It has been a tough time for investors in intermediate gold miner Eldorado Gold (TSX:ELD)(NYSE:EGO). The miner, which recently completed a 5:1 share consolidation, has lost 18% over the last year compared to gold, which has been flat over that period. There are signs that it won't be plain sailing for the beaten-down miner, as it wrestles with a range of operational, geopolitical, and financial ri...Read More
Hello again, Fools. I’m back to call attention to three stocks that popped last week. Why? Because after a given stock soars over a short period, one of two things usually happens: it keeps on flying as short-term oriented traders look to pounce on the momentum; or it pulls back sharply as cautious investors look to lock in profits.Fundamentals count most over the long run, of course. But kn...Read More
Firmer gold has attracted considerable attention for gold miners with investors combing the industry looking for bargain-basement opportunities. One that’s been gaining attention is Kinross Gold Corp. (TSX:K)(NYSE:KGC), which has spiked by almost 9% since the start of 2019. This has garnered considerable interest from some pundits, who are claiming that it’s poised to deliver value for...Read More
In general, I have an aversion to commodity companies. They are price takers, meaning that no matter how good the company is, it can be thrown to the wolves if the global order changes and commodity prices fall. They are extremely volatile in nature, and are as likely to destroy wealth as to create it.That said, not every commodity is doing poorly at the moment. Although oil continues to be a drag...Read More
While silver has followed gold higher in recent weeks to be up by 3% since the start of 2019 and trading at around US$16 an ounce, many primary silver miners have failed to rally. Pan American Silver Corp. (TSX:PAAS)(NASDAQ:PAAS), which recently completed the takeover of Tahoe Resources Inc., is down by 3% over the same period, creating an opportunity to acquire the world's premier silver miner at...Read More
PI Financial's Chris Thompson and Philip Ker say investors should watch for a potent reversal and widening of the gold-to-silver ratio to historic highs (roughly 86:1) which will favour accumulating select silver-focused stocks over gold stocks.2019 should be a good year for Canadian gold and silver stocks. Investor sentiment for precious metals mining stocks improved in 2018's fourth quarter, led...Read More
Titan and Core have budding gold assets in Peru and Ecuador, respectively, with the merger deal contingent on Titan's raising of a minimum of A$20 million in new equity (at the time of deal closure),Read More
Alrosa sold 121 rough stones totalling 1,950ct to 31 firms.It did not provide any other details but said there was participation from firms in the UAE, India, Belgium, Israel, Hong Kong, Russia and the US.Member of the management board and director of the United Selling Organization at Alrosa Evgeny Agureev said the company had been cooperating with the Dubai Diamond Exchange on industry issues si...Read More
Ausdrill has a potential war chest of about A$375 million to make some bolt-on acquisitions in the surface mining contracting space or build its own surface mining arm should it choose to.Read More
The case was one of three class actions filed against Northern Dynasty and some of its officers and directors, following a Read More
Redzone's Leinster lithium project in the Republic of Ireland. Source: Redzone Resources Ltd.Redzone Resources Ltd. [REZ-TSXV; REZZF-OTC; : REZZF] said Monday February 25 that it has acquired 4,438 hectares of prospective vanadium mineral claims near Mackenzie, British Columbia.The mineral rights were acquired via staking, the company said in a news release.The property is targeting the extension...Read More
Open pit mining operations at the Copper Mountain Mine near Princeton, southern British Columbia.Copper Mountain Mining Corp. [CMMC-TSX; CPPMF-OTC; C6C-ASX] on Monday February 25 announced a new integrated life-of-mine production plan for its flagship Copper Mountain mine in southern British Columbia.Copper Mountain shares advanced on the news, rising 18.6% or 16 cents to $1.02 on volume of 1.98 m...Read More
A Newmont Mining gold pour in Nevada. Source: Newmont Mining Corp.Barrick Gold Corp. [ABX-TSX, NYSE] has launched a US$18 billion hostile bid to acquire U.S. rival Newmont Mining Corp. [NEM-NYSE] in an all share transaction that would create the world's largest gold producer.The combined company would have a market cap of $42 billion. It would produce 10 million ounces of gold annual at an all-in-...Read More
Want to see a significant source of greenhouse gas emissions? Take a look up at the sky.Aircraft are major contributors to carbon emissions. To fly round-trip from New York to London produces the same amount of emissions as the average household produces heating their home for an entire year.Right now, direct emissions from global aviation accounts for more than 2% of the total greenhouse gases be...Read More
Kenneth Osgood, a historian and professor of humanities, arts and social sciences at Colorado School of Mines, was recently featured on C-SPAN discussing the CIA, the Cold War and Radio Free Europe. The author of the book "Total Cold War: Eisenhower's Secret Propaganda Battle at Home and Abroad," Osgood's research interests include the history of propaganda and intelligence, the history of media,...Read More
Denise Burgess has been appointed to the Colorado School of Mines Board of Trustees by Gov. Jared Polis.Burgess, president and CEO of Burgess Services Inc., a Denver-based construction management firm, will serve a four-year term through December 2022.A graduate of the University of Northern Colorado, Burgess joined her family's business in 1994 after launching her own career in advertising sales...Read More
Although the Northwest Territories is deep in the grip of winter, there have been several major mining-related developments in the last two months in the areas of new mining legislation and infrastructure.The Northern Miner sat down with the Northwest Territories Minister of Infrastructure and Industry, Tourism and Investment, Wally Schumann, at the Association of Mineral Exploration's (AME) annua...Read More
In December 2018, Yorbeau Resources Inc. (TSX: YRB; US-OTC: YRBAF) optioned its Rouyn gold property in Quebec to IAMGOLD Corporation (TSX: IMG; NYSE: IAG) and a month later, the two companies began drilling the property.The Rouyn property is located roughly 4 km south of Rouyn-Noranda and covers a 12 km stretch of the gold-rich Cadillac-Larder Lake Break.The companies now have two drill rigs turni...Read More
OceanaGold (TSX: OGC; US-OTC: OCANF) has tabled a maiden resource at its WKP gold prospect, 10 km north of its Waihi gold mine in New Zealand.WKP's East Graben vein contains 410,000 indicated tonnes grading 18 grams gold and 22.7 grams silver for 234,000 oz. gold and 296,000 oz. silver. Its East Graben vein and T-Stream veins also contain 1.05 million inferred tonnes at 11.9 grams gold and 16.8 gr...Read More
Trade wars are not sustainable and you should be using the current weakness in copper prices to initiate or increase positions in your favorite explorers.That's the advice I've been giving subscribers over the past several months and, like clockwork, copper has surged near the $3/lb. level on news that "substantial progress" in trade talks was made over the weekend, along with Trump announcing he...Read More