Mining Articles

Jaxon Mining confirms copper gold porphyry discovery in British Columbia, assays pending

Fri Jul 27 09:03:56 2018 / Staff reporter

Jaxon said the first phase of fieldwork included geological mapping and sampling the Red Spring area, located within the Hazelton Property.Read full newsRead More

More than 100 South African gold miners treated for smoke inhalation

Fri Jul 27 09:03:53 2018 / Staff reporter

Hundreds of South African gold mine workers were rescued and over 100 treated for smoke inhalation after an underground fire, the National Union of Mineworkers (NUM) said on Thursday.Read full newsRead More

Lumina Gold : Announces Ecuadorian Mining Sector Reforms Enabling C20 Drilling to Commence

Fri Jul 27 09:03:53 2018 / Staff reporter

Vancouver - Lumina Gold Corp.is pleased to announce that the Ecuadorian Minister of Energy and Non-Renewable Natural Resources, Carlos Perez Garcia, enacted a Ministerial Agreement , which will... | juillet 26,2018Read full newsRead More

Harmony Gold Mining : Hidden Valley mine and Wafi-Golpu project update

Fri Jul 27 09:03:52 2018 / Staff reporter

26 Jul '18Johannesburg, Thursday 26 July 2018. Harmony Gold Mining Company Limitedis pleased to advise that Harmony's Hidden Valley operation reached commercial levels of... | juillet 26,2018Read full newsRead More

Barrick Gold reports Q2 loss of US$94 million

Fri Jul 27 09:03:52 2018 / Staff reporter

Barrick said earnings and cash flow impacted by planned maintenance activities at Barrick Nevada and Pueblo Viejo.Read full newsRead More

Novo Resources completes Comet Well NSR acquisition

2018-07-27 08:25 / Mr. Quinton Hennighreports

Mr. Quinton HennighreportsNOVO COMPLETES EXERCISE OF RIGHT TO PURCHASE HALF OF COMET WELL ROYALTY Novo Resources Corp. has finalized the purchase of one-half of a 1-per-cent net smelter returns royalty on the company's Comet Well property in the Karratha region of Western Australia, as described in the company's news release dated July 16, 2018. Completion of the acquisition was subject to TSX Ven...Read More

Barrick Gold reports Q2 loss of US$94 million

Fri Jul 27 08:16:40 2018 / Staff reporter

Barrick said earnings and cash flow impacted by planned maintenance activities at Barrick Nevada and Pueblo Viejo.Read full newsRead More

Amarillo repays $8.5-million (U.S.) gold-linked loan

2018-07-27 07:14 / Mr. Mike Mutchler reports

Mr. Mike Mutchler reportsAMARILLO ANNOUNCES THE FULL REPAYMENT OF THE GOLD-LINKED LOANAmarillo Gold Corp. has fully repaid the gold-linked credit facility for $8.5-million (U.S.) through a combination of $7.4-million (U.S.) in cash and $1.1-million (U.S.) in new equity. The company's intention to repay the gold loan was previously announced in the company's news release dated July 24, 2018.Pursuan...Read More

A Note from Craig Parry, CEO & President of IsoEnergy

July 27, 2018 05:04:51 / Staff reporter

Yesterday, IsoEnergy Ltd. (TSX-V:ISO | OTCQX:ISENF) (the "Company" or "ISO Energy") issued a news release detailing our discovery of a new zone of uranium mineralization on our Larocque East property which we acquired from Cameco in May this year. ISO has performed strongly off the back of this news and along with other uranium equities is trading up off the back of Cameco's major news today.Ca...Read More

An 85.7 gram gold nugget found in Scotland

Jul. 27, 2018, 1:37 AM / Michael Allan McCrae

An amateur prospector working an unnamed Scottish river has found a huge gold nugget, says the Guardian. At 85.7g (3.02oz), the nugget is believed to be the UK's largest. The prospector, who asked to remain anonymous, found nearly two years ago. The prospector found the nugget while lying in the river and using a snorkel. "I was following a crack in the bedrock and found around 2g in fine gold," t...Read More

China's gold mystery: Has the nation really stopped boosting its hoard?

Fri Jul 27 01:06:46 2018 / Bloomberg Markets

The case for China raising its gold holdings seems compelling.Read full newsRead More

RT @MiningStockEdu: Interview with @RealRickRule from 2018 Sprott Conference #miningstocks #resourceinvesting

Fri Jul 27 00:17:53 2018 / MiningStockEducation

To access the 2018 Sprott Conference MP3's: http://www.cvent.com/d/8gqxxq?RefID=mse18 Use discount code "rrmp18" to save $170 off the regular price. To acces...Read full newsRead More

Should You Own Cameco Corp. (TSX:CCO) Stock As a Contrarian Play?

July 27, 2018 / Andrew Walker

Cameco Corp. (TSX:CCO)(NYSE:CCJ) just came out with some rather bleak news.The company is cutting hundreds of mining and head office jobs after a decision to extend the shutdown of its McArthur River and Key Lake operations "indefinitely." Given the ongoing difficulties in the uranium market and the uncertainties surrounding U.S. tariffs, this shouldn't come as much of a surprise to investors.Let'...Read More

Things Have Gone From Bad to Worse for Cameco Corp. (TSX:CCO) Stock

July 27, 2018 / David Jagielski

Things just aren't getting any better for Cameco Corp. (TSX:CCO)(NYSE:CCJ). Late last year, the company cut its dividend and announced that it would be scaling back production. On Wednesday, the company released its latest quarterly results, which did not show things getting any better, and Cameco announced that what were initially expected to be short-term layoffs will now be permanent, and th...Read More

Only 2 People Seem to Want This +8% Dividend Mining Stock

July 27, 2018 / Victoria Hetherington

Everybody loves Canadian mining stocks, and it's even better when those stocks pay big dividends. It's little wonder, then, that the director of Labrador Iron Ore Royalty Corp. (TSX:LIF) snapped up 3,000 shares of Labrador Iron Ore stock last week. If I had a spare $72,150 laying around, I might do the same thing.In fact, this stock is so good that it's a little baffling it's getting so little air...Read More

Adios Housing Bubble

July 27, 2018 / admin

The homebuilder and related stocks are in an "official" bear market. For a short-seller it's the perfect scenario, as the decline in homebuilder stocks has received little to no attention from the mainstream financial media. The current bubble is a "price bubble" that was fueled by the $2.5 trillion of printed money dumped into the housing market by the Fed and de facto subprime mortgages unde...Read More

Lundin takeover target Nevsun posts Q2 results

July 27, 2018 / Resource World

Nevsun's Timok copper-gold project in Serbia. Source: Nevsun Resources Ltd.Nevsun Resources Ltd. [NSU-TSX, NYSE American], the target of a $1.4 billion takeover bid from Lundin Mining Corp. [LUN-TSX; LUMI-Sweden], has reported a second quarter loss of US$9.3 million, or US$0.03 per share. Revenue in the quarter was US$76.4 million.Nevsun is a leading mid-tier base metals company. It operates Bisha...Read More

Going all-in on Nevada gold

July 27, 2018 / Resource World

Drilling a target on Nevada's prolific Carin trend. Source: Gold Standard Ventures Corp.Mindful that geopolitical volatility can be a major concern in the global mining space, GMP Securities LP is making the case for Nevada as one of the more stable jurisdictions for mining investment.In keeping with that theme, GMP has launched coverage of four companies with key projects in Nevada, including Gol...Read More

Indigenous leader, union concerned about Cameco mine shutdowns in Saskatchewan

July 27, 2018 / Editor

SASKATOON - The chief of the Federation of Sovereign Indigenous Nations says First Nations people will be hurt by the shutdowns at two uranium mining operations in northern Saskatchewan.Uranium miner Cameco Corp. says it has indefinitely extended production suspensions at its McArthur River and Key Lake operations.The extension of the shutdowns, first announced as temporary in January, means the...Read More

Imperial Oil CEO says proposed Syncrude partner deals must "make sense" for all

July 27, 2018 / Editor

CALGARY - Negotiations on commercial deals to improve reliability at the problem-plagued Syncrude oilsands mine and upgrader need to "make sense for all parties," the CEO of its second-largest owner said on a conference call Friday.Rich Kruger of Imperial Oil Ltd., which owns 25 per cent of the four-decades-old project in northern Alberta, said his company is co-operating in discussions to find wa...Read More

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