McEwen Mining reported its first quarter results on April 9, along with the news that it is considering the sale of its Mexican assets. The net proceeds would be used to advance other development projects and retire a portion of the company's debt.The El Gallo heap leach complex in Sinaloa state produced 5,413 oz. of gold in Q1 2019. Gold is recovered from residual leaching of the heap. The proces...Read More
First Cobalt Corp aims to restart an idled cobalt refinery in Canada within two years and is in talks to supply the battery-grade product to four leading automakers, chief executive Trent Mell said on Wednesday.The Toronto-based company is planning a $30 million revamp of the plant, located in the appropriately named town of Cobalt, Ontario, which has been shut down since 2015.The restart would pr...Read More
Poland's KGHM, one of the world's biggest copper and silver producers, has no plan to sell its foreign assets but may freeze some in Canada or the United States if they require big investments, its chief executive said.State-run KGHM, which for many years had focused only on Poland, accessed Chilean, Canadian and U.S. metal deposits through its almost $3 billion purchase of Quadra FNX in 2012, the...Read More
Zimbabwe may withdraw mining rights from companies that take too long to dig for minerals, the deputy mines minister said on Wednesday, part of efforts to lift output in a sector vital to the country's economic revival.Zimbabwe sits on the second-largest known platinum deposits after neighbouring South Africa and President Emmerson Mnangagwa is keen to revive mining after years of reticence by for...Read More
Greatpower Technology Co, a Chinese supplier of chemicals for lithium-ion batteries, will start producing nickel sulphate from a plant in eastern China's Zhejiang province by the end of this year, its chairman said on Wednesday.Nickel sulphate, like the sulphate form of sister metal cobalt, is a sought-after ingredient in cathodes for batteries used in electric vehicles, for which China's is the w...Read More
Nearly 2,000 Zambian villagers have the right to sue mining company Vedanta in the English courts, London's Supreme Court said on Wednesday, raising the prospect other companies could face legal action in England related to their activities abroad.India-listed Vedanta, which delisted from London last year but maintains a legal base in Britain, appealed a lower-court ruling that a case in which vil...Read More
Benchmark Metals Inc. (TSXV: BNCH)'s stock jumped at the open after the company released additional assay results from its Lawyer's gold and silver project. Investor reaction to these results was felt early, pushing Benchmark shares up over 10% for a market capitalization of over $8 million.The Lawyer's project is located in the Toodoggone Mineral District, on the eastern extent of the Stikine Ter...Read More
Azerbaijan's leading gold mining company, Anglo Asian Mining, said on Wednesday its gold output rose five percent in the first quarter of 2019 to 17,245 ounces.London-listed Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the Azeri state in which the company holds 51 percent.The company said its total production of gold-equivalent ounces (GEO), which includes oth...Read More
Australian rare earths miner Lynas Corp (ASX: LYC) said Wednesday its board has rejected a A$1.5bn (about $1.1B) takeover proposal from Australian retail and industrial conglomerate Wesfarmers.Lynas, one of the world's main suppliers of rare earths outside China, said the offer undervalued the company's "intellectual property." The miner also said it could deliver better shareholder value in its c...Read More
Canada's First Vanadium (TSX-V: FVAN) has published indicated mineral resources for its Nevada-based Carlin project, considered the largest, highest grade primary vanadium deposit in North America.The company, which in March more than doubled the size of the vanadium property from 1,331 acres to 3,177 acres, said Carlin's maiden resource has far exceeded expectations and will provide a base for a...Read More
Carube Copper (TSXV: CUC) announced this week that it acquired a 100% interest in 300 mineral claims covering the Stewart Brook gold project area in Guysborough County, Nova Scotia.The claims were acquired through staking directly from the government, cover 46 square kilometers and are located along strike of Atlantic Gold's Cochrane Hill deposit. Three historical gold districts are within 5 kilom...Read More
"The copper and silver mineralization is in sandstone and shale, and is especially concentrated where these rocks contain layers of carbon in the form of fossilized plant fragments"Aurania Resources (TSXV: ARU) reported finding high-grade copper and silver over an area measuring six kilometres by three kilometres in the Kirus target area of the Lost Cities - Cutucu project in southeastern Ecuador....Read More
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Ecuador-focused miner SolGold (LON, TSX:SOLG) said drilling at its Cascabel copper-gold project in the country's north has revealed previously unknown mineralization, further increasing the size of one of the biggest copper discoveries of recent years.Together with the high-grade find, over 1.5% copper equivalent, the company has also detected mineralization within the inferred resource area at t...Read More
Driven by need, tens of thousands of women are risking death, disease and sexual violence to scrape a living in the country's informal mining sectorRead full newsRead More
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When it comes to investing in precious metals, everyone's thought goes straight to gold. However, you may be surprised to find out that at this point, gold might not be the best precious metal to invest in this year.Right now, gold costs $2,298 per ounce, making it relatively expensive. Furthermore, considering that the sales in China and India have gone down, you could say that gold is slowly (bu...Read More
"They may try to run this poor thing straight up and over a cliff. Recall the 2000 top was in March but they briefly ran it back in Sep 00. Ditto in Oct 07. When warning signs are ignored, the endings are abrupt. Maintain safety nets, but don't assume stupidity has limits." - John HussmanBefore I saw that quote from Hussman on Twitter, I was contemplating how the trading patterns this year in bond...Read More
Chinese economic growth is probably the main driver of both physical gold demand and the global bull market in stocks.Please click here now. I'm invested in China through ETFs, bank stocks, and... gold!With the possible exception of HSBC, most analysts in the West appear to be underestimating the resilience of a billion Chinese citizens working maniacally in the private sector. I'll go even furthe...Read More
It seems that Tesla (NASDAQ:TSLA) can't go a week without some big headline impacting its share price one way or another. To some degree, the actual product output of Tesla is almost secondary to the hype surrounding it, with the media focusing on a new sensationalist story on a regular basis.Indeed, some pundits have begun to narrow criticism down to a single word: credibility.Currently down 4% o...Read More