a drill program at unreported holes in the Mina Grande Centro zone of the Bongar?? Zinc Mine in north-central Peru, the northern and western perimeters of mineralization previously mined were delineated.In a statement, Zinc One said 24.1% zinc was intercepted over a length of 28 metres.Mina Grande Centro is part of one of...Read More
Botswana Diamonds (LON:BOD) has bought Russian diamond miner Alrosa's 50% stake in their Sunland Minerals joint venture (JV) and the company said it is close to bringing a new partner into the project.In a statement, the company described the unnamed new investor as "a large diamond producer with new ideas and keen to find new kimberlites in Botswana," adding that the potential new partner will ac...Read More
"Find out how #disruption could change the #mininginvestment landscape in part 1 of our #miningdisrupted series: https://t.co/UwTZQtEkOM #FutureOfMining https://t.co/mDPlfbhKp8"Read full newsRead More
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) got a boost Thursday after the company announced the board of directors had approved a $1.3 billion expansion of its Los Pelambres copper mine in Chile.The awaited upgrade of Los Pelambres will add 60,000 tonnes of copper a year to the company's overall production once in full operation. Annual production is expected to increase from 40,000 tonn...Read More
Gold and silver have weakened sharply in recent weeks to be down by 8% and 17% for the year to date, respectively. This sees the yellow metal trading at close to US$1,200 per ounce, while silver is hovering at around US$14 an ounce. This has had a sharp impact on the fortunes of precious metals miners, causing the Van Eck Gold Miners ETF to shed 19%, while the Global X Silver Miner's ETF has lost...Read More
The stock market is certainly a crazy place to operate these days. Around the world, stocks can't seem to get any traction, with each successive move upwards being followed by the market slamming stocks back to Earth with a harsh move back down. It is certainly not a place for the faint of heart. The question that is on everyone's mind is whether this is the end of the bull market for stocks or if...Read More
I perused Tesla's Q3 10-Q and scrutinized the footnotes to figure out, to the extent possible, where Tesla manipulated GAAP accounting standards and outright "cooked" its numbers. Before I had a chance to analyze the 10-Q, others had already posted their findings on Twitter or in Seeking Alpha articles. In the analysis below, I've double-checked and confirmed the findings presented by others. In a...Read More
Drilling at Nexus Gold's Rakounga exploration permit in Burkina Faso. West Africa. Source: Nexus Gold Corp.Nexus Gold Corp. [NXS-TSXV; NXXGF-OTC] said Thursday November 15 that it has struck a deal with company director Warren Robb to acquire the a gold-copper exploration property in the Bridge River Mining Camp, approximately 180 km north of Vancouver, British Columbia.Robb is also the company's...Read More
The processing plant for Endeavour Mining's Hound?(C) Mine in Burkina Faso, West Africa. Source: Endeavour Mining Corp.Endeavour Mining Corp. [EDV-TSX; EDVMF-OTCQX] on Thursday November 15 announced a significant maiden resource estimate for the previously announced Kari Pump discovery at its flagship Hound?(C) Mine in Burkina Faso, West Africa.Kari Pump's one million ounce maiden indicated resour...Read More
I'm not going to lie...While I'm not a gambler, and I've never had much use for Las Vegas, Sin City does have one thing I absolutely love...A 24-hour drive-thru cannabis dispensary.It's called NuWu Cannabis Marketplace. And it was a sight for sore eyes after I landed at McCarran International at 10:30 p.m., having been up for nearly 20 hours.My Uber driver took me there first before driving me to...Read More
A Colorado School of Mines graduate student will get to pitch his space startup at a major international conference for satellite and aerospace professionals this spring - his team's prize for winning the Techstars Startup Weekend in Boulder last month. James Kiousis, a master's student in the Engineering and Technology Management program, was the leader of Gold Orbit, the top-scoring team in the...Read More
Two miles below Earth's surface, scientists found animal life in a South African gold mine. They wonder: If life can exist there, could it exist on Mars?Read full newsRead More
CloseGain/LossGold $1211.90+$10.20Silver$14.15+$0.16XAU63.53+2.74%HUI143.45+3.61%GDM522.86+1.78%JSE Gold1080.74-2.00USD96.92-0.27Euro113.20+0.31Yen88.15+0.29Oil$56.25+$0.5610-Year3.122%-0.018T-Bond138.96875+0.375Dow25080.50-0.81%Nasdaq7136.39-0.90%S&P2701.58-0.76% The Metals: Gold traded mostly higher in Asia before it dropped back to $1197.80 in London, but it then shot back up in New Yor...Read More
Crude oil can rise anytime. Momentum can reverse on value-based buying. I am satisfied with the gold price performance yesterday. It did not nosedive. If gold and silver do not fall today, then there will be short covering and a rise. Any reconciliation between China-USA on the trade war issue will be bullish for copper and industrial metals. Right now everything is mere speculation. Next week...Read More
"#Cannabis may have gone legal recreationally, but the real prize could be medical advances in #cancertreatment #medicalmarijuana #breastcancerRead full newsRead More
Two miles below Earth's surface, scientists found animal life in a South African gold mine. They wonder: If life can exist there, could it exist on Mars?Read full newsRead More