MANILA - Philippine copper and gold producer Philex Mining Corp on Friday said the start of output at its Silangan mine in the south of the country would be delayed by four years until 2022, hit by a national ban on new open-pit mining.The Silangan copper and gold mine could be Philex's biggest source of revenue after its 61-year-old Padcal mine in the north is expected to close in 2022.Silangan w...Read More
Canadian miner Hudbay Minerals (TSX, NYSE: HBM) scored a big win this week after the U.S. Forest Service approved the company's mine plan of operations (MPO) for its $1.9 billion Rosemont copper project in Arizona."Rosemont is now a fully permitted, shovel-ready copper project and we look forward to developing this world-class asset," president and chief executive Alan Hair said in a statement.T...Read More
Canadian miner Hudbay Minerals (TSX, NYSE: HBM) scored a big win this week after the U.S. Forest Service approved the company's mine plan of operations (MPO) for its $1.9 billion Rosemont copper project in Arizona."Rosemont is now a fully permitted, shovel-ready copper project and we look forward to developing this world-class asset," president and chief executive Alan Hair said in a statement.T...Read More
It's not a great time to be a coal miner, but there's never been a better time for their shareholders.U.S. coal companies returned almost $3.7 billion in dividends and buybacks to shareholders in the 12 months through September, and S&P Global Ratings expects more of the same this year. That's boosting yields to unheard-of levels, in some cases to about nine times that of 10-year treasuries.Strong...Read More
The Mackenzie Valley Land and Water Board issued a Type B water license approving TerraX Minerals' (TSXV: TXR) broad exploration plan for its Yellowknife City gold project, located in Canada's Northwest Territories.According to TerraX, the Water License, which is effective for seven years until March 6, 2026, enhances the new Land Use Permit that the company obtained last February. The permit cove...Read More
Exploration and development company Bacanora Lithium (LON:BCN) is expanding its footprint in Germany after securing another five-year exploration licence this week in the Erzgebirge (meaning Ore Mountain) region of Saxony, Germany.The company's 50%-owned subsidiary Deutsche Lithium will conduct exploration on the Altenberg Licence, which covers around 42 square km.The new licence completely enc...Read More
The United States slapped sanctions Tuesday on a Venezuelan state mining company, charging that its illicit gold operations were being used to prop up President Nicolas Maduro and his inner circle. The action was taken against CVG Compania General de Mineria de Venezuela CA, or Minerven, and its president Adrian Antonio Perdomo Mata, the US Treasury Department said. Treasury Secretary Steven Mnuch...Read More
The United States slapped sanctions Tuesday on a Venezuelan state mining company, charging that its illicit gold operations were being used to prop up President Nicolas Maduro and his inner circle. The action was taken against CVG Compania General de Mineria de Venezuela CA, or Minerven, and its president Adrian Antonio Perdomo Mata, the US Treasury Department said. Treasury Secretary Steven Mnuch...Read More
ENDEAVOUR ACHIEVES FIRST GOLD POUR AT ITY CIL PROJECT 4 MONTHS AHEAD OF SCHEDULE View News Release in PDF HIGHLIGHTS Over 8.5 million man-hours have been worked without a lost time injury The ...Read full newsRead More
This week’s dovish Federal Reserve statement gave gold a boost and in the aftermath, analysts have been talking up the prospect of a real change in fortunes for junior gold stocks. John Kaiser, of Kaiser Research, said that following a “pretty lame start to 2019” for junior mining stocks an upturn could finally be on the way. Junior gold mining companies in particular co...Read More
Defense Metals (TSV-V: DEFN) / (OTCQB: DFMTF) is a great name. The Company is defending against Chinese dominance of Rare Earth Elements ("REEs"), and Defense Departments require select REEs to defend their countries! Several REEs are very difficult or impossible to replace in critical applications, yet enable products essential to modern civilization. Any company outside of China that can reliab...Read More
Industrial stocks have long held a reputation for cash intensity. While it’s true that many industrial stocks have annual capital expenditure budgets of $1 billion or more, that doesn’t mean there isn’t money to be made.There are bargains to be had, especially on the lower end of the market. The following list includes low-priced shares with substantial upside in 2019 and beyond....Read More
In October, Hudbay Minerals (TSX:HBM)(NYSE:HBM) stock traded at just $4.72 per share. This week, the stock surpassed $9 apiece.Still, shares trade at a steep discount to their all-time highs of $28.Why is Hudbay stock up nearly 100%? Is the company finally ready to deliver long-term gains to shareholders?A troubled historyLong term, Hudbay has a terrible track record. In 2003, shares stood around...Read More
Software, metals and mining, and pharmaceuticals may seem like obvious choices for high growth, but what's wrong with obvious choices? Without trying to reinvent the wheel, here is a high-growth mini-portfolio of three outperforming stocks, complete with data for individual stocks as well as its total long-range returns.Descartes Systems Group (TSX:DSG)(NASDAQ:DSGX)Up since the start of the year,...Read More
Trading on AIM under the new ticker, ARK, started on March 22. All new share certificates issued for ordinary shares will reflect the new name, although existing share certificates with the old name will remain valid. The company has also changed its Twitter handle and website address to reflect its new name. The name 'Arkle' was taken from the Irish race horse who...Read More
Excellon's La Platosa silver mine in Durango, north-central Mexico. Source: Excellon Resources Inc.Excellon Resources Inc. [EXN-TSX; EXLLF-OTC] has revealed that a portion of the concentrates produced at its Miguel Auza processing facility in Mexico was recently stolen while in transit to the port of Manzanillo, Mexico.Details of the alleged theft are reported in a March 21, 2019 news release co...Read More
The Ularring Hematite Project located 450 km east-northeast of Perth, Western Australia. Source: Macarthur Minerals Ltd.Macarthur Minerals Ltd. [MMS-TSXV; MMSDF-OTCQB] shares rallied sharply Friday March 22 after the company moved to clarify certain statements contained in a March 21, 2019 release entitled Macarthur Minerals Signs 10-year iron ore off-take agreement for the Lake Giles Iron Project...Read More
The Turquoise Ridge Mine in Nevada, owned as to Barrick 75%/Newmont 25%. Source: Barrick Gold Corp.Paulson & Co. Inc., a substantial shareholder in Newmont Mining Corp. [NEM-NYSE], said it will not support the U.S. gold mining giant's proposed US$10 billion acquisition of Goldcorp Inc. [G-TSX; GG-NYSE] in its current form.However, Paulson said it would back a revised deal where Goldcorp shareh...Read More
The U.S. natural gas pipeline system is simultaneously one of America's most impressive and despised feats of engineering.The Energy Information Administration says there are about 3 million miles of mainline and other pipelines in the U.S. that connect producers to consumers.In 2017, the EIA says the network moved a whopping 25 trillion cubic feet of natural gas to 75 million customers.The Americ...Read More
Canada Rare Earth Corp. (TSX.V: LL) is generating revenues and gross profits as it develops an integrated, international commodity supply chain business based on the rare earth industry and with increasing attention directed to valuable by-products. The business involves sourcing, adding value and selling rare earths and other mineral products in all stages and forms utilizing proprietary, affilia...Read More