Mineros S.A. (BVC: MINEROS) has entered into a binding agreement with Yamana Gold (TSE: YRI) to acquire the Gualcamayo gold mine in Argentina, and has an earn-in agreement for the La Pepa gold exploration project in Chile.Gualcamayo is an established producing mine with a long operating history. The mine is on track to achieve Yamana's 2018 gold production guidance of 100,000 ounces.The Gualcamayo...Read More
Ferrous scrap prices moved in differing directions in the various global markets over the week from Monday October 22 to Friday October 26, depending on their market fundamentals.Import prices in the key Turkish market were on a slight upward trend due to consistent demand, while prices in Asia dipped because there was sufficient supply and weak demand.Export prices on the West Coast of the United...Read More
Randgold Resources' Tongon mine in Ivory Coast will produce 23.3 percent less gold in 2018 than originally forecast as a result of 53 days of strike action that took place earlier this year, Chief Executive Mark Bristow said."The strike made us lose 70,000 ounces of gold (on the 300,000 ounces 2018 forecast)," Bristow said. "The production forecast has been revised to 230,000 ounces of gold for th...Read More
The Transportation Security Administration today released its plan to expand the use of biometrics technology as part of its continued effort to enhance security and the traveler experience.Continue...Read More
Azimut Exploration of Longueuil, Que., and its strategic partner SOQUEM have made what they are calling a "major" discovery of gold-copper-silver mineralization at Azimut's Munischiwan property in the James Bay region.The zone is 600 metres long and 100 to 150 metres wide. Grab samples from the outcrop have returned gold values between 11.0 and 1.53 g/t, 1.67 to 0.05% copper, and 435.0 to 5.8...Read More
Barrick Gold Corp.'s decision to double down on Africa is a bet on Randgold Resources Ltd. boss Mark Bristow keeping his Midas touch on a continent where many miners have floundered. That wager is facing its first test.Among the assets Barrick will acquire in the $5.4 billion deal for Randgold is Kibali, a mine Bristow built from scratch in the Democratic Republic of Congo. While that operation ha...Read More
Namibia has scrapped a requirement for companies seeking mining exploration licences to be partly owned and managed by black Namibians, the country's mining industry group said on Friday.The policy was introduced in 2015 to increase the participation of historically disadvantaged black Namibians in some of the country's most lucrative business projects, but critics said it threatened the d...Read More
It's been labeled "blood gold," a jarring phrase that ties one of the world's most valuable metals with brutal mining practices and illicit profits that legitimate miners and refiners are rushing to end.With miners facing increasing pressure to guarantee the provenance of gold, the group that oversees the world's largest bullion market is seeking new ways to securely track each step from the mine...Read More
Joel Bowman: Good morning, Doug. Thanks for picking up the phone.Doug Casey: As you know, I'm not crazy about the phone. Face-to-face conversations are far superior. But since I'm in ArgentinaContinue...Read More
Canada's Leagold Mining (TSX:LMC), which acquired the Santa Luz gold project in Brazil after taking over Briogold to build a mid-sized gold producer in Latin America, said restarting the mine would cost $82 million.Delivering the results of an updated feasibility study for the asset, which has been shut down since 2014, the Vancouver-based miner said Santa Luz could produce 1.06 million ounces of...Read More
ISTANBUL (Reuters) - Turkish President Tayyip Erdogan urged Saudi Arabia on Friday to disclose who ordered the murder of journalist Jamal Khashoggi in Istanbul, as well as the location of his body, heightening international pressure on the kingdom to come clean on the case.Erdogan said Turkey had more information than it had shared so far about the killing of Khashoggi, a prominent U.S.-based crit...Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More
Marlin Gold Mining (TSX-V: MLN) issued a media statement today saying that as a result of heavy rainfall caused by Hurricane Willa, which made landfall on Mexico's Pacific coast as a Category 3 on Oct. 23, a significant amount of water has accumulated inside one of the pits at its La Trinidad gold mine located in the northwestern state of Sinaloa, 42 kms southeast of Rosario.Marlin Gold explained...Read More
Lupaka Gold (TSXV: LPK) denounced today that operations its Invicta Gold Development Project, which is located some 120 kilometres north of the Peruvian capital, have been impacted by an ongoing demonstration organized by a group of residents of the nearby community of Paran.According to the Canadian miner, the protesters have blockaded the access road directly outside of the main gate of the mine...Read More
LONDON (Reuters) - The European Union is proposing to give the European Central Bank sweeping powers over foreign clearing houses in times of market stress, an EU document showed, as the bloc shows little sign of heeding U.S. calls to water down the plans.The bloc has proposed changing the ECB’s statute to give it a broad role in the oversight of EU and foreign clearing houses that handle la...Read More
Buyers of pig iron in the United States have rejected high offers from the Commonwealth of Independent States because of the uncertainty in the market for hot-rolled coil, sources told Fastmarkets on Friday October 26.Fastmarkets' price assessment for US imports of pig iron narrowed downward to $375-390 per tonne cfr on October 26, from $375-395 per tonne a week before."The US flat steel producers...Read More
00:40 - Too early to draw any conclusions from recent market action.02:00 - A liquidity crisis will hit stocks including gold stocks.03:40 - Optimistic about uranium stocks but be selective.05:10 - Previous uranium bull market performance.06:45 - Utility companies are very tight-lipped.08:05 - Value proposition of uranium juniors.09:20 - Uranium stock picking strategies.11:30 - Vanadium outlook an...Read More
"This is great news for patients. We are excited to be taking this work forward with our clinical trial on psilocybin therapy for treatment-resistant depression," Continue...Read More
South Africa's Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) said Friday it had concluded a proposed deal with Canada's Regulus Resources (TSX-V: REG), and its newly formed subsidiary Aldebaran Resources, to jointly unlock value at the Altar copper-gold project, in Argentina.The precious metal miner said it benefitted from the transaction by obtaining upfront proceeds of $15 million while retaining a d...Read More
Hayden Ludwig is a Research Analyst at Capital Research Center. He is a native of Orange County, California, and a graduate of Sonoma State University.Continue...Read More