Canadian junior companies have a large presence south of the border. The Northern Miner presents its top-10 list of the biggest Canada-based juniors with substantial assets in the U.S., by market capitalization:1. ARIZONA MININGMarket cap: US$1.47 billionDon Taylor (left), Arizona Mining COO, and Jerry Willis, senior contract geologist, with core samples at the Hermosa zinc-lead-silver project, 80...Read More
Titan Mining Corporation (TSX: TI) is a Canadian-based mining company which produces zinc concentrate at its 100%-owned Empire State Mine ("ESM") in St. Lawrence County, New York State. ESM includes a suite of seven historic zinc mines. One of these - ESM #4 mine - has recently restarted production and, with both near-mine and regional exploration activities underway, this historic mining district...Read More
The mega-cap stocks that dominate the US markets are just finishing another monster earnings season. It wasn't just profits that soared under Republicans' big corporate tax cuts, but sales surged too. That's no mean feat for massive mature companies, but sustained growth at this torrid pace is impossible. So peak-earnings fears continue to mount while valuations shoot even higher into dangerous bu...Read More
If you're a mining investor, you don't need a reminder about how rough it's been in recent years. Slumping resource prices and lackluster production have weighed heavily on the sector.But with the stock market continuing to soar, one could argue that these plays now provide a decent hedge against a downturn. If operations are improving, a few of them can even add massive upside to boot.Case in poi...Read More
Seeing a major world currency tumble is always a nerve-wracking experience for stock watchers, but it's been a while since one fell as far and as fast as Turkey's lira did last week. Stock markets around the world caught the wave, as Turkey's currency plummeted amid concerns that the country was headed for economic meltdown.In case you missed it, the lira has shed over 34% of its value to the U.S....Read More
It has been a tough few years for silver investors and miners. After rallying sharply in mid-2016 to break through the psychologically important US$20 an ounce barrier the white metal has continued to drift lower recently falling to US$15.31 per ounce which is its lowest price since April 2016.While some pundits believe that a rally is imminent, the overall outlook for silver remains poor for the...Read More
Exploring the Goliath's Copperhead Project in the Golden Triangle of northwestern British Columbia. Source: Goliath Resources Ltd.Goliath Resources Ltd. [GOT-TSXV] shares rallied strongly Monday August 13 after the company said it has discovered several new significant zones of widespread mineralization at its Lucky Strike Project in the prolific Golden Triangle region of northwestern British Colu...Read More
First Majestic's San Dimas Mine on the border of Durango and Sinaloa states, Mexico. Source: First Majestic Silver Corp.First Majestic Silver Corp. [FR-TSX; AG-NYSE; FMV-FSE] shares fell sharply Monday August 13 after the company reported a second quarter loss of US$40 million or 22 cents per share. Adjusted for one-time gains and costs, losses came in at 7 cents per share.The shares were down alm...Read More
As a writer and proponent of limited government, I find no right more important than the freedom of speech.But it's clear there is some broad confusion about the nature of this right.I hope to clear some of this confusion up with you today by looking at the two biggest myths about free speech. Let's begin with reading the words of the First Amendment:Congress shall make no law respecting an establ...Read More
Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (16,250.75, down 75.76 points)Aurora Cannabis Inc. (TSX:ACB). Health care. Down 17 cents, or 2.79 per cent, to $5.92 on 8.58 million shares.Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. down 17 cents, or 3.62 per cent, to $4.53 on 8.18 million shares.Canopy Growth Corp. (TSX:WEED). Hea...Read More
CALGARY - Ensign Energy Services Inc. has announced a takeover offer for Trinidad Drilling Ltd. in a transaction it valued at about $947 million, including debt.The oilfield services company is offering $1.68 per share in cash for each Trinidad share.It estimated Trinidad's outstanding net debt at $477 million as of June 30.Trinidad completed a strategic review on Aug. 1 during which it reviewed a...Read More
Altus Strategies Plc (AIM: ALS & TSXV: ALTS) is a diversified mineral exploration project generator focused on Africa. Through its subsidiaries, it discovers new projects and attracts third party capital to fund their growth, development and ultimately create exit optionality. This business model is designed to create a growing portfolio of well-managed and high-growth potential projects, diversif...Read More
It was 110 years ago this year that Colorado School of Mines students and faculty built a monument on Mount Zion, loading a supply train of burros and packing their way up.Now it's time for the next generation of Orediggers to make their own trek up the mountain, carrying 10-pound rocks from their hometowns to whitewash and add to the mountainside M.The 2018 M Climb will be held the morning of...Read More
The S&P/TSX Venture Composite Index fell 1% to end the trading week at 693.75. The index is now down 17% over the past six months.Shares of Aben Resources rose 117% to 38 ? after the company reported positive drill results from its flagship Forest Kerr gold project in British Columbia's Golden Triangle region. Assay results from the first drill hole of 2018 show four high-grade zones, the best one...Read More
The trading week began with U.S. President Donald Trump reimposing a number of sanctions on Iran - three months after he pulled the U.S. out of the Iran nuclear deal - and ended with his doubling of aluminium and steel tariffs on Turkey. The Dow Jones Industrial Average fell 0.59% to 25,313.14 and the S&P 500 Index lost 0.25% to finish at 2,833.28. Spot gold closed at US$1,211.20 per oz., down 0.1...Read More
U.S. President Donald Trump's decision to double tariffs on Turkish steel and aluminum roiled markets and prompted a further sell-off of Turkey's currency. The S&P/TSX Composite Index fell 0.57% to 16,326.51. Spot gold dropped US$2.10 per oz., or 0.17%, to finish at US$1,211.20 per oz., while the S&P/TSX Global Gold Index lost 2.26% to 175.70 and the S&P/TSX Global Base Metals Index decreased 1.71...Read More
Shares of First Majestic Silver (TSX: FR; NYSE: AG) were down 15% to $7.21 on the Toronto Stock Exchange at midday, after the company released second-quarter results showing an adjusted net loss of US$11.8 million ($0.07 per share).The company recorded an impairment charge of US$31.7 million due to the placement of its La Guitarra silver mine in Mexico on care and maintenance. The company noted on...Read More
McEwen Mining (TSX: MUX; NYSE: MUX) has closed a US$50 million senior secured 3-year term loan first announced in late May, with the funds earmarked for completion of construction at the company's new Gold Bar gold mine in Nevada, and for general purposes.Rob McEwen, McEwen Mining's chairman and self-described "chief owner" with 24% of the firm"s 337 million outstanding shares, is participating as...Read More
The Donlin gold project - one of the largest and highest grade undeveloped open-pit gold endowments in the world - has received a record of decision and federal permits, its co-owners Barrick Gold (TSX: ABX; NYSE: ABX) and NovaGold Resources (TSX: NG; NYSE-AM NG) say.The U.S. Army Corps of Engineers and the U.S. Bureau of Land Management have issued a single federal record of decision for the Alas...Read More
AngloGold Ashanti (NYSE: AU) has terminated the earn-in joint venture at Equinox Gold's (TSXV: EQX; US-OTC: EQXGF) Aurizona gold mine project in northeastern Brazil. Equinox now has a 100% interest in the project.AngloGold spent US$9 million on exploration activities at Aurizona since August 2016 - data which Equinox will now own. AngloGold also established relationships with local landholders, wh...Read More