Ontario is investing in the mining supply and services sector and creating jobs in the North by investing in 12 projects, helping to create 20 new full-time jobs.Through the Northern Ontario Heritage Fund Corporation, the province is investing in 12 mining supply and services companies across Northern Ontario including NorArc Steel in Earlton. The company will receive funding to design and build a...Read More
Mr. Darin Wagner reportsBALMORAL CONTINUES TO EXPAND BUG GOLD DEPOSIT AND NEARBY HORSEFLY ZONE DOWN PLUNGEBalmoral Resources Ltd.'s initial results from the winter 2018 drill program on the company's Martiniere property in Quebec have successful extended down plunge both the South zone of the Bug gold deposit and the proximal, near-surface Horsefly gold zone.Drill holes MDE-18-324 and 325 both int...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD REPORTS SOLID EARNINGS AND CASH FLOW IN FIRST QUARTER 2018, ANNOUNCES DIVIDEND INCREASEKirkland Lake Gold Ltd. has provided its financial and operating results for the first quarter of 2018. The company's full financial statements and management discussion and analysis are available on SEDAR and on the company's website. The company also announced today...Read More
Today marks the first day that Nova Scotia mining companies can apply for fuel tax rebates for fuel consumed at mines, quarries and pits."Getting the rebate is a tremendous win for Nova Scotia's mining industry and a clear indication of the government's support of our industry," said Sean Kirby, Executive Director of the Mining Association of Nova Scotia (MANS). "This policy change sends a signa...Read More
South African gold producers are expected to sing this week a settlement in a lawsuit over fatal lung disease and tuberculosis miners contracted while working for them, ending this way the country's largest ever class action against mining companies.Speaking to Reuters, lawyer Richard Spoor, who represents about half a million workers and their families, said the companies would sign the out-of-...Read More
Mr. Michael Allen reportsSTEP-OUT DRILLING BY NORTHERN EMPIRE DEMONSTRATES RESOURCE EXPANSION AND NEW DISCOVERY POTENTIALNorthern Empire Resources Corp. has released exploration results from drilling the Daisy and Secret Pass deposits. These are two of four deposits that the company controls and is actively exploring within the 100-per-cent-owned, 141-square-kilometre Sterling gold project in Nye...Read More
Beta Hunt Mine Gold Production Increases for Fourth Consecutive QuarterRead full newsRead More
Gold stocks are likely to ride on the back of improving industry fundamentals and put up a decent performance this quarter.Read full newsRead More
Vedanta Resources' Zinc International unit said it was exploring the feasibility of developing and constructing a smelter to process zinc mined from its flagship Gamsberg project in South Africa.The global mining conglomerate said in February it may accelerate expansion of its African zinc operations to take advantage of a surge in prices of the metal.Zinc prices have rallied to their highest sinc...Read More
Canada's StrikePoint Gold (TSX-V: SKP) (OTCQB: STKXF) said Wednesday it has agreed to buy fellow junior Skeena Resources' (TSX-V: SKE) historic Porter Idaho silver property located near Stewart, in British Columbia's prolific Golden Triangle.As part of the deal, Skeena will receive Cdn$1.75 million in cash plus another Cdn$1.75 million in StrikePoint common shares at a value of Cdn$0.225, based up...Read More
Mexico raked in $718 million in foreign investment in 2016 - up from $3 million in 2015. And no, we didn't leave out any numbers.Read full newsRead More
Sheahan Diamond Literature Reference CompilationThe Sheahan Diamond Literature Reference Compilation is compiled by Patricia Sheahan who publishes on a monthly basis a list of new scientific articles related to diamonds as well as media coverage and corporate announcements called the Sheahan Diamond Literature Service that is distributed as a free pdf to a list of followers. Pat has kindly agreed...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Tuesday was a poor 54-99-141. The TSX Venture Exchange fell eight points to 775 while polished diamond prices were flat. Bruce Counts's Lithoquest Diamonds Inc. (LDI) gained two cents to 53 cents...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange fell 8.17 points to 775.46 Tuesday. Randy Chou's shell graduate, Nubeva Technologies Ltd. (NBVA: $1.50), is selling $3-million (U.S.) worth of tokens in Singapore. The company has been trading for just under tw...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold fell $10.90 to $1,304.00 on Tuesday. The TSX Venture Exchange fell 8.17 points to 775.46 while the TSX Gold Index added 1.30 points to 189.46. Detour Gold Corp. (DGC), a $15 stock last week and a $9 one this week, fi...Read More
Gold has dipped sharply in recent days because of easing geopolitical tensions, subsiding fears of a trade war between the U.S. and China, and renewed optimism in the outlook for the global economy. The lustrous yellow metal has fallen by 3% since hitting a 2018 high of US$1,364.40 per ounce in late January to be trading at US$1,307 per ounce. While it may soften further, there are signs that gold...Read More
Examples of visible gold from Marathon Gold's Valentine Lake Project in Newfoundland. Source: Marathon Gold Corp.Marathon Gold Corp. [MOZ-TSX; MGDPF-OTC] has boosted gold ounces and grade at its 100%-owned Valentine Lake Project in Newfoundland.The resources were revised as part of a soon to be released preliminary economic assessment (PEA), expected in the second quarter of 2018. The new measured...Read More
Ackroo Inc. (TSXV:AKR), a marketing technology stock, climbed after announcing record first-quarter revenueSean Mason | May 2, 2018 | SmallCapPowerRecord revenue and a first-ever profit powered a marketing technology stock higher Wednesday. Here's some small stocks making big moves on Wednesday, May 2, 2018 (as of 4 pm EST):Ackroo Inc. (TSXV:AKR), a marketing technology stock, jumped 13% to $...Read More
Brio's Santa Luz Mine in Brazil. Source: Brio Gold Inc.Leagold Mining Corp. [LMC-TSX; LMCNF-OTCQX] on Wednesday announced that the following debt and equity financings have been arranged, subject to the completion of its acquisition of Brio Gold Inc. [BRIO-TSX].Leagold's existing $150 million senior secured credit facility has been amended to provide an additional $100 million tranche of funding....Read More
Rumours abound that Aurora Cannabis Inc. (TSX:ACB) is interested in acquiring Australia's Cann Group LimitedSmallCapPower | May 2, 2018: Aurora Cannabis Inc. (TSX:ACB) Monday responded to speculation that appeared in the Australian Financial Review (AFR) about a potential takeover of Cann Group Limited. Aurora Cannabis holds 22.9% stake in Cann Group, the first Australian company licensed to condu...Read More