Major global market indices closed higher on Friday as the US released a stronger-than-expected jobs report and the People's Bank of China moved to cut reserve requirement ratios, taxes and fees.The S&P/ASX200 index was higher in afternoon trade, with Mozambique graphite producer Syrah Resources (ASX: SYR) up more than 10% on little news since announcing its first production of spherical graph...Read More
IDM Mining's exploration camp for the Red Mountain Project in northwest BC's Golden Triangle region. Photo by Ellsworth Dickson.Ascot Resources Ltd. [AOT-TSXV; OTVF-OTCQX] said Monday January 7 that it is acquiring IDM Mining Ltd. [IDM-TSXV; IDMMF-OTCQB] in a move it said will create a leading gold development company in British Columbia.Under a definitive agreement between the two companies, Asco...Read More
The Mount Marion lithium mine in Western Australia. Source: Mineral Resources Ltd.Cobalt 27 Capital Corp. [KBLT-TSXV; 270-FSE] said Monday January 7 that it has boosted its portfolio by acquiring a lithium royalty on the producing Mount Marion Lithium Mine in Western Australia.The royalty being acquired consists of 1.5% of gross revenues and AUD$2 per tonne of ore mined under the Reed Industrial M...Read More
Share this articleTORONTO - Canada's main stock index began the first full trading week of 2019 higher as it got a push from ongoing crude oil price hikes while the loonie hit a four-week high.The S&P/TSX composite index closed up 77.51 points to 14,504.13.In New York, the Dow Jones industrial average was up 98.19 points at 23,531.35. The S&P 500 index was up 17.75 points at 2,549.69, while the N...Read More
If the first week of trading in 2019 is auspicious for the rest of the year, gold bugs are going to be in for a fun ride.Amidst broad market turmoil headlined by plunging and volatile global stock markets and increased U.S.-China trade tensions, the yellow metal lived up to its safe haven status over the holiday period and into the first few days of 2019, powering forward to just shy of US$1,300 p...Read More
As the Association for Mineral Exploration (AME) prepares for its 36th annual Mineral Exploration Roundup conference from Jan. 28 to 31, 2019, we look back on industry successes in 2018 and ahead to the potential for the mineral exploration industry in 2019.While our members report they continue to be challenged in attracting investment for exploration, we are getting indications that exploration...Read More
It's no secret that 2018 was a challenging year for most of us who make our living sharing insight, research, and speculation on junior resource stocks.Tax-loss selling at the end of 2018 was a nice last kick in the behind to close out the year.The first week of 2019, however, is off to a very good start with many of the better companies surging 30-40, even 100% in less than two weeks.Midas Gold (...Read More
I think it was the great investor Warren Buffett who said, "Find the lie in the market and exploit it."In today's market, that lie is about coal.Coal companies are being forced into bankruptcy due to politics. Ironically, that is great news for investors.Here is what the liberal rag ThinkProgress has to say:The last time U.S. coal consumption was this low, Jimmy Carter was president.Despite campai...Read More
At least 30 Afghan villagers searching for gold in a riverbed perished on Sunday in a flash flood in northeastern Badakhshan province, provincial officials said.Read full newsRead More
"Weekly Big News Round-Up. What happened in the Resource sector in the past week? Find out here: https://t.co/ftasMVJoGq #resource #mining #exploration #investing #INN"Read full newsRead More
"@CROP_cse"The project is advancing on schedule and on budget with great thanks to the construction teams who continued working right up until December 24th and are now back on site to ensure success of the farm in 2019."Farm Update https://t.co/GXdF4fstWm$CROP #momentumstocks"Read full newsRead More
Global refined copper consumption will register steady growth over the coming years, driven by demand from the power industry, rising electric vehicle (EV) production and a positive global economic growth outlook, a new copper supply and demand outlook by Fitch Solutions shows.Fitch forecasts that global copper demand will increase from 23.6mnt in 2018 to 29 .8mnt by 2027, at 2.6% annual growth.Bu...Read More
At least 30 Afghans were killed on Sunday when the tunnel they were digging in to mine gold in northern Afghanistan collapsed, officials said.Officials said the victims were villagers who were mining for gold illegally, rather than in a government project."Poor villagers during winters try to compensate their earnings by pursuing illegal mining. They dig tunnels to enter the mines," Nek Mohammad N...Read More
Ecuador, one of the hottest destinations for copper prospectors, aims to more than double the value of mining to its economy by 2021, but projects risks delays and potential halts due to growing local opposition to the extraction of the country's resources.According to the latest report by Fitch Solutions Macro Research, the ongoing expansion of mining exploration in the South American country is...Read More
Ecuador, one of the hottest destinations for copper prospectors, aims to more than double the value of mining to its economy by 2021, but projects risks delays and potential halts due to growing local opposition to the extraction of the country's resources.According to the latest report by Fitch Solutions Macro Research, the ongoing expansion of mining exploration in the South American country is...Read More
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Last year was a tough one for silver investors and miners. The white metal started the year on a positive note, opening at just over US$17 an ounce, but then the wheels fell off and it plunged to under US$14 per ounce in mid-November 2018.While silver has rallied in recent days, following gold higher, to trade at US$15.70 per ounce, it is still well under US$17 an ounce and down by 8% over the las...Read More
In early December, I'd discussed bullish signs for gold as we prepared to enter the new year. At the time, the spot price of gold had just reached $1,250 per ounce. As of this writing, gold has climbed to nearly $1,300 per ounce. There is good reason to believe that the yellow metal can carry this momentum throughout 2019.The bout of stock market volatility has spilled over into 2019. It shows no...Read More
I was trying to acquire perspective on the world of gold by getting far away from the supposedly experts of all names that no-one had previously heard of, like the Jim Rickard, this other unknown, that other newcomer, etc.... They put their grain of salt on everything as if they were knowledgeable, like << the velocity of money is slowing today >> and << the CIA chief has had a bad night and...Read More
Pacific Empire Minerals (TSXV: PEMC) recently consolidated 90 sq. km of contiguous claims in central B.C.'s Babine copper-gold porphyry district into its Paragon copper-gold project after amalgamating its Wasp property and recently option Nilkitkwa property with six claims of newly staked ground.Rock samples from a due diligence program at Nilkitkwa include 1.89% copper and 0.2% copper. The six cl...Read More