Desert Gold Ventures Inc. (TSXV:DAU, OTC:DAUGF, FKFT:QXR2.F)(Read full newsRead More
Gold Resource Corporation (NYSE:GORO)(the "Company") today announced the timing of its first quarter earnings conference call scheduled for Wednesday, May 8, 2019.Read full newsRead More
Great Atlantic Resources (TSXV: GR) acquired, through an option agreement and by staking, the Glenelg vanadium property located in southwest New Brunswick, Canada.In a press release, Great Atlantic said that recent bedrock grab samples from the property from a layered intrusion returned significant levels of vanadium, specifically 0.33 & 0.42% V2O5.Located approximately 5 kilometres southeast of t...Read More
Shares of IAMGOLD (TSX: IMG) (NYSE: IAG) slumped more than 12% at market open on Tuesday following its Q1 results release, bringing its market capitalization down to $1.2 billion. The Toronto-based gold miner reported an adjusted net loss of $2.2 million, or roughly $0 per share, falling short of analysts' expectations of $0.01 per share.According to the company, it had a challenging first quarter...Read More
Kinross Gold (TSX: K, NYSE: KGC) released its first quarter results on Tuesday, and the world's no. 4 gold miner reported strong quarterly performance and said it is on track to meet 2019 annual guidance.Kinross reported first quarter gold equivalent production of 606,031 ounces, which is in line to meet 2019 guidance, targeted at 2.5 million ounces.Production cost per ounce was $682, a win for Ki...Read More
According to Q1 results, Kirkland Lake Gold is headed for a profitable 2019. The company said its cash position was up 25% to reach $83.9 million. Operating cash flow grew 95% to $174.4 million, and that resulted in record free cash flow of $93.1 million, an 85% jump from Q1 2018 and up 8% over Q4 2018.During the first quarter of this year, the company's revenue grew 54% to a record $304.9 million...Read More
Newmont Goldcorp Corporation (NYSE: NEM)(TSX: NGT), the world's largest gold producer by market value, output and reserves, is expected to churn out 8.4 million ounces of the precious metal this year, or 7.1% of the total global output, according to data and analytics firm GlobalData.In comparison, main rival Barrick Gold's (TSX:ABX)(NYSE:GOLD) output for 2019 is estimated at only 5.6 million oun...Read More
Noront Resources of Toronto has chosen the Algoma Steel site in Sault Ste. Marie for its ferrochrome production facility.Four communities - Timmins, Sudbury, Thunder Bay, as well as the Sault - were considered beginning in February 2018. With the help of Hatch engineering firm, they were examined for their environmental and site suitability, capital costs, operating costs, and an assessment of com...Read More
Transition Metals (TSXV: XTM) announced this week that it completed a ground magnetotellurics or MT survey and stacked an additional 235 hectares at its 100%-owned Saturday Night project, located north of Thunder Bay, Ontario.In a press release, the Sudbury-based miner said that the completed MT survey included 37 stations focused on further evaluating a reversely-polarized magnetic anomaly measur...Read More
Norwegian pension fund manager KLP has sold 3.2 billion crowns ($366 million) of bond and equity exposure in 46 companies, including leading miners BHP and Anglo American, after a decision to withdraw from thermal coal. Fund managers have become increasingly reluctant to risk investing in companies linked to fossil fuels or other activities regarded as unsustainable as popular pressure mounts for...Read More
Norway's proposal to divest billions more from coal, and instead use the world's largest sovereign wealth fund to invest in solar and wind is a sign of things to come - and may just be what catapults the global clean energy market into sky rocketing growth.The proposal is set to pass into law in June and follows supportive policy agreed by the ruling Conservative Party last year. It will see the N...Read More
Ecuador-focused miner SolGold (LON, TSX:SOLG) said Tuesday that recent results from the Porvenir project, held by its wholly owned subsidiary Green Rock Resources, suggest the presence of a "significant" copper-gold system.Mapping and sampling, SolGold said, has extended copper-gold mineralization at Cacharposa Creek on Porvenir, located in southern Ecuador. The samples, the company noted, show...Read More
Nevada Copper Corp's (TSX: NCU) announced a series of deals on Wednesday to finance its 100%-owned Pumpkin Hollow copper project through to completion targeted for the final quarter of the year.The company HQ'ed in Reno, Nevada entered into a $115 million credit agreement with Germany-based KfW IPEX-Bank and also announced a public share offer and concurrent private placements to raise $30m, two...Read More
President Trump doesn't shy away from executive orders.He's already issued more than 100.But a few certainly stand out.The "Muslim Ban," or "Travel Ban," for instance - Executive Order 13769.This order was by far his most controversial. And after being challenged in court, it was scaled back in accordance with the law.Ultimately, the Department of Homeland Security stopped enforcing portions of th...Read More
Avesoro Resources (TSX: ASO; LON: ASO) has increased the mineral reserves at its Youga gold mine by 23% - extending the mine life of the Burkina Faso open-pit operation by an additional four years to 2031.The junior, which also produces gold at its New Liberty mine in Liberia, says proven and probable reserves at Youga now stand at 14.74 million tonnes grading 1.72 grams gold per tonne for 814,900...Read More
May 08, 2019 Guest(s): Howard Klein Founder & Partner, RK Equity Due to poor policies and planning, the U.S. is now lagging behind competitors China and Germany in the fight for electric vehicles dominance and battery supply chain, this according to Howard Klein, founder and partner of RK Equity. "It's 100% a function of politics. Under the Obama Administration and the Democrats, they were very...Read More
Hecla Mining has mounted an aggressive exploration program at its successful Casa Berardi gold mine 95 km north of La Sarre, in the Abitibi region. High grade extension in the upper East and West mines have been outlined and are potential new underground mining areas.The high grade 113 zone has also been drilled. It may link or intersect the western limit of the 118 zone, defining a significant re...Read More
Montreal-based Osisko Metals reports successful results for pre-concentrating test work using material sorters. Two technologies were tested - x-ray transmission sorting and dense media separation.Representative samples were prepared of material from Osisko's Pine Point zinc-lead project 65 km east of Hay River. Pre-concentration of the ore can significantly reduce the cost of haulage and milling....Read More
Hitachi introduced the EX1200-7 excavator, which will provide increased efficiency, reliability and durability for customers. The excavator, which is available in North and South America, is the third machine in Hitachi's new EX-7 series lineup, following the recent launch of the EX2600-7 and EX5600-7."Available in a backhoe or shovel configuration, the EX1200-7 is our smallest mining excavator an...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Stocks ended mixed Wednesday as threats from both the U.S. and China raised concerns about the completion of a trade deal this week. Electronic Arts (EA - Get Report) advanced after the video game maker beat analysts' sales forecasts in its fiscal fourth quarter. Lyft (LYFT) fell after the ride-sharing company rep...Read More