NEW BRUNSWICK - The world's largest fertilizer supplier, Nutrien, has announced the permanent closure of its New Brunswick potash facility near Sussex. The mine and plant have been on care and maintenance since early 2016.Nutrien says it will focus on increasing potash production in Saskatchewan where operating costs are lower and no capital needs to be invested. The company will take a US$1.8 bil...Read More
SYDNEY - Iron ore shipments to China from Australia's Port Hedland terminal fell 12 percent in October from a month earlier, port data released on Tuesday showed.Iron ore shipments to China from the world's biggest iron ore port totalled 32.8 million tonnes in October, compared with September's 37.4 million tonnes, according to the Pilbara Ports Authority.The October figure was also down 7 percent...Read More
Seequent, a developer of visual data science software and IMDEX, specializing in subsurface intelligence solutions, today announced an partnership to deliver a real-time 3D visualisation solution for the mining and exploration industry, aimed to improve the speed and accuracy of decision-making for drilling projects.Seequent and IMDEX are collaborating to integrate IMDEX HUB-IQ, which provides...Read More
MICROMINE is pleased to announce the relocation of our MICROMINE Vancouver office effective November 1, 2018. The new office is located at 532 - 999 Canada Place, Vancouver, BC, V6C 3E1. The office remains in the same building, The World Trade Centre, enabling MICROMINE to stay in the iconic waterfront landmark and continue to be in the hub of conferences and world-class events.The need for a new...Read More
Surge Exploration (TSX?EUR?V: SUR) announced today that it will acquire up to 100% of the Atacama Cobalto Exploration Property near Copiap??, northern Chile.Surge said that in order to complete the transaction, it will sign a formal agreement with Compa???-a Minera del Pac?-fico S.A. or CAP Mineria before the end of the month.The 1,059-hectares Atacama Cobalto Project is located in the Atacama Pro...Read More
Despite gold recovering during October 2018 to now be trading at over US$1,227 an ounce, silver remains weak, trapped at well below US$15 per ounce. This - along with the stagnant outlook for the white metal - is having a sharp impact on primary silver miners. While silver has only lost 15% since the start of 2018, miner First Majestic Silver (TSX:FR)(NYSE:AG) has dropped by over 18%, and there a...Read More
The buyout of Acacia Mining's minority shareholders by the new, larger Barrick Gold is one option, said Mark Bristow, CEO of Randgold Resources. Toronto-based Barrick, which owns about 64% of Acacia, and Randgold are merging in a $7.9 billion share deal that will see Barrick gain control over one of its fiercest competitors.Barrick shareholders have given a big thumbs up to the merger with Randgol...Read More
Diversification is an essential element of investing and it is just as important today as it ever was.It means ensuring that we have stocks from different sectors that are not correlated so that we can shelter our portfolios somewhat from the volatility of a given sector.It's all about risk management.It also means investing in sectors even when their outlook isn't great, as far as we can tell. Th...Read More
First Vanadium Corp. (formerly Cornerstone Metals Inc.) (TSXV: FVAN) (OTCQX: CCCCF) today announced that it has expanded the Carlin vanadium deposit following results from its Phase 2 drilling on the project in Nevada.The raw material is primarily used to strengthen steel. CEO Paul Cowley said this is an excellent start to the deposit expansion, with intercepts of good grade and thickness so near...Read More
Investorsand market participants seem unfazed while bidding the U.S. equities upsubstantially following the midterm elections which resulted in the DemocraticParty now controlling the House of Representatives. Although the Senate remainsfirmly in control by the Republicans, yesterday's election gave Democrats the needed majority to control the House ofRepresentatives.With one hour left in trading,...Read More
Resource and expansion drilling at the Kutcho copper-zinc project in B.C. has extended mineralization down dip of its Main deposit, reports Kutcho Copper Corp. (TSXV: KC; US-OTC: KCCFF).Mineralization was extended 50 metres down dip from previous drilling and beyond the project's existing resource model in drill hole KC18-280, which returned a 5.4 metre intercept from 193 metres down hole grading...Read More
Canadian investors are searching for top-quality stocks that are recovering after the October pullback and could deliver attractive returns heading into next year.Let's take a look at a global market leader in the TSX Index that might be an interesting pick for your TFSA portfolio.Nutrien (TSX:NTR)(NYSE:NTR)Nutrien continues to work through the process of integrating the assets of Potash Corp. and...Read More
"I'm against very wealthy people influencing elections, but as long as it's doable I'm going to do it."- Sheldon AdelsonAin't that the truth...Casino magnate Sheldon Adelson just dumped $30 million into Republican candidates for next week's elections. He also unloaded $82 million in the 2016 presidential elections. He's not doing it for fun or charity; he obviously thinks he'll get a sweet return...Read More
(Kitco News) - Kinross Gold Corp. (TSX: K, NYSE: KGC) reversed to a lossin the third quarter as production and gold prices fell, the company reportedlate Wednesday.Excluding special items, the company listed an adjusted netloss of $48.4 million,or 4 cents per share, a turnaround from adjusted net earnings of $84.1 million,or 7 cents, in the same period a year ago.The net losswas $104.4 million, or...Read More
B2Gold (TSX: BTO; NYSE: BTG) produced a record 242,020 oz. gold in 2018's third quarter, 78% higher than in the same quarter of the previous year. It attributed its success to strong performances from the Kekola mine in Mali, the Masbate mine in the Philippines and the Otjikoto mine in Namibia.The company reported $324 million in gold revenue, 110% higher than in the same quarter of the previous...Read More
Nov 07, 2018 Guest(s): David Morgan The Morgan Report The silver market has been "stagnating" and needs renewed investor interest before prices recover and the gold-silver ratio drops below 80, said David Morgan editor of The Morgan Report. "What's going on is stagnation in the market. There hasn't been any fresh buying, there's been a lot of stale longs that have given up on the silver story,"...Read More
(Kitco News) - Gold and silver prices are slightly higher, but well down from earlier daily highs, in early-afternoon U.S. trading Wednesday. The metals were lifted by a drop in the U.S. dollar index today. December gold futures were last up $2.40 an ounce at $1,228.70. December Comex silver was last up $0.08 at $14.58 an ounce.Tuesday’s U.S. mid-term elections turned out as many had expecte...Read More
(Kitco News)- A shift in the political landscape following Tuesday’s midtermelections in the U.S. is only having a material impact on gold prices as the U.S.dollar loses some momentum.As many political pundits expected, the Democratic Party regainedcontrol over the House and the Republican Party retained control over theSenate, expanding their majority by five seats. While the U.S. dollar is...Read More
Toronto-based Barkerville Gold Mines has released the drilling results from the ongoing Cow Mountain program at its flagship Cariboo gold project near the town of Wells. The company says the results demonstrate the continuity of high grade gold mineralization within vein corridors and extensions down dip and down plunge.The results trace mineralized vein corridors at Cow Mountain extending the hig...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term. Create your own user feedback survey Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our m...Read More