Zimbabwean gold miner RioZim said on Friday it had suspended production at its three mines for the second time in four months because the central bank had failed to pay it in U.S. dollars for part of its gold deliveries.Gold producers in the southern African country sell their output to central bank subsidiary Fidelity Printers and Refiners and are supposed to be paid 55 percent of their earnings...Read More
Former Barrick Gold (Mostly Sunny; ABX) CEO and current Nutrien (Mostly Sunny; NTR) director Aaron Regent made a half million dollar bet on Nutrien stock December 27th. That investment is already up almost 10% in just 6 weeks.Click for largerThe returns were helped Thursday when the agricultural chemicals stock jumped 1.6% after the company reported Q4 results. Although the quarter, which generat...Read More
Ecuador-focused explorer SolGold (LON, TSX:SOLG) said Friday it was "surprised and disappointed" at how quickly Cornerstone Capital Resources (TSX-V:CGP) dismissed a takeover approach, adding that it will bring the offer directly to the target's shareholders.Last month, SolGold put forward what it called a "premium" offer for Cornerstone's 15% share of the Cascabel copper-gold project in exchange...Read More
Ecuador-focused explorer SolGold (LON, TSX:SOLG) said Friday it was "surprised and disappointed" at how quickly Cornerstone Capital Resources (TSX-V:CGP) dismissed a takeover approach, adding that it will bring the offer directly to the target's shareholders.Last month, SolGold put forward what it called a "premium" offer for Cornerstone's 15% share of the Cascabel copper-gold project in exchange...Read More
South Africa's Harmony Gold said on Friday its earnings per share for the first half of the year could be up to 97 percent lower than this time last year.The gold miner said a 915 million rand ($67 million) depreciation charge, lower derivatives gains and unfavourable currency conversion hit earnings, while costs also rose 6 percent.Headline earnings per share - a key profit measure in South Afric...Read More
Iron ore futures surged more than 5 percent to hit the highest level since 2014 on concern that the increasingly severe crisis at top producer Vale SA will curtail global supplies, tightening the seaborne market and offsetting the impact of a slowdown in China, the largest importer.Vale invoked force majeure earlier this week after a judge forced it to suspend some operations at its Brucutu mine i...Read More
Genesis Metals (TSXV: GIS) announced this week a new resource estimate for the Chevrier gold project near Chibougamau, Quebec.In a press release, the miner said the resource estimate is for both the main Zone and east Zone at Chevrier, which are 10 kilometres apart. Geological data indicate that both zones are located within the Fancamp Deformation Corridor, which is a major structural break that...Read More
Genesis Metals (TSXV: GIS) announced this week a new resource estimate for the Chevrier gold project near Chibougamau, Quebec.In a press release, the miner said the resource estimate is for both the main Zone and east Zone at Chevrier, which are 10 kilometres apart. Geological data indicate that both zones are located within the Fancamp Deformation Corridor, which is a major structural break that...Read More
American Manganese (TSX.V: AMY; FRANK: 2AM) announced this week that its partner Kemetco Research had started the processing of a select sample of cathode scrap material through Stages 1 and 2 of a Pilot Plant built to recycle cobalt, nickel, manganese, and aluminum.In a press release, the British Columbia-based company said the commencement of the pilot plant followed a hazard and operability stu...Read More
American Manganese (TSX.V: AMY; FRANK: 2AM) announced this week that its partner Kemetco Research had started the processing of a select sample of cathode scrap material through Stages 1 and 2 of a Pilot Plant built to recycle cobalt, nickel, manganese, and aluminum.In a press release, the British Columbia-based company said the commencement of the pilot plant followed a hazard and operability stu...Read More
Heavy rains in northern Chile, which forced state miner Codelco to halt operations at its Chuquicamata and Ministro Hales copper mines, have also impacted Freeport-McMoRan's El Abra.Codelco, the world's No.1 copper producer, said Friday it had sent its daytime shift of workers home as a preventative measure and would evaluate whether to cancel its night shift as well.Freeport-McMoran (NYSE: FCX),...Read More
"#MiningIndaba2019 is done after a jam-packed few days in Cape Town. You can find our extensive coverage of Friedland, Bristow and rest here: https://t.co/gMzXLMdRso"Read full newsRead More
Zinc has been on the climb this year, defying broader macroeconomic gloom and a ...Read full newsRead More
Zinc has been on the climb this year, defying broader macroeconomic gloom and a ...Read full newsRead More
About 700 people were evacuated on Friday from two different towns in the Brazilian state of Minas Gerais where a dam collapse last month killed at least 157 people, with nearly 200 still missing and feared dead.Brazilian mining giant Vale (NYSE:VALE) evacuated around 500 residents from a rural town near its Gongo Soco mine's dam, by order of the country's mining agency (ANM) after local consulti...Read More
McEwen Mining Inc. (MUX) (MUX.TO) is pleased to report that construction of the Gold Bar Mine in Nevada's prolific Battle Mountain-Cortez Trend is nearing completion, just 14 months after breaking ground in November 2017.The project is tracking on our original capital cost estimate of $81.4 millionRead full newsRead More
Windfall gold project in Quebec tops list and Global Atomic Corp's uranium project in Niger comes in second.Read full newsRead More
Windfall gold project in Quebec tops list and Global Atomic Corp's uranium project in Niger comes in second.Read full newsRead More
"$BBT - BB&T's (BBT) CEO Kelly King on BB&T and SunTrust announce a Transformational Merger of Equals to Create The Premier Financial Institution - Transcript https://t.co/I69P9SaWGj"Read full newsRead More
"Great Southern Mining (ASX:GSN) has identified a large copper-gold porphyry system at its Edinburgh Park project in Queensland. https://t.co/6QW3VOjQNS #GreatSouthernMining #copper #gold #australia #investing #INN"Read full newsRead More