According to the January 31st IIROC short-selling report published Tuesday, the short-selling position at Badger Daylighting (Sunny; BAD) stands at 1.94% of the company's float (estimated shares outstanding available for trading), up 0.014% from where it was in the January 15th report. Short-sellers may have their work cut out for them, however, as insider commitment at the firm remains strong. O...Read More
Ontario's Government for the People is supporting Indigenous training and employment in Sault Ste. Marie's information technology (IT) sector, creating 57 full-time jobs.Today, Ross Romano, Parliamentary Assistant to the Minister of Energy, Northern Development and Mines, announced PLATO Testing is receiving more than $1.2 million to deliver IT training focused on preparing Indigenous people to be...Read More
Canada's Trilogy Metals (TSX, NYSE: TMQ) is upping the exploration budget for its projects in Northwest Alaska, after its partner Australia's South32 (ASX, LON:S32) agreed to equally fund a program along the Ambler volcanogenic massive sulphide (VMS) belt.Each company will contribute an additional $1 million for exploration at the Upper Kobuk Mineral Projects (UKMP), in addition to the $18....Read More
* LME has 39 responses to consultation on responsible sourcing* NGOs say LME plan short-sighted and irresponsibleFourteen non-governmental organisations (NGOs) including Amnesty and Global Witness have opposed plans by the London Metal Exchange to ban cobalt tainted by human rights abuses, a letter seen by Reuters showed.Cobalt is a key ingredient in the batteries that power electric vehicles, a f...Read More
Shares in Canada's First Quantum Minerals (TSX:FM) were up after announcing that it has signed a new $2.7-billion term loan and revolving credit facility, replacing the existing $1.5 billion one.Underwritten by three core relationship banks, the loan can be increased to up to $3 billion before the end of year, the Vancouver-based miner said. It comprises a $1.5-billion term-loan facility and a $1...Read More
Following the review of historical data that indicate copper and silver grades are open in all directions at the Engels project in northern California, Crown Mining (TSXV: CWM) announced this week its decision to increase its land package in the area.In a press release, the Toronto-based company said that it has staked an additional 35 new federal mining claims adjacent to Engels, all of which are...Read More
First Division Ventures (CSE: FDIV) announced this week that it has entered into an Assignment and Property Option Agreement with Geoxplor Corporation of Arizona, for the option to acquire a 100% interest in the Temple Mountain property in Utah.In a media statement, First Division said Temple Mountain occupies 435 hectares and is located in Emery county, 34 kilometres north of the town of Hanksvil...Read More
Last year was a momentous one for Africa-focused Gem Diamonds (LON:GEMD), as it recovered a record number of huge precious stones from its flagship Let??eng mine in Lesotho, the world's highest-dollar-per-carat diamond mine.In Q4 2018, the company recovered three of the 15 diamonds over 100 carats - a new record for the London-based miner.The most important one, the 910-carat "Lesotho Legend",...Read More
The wave of consolidation sweeping the gold mining sector is for now passing the...Read full newsRead More
Russian miner Nordgold (LON:NORD) has received a fresh 15-year mining permit for its Lefa mine in Guinea, where it plans to invest more than $360 million to continue developing the asset, one of the country's largest gold producing mines.The new licence, effective from March 21, is valid until 2034, in line with Lefa's current life-of-mine.Nordgold, which spun off of Russian steelmaker Severstal i...Read More
HighlightsDRA has entered into a merger agreement with SENET, a leading African project management and engineering firm to create one of the largest project delivery and operations management companies on the continent.SENET specialises in mineral processing project delivery and has successfully delivered gold, copper, cobalt, uranium, and iron ore projects throughout Africa. The complimentary mer...Read More
Metso has opened a new Competence Center for mining in China (CCC). Located in Hunan province in central China, the center focuses on developing and manufacturing solutions for the fast-changing Chinese mining market.We sat down with the head of the CCC, Yiqiang Zhang, and asked him to tell a bit more about the center and his views on the mining industry in China.Why was the CCC established and wh...Read More
A tough financing environment has remained pervasive despite the talk of how bare the reserve cupboards are.Read More
Gold price sales offer opportunity but patience is required. I like to see a market swoon of at least $50/ounce before buying any fresh medium-term gold or related positions.Most amateur gold investors should wait for $100/ounce declines before buying or use very tight stop-losses to protect their capital.When buying, it's important that investors have strong hands accompanying them, and the small...Read More
There are few companies on the market today that have stirred as much emotion and controversy over the years as Cameco (TSX:CCO)(NYSE:CCJ). Despite the fact that the Cameco has seen its share price drop significantly over the years, Canada's largest uranium miner still commands a base of loyal investors that foresee a time (perhaps rapidly emerging) when the stock and, by extension, uranium price...Read More
With uncertainty continuing to cloud the future of the auto industry, and other sectors heavily reliant on the metal industry, it's worth checking the stats for potentially impacted stocks on the TSX index. To catch up, let's look at an auto-related stock, a metal-weighted stock, and an auto stock with the potential to lead the way in the international electric vehicles market.Uni-Select (TSX:UNS)...Read More
"Our advice is to own as little exposure U.S. equity exposure as your career risk allows." - Martin Tarlie, member of portfolio allocation at Grantham, Mayo, Van Otterloo investment managementThe following is an excerpt from the latest Short Seller's Journal:Economy is worse than policy makers admit publicly - Less than four months ago, the FOMC issued a policy statement that anticipated four rate...Read More
A stronger US dollar saw the gold price ease and took the shine off gold equities.The gold price has lost US$10 an ounce on the spot market since this point yesterday, trading just over $1,303/oz earlier.Base metal futures were mixed in Asian trade this afternoon, while iron ore is around a two-year high - above US$86 per tonne as Vale's production was further curtailed with a key operating licenc...Read More
Time for a change of scenery, I’m writing to you all from Bali now. After spending over 4 months in the Philippines, I thought I was due for a change of pace, but as usual per this time of year, I wanted to stay in warmer territories.I’m still in the same timezone, though, so really not too much has changed at all… If anything, I’m probably more convinced than ever just how...Read More
It's expected to become a $4 billion business by 2022.And that's just in the U.S. and Canada.The global estimates for cannabis edibles could effectively double that number.I know some folks don't like to talk about weed or edibles. But if you want to make a ton of cash from the cannabis boom, you need to pay attention to the edibles market.This Isn't Your Father's EdibleForget everything you know...Read More