Mining Articles

A gold mine is buried 'under the weeds' at Amazon - here's why it could take the company beyond the $1 trillion mar...

Fri Aug 31 10:57:41 2018 / Staff reporter

"A gold mine is buried 'under the weeds' at Amazon - here's why it could take the company beyond the $1 trillion mark https://t.co/uJqTeoSr96"Read full newsRead More

Guyana Goldstrike Sampling and Mapping of Trench TTR-18-10 Extended to 114 Metres at Toucan Ridge Area, Marudi Gold...

Fri Aug 31 10:57:40 2018 / Staff reporter

"Guyana Goldstrike Sampling and Mapping of Trench TTR-18-10 Extended to 114 Metres at Toucan Ridge Area, Marudi Gold Project, Guyana https://t.co/h7rxPcAthq"Read full newsRead More

Northern Star Resources (NHRNY) Acquisition Of 4.1Moz Pogo Underground Gold Mine And Equity Capital Raising - Slide...

Fri Aug 31 10:57:39 2018 / Staff reporter

"Northern Star Resources (NHRNY) Acquisition Of 4.1Moz Pogo Underground Gold Mine And Equity Capital Raising - Slideshow https://t.co/3rDvL6PPTn"Read full newsRead More

There's a college soccer gold mine at NKU you should know about

Fri Aug 31 10:57:38 2018 / Staff reporter

By his own admission, Stu Riddle is well aware he's sitting atop an NCAA Division I soccer gold mine at Northern Kentucky University.Read full newsRead More

Desktop GPU sales normalize as crypto-mining gold rush ends, report says

Fri Aug 31 10:57:38 2018 / Staff reporter

Knock on wood.Read full newsRead More

Tahoe halts operations at its La Arena gold mine in Peru after protest

Aug. 31, 2018, 10:37 AM / Cecilia Jamasmie

Precious metals miner Tahoe Resources (TSX:THO)(NYSE:TAHO) had to temporarily halt operations at its La Arena gold mine in Peru following the trespassing of about 100 protesters demanding compensation for alleged environmental impacts of the operation.The illegal action by the group, from a nearby community located about three km southwest of the mine, follows recent meetings between Tahoe and s...Read More

Tahoe halts operations at its La Arena gold mine in Peru after protest

Aug. 31, 2018, 10:37 AM / Cecilia Jamasmie

Precious metals miner Tahoe Resources (TSX:THO)(NYSE:TAHO) had to temporarily halt operations at its La Arena gold mine in Peru following the trespassing of about 100 protesters demanding compensation for alleged environmental impacts of the operation.The illegal action by the group, from a nearby community located about three km southwest of the mine, follows recent meetings between Tahoe and s...Read More

Top Sibanye holders are said to indicate support for Lonmin deal

Aug. 31, 2018, 10:21 AM / Bloomberg News

(Bloomberg) - Three of Sibanye Gold Ltd.'s largest investors, controlling more than a third of its shares, have indicated they will vote in favor of its planned takeover of Lonmin Plc, according to people familiar with the matter.Gold One Group, Sibanye's largest investor with about 19 percent, and South Africa's Public Investment Corp. both told the companies they will support the all-share deal...Read More

Australian gold miner Northern Star Resources to buy Alaskan gold mine for $260 mln

Fri Aug 31 10:05:07 2018 / Staff reporter

Australia's Northern Star Resources Ltd said on Thursday it will acquire an underground gold mine in the United States for $260 million from Sumitomo Metal Mining Co and Sumitomo Corp.Read full newsRead More

Novo Resources finalizes transaction with Creasy

2018-08-31 09:39 / Mr.Quinton Hennigh reports

Mr.Quinton Hennigh reportsNOVO FINALIZES TRANSACTION WITH CREASY GROUPNovo Resources Corp. has finalized the outstanding components of a transaction with Mark Gareth Creasy and entities controlled by him (collectively, the Creasy group).As a result, Novo now has:Four joint ventures with the Creasy group under which it has earned a 70-per-cent interest in the gold rights (gold and minerals associa...Read More

Zimplats FY profit tumbles after higher deferred tax charge

Aug. 31, 2018, 9:37 AM / Reuters

HARARE, Aug 31 (Reuters) - Zimbabwe's largest platinum miner Zimplats on Friday reported a 94 percent drop in after-tax profit to $2.6 million after incurring a higher deferred tax charge.Zimplats, majority owned by Impala Platinum, said revenue rose to $583 million from $513 million in the year to June. Cash from operations was up nearly four-fold at $195 million.But the company had to pay $98 mi...Read More

Dalradian shareholders back Orion Mine's $230m takeover bid

Aug. 31, 2018, 8:12 AM / Cecilia Jamasmie

Shareholders in dual-listed Canadian miner Dalradian Resources (TSX:DNA) (LON:DALR), which is developing a large untapped gold deposit in a remote part of Northern Ireland, approved Friday the sale of the company to New York-based private equity group Orion Mine Finance.The deal, proposed two months ago, values Dalradian at Cdn$537 million (roughly $230 million) - a 62% premium to the explorer's...Read More

Dalradian shareholders back Orion Mine's $230m takeover bid

Aug. 31, 2018, 8:12 AM / Cecilia Jamasmie

Shareholders in dual-listed Canadian miner Dalradian Resources (TSX:DNA) (LON:DALR), which is developing a large untapped gold deposit in a remote part of Northern Ireland, approved Friday the sale of the company to New York-based private equity group Orion Mine Finance.The deal, proposed two months ago, values Dalradian at Cdn$537 million (roughly $230 million) - a 62% premium to the explorer's...Read More

China's Zijin wins race for Serbia's largest copper mine

Aug. 31, 2018, 4:05 AM / Cecilia Jamasmie

Serbia has picked a Zijin Mining, China's largest gold miner and one of the country's top copper producers, to take over its debt-hit copper mining and smelting complex RTB Bor, Minister of Mines and Energy Aleksandar Antic said on Friday.The $1.26 billion-deal, which gives Zijin a 63% stake in the asset, marks the latest expansion of Beijing's economic footprint in the Balkan region.China view...Read More

China's Zijin wins race for Serbia's largest copper mine

Aug. 31, 2018, 4:05 AM / Cecilia Jamasmie

Serbia has picked a Zijin Mining, China's largest gold miner and one of the country's top copper producers, to take over its debt-hit copper mining and smelting complex RTB Bor, Minister of Mines and Energy Aleksandar Antic said on Friday.The $1.26 billion-deal, which gives Zijin a 63% stake in the asset, marks the latest expansion of Beijing's economic footprint in the Balkan region.China view...Read More

One has to wonder if the control boyz are getting ready to hand Trump a Sept/October scare in the stock market? H...

Fri Aug 31 00:02:10 2018 / Staff reporter

"One has to wonder if the control boyz are getting ready to hand Trump a Sept/October scare in the stock market? Historically speaking, it's the most likely time. https://t.co/WdopXf8zkw"Read full newsRead More

Silver Miners' Q2'18 Fundamentals

Aug 31, 2018 / Adam Hamilton

The major silver miners' stocks have been thrashed, pummeled to brutal multi-year lows. They suffered serious collateral damage as silver plunged on gold's breakdown, driven by crazy-extreme all-time-record silver-futures short selling. All this technical carnage left investors reeling, devastating sentiment. The silver miners' recently-reported Q2'18 results reveal whether their anomalous plunge...Read More

Hedge Your Portfolio Against Uncertainty With These 3 Stocks

August 31, 2018 / Kris Knutson

Rising inflation, trade tensions, and currency uncertainties are all spelling trouble for the future of fiat currencies. In the longer term, gold seems to be in a compelling position if things really go badly. The fact that the current U.S. bull market is more than a decade old also makes conservative investors feel nervous. If things turn negative, it is highly likely that gold, the traditional s...Read More

Allegiant sees large gold system at Nevada project

August 31, 2018 / Resource World

Drilling at Allegiant Gold's Eastside gold project near Tonopah, Nevada. Source: Allegiant Gold Ltd.Allegiant Gold Ltd. [AUAU-TSXV] on Friday announced results from the remaining 13 drill holes that form part of a phase 1 resource expansion program at Allegiant's 100%-owned Eastside gold project, located 32 kilometres west of Tonopah, Nevada.The company said the phase one program, comprised of 8,2...Read More

What now for the Trans Mountain Pipeline?

August 31, 2018 / Resource World

Kinder Morgan's Trans Mountain Expansion Project. Source: Kinder Morgan.The Canadian government is two options after the Federal Court of Appeal on Thursday quashed the approval of the $7.4 billion Trans Mountain Pipeline expansion on the basis that Canada's efforts to meaningfully consult with indigenous people fell short.Soon after the Appeal Court's ruling was announced on Thursday, shareholder...Read More

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