Runruno mine manager looking at new Nomad and US$44M debt due at the end of MarchRead full newsRead More
RUSTENBURG - South Africa's labour court has rejected a request by the Association of Mineworkers and Construction Union (AMCU) to hold an industry-wide strike covering the platinum and gold sectors, Anglogold Ashanti, Anglo American Platinum and Lonmin said on Friday.AMCU has been on strike at Sibanye-Stillwater's gold operations since mid-November in a pay dispute. It wanted to extend the strike...Read More
Newmont Mining (NYSE:NEM) announced Friday that the $245-milion power station project for its Tanami gold mine in northern Australia had been completed.The world's No.2 gold and copper producer, which has fully owned and operated the mine since 2002, said the project included the installation of two power stations, a 66 kV interconnected power line, and a 450 km natural gas pipeline.Newm...Read More
Australia's Lucapa Diamond (ASX:LOM) has recovered an 83.9 carat diamond from its recently commissioned Mothae mine in Lesotho, Africa.The stone is the fourth diamond over 50 carats the company has recovered to date at its 70%-owned Mothae operation.While the find was not gem-quality, Lucapa says it continues to underline the large-stone nature of the kimberlite resource.Commercial production at...Read More
Australia's Lucapa Diamond (ASX:LOM) has recovered an 83.9 carat diamond from its recently commissioned Mothae mine in Lesotho, Africa.The stone is the fourth diamond over 50 carats the company has recovered to date at its 70%-owned Mothae operation.While the find was not gem-quality, Lucapa says it continues to underline the large-stone nature of the kimberlite resource.Commercial production at...Read More
Black Iron (TSX: BKI) announced this week that Ukraine's Ministry of Defence has developed a plan to transfer to another area the parcel of land originally sought by the company as the location of a processing plant, tailings and waste rock for its Shymanivske iron ore project.In a press release, the Toronto-based company said the parcel of land proposed by state officials in September 2018 was de...Read More
Canada's Warrior Gold (TSX-V: WAR) started a drilling campaign this week at its Goodfish Kirana project in Kirkland Lake, Ontario.The property is located approximately 6 kilometres north of the Cadillac Larder Lake Fault Zone in Kirkland Lake and, according to Warrior, hosts numerous gold showings, pits, shafts and several historical underground workings.The exploration program in progress involve...Read More
Anglo American Platinum Ltd. is giving hundreds of hectares of land to communities living in a South African area that's rich with the ore as the nation's ruling party seeks to introduce laws that make it easier to expropriate land without paying for it.The world's top platinum supplier is handing over 270 hectares (667 acres) of land to people living in Rustenburg, about 140 kilometers (86 miles)...Read More
Poland's Supreme Audit Office (NIK) has lambasted state-controlled miner KGHM (WSE:KGH) for buying the Sierra Gorda copper mine in northern Chile, saying that company has spent more than PLN 19.6 billion (about $5.2 billion) managing the operation and the ore processing plant over the last three years.The Office, which looks into the way the Polish state operates and how it spends public funds, sa...Read More
In my latest Howe Street interview with Jim Goddard I assess the likelihood that we are heading into a recession. While we may not be there yet, I explain that insider sentiment in the US Industrials sector is flashing a warning sign.I also highlight how we have relatively bleak outlooks on Canada's two major railway stocks, noting insider selling has been taking place even as the companies have...Read More
"$BDSI - BioDelivery Sciences International, Inc. (BDSI) CEO Herm Cukier on Q4 2018 Results - Earnings Call Transcript https://t.co/HtJVJyhev7"Read full newsRead More
Gary Goldberg tells Barron's that he's glad to have the partnership in the works and feels optimistic about the coming vote on its Goldcorp deal.Read full newsRead More
Canada is in danger of losing its global dominance in mining, despite recent government initiatives to improve competitiveness, according to a report from an industry association.Read full newsRead More
An elevated level of corporate debt, along with the high level of U.S. government debt, is likely to mean that the U.S. economy is much more interest rate sensitive than it has been historically. - Robert Kaplan, President of the Dallas FedFed officials always understate risks embedded in the system. Translated, the statement above implies the Fed is worried about the amount of debt accumulated in...Read More
A drill program last year to validate historic resources at Reunion Gold's (TSXV: RGD) Nivre deposit in French Guiana has resulted in a 43-101 resource that is similar to its counterpart reported in 1998.The Nivre deposit contains 18.9 million indicated tonnes grading 1.09 grams gold per tonne for 665,000 oz. gold and 26 million inferred tonnes grading 1.06 grams gold for 883,000 oz. gold.The mine...Read More
It’s hard to get away from the big gold mining companies when it comes to mining news of late, and headline figures such as the $4.7bn in synergies that Barrick and Newmont will gain from their new joint venture in Nevada are hard to beat. The deal, for those who missed it, means Barrick’s $18bn hostile bid for Newmont is off the table and Newmont’s $10bn merger with Gol...Read More
Uranium Participation Corp (TSX:U) is an incredibly straightforward company. It’s also one of the only ways you can gain direct exposure to the price of uranium.The company’s mission is simple: invest nearly all of its assets in uranium. The firm’s primary investment objective is to achieve “appreciation in the value of its uranium holdings through increases in the uranium...Read More
A Toronto-Dominion Bank Securities report recently forecast that the Bank of Canada would keep the benchmark rate on hold until late 2020. Stepping in line with many oddsmakers, the forecast suggests that a rate cut is the more likely move in 2019 due to soft economic data. Earlier this week I'd discussed how much pressure the moderate credit crunch was putting on consumers.If this forecast turns...Read More
Teck Resources (TSX:TECK.B)(NYSE:TECK) has long been known as a coal company — a resource so volatile and controversial that many investors believe it could ultimately drive the company to financial ruin. Last year, I addressed whether Teck Resources could go completely bust.However, peering under the hood, Teck Resources’s management team has been positioning the company for success...Read More
Metals Ex revealed last month previous management had wildly overstated the recoveries at the Runruno gold mine in the Philippines. At the start of 2019, Darren Bowden came in as the new CEO, replacing Ian Holzberger.The company has remained in financial peril since the change. There is now US$44 million due at the end of March, although the company has asked lenders HSBC...Read More