Sibanye-Stillwater (NYSE: SBGL) today announced it has concluded a three-year wage agreement with the National Union of Mineworkers (the NUM), Solidarity and UASA in respect of wages and conditions of service for the period of July 1, 2018 to June 30, 2021.The agreement allows for increases to the basic wage of Category 4-8 surface and underground employees. Miners, artisans and officials will rec...Read More
Golden, Colorado: 13 November 2018 - Golden Software, a developer of affordable scientific graphics software, has enhanced the visualization capabilities in version 16 of its Surfer (R) gridding, contouring and 3D surface mapping package. Geologists, environmental consultants, and geospatial professionals will find Surfer 16 makes it easier for them to interpret complex scientific data."We have im...Read More
Shares in Canada's Stornoway Diamond Corp. (TSX:SWY) plummeted Wednesday after the miner reported a net loss of $37.6 million for the three months ended Sept. 30 and announced that chief executive officer Matt Manson will leave at the end of the year.Mason will be replaced by chief operating officer Patrick Godin, who joined Stornoway in 2010 and was appointed to the board of directors in 2011....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
FRANKFURT - Volkswagen will convert three German factories to build electric cars, as Europe's largest automaker by sales starts mass producing zero-emission vehicles in a major strategy shift following its emissions cheating scandal.VW has provided job guarantees until 2028 for employees at the Emden and Hanover factories, and will spend 1.2 billion euros ($1.4 billion) training workers at Zwicka...Read More
Vancouver-based Xiana Mining (TSXV: XIA), formerly Dorato Resources, paid $25 million and a 1.5% net smelter royalty to acquire Glencore's (LON:GLEN) Minera Altos De Punitaqui in Chile.Minera Altos De Punitaqui (MAP) is a copper-gold producing company that currently holds three operating mines, additional exploration licenses, a concentrator, and associated infrastructure. All these elements are c...Read More
Gold and silver have weakened sharply in recent weeks to be down by 8% and 17% for the year to date, respectively. This sees the yellow metal trading at close to US$1,200 per ounce, while silver is hovering at around US$14 an ounce. This has had a sharp impact on the fortunes of precious metals miners, causing the Van Eck Gold Miners ETF to shed 19%, while the Global X Silver Miner's ETF has lost...Read More
The Supreme Court of Canada has agreed to hear a jurisdictional appeal in the years-long effort by the Innu to sue Rio Tinto over its Iron Ore Company of Canada operations.The appeal was launched by the government of Newfoundland and Labrador after Quebec's highest court ruled that the suit could proceed in Quebec. The problem is that the mine in question lies in Labrador, not Quebec. Rio T...Read More
Mr. Erfan Kazemi reportsSANDSTORM GOLD LTD.: SANDSTORM GOLD ROYALTIES ANNOUNCES 2018 THIRD QUARTER RESULTSSandstorm Gold Ltd. has released its results for the third quarter ended Sept. 30, 2018 (all figures in United States dollars).Third quarter highlights:Revenue of $17.3-million (Q3 2017 -- $17.9-million); Attributable gold equivalent ounces sold of 14,314 ounces (Q3 2017 -- 14,293 ounces); Ave...Read More
Mr. Ralph Shearing reportsTELSON RETAINS GLENCORE TECHNOLOGY FOR ALBION PROCESS TESTINGTelson Mining Corp. has retained Glencore Technology to conduct Albion Process leach testing of newly processed flotation tailings and historic tailings to increase recoveries of gold and silver, plus zinc flotation testing focused on Jameson Cell technologyto increase zinc recoveries and zinc concentrate grade...Read More
The stock market is certainly a crazy place to operate these days. Around the world, stocks can't seem to get any traction, with each successive move upwards being followed by the market slamming stocks back to Earth with a harsh move back down. It is certainly not a place for the faint of heart. The question that is on everyone's mind is whether this is the end of the bull market for stocks or if...Read More
Mr. Mark Kolebaba reportsADAMERA RESUMES DRILLING AT OVERSIGHT TO FOLLOW UP HIGH GRADE INTERSECTIONAdamera Minerals Corp.has resumed drilling on the Oversight property in Washington State to follow up high-grade gold intercepts reported in drill hole OS18-02, including an interval with 19.4 grams per tonne gold (see news release dated Sept. 26, 2018). Drill hole OS18-02 tested a coincident induced...Read More
Endeavour Mining (TSX: EDV; US-OTC: EDVMF) has increased the Kari Pump indicated resource at its Hounde gold mine in Burkina Faso by 40% at a $9 per oz. gold discovery cost. Kari Pump is located 7 km west of the Hounde mine processing plant.The company has now upgraded 90% of its Kari Pump resource to the indicated category. The deposit contains 11.3 million indicated tonnes grading 2.71 grams go...Read More
Mr. Matthew Hornor reportsMAPLE GOLD COMPLETES 2018 MAPPING AND SAMPLING PROGRAM AND IDENTIFIES NEW TARGET AREASMaple Gold Mines Ltd. has completed its first pass summer 2018 field mapping in the central part of the Douay project. Very limited historical work has been completed previously in this portion of the Project. The objective of the mapping program was to identify alkaline intrusive-relate...Read More
Sandstorm Gold Royalties (TSX: SSL) shares jumped 5 % today, after the company announced the board of directors approved the purchase of up to 18.3 million of its common shares between now and the end of 2019, subject to TSX approval.The 18.3 million shares represent approximately 10% of Sandstorm's current shares outstanding, and the company stated its current intention is to complete the entire...Read More
Nov 15, 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)- The digitalcurrency market is attracting new attention of the wrong kind as marketanalysts warn that they see further declines in the near-term as the newdowntrend picks up momentum.Bitcoin,the leader in the cryptocurrency sector, has fallen further below the $6,000level as it trades near its lowest level in 13 months. According to Kitco.comaggregated charts, bitcoin last traded at 5...Read More
(Kitco News)- Gold and silver prices are modestly higher in early-afternoon U.S. trading Thursday.Some worries about the health of the U.S. stock market, following the recentsell-offs and increased volatility, are supporting the safe-haven metals. Theprecious metals bulls are impressed their markets are able to post modest gainstoday in the face of a stronger U.S. dollar index. December gold futur...Read More
Mr. Dan Stuart of Juggernaut reports JUGGERNAUT REPORTS EXPANSION OF THE DISCOVERY ZONE AT DSM GOLDCREST PROPERTY; CHIP SAMPLES UP TO 56.1 GRAMS PER TONNE GOLD (1.64 OZ/T AU) OVER 1 METER Juggernaut Exploration Ltd. and Goliath Resources Ltd. havereleased channel, chip and grab sample assay results of up to 56.1 grams per tonne gold (1.64 ounces per ton gold) over one meter from the Cadillac trend...Read More
The Baltic Dry Shipping Index came to prominence at the start of the Chinese-led commodity supercycle around a decade ago.The London-based Baltic Exchange (Baltex) tracks the cost of moving commodities along more than 50 routes around the world and the BDI is considered one of the go-to barometers of the global economy, and a leading indicator of commodity prices.In February 2016, the index droppe...Read More