Australia's Northern Star Resources (ASX:NST) is expanding overseas by acquiring Sumitomo Metal Mining Co and Sumitomo Corp's Pogo underground gold mine in Alaska for $260 million.Pogo, located southeast of Fairbanks city, is currently the eight largest gold mine in the US. It has produced 3.8 million ounces of gold over the past 12 years at an average mine grade of 13.6 grams per tonne.Pogo, lo...Read More
"Monday we gave daily resistance at 1210-1212 & Tuesday said Outside Reversal Pattern on Daily chart.Since the low, pattern choppy & overlapping.While there are no absolutes, only odds, its usually BEARISH.Close below Pivot (2 HRS) & test 1197-1202.Failure there & 1182."Read full newsRead More
"@simos_chris @PMSInvestor @EconguyRosie Those numbers are very close to what I'm looking at as far as direction in Sept. At least for the moment."Read full newsRead More
Mining stocks have never been out of fashion for long, and in today's economy they make a lot of sense. Expensive consumables from phones to electric cars are heavily reliant on metals and mined minerals, as these items become increasingly essential to our lives. The stocks such as the two listed below are going to become more and more desirable.While cobalt and lithium have been obvious choices f...Read More
Emerging market chaos is now front page news. Let's start with Argentina, where the peso has resumed its plunge:In response: Argentina Central Bank hikes interest rate to 60 percent(AP) - Argentina’s Central Bank has increased its benchmark interest rate to 60 percent in efforts to halt a sharp slide in the value of the peso.The sliding value of the currency prompted Argentina to seek a fina...Read More
"When it starts to happen, I think it could happen a lot more quickly than people realize." The rest of the world is methodically "weaning" itself off its dependence on the U.S. dollar. Perhaps the latest EM collapse will accelerate this reset. At the same time, the U.S. Government is on track to issue a record amount of Treasury bonds to fund its rapidly expanding spending deficit. Who is going t...Read More
Let's say it again, bull markets do not end due to overvaluation. They generally end with interest rates rising, often with a decline in the money supply or recession. But again dangerous market tops are usually accompanied by overvaluation and euphoria. Are we seeing overvaluation now? We think so. We see high risk in many popular and highly recommended stocks. Opportunities for ca...Read More
Aztec CEO Joey Wilkins checking rock samples on the Tombstone property in Arizona.When Arizona Mining Inc. [AZ-TSX] outlined 100 million tonnes of 10.4% zinc equivalent in a measured and indicated resource at its Taylor zone discovery in Arizona, it raised some eyebrows in a state that has traditionally been known for copper deposits."Who would have thought that one of the world's largest zinc dep...Read More
Anthony Milewski, Chairman and CEO of Cobalt 27 Capital, at the company's cobalt warehouse in Rotterdam, the Netherlands. Photo courtesy Cobalt 27 Capital Corp.Cobalt 27 Capital Corp. [KBLT-TSXV, 270-FSE] was among the victims in a warehouse heist in Rotterdam, Holland last month.According to a report by Bloomberg news service, which was also posted by Scotiabank, thieves stole more than $10 milli...Read More
The Detour Lake Mine in northern Ontario. Source: Detour Gold Corp.Detour Gold Corp. (TSX: DGC), a company that has been under pressure from an activist investor to make changes at the board level on Thursday announced a raft of changes to its board of directors.The company said Alan Edwards, James Gowans, and Judy Kirk have joined the board of directors. Ingrid Hibbard and Robert Doyle have stepp...Read More
Note: Core length intercepts reported are 50 to 90% of true thickness.Timothy Froude, P. Geo., President and CEO, states: "Results from Phase 1 have surpassed our expectations and have given us great cause to be optimistic about the future. The recent financing has provided us with the opportunity to thoroughly evaluate the Moosehead property and to unlock its full potential. Like many structura...Read More
There's a terrible quote that often comes to my mind.It goes, "Thirty years from now there will be a huge amount of oil - and no buyers. Oil will be left in the ground."No buyers, huh?These words came from an interview with a former Saudi oil minister in 2000. Sheikh Ahmed Zaki Yamani might've been on to something. His thinking was that new discoveries, new technology, and strong E&P activity will...Read More
Introductory Remarks: The "Anti-Politician" Godfrey Bloom, by PTMost of our readers will probably remember former UKIP chief whip and European Parliament representative Godfrey Bloom. As far as we know, he is the only politician who ever raised the issue of the workings of the fractionally reserved central bank-directed monetary system in the EU parliament. This system is of course central to the...Read More
August 30, 2018 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce the discovery of a kimberlitic body at its Langis project. The Company sent a total of 53.6 kg collected from the three holes that intersected the kimberlitic rock to SRC Geoanalytical Laboratories Diamond Services (GLDS) in Saskatoon for micro diamonds recovery tests. Micro diamonds recove...Read More
Colorado School of Mines and Confluence Companies will break ground on a $44 million, 249-bed student housing development at 10:30 a.m. Sept. 4, 2018. Set to open in 2020, the four-story residence hall at 1750 Jackson St. will house 107 apartment-style units, as well as a fitness center, bike maintenance area, study and social lounges, laundry facilities, covered parking, two outdoor courtyards a...Read More
Now that Peru has approved Panoro Minerals' (TSXV: PML; US-OTC: POROF) request for an expanded environmental impact assessment at its Cotabambas copper project in southern Peru's Apurimac region, the company can start drilling Cluster 2 - a target it's spent two years mapping, sampling and examining through geophysics."Late last year we decided we should start the process for expanding the environ...Read More
Aston Bay (TSXV: BAY; US-OTC: ATBHF) has concluded its 2018 drill campaign at its namesake property on Somerset Island in Nunavut, which includes the Storm copper prospect and the Seal zinc deposit.The company informed investors on Aug. 30 that cold weather and fog had hampered flight access, complicating logistics and limiting drilling activity to just half of the 6,000-metre drill program it had...Read More
STEWART, B.C. - The existing infrastructure of Ascot Resources' (TSXV: AOT; US-OTC: AOTVF) past-producing Premier-Dilworth gold project in northwestern B.C.'s Golden Triangle region is one of its greatest assets."Underground mine, tailings facility, power, road, mill - we have it all," Derek White, Ascot's president and CEO, tells The Northern Miner during a visit to the company's flagship projec...Read More
Azarga Metals (TSXV: AZR; US-OTC: EUUNF) has tabled a preliminary economic assessment (PEA) for its Unkur copper-silver project in eastern Russia. The company acquired 60% of the project in 2016 and began work on the PEA shortly after acquiring the remaining 40% in early 2018.At a US$3.25 per lb. copper price and a US$20 per oz. silver price the project has a US$147.5 million after-tax net presen...Read More
At The Northern Miner, we like to think of ourselves as more than reporters of the latest news and commentaries about Canadian mining and mineral exploration.As an institution dating back to 1915 and as co-founder of the Canadian Mining Hall of Fame, we also have a unique position in business media as chroniclers of the rich history of the Canadian mining industry and its colourful characters.In t...Read More