Spearmint Resources (CSE:SPMT) announced today that it has acquired the 'Hammernose' gold prospect consisting of 5,140 acres directly bordering the strategic alliance between Westhaven Resources and Sable Resource in the Spences Bridge gold belt, which is located in Southern British Columbia, Canada.According to Spearmint, Spences Bridge is a 200-kilometre-long by 30-kilometre-wide emerging low-su...Read More
Although faced with a comprehensive assessment process and the fact that the French government formed a special committee to evaluate in detail the social and economic benefits and impacts of the gold mining industry in French Guiana, Columbus Gold (TSX:CGT) issued a statement today saying that its Montagne d'Or gold project, which is located in the overseas territory, is moving forward with permi...Read More
South African mining veteran Brian Menell wants to build a battery material giant to help challenge China's domination of the nascent industry.It's still early days for his privately funded company, TechMet Ltd., which controls just a handful of assets from Canada to Rwanda. But he's raising more money and sees countries such as the U.S. and Japan as potential partners to help catch China in the r...Read More
"Glencore pushing back on recent lazy analyst & media reports predicting new low-cost Chinese HPAL plants. A must-read for #nickel market participants https://t.co/YfyK1vl1Im"Read full newsRead More
South African miner Gold Fields (NYSE, JSE:GFI) revealed Thursday the biggest union at its massive, but struggling South Deep mine is going on strike on Friday over the company's planned job cuts, which Chief Executive Officer Nick Holland has called a "last-gasp measure."The gold miner is axing about 1,100 jobs, almost third of the workforce at the mine - its only one left in South Africa - a...Read More
Shares of Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) plunged 46% to $1.62 on news that the company has cut its 2018 production guidance and launched a review of the underlying resource model at its Aurora gold mine.The company has hired engineering firm RPA Inc. to investigate the geologic controls and grade variability of the mine's Rory's Knoll deposit. Results of the review will be released in...Read More
Sharply weak silver is weighing heavily on primary silver miners with some of the hardest hit being smaller miners. Among the worst affected is one-time market darling Great Panther Silver (TSX:GPR)(NYSE:GPL), which has seen its stock plunge by a whopping 51% since the start of 2018 compared to silver only shedding 15%. The primary silver miner's latest results have not helped assuage market conce...Read More
October has traditionally been a poor month for stocks, but it's doubtful that even the most bearish investors could have predicted this year's carnage.The TSX Composite Index has declined 8.4% from the 1st to the 30th of October. The S&P 500 has performed even worse, falling more than 9% during the same period. Both these results look pretty good against the NASDAQ 100, which is down nearly 1...Read More
One of the proprietors of StockBoardAsset.com tweeted about two weeks ago wondering when the stock market was going to start pricing in a slow-down in the economy. To that I responded by pointing out that the DJ Home Construction index is starting to price in a housing market crash. Residential construction + all economic activity connected to selling and financing existing homes is probably aroun...Read More
From left to right, the late Paul Burkett, Roy Davis, Tom GeswicAlliance Mining Corp. [ALM-TSXV] on Thursday November 1 said recent analysis of the 2006 drill logs from its Tonopah uranium project in Nevada has revealed the presence of vanadium in both the oxidized and non-oxidized clastic sediments.Alliance Mining shares rallied on the news, rising 40% or $0.01 to 3.5 cents.Alliance said vanadium...Read More
Note: all numbers are rounded.* AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$18.50 per ounce silver andUS$1,225 per ounce gold, with average metallurgical recoveries of 86.6% silver and 98.9% gold.**UB signifies an underground core hole. BA is a surface core hole.All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada.H...Read More
MINNEAPOLIS - Minnesota regulators on Thursday granted key permits to the long-planned PolyMet copper-mining project that's opposed by environmentalists who fear it could someday foul waters, including Lake Superior.The state Department of Natural Resources issued permits to PolyMet Mining Inc. for the company's proposed NorthMet project in northeastern Minnesota. The project still needs permits f...Read More
CALGARY - Suncor Energy Inc. is reporting third-quarter operating income of $1.56 billion, an 80 per cent increase over $867 million in the same period of 2017.The earnings amount to 96 cents per share, in line with analyst expectations of 95 cents according to Thomson Reuters Eikon, but well ahead of 52 cents in the third quarter of 2017.Suncor attributes the increase to higher crude oil prices a...Read More
CALGARY - Encana Corp. has signed a deal to acquire Newfield Exploration Co. in an all-stock offer it said was worth about US$5.5 billion.Under the deal announced Thursday, Newfield shareholders will receive 2.6719 Encana shares for each share of Newfield common stock.Encana will also assume US$2.2 billion of Newfield debt."This strategic combination advances our strategy and is immediately accre...Read More
We all knew it was going to happen.Well, at least those of us who paid attention.The huge run on Canadian cannabis stocks did, in fact, come to an end just as legalization kicked in.Of course, it didn't take a rocket scientist to figure this one out.You know the drill...Buy the rumor, sell the news.And that's exactly what we did.The result?Members of my Green Chip Stocks community just bagged the...Read More
Premier Gold Mines Limited (TSX:PG) is a gold producer, with a high-quality pipeline of precious metal projects in proven, accessible and safe mining jurisdictions in Canada, the United States, and Mexico. The goal is to evolve into a low-cost, mid-tier gold producer, through its two producing mines and the development of its Hardrock Project in Ontario (Greenstone Gold JV) and McCoy-Cove Property...Read More
This episode features Agnico Eagle Mines vice-chair and CEO Sean Boyd in a "fireside" chat with Northern Miner publisher Anthony Vaccaro. The in-depth interview was recorded live on-stage at The Northern Miner's Progressive Mine Forum held at the MaRS Discovery District in downtown Toronto in October 2018.Sean and Anthony cover a wide range of topics, including: innovation at Agnico's Goldex and L...Read More
Seven years ago EMX Royalty (TSXV: EMZ; NYSE-AM: EMX) identified privately held IG Copper and its Malmyzh copper-gold porphyry project in Russia as a strategic investment opportunity and poured US$13 million into the company.That investment has just paid off with IGC's sale of the project for US$200 million to Russian Copper Company, a large privately held copper producer in the Russian Federatio...Read More
DUBLIN, IRELAND - Ireland hosts two prospective horizons for zinc-lead mineralization: the Waulsortian limestone zone, and the deeper Pale Beds, also known as the Navan Beds.Group Eleven Resources (TSXV: ZNG) was sure to emphasize this point during a site visit to three of its zinc-lead projects in Ireland.The Navan Beds are named after the prolific Navan deposit, which feeds New Boliden's (STO: B...Read More
In 2010, Almaden Minerals (TSX: AMM; NYSE: AAU) drilled the discovery hole at its Ixtaca gold-silver project in Puebla State, Mexico. It was a brand new discovery, on claims company president and CEO Morgan Poliquin staked with his father, company chairman Duane Poliquin, in 2001.Today, Morgan Poliquin says the project is about a year away from a production decision; a decision that can be traced...Read More