Equinox Gold (TSX: EQX; NYSE-AM: EQX) has sold 11 million common shares in Solaris Resources (TSX: SLS) for aggregate gross proceeds of $70.4 million, cutting its ownership to less than 10% of the Ecuador-focused junior explorer's issued and common outstanding shares.Equinox had previously owned 15.545 million common shares and warrants, entitling it to purchase 7.5 million common shares represent...Read More
US fertilizer producer Mosaic (NYSE: MOS) has temporarily cut production at its Colonsay potash mine in Saskatchewan, Canada, due to slower-than-expected demand.Prior to the curtailment, Colonsay had been operating at a yearly run rate of 1.3 million tonnes and Mosaic had plans to expand output to between 1.8 million and 2 million tonnes by late 2023.The company's move contrasts with the position...Read More
This week's podcast features Agnico Eagle Mines executive chair Sean Boyd in an interview with Northern Miner Group president Anthony Vaccaro at the Canadian Mining Symposium in London, England. Sean explains the philosophy behind Agnico's 'slow and steady' strategy, despite recent acquisitions, as well as the ongoing benefits of maintaining the trust of employees, and how the company has managed...Read More
Kodiak Copper (TSXV: KDK; US-OTC: KDKCF) has made new high-grade gold-silver discovery from trenching at its 100% owned MPD copper-gold porphyry project in southern British Columbia. The discovery was made on surface within the Beyer Zone, where the company previously reported a surface sample that assayed 14.15 grams gold per tonne and 9.4 grams silver.Trench sampling has now expanded this new su...Read More
Probe Metals (TSXV: PRB) and Midland Exploration (TSXV: MD) have announced a new copper-gold-silver-molybdenum discovery at the La Peltrie project in Quebec's Detour Lake region, with hole LAP-22-012 drilling 345 metres of 0.2% copper equivalent from near surface.The wide zone is open laterally and at depth at La Peltrie, which Probe holds in a joint venture with Midland.Shorter highlight interva...Read More
Eldorado Gold (TSX: ELD; Nasdaq: ELD) has reported a 7% year-on-year drop in the reserve base underpinning its four operating mines in Turkey, Greece and Canada to 7.4 million oz. gold, following a 6% drop last year, the company announced after market close on Monday.Eldorado reported fewer reserves at each of its operating mines, with a 9% dip in grade at the Lamaque mine in Quebec to 6.6 grams g...Read More
Diversified miner Teck Resources (TSX: TECK.B, TECLK.A) temporarily closed the Highland Valley copper mine's Valley pit on Monday.Teck said in a brief news release the closure was a proactive measure in response to a geotechnical instability within the pit.Teck said the Valley Pit would reopen after remediation, and the area was confirmed safe.The company said there is no risk to worker safety, no...Read More
K92 Mining (TSX: KNT; US-OTC: KNTNF) announced on Tuesday two major developments for its Kainantu gold-copper-silver mine in Papua New Guinea, the first being an extension of the mine lease by 10 years to June 2034, followed by the board's approval for the mine's Stage 3 and 4 expansions.The staged expansions would increase Kainantu's annual processing throughput to 1.2 million tonnes per year and...Read More
Argonaut Gold (TSX: AR) has inked a deal with Heliostar Metals (TSXV: HSTR) to sell its Ana Paula gold project in Guerrero state, Mexico for US$30 million in cash and shares. The announcement comes 20 months after a planned sale of the asset to AP Mining fell through in April 2021.Under the agreement, Heliostar will pay US$10 million upfront; US$5 million in shares upon renewing the open-pit minin...Read More
Two years ago, in this column, I reminded readers of The Northern Miner that the mining industry has a patron saint, Barbara, whose feast day (Dec. 4) is observed by miners and tunnellers around the world, especially in continental Europe.You might recall that Saint Barbara was an early Christian martyr, with accounts placing her in third century Nicomedia (in present-day Turkey) or in Heliopolis...Read More
Back in 2015, about a year after Russia annexed Crimea, Russian hackers wrested control of Ukraine's power grid and cut off electricity at three different companies.Some 30 substations were switched off, and about 230,000 people were left without electricity for up to six hours.They didn't have lights or, in many cases, heat.Being left without heat in the dead of winter isn't just an inconvenience...Read More
Share this article TORONTO - Infinity Stone Ventures Corp. [GEMS-CSE; GEMSF-OTC; B21-FSE] has completed its fall drill program on the 100%-owned Rockstone graphite project located near Thunder Bay, northwestern Ontario.The company completed drilling of four holes, RS-22-01, RS-22-02, RS-22-03 and RS-22-04, totalling 800 metres. The initial goal of the fall drill program was to confirm the initial...Read More
Of all the nightmarish tales German parents tell their children at night, the curse of the Dunkelflaute may be the most frightening.Never heard of it? You're not alone. Truth is, I'd bet most people outside of a meteorology department have never even heard of the term before. And the Dunkelflaute is far scarier than my grandmother's fantastical myths about Baba Jaga creeping outside my wind...Read More
Wall Street Silver, Released on 12/9/22Egon von Greyerz joins us to discuss the main reason for the chaos we are living in now. The federal reserve has been printing money like crazy, resulting in a severe economic decline and inflation. Furthermore, we talk about Credit Suisse, Russia and Ukraine war, and more.Egon von Greyerz is founder and Managing Partner of Matterhorn Asset Management AG & Go...Read More
Opposing Points, Released on 12/8/22In his new book, The Great Money Bubble: Protect Yourself from the Coming Inflation Storm, New York Times bestselling author and former investment manager David A. Stockman, who served as director of the Office of Management and Budget under President Reagan, explains the roots of today's runaway inflation so investors at all levels can calibrate their financial...Read More
Financial Survival Network, Released on 12/8/22Summary: What's in store for inflation and the markets? Charles Nenner comes on the show to discuss some financial charts and explain how cycles work. We're in an inflationary cycle that could go on for the greater part of a decade, and we can expect low inflation until February of next year. This cycle correlates with the prices of things like food a...Read More
The Market Sniper, Released on 12/9/22Bill Holter is currently a writer for Miles Franklin and Jim Sinclair's Mineset where he posts weekly commentaries on gold and financial markets. Prior to joining Miles Franklin in 2012, Bill Holter Worked as a retail stockbroker for 23 years, including 12 years as a branch manager at A.G. Edwards. Later, he left Wall Street to avoid potential liabilities rela...Read More
Kitco News, Released on 12/9/22Global Investors face unprecedented turmoil in 2023: an impending global recession, persistently high inflation, and aggressive monetary policies worldwide. Join us for Outlook 2023 LIVE with Gareth Soloway, Co-Founder & President of Verified Investing Education and get his forecast of what to expect in various markets in the new year. Gareth, a trader who integrates...Read More
Doug Casey's Take, Released on 12/9/22Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about specific market verticals including natural resources/metals/mining, energy, commodities, and techno...Read More
Kitco News, Released on 12/8/22Ted Oakley, Founder and Managing Partner at Oxbow Advisors, discusses the FOMC's upcoming meeting, labor markets, how to select good companies to invest in, a potential housing market downturn, and the upcoming recession in 2023. He spoke with David Lin, Anchor and Producer at Kitco News. 0:00 - Fed rate hike2:37 - Labor market6:44 - Asset allocation10:56 - Investmen...Read More