AbraPlata Resource Corp. (TSXV: ABRA) has tabled a positive preliminary economic assessment (PEA) on its 80 sq. km Diablillos silver-gold project in Argentina's Salta Province, 150 km southwest from the city of Salta.The PEA features strong economics, with an after-tax net present value (NPV) of US$197 million at a 7.5% discount rate, an after-tax internal rate of return of 30.2%, and a 3-year pay...Read More
Mining companies operating in South Africa, including Anglo American (LON:AAL) and Sibanye Gold (JSE:SGL) (NYSE:SBGL), may soon have to increase their black-owned stakes to 30%, from a previous 26%, but the government is promising to deliver "policy certainty" in return.Newly appointed Minister of Mineral Resources Gwede Mantashe said the key to regain investors and miners confidence in the South...Read More
The gold price is up just 1% year to date in 2018 and has advanced 5.5% from the December 2017 low. There are some bullish signs from the chart, including a number of higher highs and higher lows following the late 2015 bottom at $1,045. But it certainly hasn't been the powerful breakout the gold bugs have been hoping to see.The late 2017 spike above the resistance trend line was also bullish, but...Read More
The company bought 85% of Worcester-based Materials Solutions in 2016, describing the business as a pioneer in the use of selective laser melting (SLM) technology for the manufacture of high-performance metal parts. The business had "grown considerably over the last two years".Siemens' new investment is expected to increase the number of engineers, metallurgists and manufacturing specialists at th...Read More
The company said an electrical technician was injured while working on an underground voltage regulator. It said he was immediately transported to hospital, where he later passed away.Capstone said it was committed to the highest safety standards at its operations and sincerely regretted those efforts did not prevent the incident."Our heartfelt sympathy goes out to our miner's family and our entir...Read More
Mar 21, 2018 Guest(s): Joe Foster Portfolio Manager The bull market run that started in 2009 may soon be coming to a halt, meaning investors will rush back into safe havens like gold, said Joe Foster, portfolio manager at VanEck."There's many signs in the economy that we are towards the end of the cycle. So I think in the next 12 to 18 months, you're going to see an economic slowdown, probably a...Read More
JOHANNESBURG (miningweekly.com) – Aim-listed BlueRock Diamonds has raised about £500 000, before expenses, through the issue of 33.33-million shares of 1p each. Each new share issued will be accompanied by a warrant to subscribe for a further new share at a price of 3p.AdvertisementBlueRock will use the larger part of the proceeds to develop and expand its mining activities, which...Read More
RAPAPORT... Mountain Province's March tender achieved the miner's highestaverage selling price to date, driven by a bigger-than-usual selection of largeand high-value diamonds, the company said. The miner sold 177,000 carats of rough from its Gahcho Ku?(C)mine at an average price of $142 per carat, for a total of $25.1 million, itreported in a statement last week. Production from the end of last y...Read More
The 12 Apostles of the Keynesian faith huddled in prayer today, beseeching the Almighty for light... and guidance.New Federal Reserve chairman Jerome Powell is leading the business.Should they raise the federal funds target rate another quarter point, to 1.75%?Or should they leave it be - and abet further the deadly sin of greed?Tomorrow at 2 p.m. EDT the holy bell will ring... and the announcemen...Read More
Mar 22, 2018 Guest(s): Kevin O'Leary Despite avoiding an imminent trade war with the U.S. over steel and aluminum tariffs, Canada should not be breathing easier, this according to Shark Tank star Kevin O'Leary."I don't think the long-term outcome of the negotiations is going to be better for Canada," O'Leary told Kitco News. "For example, on steel, what will probably end up in the NAFTA negotia...Read More
Mar 22, 2018 Guest(s): Joe Foster Portfolio Manager The mining industry is not seeing a steady discovery rate and gold supply is shrinking, warned Joe Foster, portfolio manager for VanEck's International Investors Gold Fund (INIVX). "Mine supply of gold is peaking out right now - I expect to see a gradual decline for the foreseeable future," Foster said. He underlined that there are some big pro...Read More
RAPAPORT... Swiss watch exports increased in February, driven by thestrongest monthly growth in shipments to Hong Kong and the US in six years. Worldwide shipments of Swiss timepieces climbed 13% year onyear to $1.78 billion (CHF 1.69 billion) last month, the Federation of the Swiss Watch Industry reported Tuesday. Exports to Hong Kongjumped 36% to $268.1 million (CHF 255.2 million), while th...Read More
Mid-tier Canadian miner B2Gold (TSX, NYSE: BTO) said Tuesday its Fekola mine won't be affected by a new mining code the country's government is planning to draft as the asset is governed by a finalized and enforceable mining convention valid for the lifespan of the mine.The Vancouver-based company, which poured first gold at Fekola late last year, said media reports claiming Mali will move to imp...Read More
Miner and commodities trader Glencore (LON:GLEN) has bought Rio Tinto's (ASX, LON:RIO) Hail Creek coal mine in Australia for $1.7 billion, which increases the Swiss firm's presence in the coal sector just as is rivals move away from the fuel.The deal, announced by both companies Tuesday, includes Rio's 82% stake in the Queensland mine, as well as its 71.2% interest in the Valeria coal project, Gle...Read More
Archer Exploration Limited (ASX:AXE) has today announced that its existing collaboration agreement with The University of Adelaide, for the Australian Research Council Research Hub for Graphene Enabled Industry Transformation, has been redefined.Under the new term, the collaboration will endeavour to develop and implement graphene and carbon-based materials for use in complex biosensing which can...Read More
CALGARY, March 20, 2018 – PRIZE MINING CORPORATION (“Prize” or the “Company”) (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce that the company has appointed Mr. Robert Archer, P.Geo. to the company’s Board of Directors.“We are very pleased to have Robert join our Board of Directors” stated Feisal Somji, Executive Chairman....Read More
Adem Tumerkan March 20, 2018 Category: Research I was laying on my back in the middle of my room staring at the ceiling fan.It was November 2015 – two years before I had joined Palisade Research. I was about to turn 25 years old and had already lost $115,000 dollars in stocks from being in the wrong place at the wrong time.I couldn't stop laughing.Not because it was funny - but because how...Read More
Publisher's Note: Today we have the second and final part of Gerardo Del Real's interview with Mr. Michael McInnis, Executive Chairman of Abacus Mining and Exploration (TSX-V: AME) (OTC: ABCFF). The first part may be found here.Today, we'll hear about what makes the Willow property unique and promising as exploration continues.To your wealth,Nick HodgePublisher, Outsider ClubGerardo Del Real: Now...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comMar 20, 2018Will this Friday’s US jobs report be the catalyst that sends gold above the key $1370 resistance zone and ushers in a new era of institutional enthusiasm for gold stocks?Pleaseclick here now. Double click to enlarge. The US stock market suffered yet another “cardia...Read More
Nova Leap Health Corp. (TSXV:NLH) actual annual revenue run rate is expected to approach US$9 millionSmallCapPower | March 20, 2018: Nova Leap announces a definitive agreement to make its second acquisition in 2018. On March 19, 2018, Nova Leap Health Corp. (TSXV:NLH) announced it has executed a definitive agreement to acquire a home care services company located in New England for US$1.2 million...Read More