Gold Fields Ltd. is having to sneak maintenance teams into its South Deep mine in South Africa after protesters shot at vehicles trying to enter the site, where workers have been on strike since Nov. 2.Small teams of essential workers are using secret entrances to enter the mine and sometimes have to be smuggled in during the night to pump water, monitor equipment and undertake general maintenance...Read More
Overnight news that regulators in Quebec are reviewing some Bombardier (BBD.B) insider-related transactions shines a spotlight on a big shortcoming in disclosure in Canada. There is an obscure measure in a 2006 OSC staff notice that allows insiders to delay reporting trades for a year or possibly more if they are made under an Automatic Securities Disposition Plan (ASDP) and receive a regular rep...Read More
NEW DELHI/SHANGHAI - India's Vedanta Ltd has been selling copper concentrate on the spot market from stockpiles at its Sterlite smelter, a company official said, after the facility was forced to stop operating earlier this year amid pollution concerns.The company is disposing of around 70,000 tonnes of copper concentrate that have been lying unused since the closure of the plant, the official told...Read More
The Philippines will allow nine mines currently halted to resume operations if they correct previous violations of environmental rules, a government official said Friday, in a move that could increase global nickel supply.The mines, six of which are nickel operations, were permanently shut in early 2017 as part of an environmental crackdown on the sector. Environment and Natural Resources Secreta...Read More
* State govt demands higher share from sale of ore by NMDC* State govt may auction mine if NMDC refuses - state mining secy* NMDC shares mark biggest single-day fall since Aug. 9NEW DELHI - The government of India's Karnataka state on Friday warned NMDC Ltd that it will cancel the lease of its Donimalai iron ore mine if the state-owned miner refuses to pay an additional levy on the sale of its ore...Read More
The major gold miners' stocks remain mired in universal bearishness, largely left for dead. They are just wrapping up their third-quarter earnings season, which proved challenging. Lower gold prices cut deeply into cash flows and profits, and production-growth struggles persisted. But these elite companies did hold the line on costs, portending soaring earnings as gold recovers. Their absurdly-che...Read More
Athabasca oil sands on the banks of the river, around 1900An alarming discount on Canadian crude has sparked calls for production cuts in the Alberta oil patch.The calls from Cenovus Energy Inc. [CVE-TSX, NYSE] and others have been sparked by the difference between the price of Western Canadian Select bitumen-blend crude and New York traded West Texas Intermediate oil.The differential between West...Read More
Sokoman Iron's Moosehead gold project in central Newfoundland. Source: Sokoman Iron Corp.Sokoman Iron Corp. [SIC-TSXV] shares rallied sharply Friday November 16 as the company released more drill results from its Moosehead gold project in central Newfoundland.The company said it has received assay results for five of seven holes completed to date in the property's Eastern Trend. They are part of a...Read More
Imagine going back to the late 1990s and being able to be a ground-floor investor in electric vehicles.Well, you don't have to imagine. Hydrogen fuel cell technology is at the same point in development as electric vehicles were in the late 1990s. And for us as investors, a hydrogen fuel cell boom could be a retirement-level event.Fact is, hydrogen fuel cells have the potential to be superior to a...Read More
The Colorado School of Mines Dance Team has been awarded the Mayor's 2018 Gold Mine Award for Excellence.The student group was one of four award winners at the City of Golden Mayor's 2018 community celebration on Oct. 30. The Gold Mine Award recognizes contributions to the betterment of Mines and the Golden community. Specifically, the dance team was honored "for their contribution to the Golden...Read More
We're on the precipice, the verge of a new era.It's already begun, but it's yet to fully take off (no pun intended).It's the age of the drone.As we speak, drones are delivering packages, dusting crops, driving people to work, fighting fires, and bombing terrorists.Criminals are using them to sneak drugs and other contraband into prisons.They're used for dangerous search and rescue missions, ventur...Read More
Since its official mine opening on Oct. 24, Harte Gold (TSX: HRT; US-OTC: HRTFF) has finished commissioning its process plant and says it is on schedule to declare commercial production by the end of December at its Sugar Zone mine.Mill throughput at Ontario's newest gold producer has reached the initial target rate of 575 tonnes per day, and the tailings management facility and paste fill plant w...Read More
Investors should allocate 10% of their stock market assets to gold mining stocks such as Barrick Gold, Yamana Gold, Goldcorp and Newmont Mining.Read full newsRead More
CloseGain/LossGold $1213.30+$1.40Silver$14.29+$0.14XAU64.99+2.30%HUI146.41+2.06%GDM532.07+1.79%JSE Gold1108.65+27.91USD97.05+0.13Euro113.34+0.14Yen88.24+0.09Oil$56.46+$0.2110-Year3.113%-0.009T-Bond138.90625+0.03125Dow25289.27+0.83%Nasdaq7259.03+1.72%S&P2730.20+1.06% The Metals: Gold gained $4.30 to $1216.20 in Asia before it fell back to $1208.10 in London, but it then chopped back higher...Read More
The pound plunged against the euro, the dollar, gold and all leading currencies today as Theresa May's UK government appeared vulnerable to collapsing and political turmoil risked creating a hard Brexit.Gold in GBP (24 Hours)The pound has fallen 2.6% against gold in less than twenty four hours seeing gold rise from ?923 to ?947 per ounce in sterling terms.The pound slumped the most in more than...Read More
"@TraderPamplona @dougcan Very true. Look at the awful acquisitions track-record and timing during the last 10 years. The big mining co's destroyed so much money that they now under huge pressure from powerful activists to return capital to shareholders. The BHP/Rio stories tell us everything.."Read full newsRead More
"@TraderPamplona @dougcan Now imagine guys what you could buy for $10.4B in the junior space at the moment. Just saying the current move by BHP (and Rio) tells a lot. They don't think it's a real ?EUR?buyers market" yet and remain very careful"Read full newsRead More
"$CCW.VRead full newsRead More
"Canada Cobalt Works $CCW featured on CBC's World At 6 last night!Great story on the Cobalt Camp - starts at 17:15 in the clipListen here: https://t.co/xNr8Dz5jNd #CCW $CCW @canadacobalt #Cobalt #Mining #Silver #TSXV #battery @CBCNews #CBC #CBCNEWS #hotstocks #momentumstocks"Read full newsRead More
"@TraderPamplona @dougcan BHP is now retuning $10.4 billion to shareholders. Imho better instead of spending that amount of money on marginal projects like their potash monster or just buying sth without major scale potential for BHP. Big assets and new discoveries are becoming scarce. Exciting times.."Read full newsRead More