China's No.1 producer of lithium, the coveted metal used in the making of batteries that power electric-vehicles (EVs), has signed a deal with Tesla Inc. to supply 20 percent of its production to the car maker.The three-year contract, valid from January 2018 to December 2020, can be extended by another three years, Ganfeng Lithium (SHE: 002460) said."The agreement will help Ganfeng build a health...Read More
China's No.1 producer of lithium, the coveted metal used in the making of batteries that power electric-vehicles (EVs), has signed a deal with Tesla Inc. to supply 20 percent of its production to the car maker.The three-year contract, valid from January 2018 to December 2020, can be extended by another three years, Ganfeng Lithium (SHE: 002460) said."The agreement will help Ganfeng build a health...Read More
Colombia's Constitutional Court has sided with Australia's South32 (ASX, LON, JSE:S32), saving the company from paying $400 million in compensation for alleged damages to local communities caused by waste emissions from its Cerro Matoso nickel mine and smelter.The final ruling, local paper La Raz??n reported, was based on independent medical examinations ordered by the court, which concluded there...Read More
Colombia's Constitutional Court has sided with Australia's South32 (ASX, LON, JSE:S32), saving the company from paying $400 million in compensation for alleged damages to local communities caused by waste emissions from its Cerro Matoso nickel mine and smelter.The final ruling, local paper La Raz??n reported, was based on independent medical examinations ordered by the court, which concluded there...Read More
"Over the past couple of years I've discussed the 2011-2017 downtrend line as the most important downtrend line in gold.4 the 2nd time price hit it in Aug. at 1160.Odds favor test of that upper line.... Will it be different this time ?"Read full newsRead More
"Ever since the Yen-Gold correlation went off the rails,some are now suggesting Yuan-gold correlation.Regardless,the important thing is it looks like China will try to defend the 7 level.It's another subtle hint of a gold turn attempt.Watch 4 Euro close above 117.70 also"Read full newsRead More
Investors have pulled much capital out of gold in recent months in a major mass exodus. Their sentiment waxed very bearish as gold was pounded lower by extreme record gold-futures short selling. The latest record stock-market highs also suppressed the perceived need for diversifying portfolios with gold. But this heavy investment gold selling is slowing, and should reverse sharply once stock marke...Read More
Gold stocks have, for the most part, underperformed the market this year. At the time of writing, gold prices are trading at near US$1,200 per ounce, and silver trades at a just over US$14 per ounce. While this is far from the drop in prices we saw in the years following the 2011 drop, the recent pullback in prices has set the stage for a possible rally.Could gold prices rise?Gold prices are depe...Read More
Mining stocks are one of the greatest strengths of the TSX index; no doubt about it. Ask any non-Canadian investor what Canadian stocks are famous for, and you can bet that, after financials and utilities, they'll mention metal and mining stocks.With that in mind, and paying close attention to the uncertainty in global markets at present - as well as future stressors gathering on the horizon -let'...Read More
VIsta Gold (VGZ) is advancing Australia's largest undeveloped gold project. The current resource stands at 7.8 million ounces, of which 5.8 million proven/probable reserves. Vista is implementing a high-tech grinding and sorting process that will improve gold recovery and production.Vista released an updated Preliminary Feasibility Study which shows an after-tax NPV of $679 million, assuming a...Read More
Proposed Kinder Morgan Trans Mountain twinned pipeline expansion project. Source: Kinder Morgan.The Canadian government is moving to revive the $7.4 billion Trans Mountain Pipeline expansion just weeks after a Federal Court of Appeal quashed the approval of the project on the basis that Canada's efforts to meaningfully consult with Indigenous people fell short.When the ruling was announced, the co...Read More
Harte Gold's Sugar Zone Mine in northern Ontario. Source: Harte Gold Corp.Harte Gold Corp. [HRT-TSX; HRTFF-OTC; H4O-FSE] said it has received all necessary operating permits from the Government of Ontario to start commercial production at its Sugar Zone Mine, which is located 80 km east of the Hemlo Gold Camp in northern Ontario.Harte Gold is now fully permitted to mine, process ore and pour gold...Read More
Oil prices are up this week as tensions over U.S. sanctions against Iranian crude importers heat up.On Monday, Bloomberg reported that OPEC officials from Saudi Arabia said they are comfortable with Brent oil over $80 per barrel, as markets adjust Iranian export cuts amid U.S. sanctions.Forward month Brent futures jumped a few points as a result:As he is wont to do, President Trump responded to th...Read More
Happy DestinyThere's great elation flowing from the various economic bureaus down through President Trump. They bring us good tidings. If you haven't heard, here in the USA, we live, work, and play in the dazzle and delight of an economy in which GDP growth exceeds the unemployment rate. The president has clearly had a hand in job creation. :) Seriously, there can be no doubt that aggregate eco...Read More
A Rebound Gets Underway - Will It Have Legs?Ever since the gold indexes have broken below the shelf of support that has held them aloft since late 2016 (around 165-170 points in the HUI Index), the sector was not much to write home about, to put it mildly. Precious metals stocks will continue to battle the headwinds of institutional tax loss selling until the end of October, to be followed by the...Read More
It's taken at least five years of permitting, but Harte Gold (TSX: HRT; US-OTC: HRTFF) has cleared its last regulatory hurdle and can now flip the switch and put its Sugar Zone mine into production.The mine will be Ontario's first high-grade gold mine built in over a decade and is expected to run for 12 years and recover about 904,000 ounces of gold.Production will start next week and full commerc...Read More
Renaud Adams hasn't wasted any time settling into his new job at New Gold (TSX: NGD; NYSE: NGD).A week after taking the helm as president and CEO of the heavily indebted company, Adams is shaking things up with the sale of its Mesquite mine in California to Equinox Gold (TSXV: EQX) for US$158 million in cash.The sale allows New Gold to "immediately crystallize several years' worth of future free...Read More
Three exploration geologists working on Continental Gold's (TSX: CNL; US-OTC: CGOOF) Berlin project in Colombia were killed during an attack on their residence in the middle of the night.The residence houses exploration geologists and contractors working on the project and is located in the village of Ochali, which lies within the boundaries of the Berlin project, 90 km north of Medellin.Prelimin...Read More
There are many well-understood consequences of cybercrime.Identities have been stolen. Tech companies and defense contractors have had trade secrets and patents exposed to competitors. And money has been stolen or extorted from banks and financial institutions.But what about physical harm?Because that's the logical endpoint of all this.Cybercrime, increasingly, poses a threat to people's lives. It...Read More
With the 2018 midterm election coming up, there's a lot of talk about cyberattacks and hacking.This kind of electioneering was a big deal in 2016, and it's not going away.So how exactly does one "hack" an election?Does it mean changing vote totals?Well, yes that can be one form of election hacking...But so far there are no documented cases of that occurring (in the United States, at least).There a...Read More