Australia's Resolute Mining (LSE: RSG; ASX: RSG) has agreed to sell its Bibiani gold mine in Ghana to China's Chifeng Jilong Gold Mining for US$105 million in cash.The Western Australia-based miner has received a US$5 million deposit upfront, with the remainder expected upon completion of the transaction, which is expected in March 2021.Resolute Mining acquired Bibiani in 2004, but placed it on c...Read More
The Dow Jones Industrial Average fell 0.57% to finish the trading week at 30,046.37 and the S&P 500 declined by 0.96% to 3,663.46. Spot gold dropped US$24.50 per oz., or 1.31%, to US$1,839 per oz.Seabridge Gold fell by US61 ? to US$17.37 per share. Seabridge announced it had successfully raised US$115.7 million, more than enough to fund the acquisition of Pretium Resources' Snowfield property i...Read More
The S&P/TSX Composite Index rose 0.16% to 17,548.92 during the Dec. 7-11 trading week. The S&P/TSX Global Mining Index fell 0.08% to 99.28, and the S&P/TSX Global Base Metals Index dropped 1.80% to 133.42. Spot gold fell US$24.50 per oz. (1.31%) to US$1,839.50 per oz., and the S&P/TSX Global Gold Index declined by 0.55% to 310.88.Moneta Porcupine Mines jumped 12 ? to 25.5 ? per share. The company...Read More
FPX Nickel Corp. is pleased to provide a year-end review of the CRead full newsRead More
Grande Portage Resources (GPG) has hit promising early results, while testing new...Read full newsRead More
Ottawa, Ontario--(Newsfile Corp. - December 15, 2020) - KWESST Micro Systems Inc. (TSXV: KWE) (Read full newsRead More
Company is raising C$85 million through a subscription receipt offering with a group of investors that will result in a new board and management, as well as a new name.Read full newsRead More
Before it ceased operation in 1942, the Octave mine produced over $310 million worth of gold, and that was from just 30% of the vein. Now it is for sale.Read full newsRead More
Company is raising C$85 million through a subscription receipt offering with a group of investors that will result in a new board and management, as well as a new name.Read full newsRead More
Precipitate Gold Corp. is pleased to announce that Barrick Gold CRead full newsRead More
Brixton Metals Corporation is pleased to provide its rock and soiRead full newsRead More
Western Copper and Gold Corporation is pleased to announce the inRead full newsRead More
Gold continues to be hot this year and junior gold miners are reaping the rewards as analysts bring light to the various investment opportunities that provide access to the companies extracting gold from the earth. Interest is increasing towards allocating to gold in the current market environment. As such, the capital appreciation and diversification potential of small- and mid-cap gold an...Read More
The materials sector .GSPTTMT, which includes precious and base metals miners, added 1.8% as gold futures GCc1 rose 0.9% to $1,844.9 an ounce on Tuesday. The rise comes after a brief correction on Monday that saw gold prices fall as a rollout of the a COVID-19 vaccine in the U.S. and doubts about another round of relief aid out of Congress prompted the precious metal to mark its lowest settlement...Read More
When you research stocks to buy on the Toronto Stock Exchange for the new year, it may be a good idea to avoid tourism. Instead of investing in the struggling travel industry, stocks involved in mining seem to be going strong. More specifically, firms offering services to the booming precious metals extractors might be a good bet.It’s a difficult market to invest in at the moment. Anything s...Read More
If you are worried that the bull market will end soon, you aren’t alone. The massive rally in equities despite the weak economic trajectory is leading many to believe that the stock market could crash in 2021. Whether the market would crash or not remains to be seen. However, we can certainly prepare our portfolio for the next crash. Here are three such top TSX stocks that should be a p...Read More
What's your place in line? It's a question that will be coming up a lot in the next few months as we come to what seems to be the beginning of the end of this pandemic. It's looking increasingly likely that vaccines will be rolled out to the general public here in the U.S. before we ring in the new year. Between now and then, there will be a lot of questions about who gets the vaccine when. Hea...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 16 that are worth another look.A collaboration between metals and mining companies including Anglo American, Glencore and Tata Steel have released a proof of concept carbon tracing platform to trace emissions across the value chain using distributed ledger...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday December 16.Please click...Read More
The London Metal Exchange tin price was the biggest riser on Wednesday December 16, coming close to the $20,000 per tonne mark and setting a new year-to-date high, spurring most of the complex along with it while market participants eyed a congressional deal for a coronavirus stimulus package in the United States. Tin's three-month price rose by 1.1% to $19,925 per tonne on Wednesday at 5pm agains...Read More