Glencore on Wednesday said it would "vigorously contest" a $680 million tax demand from the British authorities linked to transfer pricing.The Swiss-based mining and trading company has offices in London and is London-listed. The British tax authorities issued formal transfer pricing, permanent establishment and diverted profits tax assessments for the 2008 - 2017 tax years, amounting to $680 mill...Read More
The bank's campaign to get out ahead of whateverRead full newsRead More
South Africa's Sibanye-Stillwater expects its full-year attributable loss to be more than $100 million greater than guidance in a trading statement last week, it said on Wednesday, after a review of tax changes in the United States.Sibanye now expects a headline loss per share of 1 cent, compared with 12 cents in 2017The gold and platinum miner's shares fell into negative territory on the news tha...Read More
Blockchain is a notable buzzword, and while the technology is being rapidly adopted by many industries, the mining sector has been criticized for staying stuck on old models."The world has been transformed by new technologies such as the internet and the blockchain, mining has continued to do business slower and more expensively than is necessary," said Grant Lenaarts, CEO of Mineral Assurance - a...Read More
Canada's Barrick Gold (TSX:ABX) (NYSE:GOLD) said Wednesday its interest in Chile remains strong despite local authorities ordering the "total and definitive" closure of its Pascua-Lama gold-silver project over environmental issues.The world's largest gold miner, which completed its merger with Randgold at the beginning of the year, is currently reviewing a range of "new exploration opportunities...Read More
We have just published our second edition of Canadian Insider Insights, a newsletter exclusively for CanadianInsider.com users. This publication seeks to provide a quick read on what insiders are telling us about the outlook for the Canadian market. Commentary draws heavily from our institutional Market INK report to bring you distinct, independent insight you will not find anywhere else. INK's...Read More
Palladium surged above $1,500 an ounce to a record, extending a powerful rally that's been driven by an acute shortage of supply as car manufacturers scramble to get hold of the material to meet stringent emissions controls. The advance will benefit top suppliers in Russia and South Africa.Spot palladium surged as much as 1.7 percent to $1,505.46 an ounce, and traded at $1,501.28 at 11:52 a.m. in...Read More
Australia's largest gold producer, Newcrest Mining, (ASX: NCM), is expanding its footprint in Ecuador by signing an agreement with Cornerstone Capital Resources (TSX-V:CGP), a Canadian junior with several assets in the country, including a 15% stake in SolGold's Cascabel copper-gold project.Under the deal, a subsidiary of Newcrest will have the option to earn up to a 75% interest in two early-st...Read More
Mr. Matthew Hornor reportsMAPLE GOLD RECEIVES $1.9M FROM REVENU QUEBEC AND OUTLINES 2019 DRILLING PLANSMaple Gold Mines Ltd. has added $1.9-million to its treasury after receiving its full 2017 tax credit refund from Revenu Quebec. An upcoming winter 2019 drill program will test refined higher-grade targets generated from recently reported 3-D modelling work. Mapping and gold deportment work will...Read More
Mr. David Wolfin reportsCORAL GOLD PROVIDES OUTLOOK FOR 2019, INCLUDING PREFEASIBILITY WORK BY BARRICK GOLD AT ROBERTSON PROJECTCoral Gold Resources Ltd.'s royalty payee Barrick Gold had a productive year at the Robertson gold property in Nevada. Barrick has reported that the prefeasibility study work is on schedule and phase II metallurgical work is in progress.Coral Gold holds a sliding-scale 1-...Read More
Uranium Energy Corp Receives Radioactive Material License for the Burke Hollow ISR Project in South TexasCanada NewsWireCORPUS CHRISTI, TX, Feb. 20, 2019Read More
Results reflect the fourth consecutive year of growthInitial reserve declaration at Silvertip drives higher Companywide silver reserve gradesMeasured and indicated gold and silver resources increase 26% and 2%, respectivelyInferred gold and silver resources increase 145% and 39%, respectivelyCompany Website: http://www.coeur.comCHICAGO -- (Business Wire)Coeur Mining, Inc. ("Coeur" or the "Company"...Read More
Canadian bullion producer IAMGOLD Corp. (TSX: IMG) (NYSE: IAG) reported a 23% increase in its proven and probable gold Reserves, which reached 17.9 million ounces at the end of 2018 due to the conversion of resources to reserves at the Saramacca deposit in Suriname, the C??t?(C) gold project in Ontario, and the Boto gold project in eastern Senegal.At the end of 2017, the miner's reserves were 4.5...Read More
"Canada Cobalt Drills into Bonanza Grades at Castle -- #CCW $CCW @CanadaCobalt #Cobalt #Mining #Silver #TSXV #SmallCaps #batterymetals #electriccar #battery #Momentumstocks #batterymetals --Read the News Release here: https://t.co/oTNnp0c7gh"Read full newsRead More
The Gold Coast used to be a gravy train for Republicans, but it could be at risk for the 2020 elections.Read full newsRead More
Canada's Barrick Gold (TSX:ABX) (NYSE:GOLD) and Tanzania have arrived at a plan to settle disputes between the miner's 63.9%-owned Acacia Mining (LON:ACA) and the country's government, which includes a $300 million payment to resolve tax claims in the East African nation.Among the proposals put forward, Barrick offered to create a local operating company in Tanzania and share economic benefits fro...Read More
Both the technicals and the fundamentals are now firmly in favor of gold. This is good, and there's more to come, asserts gold sector expert Brien Lundin, editor of Gold Newsletter.Read full newsRead More
[Editor’s note: This story was originally published in August 2018. It has since been updated and republished.]The stock market’s volatility in recent months has not made me less bullish on the five cheap stocks profiled in this article. Among these stocks, market movements can cause some noise. But the investment thesis on cheap stocks is predicated on huge moves higher in the long-te...Read More
Roughly one year ago and prior to that we observed that the gold stocks could be following the recovery template from what we deemed a "mega bear market."We define that as a bear market that is over two and a half years in time and over 80% in price. It cuts both ways.The gold stocks from 2011 to January 2016 had declined more than 80% and for more than four years. It was a textbook mega bear mark...Read More
Teck Resources Ltd (TSX:TECK.B)(NYSE:TECK) has an iffy record of rewarding shareholders.Over the past 13 years, despite several surges of 50% or more, Teck Resources has delivered a total return of around 0% despite building a business that surpassed $12 billion in revenues last year with roughly $4.4 billion in cash flow from operations.With such scale and cash flow, why has Teck Resources strug...Read More