After years of losses and failed turnarounds, Gold Fields Ltd. is having to come up with another plan to save its massive South Deep mine. Its shares plunged.Read full newsRead More
Lundin Gold Inc. announced its results for the three and six months ended June 30, 2018. All amounts are in US dollars unless otherwise indicated.Read full newsRead More
Rough day for world's top gold mining company ends on high note.Read full newsRead More
Canadian gold exploration and development company Columbus Gold (TSX:CGT) plans to buy up to a 70% interest in IAMGOLD's (TSX:IMG) the Maripa project, located in French Guiana.The project is made up of five contiguous exploration permits and has a historic gold production of around 40,000 ounces of gold, mined between 1985 and 1996."With mine permitting well underway at the Montagne d'Or gold depo...Read More
China's real estate investment has grown quickly in the first seven months of this year, the National Bureau of Statistics (NBS) said Tuesday.Read full newsRead More
Bitcoin dropped below $6,000 and dozens of smaller digital tokens tumbled as this month's selloff in cryptocurrencies showed few signs of letting up.The largest digital currency fell as much as 6.2 percent to $5,887 as of 10:44 a.m. in Hong Kong, the lowest level since June, according to BloombergRead full newsRead More
"Billionaire hedge-fund manager Ray #Dalio kept his faith in the two biggest exchange-traded funds backed by #gold, even as an investor exodus sent prices of the metal tumbling $ gld https://t.co/lh8Qhni9p6 via @markets"Read full newsRead More
"Kodal Minerals' share price has rocketed over the past two days of trading as buyers look forward to the Bougouni maiden resource estimate | https://t.co/IpiWH5fluB #lithium $KOD #AIM"Read full newsRead More
Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna"), a royalty company for the US licensed medical cannabis industry, has advanced US $1.25 million, the initial tranche of capital, to its investee company Refined Resin Technologies Inc. ("Refined Resin") of Oakland, California.Refined Resin is retrofitting a legally zoned, large, state-of-the-art me...Read More
China's Ganfeng Lithium, one of the world's top producers of the battery metal, has bought Chilean producer SQM's 50% stake in the Cauchari-Olaroz project, located in Argentina's Jujuy Province.The $87.5-million deal gives the Chinese miner a 37.5% ownership in the brine project, slated to begin production in 2020, with the rest held by Canada's Lithium Americas (TSX, NYSE:LAC). It also stipulates...Read More
China's Ganfeng Lithium, one of the world's top producers of the battery metal, has bought Chilean producer SQM's 50% stake in the Cauchari-Olaroz project, located in Argentina's Jujuy Province.The $87.5-million deal gives the Chinese miner a 37.5% ownership in the brine project, slated to begin production in 2020, with the rest held by Canada's Lithium Americas (TSX, NYSE:LAC). It also stipulates...Read More
While lithium and potash are often found in the same deposits and mined together, analysts believe the increasing number of companies racing to produce the white metal, key ingredient for making batteries that power electric vehicles (EVs) and high tech devices, won't have an impact in the potash market.Not all brine-based lithium projects will make substantial quantities of potash - Humphrey Knig...Read More
After a fifth straight month of contraction in the shadow banking system and the amid the ongoing collapse of its currency, a deluge of major Chinese macro data disappointed notably tonight.Read full newsRead More
Dozens of cars were set alight and stones thrown at police as gangs of masked youths went rampaging across Sweden on Monday night...Read full newsRead More
South African miner Gold Fields (NYSE, JSE:GFI) plans to cut about 1,560 employees and contractors at its massive South Deep mine, as it tries to save the struggling operation, which has the potential to produce for the next 70 years.South Deep, Gold Field's only mine left in South Africa, was built to target the world's second-biggest known body of gold-bearing ore and slow the steady decline in...Read More
South African miner Gold Fields (NYSE, JSE:GFI) plans to cut about 1,560 employees and contractors at its massive South Deep mine, as it tries to save the struggling operation, which has the potential to produce for the next 70 years.South Deep, Gold Field's only mine left in South Africa, was built to target the world's second-biggest known body of gold-bearing ore and slow the steady decline in...Read More
Indexes in the United States and Canada appeared to bounce back in morning trading on August 14. The value of the Turkish lira fell by another 10% on August 13 as major markets in the U.S., Europe, and Asia all retreated on fears of financial contagion. European banks currently hold billions in Turkish debt. The Turkish lira has lost 45% of its value in 2018 so far.The U.S. has also targeted Turke...Read More
The last year has been a disappointing one for investors in junior gold miner Pretium Resources Inc. (TSX:PVG)(NYSE:PVG). Its flagship Brucejack mine, which commenced production during the second half of 2018, failed to perform as expected, and Pretium's stock was punished by the market, causing it to plunge by 22% since the start of 2018.As a result, Pretium initiated a range of strategic initia...Read More
Silver has been caught in a protracted downturn for some time and despite claims that its outlook is improving. Indeed, the white metal has fallen to prices not witnessed since early 2016. There has been considerable conjecture about what is responsible for silver's inability to rally, with some analysts such as myself blaming growing supplies and a diminishing supply deficit. There has also been...Read More
Canadians are using self-directed RRSP accounts to build stock portfolios to help fund a comfortable retirement.Let's take a look at Toronto Dominion Bank (TSX:TD)(NYSE:TD) and Nutrien (TSX:NTR)(NYSE:NTR) to see if one deserves to be a top pick today.TDTD is closing in on the title of being Canada's largest company by market capitalization. At the time of writing, TD has a market cap of $140 billi...Read More