If a mine dispute were all that SNC-Lavalin Group Inc. had to worry about, Chief Executive Officer Neil Bruce might be looking forward to next week's earnings report with some equanimity.As it stands, the Canadian engineering giant is being rocked by a political controversy that's embroiled Prime Minister Justin Trudeau and dredged up corruption allegations that date back almost two decades in Lib...Read More
South Africa's Gold Fields Ltd said on Friday its full-year profit slumped 73 percent, dented by a decline in bullion production led by its South Deep operations.Headline earnings per share (HEPS) fell to $0.07 per share, for the full year ended Dec. 31, 2018, from $0.26 in the previous year.HEPS is the main profit measure used in South Africa that strips out certain one-off items.Revenue dropped...Read More
Brazil's Usinas Siderurgicas de Minas Gerais posted 830 million reais ($223.21 million) in profit in 2018, more than doubling its earnings from a year ago, the company said in a securities filing on Friday.Brazil's steelmakers have benefitted from higher metal prices in 2018 amid global trade disputes between the United States and China.($1 = 3.7184 reais)(By Marcelo Rochabrun; Editing by Mark Pot...Read More
Africa-focused gold miner Centamin (LON:CEY) (TSX:CEE) said Friday that drilling activities at its Doropo licence in C??te d'Ivoire resulted in more than double the mineral resources estimated for the area, which remains largely underexplored, with numerous targets identified.The Doropo mineral resource grew to 2.13m ounces at 1.31 grams per tonne of gold in the indicated category, up 58% from la...Read More
Africa-focused gold miner Centamin (LON:CEY) (TSX:CEE) said Friday that drilling activities at its Doropo licence in C??te d'Ivoire resulted in more than double the mineral resources estimated for the area, which remains largely underexplored, with numerous targets identified.The Doropo mineral resource grew to 2.13m ounces at 1.31 grams per tonne of gold in the indicated category, up 58% from la...Read More
Monarch Gold (TSX: MQR) resumed diamond drilling at its wholly-owned Croinor Gold property, where activities were suspended following a winter freeze that affected Quebec's Val-d'Or region.In a press release, the Canadian company said the purpose of the current 1,750-metre campaign is to finish the 2018 drilling program and to drill high potential targets.Monarch said that before it was suspended,...Read More
Monarch Gold (TSX: MQR) resumed diamond drilling at its wholly-owned Croinor Gold property, where activities were suspended following a winter freeze that affected Quebec's Val-d'Or region.In a press release, the Canadian company said the purpose of the current 1,750-metre campaign is to finish the 2018 drilling program and to drill high potential targets.Monarch said that before it was suspended,...Read More
Silver One Resources (TSXV: SVE) reported this week that it started drilling at its Pe??asco Quemado project located in northern Sonora, Mexico.In a press release, Silver One explained that the 1,000-metre diamond drilling program is based on the strength of the soil geochemical anomalies near to a historically defined manto or replacement-style silver resource."The property hosts geological simil...Read More
Silver One Resources (TSXV: SVE) reported this week that it started drilling at its Pe??asco Quemado project located in northern Sonora, Mexico.In a press release, Silver One explained that the 1,000-metre diamond drilling program is based on the strength of the soil geochemical anomalies near to a historically defined manto or replacement-style silver resource."The property hosts geological simil...Read More
Iron ore producer Fortescue Metals Group (ASX:FMG) revealed Friday that one of its massive driverless trucks collided with another at one of its Western Australia mines earlier this week. There were no injuries.The truck, said the company, was traveling at low speed and crashed into another that was parked at its Christmas Creek iron ore mine in the Pilbara region.One of the trucks was traveling a...Read More
Eight employees of Brazilian mining giant Vale (NYSE:VALE) were arrested on Friday as part of an ongoing criminal investigation into the deadly dam disaster in the town of Brumadinho, which killed at least 166 people with over a hundred still missing.Four people from the German consulting group T? 1/4 v S? 1/4 d, the company that certified the safety of Vale's dams, were also detained.All of the V...Read More
Western Australia's historic mining town of Coolgardie, 550 kilometres east of Perth, was put on the map by one of the world's biggest gold rushes back in 1892. Read full newsRead More
Employers want to analyse information about staff but leaks and misuse are raising concernsRead full newsRead More
I've written about and given presentations on Bitcoin for years now. As an IT specialist with strong connections to the financial community, you'd expect me to be one of the many people blindsided by the allure of Bitcoin-based solely on its technological appeal. Imagine a reinventing of money. A completely manipulation free currency made of digital bits with a predictable supply growth curve, som...Read More
SANTIAGO, CHILE - A first-of-its kind deal between Bolivia's state mining company Comibol and Vancouver-based explorer New Pacific Metals (TSXV: NUAG; US-OTC: NUPMF) promises to usher in a new period of foreign investment into Bolivia's mining industry.Under the deal signed in January, New Pacific Metals will have a 45-year contract at its Silver Sands silver project to explore and produce mineral...Read More
Executive Chairman Ivan Bebek and his team at Auryn Resources have already built and sold two successful exploration companies. But now they are convinced that they are on the cusp of two potential world-class discoveries that will far exceed their previous successes. In this interview, Ivan shares how Auryn assembled a top-notch technical and management team who have been able to locate and n...Read More
Energy, materials, and financials are arguably the big three defensive sectors on the TSX index when it comes to investing in stocks for passive income. Below are three stocks that represent a combination of good value for money and decent dividends from these three sturdy sectors, incorporating a Bay Street banker, an energy super-stock, and a bargain gold miner.Bank of Nova Scotia (TSX:BNS)(NYSE...Read More
If you're a brave investor, take a look at Detour Gold Corporation (TSX:DGC).Over the past decade, shares have tripled four times. Each time, the stock returned to its former lows, but when conditions are right, opportunistic investors can make a hefty return in less than 12 months.Currently, Detour Gold stock is trading close to a four-year low. Are shares ready to triple yet again?Rolling the d...Read More
Methanex (TSX:MX)(NASDAQ:MEOH) is the world's largest producer of methanol. With a 14% market share, Methanex is nearly twice as large as its nearest competitor.As with any commodity, scale matters. Methanex is one of the only companies with both a global production base and an international list of clientele. It also can afford a dedicated tanker fleet that allows it to respond to changing mar...Read More
Underground mining operations Goldcorp's Red Lake, Ontario gold mine. Source Goldcorp Inc.As the old saying goes, the best place to discover gold is in an area where the yellow metal already exists. It helps to explain this week's announcements by two companies who have made acquisitions in the Red Lake District of northwestern Ontario.One is Pacton Gold Inc. [PAC-TSXV; PACXF-OTC]. The other is Ne...Read More