New CEO shares his plans for the next yearRead full newsRead More
Mr. Guy Goulet reportsGENIUS PROPERTIES LTD. WILL RESUME TRADING ON THE CANADIAN SECURITIES EXCHANGE ON JUNE 7, 2018, PROVIDES UPDATE ON PROPOSED TRANSACTION, ANNOUNCES APPOINTMENT OF NEW CFO AND CLARIFIES INFORMATION PREVIOUSLY DISCLOSEDGenius Properties Ltd. has received the conditional approval of the Canadian Securities Exchange in connection with the proposed transaction with Cerro de Pasco R...Read More
Shares in Solgold plc (LON, TSX:SOLG) jumped at the open after the company released the latest set of drill results from its massive Cascabel copper-gold project in northern Ecuador. In Toronto on Wednesday, Solgold shares added as much as 8.5% from yesterday's close in higher than usual volume for a market capitalization of $714m before paring some of those gains.The latest in a string of resul...Read More
Five illegal gold miners in the Indonesian province of North Sulawesi died after the mine they were working in collapsed and buried them during heavy rain on Sunday afternoon, Indonesia's Disaster Mitigation Agency (BNPB) said.Read full newsRead More
Impala Platinum (JSE:IMP), the world's No. 2 producer of the metal, said on Wednesday it had resolved a long-standing legal dispute with Zimbabwe by agreeing to give up almost half of its mining land to the government.In exchange, the Zimbabwean government has given Zimplats two leases valid for the life of its operations. The South African miner, known as Implats, said that in exchange for relea...Read More
Five illegal gold miners in the Indonesian province of North Sulawesi died after the mine they were working in collapsed and buried them during heavy rain on Sunday afternoon, Indonesia's Disaster Mitigation Agency (BNPB) said.Read full newsRead More
Shares in London-listed Botswana Diamonds (LON:BOD) received a fresh shot in the arm on Wednesday after the miner said it had been granted rights to explore a piece of land close to the Venetia mine, operated by De Beers, which delivers around 40% of South Africa's annual diamond production.The miner believes past explorers "systematically under-estimated" the grade and diamond quality of the 2.5-...Read More
B2Gold Corp. (TSX:BTO) (NYSE AMERICAN:BTG) (NSX:B2G) (Read full newsRead More
State regulators gave the Canadian company the OK to excavate wetlands and possibly relocate any endangered species at the Upper Peninsula site.Read full newsRead More
Experts have long warned that bitcoin is not as private as it appears. The very design of bitcoin, as well as some other virtual currencies, can lend a surprisingRead full newsRead More
Five illegal gold miners in the Indonesian province of North Sulawesi died after the mine they were working in collapsed and buried them during heavy rain on Sunday afternoon, Indonesia's Disaster Mitigation Agency (BNPB) said.Read full newsRead More
Five illegal gold miners in the Indonesian province of North Sulawesi died after the mine they were working in collapsed and buried them during heavy rain on Sunday afternoon, Indonesia's Disaster Mitigation Agency (BNPB) said.Read full newsRead More
Gabriel Resources (TSX-V:GBU) will have to wait until late next year to find out whether Romania will have to pay it $4.4 billion in alleged losses related to the company's Rosia Montana gold and silver project, which the government of that country refused to approve following relentless protests.The miner said the suit, filed last year at a World Bank's tribunal, was met with a counter claim from...Read More
South African gold miner Harmony Gold raised just over 1.05 billion rand ($82 million) via the issue of new shares, it said on Wednesday, raking in cash to pay down debt used for an acquisition.Harmony took out loans to partly fund the $300 million acquisition of the Moab Khotsong mine earlier this year in a deal that the company said would significantly boost its operational cash flow.The com...Read More
Just hours after we warned that it was time to start worrying about China's debt default avalanche, and shortly after the PBOC lowered its credit quality restrictions for collateral, China offered its Medium-term Lending Facility (MLF) to inject CNY463bn (~$72bn) of liquidity.Read full newsRead More
Outflows of North American gold-backed exchange traded funds (ETFs) rose in May, as volatility in the gold market dragged prices lower, the World Gold Council said on Wednesday.The ETFs lost nearly 30 tonnes worth $1.2 billion, compared with inflows of 43.7 tonnes worth $1.9 billion in April, as the dollar in which gold is priced rose and prospects of higher U.S. interest rates made gold less attr...Read More
Angola, the world's fifth-largest diamond producer, is working on easing up its restrictive legislation over the industry in order to attract more foreign investment, up production and secure higher government revenue.The country has historically had in place limiting rules over diamond operations, including not allowing foreigners to hold a majority stake and a requirement to sell all precious s...Read More
Goldcorp Inc. (TSX:G)(NYSE:GG) is down 0.66% today to $18.07, which may have some folks eyeing the stock in light of its recent announcements. Meanwhile, Fortuna Silver Mines Inc. (TSX:FVI)(NYSE:FSM) is up 0.28% to $7.20, as silver stocks continue to oscillate. But like most silver stocks on the TSX, it's still fairly cheap.So, are these stocks a buy? Let's take a closer look.Can junior miners of...Read More
Canadian steel stocks took a beating after the White House announced that it would impose tariffs on steel imports of 25% on Canada and other key allies. This represented another stage in what has been a roller-coaster year for the industry. The Trump administration had originally exempted Canada from steel tariffs, but elected not to extend the exemption after NAFTA talks failed to net a deal in...Read More
'Buy high, sell low, repeat until broke' is an emotional investment strategy best left to lemmings. The MoneyLetter's behavioural finance columnist Ken Norquay says feeling emotions is okay: reacting to those emotions is not okay.Most of the time, our investment minds do what they have always done and think what they have always been thinking. But every once in a while some unexpected financial jo...Read More