Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced this week that it has acquired 12,500,000 common shares of Sun Metals (TSX.V: SUNM) a Vancouver-based mineral exploration company.The shares were acquired for an aggregate purchase price of $3.5m, and were acquired privately on Dec. 20, 2018 pursuant to a donation arrangement. As a result, Teck holds approximately 13.8%...Read More
Russia's state-owned nuclear power company Rosatom has offered Chile's government technology it says can boost output of lithium, a key ingredient in electric vehicle batteries, according to lobbyist transparency filings reviewed by Reuters.In separate meetings in late November, lobbyists for the Uranium One Group, a wholly owned subsidiary of Rosatom, told officials at two Chilean agencies they c...Read More
(This article first appeared May 2017)Nealite [Pb4Fe(AsO3)2Cl4 ?2H2O] From an ancient slag site in Greece, formed by slag meeting seawater. Credit RRUFF.For the first time, more than 200 mineral species have been identified that originated either principally or exclusively due to human activities - primarily as a result of mining.The study, led by Robert Hazen of the Carnegie Institution for Scie...Read More
In April 2014, Mary Barra sat on Capitol Hill listening to accounts of families who'd lost a member while driving in a General Motors Co. Chevrolet Cobalt that malfunctioned. Months earlier, she'd been handed the reins of the largest U.S. car company.Defects that the company had failed to disclose for more than a decade led to the recall of almost 3 million small vehicles. The crisis shattered tru...Read More
Earlier this year, Crown Mining (TSXV: CWM) bought 100% of the Moonlight-Superior property in northeastern California for $375,000 in cash and 2.75 million shares.The land package is best known for its Superior and Engels deposits, which produced over 161 million lb. copper as underground mining operations between 1915 and 1930.But the property, 200 km northeast of Sacramento and 145 km northwes...Read More
Earlier this year, Crown Mining (TSXV: CWM) bought 100% of the Moonlight-Superior property in northeastern California for $375,000 in cash and 2.75 million shares.The land package is best known for its Superior and Engels deposits, which produced over 161 million lb. copper as underground mining operations between 1915 and 1930.But the property, 200 km northeast of Sacramento and 145 km northwes...Read More
Continental Gold Inc.'s (TSX:CNL) latest sell-off is overdone, and the miner will soar once production commences at its Buritica project.Read full newsRead More
As we've been saying, the stock market will have great influence on Gold. It has been easy to see in recent months.The S&P 500 has cracked, losing both its 200-day and 400-day moving averages. Gold and gold stocks have benefitted and gained in recent months even with a stable to rising U.S. Dollar.The past 65 years of history shows us that in almost any context (but not all) the time between t...Read More
In early December, I'd discussed bullish signs for gold heading into 2019. One of those was the hint at a potential pause in rate hikes for the United States Federal Reserve next year as well as for the Bank of Canada. The U.S. Fed moved forward on a December rate hike, but this only exacerbated the global stock market sell-off that has slid into its worst period since the financial crisis.Global...Read More
The last few years since the Fukushima nuclear disaster in Japan has been a grueling experience for uranium miner Cameco Corp. (TSX:CCO)(NYSE:CCJ). Weaker uranium prices and a poor outlook for nuclear power generation has weighed heavily on its performance. A recent uptick in the spot uranium price, which sees the radioactive metal up by 30% since the end of 2017, and an improving outlook have bo...Read More
Gold has rallied sharply in recent weeks to see the yellow metal trading at over US$1,275 per ounce, and there are signs that firmer prices are here to stay. Growing market volatility, rising geopolitical risk, and fears of an economic downturn going into 2019 have all helped to push the yellow metal higher. Not even a stronger U.S. dollar nor higher interest rates, which are typically bad for the...Read More
Investors are starting to warm up to the yellow metal again, and that is bringing new interest in the Canadian mining stocks.Let's take a look at the current situation to see if this might be a good time to put one of the beaten-down gold miners in your portfolio.Golden opportunityGold has moved steadily higher since hitting a 2018 low near US$1,170 in August. The $100-per-ounce advance takes it a...Read More
"Commentators keep asking why the Fed can't raise rates if the economy is so strong? They still don't realize that the economy was never strong. They confuse a bubble for strength. Without 0% rates and QE the bubble can't survive. But a return to those policies kills the dollar" - Peter Schiff on TwitterI made that same argument about the Fed funds rate, the dollar and why the Fed has to keep "nud...Read More
Investigating the Goodfish-Kirana Project near Kirkland Lake, Ontario. Source: Warrior Gold Inc.Warrior Gold Inc. [WAR-TSXV] shares were active Thursday December 27 after the company received positive results from the 3D induced polarisation survey on the recently acquired Deloye Patents located on the Goodfish-Kirana Project near Kirkland Lake, Ontario.The shares advanced on the news, rising 16.6...Read More
Drill core from REN drill programMGX Minerals Inc. [XMG-CSE, MGXMF-OTCQB, 1MG-FSE] on Thursday December 27 released an update for its REN niobium-tantalum-titanium-REE (rare earth element) mineral property which is located in the northern Monashee Mountains of southeastern British Columbia.The company said a 14-hole, 1,249-metre drill program was completed at REN covering an area of approximately...Read More
Panic.It's the worst thing about my job.The market cools off, valuations deflate, and my inbox gets overwhelmed with folks who are in full panic mode, wanting to know, "What do I do?"I don't mean to sound brash, but if you freak out every time stocks sell off, you should just stop investing right now. Otherwise, you're going to make yourself crazy, and you'll likely end up acting on emotion instea...Read More
Share this articleTORONTO - Canada's main stock index closed up sharply following a two-day holiday, while U.S. markets rebounded from a steep drop in early trading to end higher after strong gains a day earlier.The S&P/TSX composite index closed up 385.02 points, or 2.79 per cent, at 14,165.21 following the Christmas and Boxing Day holidays.In New York, the Dow Jones industrial average closed...Read More
It's been a year of growth and exclusive interviews for The Northern Miner Podcast as we passed several milestones: celebrating our 100th episode in mid-year; growing to 5,000 to 8,000 listens per month with listeners from around the world; approaching 150,000 total listens since inception; bringing on board new sponsors; and relocating the podcast to our Toronto studio with a new set of hosts.The...Read More
Like millions of other people, I'm very nostalgic for Nintendo, especially at Christmas. That's because this story, or some version of it, is quite common:1986. Christmas morning. Under the tree, there was a giant wrapped box, tagged:TO: Luke and LanceFROM: SantaMy father told us we should open that one first.Tearing into it revealed a giant robot head staring back at us. And we immediately knew e...Read More
Gold had been outperforming as investors looked for safe assets.Read full newsRead More