The company is making fast progress on its expansion into automotive and wants to start manufacturing ASAP.Read full newsRead More
Barrick Gold Corp. favors taking back control of its separately listed Tanzanian assets after completing its takeover of Africa-focused rival Randgold Resources Ltd., according to people familiar with the situation.Barrick spun off those assets in 2010 into a company now called Acacia Mining Plc. That unit - listed in London but majority owned by Barrick - has been dogged by operational setbacks...Read More
Dyson Ltd., famous for making vacuum cleaners, picked Singapore to manufacture its first electric car, pushing ahead with plans to challenge Tesla Inc. in the hottest sector of the automotive market.The closely held British manufacturer, also known for hand dryers and air purifiers, said Tuesday it will complete the factory by 2020 and stuck to a goal of rolling out its first model by 2021 as part...Read More
Anglo American Plc will dig more platinum than expected this year, while diamond production from its De Beers business will be at the top end of its guidance range.The century-old mining company released its production results for the third-quarter Tuesday. While there were no major surprises, there was also no new information on its suspended Minas Rio iron ore mine in Brazil that's scheduled to...Read More
German newspaper Bild am Sonntag has reported that Audi has hit a snag in its battery supply chain. LG Chem is looking to increase the price of its batteries 10% due to high demand for its automotive batteriesRead full newsRead More
Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP. L53-DD1 THAILAND OIL DISCOVERYPan Orient Energy Corp.'s L53-DD1 exploration well has encountered an interpreted and combined 26 metres of net oil pay within three separate sandstone reservoirs between a true vertical depth of 960 metres to 1,125 metres. This interpretation was based on conventional open-hole wireline logs and hydrocarbon indication...Read More
South Korea's top steelmaker POSCO posted its highest quarterly profit since 2011 and said it expected sales revenue for all of 2018 to be lifted by higher steel prices.The world's fifth-largest steelmaker raised its revenue outlook for the full-year to 64.8 trillion won ($57.0 billion) from its previous forecast of 64.1 trillion won in July, POSCO said in its filing on Tuesday.POSCO's revenue in...Read More
China's alumina exports in September surged more than fivefold from August to 165,839 tonnes, according to customs data released on Tuesday, the highest monthly volume this year.Last month's exports rose from 29,722 tonnes in August and were up more than 3,400 percent from a year earlier.China, the world's largest aluminium maker, rarely exports large volumes of alumina, a raw material for making...Read More
Swedish engineering firm Sandvik reported quarterly core earnings marginally ahead of market expectations on Tuesday and said order intake had improved significantly across all business areas.Third-quarter adjusted operating earnings at the maker of metal-cutting tools and mining gear rose to 4.59 billion Swedish crowns ($510 million) from 3.34 billion crowns a year ago, beating a 4.52 billion cro...Read More
Mr. Darrell Rader reportsMINAURUM SAMPLES UP TO 1205 G/T SILVER AND 3.2% COPPER ON NEWLY DISCOVERED EUROPA SUR VEIN EXTENSIONMinaurum Gold Inc. has acquired the 311-hectare Claraboya concession located in the western part of its 100-per-cent-owned Alamos silver project in Sonora, Mexico.Claraboya hosts the newly discovered southern extension of the Europa-Guadalupe vein system named "Europa Sur" a...Read More
Arianne Phosphate Inc. has been halted at 5:23 a.m. PT on Oct. 23, 2018, at the company's request, pending news.© 2018 Canjex Publishing Ltd. All rights reserved.Read More
Worries about trade wars, Brexit, Italy's budget, China's economy and Saudi Arabia all blamed as shares declineRead full newsRead More
Shares in Caterpillar (NYSE: CAT), the world's no.1 heavy machinery maker, fell more than 7% in pre-market trading Tuesday, despite the company beating earnings estimates for the tenth time in a row.The stock lost as much as $9.76 by 8:48 a.m. EST, dropping to $118.95, after closing at $128.71 on Monday, the lowest so far this year. The drop followed the mining and construction equipment manufact...Read More
$200 million revolving line of credit is undrawn at quarter endCompany Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today announced certain preliminary results ? for the third quarter of 2018.HIGHLIGHTSSilver production of 2.5 million ounces, and gold production of 72,995 ounces.Silver equivalent production of 10.9 million ounces or gold...Read More
Canada's IAMGOLD Corp. (TSX IMG), (NYSE: IAG) plans to apply for a mining concession before year-end after releasing a robust feasibility study for its near-2 million ounce Boto gold exploration project in Senegal.President and CEO Steve Letwin said while a final investment decision on the $254-million project was yet to be made, Boto represented a "high-value" one, which would add to the company'...Read More
"In 35 years of observing charts, I'll share this deduction. Markets either repeat or do exact opposite. LEAST VELOCITY=same thing/repeat. GREATEST VELOCITY=EXACT OPPOSITE when the turn comes=MIRRORS (not exact)While there are NO ABSOLUTES - odds favor GDX heading to # 4 on chart"Read full newsRead More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), is pleased to announce that it has signed a distribution agreement with Allcan Distributors ("Allcan") in preparation for the launch of the Uniden (R) UV350 in-vehicle 4G/LTE device in Canada.Allcan's distribution reach is a key component to Siyata's strategy as they distribute through channels for...Read More
Drilling at Nighthawk Gold's (TSX: NHK; US-OTC: MIMZF) Treasure Island project, about 11 km to the north of its Colomac project in the Northwest Territories, has served up significant, shallow high-grade mineralization.The company was following up on a number of shallow high-grade gold intersections it had reported in 2011, and in the process has found new near-surface discoveries including a numb...Read More
When you are looking for Canadian energy and mining stocks to buy and hold, there are a few things to keep in mind, especially if you are new to trading shares. One of the first things that you need to look for if you want to hold a stock for the mid to long term is value: some folk like to use the P/E ratio almost exclusively, though this does not always tell the whole story with a stock's valuat...Read More
Silver continues to wallow at under US$15 per an ounce, while the gold-to-silver ratio has risen to a multi-decade high triggering considerable speculation that a long-awaited rally is on the way. This has sparked calls among silverbugs for investors to bolster their exposure to the white metal.While there are signs that silver will remain stagnant for the foreseeable future, it shouldn't deter in...Read More