Ecuador, the world's shining light for copper prospects, aims to more than double the value of mining to its economy by 2021 and is seeking more joint venture partners for its state-owned mining company, a senior government official said on Thursday.Ecuador is being hailed as the biggest potential new source of supply of the metal used in renewable energy. Copper is number 1 on every miner's must-...Read More
JOHANNESBURG- Sibanye-Stillwater's third-quarter core profit fell 40 percent after a wave of fatal accidents hit its domestic gold mining operations this year, the South African miner said on Thursday, sending shares tumbling.South Africa has the world's deepest gold mines and an earth tremor at one of Sibanye-Stillwater's mines killed seven miners in one incident alone in May. In all, 24 of its w...Read More
Enforcer Gold Corp. (TSXV:VEIN) is pleased to provide its shareholders with further details on the McKenzie Gold project located in the Red Lake Gold Camp of northwestern Ontario.Read full newsRead More
The last time Shell pumped out that much money was the year crude soared to $140 a barrel, compared with about $75 today.It increased the pace of a $25 billion buyback program, rewarding shareholders who stuck with it through crude's collapse.The cash surge is a feather in the cap of Chief ExecutiveRead full newsRead More
""You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ." - Warren Buffet #oracleofomaha #wisewords #qoute #investlikethebest"Read full newsRead More
"Goldplay Reports High-Grade Silver-Lead-Zinc-Gold Mineralization from Sampling of a Re-opened Historical Tunnel at San Marcial; Including 13 Meters @ 1,048 gpt AgEq @goldplay_gply https://t.co/xwQ3OUmT9L"Read full newsRead More
Penny stocks are often dangerous for individual investors. Generally described as stocks with a price under $5, the group usually consists of quite a few fallen angels and growth stocks that haven’t reached, and potentially won’t reach, their potential.But there are diamonds in the rough. During the financial crisis, several stocks hit penny stock status. Pier 1 Imports (NYSE:PIR) went...Read More
Summaries of the Benchmark, Argus and Metal Bulletin (now Fastmarkets) lithium LME pitchesRead full newsRead More
Mr. Derek White reportsASCOT DRILLING AT UNICORN INTERSECTS MORE HIGH-GRADE GOLDAscot Resources Ltd.'s diamond drilling at the Unicorn area near the Big Missouri ridge has intercepted high-grade gold mineralization. The 2018 drill program is now complete and results are being integrated into a resource update for the entire property including Premier/Northern Lights and all parts of the Big Misso...Read More
AMSTERDAM, Nov 1 (Reuters) - ArcelorMittal, the world's largest steelmaker, expects its financial results to improve in the coming months as global economic growth drives demand and U.S. tariffs lead to higher prices for the metal.Arcelor reported a 42 percent year-on-year increase in third-quarter core profit (EBITDA) to $2.73 billion, roughly in-line with analyst expectations, while sales rose 5...Read More
9.9 Metres Grading 3,212 gpt AgEq3.5 Metres Grading 4,570 gpt AgEq11.1 Metres Grading 879 gpt AgEqVancouver, British Columbia--(Newsfile Corp. - November 1, 2018) - SilverCrest Metals Inc. (TSXV: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce further Phase III drill results for the Las Chispas Property (the "Property") located in Sonora, Mex...Read More
Mr. Jeffrey Pontius reportsCORVUS GOLD, PRELIMINARY ECONOMIC ASSESSMENT RESULTS FOR COMBINED NORTH BULLFROG AND MOTHER LODE DEPOSITS, NEVADACorvus Gold Inc. has provided its results for its initial preliminary economic assessment (PEA) combining the North Bullfrog-Mother Lode projects in southwest Nevada. Results outline a large new Nevada mining project with attractive preliminary production stat...Read More
Canadian miner Hudbay Minerals (TSX, NYSE: HBM) has shrugged off some shareholders concerns about the company not being in position to buy new assets, and announced the acquisition of Mason Resources (TSX:MNR) for C$31 million (about $24m).Disclosing the deal after the market closed on Wednesday, Hudbay president and chief executive officer Alan Hair said that while the company believed the most...Read More
Canadian miner Hudbay Minerals (TSX, NYSE: HBM) has shrugged off some shareholders concerns about the company not being in position to buy new assets, and announced the acquisition of Mason Resources (TSX:MNR) for C$31 million (about $24m).Disclosing the deal after the market closed on Wednesday, Hudbay president and chief executive officer Alan Hair said that while the company believed the most...Read More
Spearmint Resources (CSE:SPMT) announced today that it has acquired the 'Hammernose' gold prospect consisting of 5,140 acres directly bordering the strategic alliance between Westhaven Resources and Sable Resource in the Spences Bridge gold belt, which is located in Southern British Columbia, Canada.According to Spearmint, Spences Bridge is a 200-kilometre-long by 30-kilometre-wide emerging low-su...Read More
Although faced with a comprehensive assessment process and the fact that the French government formed a special committee to evaluate in detail the social and economic benefits and impacts of the gold mining industry in French Guiana, Columbus Gold (TSX:CGT) issued a statement today saying that its Montagne d'Or gold project, which is located in the overseas territory, is moving forward with permi...Read More
South African mining veteran Brian Menell wants to build a battery material giant to help challenge China's domination of the nascent industry.It's still early days for his privately funded company, TechMet Ltd., which controls just a handful of assets from Canada to Rwanda. But he's raising more money and sees countries such as the U.S. and Japan as potential partners to help catch China in the r...Read More
"Glencore pushing back on recent lazy analyst & media reports predicting new low-cost Chinese HPAL plants. A must-read for #nickel market participants https://t.co/YfyK1vl1Im"Read full newsRead More
South African miner Gold Fields (NYSE, JSE:GFI) revealed Thursday the biggest union at its massive, but struggling South Deep mine is going on strike on Friday over the company's planned job cuts, which Chief Executive Officer Nick Holland has called a "last-gasp measure."The gold miner is axing about 1,100 jobs, almost third of the workforce at the mine - its only one left in South Africa - a...Read More
Shares of Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) plunged 46% to $1.62 on news that the company has cut its 2018 production guidance and launched a review of the underlying resource model at its Aurora gold mine.The company has hired engineering firm RPA Inc. to investigate the geologic controls and grade variability of the mine's Rory's Knoll deposit. Results of the review will be released in...Read More