Niron Metals, headed by the former boss of Xstrata Mick Davis, will develop Guinea's Zogota iron ore deposit, previously owned by BSG Resources (BSGR).The news, confirmed via an emailed statement, follows a Monday agreement between Israeli tycoon Beny Steinmetz, BSGR's owner, and the government of Guinea over the rights to Simandou, one of the world's largest untapped reserves of iron ore."[BSGR's...Read More
Perth-based Titan Minerals (ASX: TTM) and Vancouver-based Core Gold (TSX-V: CGLD) announced that they are joining forces to create a diversified Latin America-focused, ASX-listed gold company with a portfolio of projects in Ecuador and Peru.In a press release, the miners explained that they signed a binding arrangement pursuant to which Titan will acquire all of the issued and outstanding Core Gol...Read More
Perth-based Titan Minerals (ASX: TTM) and Vancouver-based Core Gold (TSX-V: CGLD) announced that they are joining forces to create a diversified Latin America-focused, ASX-listed gold company with a portfolio of projects in Ecuador and Peru.In a press release, the miners explained that they signed a binding arrangement pursuant to which Titan will acquire all of the issued and outstanding Core Gol...Read More
Perth-based Titan Minerals (ASX: TTM) and Vancouver-based Core Gold (TSX-V: CGLD) announced that they are joining forces to create a diversified Latin America-focused, ASX-listed gold company with a portfolio of projects in Ecuador and Peru.In a press release, the miners explained that they signed a binding arrangement pursuant to which Titan will acquire all of the issued and outstanding Core Gol...Read More
Vancouver-based Maverix Metals (TSX-V: MMX) revealed that it achieved record annual gold equivalent production for 2018 with an output of approximately 20,900 ounces. Such a figure exceeds the high end of the company's increased guidance of 19,000 ounces and represents an increase of 75% compared to 2017.According to Maverix, only in the fourth quarter of last year, it produced 5,650 equivalent ou...Read More
Vancouver-based Maverix Metals (TSX-V: MMX) revealed that it achieved record annual gold equivalent production for 2018 with an output of approximately 20,900 ounces. Such a figure exceeds the high end of the company's increased guidance of 19,000 ounces and represents an increase of 75% compared to 2017.According to Maverix, only in the fourth quarter of last year, it produced 5,650 equivalent ou...Read More
"Seahawk Ventures Inc. (CSE:SHV US:SEHKF) is a gold exploration company and the second-largest landholder in the Abitibi greenstone belt's Urban-Barry gold camp in Quebec, Canada. For more info https://t.co/mxJ7lRMvAO @SeahawkVentures #exploration #gold #abitibi #investing #INN"Read full newsRead More
Australian gold company Evolution Mining Ltd said on Monday it had acquired a 19.9 percent stake in smaller peer Tribune Resources Ltd for A$41.3 million ($29.55 million).Evolution said Tribune's major asset was its interest in the East Kundana mining operation in Western Australia, a joint venture between Northern Star Resources Ltd, Rand Mining Ltd and Tribune.Australian gold producers have stro...Read More
Australian gold company Evolution Mining Ltd said on Monday it had acquired a 19.9 percent stake in smaller peer Tribune Resources Ltd for A$41.3 million ($29.55 million).Evolution said Tribune's major asset was its interest in the East Kundana mining operation in Western Australia, a joint venture between Northern Star Resources Ltd, Rand Mining Ltd and Tribune.Australian gold producers have stro...Read More
A new and improved stock market in 2019.The Fed's change of heart provides support.Gold has shined in 2019.Gold stocks are outperforming the S&P 500 since mid-September.Markets rarely move in a straight line.On Wednesday, February 20, the US Federal Reserve released the minutes of the most recent Federal Market Open Committee meeting. In their statement that followed the meeting and the minute...Read More
(Adds Newmont CEO interview comments)By Ernest ScheyderHOLLYWOOD, Fla., Feb 25 (Reuters) - Barrick Gold Corp's chief executive defended the world's largest goldproducer's hostile $18 billion bid for Newmont Mining Corp , saying on Monday the deal is "logical" for an industrybattling high costs and depleting resources.Barrick, which recently completed a $6.1 billion acquisitionof Africa-f...Read More
* FTSE 100 up 0.1 pct, reversing early gains* FTSE 250 down 0.1 pct * Bank stocks biggest boost to main index * Persimmon leads sell-off among housebuilders* Centamin slips on mid-caps (Changes analyst comment, updates closing prices)By Muvija M and Shashwat AwasthiFeb 25 (Reuters) - London's blue-chip index squeezed outgains on Monday as banks got a boost from comments about apossible Brexit dela...Read More
Gold has been on a tear, thanks to the patient Fed and the investors' flight to safety. The trend is likely to continue in the coming weeks as well.Read full newsRead More
Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's second-largest bullion producer, is going hostile in its bid to acquire U.S. rival Newmont Mining (NYSE:NEM) and create a mega-gold corporation with a $17.8 billion all-share offer.The move, announced before markets opened on Monday, increases the potential for a three-way fight among some of the world's largest gold miners, and comes after N...Read More
Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's second-largest bullion producer, is going hostile in its bid to acquire U.S. rival Newmont Mining (NYSE:NEM) and create a mega-gold corporation with a $17.8 billion all-share offer.The move, announced before markets opened on Monday, increases the potential for a three-way fight among some of the world's largest gold miners, and comes after N...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index tacked on another 9.1 points to end at 1153.11 for a gain of 0.7%. Over the last 2 weeks, it has climbed 3%. MACD moved up to 0.75. RSI rose to even more elevated levels with a 3.17 point gain as it reached 78.34. It is also worth noting RSI has not been this high in...Read More
Gold has been on a tear, thanks to the patient Fed and the investors' flight to safety. The trend is likely to continue in the coming weeks as well.Read full newsRead More
A judge rejects a challenge to proposals to build a controversial gold mine in the Sperrin Mountains.Read full newsRead More
Gold is up 3.3% this year. Gold, which can rise when investors expect inflation, has done well in 2019 a the Federal Reserve has decided to pause on lifting interest rates. "Funds are probably under invested in Gold right now," Gold Fields Limited (GFI) CEO Nick Holland said. "It's a good buy," he joked. But on a serious note, Holland mentioned Gold plays well for investors agai...Read More
Berkshire Hathaway (BRK.B) (BRK.A) has big investments in major companies -- Apple (AAPL) , American Express Company (AXP) , Bank of America (BAC) and more. It didn't make its fortune on gold bars -- as chairman Warren Buffett points out in is his annual letter to shareholders, giving warning to those ready to give up on American ingenuity and to give into predictions of nationa...Read More