Energy and resources open innovation platform Unearthed joined forces with Adelaide-based OZ Minerals to launch the Explorer Challenge, a competition that brings together data scientists, geoscientists and mining professionals to create machine learning-based mining solutions.Competitors who achieve the goal of predicting the next big mineral deposit in South Australia using real geoscientific dat...Read More
South Africa's Petra Diamonds (LON:PDL) is keeping founder Adonis Pouroulis as chairman, despite some shareholders voting against his renewal at the 2018 annual general meeting.The company, which last month appointed former gold miner Richard Duffy as chief executive effective in April, said the appointment of a new chair was "not appropriate" at this time.Petra said the board and nomination comm...Read More
South Africa's labour court ruled on Wednesday that the extension of a wage agreement to cover all gold unions and non-unionised employees of mining group Sibanye-Stillwater is valid and lawful, the miner said.Sibanye had in December extended the agreement, reached the previous month with the National Union of Mineworkers, UASA and Solidarity, to all employees at its South African gold operations,...Read More
Wheaton Precious Metals, (TSE: WPM) one of the largest precious metals streaming companies in the world, announced record gold production and sales in 2018 and declared a $0.09 per share first quarter dividend for 2019 on Wednesday.In the fourth quarter of 2018, Wheaton generated almost $110 million in operating cash flow, bringing total operating cash flow for the year to over $475 million, fo...Read More
1. The latest U.S. central bank announcement was a win-win for gold.2. If the Fed surprised analysts and hiked rates, the stock market probably crashes, and gold stocks rally strongly.3. As expected, the Fed did nothing and gold stocks outperformed.4. It's a clear win-win situation for gold bugs around the world.5. I'm adamant that the U.S. stock market would already look somewhat akin to the 1929...Read More
Rare precious metal palladium has shot out the lights this year, continuing to climb to record highs ever since rallying substantially in mid-2018. This has been a confusing event for some pundits, because the metal has traditionally performed poorly, trailing behind other precious metals, including platinum and gold. Palladium has performed so strongly that the amount of the white metal required...Read More
In 2016, I asked when uranium prices would ever recover. At the time, the uranium spot market was pricing in a big rebound. In fact, JPMorgan Chase & Co. estimated that uranium prices would more than double by 2020.That resurgence never came. Today, prices are still near decade-long lows.While many uranium investors have thrown in the towel, a major boom could be just around the corner. This...Read More
Last year was a tough time for investors in gold miner Pretium Resources Inc. (TSX:PVG)(NYSE:PVG), with the market heavily marking down its stock after its flagship Brucejack mine failed to deliver as promised. Even after rallying sharply over the last month, Pretium is still down by 2% since the start of 2019 trailing gold, which has gained almost 3% and created an opportunity for investors seeki...Read More
Over the latter half of 2018, gold miner Continental Gold (TSX:CNL) was roughly handled by the market after experiencing a range of operational and security issues combined with a significant cost blowout at its flagship Buritica project in Colombia. While I maintained my considerable conviction regarding the miner's potential and the quality of the Buritica asset, it did make me pilloried by som...Read More
Investing in gold can be tricky.The most direct option is to buy a gold ETF like SPDR Gold Trust or iShares Gold Trust. Often, however, these ETFs purchase futures contracts, not gold itself, potentially leading to pricing discrepancies over the long term.Another option is to buy stock in a gold miner. If history is any suggestion, this is a risky way to make a long-term bet on gold.Mining compa...Read More
Consumer staples don't get much closer to the realm of true defensiveness than food producers. However, the following three Canadian stocks, while representing some of the best such investments to be found on the TSX index, might need to be approached with caution by the long-term value investor with little appetite for risk.Rogers Sugar (TSX:RSI)TSX index investors who like to pay attention to pe...Read More
Mar 21, 2019 Guest(s): Phillip Streible Senior Market Strategist, RJO Futures Sitting on solid supply and demand fundamentals, palladium may have more room to grow even with the recent run-up in prices, this according to Phil Streible, senior market strategist at RJO Futures. "There's no question on how high [palladium] could go because of the fact that there's limited supply and it's controlled...Read More
Paulson & Co., which holds 14.2 million shares of Newmont Mining (NYSE: NEM), said on Thursday that it does not support Newmont's proposed acquisition of Goldcorp (NYSE: GG, TSX: G) as it is structured.Paulson sent a letter to Gary Goldberg, president and CEO of Newmont, that outlines how the deal, under the current terms, creates negative value for Newmont shareholders."The $1.5 billion p...Read More
Toronto-based Nuinsco Resources has found high grade gold values up to 122 g/t at the past producing Sunbeam mine 25 km northeast of Atikokan. The bonanza grade came from quartz vein material collected near the mine shaft.Geologists collected 28 grab samples, three of which contain visible gold. Samples were taken from outcropping rock and the waste dump as well as from debris in the shaft. All sa...Read More
When it comes to extracting materials from a slurry, the method of extraction can have as many consequences as it does advantages. In some processes, air is injected into the slurry, which separates the desired materials (such as ore) from the discardable liquid.Froth applications can be challenging for conventional horizontal suction end pumps. It is not uncommon for the aeration to result in air...Read More
Fertilizer Canada - representing manufacturers, wholesalers and retailers of nitrogen, phosphate, potash and sulphur fertilizers - has decried the lack of consultation with the Saskatchewan government before changes were made to the current potash taxation regime.Saskatchewan potash producers - Nutrien, BHP and Mosaic - had no input before the surprise provincial budget announcement that they may...Read More
Bryan A. Coates Is the new chair of Falco Resources in Montreal. following the resignation of Sean Roosen from the board. Coates is also president of Osisko Gold Royalties.Toronto-based Copper One has named Stan Bharti president, CEO and director of the company. With over 30 years' experience in engineering, finance, markets, operation and entrepreneurship. He replaces Paul Pint, who has resigned....Read More
Mar 21, 2019 Guest(s): Baldo Prokurica Minister of Mining, Chile Chile is the world leader in copper production, but the country also has reserves of cobalt and lithium primed for the electric revolution, said Baldo Prokurica, Minister of Mining of Chile. "We're really driving and pushing the e-mobility aspect. Right now, Chile is the second country with the most electrical busses after China, a...Read More
1. The latest U.S. central bank announcement was a win-win for gold.2. If the Fed surprised analysts and hiked rates, the stock market probably crashes, and gold stocks rally strongly.3. As expected, the Fed did nothing and gold stocks outperformed.4. It's a clear win-win situation for gold bugs around the world.5. I'm adamant that the U.S. stock market would already look somewhat akin to the 1929...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed higher despite Federal Reserve concerns over slowing global growth. Biogen Inc. (BIIB) tumbled 29.2% after the biotech company dropped a late-stage trial for aducanumab, an Alzheimer's disease drug. Shares Levi Strauss & Co. (LEVI) soared nearly 32% as the clothing company opened for...Read More