South African coal mining company Exxaro Resources Ltd said on Thursday its full-year earnings climbed 7 percent, boosted by higher coal prices and the absence of one-off transactions seen a year earlier.Core headline earnings per share (HEPS) rose to 2,159 cents or 7.167 billion rand ($496.24 million) for the year ended Dec. 31, 2018, from 2,011 cents per share or 6.295 billion rand in the same p...Read More

A drill program last year to validate historic resources at Reunion Gold 's Nivre deposit in French Guiana has resulted in a 43-101 resource that is similar to its counterpart reported in 1998.The Nivre deposit contains 18.9 million indicated tonnes grading 1.09 grams gold per tonne for 665,000 ounces of gold and 26 million inferred tonnes grading 1.06 grams gold for 883,000 ounces of gold.The Dor...Read More

Africa-focused Gem Diamonds (LON:GEMD) has sold a 13.33 carat pink diamond recovered at its flagship Let??eng mine in Lesotho last month for $8.8 million.The high-quality pink colour type I diamond sold at a tender in Antwerp, Belgium, achieving a record price per carat of almost $657,000.Let??eng mine is well-known for yielding some extraordinary diamonds, such as the 910-carat "Lesotho Legen...Read More

Canada's Goldcorp (TSX:G) (NYSE: GG) said workers at its Cerro Negro mine in Argentina have returned to work, after an illegal strike at the gold producing operation, the company's biggest in the South American country.Mining stopped on March 8, when members of the Asociaci??n Obrera Minera Argentina (AOMA) downed tools, and processing activities also ceased following the exhaustion of surface sto...Read More

Russia's RDIF sovereign wealth fund said on Thursday it had completed a joint deal with the Russia-China Investment fund and a Middle Eastern sovereign wealth fund to acquire a 9.53 stake in Russian mining company Intergeo.Intergeo, a part of Onexim Group, which manages the assets of Russian billionaire Mikhail Prokhorov, is developing its Kingash deposit in Russia's Krasnoyarsk region and Ak-Sug...Read More

Leagold Mining produced 302,550 oz. gold in 2018 from its four operating mines at C$974 all-in sustaining costs (AISC) for a $83.2 million AISC margin.The company brought in $376.5 million in revenue for a net income of $15.2 million, up from a $7.5 million net loss the year before.The company brought in $376.5 million in revenue for a net income of $15.2 million, up from a $7.5 million net loss t...Read More

Toronto-based Metals Creek Resources is passing along the latest drill results from its Garrison gold project 35 km northwest of Kirkland Lake. The property has two distinct anomalies - the 1,000-metre long Southern anomaly that has historic drilling results and the 600-metre long Northern anomaly that has not been tested.Two holes last year targeted the Southern anomaly. The first hole had no sig...Read More

On March 14 the Mining Association of Canada released the latest edition of its annual Facts & Figures report that provides a comprehensive overview of the trends affecting Canada's mining sector. It contains the unwanted truth that this country's competitiveness continues to erode.Canada is losing its ability to seize new opportunities for growth and it is essential the federal and provincial gov...Read More

Pan African Minerals, a unit of Timis Mining Corp., won't resume production at its Tambao mine in Burkina Faso as a Paris-based arbitration court has dismissed the company's $2.2 billion claim against the West African nation.Tambao, one of the world's largest manganese mines, was forced to halt activities in 2015 following a change in leadership in Burkina Faso. The company then asked the Inter...Read More

Para Resources (TSXV: PBR) announced this week that it successfully tested the full CIP circuit at its Gold Road mine in Oatman, Arizona, including a test pour of gold.In a press release, the Vancouver-based miner said that a 40-ounce dor?(C) bar was poured on March 11, 2019, from the initial carbon strips after the entire plant was balanced.Para also reported that the full circuit of mining, crus...Read More

Russia's trade and industry ministry is considering a temporary ban on the export of precious metals scrap and tailings, the ministry said, to promote domestic refining of the materials.The proposed ban would last from May 1 to Oct. 31 this year, the Kommersant newspaper reported earlier, citing ministry documents.Russian precious metal refining facilities - the main consumers of raw materials con...Read More

SANTIAGO - Chilean lithium miner SQM on Thursday received environmental approval to expand its lithium carbonate production plant, the local environmental regulator told Reuters, marking a milestone as the company seeks to boost output of the coveted ultralight battery metal.The $400 million plant expansion, once complete, would allow the Chinese-backed SQM to eventually produce as much as 180,000...Read More

Vedanta Zinc International, a unit of diversified miner Vedanta Resources , said on Thursday it would close its zinc refinery in Namibia for five weeks after a strike by its mining contractor depleted stocks.Miners downed tools from Feb. 22 to March 6, affecting waste-stripping at the mine in southern Namibia and mining of ore, the firm said.The Skorpion Zinc Refinery continued operating during th...Read More

After four straight months of inflows, holdings in global gold-backed ETFs and similar products fell in February by 33 tonnes to 2,479t, equivalent to $1.3 billion in outflows, and gold trading volumes decreased 5% below the 2018 averages to $104 billion per day, according to data from the World Gold Council (WGC).However, global gold-backed ETF flows remain positive on the year ($1.7 billion) on...Read More

Uranium Participation Corp (TSX:U) is an incredibly straightforward company. It’s also one of the only ways you can gain direct exposure to the price of uranium.The company’s mission is simple: invest nearly all of its assets in uranium. The firm’s primary investment objective is to achieve “appreciation in the value of its uranium holdings through increases in the uranium...Read More

A Toronto-Dominion Bank Securities report recently forecast that the Bank of Canada would keep the benchmark rate on hold until late 2020. Stepping in line with many oddsmakers, the forecast suggests that a rate cut is the more likely move in 2019 due to soft economic data. Earlier this week I'd discussed how much pressure the moderate credit crunch was putting on consumers.If this forecast turns...Read More

Continental Gold's (TSX:CNL; OTCQX:CGOOF) shares surged over 11% on Friday, the same day the Toronto- based miner announced that it obtained a $175 million financing package backed by Newmont and Triple Flag Mining Finance.The package includes a $50 million debenture from Newmont, and a $100 million gold and silver stream from Triple Flag . Each of the debentures will be convertible at the h...Read More

Teck Resources (TSX:TECK.B)(NYSE:TECK) has long been known as a coal company — a resource so volatile and controversial that many investors believe it could ultimately drive the company to financial ruin. Last year, I addressed whether Teck Resources could go completely bust.However, peering under the hood, Teck Resources’s management team has been positioning the company for success...Read More

Mar 15, 2019 Guest(s): Bradford Cooke CEO, Endeavour Silver Silver's rally has yet to come, but the white metal is sitting on solid fundamentals right now said Bradford Cooke, CEO of Endeavour Silver. "I think we already have lifted off the bottom on both of the precious metals. Silver is normally leveraged to gold and we haven't seen that slingshot move yet. I think we will later this year," Co...Read More

It is easy to forget with all the explosive growth in the marijuana sector how far it could really go.We're still in the early days of the marijuana industry.Sure, this is obvious in the U.S., but it is true for even the most comprehensive recreational and medical markets.Look no further than what we discussed last week, as Canadian businesses are falling short of sales expectations because of pro...Read More