Newmont Goldcorp, the world's biggest gold miner, reported a higher-than-expected first-quarter profit on Thursday, as a boost in gold production and lower costs countered lagging gold prices.At a time when easy-to-find gold reserves are dwindling, Newmont shored up its production pipeline through the $10 billion acquisition of Goldcorp Inc, which closed last week.Newmont Goldcorp did not provide...Read More
Newmont Goldcorp, the world's biggest gold miner, reported a higher-than-expected first-quarter profit on Thursday, as a boost in gold production and lower costs countered lagging gold prices.At a time when easy-to-find gold reserves are dwindling, Newmont shored up its production pipeline through the $10 billion acquisition of Goldcorp Inc, which closed last week.Newmont Goldcorp did not provide...Read More
Canada's mining industry started the year off on the right foot, with major deals including the Barrick-Randgold merger and Newmont's acquisition of Goldcorp, setting the tone for the sector.As a result, Ernst & Young's Canadian Mining Eye index - which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies - rose 5% fin the January-Mar...Read More
The Dow is set for a lower open after 3M's earningsDow Jones Industrial Average (DJI) futures are signaling a lower start following Post-it parent 3M's (MMM) shocking earnings report -- which has the blue-chip stock down 8% in electronic trading. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are trading above fair value on a positive earnings reaction for Facebook (FB), with the FA...Read More
Canada's mining industry started the year off on the right foot, with major deals including the Barrick-Randgold merger and Newmont's acquisition of Goldcorp, setting the tone for the sector.As a result, Ernst & Young's Canadian Mining Eye index - which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies - rose 5% fin the January-Mar...Read More
Canada's mining industry started the year off on the right foot, with major deals including the Barrick-Randgold merger and Newmont's acquisition of Goldcorp, setting the tone for the sector.As a result, Ernst & Young's Canadian Mining Eye index - which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies - rose 5% fin the January-Mar...Read More
Canada's mining industry started the year off on the right foot, with major deals including the Barrick-Randgold merger and Newmont's acquisition of Goldcorp, setting the tone for the sector.As a result, Ernst & Young's Canadian Mining Eye index - which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies - rose 5% fin the January-Mar...Read More
Canada's mining industry started the year off on the right foot, with major deals including the Barrick-Randgold merger and Newmont's acquisition of Goldcorp, setting the tone for the sector.As a result, Ernst & Young's Canadian Mining Eye index - which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies - rose 5% fin the January-Mar...Read More
Acacia Mining Plc reported a slump in underlying core earnings on Thursday as it struggled with production issues at its North Mara gold mine in Tanzania, where it said pressure was building for a settlement of its row with the government.Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania. It has cut output by a third since the government banned the ex...Read More
Acacia Mining Plc reported a slump in underlying core earnings on Thursday as it struggled with production issues at its North Mara gold mine in Tanzania, where it said pressure was building for a settlement of its row with the government.Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania. It has cut output by a third since the government banned the ex...Read More
UrbanGold Minerals (TSXV: UGM) announced this week that it is about to start a helicopter-borne geophysical survey on its 100%-owned StarGold property, located in Quebec, eastern Canada.In a press release, UrbanGold explained that the 809-line-kilometre electromagnetic survey is designed to cover the entire property, and it is aimed at identifying the potential source of a large angular boulder fr...Read More
UrbanGold Minerals (TSXV: UGM) announced this week that it is about to start a helicopter-borne geophysical survey on its 100%-owned StarGold property, located in Quebec, eastern Canada.In a press release, UrbanGold explained that the 809-line-kilometre electromagnetic survey is designed to cover the entire property, and it is aimed at identifying the potential source of a large angular boulder fr...Read More
Lion One Metals (TSXV: LIO) (ASX: LLO) announced that it kicked off a drilling campaign at its 100%-owned Tuvatu gold project located on the island of Viti Levu in Fiji.In a press release, the North Vancouver-based miner said that the initial drilling program will test shallow dipping lodes in an area called the HT Corridor, which is a mineralized zone cross-cutting the principal vein system of t...Read More
Lion One Metals (TSXV: LIO) (ASX: LLO) announced that it kicked off a drilling campaign at its 100%-owned Tuvatu gold project located on the island of Viti Levu in Fiji.In a press release, the North Vancouver-based miner said that the initial drilling program will test shallow dipping lodes in an area called the HT Corridor, which is a mineralized zone cross-cutting the principal vein system of t...Read More
Lion One Metals (TSXV: LIO) (ASX: LLO) announced that it kicked off a drilling campaign at its 100%-owned Tuvatu gold project located on the island of Viti Levu in Fiji.In a press release, the North Vancouver-based miner said that the initial drilling program will test shallow dipping lodes in an area called the HT Corridor, which is a mineralized zone cross-cutting the principal vein system of t...Read More
(Updates with closing prices)By Peter HobsonLONDON, April 25 (Reuters) - Copper prices fell on Thursdayas worries over the global economic outlook increased and theU.S. dollar hit its strongest in almost two years, making metalsmore expensive for buyers with other currencies.Benchmark copper on the London Metal Exchange (LME)ended down 1.3 percent at $6,364 a tonne after touching itslowest since M...Read More
Government's decision to seal-off, foreign owned Gaika Mine in Kwekwe, seems to to have had little effect amid reports there is massive looting of gold ore in the dead of night.Read full newsRead More
Ivanhoe Mines (TSX:IVN) is ready to finish building its giant copper mine in the Democratic Republic of Congo after its largest shareholder pumped an additional C$612 million (about $454m) into the Canadian company.China's state-owned CITIC Metal is paying C$3.98 per share, a premium of 29% over Ivanhoe's last closing price. The investment, the second major one in less than a year, paired with the...Read More
"Picked up a whack of Cipher Resources $CIFR.V today at 3 cents. Bought below cash value. @End_Fin_Ltdin at much higer prices. Cash rich shell.$2.6 million in cash at Dec 31/18.April 24/2018Shares Outstanding:60.01MMarket Cap:$1.80M$CIFR.V#buylowsellhigh#value"Read full newsRead More
"Picked up a whack of Cipher Resources $CIFR.V today at 3 cents. Bought below cash value. @End_Fin_Ltdin at much higer prices. Cash rich shell.$2.6 million in cash at Dec 31/18.April 24/2018Shares Outstanding:60.01MMarket Cap:$1.80M$CIFR.V#buylowsellhigh#value"Read full newsRead More