"Abandon ship!" That's the advice that ABN Amro Group NV is giving any remaining Nyrstar NV investors.The central problem for Nyrstar is that it's increasingly looking like the company will struggle to refinance bonds due next year.Nyrstar, Europe's biggest zinc smelting company, is on an inevitable path toward a debt restructuring, said ABN's Philip Ngotho, whose bearish calls have proven profita...Read More
Talon Metals (TSX: TLO; US-OTC: TLOFF) has announced a preliminary economic assessment for the Tamarack zone at its Tamarack North nickel-copper-cobalt project in Minnesota.The study assigns the project a $210 million after tax net present value at a 7% discount rate and a 38.8% after-tax internal rate of return with payback in 2.1 years.The project would require $174.31 million in initial capital...Read More
Tasca Resources (TAC-V) today announced it has acquired the Selish Mountain property, a 290-hectare block 15 kilometres southwest of Merritt, B.C., and 10 kilometres to the north of Westhaven Ventures Inc.'s Shovelnose gold property, where recent drilling has returned intersections of 8.95 grams per tonne gold over 46.2 metres and 24.5 g/t gold over 17.77 metres. Historic exploration on the Selish...Read More
Junior gold miner Continental Gold (TSX:CNL), which is developing the Buritica project in northwestern Colombia, has been roughly handled by the market in the wake of an attack on its employees in late September 2018, which saw three tragically murdered. The miner has seen its stock plummet by over 40% for the year to date because of growing market fears that the degree of geopolitical risk in Col...Read More
When a stock that was tumbling like there's no tomorrow opens almost 45% higher one day, you know there's a big story playing out there. Investors in the beleaguered silver mining company, Tahoe Resources Inc. (TSX:THO)(NYSE:TAHO) woke up this morning to a similar experience: The stock's up a staggering 46% to $4.20 as of the time of writing. Thank bigger rival Pan American Silver Corp. (TSX:PAAS...Read More
HISTORICAL DRILLING INCLUDES INTERCEPTS OF UP TO 20 G/T GOLD NEAR SURFACE FROST PROJECT 12 MILES FROM GRASSY MOUNTAIN, HAS SIMILAR GEOLOGICAL SIGNATURESWINNEMUCCA, Nev., Nov.14, 2018(GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) ("Paramount") today announced that it has entered into an agreement with Nevada Select Royalty ("Nevada Select"), a wholly owned subsidiary of Ely G...Read More
Epiroc today launched a second generation of battery-powered machines designed to lower mining costs and promote a healthier underground work environment.The battery-driven underground loaders, trucks and drill rigs will create a number of benefits for mining companies globally, including improved health and safety, reduced greenhouse gas emissions and lower operating costs."We at Epiroc want to h...Read More
Gold has once again pulled back sharply in recent weeks to be trading at around US$1,200 an ounce, which sees it down by around 9% for the year to date. Many gold miners have declined in value as the yellow metal's price weakened to see the Van Eck vectors Junior Gold Miners ETF down by 25% over the same period. One junior gold miner that has bucked that trend is Lundin Gold Inc. (TSX:LUG), which...Read More
Premier Gold Mines (TSX: PGM) has signed an option agreement with Ely Gold Royalties (TSXV: ELY; US-OTC: ELYGF) to acquire its Rodeo Creek property, which sits adjacent to Premier's South Arturo open-pit mine, a joint-venture operation in which it owns a 40% stake and Barrick Gold (TSX: ABX; NYSE: ABX) owns 60%.Under the agreement with Ely Gold Royalties, Premier Gold can acquire a 100% stake...Read More
An anonymous director reportsTRIMETALS MINING INC. FILES THIRD QUARTER 2018 FINANCIAL STATEMENTS, MD&A AND ARBITRATION UPDATETrimetals Mining Inc. has released its condensed interim consolidated financial statements for the three and nine months ended Sept. 30, 2018, and the related management's discussion and analysis of financial position and results of operations. In this press release, all...Read More
After Wednesday's market spike reaction to the midterm elections, institutional investors began to taper back on their buying Thursday and Friday, given overbought conditions that have developed.As I have been stressing to you, fundamentals are deteriorating, in spite of what you might be hearing on the news. With oil prices still dropping, this is going to surprise investors with a sharp pullback...Read More
Azarga Uranium (TSX: AZZ; US-OTC: PWURF) has increased the in-situ recovery measured and indicated resource at its Dewey Burdock uranium project in South Dakota.The project now contains 6.8 million measured and indicated tonnes grading 0.113% uranium for 16.93 million lb. uranium, a 97% increase over the previous resource. The measured resource alone increased 234%, from 4.12 million lb. uranium...Read More
Mr. Eric Fier reportsSILVERCREST APPOINTS PIERRE BEAUDOIN AS COOSilvercrest Metals Inc. has appointedPierre Beaudoin as chief operating officer for the company. Mr. Beaudoinwill dedicate his full attention to the development of the Las Chispas property, and, as such, he will be stepping down from the Silvercrest board in December.Mr. Beaudoin is a precious metal mining executive with more than 30...Read More
UBC students Robert Fuerderer, Naman Shah, Emma Dodds and John Wei won first place at the World Mining Competition in Saskatoon, Canada in October.The World Mining Competition is the largest multidisciplinary mining undergraduate case competition in Canada.The world-class case describes the current situation of a fictitious company in the mining industry from the perspective of a decision maker....Read More
HISTORICAL DRILLING INCLUDES INTERCEPTS OF UP TO 20 G/T GOLD NEAR SURFACE FROST PROJECT 12 MILES FROM GRASSY MOUNTAIN, HAS SIMILAR GEOLOGICAL SIGNATURESWINNEMUCCA, Nev., Nov.14, 2018(GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) ("Paramount") today announced that it has entered into an agreement with Nevada Select Royalty ("Nevada Select"), a wholly owned subsidiary of Ely G...Read More
Golden Ridge Resources (TSX-V: GLDN) has completed its option agreement with Lac Properties Inc. (LAC), a subsidiary of Barrick Gold Corporation, and now has a 100% interest in the Hank project in British Columbia's Golden Triangle District.LAC will continue to hold a 2% NSR on the project as well as certain back-in rights. LAC has the option to purchase a 51% interest in the Hank Project upon a m...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average tumbled on Wednesday, the fourth straight day of triple-digit losses for the blue-chip index. Apple Inc. (AAPL) and Goldman Sachs Group Inc. (GS) were the Dow's leading laggards.Macy's Inc. (M) fell 7% even after the retailer posted stronger-than-expected third-quarter earnings and raised...Read More
An anonymous director reportsTRIMETALS MINING INC. FILES THIRD QUARTER 2018 FINANCIAL STATEMENTS, MD&A AND ARBITRATION UPDATETrimetals Mining Inc. has released its condensed interim consolidated financial statements for the three and nine months ended Sept. 30, 2018, and the related management's discussion and analysis of financial position and results of operations. In this press release, all...Read More
(Kitco News)- Negative sentiment continues to build around tech giantApple (Nasdaq: AAPL), and some analysts have warned that slower iPhone sales could havebroader implications on global growth that could benefit safe-haven assets like gold.In a report Tuesday, Hussein Sayed, chief market strategistat FXTM, said the little smartphone had a significant impact on U.S. grossdomestic product growth an...Read More
(Kitco News) -Pan American SilverCorp. (Nasdaq, TSX: PAAS), the world’s second-largest primary silver producer,will acquire Tahoe Resources Inc. (NYSE: TAHO;TSX: THO) in a $1.07 billionstock-cash deal announced by the two companies Wednesday.Officials said themerger will create the world’s largest publicly traded silver-mining companyand will have the world’s largest silver reser...Read More