Ontario's government is working for the people by supporting tourism in the Thunder Bay region with an investment in six projects, creating 18 new full- and part-time jobs.Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced an investment of more than $1 million. Projects include: $456,000 for SailSuperior.com Yacht Charter Adventures, a harbour tour operator in Thu...Read More
Yet another foreign miner in the Democratic Republic of Congo is reviewing its future production plans after the government increased taxes and removed investor safeguards despite industry protests.MMG Ltd., the Chinese-owned copper producer, is considering whether to invest in more expensive methods of mining the metal when existing oxide resources are depleted. It's grappling with the same quand...Read More
Saudi Arabian Mining Co. wants to more than double gold output within five years.Maaden, as the state-backed company is known, plans to boost gold output from about 415,000 ounces this year to one million by 2025, Chief Executive Officer Darren Davis said in an interview. That would catapult the oil-rich kingdom from a marginal gold producer to one of the world's top-20 suppliers.Maaden will boost...Read More
"Nexus Gold CEO Alex Klenman: Significant Mining Potential in Burkina Faso. View the entire interview at https://t.co/bABrWlppvd @NexusGoldCorp #gold #BurkinaFaso #investing https://t.co/gcdiNmhesc"Read full newsRead More
The United States Patent and Trade Mark Office has issued a patent for American Manganese's (TSX.V: AMY) lithium-ion battery cathode material recycling technology.In a press release, the British Columbia-based company indicated that the granting of the patent constitutes a milestone as it provides legal protection of its flagship technology."It is extremely exciting to have the opportunity to pot...Read More
About 200 people recently took part in the International Collegiate Mining Competition, held in Virginia City, Nevada.Bryn Llewellyn, from Camborne School of Mines at the University of Exeter, hand steeling. Photo by Max Willcock.For the 41st year in a row, the three-day event gathered students from mining schools from around the world who formed 18 teams in the men's category and eight teams in t...Read More
Eight men suffocated in an unauthorised gold mine in Peru after a tunnel they dug began spewing noxious fumes, local media reported. Rough cut - no reporter narration.Read full newsRead More
ISIS has claimed it kidnapped and killed a Canadian geologist in Burkina Faso three months ago, according to the latest issue of the propaganda newsletter Al-Naba, circulated last week.Halifax, Nova Scotia-based Kirk Woodman, vice-president of exploration for private gold explorer Progress Minerals, was found dead on Jan. 16 in rural Burkina Faso, after having been abducted a day earlier.Propagan...Read More
Eight men suffocated in an unauthorized gold mine in Peru after a tunnel they du...Read full newsRead More
Eight men suffocated in an unauthorised gold mine in Peru after a tunnel they dug began spewing noxious fumes, local media reported. Rough cut - no reporter narration.Read full newsRead More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") is pleased to announce that it has completed integration of its Venzee Mesh API content distribution platform with one of its five previously announced Product Information Management (PIM) channel partners and has commenced onboarding manufacturers and distributors of the channel partner.This well-established P...Read More
[Editor’s note: This story was previously published in May 2018. It has since been updated and republished.]Do you think penny stocks are best left to amateur traders who don’t understand that cheap stocks are cheap for a reason? It’s not an entirely unfair assessment. Many of these young (and doomed) companies are the beneficiaries of great sales pitches, but their investors oft...Read More
Since exploration began in August 2017 at its Soledad copper-gold-silver project in Peru, Chakana Copper (TSXV: PERU; US-OTC: CHKKF) has drilled four of 17 confirmed breccia pipes, pinpointed another 12 targets, and tripled its land position in the district to 31 square kilometres.The company drilled 25,200 metres in 94 holes in its first round of exploration at the project, 260 km northwest of Li...Read More
Stop me if you've heard this before. Precious Metals disappointed again.The miners were leading the metals but the metals broke down from bear flag patterns and that took the miners lower, suggesting an interim top is in place.The technicals suggest weakness could be ahead for the sector but the fundamentals are finally turning bullish.Before we get to fundamentals, let's look at the technicals. T...Read More
Saving for retirement with a well-diversified RRSP portfolio will enable your financial goals to come to life under different economic scenarios, as the benefits of diversification work their magic.One sector that is a safe, diversifying anchor in a portfolio is the gold sector.The U.S. dollar is strongly correlated to movements in gold prices. As the U.S. dollar rises, the price of gold falls, as...Read More
The following three TSX index energy stocks have questionable value at the moment from market ratios that are slightly too high to a lack of data that makes inherent value hard to analyze. However, from uranium to big-name utilities, these stocks are worth holding in a portfolio based on other aspects of their data, from strong track records to positive outlooks.Cameco (TSX:CCO)(NYSE:CCJ)This uran...Read More
The stock market has been rising relentlessly since Christmas, riding on a crest of increasingly bearish economic reports. Maybe the hedge fund algos are anticipating that the Fed will soon start cutting rates. Data indicates foreigners and retail investors are pulling cash from U.S. stocks. This for me implies that the market is being pushed higher by hedge fund computer algos reacting to any bul...Read More
He decided his best recourse would be to wind down its activities and return the funds under management to its investors.Read More
However RBC analyst Tyler Broda noted Vale's ability to draw down on stockpiles and tipped the Brazil-based miner would ship more tonnes into the seaborne market this year than in 2018, also pointing to the iron ore price easing. The benchmark 62% fines iron ore price is returning towards a record high due to recently-announced supply constraints, rising above US$90/t again yesterday to $90.1...Read More
Kirk WoodmanThe Islamic State in Iraq and Syria (ISIS) claims to have kidnapped and killed Canadian geologist Kirk Woodman while he was working in Burkina Faso, West Africa, according to published reports.Woodman's body was found on January 16, 2019, two days after his abduction by a dozen gunmen at a mining site operated by privately owned Vancouver company Progress Minerals.A report by Reuters n...Read More