Canada's Leagold Mining (TSX:LMC), which acquired the Santa Luz gold project in Brazil after taking over Briogold to build a mid-sized gold producer in Latin America, said restarting the mine would cost $82 million.Delivering the results of an updated feasibility study for the asset, which has been shut down since 2014, the Vancouver-based miner said Santa Luz could produce 1.06 million ounces of...Read More
Canada's Leagold Mining (TSX:LMC), which acquired the Santa Luz gold project in Brazil after taking over Briogold to build a mid-sized gold producer in Latin America, said restarting the mine would cost $82 million.Delivering the results of an updated feasibility study for the asset, which has been shut down since 2014, the Vancouver-based miner said Santa Luz could produce 1.06 million ounces of...Read More
SASKATCHEWAN - Star Diamond Corp. (TSX: DIAM), formerly Shore Gold, has received approval for the Star-Orion South diamond project from the provincial Minister of environment. The project is located near Fort a la Corne, in the central part of the province.The federal environment assessment agency announced its positive decision in December 2014. Additional permit approvals from the provincial a...Read More
Marlin Gold Mining (TSX-V: MLN) issued a media statement today saying that as a result of heavy rainfall caused by Hurricane Willa, which made landfall on Mexico's Pacific coast as a Category 3 on Oct. 23, a significant amount of water has accumulated inside one of the pits at its La Trinidad gold mine located in the northwestern state of Sinaloa, 42 kms southeast of Rosario.Marlin Gold explained...Read More
A top Chilean court decided not to hear a lawsuit that sought to block China's Tianqi from acquiring Nutrien's (TSX:NTR) stake in the world's No. 2 lithium miner SQM, clearing the way for the biggest-ever deal in an industry that supplies the growing electric-vehicle market.The Constitutional Court said Thursday a complaint brought by companies owned by Julio Ponce, the Chilean miner's top shareho...Read More
Lupaka Gold (TSXV: LPK) denounced today that operations its Invicta Gold Development Project, which is located some 120 kilometres north of the Peruvian capital, have been impacted by an ongoing demonstration organized by a group of residents of the nearby community of Paran.According to the Canadian miner, the protesters have blockaded the access road directly outside of the main gate of the mine...Read More
South Africa's Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) said Friday it had concluded a proposed deal with Canada's Regulus Resources (TSX-V: REG), and its newly formed subsidiary Aldebaran Resources, to jointly unlock value at the Altar copper-gold project, in Argentina.The precious metal miner said it benefitted from the transaction by obtaining upfront proceeds of $15 million while retaining a d...Read More
Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) is strengthening its footprint outside Greece, where it has faced ongoing hurdles to advance two major gold projects, by investing $520 million in a mill at its K????lada?? gold mine in Turkey.The project would make of K????lada?? a nine-year, 270,000-ounce-per-annum mine. Currently, it's a heap leach operation, but Eldorado ran into major recovery troub...Read More
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A 480 square foot tiny home in Visitacion Valley... Read full newsRead More
On July 12, 2017, the Bank of Canada raised its overnight rate by 25 basis points from 0.50% to 0.75%. This was the first rate hike in seven years. Since then the Bank of Canada has raised its key rate four more times, which now stands at 1.75%.Further increases are expected in order to contain rising inflation.Rising interest rates have an impact not only on bonds, but also on stocks. Some sector...Read More
Craig Hemke, the well-known proprietor of the TF Metals Report invited me on this his new "Thursday Conversation" podcast to discuss the stock market, economy, precious metals and Tesla."If you adjusted the current S&P 500 earnings stream using the same GAAP accounting standard that were applied in 1999, the current S&P 500 P/E ratio - expressed in 1999 GAAP accounting terms - would be the mos...Read More
Exploring Great Bear's Dixie Lake gold project in northwestern Ontario. Source: Great Bear Resources Ltd.Great Bear Resources Ltd. [GBR-TSXV] on Friday October 26 announced details of a $3.5 million private placement of flow-through common shares. Proceeds from the offering will be used to incur Canadian exploration expenses related to an expanded exploration effort at the company's flagship Dixie...Read More
Senator Doug Black.By Peter KennedyDespite recent setbacks, Alberta Senator Doug Black believes the Trans Mountain Pipeline Expansion Project will ultimately be approved. However, he fears that getting major resource projects approved in Canada will remain an uphill battle, especially if there are no amendments to Bill C-69.Black says the Canadian Government would not have had to pay $4.5 billion...Read More
This weekend, Aben Resources CEO Jim Pettit will speak at the San Francisco Silver and Gold Summit. Gathering the top thought leaders, CEO's, investment professionals and retail investors from around the world, the Silver and Gold Summit provides an unmatched opportunity for investors to get a behind the scenes look at how to make money investing in the resource industry.Currently, Aben is focusi...Read More
SASKATOON - Cameco Corp. says the Canada Revenue Agency is appealing a Tax Court decision that was in the company's favour.The Saskatoon-based uranium miner estimates it will take about two years for the Federal Court of Appeal to hear and decide the case.Last month, Cameco says the Tax Court ruled its favour in the case which centred around its use of a subsidiary in Switzerland to sell and trade...Read More
Many people fantasize about hitting a lottery jackpot. And yeah, sure, I'd love to win a lottery. Anyone would.But call me crazy - I think it's more exciting to earn money through fantastic investments rather than just getting extremely lucky.While countless people daydream of winning the Mega Millions, I fantasize about being able to go back in time and invest in groundbreaking technologies.Imag...Read More
Industry experts discuss automation and mining at the 2018 Progressive Mine Forum in Toronto, presented by The Northern Miner and Canadian Mining Journal.Moderator: Alisha Hiyate, Canadian Mining Journal editor-in-chief.Panellists (from left): Mikko Koivunen, Sandvik Mining and Rock Technology's business line manager for automation; Walter Siggelkow, Hard-Line's president and founder; Jason Cox, R...Read More
Remember all the hype surrounding Elon Musk's "Gigafactory?"It's the massive battery plant in Nevada that was built to fuel the electric car boom. Elon Musk, being the showman that he is, promoted the hell out of it.Well, have you ever heard of Rongke Power's "Gigafactory?"In Dalian, China?No?That's weird, because it's the world's largest battery site. With a 200-megawatt, 800-megawatt-hour storag...Read More
Industry experts discuss automation and mining at the 2018 Progressive Mine Forum in Toronto, presented by The Northern Miner and Canadian Mining Journal.Moderator: Alisha Hiyate, Canadian Mining Journal editor-in-chief.Panellists (from left): Mikko Koivunen, Sandvik Mining and Rock Technology's business line manager for automation; Walter Siggelkow, Hard-Line's president and founder; Jason Cox, R...Read More