Tesla's (TSLA) stock price dropped as much as 5% in pre-market trading after CEO Elon Musk announced that he is letting go the idea of taking Tesla private. We now learn that he thought he wa...Read full newsRead More
Polish miner KGHM (WSE:KGH), Europe's second-largest copper producer, was given Monday environmental approval for a $2 billion expansion and upgrade of its flagship Sierra Gorda mine in northern Chile, 60 km south-west of the town of Calama.The state-controlled company grabbed the copper and molybdenum project in 2012, after completing the acquisition of Canadian rival Quadra FNX, in what was the...Read More
Polish miner KGHM (WSE:KGH), Europe's second-largest copper producer, was given Monday environmental approval for a $2 billion expansion and upgrade of its flagship Sierra Gorda mine in northern Chile, 60 km south-west of the town of Calama.The state-controlled company grabbed the copper and molybdenum project in 2012, after completing the acquisition of Canadian rival Quadra FNX, in what was the...Read More
Resolute Mining Ltd (ASX:RSG) managing director and chief executive John Welborn tells Proactive Investors the highlights of the gold major's End of...Read full newsRead More
Gold miner Pretium Resources among the market risersRead full newsRead More
Gold is a simple thing to understand, but it can be a complex investment when you drill down into the details. Here's everything you need to know.Read full newsRead More
Workers, blasting supplies, rail and mine cars arrived in Wyoming from across the country in 1868 to carve a tunnel into a rock hillside at South Pass City, founded 150Read full newsRead More
Mr. Stephen Nano reports MIRASOL REPORTS ADDITIONAL ENCOURAGING SILVER-GOLD ASSAYS FROM THE RESOLUTION AND AURORA PROSPECTS AT NICO PROJECT, SANTA CRUZ, ARGENTINAMirasol Resources Ltd. has released additional encouraging results from the 100-per-cent-owned Nico project with high-grade silver and gold assays from saw-cut channel and rock chip samples collected at the Resolution and Aurora prospects...Read More
(Bloomberg) - Noble Group Ltd.'s shareholders have endured years of torment as a default, billions in losses, and allegations of improper accounting pushed the commodity trader to the brink. After a 90-minute meeting Monday, they backed the company's bid to salvage itself.The $3.5 billion debt-for-equity restructuring, which will hand control to senior creditors, was approved by 99.96 percent of...Read More
DAKAR, Aug 27 (Thomson Reuters Foundation) - Liberia is on the verge of passing a long-awaited land rights law that would help prevent foreign companies uprooting communities to make way for mining and logging, activists said.Liberia's Senate passed the Land Rights Bill last week after four years of debate. The law recognises customary land rights - the rights of communities to ancestral land - as...Read More
Mr. Darin Wagner reportsBALMORAL TO ACQUIRE GARGOYLE NICKEL SULPHIDE DISCOVERY IN ONTARIOBalmoral Resources Ltd. has entered into an option agreement to acquire the Gargoyle property in Ontario where nickel sulphide mineralization was recently discovered in intermittent outcrop exposure over a strike length in excess of 1,000 metres. Grab samples collected from the property have returned grades of...Read More
The Ellendale mine produced almost half of the world's supply of rare yellow diamonds during peak production, and was also the main supplier of fancy-yellow diamonds for luxury jewelry retailer Tiffany & Co. (Image courtesy of Government of Western Australia.)The mothballed Ellendale mine in Western Australia, renowned for its fancy yellow diamonds, is officially up for grabs.The state government...Read More
Milestone reached nearly a year after China but ahead of the USRead full newsRead More
South Korean steelmaker POSCO has inked a deal to acquire lithium mining rights in Argentina from Australia's Galaxy Resources, in a deal worth $280 million.The deal, said the company, will secure stable lithium supplies for its battery material manufacturing affiliate POSCO ES Materials.Deal gives POSCO a package of mining tenements for 17,500 hectares of land in the northern area of the Salar de...Read More
South Korean steelmaker POSCO has inked a deal to acquire lithium mining rights in Argentina from Australia's Galaxy Resources, in a deal worth $280 million.The deal, said the company, will secure stable lithium supplies for its battery material manufacturing affiliate POSCO ES Materials.Deal gives POSCO a package of mining tenements for 17,500 hectares of land in the northern area of the Salar de...Read More
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 continued the late week bounce from the week prior, adding 8.5 points last week to close at 1270.90 for a gain of 0.7%.The INK CIN's Relative Strength Indicator continued its climb 6.5 points or 16.4% to close at 46.05, registering an impressive 3...Read More
Scottish startup firm, Asteroid Mining Corporation (AMC), is ready to take on the mission of launching the UK's first asteroid mining journey.The company, which unveiled its development plans for the Asteroid Prospecting Satellite One (APS-1) last month, is hoping to raise ?2.3million (roughly $3 million) to build such satellite, and it plans to do so through crowdfunding.It would be the UK's f...Read More
The North American markets have been roaring on. While the markets are persistently going higher, precious metals stocks have been underperforming. When markets fall, these precious metals stocks tend to run up.Among gold and silver stocks, the precious metals royalty and streaming companies, including Franco-Nevada (TSX:FNV)(NYSE:FNV) and Wheaton Precious Metals (TSX:WPM)(NYSE:WPM) are the safest...Read More
A bearish brew of a strong U.S. dollar, higher interest rates and firmer economic growth are all creating formidable headwinds for precious metals. Even fears of an emerging market crisis and Trump's inflammatory rhetoric regarding trade have all failed to breathe life into gold and silver.While gold recently recovered to be trading at over the psychologically important US$1,200 per ounce mark, si...Read More
If you have a bit of a contrarian leaning, now might be an excellent time to start looking at precious metals stocks. The metal price has gone down quite a bit over the past several weeks and stocks have come down with it. It's starting to get to the point once again where even the best companies are becoming attractive. With all the geopolitical risks, at this point it may be wise to look into co...Read More