(IDEX Online) - Diamond miners in Lesotho have been accused of polluting rivers in the landlocked kingdom.The royalties it receives from South Africa for water far outweigh its annual diamond revenue. (Forecast at $70m compared to $12.7bn for the current financial year).But a confidential report reveals harmful levels of toxic mining effluent in rivers that feed the Lesotho Highlands Water P...Read More
Cypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corp4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streaming Khalid Al-Filah, the Saudi minister of investment touted "the capability of the kingdom to be of service to global supply chain,"...Read More
The agreement will see Ma'aden invest US$126.4 million in Ivanhoe Electric equity, at the same time as the two companies set up a 50/50 exploration joint venture.Read More
The miner, whose stock price performed well against peers last year, recorded annual production of 122,806oz gold-equivalent.Read More
(Recasts with Panama's statement) By Milagro Vallecillos and Valentine Hilaire PANAMA CITY, Jan 10 (Reuters) - Panama's government onTuesday doubled down on an order that Canada-based miner FirstQuantum Minerals halt operations at its local coppermine, saying the miner had been operating without a contractsince 2017. Earlier, First Quantum said it would submit an appealagainst Panama's order by t...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 11 points in pre-opening trade.Airline equities and related ETFs are expected to open lower on news that all domestic airline flights have been grounded due to computer problems at the FAA.Coinbase dropped $1.44 to $41.80 after Bank of America downgraded the stock from Neutral to Under Perform. CH Robinson dropped $0.8...Read More
Spread the loveQUESTION #1: Marty,Thanks for your interesting post about gold and China.Which do you think will perform better this year, gold or the dollar?Thank you.DMQUESTION #2: Marty, obviously the motive behind China buying gold is critical. I tried to explain that to a goldbug. It went in one ear and out the other. Russia and China have separate motives from the rest of the world. Corre...Read More
Managing risk while war wages in Europe, inflation stings and recession looms is a long-term task best tackled by improving education and living standards in developing nations, Barrick Gold (TSX: ABX; NYSE: GOLD) chief Mark Bristow says."Historically the mining industry has often invested not to make money for its in-country stakeholders and that game is over," Bristow said in an exclusive interv...Read More
Developer Arizona Sonoran Copper (TSX: ASCU; US-OTCQX: ASCUF) moves into a critical new year as it works to complete a resource at Parks Salyer and a prefeasibility study for the Cactus copper project in Arizona by year-end.In outlining its updated work plan, the company said it would undertake drilling, metallurgy, detailed engineering, permitting and technical studies, as well as work to build t...Read More
The Northern Miner has put together a list of five trends we believe encapsulate the drama of 2022. 1 Geopolitical 'curveballs' Russia's invasion of Ukraine was certainly the biggest geopolitical shock of 2022 - and one that continues to disrupt commodities markets and feed an energy crisis in Europe. While miners have benefitted from higher prices, it's come at the cost of great uncertainty and...Read More
The government of Panama expressed its discontent on Wednesday with the latest investor update given by First Quantum Minerals (TSX: FM) about the Cobre Panama contract negotiations, saying it contained several inaccuracies that could mislead investors.The Canadian miner's chief executive officer, Tristan Pascall, said in a Tuesday call with analysts that the parties had made significant progress...Read More
Gatos Silver (NYSE, TSX: GATO) shares rose by 12% Wednesday after the company saw its best ever quarter and calendar year for silver production at its Cerro Los Gatos (CLG) mine, comfortably beating its 2022 production guidance, Gatos said in a news release Tuesday. For the year, the Mexico-focused silver miner posted a record 10.3 million oz. at its 70%-owned CLG mine, up 36% from the 7.6 millio...Read More
Ivanhoe Electric (TSX: IE; NYSE-AM: IE), the latest endeavour of mining magnate Robert Friedland, is joining with Saudi Arabia's state-owned miner Ma'aden to explore for copper, gold, silver and electric metals considered key for the transition to green energy.The companies are creating a 50:50 joint venture that will operate for five years, and may be extended for up to 10 years. As part of the...Read More
Arthur Halleran, CEO of Trillion, stated: "During 2023 we are focusing on using the Uranus rig to increase production through new ...Read More
Jan 10, 2023 Join Arizona Sonoran Copper Company's CEO, George Ogilvie, for a fulsome discussion on the company's 2023 ...Read More
FD Technology has provides a platform for 'buy now pay later' financial services in China. Read more to see why I'll pass on the FDAN IPO.Read full newsRead More
KB Home (NYSE:NYSE:KBH) Q4 2022 Earnings Conference Call January 11, 2022 5:00 PM ETCompany ParticipantsJill Peters - SVP, Investor RelationsJeff Mezger - Chairman, President and Chief...Read full newsRead More
Swiss Re appears to be transforming itself, becoming more focused and disciplined, and earnings appear set to recover. But read why we still don't rate it a Buy.Read full newsRead More
ZIM Integrated is getting quite a lot of attention with a 176% yield and 0.46 P/E. Read more to see why I'm neutral on ZIM stock.Read full newsRead More
In the fourth quarter, every sector in which the Oakmark Fund was invested contributed a positive absolute return. Click here to read the full fund letter.Read full newsRead More