Great Bear Resources of Vancouver has hit grades as high as 30.15 g/t gold over 7.25 metres during drilling at its 100% owned Dixie project in the Red Lake District. Both the Dixie Hinge zone (DHZ) and Dixie Limb zone (DL) were drilled, sometimes with a single hole providing core from both zones.At the DHZ hole 031 intersected four gold veins along a 141-metre wide zone of increased quartz veining...Read More
Australian developer Jervois Mining said on Thursday it expects to have chosen by year-end a joint venture partner to help develop its nickel-cobalt battery materials project in New South Wales state.Jervois, whose management is made up of ex-Glencore executives, is developing the Nico Young deposit in southeastern Australia ahead of an expected boom in demand for the metals used in rechargeable b...Read More
The world's largest miner BHP (ASX, NYSE:BHP) took a key step this week towards increasing its presence in Ecuador, the new darling of copper prospectors, by signing an earn-in and joint venture deal with Canada's Luminex Resources (TSX-V:LR).The Vancouver-based miner, which has already enlisted big names such as Anglo American and First Quantum for its other three Ecuadorian assets, has given BH...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
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
This week’s dovish Federal Reserve statement gave gold a boost and in the aftermath, analysts have been talking up the prospect of a real change in fortunes for junior gold stocks. John Kaiser, of Kaiser Research, said that following a “pretty lame start to 2019” for junior mining stocks an upturn could finally be on the way. Junior gold mining companies in particular co...Read More
Industrial stocks have long held a reputation for cash intensity. While it’s true that many industrial stocks have annual capital expenditure budgets of $1 billion or more, that doesn’t mean there isn’t money to be made.There are bargains to be had, especially on the lower end of the market. The following list includes low-priced shares with substantial upside in 2019 and beyond....Read More
In October, Hudbay Minerals (TSX:HBM)(NYSE:HBM) stock traded at just $4.72 per share. This week, the stock surpassed $9 apiece.Still, shares trade at a steep discount to their all-time highs of $28.Why is Hudbay stock up nearly 100%? Is the company finally ready to deliver long-term gains to shareholders?A troubled historyLong term, Hudbay has a terrible track record. In 2003, shares stood around...Read More
Software, metals and mining, and pharmaceuticals may seem like obvious choices for high growth, but what's wrong with obvious choices? Without trying to reinvent the wheel, here is a high-growth mini-portfolio of three outperforming stocks, complete with data for individual stocks as well as its total long-range returns.Descartes Systems Group (TSX:DSG)(NASDAQ:DSGX)Up since the start of the year,...Read More
An infill drill program designed to upgrade inferred resources at its Cerro Blanco project in Guatemala has returned intercepts of 201.4 grams gold per tonne and 2,139 grams silver per tonne over 1 metre from 40 metres downhole, about 20 metres outside the project's current resource envelope, Bluestone Resources (TSXV: BSR; US-OTC: BBSRF) reports.Other highlights included 8.5 grams gold and 7 gr...Read More
Mar 22, 2019 Kitco's own Daniela Cambone is joined by mining all-stars as industry insiders gather to talk silver. The consensus is bullish and optimism for the silver market runs high at this year's reception, the 5th Annual Silver Event at the 2019 PDAC."$1,400 [silver] by the end of the year," said Dan Wilton, CEO of First Mining Gold. Wilton's thoughts on silver are mirrored by other CEOs of t...Read More
Good news from Trenton, New Jersey came through yesterday.A bill to legalize recreational marijuana use cleared two legislative committees and is now set to be voted on next week.This would be a big boost to the current roster of states that allow recreational use.New Jersey would be joining a roster of 10 states, adding about 9 million people to the total population, good for an 11% increase and...Read More
Gold topped out around US$1,900 in 2011 before dropping into a multi-year downturn that bottomed out below US$1,100 in 2015.Since then, gold has bounced around in a narrow range, but recent strength has some pundits wondering if we could be in the early stages of the next big rally.Let's take a look at the current situation in the market and see if this might be a good time to put the miners in yo...Read More
According to global risk consultancy Verisk Maplecroft's latest Resource Nationalism Index (RNI) report, a total of 30 countries have registered a significant increase in resource nationalism risk metrics over the past year, 21 of which are considered major producers of oil, gas and minerals.The RNI is aimed to measure the risk of expropriation, the imposition of more stringent fiscal regimes, and...Read More
Canadian miner Hudbay Minerals (TSX, NYSE: HBM) scored a big win this week after the U.S. Forest Service approved the company's mine plan of operations (MPO) for its $1.9 billion Rosemont copper project in Arizona."Rosemont is now a fully permitted, shovel-ready copper project and we look forward to developing this world-class asset," president and chief executive Alan Hair said in a statement.T...Read More
The Mackenzie Valley Land and Water Board issued a Type B water license approving TerraX Minerals' (TSXV: TXR) broad exploration plan for its Yellowknife City gold project, located in Canada's Northwest Territories.According to TerraX, the Water License, which is effective for seven years until March 6, 2026, enhances the new Land Use Permit that the company obtained last February. The permit cove...Read More
Initial results from Argo Gold's (CNSX: ARQ; US-OTC: ARBTF) 2,500 metre winter drill program at its 100% owned Woco gold project near Ontario's Red Lake district have confirmed high grade results reported by previous operators.The company has so far received results for five holes drilled at the Woco mineralized zone, previously identified in 1993. Two of those holes did not encounter any signifi...Read More
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 by Russia and what little comes out of South Africa. With the new regulations...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The implementation of tariffs and quotas against US steel and aluminium imports has been heralded and criticized as an unusual trade remedy, with President Donald Trump's administration applying blanket duties rather than more focused - and more typical - anti-dumping and countervailing margins.Section 232 of the Trade Expansion Act of 1962, a cold-war era law, allows the president to place restri...Read More