We're giving you a chance to really deck the halls and upgrade your decor. You can win a $1000 credit to Canadian-based furniture company Kavuus.Read full newsRead More
Palladium soared to a record high on Tuesday, fuelled by speculative interest an...Read full newsRead More
Senior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developmentsRead full newsRead More
Last week, the British Columbia Securities Commission (BCSC) issued a notice that caused retail traders and investors to rejoice. AfterRead full newsRead More
Following the completion of its 2018 resource expansion drilling program, Fiore Gold (TSXV: F) announced today that it has updated the resource estimate for its Pan open pit mine in White Pine County, Nevada.The updated resource estimate includes Measured and Indicated (M+I) resources of 27.6 million tonnes grading 0.49 g/t containing 432,000 ounces of gold and Inferred Resources of 7.6 million to...Read More
KINSHASA - Congo's Gecamines said on Monday it had signed a production-sharing deal for copper and cobalt deposits with HongKong Excellen Mining, which will pay a $40 million signing bonus.Democratic Republic of Congo is Africa's top copper producer and the leading miner of cobalt, which is used for electric car batteries, but remains one of the world's poorest countries.Congo's state mining compa...Read More
From riding high on cobalt's boom, Glencore Plc traders are feeling the heat as falling prices and reneged contracts put a dent in profit.The world's largest commodities merchant on Monday downgraded its full-year earnings target for the trading division to $2.6 billion to $2.8 billion, down from an earlier estimate of $2.7 billion to $3.2 billion.Some cobalt buyers in China reneged on contracts a...Read More
Impala Platinum Holdings Ltd. said it's open to acquiring low-cost assets as the struggling miner looks beyond a plan to close unprofitable shafts in South Africa.The No. 2 platinum producer, known as Implats, is playing catch-up with larger rival Anglo American Platinum Ltd., which is boosting output and profit after shifting to lower-cost operations. Chief Executive Officer Nicolaas Muller said...Read More
Klondike Gold (TSX-V: KG; FRA: LBDP) reported that, in 2018, it drilled 87 holes totaling 9,511.93 metres at the Lone Star Zone of its Klondike District Property. To date, the company has received final assay results from 51 of the diamond drill holes. Such results have prompted a plan to continue exploration to affirm multiple local sources of bedrock gold mineralization. "Hole LS18-201 on 12300E...Read More
Malaysia has told Lynas Corp (ASX:LYC), the Australian miner with a rare earth elements processing plant on the country's east coast, to remove the radioactive waste collected as a result of its activities over the past six years if it wants to continue to operate.Among the conditions set by the country's Energy and Environment Ministry, the miner must also submit an action plan for non-radioactiv...Read More
Assays from holes drilled into the southwestern part of the Marathon deposit intersected intervals of high-grade gold over wide intervals at open-pit depths, Marathon Gold Corp. (TSX: MOZ) reports.Highlights include 17.39 grams gold over 5 metres from 213 metres downhole including 1.9 metres of 42.76 grams gold in drill hole MA-18-343, and 19.63 grams gold over 2.3 metres from 67 metres downhole,...Read More
Vancouver BC - MGX Minerals Inc's share price increased by almost 10% today after the company announced a significant gold discovery at its Fran Gold Project in British Columbia, 30 km southwest of the Mount Milligan Gold-Copper Mine.Drill hole FR18-95 in the Bullion Alley Gold Zone was drilled at an inclination of 55 degrees and depth of 314m and yielded a broad intercept from 227.0 to 241.0 mete...Read More
Following a very detailed process, Miramont Resources (CSE: MONT) finally received a drilling permit for its Cerro Hermoso project in southern Peru. The permit was granted after a series of assessments conducted by the Peruvian Ministry of Energy and Mines -known as MEM- to determine if Indigenous groups could be affected by the Canadian miner's activities. "We are very happy to begin our drill pr...Read More
QUEBEC - Monarques Gold Corp. of Montreal has received a positive feasibility study for its 100% owned Wasamac gold project 15 km west of Rouyn-Noranda. The study concludes that the underground mine will produce an annual average of 142,000 oz. of gold over a life of 11 years.The Wasamac underground access and development concept. (Image: Monarques Gold)According to the feasibility study, Wasamac...Read More
Shares in Canada's Nautilus Minerals (TSX:NUS), one of the world's first seafloor miners, climbed more than 10% on Monday as the company disclosed is negotiating the terms of an agreement with arm's length third parties that would involve the creation of a joint venture company.The purpose of the new firm, Nautilus said, would be to fund the acquisition of the Production Support Vessel (PSV) that...Read More
To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year's December OPEC meeting. It seems like just yesterday when OPEC met in 2016 and decided to cut production by 1.8 million barrels daily, including from Russia, to reverse the free fall of oil prices. At the time, it worked because everyone was desperate. Now, many O...Read More
South Africa's DRDGOLD Ltd (JSE, NYSE:DRD) will commission this Thursday the first phase of the Far West Gold Recoveries project (FWGR) in West Rand, one of the assets it exchanged with precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) early this year.The project is a large-scale, long-life surface tailings retreatment that will retreat material with a 35% higher gold content t...Read More
BRITISH COLUMBIA - The assay results are in from Spanish Mountain Gold's drilling program for the gold project of the same name 70 km northeast of Williams Lake. The selective program targeted the high grade, near surface First zone, and the results did not disappoint.Spanish Mountain says all six drill holes are indicative of additional higher grade mineralization at depths of less than 100 metre...Read More
KHARTOUM - Sudan will allow local private sector firms to export gold, Prime Minister Moataz Moussa said on Monday, relaxing the central bank's grip over exports of the metal as the government tries to shore up the country's struggling economy.The measure is part of efforts to stem smuggling of gold, one of the country's main sources of foreign currency."With the blessings of the president of the...Read More
Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK), Canada's largest diversified miner, has chosen Japan's Sumitomo as partner to go ahead with a planned $4.8 billion expansion of the Quebrada Blanca copper mine in northern Chile.Sumitomo Metal Mining and Sumitomo Corporation will pay $1.2 billion to Teck for a 30% stake in the Quebrada Blanca Phase 2 project - $800 million earn-in contribution and...Read More