A Chinese state-owned conglomerate will become Canada's Ivanhoe Mines' (TSX:IVN) biggest shareholder after billionaire Robert Friedland's company agreed to sell a 20% stake for about $560 million (Cdn$723m).Under the deal, CITIC Metal will also make a $100 million loan facility available to the Canadian listed company, which said it would use the proceeds to advance its projects in southern Afric...Read More
Resolute Mining (ASX:RSG) has signed a strategic framework deal with Swedish equipment and tool manufacturer Sandvik Mining (STO:SAND) to fully automate the company's Syama gold mine in Mali.Under the agreement, Sandvik will develop Resolute's underground operation around a fully automated production system by delivering some tested technology such as AutoMine (R) and OptiMine (R) systems for an...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. As last week began, the INK Canadian Insider Index held firmly above its second major support level at 1280 and charged higher while completing the second leg of a bullish 'W' shaped pattern. The Index rallied as high as 1310.58 intraday on Friday before closing at 1307.87 for a gain of...Read More
The market sentiment toward the precious metals is quite negative. Additionally, gold and silver are fighting both the ongoing official price-management, which seems to have intensified over the last 12 months, and the rising dollar. The rise in the dollar is technical in nature - certainly it's not based on U.S. systemic fundamentals. The current financial and economic environment, both here an...Read More
Vale's Voisey's Bay nickel-copper-cobalt mine in Newfoundland and Labrador. Source: Vale SA.Brazilian mining giant Vale SA [VALE-NYSE] is moving to capitalize on a buoyant nickel price by proceeding with development of an underground mine at its Voisey's Bay operation, Newfoundland and Labrador, Premier Dwight Ball said Monday June 11.Construction of the underground mine will proceed this summer,...Read More
Ignition of the detonating cord for the first blast marked the start of development of the twin declines to access the ultra-high-grade Kakula copper discovery on the Tier One Kamoa-Kakula Copper Project in the Democratic Republic of Congo. Source Ivanhoe Mines Ltd.Ivanhoe Mines Ltd. [IVN-TSX; IVPAF-OTC] said Monday June 11 that it has signed a long-term strategic co-operation and investment agree...Read More
Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (16,263.29, up 60.60 points)Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up four cents, or 0.82 per cent, to $4.92 on 7.5 million shares.Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 38 cents, or 4.09 per cent, to $8.92 on 6.6 million shares.Baytex Energy Corp. (TSX:BTE). Oil and...Read More
ST. JOHN'S, N.L. - Brazilian mining company Vale says it will proceed with construction of an underground mine at Voisey's Bay, N.L., extending operations by at least 15 years and creating 1,700 jobs.Construction is to begin this summer and take about five years."A great day for Newfoundland and Labrador and a great day for Vale," Newfoundland and Labrador Premier Dwight Ball said in St. John's.A...Read More
VANCOUVER - A Chinese company has signed a deal to acquire a 19.9 per cent stake in Ivanhoe Mines Ltd. for $723 million that the miner plans to use to fund the development of its projects in southern Africa.CITIC Metal Co. Ltd., a wholly owned subsidiary of Chinese state-run conglomerate CITIC Ltd., has agreed to acquire 196.6 million shares at a price of $3.68 per share.Under the deal, CITIC Meta...Read More
Gran Colombia Gold Corp. (TSX: GCM) is currently the largest underground gold and silver producer in Colombia with several underground mines in operation at its Segovia and Marmato properties. We learned from Mike Davies, who is the CFO of Gran Colombia that their focus is 100% in Colombia with the flagship Segovia project, delivering 86-90% of the company's production. We learned from Mr. Davies...Read More
June 11, 2018 (Investorideas.com Newswire) Bob Moriarty of 321 Gold discusses the status of this company's mineral resource.I've been fairly quiet on the Novo Resources Corp. (NVO:TSX.V; NSRPF:OTCQX) front for months in anticipation of assay results that will better define the project. I believe that I have pretty much understood the potential for gold in the Pilbara since Quinton Hennigh, Mark Cr...Read More
Burlington, Ontario - June 11, 2018 (Newsfile Corp.) (Investorideas.com Newswire) CBLT Inc. (TSXV: CBLT) ("CBLT") announces it has closed the sale of two of its non-core Ontario cobalt assets to International Cobalt Resources Limited ("ICR"), an Australian private company. Management of ICR has advised CBLT that it intends to immediately take the necessary steps to list its shares on the Australia...Read More
Toronto, Ontario - June 11, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Appia Energy Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I) (FSE: A0I.F) (FSE: A0I.MU) (FSE: A0I.BE) (the "Company" or "Appia") is pleased to announce that a field exploration crew has mobilized to the Alces Lake property (the "Property"), northern Saskatchewan, for the summer 2018 exploration program (the "Program"). The P...Read More
Montreal, Quebec - June 11, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to report additional drill results from the Nika and NW Zones located in the northwestern portion of the current Resource Area.In the Nika Zone area, hole DO-18-227 cut 5m of 2.32 g/t Au from 101m downhole (estimated v...Read More
The worst possible thing that can happen to gold has happened...Gold has become boring.Very few investors are excited about the yellow metal right now - and even fewer are buying.Google Trends shows the search term "buy gold" at a 10-year low. Meanwhile, the U.S. Mint reports sales of American Gold Eagles at a multi-year low.What has happened to sales? Why has gold become boring?Many analysts poin...Read More
08 Jun '18 Johannesburg, Friday, 8 June 2018. Harmony Gold Mining Company Limited ('Harmony' and/or 'the Company') regrets to advise that one of its employees was fatally injured in a fall of ground incident at its Bambanani mine in the Free State this morning and has tragically succumbed to his injuries. An investigation into the accident is underway. [...]This is an abst...Read More
June 8 (Reuters) - Real Gold Mining Ltd: * ZHANG YANCHUN TENDERED HIS RESIGNATION AS AN EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER Source text for Eikon: Further company coverage:Read full newsRead More
CARSON CITY - Gold production in Nevada increased more than 3 percent in 2017 compared to last year while gold prices were up slightly, according to reports released in MayRead full newsRead More
The main buyer of electricity from an Arizona coal plant on the verge of closure said on Friday it will instead source its electricity largely from a solar power project, ignoring an appeal by the U.S. Interior Department to buy more power from the plant to keep it open.The Trump administration has been waging a broad effort to keep aging coal and nuclear plants from retirement, arguing that their...Read More