Canada's Eldorado Gold (TSX:ELD)(NYSE:EGO) long-dragged issues in Greece, where the miner has been trying to advance two major gold projects for years, are about to grow as the company is asking the government for ?,?750 million (about $877m) in compensation for damages.The Vancouver-based firm said its application for payment is a non-judicial request, which does not initiate legal proceedings....Read More
Lithoquest Diamonds (TSXV: LDI; US-OTC: CWVWF) hit undiscovered kimberlite mid-year with the first hole at the company's 1804 target on its North Kimberley diamond project in Western Australia. It was the first kimberlite discovery in the area in 20 years. The company was drilling as part of its first fully fledged exploration campaign at North Kimberly. It drilled five targets during the program,...Read More
Cheap mining stocks are an investor's paradise at the moment, with some great quality Canadian assets changing hands at heavily discounted prices. I've gone through some of the best value stocks out there in terms of quality to bring you this triple-whammy of metal and mineral picks. There are some dividends on offer, some growth, and also some good diversification. Let's see which of the three st...Read More
Eldorado Gold's Skouries Project in Greece. Source: Eldorado Gold Corp.Eldorado Gold Corp. [ELD-TSX; EGO-NYSE] said Tuesday September 18 it is seeking $1.13 billion in damages arising from delays in the issuance of permits for its Skouries Project in Greece. That amount includes damages for out of pocket costs and loss of profits, the company said.Eldorado said the application is a non-judicial re...Read More
Cross-section of the Namdini gold project in Ghana showing proposed open pits. Source: Cardinal Resources Ltd.Cardinal Resources Ltd. [CDV-TSX, ASX; OTC-CRDNF] on Tuesday September 18 released the results of a Preliminary Feasibility Study (PFS) for its Namdini gold project in Ghana, West Africa.The PFS study offers confirmation that Namdini is one of Ghana and Africa's most promising undeveloped...Read More
VANCOUVER - Eldorado Gold Corp. is seeking $1.1 billion from the Greek government for damages it says it suffered due to permit delays related to its Skouries project.The company says the application is a non-judicial request for payment and does not initiate legal proceedings.Eldorado chief executive George Burns called it a "good-faith attempt" to resolve the matter with the Greek government.Th...Read More
Don't look now, but the Federal Reserve is raising interest rates.This is bad because the world is swimming in debt. The U.S. federal government is some $21 trillion in debt, and it's growing at close to a trillion a year. There is student debt, housing debt, credit card debt... but perhaps most important, there is corporate debt. In fact, it has never been as high as it is right now in terms of...Read More
A Lengthy Non-ConfirmationAs we have frequently pointed out in recent months, since beginning to rise from the lows of the sharp but brief downturn after the late January blow-off high, the US stock market is bereft of uniformity. Instead, an uncommonly lengthy non-confirmation between the the strongest indexes and the broad market has been established.The chart below illustrates the situation - i...Read More
The Edgar Experimental Mine in Idaho Springs has long been a unique underground laboratory for future engineers, providing valuable experience to those being trained to find, develop and process natural resources.Thanks to funding from the National Science Foundation, it will soon be home to cutting-edge research in underground robotics as well.A team of computer science professors from Colorado S...Read More
Commodities giant Anglo American (LON:AAL) has applied for exploration concessions to explore for base metals in Angola."We believe there is geological potential in Angola and have noted with interest the recent changes, including the release of a new Mining Code and the availability of the new country-wide geophysical data," James Wyatt-Tilby, Anglo's group head of corporate communications, conf...Read More
Sandvik (CPH: SAND) delivered its first self-driving AutoMine loaders in Chile in 2004. Now, 14 years later, it's launching the latest generation of the technology that has operated underground for more than 2 million hours without a single accident involving a human.Sandvik's most recent AutoMine loaders come with a suite of new and upgraded capabilities. Notably, the loaders can now fill their b...Read More
Corvus Gold (TSX: KOR; US-OTC: CORVF) has tabled a maiden resource estimate for its Mother Lode gold project in Nevada that incorporates all the results from its first two drill programs. It's currently part-way through a phase three drill program designed to expand the resource further.As of this estimate, the project contains 53.3 million tonnes grading 0.68 gram gold for 1.15 million oz. gold....Read More
Northern Vertex Mining Corp.'s (TSXV: NEE; US-OTC: NHVCF) open-pit heap leach Moss mine in Arizona has reached commercial production.The gold-silver mine is expected to produce an average of over 50,000 gold-equivalent ounces a year over the first four years of a ten-year mine life.The company financed the mine and completed construction in less than two years.Northern Vertex believes Moss will pr...Read More
If you have gold, you have money - If you don't have gold, you have a problem - Alisdair MacleodWith the massive net short position in both gold and silver Comex paper precious metals, offset by the historic net long position of the "commercials" (banks, mining companies, users, hedgers), numerous rumors are swirling around the precious metals market. For certain, the availability of physical gold...Read More
Have you ever seen a horseshoe crab?If you haven't spent any time living near the Atlantic coast, Gulf of Mexico, or in Asia, odds are you haven't. And quite frankly, that could be a good thing.They are ancient and downright bizarre creatures. Here is a picture of one from the top.And if you don't have a fear of spiders and aren't currently eating, feel free to search Google Images for a look from...Read More
"The Riches Beneath the Plains: Mineral Exploration and Mining in Saskatchewan is Still World Class @CanPlats https://t.co/kUlbK6PwbU"Read full newsRead More
As traders had expected with baited breath, moments ago the White House announced that it has imposed tariffs on approximately $200 billion worth of imports from China, effective September 24.Read full newsRead More
The Small Cap Hour. 3,552 likes ? 2,276 talking about this. PodcastRead full newsRead More
Shifts in Credit-Land: Repatriation Hurts Small Corporate BorrowersA recent Bloomberg article informs us that US companies with large cash hoards (such as AAPL and ORCL) were sizable players in corporate debt markets, supplying plenty of funds to borrowers in need of US dollars. Ever since US tax cuts have prompted repatriation flows, a "$300 billion-per-year hole" has been left in the market, as...Read More
CloseGain/LossGold $1200.50+$6.40Silver$14.17+$0.11XAU64.95+2.51%HUI140.57+2.25%GDM510.05+1.88%JSE Gold1029.79+23.49USD94.50-0.47Euro116.88+0.61Yen89.34+0.04Oil$68.91-$0.0810-Year2.993%UNCHT-Bond142.625+0.09375Dow26062.12-0.35%Nasdaq7895.79-1.43%S&P2888.80-0.56% The Metals: Gold jumped $10.40 to $1204.80 by late morning in New York before it drifted back lower into the close, but it still...Read More