Canada's First Quantum Minerals (TSX:FM) has scrapped plans to lay off 2,500 workers in Zambia over an increase in mining taxes, and has committed to extend talks with the southern African nation's government over the issue.The Toronto-based said last month it had exhausted all other avenues of cost reduction, adding the job cuts would be implemented in phases during the first three months of 2019...Read More
Chilean miner Antofagasta Plc. (LON:ANTO) ended 2018 on a very high note as it produced a record amount of copper in the final quarter of the year, which led it to post annual output at the higher end of its forecast.The company, majority-owned by Chile's Luksic family, one of the country's wealthiest, churned out 220,000 tonnes of the red metal in the three months to December, up 16% from the pr...Read More
Barrick Gold Corp.'s full-year gold production was 4.53 million ounces for 2018 and full year gold sales of 4.54 million ounces, according to preliminary results announced Jan. 21.Read full newsRead More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce Mr. Raymond J. Roman has been appointed to the Board of Advisors.Mr. Roman's operational and managerial experience has spanned over 30 years, with various senior executive positions expanding his proficiency in wireless telecommunications and technology in the United States.Cu...Read More
[Editor’s note: This story was originally published in August 2018. It has since been updated and republished to reflect changes in stock price, although the writer’s opinions may have changed.]The stock market is a mess right now. Ever since Facebook (NASDAQ:FB) dropped the ball, the whole tech sector has rolled over and markets have dropped. The broad market volatility, however, does...Read More
Balmoral Resources (TSX: BAR; US-OTC: BALMF) has discovered several new nickel sulphide zones in the central part of its Grasset Ultramafic complex in Quebec after drilling the area during its fall 2018 exploration program. The new discoveries sit 7 km northwest of the company's Grasset polymetallic deposit.Highlights from the area include 1.05% nickel, 0.31% copper, 0.05% cobalt, 0.2 grams platin...Read More
Last week we discussed the difference between a rally and bull market. Gold stocks have been in a rally. That rally is now over as gold stocks peaked at their 400-day moving averages days ago and sliced through their 200-day moving averages Friday.Take a look at the charts of any gold stock index (GDX, GDXJ, HUI) and it's clear they are in a downtrend. Go back two to three years. You'll see lo...Read More
While an improving global economic outlook coupled with a firmer U.S. dollar and higher interest rates points to poor prospects for gold during 2019, there are signs that Equinox Gold Corp. (TSXV:EQX) will rally over the year. The miner has lost 19% over the last year compared to gold, only shedding 4% and creating an opportunity for investors to gain levered exposure to the yellow metal by inves...Read More
While gold gained 14% over the last month intermediate gold miner Gran Colombia Gold Corp. (TSX:GCM) gained over 18% as the performance of its one-time troubled operations in Colombia improved. There has been growing conjecture that now is the time for investors to add Gran Colombia to their portfolios because of a positive outlook for gold combined with the significant enhancements being made to...Read More
With a mix of earnings slowdowns, rising share prices, and negative outlooks, the "hold signal" list for stocks on the TSX index contains enough reasons to stay on the fence. However, at a casual glance, there may seem to be a lot of great stocks on that list that ought to be snapped up right away: take that low P/E or attractive dividend, that high growth or low debt, for instance.But all is not...Read More
Tense negotiations in the lead up to the United States-Mexico-Canada Agreement (USMCA) led to volatility for metals stocks. The United States slapped steel and aluminum tariffs on Canadian and Mexican imports on June 1, 2018. Both countries have lobbied for these tariffs to be removed after signing the USMCA, but they remain in effect.The squeeze on the market was initially very positive for steel...Read More
What do fruit and vegetable drinks, gold, and utilities have in common? On the face of it, not very much; however, all three industries offer Canadian investors some passive income in largely defensive industries. Representing these industries are the following three TSX index luminaries; their stats are discussed here for the prospective buyer.Fortis (TSX:FTS)(NYSE:FTS)Fortis had a one-year past...Read More
A recent review of gold mining stocks by The MoneyLetter turned up three analyst reports with recommendations ranging from 'speculative buy' to 'buy' to 'outperformer'.The MoneyLetter recently surveyed security analyst reports and found three gold mining stocks to buy.PI Financial on Troilus GoldGold and copper mining stock Troilus Gold Corp. (TSX-TLG) is "piecing together positive exploration res...Read More
Eddie Sugar had come a long way from running orders directly for Brent Potts at Potts West Trumbull in Bond Street in the 1980s to his seat in a senior executive position at Jefferies & Co, one ofRead More
The Goldsource Mines Eagle Mountain Gold Mine in Guyana, South America. Photo courtesy Goldsource Mines Inc.Shares of Goldsource Mines Inc. [GXX-TSXV, GXSFF-OTCBB, G5M-FSE] rallied sharply on Wednesday after the company reported a new high-grade discovery at its Eagle Mountain Gold Project in Guyana.The discovery was made during ongoing exploration in an area known as the Salbora target.Highlight...Read More
Drilling operations at the Barkerville Gold Mines Cariboo gold project near Wells, British Columbia. Source: Barkerville Gold Mines Ltd.Barkerville Gold Mines Ltd. [BGM-TSXV; BGMZF-OTC; IWUB-FSE] on Wednesday reported impressive results from drilling at its Cariboo Gold project in central British Columbia.Wednesday's news release contains the final drilling results from the 2018 Cow Mountain explo...Read More
Click to enlargeGoldsource Mines Inc. [GSX:TSXV] is pleased to report a new high-grade discovery from the first two diamond core hole results based on the ongoing exploration program at the Salbora target, Eagle Mountain Gold Project in Guyana. Salbora is located approximately 1.5 kilometres northwest of Eagle Mountain.The Company's first two diamond core holes include EMD18-053 with 40.0 metres (...Read More
A decade ago, China quietly turned the small city of Yunfu into an alternative energy juggernaut.What was once barren hills is now an industrial park that churns out hundreds of electric cars and buses each year.You and I both know why the Chinese are concerned about air pollution.Back in October 2013, China issued its first red alert for smog, the most serious level on its air quality index.And s...Read More
This episode features a round-table discussion on "Big Data" recorded live at The Northern Miner's Progressive Mine Forum held at the MaRS Discovery District in Toronto in October 2018.The panelists are: Talia Dabby, director in the Technology Consulting, and People and Organization Practices at PwC Canada; Humera Malik, founder and CEO of Canvass Analytics; Glenn Mullan, president of the Prospec...Read More
Goldsource Mines (TSXV: GXS; US-OTC: GXSFF) has discovered more near surface gold with the first two drill holes of an ongoing exploration campaign at its Salbora gold target, 1.5 km northwest of its Eagle Mountain gold project in Guyana.The two diamond core holes cut gold mineralization below a previously dug trench that returned 1.92 grams gold over 123 metres. The company estimates the target's...Read More