Udd said the company is looking to continue investing if Chile continues to provide the "right conditions" which Udd said are fiscal stability, legal certainty and a clear pathway to permitting.Read More
The minister said the government of Gabriel Boric plans to work with the 2050 national mining policy developed last year by the administration of Sebastian Pinera, but with changes as, "the policyRead More
The Mining Code was amended in February, the Water Code in late March, a mining royalty is likely to be imposed in the coming months and a process to draft a new constitution is likely to strengthen environmental laws.Despite the current uncertainites regarding future mining regulation and taxation, Chile continues to draw investment. "We have seen a number of deals recently with South32 [which bo...Read More
In Chile, the company is completing a cycle of investment with the Los Pelambres seawater plant and additional milling capacity 70% complete. It has also recently finished a project at Zaldivar to increase recoveries. Its next big investment decision will be whether to develop a second concentrator at Centinela, once it has a greater line of sight on changes to the fiscal regime and the process to...Read More
Minister of Public Works, Juan Carlos Garcia, whose portfolio includes the Direction General of Waters (DGA) said the reform seeks the "fair water transition, which solves the problems of inequity suffered by thousands of people in access to this vital element."Under the new code, water rights will be given for a maximum of 30 years depending upon the availability of water sources, rather than ind...Read More
US deputy secretary of the Treasury Wally Adeyemo warned that firms supplying the Russian military and those that helped Russia's richest escape sanctions would be targeted.Read More
Base metals prices on the London Metal Exchange were little changed on the morning of Tuesday March 29, while on the Shanghai Futures Exchange, nickel was down and the rest were firmer – this despite concerns about lockdowns affecting demand.* Despite low volumes and concerns about China’s lockdowns, the base metals generally look upbeat.* LME three-month nickel seems to have found a pri...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 39 points in pre-opening trade. McCormick gained $2.24 to $99.86 after reporting higher than consensus first quarter revenues and earnings. CVS Health dropped $2.24 to $99.86 after Deutsche Bank downgraded the stock from Buy to Hold.Bausch Health added $0.17 to US$22.75 after announcing plans to reduce its debt by anot...Read More
All wars are full of lies. Winston Churchill famously said, "In wartime, truth is so precious that she should always be attended by a bodyguard of lies."We accept that idea broadly. Secret invasion plans should be closely held. The identities of spies must be kept under wraps. New weapons and defensive tools should not be revealed because enemies will be alerted to their potential and begin offens...Read More
Canada's Kinross Gold Corp (TSX: K; NYSE: KGC) has entered exclusive negotiations with an unnamed third-party mining company after receiving several proposals to sell all its Russian assets.As part of the exclusivity agreement, Kinross' Russian subsidiaries will continue to operate the Kupol mine and other assets to maintain them properly.Kinross noted in a media release Tuesday afternoon that any...Read More
S&P Global Ratings has upgraded Barrick Gold's (TSX: ABX; NYSE: GOLD) long-term corporate credit rating a notch from BBB to BBB+.With a 'stable' outlook, S&P in a note said that the upgrade reflected Barrick's significant financial flexibility, noting a favourable view of Barrick's operating efficiency and breadth.S&P analysts expect Barrick's credit profile to remain highly resilient, even in a l...Read More
This week's episode features InTheMoneyStocks.com chief market strategist Gareth Soloway in conversation with host Adrian Pocobelli on recent developments in financial markets. Gareth explains the nature of technical analysis while giving his view on interest rates, the stock market, commodities and speculative asset bubbles. He also shares his take on recent movements in gold, which have a remark...Read More
The Toronto-quoted equity of Mountain Province Diamonds (TSX: MPVD) has achieved a new 12-month high on March 29 after the company overnight reported record free cash flow in 2021 and a massive impairment reversal attributable to positive changes in market sentiment and diamond prices.During the year 2021, Mountain Province sold a total of 3.16 million carats at an average price of $94 per carat (...Read More
Shares of Inomin Mines (TSXV: MINE) traded at its highest price in the last five years as the company reported new discoveries of nickel, magnesium and chromium at its Beaver nickel-cobalt property in south-central British Columbia. Highlights of the drilling from the early-stage property included 175.26 metres grading 0.178% nickel, 93 parts per million (ppm) cobalt, 0.362chromium and 21% magn...Read More
Osisko Development (TSXV: ODV) has closed the second tranche of its previously announced non-brokered private placement. More than 9.4 million subscription receipts of the company were issued under this tranche at a price of US$3.50 each, for additional gross proceeds of approximately US$32.8 million.This, together with the US$84.8 million brought in under the first tranche, brings the total size...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has completed the acquisition of the Rincon lithium project in Argentina for $825 million, following Australia's Foreign Investment Review Board (FIRB) approval of the transaction.The world's second-largest miner saw its lithium ambitions partially crushed in January after Serbia revoked Rio Tinto's licence for the US$2.4 billion Jadar project on environme...Read More
The Federal Reserve just raised interest rates for the first time since 2018.And popular belief among most investors holds that interest rate hikes are generally bearish for gold and precious metals.But that's not exactly the case.In fact, rising interest rates might even be positive for precious metals.The truth is, there is really no good connection we can make between interest rates and preciou...Read More
Harvest sold 70,200 tonnes of its KP Fertil product in the first three months of 2022, from the Arapuá project in Brazil.Read More
Tell me the greatest heavyweight showdown in history.For my younger readers, perhaps it was the slugfest between Wilder and Fury a few years ago. I imagine if they asked their pop the same question, they'd get a lecture about Mike Tyson's glory days or even the time Holyfield shocked the boxing world with a TKO over Tyson in the 11th round back in 1996.You might even get an earful watching the re...Read More
Peak Prosperity, Released on 3/30/22Vaccine induced myocarditis in kids has been described, over and over again in the media and by pediatricians, as "mild" or that kids "recover quickly." A new study shows that these hopeful-sounding statements are neither true, nor scientifically accurate. More than 2/3rds of all children who presented to the hospital with vaccine-induced cardiomyopathy were sho...Read More