Canada's Barrick Gold TSX:ABX)(NYSE:GOLD), which completed its $5.4 billion merger with Africa-focused Randgold Resources at the start of the year, reported Wednesday a loss for its fourth quarter, due partly to issues at two mines in South America.The world's top gold producer by volume, which keeps its books in U.S. dollars, lost $1.2 billion, or $1.02 per share, for the quarter ended Dec. 31 co...Read More
Moscow-based Vist Group, a subsidiary of Helsinki-based Zyfra, announced this week that it launched a robotized towing truck project together with Nazarbayev University and Russian truck maker Kamaz.Using a previous experience robotizing the BelAZ 7513R truck and BelAZ 78250 front loader for open-pit mining, Vist said that it now wants to upgrade the five-wheel towing truck Kamaz Neo. The plan is...Read More
Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK), Canada's largest diversified miner, posted Wednesday quarterly profits below estimates, due mainly to weak prices for heavy crude and base metals.The Vancouver-based miner, the world's second-biggest exporter of steel-making coal, recorded negative pricing adjustments, charges related to a write-down in inventory and an operating loss at its Fort Hi...Read More
In the eyes of investors, lustrous futures await Goldcorp, Eldorado Gold, and Yamana Gold.Read full newsRead More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) (the "Company" or "IsoEnergy"), is pleased to announce chemical assay results from intervals of strong uranium mineralization reported earlier (see news release dated January 28, 2019) from the Hurricane zone. The highlight is an intersection in drill hole LE19-02 of 3.5 metres averaging 10.4% U3O8 from 326.5-330.0 metres, that include...Read More
Vancouver, BC - Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron"), is pleased to report Q3 revenue of $1.87 million for the period of November 1st, 2018 to January 31st, 2019.The figure represents aggregate sales from Quadron's three subsidiaries: Soma Labs Scientific Inc., Greenmantle Products Ltd, and Cybernetic Control Systems Inc.Among Quadron's portfolio of extraction an...Read More
Intermin's share price was 8.33 percent higher at the end of trading on Monday, closing on the ASX at AU$0.13.Read full newsRead More
In the late stages of 2018, gold regained some of its luster. As a safe haven, investors warmed up to the yellow metal as the market corrected. Gold has quietly resumed its uptrend and is up 2.8% year to date.For investors, it is always a good idea to have gold exposure in your portfolio. It's no secret that the traditional large cap gold mining stocks have struggle mightily over the past few year...Read More
Canadian mining giant Teck Resources (TSX:TECK.B)(NYSE:TECK) released its fourth-quarter and annual 2018 results early on Wednesday. Quarterly performance was weaker than what analysts had predicted, but the company broke some new records for the year. The stock has been a great recovery story over the past three years. Does the latest financial report encourage new investment in the resources gi...Read More
Imagine that you - as a retirement investor - had to eschew the usual rote of stock selection based on branding, market cap, and hyperbole. If you were to stick to the usual defensive sectors of the TSX index but go for less obvious stocks to pad out an RRSP, what might those stocks be?Below you will find three suitable stocks that fit the bill, spanning the Canadian energy and mining industries,...Read More
So you want TSX index stocks that will set you up for years to come? Just right for an RRSP or other retirement savings plan, stocks like the following three popular choices offer retirement investors some solid gold routes to defensive dividends. Take a look at the stats as we delve into today's hottest retirement stock picks.Suncor Energy (TSX:SU)(NSE:SU)Towering over the Canadian investment lan...Read More
Nordic Gold's mill at its Laiva Mine near Raahe, Finland. Source: Nordic Gold Corp.Nordic Gold Corp. [NOR-TSXV; FIEIF-OTC] shares lost 38% of their value Wednesday February 13 after the company said it is experiencing liquidity and operational issues at its 100%-owned Laiva Mine near Raahe, Finland.In a status update that triggered heavy selling of the shares, Nordic said these problems are due to...Read More
Visible gold was encountered in the New Discovery area in drill hole BL 18-12. Photo courtesy Galway Metals Ltd.Galway Metals Ltd. [GWM-TSXV; GAYMF-OTC] rallied sharply on Wednesday February 13 after the company reported the first assays from a new gold find at the company's Clarence Stream project in southwest New Brunswick.The discovery hole, BL18-12, returned 7.3 g/t gold over 36.7 metres, incl...Read More
Site plan for Nemaska's Whabouchi lithium mine in Quebec. Source: Nemaska Lithium Inc.Nemaska Lithium Inc. [NMX-TSX; NMKEF-OTCQX; NOT-FSE] shares tumbled Wednesday February 13 after the company said it will need an additional $374 million to complete the construction of its Whabouchi Project (mine and electrochemical plant) in Quebec.The announcement follows a "cost to complete reassessment" which...Read More
What is Saudi Arabia's greatest fear?It's not being called out by the international community over murdering a journalist. It's certainly not over the fact that women in the country were able to vote for the first time only a few years ago or were allowed to drive a car starting only last year. The answer... is camels.You see, neither of those first two things is more frightening to a young Saudi...Read More
John G. Speer, John Henry Moore Distinguished Professor of Metallurgical and Materials Engineering at Colorado School of Mines, has been elected to the National Academy of Engineering. Election to the NAE is among the highest professional distinctions granted to engineers, recognizing those who have made outstanding contributions to "engineering research, practice or education, including, where...Read More
Early traditional miners would have never believed that the industry tools of choice would one day shift from shovels and pickaxes to automation and artificial intelligence.Mining companies are now faced with navigating how to operate - and seize the opportunities - in a market driven by constant disruption in the fourth Industrial Revolution. With a new era, comes new challenges. Companies that e...Read More
Continental Gold (TSX: CNL; US-OTC: CGOOF) has tabled an increased resource estimate for its Buritica gold development project in north-western Columbia that reinterprets the way the company sees its deposits and incorporates new zones called broad mineralized zones (BMZs).The company tabled its prior resource in 2015 and based it more on surface drilling as opposed to underground drilling. After...Read More
All of those supply and demand, and price forecasts carefully assembled in late 2018 for iron ore have become obsolete in the wake of Vale's devastating Corrego do Feijao tailings disaster in Brazil's Minas Gerais state in late January, where the grim count now stands at 165 dead, with 160 people missing, mostly Vale employees.The Dam 1 at Feijao - built in 1976 and reaching 86 metres high, with a...Read More
First Cobalt (TXSV: FCC; US-OTC: FTSSF) has extended copper-cobalt mineralization along strike at both its Waite zone and No Name zone, part of its Iron Creek cobalt project in Idaho.The company is reporting four holes it drilled west of the project's current resource in 2018. The holes extend the Waite zone, 120 metres west along strike, and the No Name zone, 60 metres west along strike. The comp...Read More