This week's episode features an in-depth look at the top 10 mining companies by market capitalization. We examine the stock prices, charts, P/E ratios and dividends, and speculate on the large divergences between company valuations. We also take a look at this week's big stories and the latest metal prices.Read the full article on the Top 50 mining companies by market cap here: https://www.mining....Read More
Shares of Libero Copper & Gold (TSXV: LBC; US-OTC: LBCMF) reached their highest price in five years as the company released partial assay results from its first diamond drill hole at the Mocoa porphyry copper deposit in Putumayo, Colombia, since acquiring it in 2018. Highlights from drill hole MD-043 included 30.6 metres grading 1.3% copper starting from 265.31 metres depth and 28.5 metres gradin...Read More
Canterra Minerals (TSXV: CTM; OTC: CTMCF) has received results of a 4,200-metre diamond drill program completed in December 2021 at its wholly owned Wilding gold project. An additional 4,000-metre campaign has since begun and is still underway.A total of 19 holes were drilled as part of the 2021 fall program, targeting the expansion of known gold mineralization in several zones, including Red Ochr...Read More
Mexico's lower house of Congress has passed an amendment to mining legislation that paves the way for the state to nationalize the country's lithium reserves.President Andr?(C)s Manuel L??pez Obrador's (AMLO) proposal was part of a constitutional energy overhaul rejected by lawmakers on Sunday. The amendment sought to tighten control of energy production by guaranteeing state-owned utility Comisi...Read More
The dollar price of gold is up about 2.7% in the past month, 8.4% in the past three months and 14% in the past year. That's not only a strong performance, but good evidence that the long 16-month dry spell from Oct. 1, 2020-Feb. 1, 2022, when gold traded in a range between $1,700 per ounce and $1,900 per ounce with very few exceptions, is also over.Gold has moved to higher ground in the $1,900-2,0...Read More
(IDEX Online) - Mountain Province reported a 15 per cent drop in production as it processed lower grade ore.But the Canadian miner said the discovery of kimberlite at its Gahcho Ku?? (C) mine (pictured) in a remote part of Northwestern Territories provided "significant opportunities for additional diamonds to be discovered".It recovered 1,185,156 carats in the first quarter of 2022, according to i...Read More
(IDEX Online) - African diamond miners are expected to reap the benefits of sanctions against Russia over its invasion of Ukraine.The US has outlawed trade with Alrosa and blocked the company from its banking system, though it has not imposed restrictions on Russian diamonds that are cut and polished elsewhere."Many diamond industry participants from cutters to polishers, traders, wholesalers will...Read More
Mountain Province Diamonds (TSX: MPVD, US-OTC: MPVD) has reported a 15% year-on-year decrease in first quarter production at its 49%-owned Gahcho Ku?(C) diamond mine, located in the Northwest Territories. While tonnage was up - the operation mined 1 million tonnes of ore in the most recent quarter, a 98% increase compared to last year's 515,000 tonnes - grades were down 25% year-on-year at 1.68...Read More
Solaris Resources (TSX: SLS; US-OTC: SLSSF) has posted an updated resource estimate for the Warintza Central deposit at its Warintza copper project in southeastern Ecuador that has expanded inferred tonnage by seven times, includes a first-ever indicated resource, and has also outlined a potential starter pit. The property now has indicated resources of 579 million tonnes grading 0.47% copper,...Read More
Nevada King Gold (TSXV: NKG; OTC: NKGFF) is increasing its previously announced $6.8-million non-brokered private placement to $11.3 million through the issuance of 25 million common shares priced at 45 ? each.The lead order will come from the company's CEO, Collin Kettell, who intends to subscribe for 10 million shares for a total of $4.5 million. Participation by management and insiders is expe...Read More
Lomiko Metals (TSXV: LMR; US-OTC: LMRMF) has ambitions to become a billion-dollar company, says Gordana Slepcev, the company's chief operating officer.The Canadian junior is exploring for graphite and lithium - critical materials needed for the global transition to a greener energy future. Both graphite and lithium are used in the lithium-ion batteries in electric vehicles (EVs) and are essential...Read More
Peru's Ministry of Environment and the southern Espinar province set up a dialogue process with the goal of finding solutions to the social and environmental problems locals say mining operations are causing in the area.In detail, the vice-minister of environment, Elizabeth Silvestre, met with the representatives from 11 farming communities that want to be included among those directly affected by...Read More
Upon closing, Nevada King will have working capital in excess of $23-million as it plans to exploration its land holdings along the Battle Mountain-Cortez Trend in Nevada with active exploration andRead More
Recent drill results have increased the Rangefront area to at least 500m by 1km with shallower mineralisation than at Black Pine, which hosts an oxide resource of 2.15 million ounces, and high-grade.Read More
By sending the bill, the president made good on his threat to do so if Congress rejected his planned reform of the electricity generation sector, which Congress duly did Sunday night.Read More
Today is an evil day. That is, today is Tax Day...The date by which Americans must appear before the Internal Revenue Service... and empty their pockets upon the counting table... under penalty of law.Salaried income, bonus payments, investment hauls, poker winnings, bingo jackpots, lemonade stand killings, cash gratuities and more - all must come pouring out.And if the tax man suspects you are wi...Read More
Solaris said the resource includes a starter pit comprised of 180Mt of indicated resources grading 0.82% CuEq and 107Mt of inferred resources grading 0.73% CuEq at a 0.Read More
Dear Outsider,I hope you had a happy and healthy Easter Sunday.Last year, I made a bold prediction that homegrown biofuels would make a comeback, specifically hemp-based biodiesel.We're one step closer to that reality, as the Biden administration just issued a statement allowing gas stations to sell E15 gasoline this summer, which uses a 15% mix of ethanol. It's an effort by the White House to off...Read More
(IDEX Online) - Chow Tai Fook reported a significant slowdown in growth of its retails sales, as the resurgence of Covid across China took its toll.The country's biggest jeweler, with almost 6,000 outlets, said RSV (retail sales value) grew by 8.5 per cent in the quarter ending 31 March - compared to 31.1 per cent in the previous three months."During the fourth quarter, both Mainland China an...Read More
(IDEX Online) - The world's biggest rough ruby - weighing 8,400 carats - could sell for up to $120m.The 2.8kg stone, known as the Burj Alhamal, was recovered in the village of Winza, central Tanzania, where rubies were first discovered in 2007.It is owned by the mineral and metal asset management company SJ Gold & Diamond and went on display on Friday in Dubai at the Waldorf Astoria Dubai...Read More