"I want a strong dollar but I want a dollar that does great for our country, not a dollar that's so strong that it makes it prohibitive for us to do business with other Continue...Read More
In the notoriously hype-ridden junior miner space there's never a shortage of great-sounding Continue...Read More
Barrick Gold's (TSX:ABX)(NYSE:GOLD) chief executive Mark Bristow said Monday he's open to negotiate with rival Newmont about a deal to work together in Nevada, but only if his company runs the operations."Nevada, with a combined 76M ounces, will be worth a whole lot more if it is run by one operator," Bristow said earlier in the day, adding that Barrick can do that more efficiently than Newmont....Read More
Australia's gold production hit an all-time high of 317 tonnes in 2018, breaking the previous record of 314.5 tonnes, which stood for 21 years, consultancy Surbiton Associates says.In the third quarter that ended Sept. 30, the country's gold output totalled 81 tonnes, making it the third consecutive quarter where it exceeded 80 tonnes, they say in their latest report.The country's gold production...Read More
Investors are pulling cash from the world's largest gold exchange-traded fund at the fastest pace in more than a year as easing trade tensions push buyers out of safe-haven assets.The $33 billion SPDR Gold Shares ETF, or GLD, saw a net withdrawal of $496 million on Friday, the most in a single day since February 2018. That pushed the five-day total to $720 million, marking the fourth consecutive w...Read More
Newmont Mining (NYSE:NEM) rejected Monday rival Barrick Gold's (TSX:ABX)(NYSE:GOLD) all-stock $18 billion hostile takeover offer, but left the door slightly open by countering with the terms of a deal to merge their operations in Nevada, U.S.Chief executive Gary Goldberg said Newmont's board had concluded that its planned $10 billion takeover of Canada's Goldcorp (TSX:G) (NYSE:GG) was the best de...Read More
Canada's Explorex Resources (CSE: EX) announced that it wants to buy New Tech Minerals' (CNSX: NTM) Buena Vista Hills cobalt - iron oxide - copper-gold project, located in Pershing County, Nevada.In a press release, Explorex said Buena Vista Hills seems to be a unique opportunity and setting for a large scale near surface cobalt target.In order to buy the property, the Vancouver-based miner entere...Read More
The company reported 190 out of 195 drill holes have shown near-surface silver mineralization. We are barely into the third month of the year, but New Pacific Metals Corp. (NUAG:TSX.V; NUPMF:OTCQX) has been moving nonstop, announcing major land expansion news and off-the-charts drill results.In January, the company announced a major land expansion of its Silver Sands project in Bolivia though an...Read More
Sector expert Michael Ballanger reflects on the implications of recent market moves. The 2018-2019 bear market rally that we identified during the last week of 2018 via the 2019 Forecast Issue, entitled "2019: Mayhem, Misallocation and the Mockery of True Price Discovery," is now on record as one of the most ferocious rallies ever recorded, as short sellers are being carried out on stretchers and...Read More
Canada's mining ministers, with the exception of those from Ontario and Saskatchewan, made public on Sunday the Canadian Minerals and Metals Plan or CMMP, which is expected to guide priority areas for the sector in the coming years.Among those key themes are raising Canadians' awareness of the importance of the minerals and metals sector, responding to ongoing and emerging challenges, and helping...Read More
Technical analyst Clive Maund discusses gold's recent price decline and how that could be setting it up for a sustainable breakout. The rather sharp drop in gold late last week, especially on Friday, came as something as a shock to many investors in the sector, yet as we will proceed to see it was set up to react back here or soon, and a period of consolidation or reaction at around this level wi...Read More
Technical analyst Clive Maund charts silver and discusses the factors behind its price decline. Silver fell sharply on Friday after dropping on Wednesday and Thursday, and the reason it fell so sharply can be seen on its latest 6-month chart below which shows that it breached its parabolic uptrend, which had become too steep, this differed from gold whosesimilar parabolic uptrend held, for now. W...Read More
Technical analyst Clive Maund explains why he believes both the fundamental and technical outlooks for this company look strong. Lion One's Tuvatu ProjectLion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) is certainly showing signs that it is turning up here, and so it should given the company's steadily improving fundamentals and the brightening outlook for the sector, notwithstanding any modest near...Read More
March 4 - Newmont Mining Corp on Monday rejected rival Barrick Gold Corp's unsolicited offer, saying the all-stock proposal was not in the best interest of its shareholders as it was offered at a discount.Barrick had offered 2.5694 of its common shares for each Newmont share, which translated to about $33 per Newmont share on Feb. 25, representing a discount to Newmont's trading price by about $3....Read More
"The Post has issued an Editor's Note about updates to its initial coverage of the Jan. 18 incident at the Lincoln.We've also deleted this Jan. 19 tweet Continue...Read More
Financing for global mining and exploration lost momentum in 2018 with equity markets in particular shunning the metals and minerals sector according to a report released on the eve of mining's biggest annual gathering in Toronto, Canada.State of Mining Finance 2019, produced by the Prospectors & Developers Association of Canada (PDAC) and junior financing tracker Oreninc, paints a grim picture of...Read More
Consolidation among smaller gold miners is expected to be top of mind as much of the industry meets in Toronto this week, with dealmakers cautiously optimistic a fresh wave of buyouts is imminent once major pending transactions are settled.Barrick Gold Corp's $18 billion hostile bid for rival Newmont Mining Corp last week came shortly after the former's acquisition of Randgold Resources and the la...Read More
Turkey's flat steel export volumes rose by 55.37% year-on-year in January, according to the latest data from the Turkish Statistical Institute (TUIK). The main reason for the increase was that the local demand was weak in the country in the last quarter of 2018, when orders to be...Read More
Turkey's import volumes of flat steel decreased by 27.06% year on year in January 2019, according to the Turkish Statistical Institute (TUIK).The country imported 497,487 tonnes of flat steel in January of this year, compared with 682,069 tonnes in January 2018, TUIK statistics showed.Demand for flat steel in Turkey has been weak since August 2018, when United States president Donald Trump doubled...Read More
It was a volatile trading day on Wall StreetThe Dow explored a 544-point range on both sides of breakeven, eventually settling with a more than 200-point loss as concerns that stock valuations have run "too far, too fast" offset optimism around a potential U.S.-China trade deal. The risk-off backdrop was further stoked by a weak reading on construction spending and a sharp sell-off for UnitedHealt...Read More