An indigenous Peruvian community has imposed a new road blockade on Chinese miner MMG Ltd's Las Bambas mine, one of Peru's largest copper producers, after talks with the company over compensation broke down, a representative of the public ombudsman office said on Tuesday.The community started the blockade at midnight (0500 GMT) on Tuesday, the representative, Americo Contreras, said by phone, citi...Read More
Vancouver-based Osprey Gold Development is planning to drill three of its five historic gold properties in Nova Scotia. The company can acquire a 100% interest in all five of the properties.The Goldenville project in Guysborough County is Osprey's most advanced project and the province's largest historic gold producer. The project hosts inferred resources of 2.8 million tonnes at 3.20 g/t gold or...Read More
Scientists at Northwestern University have experimentally replicated a medieval gold purification method employed by West Africans in the 10th and 11th centuries.The researchers followed a technique initially described in a 2014 paper by archaeologist Sam Nixon, in consultation with Thilo Rehren, a specialist on ancient materials and technologies. Their description of the method was based on a ser...Read More
Zambia's Eurobond yields rose to record highs after the government of the cash-strapped copper producer said it's planning to seize Vedanta Resources Ltd.'s mining assets.The yield on the southern African nation's $750 million of securities maturing in September 2022 climbed 81 basis points to 19.74% as of 10:43 a.m. in London. Rates on notes due in April 2024 rose 51 basis points to 19.02%. No ot...Read More
Toronto-based Wallbridge Mining Company must be pleased with the recent drill results at its Fenelon gold project, 75 km northwest of Matagami. Several new holes have cut wide zones of mineralization with intervals of visible gold extending Area 51 by 250 metres to the northwest.The results indicate the presence of stockwork-style gold mineralization with focused high grade veins and shear zones o...Read More
A number of TSX Index giants have pulled back in recent weeks, and investors who missed out on the big rally to start 2019 are wondering if this might be a good opportunity to make a few contrarian bets for their portfolios.Let’s take a look at Nutrien (TSX:NTR)(NYSE:NTR) and Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) to see if they deserve to be on your buy list today.Nutrien Nutrien was forme...Read More
Paying attention can pay big bucks. If you’re invested in gold stocks, you’ll want to know what industry leaders are doing and why.Earlier this month, the executives of $28 billion miner Barrick Gold (TSX:ABX)(NYSE:GOLD) held a public conference call to discuss the company’s first-quarter results.While the conversation mostly covered Barrick-specific news, there were plenty of c...Read More
Contact Gold Corp. (TSX-V: C) has completed its previously announced public offering, raising C$4 million. Shares of the company jumped by more than 13% on Wednesday morning. Its market capitalization now stands at about C$12.7 million.The funds will be used to conduct further drilling at Contact Gold's flagship Pony Creek project in Elko County, Nevada, as well as to explore other properties, the...Read More
May 22, 2019 Guest(s): Peter Hug Global Trading Director, Kitco Metals Investors may be in for "fireworks" this summer if precious metals producers are unable to keep up with what would be very high retail demand should prices drop lower, this according to Peter Hug, global trading director of Kitco Metals. "I think south of $14 [an ounce for silver], there's going to be extreme interest in the...Read More
The Government of Canada's Qu?(C)bec province announced on Wednesday that it will invest C$1.75 million (about $1.27m) to connect Newmont Goldcorp's Eleonore mine facilities to the existing regional fibre optic network. The project will enable Newmont Goldcorp to continue advancing its vision to create mine 4.0- an interconnected mine of the future. The connection, which will help optimi...Read More
Donald Trump wants America back on the moon.And he wants us back before foreign rivals like China beat us to it.That's why the White House is now asking Congress for an additional $1.6 billion to bankroll a manned trip to the Earth's natural satellite by 2024 - four years ahead of the original target date.This funding would come on top of the $21 billion the administration proposed in its FY2020 b...Read More
Sandvik Additive Manufacturing has created the first ever 3D printed diamond composite. The stones lack sparkle, but are perfect for a wide range of industrial uses, says the company. The advantage is that the diamond can be 3D printed in very complex shapes, unlike mined or manufactured diamonds.Sandvik says the difference between its diamond and natural or synthetic diamonds is that its process...Read More
Saskatoon-based UEX Corporation has received the assays of the final 24 holes of the winter drill program at its West Bear cobalt-nickel property in the eastern Athabasca Basin.Highlights from the recent results include hole WBC-143, which intersected 8.3 metres averaging 0.33% cobalt and 0.75% nickel from 55.5 to 63.8 metres, including 0.55% cobalt and 1.39% nickel over 4.0 metres from 55.5 to 59...Read More
Osisko Metals of Montreal has released additional assays from 145 drill holes completed in the L-36 and L-35 areas in the East Mill zone at the Pine Point zinc-lead camp. The intersections are within flat, tabular deposits and are located between nine to 51 metres below surface.Excellent results came from hole EM-18-PP-331 that intersected 10.23% zinc and 9.19% lead over 13.1 metres and hole EM-18...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Qualcomm (QCOM - Get Report) tumbled Wednesday after a federal judge ruled in favor of the Federal Trade Commission in a long-running antitrust dispute over patents and licensing. The Dow Jones Industrial Average ended down on a report the U.S. could blacklist more Chinese companies. Target (TGT - Get Report) climbed after the ret...Read More
Global Atomic Corporation (TSE:GLO) is "two businesses in one company", according to Executive Vice President Merlin Marr-Johnson.There's zinc recycling in Turkey, and uranium exploration and development in Niger.If that doesn't seem like a natural coupling in terms of commodity or jurisdiction, then consider it from a financial perspective.It's long been a truism that the most investable explorat...Read More
Weekly Reports |May 21 2019The uranium spot price continues to drift lower.-Uranium market in limbo-232 decision due July 14 (not guaranteed)-Buyers unwilling to commitBy Greg PeelIt's rather difficult to maintain interest in a market for which, week after week, the story remains the same. But unfortunately that is the case for uranium at present. Until there is a decision on section 232, buyers a...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday May 22.Read More
The three-month copper's price on the London Metal Exchange fell by 1.3% at the close of trading on Wednesday May 22, with price pressure emerging from resurging trade tensions between the United States and China, while dollar strength is limiting commodity investment. Volumes were moderately high for the red metal by the close, totalling more than 18,000 lots traded, the most since May 13. Follow...Read More
Copper's fundamentals mean prices should be higher but much depends on the outcome of the US-China trade dispute, according to an executive at ED&F Man Capital Markets. Keith Gwozdz, vice president of metals at the LME brokerage firm, said that there are three potential outcomes when talks between the countries resume at the G20 summit of governments and central bank governors in Japan (June 28-29...Read More