South Africa's Kumba Iron Ore Ltd on Tuesday reported slightly lower full-year headline earnings for 2018, due to a dip in revenue and lower sales volumes.The company, a unit of Anglo American, said headline earnings came in at 30.28 rand ($2.14) per share in the year ended Dec. 31, 2018, compared to 30.47 rand a year ago.Headline EPS is the primary profit measure in South Africa, and strips out c...Read More
The key to getting monster-sized returns in mining equities is to be small, according to managers of the Plethora Precious Metals Fund.With only 18 million euros ($20 million) in assets, Plethora Precious Metals is a minnow in contrast to giants such as Blackrock Inc. and Vanguard Group Inc. While investment funds generally try to increase assets to share success and rake in higher fees, this Dutc...Read More
BHP Group, the world's biggest miner, doesn't have capacity to raise shipments into the iron ore market as competitor Vale SA faces outages following the fatal mining disaster in Brazil last month.The global iron ore market has been thrown upside down by the tragedy, after Vale was forced to shutter operations and the Brazilian government said it's banning certain types of dams used to hold mining...Read More
Chile's Superintendency of the Environment (SMA) filed charges against Lumina Copper on Tuesday for infractions to the provisions established in its Resolutions of Environmental Rating (RCA), both at the Caserones mine and the Electric Transmission Line necessary for the development of the project.Lumina Copper faces fines of up to $54.8 million for infractions to the provisions established in it...Read More
Dr. John-Mark Staude reportsRIVERSIDE SIGNS DEFINITIVE OPTION AGREEMENT AND RECEIVES CASH AND SHARES FROM PARTNER Riverside Resources Inc. partner Sinaloa Resources Inc. entered into a definitive agreement signed on Jan. 30, 2019, that begins with an initial option to acquire a 70-per-cent interest in the La Silla project. Sinaloa Resources has issued Riverside one million common shares and now pa...Read More
* AngloGold reports earnings rise* Looks to sell interest in Cerro Vanguardia* Approves Quebradona project feasibility study (Recasts with asset sale, adds CEO comments)South Africa's AngloGold Ashanti said on Tuesday it was putting its interests in an Argentine mine up for sale as it looks to focus on operations with a longer shelf life and ability to deliver higher returns.AngloGold Chief Execut...Read More
Mr. Dominique Bouchard reports ARIANNE PHOSPHATE APPOINTS MR. JEAN FONTAINE TO ITS BOARD OF DIRECTORS AND PROVIDES CORPORATE UPDATE Arianne Phosphate Inc. has appointed Jean Fontaine to the company's board of directors.Mr. Fontaine is the founder and president of Jefo Nutrition Inc., a global leader in high performance, non-medicated nutritional solutions for animals.Founded in 1982, Jefo Nutritio...Read More
Mr. Ivan Bebek reportsNEW TARGETS IDENTIFIED THROUGH MACHINE LEARNING AT AURYN'S COMMITTEE BAY HIGH-GRADE GOLD PROJECTAuryn Resources Inc. has received results from the machine learning targeting exercise for the Committee Bay high-grade gold project in Nunavut. The machine learning technology is provided by Computational Geosciences Inc. (CGI) and its proprietary VNet segmentation deep-learning a...Read More
Mr. Brian Groves reportsVECTOR GEOLOGICAL SOLUTIONS ENGAGED TO AID IN NEW TARGET GENERATION AT CHEVRIERGenesis Metals Corp. has engaged Vector Geological Solutions to aid in targeting of opportunities for resource expansion and new discoveries at Chevrier.Dr. Robert Carpenter, strategic adviser (see Genesis news release dated Nov. 21, 2018), in collaboration with Daniel MacNeil and Dr. Alan Wainwr...Read More
United States gold giant Newmont Mining (NYSE:NEM) has cleared one of the regulatory hurdles for its planned mega- merger with Canada's Goldcorp (TSX: G), a combination that would create the world's largest producer by output, challenging Barrick's recently cemented supremacy.The Denver-based gold miner said the Canadian Competition Bureau had green-lighted the $10-billion stock-for-stock trans...Read More
The new President and CEO of Barrick Gold (NYSE:GOLD)(TSX:ABX), Mark Bristow, said the company wants to strengthen its partnership with the government and local communities of Papua New Guinea where the Porgera gold deposit is located.Barrick and Zijin Mining Group each own a 47.5% interest in the Porgera Joint Venture, while Mineral Resources Enga owns the remaining 5% interest. At present, the f...Read More
Hudbay Minerals' (TSE, NYSE: HBM) second-largest investor, Waterton Global Resource Management, has turned up the heat in a boardroom battle that seeks to replace the Canadian miner's chief executive officer and overhaul its board.The private-equity firm, which holds about 12% of Hudbay, released an investor presentation on Tuesday, detailing what it sees as the path forward for the miner. The...Read More
Rescue workers retrieved 24 bodies and eight survivors Saturday from two flooded gold mines in Zimbabwe where officials fear dozens more illegal miners are still trapped, state television reported.Read full newsRead More
BHP, the world's largest mining company, has urged peers to create an independent international body in charge of overseeing the construction, integrity and operations of tailings dams, which storage mining waste, following the second collapse of a dam in Brazil in the past three years."As an industry, we now have to redouble our efforts to make sure events like this simply cannot happen," Chief E...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), is pleased to announce it is supplying various departments of the RCMP (Royal Canadian Mounted Police) in the Atlantic region of Canada, with its UCP100 in-vehicle cellular device and accessories.The UCP100 is the Company's first 3G in-vehicle cellular device made available in 2013 through cellular...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index continued its impressive New Year's ascent after finally breaking through an overhead wall of resistance at 1130. The Index closed the week at 1143.97 with a gain of 25.7 points or 2.3%. MACD fell to 0.28. RSI added nearly 10 points to 75.17. RSI has now occupied ele...Read More
"$APYRF - Allied Properties Real Estate Investment Trust (APYRF) CEO Michael Emory on Q4 2018 Results - Earnings Call Transcript https://t.co/pOwFJTXWYa"Read full newsRead More
Rescue workers retrieved 24 bodies and eight survivors Saturday from two flooded gold mines in Zimbabwe where officials fear dozens more illegal miners are still trapped, state television reported.Read full newsRead More
Eight months after the start of construction of its Whabouchi project in Quebec, Nemaska Lithium (TSX: NMX; US-OTC: NMKEF) says it will cost an additional $375 million to complete the spodumene hard rock mine and electrochemical plant - a 34% increase over estimates in a feasibility study in January 2018.The announcement on Feb. 13 sent the company's shares plunging 35.6%, or 19.5 ?, to 35.5 ? api...Read More
The world's two biggest gold miners both announced mega-mergers over the past 5 months or so. These huge deals briefly garnered some interest in the usually-forgotten gold-stock sector, and fleeting praise from Wall Street analysts. But gold-stock mega-mergers are bad news for gold-miner shareholders on all sides. They reveal the serious struggles of major gold miners, and really retard futu...Read More