Canadian bullion producer IAMGOLD Corp. (TSX IMG), (NYSE: IAG) is selling a 30% interest in its C??t?(C) Gold project, located in the Abitibi gold belt in Ontario, to Japan's Sumitomo Metal Mining in a deal worth $195 million.As part of the transaction, the Japanese miner - the Asian nation's No. 1 gold producer - will become IAMGOLD's partner in the project, which is currently in its pre-feas...Read More
All monetary amounts are expressed in U.S. dollars, unless otherwise indicated.TORONTO, June 5, 2017 /CNW/ - IAMGOLD Corporation ("IAMGOLD" or the "Company") today announced that it has entered into an Investment Agreement with Sumitomo Metal Mining Co., Ltd., a Tokyo, Japan-based mining company and a global leader in the development and mining of non-ferrous metals, and a wholly-owned subsidiary...Read More
China Shenhua rose on the back of media reporting noting the company is engaged in talks with fellow energy giant, GD Power (CH:600795) to merge some its existing assets in a move to capitalise on China's burgeoning energy demand. Grupo Mexico (BMV:GMEXICOB) was the worst performing miner as copper's mixed performance did little to provide investors with a sense of optimism for the near term.The...Read More
Investors who want an equity portfolio that approximates the Toronto Stock Exchange will hold about a third of their portfolio in resource stocks. The further breakdown is: materials stocks (includes gold, metals, forestry and other sub-sectors)-12 per cent; and energy stocks-21 per cent. Here are two specialty equity mutual funds that concentrate in the resource sector.RBC Global Precious Metals...Read More
Bolton, Ontario - Titanium Transportation Group Inc. (TSX-V:TTR) ("Titanium" or the "Company") announced today its intention to implement a share purchase plan (the "Plan") for eligible employees and Titanium's eligible truck owner operators (collectively, "Participants") pending shareholder approval at the Company's upcoming Annual and Special Meeting on June 13, 2017. The Plan will allow Part...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQB: SYATF) (the "Company" or "Siyata") is pleased to announce it has commenced PTCRB certification for its Uniden (R) UV350 4G/LTE in-vehicle connected cellular device which includes approval for the United States FirstNet Network "Band 14".The Uniden (R) UV350 4G/LTE is the world's first and only in-vehicle connected cellular device wit...Read More
Last month, I wrote an article for MiningFeeds that suggested that Renova Group, the diversified business conglomerate run by bullish billionaire businessman Viktor Vekselberg, was gearing up for a run at the London Stock Exchange. This week, an article in Russia's leading financial newspaper, Kommersant, confirms this is precisely what's going on.In mining, it's always a nice surprise when predic...Read More
The Bouboulou gold concession, Burkina Faso, West Africa. Source: Nexus Gold Corp.Nexus Gold Corp. [NXS-TSXV; NXXGF-OTC; N6E-FSE: N6E] has received geochemical results from initial sampling program at the Bouboulou gold concession, Burkina Faso, West Africa. The sampling program targeted new areas of interest at the Koala Zone, and west of the Rawema Zone, in preparation of the upcoming Bouboulou...Read More
Is Qatar about to become another riot-ridden Venezuela?Seems likely now that the country's lost its one and only land border to political skirmishes.Saudi Arabia, the country's only neighbor not separated by water, shut down the border this week, claiming Qatar's actions are "destabilizing the region."Around the same time, the UAE, Bahrain, Yemen, and Egypt also cut ties. This leaves the country w...Read More
Well, it happened.Last week, shareholders of ExxonMobil (NYSE: XOM) approved a proposal that, according to Reuters, calls for the company to disclose the impact of compliance with global climate change guidelines on its business.Over the past few years, climate change activists have exercised a number of different options in an effort to get corporate polluters to face up to the burdens they place...Read More
Vancouver, British Columbia - June 6, 2017 (Newsfile Corp.) (Investorideas.com Newswire) OSPREY GOLD DEVELOPMENT LTD. (TSXV: OS) (the "Company" or "Osprey") is pleased to announce it has located and acquired an extensive package of digitized historical data encompassing all four our its current Nova Scotia property assets, namely the Goldenville Gold Project, Lower Seal Harbour Project, Gold Lake...Read More
June 6, 2017 (Investorideas.com Newswire) Silver bull Lior Gantz, editor of Wealth Research Group, discusses why he places silver at the top of his natural resource rankings.I'm a silver bull. It's the one asset class that has gone from bad to worse to nonexistent for most investors, and this is why Wealth Research Group places it at the top of our natural resource rankings.How did this precious m...Read More
June 6, 2017 (Investorideas.com Newswire) A bull market is incubating in the precious metals section, and technical analyst Clive Maund has charted trends that investors should be watching.We "went walkabout" over the past several years, largely deserting the precious metals sector for other greener pastures, because it has been performing so poorly, apart from a dramatic flurry during the first h...Read More
Driven by Credit The jobs report was disappointing. The prices of gold, and even more so silver, took off. In three hours, they gained $18 and 39 cents. Before we try to read into the connection, it is worth pausing to consider how another market responded. We don't often discuss the stock market (and we have not been calling for an imminent stock market collapse as many others have). NYSE margin...Read More
Banks are supposed to be the epitome of secure. You can put your money in their vaults, and forget about it. Don’t worry everything will be fine. And even if the bank goes under, the federal government insures deposits of up to $250,000.But that won’t help if the government is the thief. The United States government can freeze your bank accounts for basically no reason, without due pro...Read More
Banks are supposed to be the epitome of secure. You can put your money in their vaults, and forget about it. Don’t worry everything will be fine. And even if the bank goes under, the federal government insures deposits of up to $250,000.But that won’t help if the government is the thief. The United States government can freeze your bank accounts for basically no reason, without due pro...Read More
China's Gold Imports Seen Jumping 50% as Haven Demand Boomsby Ranjeetha PakiamMore stories by Ranjeetha PakiamRead More