John Thornton is taking a page from the late Peter Munk's playbook in recognizing the value of copper in Barrick Gold Corp.'s portfolio. But, he made clear to the gold miner's employees this week, he also intends to avoid the founder's mistakes.Read full newsRead More
(Bloomberg) - A Canadian mining company can seize the shares of the owner of Citgo Petroleum Corp. to satisfy a $1.2 billion arbitration award over a Venezuelan gold mine.The ruling in favor of Crystallex International Corp. may prompt other Venezuelan creditors to scurry to file claims on Citgo. The company is one of the most attractive assets investors could try to seize as the South American na...Read More
Pacton Gold Inc. announced that it has entered into a binding letter of intent (Read full newsRead More
Long before having children of my own, I asked an author and father how long he thought it might take me to return to writing after giving birth. Two weeks, he said. "Maybe a month, if you're nursing." I held onto that assertion throughout my pregnancy, but then - like many of my best laid plans - it went awry. His situation was not mine, after all; I had two babies at once, and I was the one atte...Read More
The company aims to be producing 500,000 ounces of gold per annum in FY21.Read full newsRead More
In exhibition games, 49ers players you haven't seen much before often look like stars. They are almost never stars. #KSWOFRead full newsRead More
VANCOUVER, British Columbia, Aug.07, 2018(GLOBE NEWSWIRE) -- Condor Gold (AIM: CNR; OTCQX: CNFGF; TSX: COG) is pleased to announce that it has received ...Read full newsRead More
While the Canadian unemployment rate dropped to a four-decade low at 5.8% in July, the resource sector actually gave up jobs during the same month says Statistics Canada in its Labour Force Survey released today. Employment rose by 54,000 last month driven by gains in part-time work. Employment rose in a number of services-producing industries: educational services; health care and social assistan...Read More
The Graphmada Large Flake Graphite Mine in eastern Madagascar is processing 500 tonnes per month, says owner Bass Metals in a news statement released Wednesday. The plant reached and sustained 25 tonnes per hour feed rate at an average head grade of 4.5% total graphitic carbon, achieving the processing plant's nameplate production. The company says concentrates produced are at 94% fixed carbon. Ba...Read More
Fitch Solutions Macro Research just published an update to a previous study looking at the global bauxite market. In the most recent version of the document, the firm states that bauxite production growth will remain high over the coming years, as new projects come online in Australia, Indonesia expands exports, India's production ramps up, and existing projects in Guinea drive growth.According to...Read More
Newfoundland's Moosehead Gold District, located in the north-central part of the Canadian province, made headlines this week as different miners announced the acquisition of a number of projects in the area.First, management at Ontario-based RJK Explorations (TSX-V: RJX.A) said that it has agreed to acquire the Moosehead Gold District Project from an unnamed private company. The project consists o...Read More
Fitch Solutions Macro Research just published an update to a previous study looking at the global bauxite market. In the most recent version of the document, the firm states that bauxite production growth will remain high over the coming years, as new projects come online in Australia, Indonesia expands exports, India's production ramps up, and existing projects in Guinea drive growth.According to...Read More
Newfoundland's Moosehead Gold District, located in the north-central part of the Canadian province, made headlines this week as different miners announced the acquisition of a number of projects in the area.First, management at Ontario-based RJK Explorations (TSX-V: RJX.A) said that it has agreed to acquire the Moosehead Gold District Project from an unnamed private company. The project consists o...Read More
"Nevsun has told shareholders Lundin's hostile offer of C$4.75/share (lower than the current SP) still doesn't cut it: https://t.co/PStkh78ucJ #TSX #copper #Timok"Read full newsRead More
Pretium Resources (TSE:PVG) produced 111,340 ounces of gold and generated revenue of $146.5 million during its second quarter, which was announced yesterday.The company is up 18.5% today to $12.04 a share.The company said all-in-sustaining costs per ounce of gold was $648. Mill feed grade averaged 14.9 grams per tonne gold for the quarter with gold recoveries averaging 97.7%.Pretium is an intermed...Read More
The current bull market is now in its ninth year. Although earnings continue to shine, and I don't expect a correction any time soon, cracks are beginning to show. Amid this bull run, growth investing has dominated portfolio returns.Value investing, which was once the dominant strategy, has underperformed, posting lower-than-average returns. It's easy to understand why. Value has largely been igno...Read More
Perhaps the most baffling aspect of the Elon Musk "Funding Secured" tweet is the number of financial media outlets and so-called "analysts" that are taking it seriously. The idea is a complete joke. Any valuation in excess of potential asset value minus the debt and other liabilities (included in "liabilities" will soon be a flood of lawsuits). Some bucket-shop stock analysts issued reports explai...Read More
Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (16,326.51, down 90.47 points)Osisko Mining Inc. (TSX:OSK). Miner. Down 12 cents, or 5.69 per cent, to $1.99 on 18.85 million shares.Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down three cents, or 0.63 per cent, to $4.70 on 18 million shares.Aurora Cannabis Inc. (TSX:ACB). Healthcare...Read More
CARACAS, Venezuela - A Canadian gold mining company on Thursday won the right to go after Venezuela's prized U.S.-based oil refineries and collect $1.4 billion it lost in a decade-old take-over by the late socialist President Hugo Chavez.Chief Judge Leonard P. Stark of the U.S. Federal District Court in Delaware made the ruling in favourof Crystallex, striking a blow to crisis-wracked Venezuela,...Read More