Denison Mines (TSX: DML; NYSE-AM: DNN) and UEX Corp. (TSX: UEX; US-OTC: UEXCF) have hashed out a deal that will see each company with a 50% interest in JCU Exploration, a subsidiary of Overseas Uranium Resources Development Co. (OURD).Last month, Denison offered $40.5 million for the prized asset, after UEX had already come to an agreement with OURD to pay $12.5 million for JCU.Now, UEX has agreed...Read More
UK industry will struggle to cope unless domestic miners come to the foreRead full newsRead More
Jefferies said major iron ore miners were best option for the summerRead full newsRead More
BEIJING/HANOI: China said on Wednesday it will release national reserves of some base metals over the near term, as the world's top metals ...Read full newsRead More
A cadre of oil companies, seeing continued profits in shale, are mulling Royal Dutch Shell's (RDSa.L) holdings in the largest U.S. oil field as the European giant considers an exit from the Permian Basin, according to market experts.Read full newsRead More
Canada and the European Union launched a new partnership to secure supply chains for critical minerals and reduce dependence on China in a push for jobs and to counter climate change."With EU partners, we talked about what we can do to build a cleaner economy for years to come," Canadian Prime Minister Justin Trudeau told reporters on Tuesday after meeting with EU chiefs in Brussels. "To begin wit...Read More
FILE PHOTO: A poster demanding:Read full newsRead More
The deal will make it difficult for backers of a massive open-pit gold and copper mine to carry out their project because the new protections cover a portion of a critical route the Pebble Limited Partnership plans to use to transport ore from the mine.Read full newsRead More
June 08, 2021 (ACCESSWIRE via COMTEX) --VANCOUVER, BC / ACCESSWIRE / June 8, 2021 / Gold Mountain Mining Corp. ('Gold Mountain' or the 'Company')...Read full newsRead More
Generating and Exploring Precious Metal Assets in Prolific Jurisdictions Across the AmericasRead full newsRead More
Silver futures for July 2021 delivery closed at $28.04 an ounce on Jun 14. This shows a 5% gain so far this year. Notably, this marked the highest level since August 2008 on data of the ongoing economic recovery and low base effects due to the pandemic. Silver prices have averaged around $26.60 per ounce since the start of 2021. According to the Silver Institute, silver prices will average around...Read More
What a wild first half of the year it’s been for Canadian stocks. While the broader TSX Index is up by impressive double-digit percentage points, it’s worth noting that strength in energy and financials have been primary drivers of the upside surge. In the background, numerous other companies have faded into the background.Many, I believe, have overswung to the downside and are worth c...Read More
I was talking to my colleague Jimmy Mengel the other day and we discussed the phrase: "Nero fiddled while Rome burned."I couldn't help but reflect on that conversation when the latest inflation data hit on Thursday.Once again, the data confirmed what we all know, what we've all seen with our own eyes, and what we here at the Outsider Club have been predicting for more than a year now...Inflation i...Read More
HIVE Blockchain Technologies (TSX:HIVE), or HIVE stock for short, has been stuck in limbo over the past several months amid Bitcoin’s latest pullback. Elon Musk’s flip-flopping tweets have moved cryptocurrencies in a big way in recent weeks.Add growing concerns over a crypto mining crackdown into the equation, and you’ve got the formula for renewed volatility. With Bitcoin bottom...Read More
The Toronto Stock Exchange (TSX) continues to trend positively in June 2021. According to Philip Petursson, Manulife Investment Management’s chief investment analyst, historically, the TSX performs well when oil markets do well. His observation is on point, because the energy sector is the top-performing sector thus far in 2021.Besides energy, the healthcare, financial, real estate, consumer...Read More
All big Canadian gold miners’ stocks have been falling sharply this week, despite the broader market posting a fresh record high on Wednesday. The shares of Kinross Gold (TSX:K)(NYSE:KGC), Kirkland Lake Gold (TSX:KL)(NYSE:KL), and Barrick Gold (TSX:ABX)(NYSE:GOLD) were among the worst-hit gold stocks this week. While Kinross Gold stock has lost 13% on a week-to-date basis, Barrick Gold and K...Read More
Barrick Gold (TSX:ABX)(NYSE:GOLD) had a rough run for a number of years, but the gold mining giant has turned the corner, and the market might not yet see the upside potential for the stock.Turnaround progressBarrick Gold started 2021 with zero net debt. That’s quite a turnaround from several years ago when the company was being crushed by a debt position of US$13 billion. Management embarke...Read More
Jun 17, 2021 Guest(s): Anthony Milewski Chairman, Nickel 28 Nickel is hovering just above $8 lb, and that price is just too low to build a mine, said Nickel 28's chair Anthony Milewski who spoke to Kitco on Tuesday.Nickel had a sharp run up at the start of the year nearly breaching $9 lb before falling back. "No mines are being built at this price, except for maybe some nickel pig irons in Indon...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 17 that are worth another look.Vale is testing the use of unmanned trains at its Mariana iron ore complex to transport ore to the Timbopeba plant in a bid to reverse a recent state-ordered stoppage, it said on...Read More