Toronto-based Avesoro Resources has released the pre-feasibility study for its New Liberty gold mine. The open pit is the country's first and largest commercial gold mine. The new PFS examines development of an underground mine.According to the PFS, the life of the project will be extended seven years to 2029 based on current proven and probable reserves. The open pit reserves are 4.9 million to...Read More
The Global Mineral Professionals Alliance (GMPA) announced the launch of the Global Action on Tailings initiative, aimed at dealing with the challenges around mine waste, particularly tailings.The GMPA is an organization comprised of the Australasian Institute of Mining and Metallurgy; the Canadian Institute of Mining, Metallurgy and Petroleum; the Peruvian Institute of Mining Engineers; the Insti...Read More
Zimbabwean Finance Minister Mthuli Ncube said a rule requiring local investors to control platinum mines will be scrapped and foreigners will be allowed to own 100% in a bid to revive investment."We are removing that indigenization rule, which is discouraging foreign direct investment," Ncube said in an interview with Bloomberg Television in Washington. "We say Zimbabwe is open for business; you c...Read More
Kazakh uranium miner Kazatomprom expects further revenue growth this year on higher prices, it said on Wednesday after posting a 112 percent jump in 2018 adjusted net profit on higher sales volumes and prices.London-listed Kazatomprom's net income adjusted for one-off transactions stood at 66.8 billion tenge (about $177 million), it said in a statement.The world's biggest uranium miner said it exp...Read More
Kootenay Silver's (TSXV: KTN) stock jumped over 4% after the Canadian junior explorer announced that its non-brokered private placement financing, originally for C$2.5 million, closed Wednesday for over C$7 million.Kootenay is actively engaged in the development of major silver projects in Mexico, including the La Cigarra Silver project in Chihuahua, and the Promontorio and La Negra silver discove...Read More
Troubadour Resources (TSXV: TR) announced that it signed a letter of intent with Surespan and its wholly-owned subsidiary Privateer Gold to obtain an option to acquire all of the issued and outstanding shares of Privateer Gold.Privateer Gold is the owner of the Surespan gold property, which is made up of crown granted mineral claims and mineral tenures that cover approximately 13 square kilometres...Read More
SGS Canada is launching a new service for the metals and mining industry - Field Analytical Services and Testing (FAST), in North America and Australia. FAST provides real-time data acquisition in the field by pairing portable instrumentation and machine learning. It will bring instrumentation into the field, provide data within 24 to 48 hours and, with the use of machine learning, enable real-ti...Read More
The U.S. stock market and bullion swooned yesterday, but the GDX gold stocks ETF was up!Gold stocks continue to perform impressively. Rallies look impulsive and corrections feel solid.Please click here now. Double-click to enlarge this daily gold chart. Gold has pulled back by about 30% after staging an enormous $170/ounce rally.In the scenario shown on this chart, gold could trade down to the 5...Read More
With an interesting mix of sin stocks, energy, and mining, there are a few potentially overlooked TSX index tickers out there signalling high growth in expected earnings. Let’s take a look through the data for four such stocks and see whether they would satisfy a capital gains investor today.Surge Energy (TSX:SGY)The oil and gas stock you didn’t know you needed, Surge Energy can compet...Read More
The recovery in the TSX Index to start 2019 has pushed some stocks back toward all-time highs, while others that have been out of favour for some time are picking up a nice tailwind and still appear oversold.Let’s take a look at Barrick Gold (TSX:ABX)(NYSE:GOLD) to see if it might be an attractive pick for your portfolio today.Barrick Gold was a $50 stock when gold hit US$1,900 per ounce in...Read More
After completing its phase two and three drill programs at its flagship Cauchari lithium project in Jujuy, Argentina, Advantage Lithium has more than doubled the project's resource. Based on its new measured and indicated resources, the company says Cauchari is now Argentina's second largest development project.Based on the updated resource, the project now contains 1.8 billion measured and indica...Read More
OceanaGold Corp. has grown the indicated resource for its Martha underground project at its Waihi gold mine in New Zealand by 136% and inferred resources by 97%."Over the past two years, we have made prudent investments in extensively drilling out the mineralized structures beneath the Martha open pit," Mick Wilkes, OceanaGold's president and CEO, noted in a statement. "Since that time we have rep...Read More
First Cobalt Corp. of Toronto has drilled its deepest hole to date at the Iron Creek cobalt project between Challis and Salmon. The hole reached a depth of 611 metres and confirmed that mineralization in the No Name zone extends a further 150 metre down dip.The No Name zone has now been traced to 300 metres down dip in the central area of the deposit and 400 metres in the west.Hole ICS18-28 return...Read More
Eriez announces the release of the company's new white paper, "Trunnion Magnet Technology Delivers Quick Payback." According to the white paper, performance metrics collected through studies conducted among installations of Eriez Trunnion Magnets worldwide indicate a six-month to one-year payback when compared to trommel screen installations.Eriez trunnion magnets offer savings up to $100,000 per...Read More
The U.S. stock market and bullion swooned yesterday, but the GDX gold stocks ETF was up!Gold stocks continue to perform impressively. Rallies look impulsive and corrections feel solid.Please click here now. Double-click to enlarge this daily gold chart. Gold has pulled back by about 30% after staging an enormous $170/ounce rally.In the scenario shown on this chart, gold could trade down to the 5...Read More
Vancouver's Rathdowney Resources has named J.R.H. (Dick) Whittington its new president and CEO. During a career that spans more than 40 years, he has worked in Canada, Mexico, Panama, Papua New Guinea and Australia. He was president and CEO of Farallon Mining until its sale to Nyrstar in 2011 and later of Northern Vertex Mining. Rathdowney's main focus is its Olza zinc-lead-silver project located...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell Thursday for a fourth straight session even after the European Central Bank said it would keep interest rates at near-record lows until at least the end of the year, effectively insuring the Federal Reserve won't tighten anytime soon.Kroger (KR) posted weaker-than-expected fourth-quarter earnings Thu...Read More
Base metals price on the London Metal Exchange were mostly lower at the close of trading on Thursday March 7, with price movements limited by a surge in the US dollar index above the psychologically significant level of 97, while both lead and tin futures retained support.The three-month lead price closed once more above its nearby resistance level of $2,100 per tonne, and continued to exhibit an...Read More
The Comex copper price continued to drift on Thursday March 7 with uncertainty around US-China trade talks forcing market participants to retreat and delay any serious price action. The copper price for May settlement on the Comex division of the New York Mercantile Exchange declined 1.15 cents to $2.9070 per lb. Additionally, European buying was lackluster ahead of the European Central Bank's pol...Read More
Someone last week suggested that Trump sees the stock market as the barometer measuring the success of his Presidency. I think his behavior, tweets, press comments, etc with respect to the stock market validates that assertion.The Dow trended lower all week last after Monday's close. Whenever the stock market faded from an early run-up or began a rapid sell-off, a Trump tweet or press statement wo...Read More