It's the first day of a new era for Barrick Gold, the world's largest bullion miner, as it officially began trading Wednesday as a merged entity with Randgold Resources.From now on, Barrick's symbol on the New York Stock Exchange will be GOLD, the ticker formerly held by Randgold on NASDAQ. In Toronto, the company is keeping its ABX symbol.The $18.3 billion-deal, which gained final approval in D...Read More
It's the first day of a new era for Barrick Gold, the world's largest bullion miner, as it officially began trading Wednesday as a merged entity with Randgold Resources.From now on, Barrick's symbol on the New York Stock Exchange will be GOLD, the ticker formerly held by Randgold on NASDAQ. In Toronto, the company is keeping its ABX symbol.The $18.3 billion-deal, which gained final approval in D...Read More
Metso has agreed to acquire HighService Service, the service business of the Chilean mining technology and maintenance provider HighService Corp.HighService Service is a high-quality service provider for the mining industry, with operations in Chile, Argentina and Brazil. Its sales in the fiscal year 2017 were 60 million euros and it has 1,300 employees.The acquisition is pending regulatory app...Read More
Metso has agreed to acquire HighService Service, the service business of the Chilean mining technology and maintenance provider HighService Corp.HighService Service is a high-quality service provider for the mining industry, with operations in Chile, Argentina and Brazil. Its sales in the fiscal year 2017 were 60 million euros and it has 1,300 employees.The acquisition is pending regulatory app...Read More
China's No.1 gold producer Zijin Mining plans to issue 8 billion yuan (about $1.2 billion) worth of shares in Shanghai to finance the acquisition of Canada's Nevsun Resources (TSX, NYSEMKT:NSU), the biggest overseas purchase since the Beijing-backed miner went public in Hong Kong in 2003.Zijin aims to sell up to 3.4 billion A shares to investors in China, in a plan which is subject to shareholder...Read More
Big mining companies outperformed the broader market in 2018Read full newsRead More
Solar Ship CEO Jay Godsall pitches the benefits of using airships to access remote areas to a live audience at The Northern Miner's Progressive Mine Forum held at the MaRS Discovery District in Toronto in October 2018.Visit www.solarship.com for more information.Solar Ship CEO Jay Godsall speaking at The Northern Miner's Progressive Mine Forum at the MaRS Discovery District in Toronto in October 2...Read More
Investors seeking exposure to gold typically focus on senior gold miners like Barrick because of the stability and maturity of their operations. While this provides a lower-risk means of bolstering exposure to gold, junior gold miners offer the opportunity to gain access to outsized returns. This is because they are typically viewed by the market as risky ventures that could fail should gold fall...Read More
A bidding war appears to have erupted over junior gold miner SolGold (TSX:SOLG), which is conducting exploration work in the Andean nation of Ecuador. The miner's stock has soared by 28% over the last year, and there are indications that it could climb higher.Emerging as a potential takeover targetSolGold has been attracting considerable interest from a range of major miners. Australian senior gol...Read More
I wish I would have followed by own advice and loaded up on Teck Resources (TSX:TECK.B)(NYSE:TECK) shares back when they were languishing under $10 each.Like many natural resource companies, Teck was feeling the pinch of declining commodity prices in 2015-16. Metallurgical coal prices had collapsed, and metal prices weren't doing much better. Teck's balance sheet was also in tatters, and it had bi...Read More
A quiet bull market in mining stocks is underway. The GDX ETF closed trading on New Year's Eve up 2.37%. Through Monday, the GDX has risen 20% since hitting a 52-week low close of $17.57 on September 11, 2018. In popular parlance, GDX is now in a "bull market."We expect that a significant bull move will occur and a significant amount of capital will pull out of "risk assets" and move into physical...Read More
Glencore saw the heaviest fall of the group with a fall of 4.98% to £2.77 (US$3).The miner and trader had managed to avoid the global markets rout after Christmas that saw major indices mark the worst annual decline in a decade, only to be hit on the first trading day of 2019.Rio Tinto was better than the rest, but still fell 3.17% to £36.BHP and Rio also fell in Australia.The big Cana...Read More
Newrange names Archer as CEONewrange Gold Corp. [NRG-TSXV] said Wednesday January 2 that it has named Robert Archer as its new Chief Executive Officer. The company said Archer has more than 35 years of experience in the mining industry, working throughout North America and Peru.After spending more than 15 years with major mining companies, he held several management positions in the junior mining...Read More
The Ramu nickel-cobalt mine in Papua New Guinea. Source: Highlands Pacific Ltd.Cobalt 27 Capital Corp. [KBLT-TSXV, 270-FSE], owner of the world's largest stockpile of cobalt, on Wednesday January 2 announced the friendly acquisition of Australian Securities Exchange-listed Highlands Pacific Ltd. [HIG-ASX] in a $96 million transaction. Highlands' primary assets include an 8.56% stake in the produci...Read More
Share this articleTORONTO - Canada's main stock index started the trading year higher in a volatile day that saw the key energy sector get a boost from higher oil prices.The S&P/TSX composite index closed up 24.30 points at 14,347.16.In New York, the Dow Jones industrial average ended the day up 18.78 points at 23,346.24. The S&P 500 index was up 3.18 points at 2,510.03, while the Nasdaq compos...Read More
Publisher's Note: Mr. James Dines runs one of the world's longest-lasting financial newsletters, The Dines Letter, and is "The Original Gold Bug." Here's a look at part of his current gold outlook from his 2019 Annual Forecast Issue.To your wealth,Nick HodgePublisher, Outsider ClubGold investing is so entirely out of favor by investors worldwide that mainstream Security Analysts don't even ve...Read More
"While the price of gold hit a six-month peak, the precious metal was also on track to enter into its first annual decline since 2015. https://t.co/M2HyR5gDMP #Investing #Resource #Gold"Read full newsRead More
An Australian mining company wants to expand its mine in South Carolina because they have found more gold.Read full newsRead More
Despite the government shutdown, now in its fifth day, the water-treatment plant that cleans mine waste from the Gold King Mine will not cease...Read full newsRead More
We are starting the New Year off with two encouraging developments for Canadian mid-cap oriented stocks. Not only has the INK Canadian Insider (CIN) Index outperformed the S&P/TSX 60 Index over the past month, but our INK Indicator is also showing potential signs of peaking, something that tends to develop near a base in stock prices.Last spring, we were head faked by insider enthusiasm towards g...Read More