PERU - SENACE, the Peruvian National Environmental Certification Service, has rejected Toronto-based Sierra Metals' environmental impact assessment for the expansion of the tailings management facility at the Yauricocha polymetallic mine in the Yauyos province.Sierra Metals has 15 business days to provide a re-evaluation to the authorities to initiate a review process. This process will delay the...Read More
(Bloomberg Opinion) - Larry Kudlow, one of President Donald Trump's top economic advisers, recently said that the administration would end subsidies for electric cars and other renewable-energy technologies. Under the existing program, buyers of electric vehicles get a federal tax credit of $2,500 to $7,500.It's unlikely that Trump can eliminate the program without an act of Congress, which seems...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
Serial diluter of investor value Gran Colombia Gold Corp. (TSX:GCM) is once again touting for investors and seeking to attract further capital. The company, which is the largest underground miner in the Latin American nation of Colombia, has a long history of overpromising and under delivering for investors while riding roughshod over local communities and acting solely in the interests of insider...Read More
In early 2017, I posted to Foolish investors that Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) could turn out to be a better long-term investment than Goldcorp Inc. (TSX:G)(NYSE:GG). While it appears that Barrick has turned out, at least over the past couple years, to be the better play, it is still off approximately 30% over this time frame compared to a 40% drop at Goldcorp.The drop in commodit...Read More
Gold continues to add to its recent gains and investors are wondering if this might be a good time to start adding gold stocks to their portfolios heading into 2019.Let's take a look at the current situation and see if the industry's largest player, Barrick Gold (TSX:ABX)(NYSE:ABX), deserves to be on your buy list.Gold rallyGold traded for US$1,360 per share in April, but a rally in the U.S. dolla...Read More
Delrey Metals (CNSX: DLRY) has acquired two B.C. vanadium projects by issuing 5.5 million shares to BC Vanadium, a private company.The Star and Porcher vanadium properties cover a combined 67.4 sq. km in northwest B.C., near the small logging community of Oona River on Porcher Island. The properties host iron-titanium-vanadium mineralization in titaniferous magnetite. Historic samples from the pro...Read More
Newmont Mining (NYSE: NEM) expects its attributable gold production will reach 5.2 million ounces in 2019 and 4.9 million ounces in 2020, while attributable copper production will be 45,000 tonnes in both years.All-in sustaining costs for gold will come in at US$935 per oz. in 2019 and US$975 per oz. in 2020, while AISCs for copper will reach $2.45 per lb. next year and $2.55 per lb. in 2020.Longe...Read More
Anyone looking to stack up shares in Canadian miners may have been forgiven for watching the sector pick up speed in recent weeks and wishing they'd got in sooner. The following diversified stock is a true Canadian classic in the metals sector: a base metals mining company with a presence in South and North America, Portugal, and Sweden. It's gained over 5% over the last five days, only to dip alm...Read More
Dec 07, 2018 Guest(s): John LaForge Head of Real Asset Strategy, Wells Fargo The supply-demand fundamentals are turning in favor of commodities for 2019, especially the metals, this according to John LaForge, head of Real Asset Strategy at Wells Fargo. "Metals are the one real positive we like above and beyond everything else, particularly silver, particularly platinum. So we like commodities, b...Read More
Dec 07, 2018 Guest(s): Bill Baruch President, Blue Line Futures Gold will see renewed strength as a safe haven asset following the next December rate hike from the Federal Reserve, said Bill Baruch, president of Blue Line Futures. On palladium, Baruch said that new regulations in the U.S. may create more demand for catalytic converters in automobiles, which is bullish for the metal. "You may hav...Read More
Vanadium miner Bushveld Minerals (LON:BMN) will have to pay ?490,000, reduced from a previous fine of ?700,000, as the London Stock Exchange (LSE) determined the company breached of two of the AIM's listing rules.The violations were the result of the South African miner failing to meet its regulatory obligations in relation to its undertaking to pay an exclusivity fee to the vendors of Vametco...Read More
President Donald Trump signs a temporary spending bill into law, delaying a government shutdown deadline. The government will stay open through Dec. 21, setting up a Christmastime fight over the president's proposed border wall. Jacob Pramuk| @jacobpramukPublished 9 Hours AgoCNBC.com Saul Loeb | AFP | Getty ImagesPresident Donald Trump gives a thumbs-up as he speaks to the press as he walks to...Read More
Before the end of the year, Aura Resources (TSXV: AUU) decided to share its plans for the Gold Chain project, which the Ontario miner acquired last July.In a press release, the company said that as soon as 2019 kicks off, they want to start mapping and sampling the area using geophysics, geochemistry, alteration studies and advanced deposit modeling. The idea is to obtain information that will be...Read More
Shares in Condor Gold (LON:CNR) climbed over 10% Friday after it announced the Nicaraguan ministry of energy and mines had granted it the Las Cruces concession, which expands its La India gold project package by 45%.The 25-year exploration and exploitation concession covers an area of 142.6 km2, expanding the La India land package to 455.6 km2. Condor Gold's project now includes a total 11 adj...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell sharply Friday following a U.S. jobs report that was weaker than expected. Stocks were poised for their third weekly loss in four weeks.Oil prices jumped Friday after OPEC member states and their allies agreed to cut production for at least six months.Broadcom Inc. (AVGO) rose 0.58% Friday after the c...Read More
Nonfarm payrolls increased by 155,000 in November, the Labor Department says. Economists surveyed by Dow Jones had been expecting payroll growth of 198,000.The average hourly earnings gain of 0.2 percent fell short of estimates for a 0.3 percent increase.October's jobs count was revised lower from an initially reported 250,000 to 237,000.Jeff Cox| @JeffCoxCNBCcomPublished 11 Hours AgoUpdated9 Hour...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Friday December 7, supported by an uptick in equity indices while a softer US dollar index helped most three-month prices reverse Thursday's losses.Despite low volumes in LME trading, with aluminium's 11,723 lots topping the complex, strong afternoon trading resulted in intraday highs for aluminium,...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
European lead producer Recylex has opened talks with the debtors of its Weser Metall division after leveraged investments at the smelter there failed to result in expected production gains. "The group anticipates that its German perimeter will not be able to reach its financial targets at December 31, 2018," the company said on Wednesday December 5. Weser-Metall GmBH, a wholly-owned German divisio...Read More