The maker of Marlboro cigarettes is reportedlty in talks to buy Canadian cannabis producer Aphria, according to Globe & Mail. Shares of Aphria rallied more...Read full newsRead More
"Pancon Partners with Flying Post First Nation on Montcalm, Gambler and Nova Projects @PanconResources https://t.co/gg3NvWgccH"Read full newsRead More
LONDON, Oct 11 (Reuters) - Copper producer Atalaya Mining, which is backed by Swiss trading giant Trafigura, is looking for a buyer, two banking sources said on Thursday.The Cyprus-based miner has hired Canadian investment bank Bank of Montreal to help with the sale, the sources said.Atalaya's main copper asset, the Proyecto Riotinto in the Spanish region of Andalucia, was part of a mine complex b...Read More
SGX today announced plans to launch a new high-grade iron ore derivative to meet the needs of the industry as the physical market evolves along different grade specifications.Increased use of high-grade iron ore as China pursues environmentally friendly growth is creating demand for a new risk-management tool to help market participants better manage widening basis risks. The contract, designed in...Read More
Merger and acquisitions in the precious metals sector are gaining momentum following Barrick's recently announced $6.1 billion-deal to acquire Randgold Resources.Shortly after, Canada's Americas Silver (TSX:USA) announced it was buying Pershing Gold (Nasdaq:PGLC) for $50.78 million in an all-stock deal."This transaction aligns with our stated initiative of building a profitable and low-cost precio...Read More
Merger and acquisitions in the precious metals sector are gaining momentum following Barrick's recently announced $6.1 billion-deal to acquire Randgold Resources.Shortly after, Canada's Americas Silver (TSX:USA) announced it was buying Pershing Gold (Nasdaq:PGLC) for $50.78 million in an all-stock deal."This transaction aligns with our stated initiative of building a profitable and low-cost precio...Read More
Oct 11 (Reuters) - Lithium producer Livent Corp fell 3.6 percent in its market debut on Thursday after being priced at the lower end of its expected range, as investors worried about the recent declines in prices of lithium in China, the world's largest consumer of the ultralight metal.Livent's debut comes a day after the major U.S. indices fell about 3 percent each, unnerving investors and pushi...Read More
Oct 11 (Reuters) - Australia's Fortescue Metals Group on Thursday announced a share buyback program of up to A$500 million ($353.0 million), joining bigger rival Rio Tinto as the trend of handing back cash to shareholders sweeps the mining industry.The program will begin after the iron ore miner releases its quarterly report on Oct. 25 and will remain in place for a period of up to 12 months.The b...Read More
MELBOURNE/LONDON, Oct 11 (Reuters) - Australia-listed tungsten producer Wolf Minerals said on Thursday that it could not meet its short-term working capital needs after failing to reach a deal with its financial backers, and as a result its British unit would cease to trade.The ASX-listed miner has appointed Australia-based Ferrier Hodgson as a voluntary administrator, it said in a filing on Thurs...Read More
KERIO VALLEY, Kenya, Oct 11 (Thomson Reuters Foundation) - Nathaniel Tumo was astounded when an excavator arrived at his farm in western Kenya four years ago and started digging for minerals, almost bringing down his house."They started blasting a few metres away and the stones fell on my house," said Tumo, 62, his breath laboured from living alongside the open pit, with its dust, noise and fallin...Read More
"CEO of the beverage giant behind #Corona: #Cannabis is one of the 'most significant' growth opportunities of the next decade https://t.co/s37heTAnlC via @"Read full newsRead More
Gold producers show gainsRead full newsRead More
A Canadian company focused on develop mining technologies and robotics for the resource sector is partnering with Moon Express, the first American private space exploration firm to have been granted government permission to travel beyond Earth's orbit, on future opportunities in outer space.Northern Ontario-based Deltion Innovations will help Florida-based Moon Express collect, process, store a...Read More
Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna") a royalty company for the U.S. licensed medical cannabis industry, announces that its investee company ezGreen Compliance ("ezGreen") which provides a state-of-the-art enterprise compliance and point-of-sale (POS) software solution for licensed medical cannabis dispensaries and cultivators, has expande...Read More
Canada's Leagold Mining (TSX:LMC) has had to temporarily shut down its Riacho dos Machados (RDM) mine in Brazil as a result of continued drought conditions in the country's Minas Gerais State.The Vancouver-based miner said it planned to resume operations in early December, with the commissioning of the grid powerline project.RDM was closed in August last year and restarted, on an intermittent basi...Read More
Canada's Leagold Mining (TSX:LMC) has had to temporarily shut down its Riacho dos Machados (RDM) mine in Brazil as a result of continued drought conditions in the country's Minas Gerais State.The Vancouver-based miner said it planned to resume operations in early December, with the commissioning of the grid powerline project.RDM was closed in August last year and restarted, on an intermittent basi...Read More
Since slipping to a multi-year low of just over US$14 an ounce last month, silver remains weak. Even after rallying 3% over the last month, silver is still down by 15% for the last year. This is weighing heavily on the performance of many silver miners, dragging the Global X Silver Miners ETF down by a whopping 26%.Even primary silver miners with high-quality assets and strong balance sheets are s...Read More
Gold's latest weakness, which sees the yellow metal down by 8% over the last year, has caused the market to punish gold mining stocks and force the VanEck Vectors Gold Miners ETF down by a whopping 20% over that period. Some precious metals miners and streamers such as Osisko Gold Royalties (TSX:OR)(NYSE:OR) have been hit even harder. Its stock has plummeted by over 38%, as rumours swirl that the...Read More
Choco 10 MineRusoro Mining Ltd. [RML-TSXV] rallied on heavy volume Thursday October 11 after the company said it has agreed to a settlement proposal with the Bolivarian Republic of Venezuela, by which Venezuela agreed to pay Rusoro over US$1.28 billion to acquire the company's mining data and for full release of the arbitral award issued in favour of the company in August, 2016.The arbitral award...Read More
The Gladitaor gold deposit in the Urban-Barry Camp of northwestern Quebec. Source: BonTerra Resources Inc.When Bonterra Resources Inc. [BTR-TSXV; BONXF-OTC; 9BR1-FSE] recently snapped up Metanor Resources Inc. in a $78 million deal, the plan was to create a new gold exploration and development company with a focus on Quebec's Urban Barry mining camp.By attaining control of three advanced high-grad...Read More