(Bloomberg Opinion) - Gold miners have been struggling for decades against geological destiny.The grade of metal in the world's gold reserves has been declining for years, from average levels above 10 grams a metric ton in the late 1960s to almost one tenth of that now. That's a worrying metric, because few gold mines can operate profitably below 1 gram a ton - equivalent to extracting two teaspoo...Read More
Mr. Vincent Metcalfe reportsOSISKO RECEIVES NOTICE OF ELECTION OF BRUCEJACK STREAM REPURCHASE FROM PRETIUM Osisko Gold Royalties Ltd.'s Osisko Bermuda Ltd. has received a notice from Pretium Exploration Inc., a subsidiary of Pretium Resources Inc., in regards to its election to exercise its option to fully repurchase Osisko Bermuda's interest in the Brucejack gold and silver stream, as provided f...Read More
U.S.-based Coronado Global Resources Inc launched what is set to be Australia's biggest coal mining float in six years with an IPO that seeks to raise up to A$1.3 billion ($946.1 million) and capitalise on Asian demand for the steelmaking commodity.Coronado, which is backed by U.S. private equity firm Energy and Minerals Group (EMG), said in a statement on Monday it filed a prospectus for the IPO...Read More
"Analysts were broadly positive on the deal, but there was one London firm that said it was likeRead full newsRead More
"Both Mark Bristow and John Thornton underlined their ability to play nicely together, but the success of the merger will come from Barrick accepting the smaller company's strategy"Read full newsRead More
"This is one of the biggest deals the mining world has seen in years - Randgold and Barrick will come together form an $18B #gold company | ($) https://t.co/OSUoeDAIaO $RRL $ABX #LSE"Read full newsRead More
HELSINKI, Sept 24 (Reuters) - Finnish mining technology company Outotec will pull out of Iran due to the new U.S. sanctions, a company spokeswoman said on Monday.Outotec, which builds plants, makes equipment and offers services for the metal and mineral processing industries, has a long history in Iran and it remained in the market after the United States instituted sanctions against Iran in 201...Read More
LONDON, Sept 24 (Reuters) - Belgian zinc producer Nyrstar issued a profit warning last week, citing "adverse market conditions".The company, which last year produced over a million tonnes of refined zinc, is feeling the pain from the dramatic price collapse of the last six months.London Metal Exchange (LME) zinc hit an 11-year high of $3,595.50 per tonne in February. It is currently trading at $2...Read More
Well, that didn't take long...Read full newsRead More
Mr. Rudi Fronk reportsSEABRIDGE GOLD'S KSM PROGRAM CONFIRMS KEY GEOTECH/RESERVE DATA AND EXTENDS IRON CAP DEPOSIT This summer's program at Seabridge Gold Inc.'s 100-per-cent-owned KSM project in northwestern British Columbia, Canada, is meeting its objectives after early delays due to adverse weather and the impact of B.C. fire season on equipment and labour availability.The 2018 program includes...Read More
Shares in rare earths producer Lynas Corporation (ASX:LYC) fell Monday after the Australian miner responded to media reports indicating the new Malaysian government was set to launch an official review of the company's refinery, located in the province of Kuantan.While the Sydney-based miner had received no official notification as of Monday, it said the rumours "raised concerns," adding that the...Read More
Shares in rare earths producer Lynas Corporation (ASX:LYC) fell Monday after the Australian miner responded to media reports indicating the new Malaysian government was set to launch an official review of the company's refinery, located in the province of Kuantan.While the Sydney-based miner had received no official notification as of Monday, it said the rumours "raised concerns," adding that the...Read More
For more than two decades, Mark Bristow has been a thorn in the side of Barrick Gold Corp. Now he's its closest partner.The 59-year-old South African will take the role of chief executive officer at Barrick after the Canadian company inked a $5.4 billion deal to buy out Randgold Resources Ltd. It's a bigger stage for Bristow, known as an outsider for his sharp and frequent criticisms of the gold i...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The INK Canadian Insider Index shook off some rust and began to grind higher in an action-packed week that saw the US dollar fall and the price of copper soar - as I have predicted in our last few reviews. The INK CIN added 8 points to close at 1245.48.Momentum cranked up for a second wee...Read More
Canada's Barrick Gold (TSX, NYSE:ABX), the world's largest bullion producer by value, is about to become even bigger as it has agreed to buy Randgold Resources (LON:RRS) in a $18.3 billion share deal, the biggest in the gold sector in the past three years.The new Barrick, valued at $24 billion including debt, would be now the world's top gold miner by value and output, with a dominant position in...Read More
Canada's Barrick Gold (TSX, NYSE:ABX), the world's largest bullion producer by value, is about to become even bigger as it has agreed to buy Randgold Resources (LON:RRS) in a $18.3 billion share deal, the biggest in the gold sector in the past three years.The new Barrick, valued at $24 billion including debt, would be now the world's top gold miner by value and output, with a dominant position in...Read More
The world's leading low cost gold mining giant Barrick Gold Corp's (TSX:ABX)(NYSE:ABX) stock is trading firmer today as investors sift through the company's latest news announcements on Monday. The company is carrying out two very important transactions that will change its shareholder profiles.First up was Barrick's announced merger with leading Africa-focused gold miner Randgold Resources Limite...Read More
There is currently no greater threat facing the global capital markets than a full-blow trade war between the United States and China. Although fears of an overly aggressive escalation from either side were briefly mitigated last week after the announcement of "only" 10% duties on an additional $200 billion of Chinese imports (versus 25% duties expected), what little optimism from the news has sin...Read More
"THE conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country." - Edward Bernays, the Godfather of PropagandaIt's stunning to me the number of highly educated people I know who are blin...Read More
Bulk sampling at the Dumont nickel-cobalt project near Amos, Quebec. Source: RNC Minerals.RNC Minerals [RNX-TSX], aka Royal Nickel Corp., shares rose sharply again Monday September 24 after the company said a new exploration drive on 14 Level at its Beta Hunt Mine in Australia has recovered more visible coarse gold.The find provides further proof of concept that the structures containing the Fathe...Read More