Wednesday's trading session was slightly bearish, as stocks retraced some of their Tuesday's advance. The S&P 500 index was the highest since the early October a week ago. But then the market sold off. So was that sell-off a medium-term downward reversal or still just a correction?The U.S. stock market indexes lost 0.1-0.6% on Wednesday, as investors continued to hesitate following last week's...Read More
Traders were hesitant to send stocks too far in either directionU.S. stocks traded on both sides of breakeven today, as traders considered economic data and headlines around U.S.-China trade relations. A downwardly revised reading on fourth-quarter GDP and a round of lackluster housing data set stocks back early on, but some positive buzz around trade talks and a huge earnings reaction from today'...Read More
The European Commission is eyeing opportunities within the EU's minerals and mining sector, and has put forward, in its Strategic Action Plan (SAP) on batteries, a comprehensive set of targeted measures to make Europe a global leader in sustainable battery production and use.The SAP focuses on including raw materials research and innovation, financing and investment, standardization, regulation, a...Read More
Vancouver-based NexGen Energy has been busy with feasibility stage drilling at its 100% owned Rook I property in the Athabasca Basin.In the A2 sub-zone, the emphasis is on converting indicated to measured resources. Nineteen closely spaced drill holes (9.0 to 16.7 metres) successfully intersected the sub-zone. In the shear only, composite and off-scale radioactivity results were routinely measured...Read More
Vancouver-based NexGen Energy has been busy with feasibility stage drilling at its 100% owned Rook I property in the Athabasca Basin.In the A2 sub-zone, the emphasis is on converting indicated to measured resources. Nineteen closely spaced drill holes (9.0 to 16.7 metres) successfully intersected the sub-zone. In the shear only, composite and off-scale radioactivity results were routinely measured...Read More
Greenstone Gold Mines - a 50:50 joint venture of Centerra Gold and Premier Gold Mines - has received approval from the provincial environment ministry for development of the Hardrock gold mine 2 km south of Geraldton, Ontario. Federal approval was received late last year.An open pit and 27,000 t/d mineral processing plant are planned. The pre-production capex will be near C$1.25 billion to create...Read More
Greenstone Gold Mines - a 50:50 joint venture of Centerra Gold and Premier Gold Mines - has received approval from the provincial environment ministry for development of the Hardrock gold mine 2 km south of Geraldton, Ontario. Federal approval was received late last year.An open pit and 27,000 t/d mineral processing plant are planned. The pre-production capex will be near C$1.25 billion to create...Read More
Toronto-based Kirkland Lake Gold has announced the retirement of board chairman Eric Sprott, effective after the annual meeting on May 7, 2019. He has been chairman since 2015. The vacancy will be filled by Jeff Parr as interim chairman until the AGM.Ronald Bougie is joining Nemaska Lithium in Quebec City as VP engineering and construction. His appointment and certain other changes at the company...Read More
Toronto-based Kirkland Lake Gold has announced the retirement of board chairman Eric Sprott, effective after the annual meeting on May 7, 2019. He has been chairman since 2015. The vacancy will be filled by Jeff Parr as interim chairman until the AGM.Ronald Bougie is joining Nemaska Lithium in Quebec City as VP engineering and construction. His appointment and certain other changes at the company...Read More
Stornoway Diamond (TSE: SWY) finished the 2018 calendar year with less production and revenue and more losses. Total net loss for the year was $329.4 million or $0.39 per share, compared to a net loss in 2017 of $114.2 million or $0.14 per share.The company pointed out that those numbers include a non-cash impairment of $83.2 million, a deferred income tax expense of $77.4 million, and $227.1 mill...Read More
Stornoway Diamond (TSE: SWY) finished the 2018 calendar year with less production and revenue and more losses. Total net loss for the year was $329.4 million or $0.39 per share, compared to a net loss in 2017 of $114.2 million or $0.14 per share.The company pointed out that those numbers include a non-cash impairment of $83.2 million, a deferred income tax expense of $77.4 million, and $227.1 mill...Read More
Golden Star Resources (TSX: GSC; NYSE: GSS) has increased its overall reserves by 6%, net of mining depletion. It offset a loss in reserves at its Prestea gold mine by adding reserves at its Wassa gold mine, both located in Ghana.In total the company has 19.4 million proven and probable tonnes grading 2.86 grams gold for 1.79 million oz. gold across its Wassa and Prestea gold mines.Its biggest los...Read More
Golden Star Resources (TSX: GSC; NYSE: GSS) has increased its overall reserves by 6%, net of mining depletion. It offset a loss in reserves at its Prestea gold mine by adding reserves at its Wassa gold mine, both located in Ghana.In total the company has 19.4 million proven and probable tonnes grading 2.86 grams gold for 1.79 million oz. gold across its Wassa and Prestea gold mines.Its biggest los...Read More
K92 Mining (TSXV: KNT) has intersected 175 metres of 0.28 gram gold per tonne and 0.22% copper from 259 metres downhole at its Blue Lake porphyry prospect, 4 km southwest of its Kora deposit at the Kainantu gold mine in Papua New Guinea.The hole ended in mineralization.The company discovered the prospect in 2017 after a surface mapping and sampling program. It completed a soil grid at 50-metre spa...Read More
K92 Mining (TSXV: KNT) has intersected 175 metres of 0.28 gram gold per tonne and 0.22% copper from 259 metres downhole at its Blue Lake porphyry prospect, 4 km southwest of its Kora deposit at the Kainantu gold mine in Papua New Guinea.The hole ended in mineralization.The company discovered the prospect in 2017 after a surface mapping and sampling program. It completed a soil grid at 50-metre spa...Read More
K92 Mining (TSXV: KNT) has intersected 175 metres of 0.28 gram gold per tonne and 0.22% copper from 259 metres downhole at its Blue Lake porphyry prospect, 4 km southwest of its Kora deposit at the Kainantu gold mine in Papua New Guinea.The hole ended in mineralization.The company discovered the prospect in 2017 after a surface mapping and sampling program. It completed a soil grid at 50-metre spa...Read More
QUEEN'S PARK - Ontario's Government for The People will hold consultations across the province to hear from businesses about industrial electricity pricing and programs."If Ontario is going to be Open for Business, our job-creating industrial sectors need certainty around electricity prices," said Energy, Northern Development and Mines Minister Greg Rickford. "We want to hear firsthand their ideas...Read More
Ferro-Alloy Resources Group, which is producing vanadium in Kazakhstan, listed on the London stock market on Thursday, marking the first junior flotation in the sector this year.Vanadium has traditionally been used for strengthening steel, but its price has risen 450 percent in three years on expectations it can also be used for large-scale power storage, which could have a major role in a more el...Read More
"Catch up with our most recent cover story, on #copper prices staying down while a forecast supply gap gets wider ($) | https://t.co/BwpDUXwZkV"Read full newsRead More
In our March 27th INK subscriber US market update, we noted the divergence in insider sentiment between the Oil & Gas Exploration and Production (E&P) industry and the Industrials sector. The former was behaving in a bullish fashion and remained at a healthy level with our indicator above 100%. That means there are more stocks in the group with key insider buying that selling. In contrast, sentim...Read More