Barrick Gold ended an $18 billion Newmont Mining hostile bid in favor of a Nevada joint venture. Barrick Gold stock rose; Newmont Mining stock fell.Read full newsRead More
There appears to be a consensus among insiders that stocks are likely to face significant resistance at current levels. On Monday, we suggested that insiders were signalling that 1,160 would be a tough nut the crack for the INK Canadian Insider Index. We see the same dynamic playing out in US markets.Stalling insider sentiment suggests stocks may have a hard time advancing Like our Canadian-foc...Read More
Pakistan's military is taking a key role in the development of one of the world's biggest untapped copper and gold deposits, which is currently stalled by a multi-billion dollar legal wrangle with foreign mining firms, multiple sources familiar with the situation said.The Reko Diq mine has become a test case for Prime Minister Imran Khan's ability to attract serious foreign investment to Pakistan...Read More
ELKO, Nev. (AP) - Barrick Gold is dropping its takeover bid for Newmont Mining, as the gold companies instead form a joint venture to combine their Nevada mining operations.Last month Barrick Gold Corp. offered to acquire Newmont Mining Corp. for about $18 billion in stock.The joint venture will include the companies' assets and reserves in Nevada. It doesn't include Barrick's Fourmile project and...Read More
The venture, which replaces a hostile takeover bid by Barrick, could produce synergies of $4.7 billion without the integration issues of a merger. It may have been what both companies were looking for all along.Read full newsRead More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company"), is pleased to announce that further to the approval received at a Special Meeting of Shareholders held on February 22, 2019 (the "Meeting") and as described in more detail in the management information circular of the Company dated January 18, 2019 (the "Circular"), the Company's name has changed...Read More
With little fanfare, gold is staging a nice consolidation in the $1280-$1350 price zone.Please click here now. Double-click to enlarge. A breakout from this $70 trading range would usher in a fresh target of $1400 and perhaps $1420.Note the superb position of the 14,7,7 series Stochastics oscillator at the bottom of the chart.Its great positioning is just one of many reasons why $1280 could...Read More
With volatility and uncertainty rearing its ugly head recently, gold has started to stage a bit of a comeback. For the last few months, the precious metal has pushed above US$1,300 an ounce, making the investment a little more compelling than it once was. For centuries, gold has been a safe-haven asset and store of wealth that many investors still keep as an insurance policy of sorts. For this rea...Read More
The following three Canadian stocks are today's top choices for high-growth potential. These kinds of stocks are usually chosen for their high expected earnings, growth in revenue, or increased cash flow over the upcoming three-year period, as calculated by analysts. Let's sift through the stats and see whether or not they make good investments at this point in time.Questor Technology (TSX:QST)A s...Read More
"The sovereign in the U.S. is supposed to be 'We The People'- first three words in The Constitution. It's not 'We The People.' The sovereign power of the U.S. is a criminal global banking cartel. Period. Full stop.""Criminal immunity is tantamount to Sovereignty. Any entity that has criminal immunity has Sovereign power. For example, you don't need the Constitution to coin money and regulate the v...Read More
Downgrades of the world's second biggest mining company have been rare since the stock started moving up from its low of £15.77 in early 2016 in London to a peak last week of £44.Read More
"We are one of the lower-priced gold equities out there," he told Mining Journal in an interview in Toronto.Read More
Wallbridge active on Quebec drilling latestWallbridge Mining Co. Ltd. [WM-TSX, WC7-FWB] shares were active Wednesday March 13 after the company tabled results from initial drilling at its recently optioned Beschefer gold property in Quebec.The Beschefer Project covers 647 hectares and is located on the Northern Abitibi Greenstone Belt, 28 km from the company's Fenelon Gold property. Beschefer is a...Read More
Azarga Uranium's Dewey Burdock Project in southwestern South Dakota is suitable for in-situ uranium recovery. Source: Azarga Uranium Corp.Azarga Uranium Corp. [AZZ-TSX; AZZUF-OTCQB] said Wednesday March 13 that it has made arrangements for a $3 million private placement that will be used to advance its flagship Dewey Burdock uranium project in South Dakota and Gas Hills Project in Wyoming.The comp...Read More
Forget U.S. sanctions on Venezuela.There's absolutely nothing President Trump can do that can harm Venezuela's oil industry more than it already has been.The crippling blackouts that have gripped much of Venezuela for nearly a week have been a catastrophe waiting to happen.This crisis was inevitable, and make no mistake: There's no clear solution ahead.The issue surrounds the country's primary hyd...Read More
Blue Sky Uranium (TSXV: BSK; US-OTC: BKUCF) has unveiled a preliminary economic assessment (PEA) for its Ivana uranium-vanadium deposit at its 100%-owned Amarillo Grande project in Rio Negro, Argentina highlighted by low operating costs."For the last three months we've been busy finalizing our PEA," Blue Sky president and CEO Niko Cacos says in an interview with The Northern Miner. "It's a very po...Read More
After riding out a decade of political and market instability, Ecuador-focused junior Salazar Resources (TSXV: SRL) has emerged with funds and a new focus to explore its portfolio of early-stage projects in the country.The company is helmed by Fredy Salazar, an Ecuadorian geologist with more than 30 years of experience, including a stint working for Newmont Mining (NYSE: NEM) in the country. Over...Read More
Canada's federal government used the opportunity of the annual convention of the Prospectors & Developers Association of Canada in Toronto in early March to unveil its 44-page Canadian Minerals and Metals Plan (CMMP), which is intended to guide federal and provincial mining policy in the years ahead.In some ways, the CMMP follows in the steps of the Whitehorse Mining Initiative, which was signed i...Read More
Atlantic Gold (TSXV: AGB; US-OTC: SPVEF) has added measured and indicated ounces at its Touquoy, FMS and Cochrane Hill gold projects with results from its 2018 drill campaign.The company added 88,000 oz. gold at Touquoy which, net of mine depleting, represents a 17% increase. The deposit now contains 11.3 million measured and indicated tonnes grading 1.23 grams gold for 445,000 oz. gold.It boosted...Read More
Imperial Metals ' (TSX: III) deal with Newcrest Mining (ASX: NCM) to sell a 70% stake in its Red Chris mine in British Columbia averts a "liquidity crunch" for the Vancouver-based company and will improve execution at the mine, CIBC says.The transaction prompted the bank to upgrade Imperial Metals to a neutral rating from underperformer and lift its 12-18 month target price on the stock from 60 ?...Read More