Anconia Resources Corp. (TSXV:ARA) ("Anconia" or the "Company") and Avalon Investment Holdings Ltd. ("Avalon") are pleased to announce that they have entered into a binding letter agreement dated May 24, 2019 (the "LOI"), in respect of a proposed transaction (the "Transaction"), whereby Anconia has agreed to acquire all of the issued and outstanding securities of Avalon, by way of three-cornered a...Read More
"Sirios Intersects its Targets with 187.0 g/t Au over 0.8 m and 106.0 g/t Au over 1.3 m at Cheechoo https://t.co/ufuaa84v9V"Read full newsRead More
"@MichaelGokturk Hi Michael. I have sent countless customer support emails to @EinsteinXchange in the last few weeks with no response except that you have recieved them. Not happy at all. Please get in touch. Thank you."Read full newsRead More
Kutcho Copper Corp. (TSXV: KC) has raised C$2 million through a private placement of 10 million units (each consisting of one share and one warrant). Shares of the company went up nearly 3% on Monday afternoon from 19 cents at the time of announcement to the offering price of 20 cents. Its current market capitalization sits at approximately C$11.3 million.The financing is being backed by major sha...Read More
Saudi Arabian Mining Co. is weighing a plan to raise as much as $5 billion through a rights offering that could be the biggest since mid-2018, according to people with knowledge of the matter. The shares slumped.At $5 billion, the offering would be the largest since Bayer AG raised $7 billion last JuneThe company, also known as Maaden, is working with HSBC Holdings Plc's Saudi Arabia unit on the p...Read More
At least nine illegal gold miners have died in Zimbabwe after they detonated explosives underground and were trapped at a mine owned by unlisted London-headquartered Metallon Corporation north of the capital Harare, the company said on Monday.Metallon put its Mazowe Mine on care and maintenance last September, citing viability problems. One of Zimbabwe's biggest gold producers, it still operates t...Read More
Vancouver-based Nicola Mining plans to advance its New Craigmont copper property with a diamond drilling program this year. Drilling began on May 23, 2019. The project site is 10 km from Merritt.The property includes the historic Craigmont mine. The former mine was active from 1938 to 1982, during which time it mined 33.4 million tonnes of ore grading 1.28% copper. The property remains permitted.N...Read More
Pan Global Resources (TSXV: PGZ) was able to negotiate access to the Torrubia copper target in the Aguilas project, located near the city of Cordoba in southern Spain.In a media statement, the Vancouver-based company said that being able to enter Torrubia provides access to approximately 1.9 kilometres of strike with the widest and strongest soil copper geochemistry in the north part of the Torrub...Read More
The board of Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA has approved roughly 1.38 billion reais ($344 million) in new capital expenditures, it said on Monday.Usiminas, as the firm is commonly known, said in a filing it had approved 1.234 billion reais ($308 million) to be spent through 2022 to renovate its Alto Forno 3 unit. It also approved 143.9 million reais ($36 million) for t...Read More
Hudbay Minerals (TSX:HBM)(NYSE:HBM) stock had been on a tear. From November to April, shares doubled in value.After reporting earnings on May 6, however, the stock plunged around 30%.What happened to the market’s optimism for Hudbay stock? Did the dip lead to a great buying opportunity? Let’s find out.Understand the riseBefore we pivot to the latest quarterly results that tanked the st...Read More
Gold has come off the boil, despite fears of a trade war between the U.S. and China emerging. The yellow metal has fallen by roughly 5% since hitting a one-year high of over US$1,343 an ounce to be trading at US$1,278 per ounce. This has caused gold-mining stocks to soften, creating an opportunity for investors to acquire quality junior miners with considerable potential upside.High-quality, large...Read More
Nutrien (TSX:NTR)(NYSE:NTR) just raised its dividend for the second time in the past six months, and investors are wondering if this is a signal to buy the stock.Investor bonusNutrien increased the dividend at the beginning of the year from US$0.40 per share to US$0.43, supported by strong 2018 results and a positive outlook for 2019. The board just raised the payout again to US$0.45 per share, re...Read More
A short but tumultuous trade spat appeared to conclude in May as Canada lifted its retaliatory tariffs on the United States. The U.S. followed suit, lifting its penalties on steel and aluminum from Canada and Mexico. Both countries said that they would not accept a deal that called for fixed quotas, though the U.S. reserves the right to request consultations before imposing duties at the same rate...Read More
Mr. William Pincus reportsMIRAMONT ACQUIRES NEW CONCESSION ADJACENT TO CERRO HERMOSOMiramont Resources Corp. has signed an option agreement to acquire the An An concession adjacent to its existing Cerro Hermoso project. Miramont has now consolidated a total of 1,886 hectares at the project with the addition of this 568-hectare concession.The An An concession borders the existing Cerro Hermoso conc...Read More
Mr. Christian Milau reportsEQUINOX GOLD ANNOUNCES $130 MILLION STRATEGIC INVESTMENT BY MUBADALA INVESTMENT COMPANY Equinox Gold Corp.has entered into a definitive agreement with Mubadala Investment Company whereby Mubadala has agreed to purchase $130-million in convertible notes from Equinox Gold. All amounts are in U.S. dollars unless otherwise indicated. Proceeds from the investment will be used...Read More
Mr. N. Eric Fier reportsSILVERCREST ANNOUNCES MORE HIGH-GRADE IN-FILL + EXPANSION DRILL RESULTSSilvercrest Metals Inc. has provided further phase III drill results for the Las Chispas property located in Sonora, Mexico. The 19 reported infill and expansion drill holes in this news release were targeting mineralization in the Babicanora vein, Babicanora Norte (Babi Norte) vein, the Babicanora footw...Read More
Mr. Darin Wagner reportsBALMORAL REPORTS 124.50 METRES GRADING 1.05 G/T GOLD FROM AFRIC GOLD DEPOSIT, NORTHSHORE JOINT VENTURE, ONTARIO Balmoral Resources Ltd. has received, from joint venture partner GTA Resources and Mining Inc., results from three drill holes completed on the Northshore property located near Schreiber, Ont., late in 2018. Two holes tested the Afric gold deposit beneath the prev...Read More
Mr. Keith Neumeyer reportsFIRST MAJESTIC ANNOUNCES FINANCIAL RESULTS FOR Q4 AND YEAR END 2018First Majestic Silver Corp. has released the consolidated financial results for the company's fourth quarter and year ended Dec. 31, 2018.The full version of the financial statements and the management discussion and analysis can be viewed on the company's website, on SEDAR and EDGAR. All amounts are in U....Read More
Mr. Glen Sandwell reportsTAHUEHUETO UNDERGROUND DEVELOPMENT EXPOSES NEW MINERALIZATION ALONG PERDIDO STRUCTURETelson Mining Corp. has provided a development update and significant assay results from underground development at its Tahuehueto mine development and construction project, Durango state, Mexico.HighlightsTahuehueto underground development along the major mineralized structure, El Perdido...Read More
Mr. William Pincus reportsMIRAMONT ACQUIRES NEW CONCESSION ADJACENT TO CERRO HERMOSOMiramont Resources Corp. has signed an option agreement to acquire the An An concession adjacent to its existing Cerro Hermoso project. Miramont has now consolidated a total of 1,886 hectares at the project with the addition of this 568-hectare concession.The An An concession borders the existing Cerro Hermoso conc...Read More