Ericsson (NASDAQ: ERIC) and Ambra Solutions have announced a global cooperation agreement to lead automation for the mining industry.Ambra has selected Ericsson as a radio partner of choice to provide 5G-ready network solutions to automate ventilation systems, real-time personnel and vehicle tracking, and remote controlling of machinery like scoop diggers, hauler trucks, drillers, and other mining...Read More
First Quantum Minerals Ltd. surprised the market by accidentally releasing its first-quarter results during the trading day.The Canadian miner fell as much as 3.4 percent after its first-quarter results were released at 1:44 p.m. during normal trading in Toronto, before recovering some of its losses. First Quantum earnings statements typically come out after market hours. Lisa Doddridge, a spokesw...Read More
Newmont Goldcorp Corp (NYSE: NEM) (TSX: NGT) said Monday it will temporarily halt operations at its Pe??asquito gold mine in Mexico due to illegal blockade by a trucking contractor and some members of the Cedros community. Access to the site has been blocked since March 27.The world's largest gold producer by market value, output and reserves said it remained committed to "good-faith dialogue" wi...Read More
Jiangxi Copper Co, one of China's biggest copper producers, said on Monday its profits fell by 3.1 percent year-on-year in the first quarter as lower prices for the metal dented earnings.The Nanchang-based company's net income was 742.35 million yuan ($110.25 million) in the January to March period, according to a filing to the Shanghai Stock Exchange. That was down from 765.96 million yuan in the...Read More
Quebec City-based Nemaska Lithium has received the independent audit report it asked Canadian engineering firm BBA to conduct. The results, says the company, validate its own internal cost-to-complete construction assessment as of Feb. 13, 2019.Looking at the estimated capex, BBA made an assessment slightly lower than did Nemaska, which estimated a further C$375 million is needed to complete the p...Read More
Australia's Newcrest Mining Ltd on Tuesday reported a 8 percent rise in third-quarter gold output, but was lower than the preceding quarter, hurt by lower production at its flagship Cadia mine.The country's largest independent gold miner's total gold production for the three months to March 31, came in at 623,124 ounces compared with 575,791 ounces a year ago. However, it marks a near 5 percent de...Read More
Vancouver-based NexGen Energy says the Rook I project description has been accepted by the Canadian Nuclear Safety Commission (CNSC) and the Saskatchewan Ministry of Environment. That clears the way for the company to begin the environmental assessment of the project.The environmental assessment will be co-ordinated among NexGen and the two governmental bodies.NexGen has also filed an initial lice...Read More
Russian miner Nordgold (LON:NORD) invested $70 million last year in its Guinea-based gold mine, $22 million more than the total allocated in 2017, the company said on Monday.Nordgold, which spun off of Russian steelmaker Severstal in 2012, said the funds allowed it to both, extend Lefa mine's life and improve efficiencies at the operation.The gold producer, which acquired the mine in 2010, said it...Read More
North American Palladium of Toronto has expanded the platinum group metals zone at the Sunday Lake property, 25 km northeast of Thunder Bay and 60 km south of NAP's Lac des Iles mill. The current campaign is focused on a large PGM zone and copper-nickel sulphide mineralization in the deeper portions of the Sunday Lake mafic-ultramafic intrusion.NAP is the operator and earning a 75% interest at Sun...Read More
Shares of Premier Gold Mines (TSX: PG) went up 7% at Monday's market open on news of a high-grade discovery at the McCoy-Cove project in Nevada. The company's market capitalization sits at C$345 million.In today's press release, the company announced the discovery of a 118.9 m thick mineralized zone grading 4.12 g/t, including a high-grade interval assaying 15.74 g/t gold across 6.1 m, in the fir...Read More
In the heart of America's coal country, a cavernous new recycling plant is turning trash into a fuel that burns cleaner than coal, using a first-in-the-nation process hailing from Europe. Just don't call it a "replacement" for coal."We like to think of ourselves as a clean supplement to coal"In a region that remains fiercely protective of its embattled mining industry, Frank Celli, the chief execu...Read More
It took only 10 seconds to implode two 500-foot cooling towers that belonged to the Brayton Point Power Station in Somerset, Massachusetts.The concrete structures demolished last Saturday were the last remains of the last coal-fired plant in the northeastern US state. Originally built in 1953, the facility provided electricity to millions in both Massachusetts and Rhode Island for five decades unt...Read More
Eskay Creek, formerly the world's highest-grade gold mine, may be headed for a re-start due to very promising exploration work completed by Skeena Resources (TSX.V: SKE).Eskay Creek was operated by Barrick Gold until shutting down in 2008 due to a combination of high operating costs and a low gold price. Skeena picked up the option to explore the closed mine and has been working diligently on the...Read More
Gold has failed to gain traction over the past couple months, normally a seasonally-strong time. That has really weighed on sentiment, leaving traders increasingly bearish. Gold investment demand has flagged dramatically with lofty stock markets spewing great euphoria. That's given gold-futures speculators the run of the market, where they have sold aggressively including extreme shorting. But tha...Read More
Growing uncertainty has increased the attractiveness of gold as a hedge against a market downturn. While this sees some investors bolstering their exposure to bullion or gold exchange-traded funds like the SPDR Gold Shares, one of the best ways to gain exposure is to invest in gold miners with high-quality assets. The standout intermediate gold miner is Kirkland Lake Gold (TSX:KL)(NYSE:KL), which...Read More
Haywood Securities has initiated coverage of Minera Alamos (TSXV: MAI) with a buy rating and 12-month target price of C$0.40 per share-a 281% return from the junior's current share price of C$0.11."Minera Alamos holds two development projects in its project portfolio that can be quickly ramped up to production, with the potential to produce ~ 100,000 ounces of gold over the next few years," mining...Read More
The Fukushima incident still looms large over the nuclear power industry, with uranium prices still nowhere near what they could be. But that could be about to change, with the general sentiment towards nuclear energy enjoying something of a renaissance.Indeed, with Bill Gates, along with other high-profile commentators, chiming in to promote nuclear power as a critical, low-cost energy source ami...Read More
Vancouver-based Rockridge Resources reports drilling high-grade, near-surface copper mineralization at the Knife Lake property 50 km northwest of Sandy Bay. Rockridge has an option with Eagle Plains Resources to acquire 100% interest in the historic property.Drill hole KF19001 intersected net textured to fracture controlled sulphide mineralization between 7.5 to 40.6 metres, returning 33.1 metres...Read More
Toronto-based Anaconda Mining is conducting an infill drilling program at its Argyle gold deposit located about 4.5 km from its Pine Cove mill and tailings facility at the Point Rousse project. Chief executive Kevin Bullock noted in a release that the grade and thickness continuity has been confirmed near the surface.Highlights from the eastern part of the Argyle infill program:Hole AE-19-122: 76...Read More
If you haven't heard me by now, listen up...You need to buy yourself some pot stocks. Just do it. Please.If you've been reading Outsider Club regularly, I really hope that you already have. I couldn't have been more blunt about it over the past half-decade.Before everyone and their mother was crowing about marijuana, CBD, hemp, and every pot derivative under the sun, I was doing research and recom...Read More