Mitsubishi Corporation announced on May 30, 2018 that it had reached an agreement for the sale of its 50% ownership interest in BMA's Gregory Crinum (GC) coking coal mine in Australia, which is currently under care and maintenance, held by wholly owned subsidiary Mitsubishi Development Pty. Ltd., to Sojitz Corporation. The sale was successfully completed on March 27, 2019.BHP, the holder of the re...Read More
South Africa's Sibanye-Stillwater will explore changing its primary listing in a bid to access more capital as it explores growth opportunities outside its home market, chief executive Neal Froneman said on Wednesday.The precious metals producer, which has both gold and platinum mines in South Africa and platinum group metals (PGM) operations in the United States, said it was looking into opportun...Read More
Jiangxi Copper Co., one of China's top producers, said on Wednesday 2018 net profit rose 52.4 percent year on year as a hedging gain boosted its bottom line in a poor year for the metal used in manufacturing and construction.The Nanchang-based company, which in January flagged an expected increase in annual profit of around 50 percent, posted net income of 2.45 billion yuan for last year, up from...Read More
The International Council on Mining and Metals (ICMM), a London-based industry group representing 27 major companies, said Wednesday it was working with the United Nations Environment Programme (UNEP) and ethical investors to devise global standards for tailings dams.The initiative is in response to the recent tragedy at Vale's Corrego do Feij??o mine in Brazil, where a tailings collapsed in Janua...Read More
The western Canadian Province of British Columbia approved a 5-year extension of Seabridge Gold's (TSX: SEA) (NYSE: SA) Environmental Assessment certificate for the KSM project, which has been described as one of the largest undeveloped gold projects in the world, measured by reserves.Located in north-western British Columbia, KSM has proven and probable reserves of 38.2 million ounces of gold a...Read More
Margaux Resources (TSXV: MRL) executed a definitive agreement this week with Wildsky Resources (TSXV: WSK) that refers to an option to acquire a 100% interest in the Cassiar gold project in northern British Columbia.The property, including all existing infrastructure such as a 270 tonne per day flotation and gravity mill and a tailings storage facility, is held by Cassiar Gold, a wholly-owned subs...Read More
Economist Mike Schussler said it's not only employees who stand to lose their jobs, but other industry players will also be affected.Read full newsRead More
Mid-tier Canadian miner B2Gold (TSX:BTO)(NYSE: BTG) will invest $50 million into expanding its 80%-owned Fekola mine in southwestern Mali, which could take the operation's processing throughput to 7.5-million tonnes a year, up from the current 6-million tonne throughput.The decision comes as the results of a preliminary expansion assessment (PEA), published on Wednesday, recommended an expansio...Read More
This program will be the start of exploring the large structural zone running northward from the other company's project.Read full newsRead More
Already-strong palladium prices soared to new heights in March, with spot palladium prices topping US$1,600 for the first time on March 20, and hitting an all-time record high of US$1,604 per oz. the next day before pulling back hard to US$1,532 per oz. at press time on March 26.The peak above US$1,600 capped a remarkable seven-month run for palladium, which bottomed briefly at US$842 per oz. in A...Read More
Since last spring we've written over and over again about a Fed rate cut being the catalyst for a bull move in gold stocks.The history is almost bulletproof. Many lows in gold stocks over the past 60 years coincided with the end of rate hikes.At present the Federal Reserve is in pause mode and the market is on the cusp of pricing in a rate cut. Friday, Fed funds futures showed a 56% chance of a ra...Read More
Weak inflation, a drop in retail sales, and an inverted yield curve have market watchers worried about the Canadian economy and the Canadian dollar.That got me thinking about stocks that would benefit should the Canadian dollar weakens.Here are some sectors and stocks that stand to benefit:Metals and miningMany mining companies that have assets in Canada will benefit from a falling Canadian dollar...Read More
High returns are the Holy Grail for capital gains investors and dividend portfolio owners alike. The following stocks have decent long-range predictions, and display a spread of stats that should satisfy even the most stringent of investors looking for high-performance stocks on the TSX index to buy and hold for the mid- to long-term. From capital goods to software, let's see what's in today's mys...Read More
Avocet has sold the Inata gold mine in Burkina Faso, but still owns part of the Tri-K gold project in Guinea, in which Managem has a 70% stake. The company owes Elliott US$29.9 million, through a loan due since 2013. The mercurial US fund led by Paul Singer is also the company's largest shareholder. Avocet's shares were suspended for two months last year when it missed the deadline...Read More
Largo's Maracas Menchen Mine in Bahia State, Barzil. Source: Largo Resources Ltd.Largo Resources Ltd. [LGO-TSX; LGORF-OTCQX] shares rallied Wednesday March 27 after the company said record production at its Brazilian vanadium mine enabled it to generate a profit of $316 million or 61 cents a share in 2018.Largo CEO Mark Smith said the company is now looking at ways to return capital to its share...Read More
Rubicon's Phoenix Gold Project in the Red Lake mining camp of northwestern Ontario. Source: Rubicon Minerals Corp.Rubicon Minerals Corp. [RMX-TSX; RBYCF-OTC] on Wednesday March 27 released an updated mineral resource update for its flagship Phoenix gold project near Red Lake, northwest Ontario.The company said measured and indicated resources at the site are up 110% to 589,000 ounces in comparison...Read More
Pouring a gold bar at the Cariboo Gold Project, east-central British Columbia. Source: Barkerville Gold Mines Ltd.Barkerville Gold Mines Ltd. [BGM-TSXV; BGMZF-OTC; IWUB-FSE] said Wednesday March 27 that it is raising $20 million from a bought deal private placement to fund exploration and development at its flagship Cariboo Project in British Columbia.The company said an underwriting syndicate led...Read More
It’s been about 3 years since I said, “Screw this shit, no mas” to the corporate workplace. Yup, there’s been plenty of ups and downs from that point up to now, but all things considered, I can say quite confidently to you all now: I’ve got absolutely zero regrets. Sure, I wish I had a “do over” button a lot of the times; along the journey of Li...Read More
Ever since Congress lifted the ban on U.S. oil exports a few years ago, it's been no surprise that our tight oil resources have accounted for the lion's share of growth.To be perfectly clear, 6 out of every 10 barrels of oil extracted from beneath U.S. soil comes from just one of three oil regions.Again, it's not shocking that we've gotten to this point.We've been banging this drum for more than a...Read More
Largo Resources Ltd. (TSX: LGO, OTCQX: LGORF) is a Toronto-based strategic mineral company, focused on the production of vanadium flake, high purity vanadium flake and high purity vanadium powder at the Marac??s Menchen Mine located in Bahia State, Brazil. At PDAC2019, we learned from Mark Smith,CEO and Director of Largo Resources, that Largo's team is one of the best in the industry, they are com...Read More