"Great Panther Silver Reports Fourth Quarter and Annual 2018 Production Results and Provides Corporate Update @Gr8_Panther https://t.co/Ilu7j2iP52"Read full newsRead More
Tanzania named a new mining minister on Tuesday amid a prolonged spat between the government and gold producer Acacia over a $190 billion tax bill, which has severely limited the London-listed company's operations in the East African nation.Dotto Biteko, whose appointment was announced by presidential official John Kijazi on state television, is the third mining minister President John Magufuli ha...Read More
"White Gold Corp. Makes New Discovery on Betty Property Along the Extension of the Coffee Creek Fault @WhiteGoldCorp https://t.co/thN4JWJEY1"Read full newsRead More
A South Korean court on Tuesday approved a request by plaintiffs in a wartime forced labour case to seize part of the local assets of Japan's Nippon Steel & Sumitomo Metal Corp, Yonhap News Agency said, citing a court official.On Dec. 31, the plaintiffs applied to the Daegu District Court for the seizure of 81,075 shares held by Nippon Steel in PNR, its Korea-based joint venture with steelmaker PO...Read More
Palladium's premium to platinum jumped to a record, building on its ranking as the best-performing metal of 2018.Shortages of the metal used in autocatalysts for gasoline-fueled vehicles sent its price to yet another all-time high, widening the price difference with rival platinum to more than $500 an ounce on Tuesday. Most analysts don't see supply relief for palladium anytime soon. Platinum is n...Read More
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Gold-backed exchange-traded funds ended 2018 with new inflows globally as uncertainty about Britain's exit from the EU drove investors to the perceived safety of European-backed ETFs, more than offsetting outflows in North America resulting from a strong U.S. dollar.Gold-backed exchange-traded funds (ETFs) worldwide registered net inflows of $3.4 billion, a 3 percent annual rise and increased by 6...Read More
U.S. plans to remove sanctions on Russian aluminium giant Rusal will be of limited benefit to consumers in the United States where tariffs on aluminium imports mean producers still need much higher prices to incentivise shipments.The U.S. Treasury has said it would lift sanctions on Rusal this month after a restructuring that reduces tycoon Oleg Deripaska's stake in parent company EN+ to below 50...Read More
Canada's Lucara Diamond (TSX:LUC), the company that hit the jackpot in 2016 after finding the world's second-largest diamond, said Tuesday its priority this year will be the completion of a feasibility study into potential underground production and life-of-mine expansion for its Karowe project, in Botswana."Having stabilized and significantly improved our mining operations at Karowe in 2018, Luc...Read More
Canada's Lucara Diamond (TSX:LUC), the company that hit the jackpot in 2016 after finding the world's second-largest diamond, said Tuesday its priority this year will be the completion of a feasibility study into potential underground production and life-of-mine expansion for its Karowe project, in Botswana."Having stabilized and significantly improved our mining operations at Karowe in 2018, Luc...Read More
Swedish industrial group Atlas Copco has acquired Industrie Pumpen Vertriebs GmbH (IPV), a German distributor of industrial pumps, including Italy-based Varisco at an undisclosed price. Italy-based Varisco has been owned by Atlas Copco since late 2015.IPV is based in Dresden, and reported revenues of approximately ?,?5 million (5.7 million) in 2017. It has around 20 employees.IPV will become pa...Read More
Swedish industrial group Atlas Copco has acquired Industrie Pumpen Vertriebs GmbH (IPV), a German distributor of industrial pumps, including Italy-based Varisco at an undisclosed price. Italy-based Varisco has been owned by Atlas Copco since late 2015.IPV is based in Dresden, and reported revenues of approximately ?,?5 million (5.7 million) in 2017. It has around 20 employees.IPV will become pa...Read More
irst Quantum Minerals Ltd. is poised to fire up a giant copper project in Panama, thousands of miles from its beleaguered mines in Zambia. For bondholders, that's a welcome distance.The Canadian copper company is ramping up production at the Cobre Panama plant this year, even as a mining tax hike forces it to shed jobs and cut production at its Zambian facilities. With Panama slated to become a mo...Read More
Defiance Silver Corp (TSX-V: DEF) and ValOro Resources (TSX-V: VRO) have created a combined company that keeps the name Defiance Silver Corp., following a friendly merger under the Business Corporations Act of the Canadian province of British Columbia.In a media statement, the Vancouver-based miners describe Defiance Silver Corp as "a leading diversified explorer with an advanced portfolio of Mexi...Read More
Falcon Gold (TSXV: FG) reported that its exploration team in Argentina found high-grade gold mineralization at concessions of its Esperanza Resources S.A. project, also known as ERSA.The project is located in the western La Rioja province and it is comprised of seven mineral concessions covering an aggregate area of 20,461 hectares. The property sits on the Sierra de Las Minas District, which is r...Read More
Canada's Kirkland Lake Gold (TSX. NYSE: KL) announced Tuesday record gold production for both 2018 and the fourth quarter of the year, thanks mainly to higher-than-expected output at its Australian Fosterville mine as well as its Ontario-based Macassa and Taylor operations.The Toronto-based miner produced 723,477 ounces of gold last year, a 21% increase from the 596,405 ounces generated in 2017.T...Read More
Copper output in Chile, the leading producing nation, is expected to exceed 6 million tonnes for the first time this year and continue to rise by about 30% over the next 10 years, according to the country's state copper agency, Cochilco.Production of the red metal, the agency says, could reach a record of 7.25 million tonnes as early as 2025, thanks mainly to new projects and planned expansions to...Read More
The makeshift mine collapsed trapping villagers seeking gold in north-eastern Badakhshan province.Read full newsRead More
Millennial Lithium (TSXV: ML; US-OTC: MLNLF) is nearing an updated resource estimate and feasibility study (FS) at its 86 sq. km Pastos Grandes lithium project in Salta, Argentina.The company is aiming for a 25,000 tonne per year lithium carbonate equivalent operation at Pastos Grandes. It expects to table the FS, which will include the updated resource estimate, by the end of 2019's second quarte...Read More
The precious metals complex has enjoyed a nice run in recent months.GDX has gained 25% since the September lows while GDXJ has gained 22% since its November low. Gold has rallied over $100/oz since its October low and Silver has surged in recent weeks.The Gold community is getting excited again. They think the equity market is doomed and Gold has started a real bull run. That may be true but in th...Read More