"Aben Resources Announces the Completion of an Airborne Magnetic Survey at the Forrest Kerr Gold Project in BC's Golden Triangle Region @Aben_ABN https://t.co/elvLho1WKE"Read full newsRead More
Fortune Minerals Limited (TSX:FT; OTCQB:FTMDF) (OTCQX: FTMDF) (Read full newsRead More
"Monterey Minerals Completes Purchase of 323 square kilometres in the Pilbara region of Western Australia https://t.co/BvFXsbfuLQ"Read full newsRead More
Warning! GuruFocus has detected 3 Warning Signs with CDE.Coeur Mining Inc. (CDE) is strongly positioned to benefit from this trend for several reasons.First, Senior Vice President and Chief Financial Officer Thomas S. Whelan purchased 25,000 ordinary shares of the company for an average price ofRead full newsRead More
Wax still remains in an abandoned mine where candles lit the way a century and half ago during Wyoming's gold rush days in South Pass City.Read full newsRead More
Canada's First Quantum Minerals (TSX:FM) responded to Panama's President-elect Laurentino Cortizo by issuing a media release stating that the extension of the contract to operate the Cobre Panam?? mine fulfills current laws and regulations and that its team should be allowed to work without legal uncertainties.The miner's communiqu?(C) was made public a day after Cortizo said his government would...Read More
Fortune Minerals is updating the 2014 feasibility study for its NICO cobalt-gold-bismuth-copper project 160 km northwest of Yellowknife. Hatch, P&E Mining Consultants and Micon International have been engaged to produce the new study.Four scenarios are contemplated:Produce cobalt and bismuth concentrates at the mine site and ship these to a proposed refinery in southern Canada (the original scenar...Read More
Don't expect an upswing in the global uranium market anytime soon."In our models, we don't get excited on the demand side," said Galymzhan Pirmatov, chief executive officer of Kazatomprom, Kazakhstan's state-owned mining company that's the world's biggest supplier.Kazakhstan controls about 40% of the world's supply of the metal, and Kazatomprom accounts for half of that, making it the biggest prod...Read More
With China threatening to curb exports of rare earth minerals, Lynas Corp is making an aggressive push for fresh business across the globe and billing itself as the best option for its customers to tap diversified supplies of the specialized materials.While Australia-based Lynas cannot match China's rare earths processing capability, it is hoping that its role as the largest rare earths miner and...Read More
Rapaport published a report stating that diamond markets are under pressure as profit margins have tightened and the trade war with China has fueled uncertainty.The international firm revealed that the RapNet Diamond Index, known as RAPI, for 1-carat+ diamonds fell 0.7% in May and is down 1.7% since the beginning of the year.RAPI is the average asking price in hundred $/carat of the 10% best-price...Read More
Shares of RNC Minerals (TSX: RNX) soared by over 22% on Thursday - taking the stock to over C$0.50 for the first time in two months - after another high-grade gold discovery yesterday at its Beta Hunt mine in Western Australia. This is the second discovery of significance at Beta Hunt in the past nine months.Last September, RNC unearthed more than 9,200 ounces of high-grade gold from a single bl...Read More
Russian aluminium producer Rusal does not plan to implement any projects in Venezuela, its spokeswoman said on Thursday.Russia's RIA news agency earlier on Thursday cited Venezuelan vice president Tareck El Aissami as saying Rusal was discussing a possible strategic partnership with Venezuela's Corporaci??n Venezolana de Guayana.(By Anastasia Lyrchikova and Maria Kiselyova; Editing by Christian Lo...Read More
Solgold's (LON, TSX: SOLG) stock took another hit on Thursday, the day after submissions for a public hearing were heard in Ecuadorean Constitutional Court regarding the proposed referendum on mining in the provinces where the Australian miner's 85% owned Cascabel project and other wholly owned exploration projects are located. Solgold holds 72 mineral concessions in Ecuador through four...Read More
Toronto-based Warrior Gold has completed its 15-hole winter drilling program at its Goodfish-Kirana gold project 5 km from the town of Kirkland Lake. The results confirm the geological model, include several significant assays, and confirm historical results.Drilling at the C zone intersected two 100 g/t gold intervals and encountered multiple areas of intense deformation and sericite-carbonate al...Read More
The trade war rumour mill spun uncertain news for Canadian uranium miners this week as Donald Trump considers protectionist measures to light up the US mineral extraction industry. Two uranium mining companies, Ur-Energy and Energy Fuels, have lodged a petition with the White House and said they are "confident" that the President will implement limits on uranium imports after the Commerce...Read More
In recent days the market has moved from expecting a rate cut by January 2020 to now expecting as much as three rate cuts by then. As a result both Gold and gold stocks launched higher, forming a "three white soldiers" bullish reversal pattern.Last week and in previous writings, we noted the importance of the actual rate cut for Gold and gold stocks. Their performance in both nominal and relative...Read More
The world's biggest miner, BHP (NYSE: BHP), published risk assessment results on Friday that revealed five of its tailings dams that would be at "extreme risk" of damage to local environments and harm to nearby residents if they failed, the Financial Times reported. The Australian miner released risk assessment results in response to pressure from a group of investors that requested inform...Read More
Sweden's Deputy Minister of Foreign Trade and Promotion Niklas Johansson said this week that his country is interested in helping Peru develop its lithium mining industry.According to Johansson, Sweden has become lithium-thirsty due to an increase in demand for electric cars, bolstered by government efforts to reduce carbon emissions and promote clean energy solutions.EVs' batteries have an interc...Read More
In a recent report, the World Gold Council revealed that holdings in global gold-backed exchange-traded funds (ETFs) fell in May by 2.2 tonnes to 2,421 tonnes, equivalent to $141 million in outflows, as consistent European fund growth was offset by outflows in North America and Asia.According to the market development organization, May results together with those of February and April have caused...Read More
417 to 3. Imagine a vote like that today in Congress.Well, it happened with the SECURE Act. On the surface, the bill in question seems like a no-brainer.Look under the hood, though, and you'll see what is really going on.While parts of it may help, the real push behind this is undoubtedly setting up the financial industry to secure itself a bigger slice of everyone's pie.In yet another groan-worth...Read More