Sharply weak silver is weighing heavily on primary silver miners with some of the hardest hit being smaller miners. Among the worst affected is one-time market darling Great Panther Silver (TSX:GPR)(NYSE:GPL), which has seen its stock plunge by a whopping 51% since the start of 2018 compared to silver only shedding 15%. The primary silver miner's latest results have not helped assuage market conce...Read More
October has traditionally been a poor month for stocks, but it's doubtful that even the most bearish investors could have predicted this year's carnage.The TSX Composite Index has declined 8.4% from the 1st to the 30th of October. The S&P 500 has performed even worse, falling more than 9% during the same period. Both these results look pretty good against the NASDAQ 100, which is down nearly 1...Read More
One of the proprietors of StockBoardAsset.com tweeted about two weeks ago wondering when the stock market was going to start pricing in a slow-down in the economy. To that I responded by pointing out that the DJ Home Construction index is starting to price in a housing market crash. Residential construction + all economic activity connected to selling and financing existing homes is probably aroun...Read More
From left to right, the late Paul Burkett, Roy Davis, Tom GeswicAlliance Mining Corp. [ALM-TSXV] on Thursday November 1 said recent analysis of the 2006 drill logs from its Tonopah uranium project in Nevada has revealed the presence of vanadium in both the oxidized and non-oxidized clastic sediments.Alliance Mining shares rallied on the news, rising 40% or $0.01 to 3.5 cents.Alliance said vanadium...Read More
Note: all numbers are rounded.* AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$18.50 per ounce silver andUS$1,225 per ounce gold, with average metallurgical recoveries of 86.6% silver and 98.9% gold.**UB signifies an underground core hole. BA is a surface core hole.All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada.H...Read More
MINNEAPOLIS - Minnesota regulators on Thursday granted key permits to the long-planned PolyMet copper-mining project that's opposed by environmentalists who fear it could someday foul waters, including Lake Superior.The state Department of Natural Resources issued permits to PolyMet Mining Inc. for the company's proposed NorthMet project in northeastern Minnesota. The project still needs permits f...Read More
CALGARY - Suncor Energy Inc. is reporting third-quarter operating income of $1.56 billion, an 80 per cent increase over $867 million in the same period of 2017.The earnings amount to 96 cents per share, in line with analyst expectations of 95 cents according to Thomson Reuters Eikon, but well ahead of 52 cents in the third quarter of 2017.Suncor attributes the increase to higher crude oil prices a...Read More
CALGARY - Encana Corp. has signed a deal to acquire Newfield Exploration Co. in an all-stock offer it said was worth about US$5.5 billion.Under the deal announced Thursday, Newfield shareholders will receive 2.6719 Encana shares for each share of Newfield common stock.Encana will also assume US$2.2 billion of Newfield debt."This strategic combination advances our strategy and is immediately accre...Read More
We all knew it was going to happen.Well, at least those of us who paid attention.The huge run on Canadian cannabis stocks did, in fact, come to an end just as legalization kicked in.Of course, it didn't take a rocket scientist to figure this one out.You know the drill...Buy the rumor, sell the news.And that's exactly what we did.The result?Members of my Green Chip Stocks community just bagged the...Read More
Premier Gold Mines Limited (TSX:PG) is a gold producer, with a high-quality pipeline of precious metal projects in proven, accessible and safe mining jurisdictions in Canada, the United States, and Mexico. The goal is to evolve into a low-cost, mid-tier gold producer, through its two producing mines and the development of its Hardrock Project in Ontario (Greenstone Gold JV) and McCoy-Cove Property...Read More
This episode features Agnico Eagle Mines vice-chair and CEO Sean Boyd in a "fireside" chat with Northern Miner publisher Anthony Vaccaro. The in-depth interview was recorded live on-stage at The Northern Miner's Progressive Mine Forum held at the MaRS Discovery District in downtown Toronto in October 2018.Sean and Anthony cover a wide range of topics, including: innovation at Agnico's Goldex and L...Read More
Seven years ago EMX Royalty (TSXV: EMZ; NYSE-AM: EMX) identified privately held IG Copper and its Malmyzh copper-gold porphyry project in Russia as a strategic investment opportunity and poured US$13 million into the company.That investment has just paid off with IGC's sale of the project for US$200 million to Russian Copper Company, a large privately held copper producer in the Russian Federatio...Read More
DUBLIN, IRELAND - Ireland hosts two prospective horizons for zinc-lead mineralization: the Waulsortian limestone zone, and the deeper Pale Beds, also known as the Navan Beds.Group Eleven Resources (TSXV: ZNG) was sure to emphasize this point during a site visit to three of its zinc-lead projects in Ireland.The Navan Beds are named after the prolific Navan deposit, which feeds New Boliden's (STO: B...Read More
In 2010, Almaden Minerals (TSX: AMM; NYSE: AAU) drilled the discovery hole at its Ixtaca gold-silver project in Puebla State, Mexico. It was a brand new discovery, on claims company president and CEO Morgan Poliquin staked with his father, company chairman Duane Poliquin, in 2001.Today, Morgan Poliquin says the project is about a year away from a production decision; a decision that can be traced...Read More
Reconnaissance exploration at the Kirus and Jempe targets at Aurania Resources' (TSXV: ARU); US-OTC: AUIAF) Lost Cities - Cutucu project in Ecuador has returned grab samples of rock with copper grades of 4% to 7% and silver grades ranging from 20 to 79 grams per tonne.The discoveries are about 20 km apart and were made during exploration of the magnetic targets identified from a geophysical survey...Read More
Sprung Structures regional business development manager Tom Lloyd delivers a talk at the 2018 Progressive Mine Forum in Toronto, presented by The Northern Miner and Canadian Mining Journal.Read More
SilverCrest Metals (TSXV: SIL; US-OTC: SVCMF) is drilling its Las Chispas silver property in Sonora, Mexico, to both expand the current inferred resource and upgrade it to the measured and indicated categories. It plans to table an updated resource and a preliminary economic assessment in 2019's first quarter.The company has seven surface drills and one underground drill operating at Las Chispas....Read More
Abitibi Royalties Inc. (TSX-V: RZZ, OTC: ATBYF, Nasdaq: ATBYF) owns various royalty interests at the Canadian Malartic Mine near Val-d'Or Qu?(C)bec, including a 3% NSR on portions of Odyssey, East Malartic, Jeffrey, Barnat Extension, 2% NSR on portions of the Gouldie/Charlie zones, 1.5% NSR on the Midway Project and a 15% NPI on the Radium Property. In addition, the Company is building a portfolio...Read More
Hydrostor president and CEO Jon Norman presents on innovative energy solutions with attendees at the 2018 Progressive Mine Forum in Toronto, presented by The Northern Miner and Canadian Mining Journal.Read More
President Trump is sending thousands of troops to the U.S./Mexico border in an effort to deter a caravan of migrants seeking asylum in America.I could get political here, and tell you one of two things:1) This caravan of migrants is part of a humanitarian crisis and the president is savagely exploiting it to incite his conservative base ahead of Tuesday's midterm election.Or...2) This caravan is a...Read More