Mining Stocks Articles

Firestone shares on fire after finding 70-carat diamond in Lesotho

Feb. 12, 2019, 10:50 AM / Cecilia Jamasmie

Africa-focused Firestone Diamonds (LON:FDI) has unearthed an undamaged 70-carat white, makeable stone from its 75%-owned Liqhobong mine in Lesotho.The diamond is the largest found so far this year and follows the recovery of a 46-carat, gem quality white rock in December, which sold for over $1 million at a sale early this month.Shares in the company shot up on the news and were trading 8.9% h...Read More

Newcrest sells C??te d'Ivoire project to Canada's Roxgold in $30 million-deal

Feb. 12, 2019, 10:49 AM / Cecilia Jamasmie

Australia's largest gold producer, Newcrest Mining, (ASX: NCM) is selling its S?(C)gu?(C)la gold project and its portfolio of 11 exploration tenements in C??te d'Ivoire to Canada's Roxgold (TSX: ROXG) in a deal valued at $30 million.The Toronto-based miner will pay $20 million upfront, followed by a $10 million deferred payment due if and when S?(C)gu?(C)la reaches production.S?(C)gu?(C)la will b...Read More

Harmony Gold in talks to build solar power plant

Feb. 12, 2019, 10:44 AM / Reuters

* Harmony Gold H1 profit slumps 94 pct* Firm in talks to build solar power plantSouth African miner Harmony Gold is in talks to build a 30 megawatt solar power plant in the Free State province to supply power to some of its operations to try to reduce power costs and dependence on struggling utility Eskom.Eskom, which produces over 90 percent of South Africa's electricity, is saddled with more tha...Read More

Trudeau cabinet minister quits amid SNC-Lavalin controversy

Feb. 12, 2019, 10:21 AM / Bloomberg News

Canada's former attorney general has resigned from Justin Trudeau's cabinet amid a report she was pressured by the prime minister's office to intervene in a legal case involving SNC-Lavalin Group Inc.Jody Wilson-Raybould announced her resignation on her website Tuesday, after days of saying she couldn't comment on work she did as the government's chief lawyer. She was moved from the justice minist...Read More

Northern Star shares up on better-than-expected exploration results at Alaska mine

Feb. 12, 2019, 9:50 AM / Cecilia Jamasmie

Shares in Australia's Northern Star Resources (ASX: NST) jumped Tuesday after it said that drilling results from its Pogo gold mine in Alaska pointed to a significant increase in resources and a substantial maiden reserve.The A$35 million ($25m) exploration and concentrated infill drilling campaign, using four underground and four surface rigs, has increased the existing JORC-compliant resource of...Read More

FLSmidth completes IMP buyout

Feb. 12, 2019, 6:36 AM / MINING.com Staff

FLSmidth announced this week that it has completed the buyout of Australia's IMP Automation Group.According to the Danish firm, the decision to acquire IMP came to be due to the need to have a more complete portfolio of automated laboratory solutions for the mining industry, given the current climate of high exploration activity and increased focus on productivity.In a press release, FLSmidth said...Read More

Russia's New Shield From U.S. Sanctions: A Siberian Gold Mine

Tue Feb 12 03:09:02 2019 / Staff reporter

Beneath a plot of land in southeastern Siberia lie vast stores of gold, according to Russia's biggest gold producer, Polyus PJSC, and tapping them could provide the Russian central bank with a huge and nearly sanction-proof backstop for its currency.Read full newsRead More

Quadron Cannatech Announces Board Additions and Management Change

February 12, 2019 02:14:26 / Staff reporter

Vancouver, BC - Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron"), is pleased to announce the appointment of Larry Anderson and David Beck as directors of the Company, and two executive changes which support the Company's continued long-term growth in the evolving cannabis industry.Mr. Beck possesses over 30 years experience with national financial institutions in various cap...Read More

Siyata Mobile Announces Network Approval With U.S Tier 1 Carrier for Uniden (R) UV350 Nearing Completion and Advances Trials With End-Use Customers

February 12, 2019 02:04:32 / Staff reporter

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), is pleased to announce that U.S Tier 1 Carrier network approval is nearing completion and has initiated trials with multiple end-use large-scale potential customers in various industry verticals. As a result, the Company expects initial purchase orders from these end use customers through the U.S T...Read More

$MGDDF - Compagnie G?(C)n?(C)rale des ??tablissements Michelin (MGDDF) CEO Jean-Dominique Senard on Q4 2018 Results - Earn...

Tue Feb 12 00:14:10 2019 / Staff reporter

"$MGDDF - Compagnie G?(C)n?(C)rale des ??tablissements Michelin (MGDDF) CEO Jean-Dominique Senard on Q4 2018 Results - Earnings Call Transcript https://t.co/rA0gX4ClyS"Read full newsRead More

Kerr Mines targets 2020 production at Copperstone

February 12, 2019 / Posted Trish Saywell

Kerr Mines (TSX: KER; US-OTC: KERMF) expects to start mining and stockpiling mineralized material from its Copperstone gold project in Arizona in the fourth quarter of this year with production starting in the first quarter of 2020, CEO Claudio Ciavarella says.The fully permitted project is the underground extension of the same orebody that Cyprus Amax mined as an open pit between 1987 and 1993, a...Read More

JV Article: AspenTech Reduces Downtime for Mining Equipment

February 12, 2019 / Posted Northern Miner Staff

In 1981, the chemical engineering group at Cambridge, Mass.-based MIT received a U.S. Department of Energy grant to study technical innovation in the processing industries as part of a strategy to mitigate the impact of another oil crisis like the one that threatened the U.S. in the 1970s.Thirty-eight years later, Aspen Technology (NASDAQ: AZPN) has a market cap approaching US$7 billion-greater th...Read More

Chart Attack! Gold Stock Correction to be Mild

Feb 12, 2019 / MiningFeeds.com

Morris HubbarttFeb 12, 2019Here are today's videos and charts (double-click to enlarge):SFS Key Charts, Signals, & Video AnalysisSF60 Key Charts, Signals, & Video AnalysisSF Trader Key Charts, Signals, & Video Analysis SFJ Key Charts, Signals, & Video AnalysisThanks,Morris HubbarttUnique Introduction For Website Readers: Send me an email to signals@superforcesignals.com and I'll...Read More

Investor Alert: These Stocks Are Trading At 52-Week Highs: Should You Take Your Money and Run?

February 12, 2019 / Karen Thomas, CFA

Capital preservation is a very important, but sometimes it seems, it's a less talked about goal of Canadian investors.Part of this is knowing when to sell a stock.The following three stocks are trading at 52-week highs, which can sometimes be a sell signal, especially for cyclical stocks.Intact Financial Corporation (TSX:IFC)With a 2.72% dividend yield, a solid competitive position in the insuranc...Read More

TSX Investors: Your TFSA Needs Stocks Like These

February 12, 2019 / Victoria Hetherington

With plenty to be worried about on the global financial agenda for 2019, a water-tight portfolio is the order of the day. Therefore, it makes sense that when looking to pad a TFSA with some stable passive income, you may be on the lookout for "forever stocks" - the kinds of investments that one might comfortably buy and forget about replete with a mix of defensive stats, low market variables, and...Read More

Is Cameco Corp (TSX:CCO) a Buy After a Strong 2018?

February 12, 2019 / David Jagielski

It's been a very tumultuous road for Cameco Corp (TSX:CCO)(NYSE:CCJ), but it definitely appears as though things are improving for the uranium producer. Last week, it reported its year-end results and they ended with a nice surprise: a profit for the full year. Earnings of $166 million were nearly a complete reversal from the $205 million loss that Cameco incurred a year ago.Although Cameco did...Read More

Retirement Investors: Which Canadian Gold Stocks Belong in Your Savings Plan?

February 12, 2019 / Victoria Hetherington

It's that time of year when investors are hunting for last-minute additions to their RRSPs. While last year was a tough one across the board for some metals and mining stocks on the TSX index, 2019 is looking like a good year for gold in particular. With that in mind, the following three gold stocks have been evaluated for possible inclusion in an RRSP based on their valuations and outlook in term...Read More

As The Fed Reflates The Stock Bubble The Economy Crumbles

February 12, 2019 / admin

I get a kick out of these billionaires and centimillionaires, like Kyle Bass yesterday, who appear on financial television to look the viewer in the eye and tell them that economy is booming. Kyle Bass doesn't expect a mild recession until mid-2020. Hmmm - explain that rationale to the 78%+ households who are living paycheck to paycheck, bloated with a record level of debt and barely enough savi...Read More

iMetal targets new discovery at Gowganda

February 12, 2019 / Resource World

Exploring the Gowganda West Project in northeast Ontario. Source: iMetal Resources Inc.iMetal Resources Inc. [IMR-TSXV; ADTFF; A7V-Germ.] was an active trader Tuesday February 12 after the company said it is expanding its Phase 1 maiden drill program at its Gowganda West property in northeast Ontario.The company said drilling will focus on the Zone 1 South target area where three holes have been c...Read More

Golden Predator releases 3 Aces update, stock rises

February 12, 2019 / Resource World

Golden Predator's gold processing plant in the Yukon. Source: Golden Predator Mining Corp.Golden Predator Mining Corp. [GPY-TSXV; NTGSF-OTCQX] has released a progress update on a bulk sampling program that was launched last year at its 3 Aces gold project in the Canadian Yukon.The 3 Aces property hosts an orogenic gold project and is located northeast of Watson Lake. Golden Predator has so far foc...Read More

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