Mining Articles

Ownership of Fairbanks-area gold mine to be transferred to foreign group

Tue Sep 04 10:16:42 2018 / Staff reporter

Pogo Mine, located just outside of Delta Junction, Alaska, is set to be operating under new ownership come October.Read full newsRead More

De Beers is selling diamonds for less and the industry isn't happy

Sep. 4, 2018, 9:41 AM / Cecilia Jamasmie

After shocking the market with a decision to start selling jewellery containing synthetic diamonds, Anglo American's De Beers is planning to let buyers refuse some lower-quality stones.The unusual move (the world's No.1 diamond miner is famous for requiring buyers to take what's offered) says lots about the state of the low-end diamond market. The last time De Beers did something similar, in fact,...Read More

RT @TrentMell: Chinese #ElectricVehicle market poised for explosive growth

Tue Sep 04 09:10:35 2018 / Trent Mell

China's electric vehicle market has seen great growth in a short period of time and will continue to grow rapidly despite Beijing's shifting subsidies, according to one expert.Read full newsRead More

RT @zerohedge: Sweden's Anti-Immigration Party Set For Record Wins As Election Days Away

Tue Sep 04 08:51:46 2018 / zerohedge

Asylum seekers are now seenRead full newsRead More

Maple Gold drills 52 m of 3.53 g/t Au at Douay

2018-09-04 08:39 / Mr. B. Matthew Hornor reports

Mr. B. Matthew Hornor reportsMAPLE GOLD SUMMARIZES 2018 DRILLING HIGHLIGHTS AFTER RECEIVING FINAL ASSAYSMaple Gold Mines Ltd. has provided a highlights summary of the 2018 drilling campaign now that all assays have been received. The 2018 winter drilling campaign included 21,122 metres of diamond drilling from 52 holes and 1,471.3 metres from 57 short top-of-bedrock reverse circulation (RC) holes...Read More

Don't forget to tip: After years of #TSX companies buying Australian assets, the Aussies are now going shopping in...

Tue Sep 04 08:17:57 2018 / Staff reporter

"Don't forget to tip: After years of #TSX companies buying Australian assets, the Aussies are now going shopping in Canada ($) | https://t.co/2yUU4ihTbZ #ASX #M&A"Read full newsRead More

South Africa's Sibanye launches $400m bond buyback

Sep. 4, 2018, 7:34 AM / Reuters

JOHANNESBURG, Sept 4 (Reuters) - South African precious metals producer Sibanye-Stillwater said on Tuesday that it was launching a tender offer worth up to $400 million to buy back some of its bonds.Sibanye, which plans to buy platinum producer Lonmin in a deal scheduled to close in the second half of the year, said the tender offer would allow it to retire around 31 percent of its long-term debt....Read More

Chaarat Gold ups Kyrgyz Republic project resource by 46 pct

Sep. 4, 2018, 5:47 AM / Cecilia Jamasmie

Chaarat Gold Holdings (LON:CGH), the company trying to buy Centerra's Kumtor mine in the Kyrgyz Republic, has increased the mineral resource for the Tulkubash oxide gold deposit at its Chaarat gold project by 46%, based on a new and simplified geologic model.The Central Asia-focused explorer and developer, which has been carrying out an intensive drill campaign at the project this year, said Tul...Read More

Tahoe's Escobal mine licence to remain suspended - Guatemalan court

Sep. 4, 2018, 4:02 AM / Cecilia Jamasmie

Precious metals miner Tahoe Resources' (TSX:THO) (NYSE:TAHO) troubles with the communities in the countries in which operates seem far from over, especially after Guatemala's highest court confirmed Monday the suspension of the company's mining licence for its Escobal silver mine.The Constitutional Court's ruling ordered the Ministry of Energy and Mines (MEM) to carry out an immediate consultati...Read More

Tahoe's Escobal mine licence to remain suspended - Guatemalan court

Sep. 4, 2018, 4:02 AM / Cecilia Jamasmie

Precious metals miner Tahoe Resources' (TSX:THO) (NYSE:TAHO) troubles with the communities in the countries in which operates seem far from over, especially after Guatemala's highest court confirmed Monday the suspension of the company's mining licence for its Escobal silver mine.The Constitutional Court's ruling ordered the Ministry of Energy and Mines (MEM) to carry out an immediate consultati...Read More

Mercedes unveils first Tesla rival in $12B attack

Sep. 4, 2018, 3:14 AM / Bloomberg News

(Bloomberg) - Mercedes-Benz, the world's largest maker of luxury cars, is rolling out its first in a series of battery-powered models, adding to a growing array of high-end brands targeting Tesla Inc.The Mercedes EQC crossover starts production in the first half of next year, part of a plan to develop its EQ electric line, Daimler AG Chief Executive Officer Dieter Zetsche told reporters in Stockh...Read More

Resistance at 1282 turns back INK Canadian Insider Index

Tue, 04/09/2018 2:30 am / Nicholas Winton

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index saw recent momentum push its price as much as 11 points higher (reaching as high as 1282.17 on an intraday basis), before strong resistance turned it back by week's end for a loss of 7.3 points and a close of 1263.60.RSI retreated 4 points to 41.9...Read More

Select Sands Announces Conclusion of Supply Agreement with Liberty Oilfield Services, LLC

September 04, 2018 01:23:20 / Staff reporter

Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company"), announces that it has received notice from Liberty Oilfield Services, LLC ("Liberty") of Liberty's intention to terminate its current frac sand supply agreement (the "Agreement") with Select Sands. It is anticipated that such termination will take effect in late November. Although it is possible that Liberty...Read More

IIoT in the Mining Industry

Sep. 4, 2018, 12:14 AM / Weir Minerals

In our digitally connected world, technology is increasingly impacting and driving most industrial sectors, including mining. Across these industries, the Industrial Internet of Things (IIoT) is growing in prominence, with an expanding array of objects communicating, exchanging data and functioning autonomously.A key development in IIoT is the use of sensors to collect large amounts of data from m...Read More

TFSA Investors: These 3 Dividend Stocks Are Beating the TSX Index in 2018

September 4, 2018 / Jason Phillips

The TSX Index (S&P/TSX Composite index), Canada's benchmark index, is up 6.7% since the beginning of 2017, but it's virtually unchanged this year - up just 1.1% since January. Needless to say, those aren't the type of returns that are going to help you become Foolishly rich, retire early, or buy that expensive Lamborghini you've always dreamed ofBut just because the market has been "missing in...Read More

Stornoway completes diamond mine ramp-up

September 4, 2018 / Resource World

Stornoway Diamond's Renard diamond mine in north-central Quebec. Source: Stornoway Diamond Corp.Stornoway Diamond Corp. [SWY-TSX; SWYDF-OTC] said Tuesday September 4 that it achieved full mine design capacity of 6,000 tonnes per day at its Renard diamond mine in Quebec for the 20-day period ended August 29, 2018.Management had previously noted with the company's second quarter 2018 release and c...Read More

Tahoe hit by mining license ruling in Guatemala

September 4, 2018 / Resource World

The Tahoe Resources Escobal silver mine in Guatemala. Source: Tahoe Resources Inc.The license is held through Tahoe's Guatemalan subsidiary Minera San Rafael.The company said it learned of the decision through a Guatemalan Constitutional Court press conference.Tahoe said it understands that the Constitutional Court's resolution orders that the Escobal mining license will remain suspended until the...Read More

Tahoe Resources stock falls more than 20% after court upholds mine suspension

September 4, 2018 / Editor

VANCOUVER - Tahoe Resources stock fell more than 20 per cent to a multi-year low on Tuesday after it announced the licence for its Escobal silver mine in Guatemala will remain suspended following a ruling by the country's constitutional court.The Vancouver-based company's stock hit an intraday low of $3.37 in the first half hour of trading Tuesday, the lowest level in five years. As of 10:30...Read More

Warren Buffett, Cash, and the Greatest Hamburger of All Time

September4, 2018 / Christian DeHaemer

Lee Iacocca was responsible for both the Ford Mustang and the Chrysler minivan, two of the bestselling automobiles outside the VW Beetle. You can get a classic Mustang under $25K because Iacocca sold millions of them.It's a laughingstock now, but when the minivan launched in 1994, it sold a record 140,773 in the first three months, outselling every passenger car on the road including the Ford Taur...Read More

Labor Day Gasoline at a Four-Year High

September4, 2018 / Luke Burgess

If you're planning on driving this Labor Day weekend, be prepared to pay more at the pump.And don't expect gas prices to come down after the holiday.AAA reports the national average price for gasoline is now about $2.84 per gallon. That's almost 17% higher than gas prices were last year. And it's the highest consumers will pay for gasoline during Labor Day weekend in four years.There are a lot of...Read More

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