Canadian miners Pan American Silver (TSX: PAAS) and Canasil Resources (TSX:CLZ) signed a non-binding Letter of Intent providing for Pan American to acquire Canasil's interest in the Sandra-Escobar project in Durango, Mexico.The LOI provides for the parties to enter into a Definitive Agreement covering the acquisition of Canasil's interest by Pan American for a payment of CDN $2 million and grant o...Read More
Canadian miners Pan American Silver (TSX: PAAS) and Canasil Resources (TSX:CLZ) signed a non-binding Letter of Intent providing for Pan American to acquire Canasil's interest in the Sandra-Escobar project in Durango, Mexico.The LOI provides for the parties to enter into a Definitive Agreement covering the acquisition of Canasil's interest by Pan American for a payment of CDN $2 million and grant o...Read More
Just the numbers coming out of China should be cause for concern for Beijing energy planners...Read full newsRead More
"Aussie dollar gold price near A$1730/oz, the highest level since July https://t.co/eZnTIAUWpK"Read full newsRead More
Chilean miner Antofagasta Plc. (LON:ANTO) said Wednesday that copper output for the first nine months of the year fell 4 percent, but it forecast an increase in production in 2019 as grades begin to improve at its operations.The company, majority-owned by Chile's Luksic family, one of the country's wealthiest, said year-to-date copper production declined to 505,500 tonnes, from 526,500 tonnes in...Read More
Shares in Mexico-focused precious metals miner Fresnillo (LON:FRES) took a hit Wednesday after the company cut its silver production target for 2018 for a second time and posted lower-than-expected output in the third quarter, due mainly to weak ore grades at two of its mines.The company, which is the world's largest primary silver producer and Mexico's second largest gold miner, revised silver ou...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans"), is pleased to report on the success of the updated loyalty programs implemented by the Company earlier this month. In addition to these programs, Peekaboo Beans has noted a significant increase in influencer activity on Instagram and Facebook.Following the launch of these programs, the Company rec...Read More
After the tragic late-September 2018 attack at Continental Gold's (TSX:CNL) Berlin project in northwestern Colombia, where three employees were murdered, its stock was pummeled by the market to see it down by 32% for the year to date. Even gold's recent rally, which saw it climb to over US$1,220 an ounce, has failed to breathe life into the junior gold miner's share. While the incident has justifi...Read More
Elijah Johnson invited me onto the Silver Doctor's precious metals podcast to discuss why mining stocks are historically cheap and why an expected crash in the stock market will be accompanied by a soaring precious metals sector. We also discuss why Trump is beating up the Fed over rate hikes:Note on my Mining Stock Journal. I mentioned a highly undervalued intermediate gold and silver produce...Read More
For the past few years, homeowners just about everywhere have been able to finesse life's problems by thinking "at least my house is going up." This home equity accretion allowed them to buy stuff on credit, safe in the knowledge that even as they maxed out yet another credit card their net worth continued to rise. They felt smart and confident, in other words, and so continued to behave in ways t...Read More
An example of the bonanza-grade gold at the Beta Hunt Mine in Australia. Source: RNC Minerals.RNC Minerals Corp. [RNX-TSX] on Wednesday said gold production at its Beta Hunt gold mine in Australia reached record levels in the third quarter of 2018.The company said production of 31,360 mine gold ounces in the quarter marked a 199% increase compared to the third quarter of 2017. That brought product...Read More
TORONTO - Canada's main stock index posted a triple-digit decline, led lower by the materials and financial sectors, while the loonie traded higher in the wake of an interest rate hike by the Bank of Canada.The S&P/TSX composite index was down 203.32 points at 15,081.85 in morning trading.In New York, the Dow Jones industrial average was down 123.52 points at 25,067.91. The S&P 500 index was down...Read More
Crude oil got crushed yesterday.Just when you thought it was safe to look at WTI prices hitting a four-year high, the geopolitical monster in the Middle East reared its ugly head.And just when you thought the oil bulls were finally back in the driver's seat, the bears wrestled away control.Yeah, it's been that kind of October so far.The story behind the death of journalist Jamal Khashoggi seems to...Read More
When people think of energy investing, they first think of oil and the big dogs in the industry, like Exxon Mobil (NYSE: XOM) or BP (NYSE: BP). But what you may not know is that coal, though it may not be sexy, is one of the best energy investment vehicles in the world.Over the past 10 to 15 years, you could have made your fortune on lowly coal investments.For example, the blue-chip stock Peabody...Read More
Peel Mining Limited (ASX: PEX) is an Australian company focused on exploring and developing precious and base metals resources in New South Wales. Since listing in May 2007, Peel has identified and acquired several valuable mineral assets, including the Wagga Tank - Southern Nights project near Mt Hope, NSW, the May Day-Gilgunnia project (includes Mallee Bull) near Cobar, NSW, and the Cobar Superb...Read More
An interdisciplinary team of Colorado School of Mines researchers has been awarded National Science Foundation funding to develop a prototype of a "smart" irrigation system that can consider sensor data, user-defined thresholds and weather forecasts to determine when and where to water.Junko Munakata Marr, professor of civil and environmental engineering, and Qi Han, associate professor of compute...Read More
Roderick Eggert, Viola Vestal Coulter Foundation Chair in Mineral Economics and deputy director of the Critical Materials Institute at Colorado School of Mines, was recently featured in a story on CNBC about the growing demand for the rare earth element neodymium and the one country that dominates its production worldwide.Watch the full segment below:Tesla Model 3 and other electric cars are drivi...Read More
Addressing the topic of innovation in mining and mineral exploration was the order of the day at The Northern Miner's second annual Progressive Mine Forum (PMF) held at the MaRS Discovery District in downtown Toronto in mid-October.The first panel discussion, moderated by Northern Miner staff writer Richard Quarisa, focused on "Clean Mining" - looking at how far we've come over the past few decade...Read More
Attendees of The Northern Miner's Progressive Mine Forum held at the MaRS Discovery District in downtown Toronto in mid-October had the opportunity to hear the views of three sharp-minded keynote speakers on the topic of innovation. After accepting his commemorative Welsh mining lamp as The Northern Miner's Mining Person of the Year for 2017, Sean Boyd, vice-chairman and CEO of Agnico Eagle Mines...Read More
One metal is defying the general gloom of the mining markets.Its price is up more than 800% in the past two years and is now near an all-time record high.All-time is a long time for this metal. It has roots in the BC era as the material that allowed Damascus swords to be so strong and flexible.In the modern era, it was one of the ingredients that allowed Henry Ford's "Model T" to be such an early...Read More