* Sibanye in talks to cut almost 6,000 jobs* Plans to restructure struggling gold operations* Shares up, outpacing mining index (Adds mines minister, analyst comment, shares, background)Sibanye-Stillwater could cut nearly 6,000 jobs in a potential restructuring of the company's gold mining operations following losses at some of its mines last year.The precious metal miner said it had entered into...Read More
The collapse of Vale's Brumadinho iron ore tailings dam in Brazil was both shocking and devastating in its impact. But it was not a one-off event.It was the 11th serious tailings dam failure in the last decade and such catastrophic events are becoming more frequent, according to researchers at World Mine Tailings Failures (WMTF).Indeed, the number of incidents is going to rise further, according t...Read More
"Rats, Public Defecation, & Open Drug Use: Our Major Western #Cities Are Becoming Uninhabitable Hellholes | Zero Hedge https://t.co/YF3cChVaDw"Read full newsRead More
OSLO, Feb 14 (Reuters) - Norway's government approved on Thursday the building of a copper mine near Europe's northernmost point despite years of opposition from indigenous Sami herders and fishermen.Norway's decision on the copper mine has been viewed as a litmus test for the Arctic, where climate change and technology are enabling mineral and energy extraction, shipping and tourism, but threaten...Read More
Nemaska reveals C$40M Whabouchi funding shortfall at C$1.1 billion project.Read full newsRead More
Sierra Metals (TSX: SMT) is one step closer to expanding its Yauricocha mine in Peru.This week, the miner reported the approval of the Environmental Impact Assessment Study for the expansion of the tailings deposition facility at the polymetallic mine.The positive answer follows an initial negative issued in December 2016 by Peru's National Environmental Certification Service to Sierra's subsidia...Read More
In the eyes of investors, lustrous futures await Goldcorp, Eldorado Gold, and Yamana Gold.Read full newsRead More
"$NGW $NXGWF These latest developments are expected to give @NextGreenWave a leg up on its competition in the world's largest #cannabis market.https://t.co/CJd697R6Ld #cannabisnews #investors #cannabisstocksSponsored content-visit link for disclosure"Read full newsRead More
"Newcrest Mining (ASX:NCM) has entered an agreement to sell its S?(C)gu?(C)la gold project to Roxgold (TSX:ROXG,OTCMKTS:ROGFF) for US$30 million. https://t.co/Xxcf5rFuLK @NewcrestMining #roxgold #gold"Read full newsRead More
The bodies of five people are recovered, but dozens remain missing since Saturday, an official says.Read full newsRead More
Senior government official, privatisation secretary Salim Mattar, made the comments at an event in Brazil on Wednesday, Bloomberg reported. "Vale is a state company. Pension funds controlled by the government control Vale," he said."We're here to reprivatise Vale."Shares in the company had lost a third of their value in late January, dropping from BRL56.15 to 42.74, in the wake of the fatal C&oacu...Read More
Gold stocks have to do more to confirm they are in a new bull market.Sure, they've surged above key moving average resistance and breadth has improved.However, the gold stocks have not yet broken the pattern of lower highs and breadth, while improved, is not at bull market levels yet. Let's review where things currently stand.In recent weeks GDX and GDXJ surged above the critical 400-day moving av...Read More
Identifying century-long trends is a great way to spot undervalued stocks with long-term compounding potential. What if I told you that one Canadian company is poised to directly benefit from this century's biggest growth story?No, it's not a tech stock. But as you'll see, it has a fair amount of proprietary tech fueling its share price. Meet Nutrien (TSX:NTR)(NYSE:NTR).More people means more fo...Read More
The stock price of Barrick Gold (TSX:ABX)(NYSE:GOLD) dropped nearly 4% after the company reported Q4 earnings. Investors who follow the mining giant are wondering if the pullback is a good opportunity to buy the shares.Let's take a look at the current situation to see if Barrick deserves to be on your buy list.ResultsBarrick reported a US$1.2 billion loss for Q4 2018, largely due to impairment cha...Read More
In this market, it seems like a significant amount of time and energy is being spent on marijuana stocks, and their stratospheric rise over the last year or so tells us why.But what if we could get the same returns, only instead of investing in companies that are losing money and trading at sky-high multiples (marijuana stocks), we could invest in companies that are making real profits and genera...Read More
Dividend payments can be used to save for retirement, replace a portion of your income, or smooth out significant market losses. Regardless of your goals, all dividend investors want the same thing: the assurance that the company they invest in will not significantly reduce or discontinue its dividend payments. Let's take a look at two companies you can count on as far as secure dividends are conc...Read More
Finding a stock on the TSX index that combines growth, dividends, and a strong track record can be like hunting for a needle in a haystack. While some of the biggest Canadian stocks manage exactly this feat, and get plenty of airtime for doing so, are the following potentially overlooked dividend-payers worth adding to a passive income portfolio?Rogers Communications (TSX:RCI.B)(NYSE:RCI)One of th...Read More
The retail sales report for December - delayed because of the Government shut-down - was released this morning. It showed the largest monthly drop since September 2009. Online sales plunged 3.9%, the steepest drop since November 2008. Not surprisingly, sporting goods/hobby/musical instruments/books plunged 4.9%. This is evidence that the average household has been forced to cut back discretionary...Read More
Speaking at the first WA Mining Club lunch this year, panel member and PCF Capital Group managing director Liam Twigger also said two North American trends that could impact miners were the buzz surrounding cannabis stocks and the growing prominence of streaming companies providing project financing. The panel, including Deloitte partner Nicki Ivory, Hartleys chairman Ian Parker and Doray Min...Read More
It recovered the rare-shaped stone, which experts estimated to be over 300 million years old, on January 23 at the Udachnaya kimberlite pipe in Yakutia.Alrosa managing board member and director of the United Selling Organisation Evgeny Agureev said diamonds that resemble objects or symbols were "extremely rare in nature", with most either octahedron-shaped or without any particular shape."The appe...Read More