South Africa's Sibanye-Stillwater expects its full-year attributable loss to be more than $100 million greater than guidance in a trading statement last week, it said on Wednesday, after a review of tax changes in the United States.Sibanye now expects a headline loss per share of 1 cent, compared with 12 cents in 2017The gold and platinum miner's shares fell into negative territory on the news tha...Read More
The Mining Association of Canada is introducing a new standard, the Water Stewardship Protocol, as part of its Towards Sustainable Mining initiative. Miners that follow the protocol will improve their environmental performance and sustainability practice.The development of the Water Stewardship Protocol came as a result of years of work and consultation by industry experts and stakeholder groups,...Read More
As U.S. markets re-open after the holiday, the world's "queen of assets" continues her glorious ascent to higher prices. Please click here now. Double-click to enlarge this magnificent short term gold chart.The rise above $1332 ushers in my new short-term target: $1355!Please click here now. Gold is well on its way to becoming a mainstream asset like stocks and bonds.The reason for that is the "...Read More
Intermediate gold miner New Gold (TSX:NGD)(NYSE:NGD) has been roughly handled by the market, losing 64% over the last year, despite gold losing a mere 1%. Much of this can be blamed on management revising production forecasts downwards and a raft of issues impacting operations at New Gold's Rainy River mine. While there are concerns over New Gold's ability to unlock value, there was a significant...Read More
One of North America's most advanced lithium mining-development-stage plays, Nemaska Lithium (TSX:NMX) is heavily beaten down right now after a precipitous share price drop on February 13. Could this be the best entry point for contrarian investors, who have always harboured some affection for the stock?Why the scary plunge? On February 13, Nemaska Lithium stock plunged by as much as 46% in a day...Read More
Are you looking to make outsized returns by investing in an unpopular cyclical asset that appears to have bottomed? Then look no further than Silvercorp Metals Inc. (TSX:SVM)(NYSE:SVM), which has gained 6% since the start of 2019 and appears poised to soar higher.Quality assetsSilvercorp, a leading primary silver miner in China, reported some solid fiscal third quarter 2019 results despite weaker...Read More
Goldspot Discoveries team celebrate at #DisruptminingGiven the massive amounts of data generated by mineral exploration, using artificial intelligence and machine learning to make discoveries seems like a natural fit for the industry.Goldspot Discoveries, which listed today on the TSX Venture Exchange under the symbol SPOT, takes a big step forward in use of artificial intelligence in the explorat...Read More
Publisher's Note: Today we're bringing you an excerpt of The Dines Letter discussing Russia and its next moves on the global geopolitical stage.Today we're bringing you an excerpt of The Dines Letter discussing Russia and its next moves on the global geopolitical stage.To your wealth,Nick HodgePublisher, Outsider Club"There is no little enemy." -Benjamin FranklinWe envision the gradual merging...Read More
Maritime Resources Corp. of Toronto says 2019 will be a critical year for the company. It plans to advance its Hammerdown gold project in the hope of making a production decision by year-end.The past-producing Hammerdown gold mine, Orion gold deposit, and Lochinvar base and precious metals deposit make up Maritime's Green Bay property near Springdale. Activities this year will include project engi...Read More
As expected, curbs placed on B.C.'s housing market have resulted in lower new housing starts and a loss of about $325 million from property transfer taxes.Last year's budget installed tax curbs to slow down B.C.'s runaway housing market, including increases to the property transfer and school taxes on homes valued over $3 million, and a new real estate speculation tax.But the government isn't coun...Read More
The C.D. Howe Institute says Bill C-69 - aimed at revamping the approval process for the natural resources sector - will further depress a sector that struggled for investment in 2018. Projects will be delayed and exposed needlessly to political risk.Between 2017 and 2018, the planned investment value of major resource projects fell $100 billion, according to the Institute. The plunge is equivale...Read More
The Jackfish SAGD project produces about 105,000 bbl/d and may soon be for sale. (Image: Devon Energy)Devon Energy has announced plans to transform itself into a U.S. oil growth company. The final step will be to sell its Canadian oilsands and Barnett shale assets, a move that may put more than $30 billion in the treasury.Devon's oil sands operations are located on the eastern edge of the Athaba...Read More
As U.S. markets re-open after the holiday, the world's "queen of assets" continues her glorious ascent to higher prices. Please click here now. Double-click to enlarge this magnificent short term gold chart.The rise above $1332 ushers in my new short-term target: $1355!Please click here now. Gold is well on its way to becoming a mainstream asset like stocks and bonds.The reason for that is the "...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday February 21, with strong afternoon performances in the prices of three-month aluminium, tin and lead amid a slowdown in copper and nickel activity.The three-month aluminium price climbed by 2% over the afternoon to reach its highest point since February 7, while a fresh cancelation of more than 17,000 to...Read More
Copper price moves on the United States' Comex trading system reversed in morning trading on Thursday February 21 after recent trade talks between the US and China gave no boost to metal prices.The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped on Thursday by 2.30 cents per lb to $2.8970 per lb.Senior officials from the US and China are engaged i...Read More
Base metals prices on the London Metal Exchange were mostly lower during morning trading on Thursday February 21, with positive steps in US-China trade talks doing little to support slumping prices although both copper and nickel futures held ground. Copper's three-month price consolidated lower over the morning but remains well supported above $6,300 per tonne by LME inventory which is at a decad...Read More
It said a syndicate of underwriters, co-led by GMP Securities and BMO Capital Markets, had agreed on a bought deal basis to buy 7.5 million shares at $5.40 each.Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee"), an advanced platform for the automated distribution of omnichannel product information, and Riversand, a cloud-native Master Data Management (MDM) and Product Information Management (PIM) provider, announced today the formation of a strategic partnership enabling brands to instantly and efficiently communicate...Read More
With the vast majority of the world's diamonds estimated to be conflict-free following the development of certification procedures under the Kimberley Process, the mining industry is now developing a blockchain-based solution to track the supply chain of the precious stones. The industry still faces challenges from insurance fraud, the financing of global pipelines and the tampering of official ce...Read More
* Glencore cuts 2019 copper forecast * Declining LME copper stocks support price * GRAPHIC-2019 asset returns: (Adds closing prices)By Zandi ShabalalaLONDON, Feb 21 (Reuters) - Copper prices slipped fromseven-month highs on Thursday as the dollar firmed and investorscashed in gains from a rally in the previous session fuelled byfalling inventories.The dollar found strength in minutes from a U.S Fe...Read More