Poland's Supreme Audit Office (NIK) has lambasted state-controlled miner KGHM (WSE:KGH) for buying the Sierra Gorda copper mine in northern Chile, saying that company has spent more than PLN 19.6 billion (about $5.2 billion) managing the operation and the ore processing plant over the last three years.The Office, which looks into the way the Polish state operates and how it spends public funds, sa...Read More
In my latest Howe Street interview with Jim Goddard I assess the likelihood that we are heading into a recession. While we may not be there yet, I explain that insider sentiment in the US Industrials sector is flashing a warning sign.I also highlight how we have relatively bleak outlooks on Canada's two major railway stocks, noting insider selling has been taking place even as the companies have...Read More
"$BDSI - BioDelivery Sciences International, Inc. (BDSI) CEO Herm Cukier on Q4 2018 Results - Earnings Call Transcript https://t.co/HtJVJyhev7"Read full newsRead More
Gary Goldberg tells Barron's that he's glad to have the partnership in the works and feels optimistic about the coming vote on its Goldcorp deal.Read full newsRead More
Canada is in danger of losing its global dominance in mining, despite recent government initiatives to improve competitiveness, according to a report from an industry association.Read full newsRead More
An elevated level of corporate debt, along with the high level of U.S. government debt, is likely to mean that the U.S. economy is much more interest rate sensitive than it has been historically. - Robert Kaplan, President of the Dallas FedFed officials always understate risks embedded in the system. Translated, the statement above implies the Fed is worried about the amount of debt accumulated in...Read More
A drill program last year to validate historic resources at Reunion Gold's (TSXV: RGD) Nivre deposit in French Guiana has resulted in a 43-101 resource that is similar to its counterpart reported in 1998.The Nivre deposit contains 18.9 million indicated tonnes grading 1.09 grams gold per tonne for 665,000 oz. gold and 26 million inferred tonnes grading 1.06 grams gold for 883,000 oz. gold.The mine...Read More
It’s hard to get away from the big gold mining companies when it comes to mining news of late, and headline figures such as the $4.7bn in synergies that Barrick and Newmont will gain from their new joint venture in Nevada are hard to beat. The deal, for those who missed it, means Barrick’s $18bn hostile bid for Newmont is off the table and Newmont’s $10bn merger with Gol...Read More
Uranium Participation Corp (TSX:U) is an incredibly straightforward company. It’s also one of the only ways you can gain direct exposure to the price of uranium.The company’s mission is simple: invest nearly all of its assets in uranium. The firm’s primary investment objective is to achieve “appreciation in the value of its uranium holdings through increases in the uranium...Read More
A Toronto-Dominion Bank Securities report recently forecast that the Bank of Canada would keep the benchmark rate on hold until late 2020. Stepping in line with many oddsmakers, the forecast suggests that a rate cut is the more likely move in 2019 due to soft economic data. Earlier this week I'd discussed how much pressure the moderate credit crunch was putting on consumers.If this forecast turns...Read More
Teck Resources (TSX:TECK.B)(NYSE:TECK) has long been known as a coal company — a resource so volatile and controversial that many investors believe it could ultimately drive the company to financial ruin. Last year, I addressed whether Teck Resources could go completely bust.However, peering under the hood, Teck Resources’s management team has been positioning the company for success...Read More
Metals Ex revealed last month previous management had wildly overstated the recoveries at the Runruno gold mine in the Philippines. At the start of 2019, Darren Bowden came in as the new CEO, replacing Ian Holzberger.The company has remained in financial peril since the change. There is now US$44 million due at the end of March, although the company has asked lenders HSBC...Read More
The many automotive applications for rare earths. Source: Medallion Resources Ltd.Medallion Resources Ltd. [MDL-TSXV; MLLOF-OTCQX], a company that is pursuing the production of magnet metals, said Friday March 15 that it is raising $495,000 by way of a private placement financing. The news sparked active trading in the shares, sending them down 16.67% or $0.02 to 10 cents on volume of 3.7 million....Read More
Gold ore (with much native gold) in a quartz vein from the Privateers Mine on the west coast of Vancouver Island, British Columbia. Source: Troubadour Resources Inc.Troubadour Resources Inc. [TR-TSXV] shares rallied sharply Friday March 15 following a resumption of trading after the company announced that it has signed a letter of intent that gives it the option to acquire all the issued and outst...Read More
Construction Photos from the Buritic?? Project Source: Continental GoldContinental Gold Inc. [CNL-TSX; CGOF-OTCQX] on Friday March 15 announced details of a US$175 million financing package that will be used in part to fund the advancement of its Buritica Project in Colombia.Continental shares rallied on the news, jumping 15.4% or 40 cents to $3.00 on volume of 1.18 million shares. The shares trad...Read More
The price of rhodium is quietly breaking out - and no one is paying attention.Since the beginning of the year, rhodium prices have increased by over 55%.What is rhodium?Rhodium is a member of a group of metals known as the platinum group metals (PGMs). These metals have similar physical and chemical properties and include platinum, palladium, ruthenium, iridium, osmium, and rhodium.Rhodium is an i...Read More
Hooman Vatankhah, a PhD student in civil and environmental engineering at Colorado School of Mines, is the 2019 winner of the American Water Works Association Austin F. McCormack, Jr., Award.Named after a pioneer in membrane treatment and a life member of AWWA, the award recognizes a young professional who has made notable and outstanding contributions in water reliability, water quality, new dire...Read More
Despite centuries of local mining history, the northern Andes remain under-explored by modern standards, and the region stands as one of the favourite destinations of the world's mineral explorers. Here is a look at eight Canadian-based juniors active in Colombia, Ecuador and Peru. LUPAKA GOLDVancouver-based Lupaka Gold (TSXV: LPK; US-OTC: LPKGF) says its priority is advancing to production its In...Read More
The following is an edited excerpt from the report "State of mineral finance 2019: At the crossroads," produced by the Prospectors & Developers Association of Canada (PDAC) and Oreninc. For the full report, visit www.pdac.ca.From a broad perspective, global mineral exploration activity expanded in 2018, maintaining the positive trajectory established in 2017 after a multi-year contraction in activ...Read More
Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) is currently the largest underground gold and silver producer in Colombia, with several mines in operation at its Segovia and Marmato Operations. At PDAC2019, we learned from Mike Davies, Chief Financial Officer of Gran Colombia Gold, that they have been producing over 200,000 ounces of gold a year and expect 210,000 to 225,000 ounces of gold this...Read More