Rio Tinto (NYSE: RIO; LON: RIO; ASX: RIO) is now the majority owner of the giant Oyu Tolgoi copper-gold mine in Mongolia, as it has completed its US$3.3 billion buyout of Canadian miner Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ).Shareholders of the Montreal-based company approved on Monday the deal that gives Rio Tinto control over the world's largest known copper and gold deposit, with a 66%...Read More
Panama's government has ordered First Quantum Minerals (TSX: FM) to halt operations at its Cobre Panama copper mine after it failed to agree terms for a new contract with the Canadian miner.The move, unusual among Latin American countries, came after First Quantum missed a Wednesday night deadline to ink a new royalty deal that has been in the works since September 2021.The miner said on Friday...Read More
Canada's Eldorado Gold (TSX: ELD; NYSE: EGO) said the board has approved an investment decision and full restart of construction activities at its Skouries gold-copper project in northern Greece.The proposed mine, which has reserves of 3.7 million oz. of gold and 1.7 billion lb. of copper, was halted from 2017 to 2021 due to government delays in issuing permits and community opposition.After inkin...Read More
Wall Street finished lower again on Friday, although the major U.S. equity averages cut their losses late in the day.Read full newsRead More
Shark Tank star Kevin OLeary sparred with CNBC anchors over the $15 million he was given as a paid sponsor of now bankrupt crypto exchange FTX.Read full newsRead More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Copper will play a pivotal role in the energy transition. Aluminium may be an abundant and cheap competitor for electrification applications, but carbon footprint issues for primary metal may give copper the edge. Ultimately that poin...Read More
(IDEX Online) - Four men arrested during a jewelry raid at a s JCPenney store may be linked to a series of heists that netted $1.5m.The suspects were apprehended as they smashed display cases with hammers to steal diamond jewelry at the at the CoolSprings Galleria, in Franklin, Tennessee, USA.Police say one suspect pepper-sprayed an employee and another tried to grab an officer's gun.There ha...Read More
(IDEX Online) - Manufacturers in Surat says business is down by as much as 40 per cent as the ongoing war in Ukraine depresses markets in the US and Europe.Demand in China, where an easing of Covid restrictions has led to a spike in cases, is also weak. It usually accounts for a round a third of India's diamond exports.Many workers in India's cut-and-polish capital have had their wages c...Read More
The Chinese Communist Party (CCP) has officially shown its hand. Mandiant, a U.S. cybersecurity firm, recently uncovered a shockingly desperate cyberattack against a single private company.A series of fake social media profiles, typically called "bots," made some bizarre posts. According to Mandiant's report, these posts all came from within CCP-friendly IP addresses.Hilariously pseudo-American n...Read More
Bunker Hill Mining Corp. (CSE-BNKR) is bunkering in Idaho, through the prolific Silver Valley. The prefeasibility study (PFS) had been done earlier, but a more recent update shows the mineral resource is much larger than first assumed.Bunker in the Silver ValleyUnder new Idaho-based leadership, Bunker Hill Mining intends to sustainably restart and develop the Bunker Hill mine as the first step...Read More
This follows the award of a water licence to Roan allowing it to own and operate a dedicated water supply infrastructure for its operations.Read More
The transaction, which values the combined business at about US$1.5 (A$2.2) billion, is expected to close in January and includes a $200 million equity injection from Anglo American.Read More
While Elon Musk has been busy either saving or destroying Twitter, Tesla quietly announced Step 1 of a plan it's been working on for years now.Tesla Electric is a newly spun retail electricity division that uses solar panels and the company's Powerwall batteries to capture, store, and inevitably sell power back to the grid.Customers who buy into this plan would receive credits toward their bill in...Read More
The company's Q3/22 performance along with mine plan and gold resource revisions drove the target price increase, noted a B Riley Securities report.On the heels of Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) providing a Q3/22 financial and operational update, B Riley Securities increased its target price on the Canadian explorer to US$60 per share from US$57, reported analyst Lucas Pipes in a Nov....Read More
Expert Michael Ballanger looks at the S&P 500, the current state of gold and silver, and some resource companies, including Getchell Gold. Ballanger also touches on Powell's anti-inflation campaign and tells you his 2023 outlook. Last Tuesday afternoon, there was an attempted theft of untold magnitude and unimaginable loss; the chairman of the U.S. Federal Reserve Board attempted to make off with...Read More
The metals explorer will continue drilling at this property through the winter in preparation for a Q1/23 resource estimate update, noted a PI Financial report.Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) released encouraging drill results from its Black Pine project in Idaho, including the discovery of a new zone, reported PI Financial analyst Chris Thompson in a Dec. 14 research note. An updated Bl...Read More
Today, expert Adrian Day gives updates on developments affecting several of his favorite companies, mostly positive but with one potentially damaging piece of news.Franco-Nevada Corp. (FNV:TSX; FNV:NYSE) shares were down sharply after the government of Panama effectively seized First Quantum's Cobre Panama mine, on which Franco has its largest stream, representing about 15% of both Net Asset Value...Read More
An update on the event happening December 27, 2022...Andrew Maguire on Kinesis MoneyIn this week's Live from the Vault, Andrew Maguire takes a glimpse into the smoke and mirrors world of the 'LBMA cartel', after allegations of global silver price fixing playing right into the hands of member banks.The London wholesaler provides an update on the 27th December BIS Options expiry position, revealing...Read More
Is that too much to ask for? (by Half Dollar) Merry Christmas!All I want for Christmas is the biggest silver price smash in history.Is that too much to ask for?I mean, I haven't sold any silver this year, and I did make one purchase.In fact, I purchased a relative crapton of silver on July 5th, 2022, at the price of $19.86 per ounce, which included the premium I paid:I would like to buy more, howe...Read More
Cypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corpCanada's NexGen eyes large-scale uranium productionSPONSOREDnexgen energyUranium revival takes off as reality hits on energy, geopoliticsSPONSOREDNewcrest said Biswas would remain as an advisor until March 18, 2023. Chief financial officer Sherry Duhe has been appointed as interim CEO.Read More