More than 50 people were feared to have been killed in Myanmar when jade miners and machinery were buried under a mound of tailings late on Monday, a member of parliament and a rescue worker said.Three bodies had been pulled from the debris, Tin Soe, a lawmaker representing the jade-rich Hpakant area of Kachin state in the north, said on Tuesday.Deadly landslides and other accidents are common in...Read More
Toronto-based Noront Resources, 85% owner of the McFaulds volcanogenic massive sulphide property in the Ring of Fire, has completed a 2,059-metre copper-zinc focused program at the No.8 deposit. (KWG Resources holds the other 15% of the project.)Hole MCF-19-102 did not intersect massive sulphide, but returned a very respectable 20.0 metres grading 2.0% copper and 0.1% zinc within a zone of abundan...Read More
Miners in Ontario are getting together and challenging each other in a series of events to honour the victims of the Hollinger Mine fire that claimed the lives of 39 miners in Timmins in 1928.At the 2019 Ontario Mine Rescue competition, workers from 20 mines in the eastern Canadian province will test their emergency response knowledge, firefighting skills, first aid response, use of emergency equi...Read More
BMO Capital Markets has initiated coverage of Probe Metals (TSXV: PRB) with an outperform rating and a C$2.00 target price-double its current share price of C$0.98.By Tuesday afternoon, the Canadian miner's stock was up 7.37% on the TSX, trading at C$1.02. The company has a C$112.8 million market capitalization.The junior explorer's 100%-owned Val d'Or East project "is one of the higher quality Ca...Read More
Sandvik will deliver AutoMine and OptiMine solutions to Codelco's Chuquicamata mine in Chile, creating one of the most efficient and advanced underground mines in the world.Codelco is converting its Chuquicamata mine from open cast to an underground mine as part of a 10-year strategic project to prolong its existing mines. Operations are due to start in 2019.Sandvik will deliver a highly-advanced...Read More
Canadian miner Teck Resources Ltd , the world's second-biggest exporter of steelmaking coal, reported a better-than-expected quarterly profit on Monday, boosted by its energy business and a slight increase in commodity prices.The miner said even though commodity prices were lower than a year ago, prices rose during the first quarter and closed higher than prices at Dec. 31, 2018.The profit beat co...Read More
Texas lawmakers created a new storage option for miners when they signed off on building America's first state-backed gold depository in 2015.The Texas Bullion Depository, currently under construction and with the capacity to house physical gold valued in excess of $100 billion will be the most secure facility outside of Fort Knox, will have the full protection of the state of Texas, and is insure...Read More
Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Russia, is pleased to announce that the Federal Agency for Subsoil Use (Rosnedra) has issued a licence to ZAO Trevozhnoye Zarevo (TZ), TSG's wholly owned subsidiary, for the development and exploration of the Rodnikova deposit, one of the largest gold fields in South Kamchatka, for a tenure of 20 years. Highlights:20 year li...Read More
The great euphoria emanating from these near-record-high stock markets is breathtaking. Traders are again convinced stocks do nothing but rally indefinitely. That everything-is-awesome mindset has stunted gold's latest upleg, since there's no perceived need for prudently diversifying stock-heavy portfolios. But that psychology can change fast, as we saw a half-year ago. Gold investment roa...Read More
Warren Buffett has long championed a buy-and-hold investing strategy. "If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes," he has repeatedly said.Finding quality stocks worth holding for a decade or more can be difficult, but these opportunities do exist. Sometimes, the company has a proven history of execution that you can trust. Other times it ope...Read More
Cameco Corp (TSX:CCO)(NYSE:CCJ) is planning to release its first-quarter results on May 1. The stock has been struggling to generate any momentum as the share price has been stuck in a range this year, up just 2% since the start of 2019. However, that could all end if Cameco comes out with a strong quarter next week, and there’s reason to believe it could be a good one. Let’s take a...Read More
First Vanadium (TSXV: FVAN) has extended its Carlin vanadium deposit in Nevada by 300 metres, or 15%, to the south with newly acquired historical data. The strike length of the deposit now totals more than 2.1 kilometres.The Carlin project is considered the largest, highest grade primary vanadium deposit in North America.Two historical holes and trenches completed by the property's previous owner,...Read More
Methanol, potash, wood, gold, and copper — they may seem unrelated at a glance, but these are five of the best materials to get invested in for capital gains, plus some tasty dividends.West Fraser Timber (TSX:WFT)Up 1.5% in the last five days at the time of writing, West Fraser Timber continues to impress with solid stats: from a strong track record typified by one- and five-year past earnin...Read More
BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation.The document, published this week by Canada-based Global Mining Guidelines Group (GMG), outlines a framework for miners to follow when considering adding autonomous equipment to their operations. It a...Read More
Publisher's Note: Today we bring you the latest Interim Wealth Bulletin, a supplemental service for The Dines Letter.Read on for Mr. James Dines' latest market analysis and a discussion on what sectors of the market will drive gains for investors going forward.To your wealth,Nick HodgePublisher, Outsider ClubPresident Trump is singlehandedly boosting the economy's prospects, for example by urgin...Read More
Frontier Lithium Inc. has entered into a strategic partnership agreement with XPS Expert Process Solutions (a Glencore company) and Dr. Ahmad Ghahreman, a Queen's University professor, to develop a process to refine spodumene concentrate into lithium hydroxide. The partnership reflects Frontier's commitment to lay the foundation for a regional, vertically integrated battery ecosystem energizing On...Read More
Apr 24, 2019 Guest(s): Sylvia Carrasco CEO, Founder, Goldex Technologies Retail gold investors have been staying on the sidelines, favoring equities markets still, while they set aside the possibility of a recession, said Sylvia Carrasco, CEO and founder of Goldex Technologies. "If you look at the recent retail investment sentiment, since March, it has gone up. Why, because stocks are now going...Read More
Montreal-based Osisko Metals has received assay results from 127 drill holes in the M-40 area within the East Mill zone at the Pine Point mining camp 65 km east of Hay River. The results are promising and they will help convert near surface, historical drill results into an upgraded 43-101 resource estimate.All intersections were within a flat lying, tabular deposit and none were deeper than 60 me...Read More
Toronto-based Maritime Resources Corp. has begun infill drilling at its Hammerdown gold project 15 km northwest of Springdale. About 3,000 metres of drilling is planned in 19 holes designed to convert inferred to measured and indicated resources. The pre-feasibility study is to be updated late this year.Maritime is also planning a 2,000-metre drill program and geophysical survey to test the depth...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Stocks ended lower Wednesday, a day after the S&P 500 and the Nasdaq set closing record highs. Boeing (BA - Get Report) missed first-quarter earnings expectations and pulled its earnings guidance in light of the troubled 737 MAX aircraft. AT&T (T - Get Report) posted first-quarter earnings that were mostly in-line wi...Read More