A Brazilian court has ordered iron ore miner Vale (NYSE:VALE) to freeze 1 billion reais (about $260 million) in funds as compensation for affected communities following the January dam disaster at the company's Corrego do Feij??o mine, which left at least 300 people dead."In addition to the block of funds, the decision also requires that Vale pays for the sheltering, lodging, maintenance and feedi...Read More
Shipments to China came in at 14.5 million units for February, down 19.9% from last year - a six year low. Read full newsRead More
Botswana's Debswana Diamond Mining, a joint venture between De Beers and the southern Africa country's government, have awarded Thiess' subsidiary CIMIC a $1.2-billion contract to extend the lifespan of their Jwaneng mine.Jwaneng, which began operations in 1982, is currently 650 metres deep, but its owners want to deepen the pit to 830 meters (2,700 feet), which will allow continuing operations f...Read More
Botswana's Debswana Diamond Mining, a joint venture between De Beers and the southern Africa country's government, have awarded Thiess' subsidiary CIMIC a $1.2-billion contract to extend the lifespan of their Jwaneng mine.Jwaneng, which began operations in 1982, is currently 650 metres deep, but its owners want to deepen the pit to 830 meters (2,700 feet), which will allow continuing operations f...Read More
Kyrgyz gold producer Chaarat (AIM:CGH) and Turkish mining and mine construction contractor ??iftay ??nsaat Tahh? 1/4 t ve Ticaret signed today a binding term sheet to enter into a joint venture with the idea of collaborating on the Tulkubash and Kyzyltash projects in the Kyrgyz Republic.In a press release, the companies explained that even though they have worked together since 2017 and that in 20...Read More
Havilah Resources (ASX: HAV) is planning to run a detailed, high resolution, airborne electromagnetic survey or AEM to explore for additional copper-cobalt resources in the Mutooroo copper-cobalt district, located in New South Wales, eastern Australia.The survey is planned to commence in mid-April and it is expected to take at least three weeks to complete. This type of study has never been done o...Read More
BALTIMORE, March 14, Mar 14, 2019 (GLOBE NEWSWIRE via COMTEX) -- All amounts expressed in U.S. dollars On March 11, 2019, Barrick Gold Corporation GOLD(ABX)...Read full newsRead More
Chile's Supreme Court has ruled in favour of Barrick Gold (TSX:ABX) (NYSE:GOLD), revoking the permanent closure of the Canadian miner's Pascua-Lama gold-silver project.The world's largest gold miner, which completed its merger with Randgold at the beginning of the year, said the March 14 ruling overturned the Antofagasta Environmental Court's order, issued late last year, and it also ordered...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 pulled back 6.5 points or 0.5% before closing at 1128.96.MACD rose 0.9 points to -4.37. RSI our near-term momentum measure fell 6 points to 44.9 which is quite low.Support is at 1120 and 1100. Resistance is at 1144 (20-day moving average) and 1160.Last week, copper ro...Read More
Cryptojacking describes the creation of cryptocurrencies by a website that executes background mining software on a visitor's computer. Since mining is a very computing-intensive process, this can lead to reduced battery life on mobile devices. The cryptojacked computer runs at full speed, the battery drains quickly, and the profit goes to the attackers. The St. P??lten UAS has now developed the f...Read More
BALTIMORE, March 14, Mar 14, 2019 (GLOBE NEWSWIRE via COMTEX) -- All amounts expressed in U.S. dollars On March 11, 2019, Barrick Gold Corporation GOLD(ABX)...Read full newsRead More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") is now trading under the new name and is pleased to announce results from its 2018 Field Program at its Graphite Creek Project, a large?EUR?flake graphite deposit located in the Kigluaik Mountains on the Seward Peninsula approximately 60 km north of the City of Nome, Alaska.Highlights:Drilling Res...Read More
The major gold miners are grinding higher in a solid upleg, fueling growing interest in this small contrarian sector. They've mostly finished reporting their fourth-quarter results, revealing how they are really faring fundamentally. Collectively the world's biggest gold miners continue to face serious challenges, which often stem from declining production. That makes stock picking more importan...Read More
When looking to invest in gold, most investors consider only the major gold miners, but one of the best means of accessing outsized returns is by investing in junior gold miners that own high-quality development-stage projects. One that stands out for all the right reasons, despite experiencing some serious setbacks during 2018, is Continental Gold (TSX:CNL). The second half of 2018 was filled wi...Read More
Investors seeking the opportunity to obtain outsized returns on their capital should look no further than development-stage gold miner Lundin Gold (TSX:LUG), which has gained 9% for the year to date.Quality mining project under developmentLundin Gold, which is part of the world-renowned Lundin Group of companies, stewarded by the Lundin family, is developing the Fruta del Norte gold deposit in...Read More
Up 12.03% in the last five days at the time of writing, HEXO (TSX:HEXO) has the power to reward with some serious upside. Though it nosedived at the start of October, it's been climbing since the end of December and looks like a favourite for the king of the weed stocks. Add in hefty overvaluation against its future cash flow value and a beta of 3.01 relative to Canadian pharma and you have some d...Read More
South Africa's labour court ordered the Ghana-focused developer to pay former exploration director Hendrik Schloemann $140,000 plus interest and legal costs in December. GoldStone told shareholders it would consider an appeal after the ruling, but withdrew its application for leave to appeal on February 5 in secret. In the case, Schloemann successfully argued he had not resigned, as the...Read More
DRA Global, the Perth-headquartered parent company of the Johannesburg-based DRA Engineering business, is close to wrapping up its important strategic purchase of fellow South African company SENET,Read More
Paul Pint, Executive Chairman of Aguia Resources. Source: Aguia Resources Ltd.Aguia Resources Ltd. [AGRL-TSXV; AGR-ASX] shares were active Monday March 18 after the company released a maiden resource estimate for its Andrade copper project in Brazil.The company said total inferred mineral resources are estimated at 10.8 million tonnes with an average grade of 0.56% copper and 2.56 grams/tonne silv...Read More
The exploration crew working at Northern Dynasty's Pebble Project in southern Alaska. Source: Northern Dynasty Minerals Ltd.Northern Dynasty Minerals Ltd. [NDM-TSX; NAK-NYSE] said Monday March 18 that it has raised US$11.5 million from a share offering that was completed on a bought deal basis.The offering consisted of 17.9 million common shares priced at 64 cents a share and was completed under a...Read More