I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way Continue...Read More
Barrick Gold Corporation ("Barrick" or the "Company") today announced management changes within the Company's North America region.Michael Brown, currently President, Barrick U.S.A., will be retiring from the Company on December 31, 2018. Mr. Brown has been with Barrick since 1994, and has played a key role in the growth and development of the Company's U.S. operations over two-and-a-half decades....Read More
David Stockman, who served as director of the Office of Management and Budget under Ronald Reagan, shares reflections and anecdotes about the late George H.W. Bush. We then discuss how the Fed, rather than trade deals, has been harming America. (And also: why I won our gentlemen's bet....). David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director f...Read More
Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years, a new study shows.According to the 11th annual EY survey of 250 executives, the topic was listed sixth in the list of the ten major risks facing mining and metals firm in 2019-2020. Other challenges listed by the participants were rising national...Read More
Update 2: Things are escalating fast, with the Chinese embassy in Canada said China has complained to the U.S. and Canada and asked them to "rectify wrongdoings" and free Huawei Continue...Read More
"As a matter of our policy, we want to end all of those subsidies...And by the way, other subsidies that were imposed during the Obama administration, we are ending, whetherContinue...Read More
Seaborne iron ore prices slipped on Thursday December 6, with futures and swaps markets weakening, while buyers remained cautious over big tonnages.MB 62% Fe Iron Ore Index: $66.59 per tonne cfr Qingdao, down $0.79 per tonne.MB 62% Fe Pilbara Blend Fines Index: $65.86 per tonne cfr Qingdao, down $0.79 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $70.13 per tonne cfr Qingdao, down $1.08 per tonn...Read More
ONTARIO - Toronto-based McEwen Mining has announced plans to spend $20 million for exploration on its properties near Timmins. The company will offer approximately 6.0 million flow-through shares priced at $3.02 each.McEwen says the offer price represents a premium of 25% over the closing price of its common shares on the TSX as of Dec. 5, 2018.The most promising exploration program in 2018 was...Read More
High-end homebuilder Toll Brothers, when it announced earnings this morning, made some peculiar comments. Not so peculiar was the plunge in new orders in its fourth quarterContinue...Read More
"It is entirely inappropriate for senior officials of the Bank of England to meet with an individual who has been placed on the Continue...Read More
Newmont Mining Corp on Thursday updated its five-year production outlook and said it expects gold production for 2019 to be in the midpoint of its previous forecast.The Colorado-based miner sees 2019 output at 5.2 million ounces of gold, from an earlier forecast range of 4.9 million ounces to 5.4 million ounces.The company expects production in 2019 to be driven by its recently completed Subika Un...Read More
NEVADA - Premier Gold Mines of Thunder Bay, Ont., has provided an update on development at the South Arturo joint venture in the Carlin Trend. Construction of the Phase One open pit and the El Nino underground mine are progressing well.The El Nino underground deposit is the down-plunge extension of the Phase Two pit that was mined in 2016-17. Initial gold production is expected late next year. R...Read More
ONTARIO - Toronto-based Wesdome Gold Mines says drifting and drilling the 7 zone at the Eagle River mine has resulted in longer than average strike lengths and extended the zone at depth. The underground mine is located about 50 km west of Wawa.The 7 zone is an intermediate zone parallel to the 300 zone to the north and the historic 8 zone to the south. The development work taking place on the...Read More
Alto Ventures (TSXV: ATV) announced today that it has received a work permit to carry out exploration programs consisting of line cutting, ground geophysics and 3,000 metres of diamond drilling on its Oxford Lake project in Manitoba, central Canada. The work permit, however, was issued with certain conditions including a requirement that a heritage resource impact assessment is completed before wo...Read More
Canada's Barrick Gold (ASX, NYSE:ABX), the world's No.1 gold miner, is selling research and development company AuTec and laying off executives hired to lead what the Toronto-based company had called its "digital reinvention."Barrick is in the midst of merging with Africa's Randgold Resources (LON:RSS) and incoming CEO Mark Bristow has announced his intention to offload non-core assets, reduce co...Read More
Iranian export billet and slab prices continued to fall this week, in line with the global downtrend and with sanctions pushing suppliers to lower their offers to try and attact customers.Fastmarkets weekly price assessment for Iranian export billet price was $405-410 per tonne fob on Wednesday October 5, down by $10 per tonne week on...Read More
A major partnership with an Australian mining and metals company that is funding exploration is paying off with a large increase in the resource estimate this explorer released. Silver Bull's Sierra Mojada ProjectSilver Bull Resources Inc. (SVB:TSX; SVBL:NYSE.MKT), a Canada-based mineral exploration company, released at the end of October an updated resource for the Sierra Mojada project, locate...Read More
This company drilled eight holes at this target this year. Victoria Gold Corp. (VIT:TSX.V) announced in a news release that its discovery diamond drill hole, NG18-006C, in the Nugget zone, returned 101.5 meters (101.5m) of 0.67 grams per ton (0.67 g/t) gold from surface, including 10.1m of 2.79 g/t gold. "To produce this tenor of mineralization from a first-pass drill program is truly impressive...Read More
An Echelon Wealth Partners report reviewed the highlights of this gold company's recent campaign at its Red Lake project. In a Nov. 28 research note, analyst Ryan Walker relayed that Pure Gold Mining Inc.'s (PGM:TSX.V) test mining in the McVeigh zone at Madsen, now fully reported, "encountered excellent ground conditions and visually strong gold mineralization, both boding well for any eventual c...Read More
In its quest to become the sole owner of the Pinos gold project, Candelaria Mining (TSXV:CAND) is issuing 7,075,472 common shares to the shareholders of Minera Apolo, a move that will allow the Canadian miner to acquire the 40% it still didn't have of the Mexican company's shares."I am pleased to announce that Candelaria will hold 100% of the Pinos gold project. The recently released PEA shows tha...Read More