If you've been around the resource space for any amount of time you've likely heard that all the easy gold deposits have been found.While mid-tiers and majors have decimated exploration budgets after years of misallocating shareholder capital, one company has been quietly putting together district-scale land packages in the middle of a modern-day gold rush.The Palamina (TSX-V: PA)(OTC: PLMNF) stor...Read More
South Korean steelmaker POSCO on Saturday selected Choi Jeong-woo, the head of affiliate Posco ChemTech, as its final candidate to lead the company.Choi still needed to win approval at an extraordinary shareholders' meeting on July 27, the company said.In April, the company said Kwon Oh-jun was stepping down from the chief executive position.POSCO was privatised in 2000, but chief executives have...Read More
Sumitomo's move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.Read full newsRead More
Sumitomo's move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.Read full newsRead More
The death rattle of the industry that once symbolized South Africa can be heard in the town of Carletonville-on Gold Street.That's where Paseka Selemela has been guarding cars since 2010, when the scaffolding business he worked for closed. Prior to that, he was an assistant at a now-shuttered mine owned by AngloGold Ashanti. Nor has he found work in other gold mines around the town, home to the wo...Read More
GHANA gave comfort to at least three gold mining firms operating in its borders by agreeing to the redevelopment of the Obuasi gold mine by AngloGold Ashanti, and also approving a joint venture between Gold Fields and Asanko Gold Mines (AGM). "This is an important milestone that follows extensive negotiations and debate," said AngloGold AshantiRead full newsRead More
Miners area are teaming up to develop one of Ghana's newest gold mine, the Asanko Gold Mine (AGM), located in the Ashanti Region.Read full newsRead More
Flush with cash and armed with a knack for spotting mines producing below their potential, SSR Mining Inc. is on the hunt for more assets.Read full newsRead More
Sumitomo's move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.Read full newsRead More
Sumitomo's move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.Read full newsRead More
A week ago Friday, the metals got clocked hard. It was a drive-by "paper gold" shooting on the Comex which took place after most of the rest of the world had gone home for the weekend. On Monday, the Hulbert Gold Stock Newsletter Index fell to zero. On Tuesday it dropped to negative 2.7. The HGNSI is an index that measures newsletters which make trading recommendations on mining stocks. A negative...Read More
After an artificial pause in 2017, US government debt has resumed its inexorable climb……the dollar has fallen by around 5%… … and inflation - even the massaged-beyond-recognition Consumer Price Index (CPI) - has shifted to a higher gear, driven by rising oil. All of which should be great for gold, right? Well, not so much. It's almost exactly unchanged from last June:Gold'...Read More
Miners area are teaming up to develop one of Ghana's newest gold mine, the Asanko Gold Mine (AGM), located in the Ashanti Region.Read full newsRead More
These two gold stocks have been pretty evenly matched in the last three- and five-year periods. How will they do going forward?Read full newsRead More
Flush with cash and armed with a knack for spotting mines producing below their potential, SSR Mining Inc. is on the hunt for more assets.Read full newsRead More
Sumitomo's move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.Read full newsRead More
June 21 (Reuters) - Chifeng Jilong Gold Mining Co Ltd : * SAYS IT SIGNS AGREEMENT WITH ALBUM INVESTMENT PRIVATE LTD TO BUY MMG LAOS HOLDINGS LTD IN ORDER TO OWN MAJORITY STAKE IN LANE XANG MINERALS LTD ...Read full newsRead More
Osino Resources Corp. is a soon-to-be public Canadian company, developing large and prospective gold concessions, in the emerging Namibian Pan-African gold belt, with the vision of finding Namibia's next significant gold deposit. Osino expects to start trading on the TSX-V by around 28 June, under the symbol OSI. Osino holds a prospective, 5,700km2 portfolio including the Goldkuppe discovery and a...Read More
Once Again, I had the pleasure of speaking with Rick Rule,President and CEO of Sprott US Holdings Inc. He is one of my favorite people tointerview, as his wit and intellect are only exceeded by his experience andknowledge of natural resource investment strategies. Rick is a highlyexperienced investor and speculator, focusing on public and private issuers innatural resource industries. He has perso...Read More
As we come into the end of the quarter, institutions are sizing up what's on the horizon. Stocks on Thursday fell sharply, especially the energy stocks, going into Friday's OPEC announcement.This sent the energy sector into a tailspin on Thursday ahead of the announcement and, in turn, caused the Dow 30 to break its minor support at the 50-day moving averages - now falling to test its 200-day mov...Read More