AVZ Minerals' Manono became the world's largest non-brine lithium resource after the Perth-based company released the maiden estimate for its 60%-owned project in southern DRC in August this year.At the end of November, AVZ published the results of a drilling campaign that further increased Manono's size - by more than half to just over 400 million tonnes grading 1.66% Li2O for 6.6m tonnes of lith...Read More
AVZ Minerals' Manono became the world's largest non-brine lithium resource after the Perth-based company released the maiden estimate for its 60%-owned project in southern DRC in August this year.At the end of November, AVZ published the results of a drilling campaign that further increased Manono's size - by more than half to just over 400 million tonnes grading 1.66% Li2O for 6.6m tonnes of lith...Read More
Red Pine Exploration Inc. (TSX-V: RPX) (Read full newsRead More
Although one week does not make a trend, given recent market carnage, the bulls can be forgiven if they point to some positive developments in the Canadian market last week. Nicholas Winton who writes a weekly technical outlook for the INK Canadian Insider Index noted in his Monday write up that the index (-0.8%) outperformed US markets last week, including the S&P 500 (-4.6%). We would add that...Read More
Alacer Gold (TSX: ASR; US-OTC: ALIAF) has tabled a maiden resource for its Ardich gold deposit, located 6 km northeast of its 80% owned Copler gold mine in east-central Turkey. The current resource is within areas 80% owned by Alacer.Ardich contains 6.92 million measured and indicated tonnes grading 1.32 grams gold for 294,000 oz. gold. It also contains 2.2 million inferred tonnes at 1.2 grams gol...Read More
ABIDJAN - Ivory Coast plans to double gold production by 2025, its vice president said on Monday, as the west African country strives to revive its long-neglected mining sector.Ivory Coast, the world's top cocoa producer, is seeking to diversify revenues by increasing gold output from 25 tonnes last year to 50 tonnes between 2020 and 2025, said Daniel Kablan Duncan at the opening of an ECOWAS meet...Read More
NEW DELHI - India's environmental court on Monday said it will issue its judgment in one week on whether to allow Vedanta Ltd to re-open its copper smelter, which was closed earlier this year after 13 people died when police fired on protesters.A panel of experts set up by India's National Green Tribunal, informally known as the environmental court, in November said authorities in Tamil Nadu state...Read More
KINSHASA - Democratic Republic of Congo's state mining company Gecamines said on Monday it would increase its stake in its Boss Mining joint venture with ENRC Africa Holdings to 49 percent after the two companies renegotiated terms.The state miner is moving to increase its take from joint ventures with international miners such as Glencore and China Molybdenum, which it accuses of not bringing eno...Read More
MELBOURNE - Kidman Resources, a supplier of lithium to U.S. electric car maker Tesla said on Monday it had settled a court dispute that could have derailed joint development of a mine in Western Australia with Chile's SQM.In a statement announcing the settlement, Kidman did not specify terms. Court documents show the settlement was reached with private company Phoenix Rise and Jeffrey Hull, a reti...Read More
"Barrick CFO Catherine Raw will take on the new job of COO for North America from January 1, after current USA president Michael Brown retires | https://t.co/LiUQngb936 $ABX"Read full newsRead More
Capstone Mining (TSX: CS) released today positive results of an updated technical report for its Cozamin mine, located north-northwest of Zacatecas City in the Mexican north-central state of the same name.Cozamin is a polymetallic underground mine with a surface milling facility.According to the updated report on the operation, Proven and Probable Mineral Reserves increased significantly compared...Read More
Fortuna Silver Mines (NYSE: FSM) (TSX: FVI) decided this week to move forward with a strategic cooperation agreement with Prospero Silver (TSXV: PSL) and exercised its right to be granted an option to acquire up to a 70% interest in the Pachuca SE project, located close to the historic mining city of Pachuca in Mexico's central Hidalgo state.To be able to do so, Fortuna has to spend $8 million in...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The INK Canadian Insider Index followed through on its late-week bounce from the prior week and soon ran 16 points to 1093.40 on Monday. However, with tax loss selling and wild volatility continuing in US markets, those early gains were short-lived and the Index sliced through all levels...Read More
Canada is already freezing, and if you don't have a good winter jacket to battle the cold, this is the perfect gift for you from Sport Chek.Read full newsRead More
Canada is already freezing, and if you don't have a good winter jacket to battle the cold, this is the perfect gift for you from Sport Chek.Read full newsRead More
Newmont Mining (NYSE: NEM) expects its attributable gold production will reach 5.2 million ounces in 2019 and 4.9 million ounces in 2020, while attributable copper production will be 45,000 tonnes in both years.All-in sustaining costs for gold will come in at US$935 per oz. in 2019 and US$975 per oz. in 2020, while AISCs for copper will reach $2.45 per lb. next year and $2.55 per lb. in 2020.Longe...Read More
Since Steppe Gold (TSXV: STGO) purchased Altan Tsaagan Ovoo (ATO) from Centerra Gold (TSX: CG) for $19.8 million in January 2017, the junior has made steady progress de-risking and building the heap leach, gold-silver project in eastern Mongolia.Seven months after the acquisition last year, the company teed-up a US$23 million gold and silver stream agreement with Triple Flag Mining Financing, and...Read More
Everyone has different reasons for investing or speculating in the resource sector. I believe, for the majority of the participants, it's the allure of 10 baggers that attract them to the juniors.While the appeal to windfall profits is attractive to almost anyone, I believe it's exactly this mindset that keeps many investors from actually realizing the gains they are given in the market.Too many t...Read More
As we approach the end of the year, many investors are starting to think about stocks they might want to add to their self-directed RRSP portfolios for 2019.RRSP season, as it is known, really heats up in January and February, although contributions can certainly be made on a regular schedule throughout the year to avoid the annual deadline crunch.Since the RRSP is generally viewed as a buy-and-ho...Read More
Recent weakness in the TSX Index has investors wondering which stocks might be attractive picks for a potential recovery through the end of 2018 and into next year.Let's take a look at two stocks that could deliver some nice upside in the coming months.Barrick Gold (TSX:ABX)(NYSE:ABX)Barrick Gold fell from $19 per share at the beginning of 2018 to below $13 in September. Since then, the stock has...Read More