Russian miner Nordgold (LSE: NORD) is offering to buy all shares in Ghana-focused Cardinal Resources (ASX: CDV) it does not already own, valuing the Australian-listed company's equity at A$347 million (US$243 million).Nordgold, whose non-executive chairman is billionaire Alexey Mordashov, is Cardinal's largest shareholder with a voting power of almost 19%.The Moscow-based company had attempted to...Read More
Cornerstone Capital Resources (TSXV: CGP) plans to call a meeting of SolGold's (TSX: SOLG; LSE: SOLG) shareholders to replace the company's entire board, the investor said today.The move by the Ontario-based junior, which has an 8% interest in SolGold, comes after it rejected the Ecuador-focused mining company's second takeover approach on July 14."The current SolGold board is incapable of managin...Read More
Putting nature above business considerations has the potential to generate 395 million jobs and US$10 trillion in business opportunities by 2030, the World Economic Forum (WEF) says in a new report.Unprecedented job losses and economic uncertainty due to the coronavirus pandemic have governments looking at ways to stimulate growth safely. Experts at the WEF say the answer can be found in what they...Read More
Fastmarkets has settled the benchmark premium for the supply of aluminium to main Japanese ports (MJP) in the third quarter of 2020 at $75-79 per tonne over the London Metal Exchange cash price. The premium is 6% lower than the second-quarter benchmark of $82 per tonne and significantly lower than the third-quarter of 2019 which settled at $108 per tonne cif MJP. The sharp drop was driven by...Read More
TORONTO - Yamana Gold Inc. says the Canadian Malartic mine in Quebec has ramped up production more quickly than anticipated following a COVID-related shut-down. The mine, one of North America's largest gold producers, milled more than 60,000 tonnes per day of ore in both May and June, partially offsetting the down time and ramp-up in production that began April 15 after the province allowed wo...Read More
It's a good time to be a gold miner.Gold prices have been on the rise after briefly falling along with equities when investors first ran to cash as the pandemic initially spread to the U.S. Gold futures have gained more than 20% from their March lows to where they are today -- trading for moreRead full newsRead More
MP Materials, owner and operator of Mountain Pass, the only rare earth mining and processing site of scale in North America, today announced a definitive agreement to merge with Fortress Value Acquisition Corp. (NYSE: FVAC), a special purpose acquisition company sponsored by an affiliate of FortressRead full newsRead More
The latest company news releases.Read full newsRead More
Renforth Resources Inc. would like shareholders to know that JulyRead full newsRead More
Kerr Mines Inc. is pleased to announce that it amended the termsRead full newsRead More
PORTOFINO RESOURCES INC. is pleased to announce the appointment oRead full newsRead More
In case you haven’t noticed, things are not going well for our neighbours to the south. At the beginning of the pandemic and economic downturn, there were many economists recommending investors look to U.S. equities to keep cash safe. After all, the United States is considered the super power of the world. If there is any country set to make a comeback the quickest, it’s this country....Read More
Silver, gold’s under-performing younger sibling, is on a tear and could double in 2020. The price has outpaced gold over the past few weeks. If things keep heading in the precious metal’s favour the price could soon exceed US$20 an ounce. With the metal moving higher, should investors take a look at owning it today?Bullish factorsPractically everything seems to be moving on silver&rsqu...Read More
Equities across the globe were relatively quick to recover post-COVID-19 crash. Canadian broader markets managed to surge around 45% since its record lows in March, marking one of the grand upturns of all time.However, there are some TSX stocks that soared far beyond broader markets. One of them is Pan American Silver Corp. (TSX:PAAS)(NASDAQ:PAAS). The stock has soared 216% since the epic coronavi...Read More
Image by Jo Johnston from Pixabay. MAJOR, a manufacturer of high-performance wire screening media, is offering aggregate and mining producers access to the company's free virtual training series to help operations optimize efficiency and team learning amid the conditions caused by covid-19.The on-demand webinars provide practical tips involving screen media, screen boxes and the screening process...Read More
Publisher's Note: Today we're bringing you an excerpt from an Interim Warning Bulletin from The Dines Letter.Mr. Dines keeps his readers up-to-date between monthly issues with IWBs and, with gold topping $1,800 and extreme risk in the markets, it is good to hear from him.Call it like you see it,Nick Hodge Even though many stock market averages are near their all-time highs, our Mass Psychology In...Read More
MINING.COM MINUTE is a roundup of the biggest stories from the global mining and metals industry.This week's top stories:Barrick sees 15% drop in Q2 gold output - Read moreCovid-19 disrupts $8.8 billion of global mining output - Read moreESG to play a greater part in post-covid mining - Read moreNorthern Dynasty expects final Pebble EIS next week - Read moreFirst rare earth firm in decade to go p...Read More
1980 Marathon C-300 Electric Car by Marathon Electric Car Ltd. of Montreal, Quebec, Canada. US sales outlet was Marathon Electric Vehicles of Falls Church, Virginia. Image: Alden Jewell. Car sales are running at least 20% below 2019 levels with annualized June figures pointing to a 2020 light vehicle market of 76.6 million units. At the same time, electric vehicle penetration rates continue to c...Read More
Round Top rare earths project is located outside El Paso, Texas. Image from USA Rare Earth. Geomega Resources, (TSX:V.GMA) a rare earth clean technologies developer, and USA Rare Earth, the funding and development partner of the Round Top Heavy Rare Earth project in Texas, announced Thursday that they have entered into a Letter of Intent (LOI) to recycle rare earth-containing production waste fro...Read More
Pilot plant will have the capacity to concentrate 30 tonnes per hour of dry ore, using magnetic separation technology (Credit: Vale) Vale (NYSE: VALE) has launched in Minas Gerais, Brazil, a pilot plant with magnetic concentration of low-grade iron ore, without using water. The Brazilian technology, known as FDMS (Fines Dry Magnetic Separation), is unique in the world and was developed by New Ste...Read More