Canadian miner Hudbay Minerals (TSE: HBM) has plans to double the annual gold output from the Lalor gold-copper-zinc mine 13 km west of Snow Lake, Manitoba. As part of the plan the New Britannia mill will be refurbished at a cost of $95 million raising Lalor gold output to 140,000 oz. per year.The Lalor mine will then be joining the ranks of primary gold producers as one of the lowest sustaining...Read More
Most investors have heard of the 'Buffet Indicator', a simple but effective way of looking at the size of the stock market compared to the size of the economy. But have you heard of Mike Maloney's 'Market Fragility Index'? It's an extension of the Buffet Indicator that introduces some very important data. Check out this video to see what it is, how it works, and what is warning about right now. Mi...Read More
The US Army Corps of Engineers has released the Draft Environmental Impact Statement (DEIS), as required under the National Environmental Policy Act, for Northern Dynasty's (TSX: NDM; NYSE : NAK) Alaska Pebble project, one of the richest copper-gold deposits ever discovered.The DEIS is an important milestone and positive development for Vancouver-based Northern Dynasty, its subsidiary Pebble Limit...Read More
China has banned millions of people from any number of activities for being labeled as 'untrustworthy' on the country's Orwellian social credit system. Continue...Read More
"It isn't very often a bill at the state Legislature affects so many Arizonan's civil rights in such an onerous manner," Continue...Read More
A deal that would see Barrick Gold Corp. split returns from its Tanzanian unit with the government could have ramifications for its negotiations with other countries, including Papua New Guinea and Democratic Republic of Congo.The Toronto-based miner's long-term license to operate its mine in Papua New Guinea is due for renewal this year. The question is whether officials there, and in other count...Read More
Iranian mills have managed to achieve higher export sales prices in Asia and the Middle East North Africa (Mena) region due to the uptrend in global billet prices and reduced availability of material from the CIS.Fastmarkets' weekly price assessment for Iranian export billet was $390-410 per tonne fob on Wednesday February 20, compared with $400-410 per tonne fob a week earlier.A la...Read More
According to Lior Gantz the US Dollar is on a path of serious decline. More countries are de-dollarizing as China becomes the pre-eminent economy. Out of control deficits are another symptom of the problem. As the appetite for US Treasuries fades, the Fed will be left with no choice but to print up new dollars to finance the deficits. They're boxed in with very limited choices, none of them attrac...Read More
On Wednesday, hopes that an escalation of the trade war between the US and China can been avoided (or at least postponed) sparked a massive rally in mining stocks - already buoyed by climbing metals prices.US President Donald Trump said yesterday he may not increase tariffs on Chinese products on March 1, as talks about the trading relationship between the world's two largest economies continue in...Read More
A Chinese financial and economic crisis has been in the forecasts of many analysts for years, including my own. So far, it has not happened. Does this mean China has solved Continue...Read More
Since the end of QE and the "taper" in October 2014, the Fed has been trying to "normalize" their balance sheet and interest rates. The balance sheet needed to be reduced from Continue...Read More
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
Several of my so-called friends have been nagging me for years to write something about the basics of investing in resource stocks. I was quite comfortable with whiningContinue...Read More
China's domestic rebar prices dropped on Wednesday April 20 amid sustained weakness in demand. Domestic Eastern China (Shanghai): 3,670-3,700 yuan ($542-547) per tonne, down 30-50 yuan per tonneNorthern China (Beijing): 3,680-3,700 yuan per tonne, down 70-80 yuan per tonneLow temperatures in northern China and rain in the eastern region dampened post-holiday demand, market sources said.This has le...Read More
The US Supreme Court ruled unanimously on Wednesday that the Excessive Fines Clause in the 8th Amendment applies to state and local governments. Continue...Read More
Blockchain is a notable buzzword, and while the technology is being rapidly adopted by many industries, the mining sector has been criticized for staying stuck on old models."The world has been transformed by new technologies such as the internet and the blockchain, mining has continued to do business slower and more expensively than is necessary," said Grant Lenaarts, CEO of Mineral Assurance - a...Read More
Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defender of the US Constitution, Paul has been an advocate of sound money, personal liberty, free markets, and international peace throughout his political career...Read More
Please consider a couple of examples of government-sponsored green deal projects that blew sky high at taxpayer expense.Continue...Read More
On today's episode of Double Down, Max Keiser and Stacy Herbert talk to Egon von Greyerz of Continue...Read More
Peru moved to shut down a major illegal gold mine hub deep in the Amazon after years of expansion destroyed pristine rain forest and polluted rivers with mercury.The government deployed 1,500 agents from the police and armed forces to La Pampa in the Madre de Dios region of southeast Peru on Tuesday to begin closing down mine operations. The crackdown will last two weeks and aims to eradicate mini...Read More