South Africa-based explosives leader BME will be showcasing its African presence, expertise and technology at the 2019 Investing in African Mining Indaba from February 4th to 7th in Cape Town; it will also highlight its strengthened presence in West Africa, which is poised to become one of the top five gold-producing regions in the world."The mood is even more buoyant than it has been in previous...Read More
Roxgold (TSX: ROXG; US-OTC: ROGFF) expects its Yaramoko mine in Burkina Faso will produce between 145,000 and 155,000 ounces this year at cash costs of $440-$470 per oz. and all-in sustaining costs of $765-795 per oz.The company expects to have a strong year with the addition of Yaramoko's second high-grade underground mine, Bagassi South, which is expected to reach commercial production in the se...Read More
New Jersey Mining (CNSX: NJMC; US-OTC: NJMC) has intersected gold mineralization at its Paymaster Shoot in Idaho's Coeur D'Alene district grading as high as 70.3 grams gold over 0.35 metres. The company drilled both holes to extend gold mineralization down dip from exploratory holes it drilled at Paymaster in 2012.Paymaster is the next mineralized zone south of the Skookum Shoot, part of the compa...Read More
ABB is working closely with major mining customer Polska Grupa G??rnicza S.A. (PGG) on new ways to use digital technologies from the ABB AbilityTM MineOptimize portfolio to improve specific operations at PGG sites, as well as in new applications that will benefit the larger mining industry.The combination of the know-how of Polska Grupa G??rnicza and the global experience and capabilities of ABB's...Read More
DOJ officials have reportedly told a Canadian diplomat that the DOJ will submit its formal extradition request by the Jan. 30 deadline (the US has 60 days from the day of Meng's arrest in Vancouver to formally ask for extradition)...Read full newsRead More
WARSAW, Jan 22 (Reuters) - Daimler-owned Mercedes-Benz Cars will start producing electric batteries in Jawor, Poland, the Polish Prime Minister Mateusz Morawiecki said on Tuesday, as the company looks to ramp up its investments into electric batteries in the coming decade."We are very happy that an investor that has been with us for a few years has entrusted us again and in the same place in Jawor...Read More
JOHANNESBURG - The World bank forecast higher South African economic growth this year compared with the previous year, but warned of risks such as global trade tensions and poor balance sheets of state-owned companies.The World Bank sees South Africa's gross domestic product growing by 1.3 percent this year, an improvement from a forecast of 0.9 percent for 2018.Economic growth would be supported...Read More
Tanzania intends to cancel permits for mineral sites belonging to large-scale miners that remain undeveloped and will allocate the licences to smallholders, President John Magufuli said.The announcement comes amid a tax dispute between the state and Acacia Mining Plc, in which the government is demanding $190 billion in penalties, after claiming the company had under-declared export revenue since...Read More
Analyst departure sees Canadian bank drop coverage of 18 mining companiesRead full newsRead More
There's a better potential haven than gold for investors spooked by the risk of a recession this year - mid-sized producers who've outperformed both bullion and the rest of the mining industry.Companies including Canada's Kirkland Lake Gold Ltd. and Australia's Northern Star Resources Ltd. have scope to extend gains and should be in focus for investors looking for a safe harbor, according to Joe F...Read More
South Africa's Gold Fields (JSE:GFI) (NYSE:GFI) on Tuesday denied a report by Bloomberg speculating that the company wants to combine with rival AngloGold Ashanti."This article is factually incorrect and we completely disassociate ourselves with this statement," Gold Fields said in a statement.Earlier, Bloomberg published an article outlining a $8 billion tie-up quoting "a person familiar with the...Read More
MELBOURNE - Australian cobalt developer Jervois Mining said on Tuesday it has agreed to buy a Canadian cobalt explorer with operations in Uganda, as the hunt for quality mines in the battery materials sector gains pace.Jervois, which is backed by ex-Glencore executives, is offering one of its shares for every share in M2 Cobalt, valuing the Canadian company at C$16.6 million ($12.5 million), a 4.5...Read More
Full-year production at Barrick Gold's Loulo-Gounkoto mining complex in Mali, which the Canadian miner obtained as part of its merger with Randgold, fell shy of expected targets, mainly as a consequence of a week-long strike at the operation, the company said.The Mali-based operation, one of the pillars of the country's economy since Loulo went into production in 2005, produced 1.29 million gold o...Read More
Shares of Pan American Silver (TSX, NASDAQ:PAAS), the miner that recently acquired precious metal miner Tahoe Resources, (TSX:THO) (NYSE:TAHO) creating one of the world's largest silver producers, fell in pre-market trading after it reported full year production was marginally below guidance.The Canadian miner said it had churned out 24.8 million ounces of silver last year, just shy of the 25-2...Read More
Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) is getting close to opening its first mine in Canada - the Lamaque project in Val d'Or, Quebec, which it grabbed after acquiring Integra Gold in 2017 and is expected to come online during the first quarter of the year.Delivering full year and last quarter of 2018 results, the Vancouver-based company said pre-commercial production from the operation had...Read More
In the mid-January short report released by IIROC Monday, it caught our eye how little attention the shorts give to Rai Sahi's TWC Enterprises (Sunny; TWC). A minuscule 0.016% of the gold course operator's share float is shorted. Meanwhile, insider commitment is strong with insiders holding over 70% of the shares outstanding. The bulk of those insider shares are held by Mr. Sahi, who is also the...Read More
Stocks Analysis by Nicholas Santiago covering: Newmont Mining Corporation, Goldcorp Inc. Read Nicholas Santiago's latest article on Investing.comRead full newsRead More
And not just Australian companies but small-to-mid-tier miners domiciled elsewhere on the lookout for growth options.Read More
Serial mine builder and financier Stephen Roman cut his teeth working for Denison Mines (TSX: DML; NYSE-AM: DNN), the uranium company built by his father.After starting there as a miner at the age of 19, he spent the next 25 years at the uranium producer before striking out on his own in 1990-1991.Roman went on to develop several gold projects - the most recent being Harte Gold's (TSX: HRT; US-OTC...Read More
The second half of 2018 was a difficult period for silver investors and miners. After recovering from a long-term bear market in late 2016, the white metal plunged to under US$14 during November 2018 and has barely recovered to now be trading at just over US$15 an ounce. While the outlook for silver remains stagnant, meaning that major primary silver miners are incapable of unlocking significant v...Read More