"@cbcnewsbc Was just at a JJ Bean this morning and had no idea this was going on. They need a sign by the cash register. I bet more people would join in then!"Read full newsRead More
Western Copper and Gold Corporation ("Western" or the "Company") (TSX:WRN; NYSE American:WRN) announces that Julien Fran??ois, Chief Financial Officer and Corporate Secretary, has resigned to pursue other opportunities. Read full newsRead More
"PDAC 2019 Video Interview - Lobo Tiggre @duediligenceguy: "Uranium is Happening Now". View the interview at https://t.co/FXC7tPXbtK #uranium #gold #preciousmetals"Read full newsRead More
"PDAC 2019 Day 3 - We've put together some of the key events and interviews that took place on day three of this year's PDAC convention in Toronto. Hear what industry experts and mining executives had to say https://t.co/U0EfAQoesL #PDAC2019 #INNatPDAC"Read full newsRead More
The Australasian Institute of Mining and Metallurgy (AusIMM) and the Government of the State of Victoria in southern Australia announced this week a partnership focused on those who aspire to work in the mining sector.In a media statement, AusIMM said that the initiative is particularly focused on helping women make an increased contribution to the industry with an emphasis on getting more women a...Read More
Iron ore mining giant Rio Tinto's (LON: RIO) shares dropped more than 7% on the London Stock Exchange Thursday, following two consecutive analyst downgrades.On Wednesday, Swiss bank UBS lowered its Buy rating for Rio Tinto to Neutral, citing a possible downturn in iron ore prices over the next six months.This was followed up Thursday by another downgrade - from Hold to Sell by French investment...Read More
Eriez announces the release of the company's new white paper, "Trunnion Magnet Technology Delivers Quick Payback." According to the white paper, performance metrics collected through studies conducted among installations of Eriez Trunnion Magnets worldwide indicate a six-month to one-year payback when compared to trommel screen installations.Eriez trunnion magnets offer savings up to $100,000 per...Read More
South Africa's struggling state power firm Eskom may need more bailouts from government to survive, after the country's energy regulator on Thursday granted it smaller tariff hikes than the utility had wanted.Eskom supplies more than 90 percent of the power in Africa's most industrialised economy. But it is grappling with cashflow problems, breakdowns at its creaking coal-fired power station fleet...Read More
First Cobalt Corp. of Toronto has drilled its deepest hole to date at the Iron Creek cobalt project between Challis and Salmon. The hole reached a depth of 611 metres and confirmed that mineralization in the No Name zone extends a further 150 metre down dip.The No Name zone has now been traced to 300 metres down dip in the central area of the deposit and 400 metres in the west.Hole ICS18-28 return...Read More
Vancouver-based GoldMining has updated the resource estimate for its Yellowknife gold project in the greenstone belt of the same name.The latest resource estimate contains 1.1 million oz. of gold in 14.1 million measured and indicated tonnes grading 2.33 g/t gold. The inferred portion contains 739,000 oz. in 9.3 million tonnes grading 2.47 g/t gold. The new numbers are an 18% increase in the mea...Read More
McEwen Mining (MUX) was trading 3% lower on Thursday after the Toronto-based company announced suspension of a shareholder payout just a day before the record date.Chairman Rob McEwen, who owns 23% of the company worth $586 million in New York, said it decided on the freeze because of operating issues at the Black Fox mine in Ontario and with the startup of its Nevada project Gold Bar:"While viewe...Read More
Murchison Minerals (TSXV: MUR) announced this week that it is now the sole owner of the Haut Plateau du Manicouagan (HPM) nickel-copper-cobalt project in Qu?(C)bec, following its acquisition of Pure Nickel's (TSXV: NIC) 50% interest in the project.To be able to complete the transaction, Murchison had to make a $50,000 payment and issue 500,000 common shares of the company to Pure Nickel. The HPM p...Read More
Vancouver's Rathdowney Resources has named J.R.H. (Dick) Whittington its new president and CEO. During a career that spans more than 40 years, he has worked in Canada, Mexico, Panama, Papua New Guinea and Australia. He was president and CEO of Farallon Mining until its sale to Nyrstar in 2011 and later of Northern Vertex Mining. Rathdowney's main focus is its Olza zinc-lead-silver project located...Read More
OceanaGold Corp. has grown the indicated resource for its Martha underground project at its Waihi gold mine in New Zealand by 136% and inferred resources by 97%."Over the past two years, we have made prudent investments in extensively drilling out the mineralized structures beneath the Martha open pit," Mick Wilkes, OceanaGold's president and CEO, noted in a statement. "Since that time we have rep...Read More
Ivan Glasenberg, head of Glencore, will no longer be a member of the board of Russian oil major Rosneft, Rosneft board meeting minutes showed on Thursday.Glencore sold a 14.16 percent stake in Rosneft in May 2018, the company said, and now holds a stake of 0.57 percent.Rosneft listed 11 candidates for membership of the board on Thursday, all of whom were put forward by shareholders with over 2 per...Read More
China's Tianqi Lithium, the world's No.3 producer of the metal used in electric vehicle batteries, will appoint three members to the board of Chile's Chemical and Mining Society (SQM), as it recently acquired almost a quarter of the company.The Chengdu-based producer said the chosen executives will be "fair" and "responsible toward shareholders", adding their names will be announced in April.Tian...Read More
The Toronto conference of the Prosecutors and Developers Association of Canada (PDAC) gave investors and analysts a chance to discuss the M&A surge among major gold companies and its potential effect on the smaller gold stocks this week. Even though the initial $18bn hostile bid by Barrick for rival Newmont - which aims to create the world’s largest gold mining group - is not ne...Read More
The recent rally showed quite a bit of promise.Gold stocks surged past their long-term moving averages while breadth indicators surpassed all prior bear market peaks (excluding 2016). 71% of the HUI and 81% of GDXJ closed above the 200-day moving average.GDX and GDXJ looked to be on their way to $25 and $37, with Gold approaching $1360/oz and those breadth figures on the way to hitting 90%.However...Read More
Silver has drifted lower since the start of 2019, losing almost 3% as it followed gold lower, while the uncertainty gripping financial markets which propped up precious metals in late 2018 and into 2019 has subsided. Despite this weakness, many silver miners — as evidenced by the Global X Silver Miners ETF gaining 3% for the year to date — haven't fallen sharply in value. This can be a...Read More
Goldcorp, (TSX: G, NYSE: GG) Yamana Gold, (TSX:YRI; NYSE: AUY) and Glencore (LSE:GLEN; JSE:GLN) signed an integration agreement this week that stipulates the Agua Rica copper-gold project in Argentina will be developed and operated using the existing infrastructure and facilities at the Alumbrera mine."The integration of the Agua Rica project and the Alumbrera mine has significant merit given the...Read More