Nemaska Lithium's (TSX: NMX) board of directors has appointed a special committee to review all strategic alternatives, after the company disclosed this month that it has been forced to revise the budget for the Whabouchi lithium mine and Shawinigan electrochemical plant up by C$375 million.Nemaska, which has received funding from the Quebec provincial and Canadian federal governments, is buildin...Read More
Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD) and U.S. rival Newmont Mining (NYSE:NEM) are working hard on persuading their respective top investors that a merger of the companies is the best, or the worst, option for them.Barrick launched its hostile bid for Newmont on Monday, and updated its presentation on Thursday, adding more information on the expected synergies and benefits of the deal.Barr...Read More
OptiMine (R) Digital Operation CenterContinuing the development of its award-winning OptiMine (R) platform, Sandvik is introducing the newest OptiMine (R) features, focused on analytics and visualization, at Goldcorp's #DisruptMining event."More and more, the mining industry is recognizing the value of information to get the most out of their operations," said Petri Mannonen, OptiMine (R) Product...Read More
Chilean miner SQM said on Thursday it foresees strong long-term demand for lithium but offered a short-term prognosis clouded by the entry of new projects into the market and slowing growth of demand for the product this year.The company's new chief executive, Ricardo Ramos Rodriguez, said in an earnings call he expected sales volume in 2019 to rise slightly from 2018, along with modestly higher a...Read More
The M&A battle among the world’s biggest gold diggers intensified this week, with Barrick bearing its teeth in a US$18 billion hostile bid for arch rival Newmnont. The move was immediately blasted as “desperate” and “bizarre” by Newmont’s CEO, Gary Goldberg. He suggested the “at market valuation” offer - actually a discount to recent sha...Read More
With gold prices hitting a 1o-month high in February, the mega-merger between Goldcorp Inc. (TSX:G)(NYSE:GG) and Newmont Mining (NYSE:NEM) seemed to be progressing smoothly.Peter Hug, the global trading director at Kitco Metals, highlighted how the “uncertainty of trade talks and fears that the U.S. equity market may be running out of steam is creating capital flows into a more protective...Read More
With share prices falling in some of the best mining stocks on the TSX index, capital gains investors have some bargains to choose from at the moment. But what kinds of growth rates in terms of annual earnings can would-be investors expect from discounted mining stocks such as these? With gold and silver potentially set to have a good 2019, value opportunities abound for traders looking for upside...Read More
Mar 01, 2019 Guest(s): Christian Milau CEO & Director, Equinox Gold While many gold investors would be happy to see a euphoric rally in gold similar to the 2011 scenario, Christian Milau, CEO of Equinox Gold, would prefer to see a steady rise in gold prices. "A gradual increase is nice. If [gold] goes up significantly overnight, say $100, everyone wakes up and goes gold's alive again and is exci...Read More
Sherritt International's (TSX: S) stock was up Friday, after announcing the company had reached three billion pounds of finished nickel production since operations began at its refinery in Fort Saskatchewan, Alberta.The Fort Saskatchewan refinery was constructed in 1954 and initially processed feed from Sherritt's Lynn Lake mine in Manitoba. Today, the Fort Saskatchewan refinery processes mixed su...Read More
Canada's Portofino Resources (TSXV: POR) (FSE: POT) executed an amended agreement this week with a private Argentine concession to acquire a 100% interest in the Yergo lithium project in the northwestern Catamarca province.The red dots indicate Portofino's lithium projects in Argentina.In a press release, Portofino said the 2,932-hectare project encompasses a full salar and is located approximatel...Read More
Canada's ALX Uranium (TSXV: AL) signed a non-binding letter of intent this week with Orano Canada, a subsidiary of France's Orano Group.The letter refers to the possible acquisition by ALX of a 51% participating interest in the Close Lake uranium project located in the eastern Athabasca Basin area of northern Saskatchewan. This is the same province that hosts the Hook-Carter project, where the Van...Read More
Mar 01, 2019 Guest(s): John Doody The current gold bull market began in August, 2018, and all signs point to even higher prices, said John Doody, founder and editor in chief of the Gold Stock Analyst. "I don't see the storm clouds on the horizon. The thing that could kill gold is the Fed, and even though the Fed was raising interest rates at the end of 2018, gold was still up and it finished hi...Read More
European scientists have announced plans to start mining the moon as early as 2025, though what they'll be extracting is neither gold nor diamonds, but waste-free nuclear energy thought to be worth trillions of dollars.The goal is to place a lander on the lunar surface to mine and process regolith for water, oxygen, metals and an isotope called helium-3, which may prove useful for fueling future...Read More
Boss Resources Limited (ASX:BOE) has completed the first phase of an optimisation test work program, which forms part of the company's restart strategy for the Honeymoon Uranium Project in South Australia.Results from the test work will be included in a definitive feasibility study examining the Honeymoon restart, which is due for completion in the third quarter of 2019.These results highlight&nbs...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average traded closed higher on Friday ending a three-day losing streak.Tesla (TSLA) launched its long-delayed $35,000 Model 3 but shares fell 7.8% after CEO Elon Musk said the company probably won't be profitable in the first quarter.Ebay Inc. (EBAY) will launch a strategic review of its business,...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Friday March 1, with a continued trend of record-low inventories failing to spur persistent price rallies amid broad strength in the US dollar index. Both copper and nickel futures remain well supported, while volumes were moderate over the afternoon, with copper leading the complex at 19,890 lots changing hands...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
Think gold will be a good inflation hedge in coming months? Think again. Consider: If gold GCJ9, -1.64% were a good inflation hedge, its inflation-adjusted price would be constant. Yet, while U.S. inflation (as judged by the Consumer Price Index) has declined in each month since last October, gold has risen nearly 12%. In the process, the gold-to-CPI ratio has risen markedly, from below 4.8 to ne...Read More
(Reuters) - Venezuela's most successful financial operations in recent years have not taken place on Wall Street, but in primitive gold-mining camps in the nation's southern reaches.With the country's economy in meltdown, an estimated 300,000 fortune hunters have descended on this mineral-rich jungle area to earn a living pulling gold- flecked earth from makeshift mines.Their picks and shovels are...Read More
Miners in the Democratic Republic of Congo (DRC) are starting to look at blockchain as a way to provide supply chain traceability in compliance with customer and regulatory requirements, according to the chief operating officer of Cobalt Blockchain (COBC).Lance Hooper said the Canadian resource company, which has an exploration and development business including assets in the DRC, is extending its...Read More