Sibanye-Stillwater said on Thursday it had extended a wage agreement to cover all of its South African gold workforce, potentially putting an end to a strike that has seen almost half of its employees down tools since mid-November.The firm's shares rose 6 percent after the diversified miner said the strike, called by the Association of Mineworkers and Construction Union (AMCU), was no longer legal...Read More
De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, which would make them the first listed companies to mine there in that sector for two years, Mining Minister Winston Chitando said.A spokesman for De Beers, an Anglo American unit, said in an email it was not mining in Zimbabwe and did not intend to. Vast Resources said it could not comment.Zimbabwe has been working t...Read More
Kirkland Lake Gold (TSX: KL; NYSE; KL) has drilled high grade and visible gold mineralization on the down plunge extensions of the Swan zone at its Fosterville gold mine in Victoria, Australia.The company says results from 47 new drill holes totaling more than 17,000 metres of underground drilling outside the current measured and indicated Swan resource are confirming its geological model. It has...Read More
A debt swap for cash-strapped state power company Eskom would spiral the country into more debt, South Africa's President Cyril Ramaphosa said on Thursday, adding there was need to look at other options to shore up the company's balance sheet.Eskom, which has had to implement power cuts due to coal shortages and poor plant performance, said last week it wants the government to take on 100 billion...Read More
Exploration and development company Bacanora Lithium (LON:BCN) revealed Thursday it is preparing a 2019 stock exchange listing for the subsidiary that holds its 50%-owned Zinnwald lithium deposit in southern Saxony, Germany.The company, best-known for the Sonora lithium project in Mexico, said it had held discussions with its financial advisers about listing Deutsche Lithium and that it expecte...Read More
OK2 Minerals (TSXV: OK) entered into an arms-length definitive agreement with EMX Royalty (TSXV: EMX) to acquire the past-producing Bleikvassli Cu-Zn-Ag-Pb-Au Mine, and the Sagvoll and Mer??ker Zn-Cu projects, all located in Norway, as well as the advanced-stage Bastutr??sk Zn-Cu-Au project in Sweden.In a press release, the Vancouver-based miner said that together with the acquisition, it will und...Read More
If you're stuck on options of what to do this New Year's Eve, or Vegas is slightly out of your price range, don't worry - Casinos BC have you covered.Read full newsRead More
If you're stuck on options of what to do this New Year's Eve, or Vegas is slightly out of your price range, don't worry - Casinos BC have you covered.Read full newsRead More
"Detour Gold has postponed its planned shareholders meeting after learning that a bloc of investors have sided with Paulson & Co on its quest to overthrow Detour's board. https://t.co/Nz9XYxc8jk #investing #resource #preciousmetals #gold"Read full newsRead More
"Gold Forecast 2019: Companies Weigh In. The gold price has decreased almost 5 percent this year, a contrast to what was predicted at the end of 2017. https://t.co/YyJHsDzMDq #investing #resource #preciousmetals #gold #forecast"Read full newsRead More
Cactus Club Cafe is giving away a $300 gift card, so you can go in and enjoy some of their fresh, locally sourced cuisine.Read full newsRead More
Cactus Club Cafe is giving away a $300 gift card, so you can go in and enjoy some of their fresh, locally sourced cuisine.Read full newsRead More
When it comes to resource stocks, John Kaiser believes investors are in capitulation mode. In his Tuesday Discovery Watch interview, Mr. Kaiser suggests that may be the overriding reason why Great Bear Resources (Mixed; GBR) and Osisko Metals (Sunny; OM) stocks seemed unimpressed with the good news from both companies over the past week.Click for larger Mr. Kaiser described a state of desponde...Read More
Casa Minerals (TSXV: CASA) has discovered a new zone at its Pitman gold project near Terrace, B.C., 1 km south of the Golden Dragon gold discovery it made earlier this year.Prospecting, rock and soil geochemical sampling graded as high as 231 grams per tonne silver, 2.83% copper and 6.15% zinc at the Dragon Tale zone over an area measuring 1.4 km by 0.7 km. The zone remains open in all directions....Read More
Less than a year after acquiring a 76% stake in the Coscuez emerald mine in Colombia, Fura Gems (TSXV: FURA; US-OTC: FUGMF) has completed a maiden resource estimate that puts the potential mine life of the project at 30 years.The company mapped more than 20 km of underground tunnels, drilled more than 1,600 metres and recovered nearly 16,000 carats of emeralds from bulk samples that resulted in an...Read More
Where are the populist government leaders who are cutting their outrageous government debts?The answer, unfortunately, is that they do not exist.Citizens riot in France over insane fuel taxes, central bankers resign in India, markets crash in America, and England's citizens watch their Brexit turn into an overpriced wet noodle.None of this fazes the world's populist leaders. They believe they alon...Read More
You might buy and forget stocks that have increased their earnings or cash flow over many years. However, investors need to be very careful around commodity stocks such as Cameco (TSX:CCO)(NYSE:CCJ) and Crescent Point Energy (TSX:CPG)(NYSE:CPG).CamecoCameco stock has done very well in the last 12 months by appreciating about 20%. However, it's not the type of investment that you can buy and forge...Read More
The following is an excerpt from my December 6th issue of the Mining Stock Journal:Trumps Dilemma - The dollar index has been rising since Trump began his war on trade. But right now it's at the same 97 index level as when Trump was elected. Recall that Trump's administration pushed down starting in 2017 to stimulate exports and attempt to cut the trade deficit. The dollar fell from 97 to 88....Read More
However the optimism could evaporate with reports emerging at the time of writing of a second Canadian believed to have been detained in China.The news follows last week's arrest in Canada of Huawei's CFO Meng Wanzhou, who has since been granted bail.Base metals were little changed on low volumes on the London Metal Exchange yesterday and the gold price is similar to this time yesterday, around US...Read More
Well, it was another shit show today for cannabis stocks.The downward spiral began a couple of months ago, and has not let up. Although we are now seeing some indication that most of the bleeding is starting to slow down a bit. Still, this is of little comfort to those who showed up late to the cannabis game.MariMed (OTCBB: MRMD) was today's biggest loser, although a 25% drop in share price opened...Read More