http://www.cbc.ca/news/canada/north/Company says getting $505 million in financing was a make it or break it deal for the Yukon mineClosing a $505 million deal with investors was tough, but the president of Victoria Gold, John McConnell, says persistence paid off.Orion Mine Finance, Osisko Gold Royalties Ltd., and Caterpillar Financial came up with the bulk of the financing needed to move the Yuko...Read More

It was a broadly positive period for mining equities around the globe with Australian-listed lithium producer Galaxy Resources (AU:GXY) following yesterday's 3.5% gain with a further rise above 9%.Staff reporterGalaxy gains again14 MARCH 201814/03/2018commentsshareThe spot gold price was about US$8 an ounce higher than this time yesterday and producer St Barbara (AU:SBM) rose more than 5.5% as it...Read More

The head of the cobalt royalty and streaming company "trading as a proxy for the adoption of the electric vehicle" and aiming to emulate successful precious metals business models, says there is no shortage of potential portfolio projects outside the Congo, and pure-play cobalt ventures, and he has the funding in hand to "have a seat at the table [in] every single one of the ongoing" project finan...Read More

First, it was cryptocurrencies (like Bitcoin), then it was marijuana stocks (like Canopy Growth Corp. (TSX:WEED)), and now there's a new hot commodity that's picking up traction: cobalt.To say the metal is selling like hotcakes would be a vast understatement, especially when you consider the off-the-charts demand that the metal stands to experience over the next decade.Investors have been going cr...Read More

Anfield Energy Inc has agreed to acquire the Charlie in-situ leach (ISL) uranium project in Wyoming from Cotter Corp, as part of a strategy to create a mine and mill production complex in the state. Meanwhile, Energy Fuels Inc is pursuing opportunities to process new and additional alternate feed sources in order to allow the USA's only operating conventional uranium mill to extend its current ope...Read More

Orano USA and Waste Control Specialists (WCS) plan to form a joint venture to license a consolidated interim storage facility (CISF) for used nuclear fuel at the WCS site in Andrews County, Texas. The joint venture will request that the Nuclear Regulatory Commission resume its review of the CISF licence application WCS originally submitted two years ago.How the CISF could look (Image: WCS)In a sta...Read More

Teck Resources and Asian smelters have agreed to cut annual lead concentrate treatment charges (TCs) by 28% in 2018 supply contracts, sources with knowledge of the deals told Metal Bulletin.The deals bring lead concentrate TCs, fees paid to smelters for the costs of processing concentrates into metal, down to $99 per tonne from $138 per tonne last year. Market sources also noted a drop in containe...Read More

Workers at Cobre Panama, the only major copper mine scheduled to come onstream in 2018, have gone on strike, operator First Quantum said on Wednesday March 14."A small number of personnel and their outside union leadership" downed tools on Friday last week, according to a company statement.Although the dominant union is not involved in the strike, development can only be carried out in two of the...Read More

Base metals prices on the London Metal Exchange were on divergent paths at the close on Wednesday March 14, with copper leading the gains. The three-month zinc price was the worst affected today because prices were over 2% lower at the close - fresh deliveries into LME-listed warehouses in New Orleans put pressure on prices. "Zinc is down on account of another 10,000 tonne increase in LME stock ho...Read More

Jericho Oil (JCO.V) has reported a preliminary result from the first well drilled on its Blaine county acreage, in a joint venture with the private partner and private equity backed Staghorn Petroleum.The first well was targeting the Meramec formation using a horizontal well with a length of 1 mile and immediately hit the sweet spot. The initial flow rate in the first 24 hours was approximately 95...Read More

Miners will usually shout about a project's resource potential and only down the track will processing come into the investment pitch. Velocity Minerals (CN:VCL) has gone the other way; finding a mine in Bulgaria with apparently strong processing but poor mining operations.The hills are alive (with the sound of a Land Cruiser): Velocity's partner Gorubso's projects are all in the same area...Read More

Teck Resources and Asian smelters have agreed to cut annual lead concentrate treatment charges (TCs) by 28% in 2018 supply contracts, sources with knowledge of the deals told Metal Bulletin.The deals bring lead concentrate TCs, fees paid to smelters for the costs of processing concentrates into metal, down to $99 per tonne from $138 per tonne last year. Market sources also noted a drop in containe...Read More

Sanction by Health Canada more than triples Aphria Inc.'s (TSX:APH) production capacity of medical cannabis from 9,000 kg to 30,000 kg annuallySmallCapPower | March 14, 2018: Aphria Inc. (TSX:APH) announced on Tuesday the receipt of a license amendment from Health Canada, providing Aphria with additional production space of 200,000 square feet, as part of its Part III expansion at its facility in...Read More

Workers at Cobre Panama, the only major copper mine scheduled to come onstream in 2018, have gone on strike, operator First Quantum said on Wednesday March 14."A small number of personnel and their outside union leadership" downed tools on Friday last week, according to a company statement.Although the dominant union is not involved in the strike, development can only be carried out in two of the...Read More

Torex Gold's ELG Mine Complex in southwest Mexico. Source: Torex Gold Resources Inc."With 80% of production expected to come from the El Limon pit area, the company is running out of ore," Scotiabank analyst Trevor Turnbull said in a report. "If the current situation persists, it is inevitable that mill feed will run out within weeks unless employees can return in full force or the company receive...Read More

Conducting a gravity survey at Belmont's Kibby Basin lithium project in Nevada. Source: Belmont Resources Inc.The survey covered most of Belmont's Kibby Basin, Nevada claims and included the playa basin area as well as some of the adjoining higher level lands.Belmont's consulting geologist Robert Cuffney from Reno, Nevada will finalize and map drill hole locations and process the applications for...Read More

Weakening demand for rebar in the Turkish domestic and export markets has kept Turkish steel producers out of the deep-sea scrap markets, sources said on Wednesday March 14.Turkish steel producers paused their deep-sea scrap purchases after the Section 232 import tariffs were officially signed into effect in the United States, adding a 25% import duty on all steel product imports, exempting only C...Read More

Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCrypto CornerCompaniesMarketplaceShop Pancontinental Gold (TSXV: PUC) Announces Exploration Plans for Its Strategic Nickel-Copper-Cobalt Project and Arranges Financing Toronto, Ontario - March 14, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Pancontinental Gold Corporation (T...Read More

Our ancestors weren't nice people. They kept slaves, looked forward to wars and sent people to concentration camps. It is easy to dismiss them as moral retards, but that would be setting the bar way too low. Slavery is bad, war is violence, and sending people to concentration camps isn't very nice. Blacks, Jews, and foreigners are not ambiguous classes of people, and violence is unambiguously wron...Read More

Speculators Throw the TowelOver the past several years we have seen a few amazing moves in futures positioning in a number of commodities, such as e.g. in crude oil, where the by far largest speculative long positions in history have been amassed. Over the past year it was silver's turn. In April 2017, large speculators had built up a record net long position of more than 103,000 contracts in silv...Read More