LONDON, July 26 (Reuters) - Anglo American unit De Beers expects its purchase of Canada's Peregrine Diamonds, its first upstream diamond acquisition since 2000, to be completed in a month to six weeks' time. Only then can it really start sizing up the asset.Peregrine is the sole owner of the Chidliak project on Baffin Island in northeastern Canada. While preliminary assessments of Chidliak's miner...Read More
GGX Gold Corp. , , is pleased to announce the receipt of the additional analytical results from its diamond drilling program on the Gold Drop property, located near Greenwood, B.C. Drill core... | July 25,2018Read full newsRead More
TORONTO, July 25, 2018 /CNW/ - Wallbridge Mining Company Limited is pleased to announce positive initial results from its underground drill program and to provide an update on the ongoing... | juillet 25,2018Read full newsRead More
VANCOUVER, British Columbia, July24, 2018(GLOBE NEWSWIRE) -- Lumina Gold Corp. (TSXV:LUM) (OTC:LUMAF) (the "Company" or "Lumina") is pleased to announce...Read full newsRead More
Companies can now perform non-systematic drilling during the early exploration phase of their mining concessions and without requiring an environmental license.Read full newsRead More
ANGLOGOLD Ashanti has scored a huge coup in the form of Barrick Gold president, Kelvin Dushnisky, who has agreed to take up the company's reins from current CEO, Srinivasan Venkatakrishnan, whose last day at the Johannesburg-headquartered firm is on August 31. Venkatakrishnan, or 'Venkat' as he is known, is to become CEO of Vedanta. SiphoRead full newsRead More
(Bloomberg) - Platinum's near the lowest in a decade and hedge funds have never been so bearish and that could be good news for prices.The commodity has had a torrid year so far amid ample supplies and as investors lost faith in precious metals. While speculators are betting on more declines, the large bearish wagers mean prices could be poised to rebound, according to ING Bank NV. The bank, along...Read More
Mr. Matthew Hornor reportsMAPLE GOLD EXTENDS NIKA ZONE MINERALIZATION TO THE EAST AND RECAPS 2018 SUCCESS IN THE NW GAP AREAMaple Gold Mines Ltd. has provided the final drill results from the NW Gap area, the area between the NW, Douay West and Porphyry zones, which includes the new Nika zones. There were a select number of historical drill holes drilled in the NW Gap area from 2011 to 2017 inclus...Read More
ANGLOGOLD Ashanti has scored a huge coup in the form of Barrick Gold president, Kelvin Dushnisky, who has agreed to take up the company's reins from current CEO, Srinivasan Venkatakrishnan, whose last day at the Johannesburg-headquartered firm is on August 31. Venkatakrishnan, or 'Venkat' as he is known, is to become CEO of Vedanta. SiphoRead full newsRead More
25 July 2018 - Powermite will use Electra Mining 2018 as a springboard to launch its new innovative Conductix Wampfler SR-Express Spring Reeling Drums as well as to introduce the market to additions to its range of plugs and sockets.(Stand F16: Hall 6)Powermite will launch its new innovative Conductix Wampfler SR-Express Spring Reeling Drums at Electra Mining 2018.Telefonika mining cable, Conducti...Read More
Vancouver, BC - Bankers Cobalt Corp. (TSXV: BANC) (OTCQB:NDENF) (the "Corporation" or "Bankers"), is pleased to announce it has entered an option with a private Namibian partner to acquire a 70% interest in a prospective base metals, precious metals and industrial metals license located in the country of Namibia. Namibia is situated north of South Africa and south of Zambia. The option is for a pe...Read More
Talison Lithium plans to double its production at its Greenbushes facility in Western Australia through a $382 million expansion to around 1.95 million tons per year, according to a report by XINHUANET.com.Work is expected to start early 2019."Greenbushes is a truly world-class mining operation with the capacity for significant expansion to underpin the lithium supply needs of our shareholders,"...Read More
Unlike the other two gold majors Newmont had a quarter to trumpet with a second quarter coming in at $144 million or 26 cents per diluted share.Newmont Mining (NYSE:NEM) was up 2.14% to $38.27 per share. Analysts expected 24 cents a share.Yesterday Barrick reported a net loss of US$94 million or 8 cents per share in its 2Q, and Goldcorp also reported a net loss of $131 million or 15 cents per sha...Read More
Although precious metals have not rebounded too strongly yet, the long awaited summer rally could be underway (at least in Gold). Gold is oversold and its sentiment is overly bearish. But it is holding important support in the low $1200s. Silver has begun to rally after breaking down from a triangle consolidation. The gold stocks held up well during recent carnage in the metals but are struggling...Read More
Cameco Corp. (TSX:CCO)(NYSE:CCJ) stock opened nearly 10% higher this morning. The reason? The uranium miner just reported a huge loss for its second quarter and reiterated that the uranium markets aren't showing any signs of a recovery yet.Yes, you read that right. If you look at Cameco's Q2 numbers, you'd have to rub your eyes to believe the stock actually soared post the earnings release.The tru...Read More
If you've just started thinking about investing in Canadian stocks, you'll probably have heard a lot of talk about miners and precious minerals. The TSX is dominated by miners and financials, so get used to it!But which miners are going to give you the best bang for your buck? While gold may be eye-catching and lithium has its advantages, the safest bets at the moment seem to come from two unlikel...Read More
Gold has dropped sharply in recent weeks because of a stronger U.S. dollar and an ongoing global economic recovery, which has seen central banks move to normalize monetary policy and increase interest rates. While the economic outlook is positive, there are storm clouds gathering on the horizon. Trump's approach to trade, which has seen him place tariffs on a range of imports and threaten China, t...Read More
Drilling operations at Alamos Gold's Kirazli gold-silver project in Turkey. Source: Alamos Gold Inc.Alamos Gold Inc. [AGI-TSX, NYSE] said Wednesday July 25 that it had been granted the GSM (business opening and operation) permit required for the development of its Kirazli Project by the Canakkale governorship in Turkey.Trading in Alamos was halted ahead of the news, which was announced before the...Read More
The Galore Creek copper-gold-silver project approximately 160 km northwest of Stewart, northwestern British Columbia. Source: NovaGold Resources Inc.NovaGold Resources Inc., [NG-TSX, NYSE American] a partner with Teck Resources Ltd. [TECK.B-TSX, TECK-NYSE] in the Galore Creek Creek Project in northwestern British Columbia has agreed to sell its 50% stake in the project to Newmont Mining Corp. [NEM...Read More
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