* Eskom cuts 4,000 MW from national grid* Test for Ramaphosa months before election* Rand currency, Eskom dollar bonds slump* Eskom board says to audit power system (Updates after Eskom board statement)South Africa's Eskom implemented the most severe power cuts in years on Monday after seven generating units unexpectedly went offline, underscoring the challenge President Cyril Ramaphosa faces to f...Read More
With significant mining, milling and tailings infrastructure already in place, pre-production capital costs for Pure Gold Mining's (TSXV: PGM) Madsen project in Red Lake should not exceed $94.7 million, including a 9% contingency, a feasibility study reports.Total life of mine capex including closure costs for the underground mine are expected to come in at $327 million. Madsen is one of the high...Read More
With significant mining, milling and tailings infrastructure already in place, pre-production capital costs for Pure Gold Mining's (TSXV: PGM) Madsen project in Red Lake should not exceed $94.7 million, including a 9% contingency, a feasibility study reports.Total life of mine capex including closure costs for the underground mine are expected to come in at $327 million. Madsen is one of the high...Read More
SEMAFO (TSX: SMF; US-OTC: SEMFF) has tabled a maiden resource for the Bantou gold zone, located about 170 km south of its Mana gold mine in Burkina Faso, totaling 2.1 million inferred tonnes grading 5.35 grams gold for 361,000 oz. gold.Highlights from the Bantou Proximal zone include 5.21 grams gold over 11 metres from 62 metres downhole and 7.35 grams gold over 3 metres from 95 metres downhole.S...Read More
SEMAFO (TSX: SMF; US-OTC: SEMFF) has tabled a maiden resource for the Bantou gold zone, located about 170 km south of its Mana gold mine in Burkina Faso, totaling 2.1 million inferred tonnes grading 5.35 grams gold for 361,000 oz. gold.Highlights from the Bantou Proximal zone include 5.21 grams gold over 11 metres from 62 metres downhole and 7.35 grams gold over 3 metres from 95 metres downhole.S...Read More
In our market report this morning, we suggested that a correlation had emerged between copper and the price of crude with copper being the leader. That observation is courtesy of Ross Clark from ChartsandMarkets.com who explained what he is seeing in his latest weekly update on This Week in Money.Click to listen to Ross Clark in the opening segment The ears of oil patch investors should perk up...Read More
"Mine development is becoming ever more risky. Download a free excerpt from the 2018 #MJWorldRiskReport https://t.co/gV4bbazgHc and safeguard your investments #mining #finance #investment #risk"Read full newsRead More
...the discovery could hold 1 billion barrels of oil equivalent of gas and condensate resources...Read full newsRead More
South Africa's AngloGold Ashanti (NYSE:AU) (JSE:ANG), the world's third-largest producer of the metal, has completed the first week of underground development blasting at its Obuasi mine, in Ghana, as part of a redevelopment project that aims at having the operation pour first gold by the end of the year.The first blast, on February 1, advanced development by around 4.2 metres on the 2,700 level,...Read More
Italy's populists opened a new front in their clash with the country's central bank, calling on lawmakers to pass legislation stating that its gold holdings worth almost $103 billion belong to the state.The gold ownership bill presented by euroskeptic lawmaker Claudio Borghi of the League adds to an already tense relationship between the Bank of Italy and the coalition government. It's also sparke...Read More
Vancouver-based Kenadyr Mining (TSX-V: KEN) announced today that it has entered into a non-binding letter of intent in connection with a proposed option and joint venture agreement with Gold Mountains Asset Management in respect of the Borubai gold project, located in the Kyrgyz Republic in Central Asia.In a press release, the miner explained that the plan is to grant Gold Mountains an exclusive o...Read More
Northern Graphite (TSXV: NGC) announced that it is considering increasing annual concentrate production by at least 20 per cent at its Bissett Creek graphite project between Ottawa and North Bay, eastern Canada. This would mean integrating an initial production rate of approximately 25,000 tonnes per year into its development plans.Following an analysis performed by G Mining Services, Northern Gra...Read More
FinCanna Closes Upsized Second Tranche of $2.4 Million to Complete FinancingNot for distribution to United States newswire services or for dissemination in the United States.Vancouver, British Columbia, February 11, 2019 - FinCanna Capital Corp. ("FinCanna") (CSE: CALI) a royalty company for the U.S. licensed medical cannabis industry is pleased to announce that further to its news release of Jan...Read More
Peru's environmental agency OEFA is investigating what looks like a tailings spill from Southern Copper's Cuajone mine into a river as the area where the operation is located has been inundated by heavy rains in the past four days.The authority detected a "flow of a greenish solution" into the nearby Torata River in the waste deposit area of the operation, located in the Moquegua region approximat...Read More
LONDON, Feb 11 (Reuters) - Acacia Mining beat forecasts on Monday with figures for its production and costs in 2018 that lifted the gold miner back into profit, but the company is still grappling with a long-running tax dispute in Tanzania where it operates all its mines.Shares in Acacia, majority owned by Barrick Gold Corp , were steady while the rest of the market rose, finding little impetus de...Read More
"Uber's Secret Gold Mine: How Uber Eats Is Turning Into A Billion-Dollar Business To Rival Grubhub https://t.co/0pmF3clq00"Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, was a fairly quiet week for the Index. It did try to break through the 1127-1130 level but was turned back three times before closing down a nominal 2.5 points at 1118.27. MACD rose 1.8 points to 1.14. RSI pulled back 8.1 points to 65.63.Support is at 1101 (20-day moving avera...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) (the "Company" or "IsoEnergy") is pleased to announce that it has intersected an interval of strong (>20,000 total cps on an RS-125 hand-held spectrometer) uranium mineralization at the Hurricane zone in the first follow-up drill hole (LE19-06) completed along-strike of last summer's intersection in drill hole LE18-01A. The Hurricane z...Read More
On this edition of Weekly with Andrew McCreath, he takes a lookahead to some big market trends, including a busy week of earnings here in Canada headlined by the gold companies and the lifecos.Read full newsRead More
On this edition of Weekly with Andrew McCreath, he takes a lookahead to some big market trends, including a busy week of earnings here in Canada headlined by the gold companies and the lifecos.Read full newsRead More