Desert Gold Ventures Inc. (TSXV:DAU, OTC:DAUGF, FKFT:QXR2.F)(Read full newsRead More
"Frederick Private Equity Corporation Signs Agreement with African Metals Corporation to Fund & Accelerate Exploration on Peloton's Silver Bell - St. Lawrence Gold Project, Montana @pelotonminerals https://t.co/HvcP9Ktvw0"Read full newsRead More
Privately held industrial conglomerate GFG Alliance said on Wednesday it would spend up to A$100 million ($70.5 million) to get a controlling interest in a copper and iron ore developer to provide materials for its Australian copper and steel business.GFG is building up a South Australian franchise to its global steel and energy business after its purchase of the Whyalla Steelworks and an energy c...Read More
GoldON Resources (TSX-V: GLD) announced this week it wants to earn an initial 60% interest and a subsequent 100% interest in Great Bear Resources' (TSX-V: GBR) West Madsen gold property in Ontario.To pursue its initial goal, GoldON has entered into a binding Letter of Intent with Great Bear. The document stipulates that GoldON has to invest at least $1.2 million in exploration on the property over...Read More
Mexican President Andres Manuel Lopez Obrador pledged on Wednesday to recover the more than 60 remaining bodies of miners killed in a massive coal shaft explosion in 2006, a mission he described as a humanitarian promise made to victims' families.The announcement came on Mexico's Labor Day holiday, and Lopez Obrador said he did not expect the company that operated the mine to oppose him."This is a...Read More
The gold industry is likely to see an increase in buyout deals in the near future as miners fight to attract a shrinking pool of investment capital, the chief executive of Canada's Iamgold Corp said on Wednesday.The industry's buyout frenzy was sparked earlier this year when Barrick Gold Corp and Newmont bought Randgold Resources and Goldcorp, respectively, deals that created the world's two large...Read More
Ivanhoe Mines Ltd said on Wednesday its chief executive officer, Lars-Eric Johansson, would retire at the end of June after 12 years at the helm.Johansson, who held the position since May 2007, has led the company through its initial public offering in 2012 and was a part of the company's major transformation to become a producer of copper, zinc and nickel.The Canadian miner also said it appointed...Read More
Australian lithium miner Kidman Resources Ltd said on Thursday it received a takeover offer from conglomerate Wesfarmers Ltd in a deal valued at about A$776 million ($544 million).The offer of A$1.90 per share represents a premium of 47.3 percent to Kidman's last closing price.Kidman said its board decided that the proposal was in the best interests of shareholders and would engage further with We...Read More
Ivanhoe Mines has appointed Tony Giardini as its new president, effective immediately. Giardini was most recently the executive vice president and CFO of Toronto-based Kinross Gold, a position which he held since December 2012.Tony Giardini, new president of Ivanhoe Mines. Image courtesy of Kinross Gold's Facebook page.Before joining Kinross, Giardini served as senior vice president and CFO at Ca...Read More
Ottawa-based Northern Shield Resources is hot on the trail of epithermal gold at the Shot Rock property near Antigonish. The company can earn up to an 80% interest in the property.Prospecting at Shot Rock has found a second epithermal system within the Highway zone. Geologists have collected surface samples with textures and mineralogy consistent with low sulphidation epithermal gold systems. They...Read More
Ridgestone Mining (TSXV: RMI) issued a review of results from exploration on its Rebeico gold-copper project in Sonora, Mexico, and reported that two styles of mineralization were recognized at the site, both containing copper, gold and silver.In a press release, Ridgestone said the mineralization was identified at the over 1 kilometre-long north-south trending Alaska vein, and at the intensely al...Read More
Australia's Queensland Government has approved Yancoal Australia's (ASX: YAL) planned expansion of its Cameby Downs thermal coal mine, located in the Surat Basin, about 360km northwest of Brisbane.The project will allow Yancoal to increase output at the mine from 2.8 million tonnes a year to 3.5 million, said the company, which manages Cameby Downs.It will also extend the productive life of the...Read More
As we know, Gold and the US Dollar have an inverse relationship. Gold is priced in US Dollars and the drivers of each are similar (from an inverse point of view). Over long-term periods both trend in the same direction but the magnitude of the moves can vary and be quite different.The standard inverse relationship has not been a perfect one in recent months or years.In the chart below we plot Gold...Read More
The positive sentiment surrounding financial markets, including claims by some investment banks of an imminent melt-up, shouldn't deter investors from adding gold to their portfolios. Along with the yellow metal being a handy hedge against growing global uncertainty, many smaller development-stage gold miners are poised to soar, even if gold doesn't rally, as some analysts are anticipating. This i...Read More
While gold stocks get most of the attention, there’s plenty of value in silver. In fact, silver has several advantages versus other metals.For example, silver has more industrial uses. Because it has closer ties with economic activity, investors don’t have to rely as much on speculative fever.Differences between individual silver stocks can also give you wide-ranging diversification be...Read More
May 02, 2019 Guest(s): Andrew O'Donnell Managing Director, Super Charged Stocks Mining holds the key to the future of renewable energy, and investors should look to buy metals aligned with this thesis, this according to Andrew O'Donnell, managing director of Super Charged Stocks. "I'm a big fan of vanadium. First Vanadium is, right off the bat, a company I like," O'Donnell told Kitco News on the...Read More
As we know, Gold and the US Dollar have an inverse relationship. Gold is priced in US Dollars and the drivers of each are similar (from an inverse point of view). Over long-term periods both trend in the same direction but the magnitude of the moves can vary and be quite different.The standard inverse relationship has not been a perfect one in recent months or years.In the chart below we plot Gold...Read More
TMAC Resources has recorded its first positive earnings for Q1 2019. The quarterly revenue was C$67.9 million (compared to C$33.0 million in the same quarter a year earlier). That translated into a comprehensive profit of C$7.2 million for the recent quarter (compared to a Q1 2018 loss of C$15.0 million) after taxes, foreign exchange, corporate costs and cost of sales.TMAC produced 40,050 oz. of g...Read More
Grayscale Investments, a subsidiary of Digital Currency Group, launched a provocative ad campaign on Wednesday, challenging investors' traditional beliefs around gold investing. Employing social-media hashtags like #DropGold, the campaign attempts to challenge the yellow metal's place in an investor's portfolio, championing bitcoin - the world's most famous cryptocurrency - as a superior alternati...Read More
Copper continued its sell-off on the London Metal Exchange on Thursday May 2, with the absence of Asian markets a key factor in the downturn while strength in the US dollar caps commodity investment. Volumes were moderately high, with more than 20,000 lots of copper changing hands by the close, indicating strong selling momentum. Open interest has fallen by 3,824 positions overnight, dipping below...Read More