With a new manager and a bunch of new players, the 2019 Vancouver Whitecaps FC team promises to look completely different from this past season.Read full newsRead More
JPMorgan taps Paris' gold vaults in search for more physical...Read full newsRead More
SASKATCHEWAN - Fission 3.0 Corp. of Kelowna, B.C., is preparing for its winter drilling program at four high priority targets - Wales Lake (two holes), Patterson Lake North (five holes), Key Lake (nine holes) and Cree Bay (two holes). About 4,400 metres of drilling is planned.Fission 3 recently completed an $8-million financing with which to fund the work.The Wales Lake occurrence is similar to Fi...Read More
A sample of visible gold from the Granada gold mine. (Image: Granada Gold Mine)QUEBEC - SGS Canada has delivered an updated mineral resource of the Granada gold property near Rouyn-Noranda. Owner Granada Gold Mine, headquartered in Rouyn-Noranda, was also supplied with a revised block model for the entire area.Pit constrained measured and indicated resources are 22.4 million tonnes grading 1.13 g/...Read More
Canada's Harte Gold (TSX: HRT) said Wednesday it expects to begin commercial production at its Sugar Zone operation before year-end.Since landing commercial production permits from the Ontario government in September, it has been running full tilt - it poured its first gold bar in October, held the mine's official opening later that same month, and conducted its first production blast in November...Read More
Canada's IAMGOLD Corp. (TSX IMG), (NYSE: IAG) is working on expanding its footprint in Burkina Faso, West Africa, where it already operates its Essakane mine, in production since 2010.From the drilling carried out this year around the mine, particularly the Gossey satellite deposit, located 15 km north, IAMGOLD has concluded the prospect holds combined, indicated and inferred resources amounting...Read More
ATHENS, Dec 12 (Reuters) - Greece is trying to avert the possible closure of Europe's biggest nickel producer Larco and is looking at ways to ensure there are no interruptions to its electricity supply, the country's energy ministry said on Wednesday.Larco, which is 55 percent owned by the Greek state, owes about 280 million euros in unpaid electricity bills to state-controlled power utility Pub...Read More
Voters in the world's second-largest producer of mined copper and zinc cast out some fierce opponents of giant mines, ushering in a change of guard that could potentially lure investments to some of Peru's most impoverished regions.Citizens in Cajamarca, the South American nation's poorest region, elected pro-investment candidate Mesias Guevara, ending the rule of an anti-mining movement that has...Read More
Northern Graphite (CVE: NGC) of Ottawa has taken a closer look and updated some parameters for its Bissett Creek graphite project between Ottawa and North Bay. The updates were done by G Mining Services.The review contains an improved net present value and internal rate of return numbers. The after tax NPV at an 8% discount is now $198.2 million, up from $150 million in the preliminary economic a...Read More
A South African consortium called Project Halo has submitted the winning bid of 3.05 billion rand ($215 million) for three major assets of Tegeta Exploration & Resources (Pty) Ltd., the Gupta family-linked mining company under administration since February.Project Halo will buy Optimum Coal Mine (Pty) Ltd., for a maximum of 2.8 billion rand, Koornfontein Mines (Pty) Ltd. for 200 million rand and O...Read More
Toronto-based Power Ore (CVE: PORE) plans to buy the Opemiska copper complex from Explorateurs-Innovateurs de Quebec(Ex-In), a privately owned company. The property - consisting of the historic Springer and Perry mines and the mill - was operated by Falconbridge from 1953 to 1991. The two mines yielded 23 million tonnes of ore grading 2.4% copper and 0.3 g/t gold.The Opemiska complex is adjace...Read More
ALEXANDRIA, December 12, 2018 - The Responsible Minerals Initiative (RMI), a coalition of leading companies dedicated to improving the security and human rights conditions in their mineral supply chains, today announced voluntary guidelines to drive the common adoption of definitions and concepts in the application of blockchain-enabled solutions. The RMI Guidelines represent a first industry effo...Read More
Where are the populist government leaders who are cutting their outrageous government debts?The answer, unfortunately, is that they do not exist.Citizens riot in France over insane fuel taxes, central bankers resign in India, markets crash in America, and England's citizens watch their Brexit turn into an overpriced wet noodle.None of this fazes the world's populist leaders. They believe they alon...Read More
You might buy and forget stocks that have increased their earnings or cash flow over many years. However, investors need to be very careful around commodity stocks such as Cameco (TSX:CCO)(NYSE:CCJ) and Crescent Point Energy (TSX:CPG)(NYSE:CPG).CamecoCameco stock has done very well in the last 12 months by appreciating about 20%. However, it's not the type of investment that you can buy and forge...Read More
Dec 13, 2018 Guest(s): Phillip Streible Senior Market Strategist, RJO Futures With fears of more volatility in stock markets ahead, investors could do well holding gold, which is still the reliable safe haven asset, said Phil Streible, senior market strategist at RJO Futures. "Even if you look at bonds and interest rates, the volatility has been quite high in there. We've seen bonds tick up thre...Read More
On Thursday, platinum futures dipped below $800 an ounce as the metal slides back to near 15-year lows first reached in August.Investors have lost interest in platinum with ETF holdings dropping to five year lows. Other indicators are also bearish - the last time platinum traded at this deep discount to sister metal palladium was in 2001. In 2008, platinum was at a $1,750 premium to palladium. As...Read More
In Daytona Beach, Florida, a 23-year-old burglar was spotted pacing around someone's pool. When two police officers arrived on the scene, he bolted. And he almost got away.Almost.The suspect darted towards a neighboring house and climbed on top of a shed. From there, he made it onto the roof of the house. And then in a Bond-villain-style escape, he leapt from roof to roof and tree to tree, eluding...Read More
Vancouver-based exploration company Delrey Metals (CSE:DLRY) has entered into a share purchase agreement with WEM Western Energy Metals to acquire all the issued and outstanding share capital of WEM.WEM owns a 100% undivided, unencumbered legal and beneficial interest in both the Peneece and the Blackie vanadium properties in British Columbia. The properties cover a total area of 2,714 hectares an...Read More
Wesdome Gold Mines of Toronto has circulated an interim mineral resource for its 100% owned Kiena mine complex in Val d'Or. The estimate is based on drilling completed to Oct. 12, 2018. Since then, the Deep A zone has been the target of drilling, but its resources are not yet included in the current estimate.Kiena counts resources in the Kiena Deep, A, B, South, VC and S50 zones. The total measur...Read More
Indonesian nickel mining group Silkroad Nickel (SGX: STP) has announced that its subsidiary, PT Teknik Alum Service, entered into a new long-term offtake agreement with PT TBR to supply 15 million tonnes of nickel ore over a period of five to eight years, beginning March 2020.The total contract value of the agreement is estimated to be in excess of $290 million.PT TBR is part of the Qingdao Hengsh...Read More