LONDON, Nov 5 - The cost of building a copper or gold mine is likely to be cheaper than buying an existing one, dampening the prospect of big merger activity in the mining sector, S&P Global Market Intelligence said, citing in-house research.Data shared with Reuters support comments from major miners, including BHP and Rio Tinto , which say their strategy is to build or to "smart buy", if they can...Read More
"Die ultra-expansive Geldpolitik der #Notenbanken neigt sich in 2018 vorerst zu Ende. Es laufen bereits die Wetten, wie lange der Markt ohne gro??e Liquidit??tsspritzenRead full newsRead More
"Die ultra-expansive Geldpolitik der Notenbanken neigt sich in 2018 vorerst zu Ende. Es laufen bereits die Wetten, wie lange der Markt ohne gro??e Liquidit??tsspritzenRead full newsRead More
Despite additional easing and a 403.5 billion yuan 1-year maturity MLF operation, yuan is tumbling along with China (and Hong Kong stocks) following an ugly Caixin Composite PMI print (the weakest since June 2016).Read full newsRead More
Spearmint Resources (CSE:SPMT) started operations on its Chibougamau Vanadium Prospects located in Quebec, in the direct vicinity of the vanadium deposit of BlackRock Metal's Ilmenite project and Vanadium One Energy's Mont Sorcier project.Chibougamau is comprised of four separate claim blocks totalling 9,735-acres, near Lac Chibougamau in the northern region of the French-speaking province."As the...Read More
Lara Exploration (TSXV: LRA) and Capstone Mining Corp (TSE: CS) signed a Letter of Intent granting the latter an exclusive option to earn up to a 70% interest in the Lara's Planalto Copper Project.Planalto is a 4,726-hectare property located in the Caraj??s Province of northern Brazi, near Vale's Sossego copper mine and Oz Minerals Antas copper mine. The exploration licenses cover meta-volcano-sed...Read More
Canada's Barrick Gold (TSX, NYSE:ABX), which last month announced it was buying Randgold Resources (LON:RRS) in a $6.1-billion deal, is said to have resumed talks with rival Newmont Mining (NYSE:NEM) aimed at merging their gold operations in Nevada, US."They have been trying to negotiate for years but Newmont couldn't agree with Barrick, now that you have a new management team, it's certain they...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN Index made a final plunge as low as 1108.56 before it embarked on a powerful turnaround. The Index ended the week at 1151.95 with a 1.5% or 17.5-point gain, as world markets rebounded with gusto.For the last couple of weeks, including in last week's blog post "Dives...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), is pleased to announce that in preparation for its launch into the United States, it has signed a distribution agreement with Ingram Micro Inc. for its Uniden (R) UV350 in-vehicle 4G/LTE device.Ingram Micro's distribution reach is a key component to Siyata's strategy as they distribute through key...Read More
Agnico Eagle CEO Sean Boyd sits down for an in-depth interview with Northern Miner publisher Anthony Vaccaro at the 2018 Progressive Mine Forum in Toronto, presented by The Northern Miner and Canadian Mining Journal.Read More
A rough-and-tumble October for investors was good for the spot price of gold, which finished the choppy month in the black. It broke off a period of stagnation for the yellow metal that had extended into the fall. Prices have suffered since the late spring on positive economic data and the continued strength of the U.S. dollar.In a rare month, gold equities recorded solid gains. However, there wer...Read More
I'm already fatigued and disgusted with Christmas promotions. They're everywhere now, including every other ad on television. I've come to loathe the holiday season because of the extreme materialism and consumerism into which it has degenerated.That said, Wall Street has overlooked or ignored an interesting aspect reflected in Amazon.com's Q3 earnings circus. Amazon is now desperate to gene...Read More
Planalto Copper Project in northern Brazil.Lara Exploration Ltd. [LRA-TSXV] has signed a letter of intent, granting Capstone Mining Corp. [CS-TSX] the option to earn up to a 70% interest in the company's Planalto Copper Project in northern Brazil.Lara said its exploration work over the past 12 months has yielded a series of very promising drill results from the Homestead target, including hole PDH...Read More
The Mount Newman railway line in Western Australia. Source: BHP Billiton Ltd.BHP Billiton Ltd. [BHP-NYSE; BHPLF-OTCPK] has suspended all iron ore rail operations in Western Australia after a train carrying iron ore took off without the driver on board and travelled across the Pilbara outback before it was stopped early Monday.Local media reports said the train literally ran away after the driver b...Read More
TORONTO - Barrick Gold Corp. says shareholders have voted more than 99 per cent in favour of a takeover of Randgold Resources Ltd.The proposed combination of the two companies, announced in September, would add gold mine properties in Mali, Senegal, Ivory Coast, and the Democratic Republic of Congo to Barrick's portfolio.The deal would also see Randgold chief executive officer Mark Bristow mov...Read More
All political power is primarily an illusion... Mirrors and blue smoke, beautiful blue smoke rolling over the surface of highly polished mirrors.- Jimmy Breslin, American journalist and authorAh, the election midterms!It's a favorite holiday for both the media and the government.The midterms toss up a big cloud of smoke. And the media and government break out the mirrors.For them, it's better than...Read More
After falling as low as 14,639.70 in late October 2018, Canada's benchmark index rebounded to end the trading week up 1.55% to 15,119.28. The S&P/TSX Global Mining Index rose 5.9% to 65.73 and the S&P/TSX Global Gold Index rose 3.1% to 166.28. The price of gold fell 0.04% to US$1,232.20.Shares of Mason Resources rose 146% to 40 ? on news that Hudbay Minerals would acquire the remaining 86% of its...Read More
In one of the few exploration projects it is funding next year, Cameco Corporation (TSX: CCO; NYSE: CCJ) and its joint-venture partners Orano Canada and Purepoint Uranium (TSXV: PTU) are planning a 36 km ground electro-magnetic survey and 6,000 metres of diamond drilling at their Hook Lake uranium project in Saskatchewan.Cameco owns 39.5% of the project in the province's Patterson uranium district...Read More
IAMGOLD (TSX: IMG; NYSE: IAG) is considering two mine plan scenarios at its Sumitomo Metal Mining (TYO: 5713) joint-ventured C??t?(C) gold project in northern Ontario, according to a feasibility study the company recently announced.The base case open pit mine plan outlines a US$795 million after-tax net present value (NPV) at a 5% discount rate and a 15.2% after-tax internal rate of return (IRR)....Read More
Less than a month after Northern Vertex Mining Corp. (TSXV: NEE; US-OTC: NHVCF) signed a US$8.5 million silver stream financing with Maverix Metals (TSXV: MMX), the company has reached a deal with existing shareholder Greenstone Resources for an unsecured working capital facility of up to US$10 million.The facility from Greenstone, a private equity fund specializing n the metals and mining space,...Read More