The loss of a key partner has dealt a huge blow to Northern Dynasty Minerals' dreams of bringing the Pebble mine to life.Read full newsRead More
One of the strangest stories in the mining industry this year has been the battle between Russian gold miner Petropavlovsk Plc and its activist, mystery shareholders.Read full newsRead More
Shares in Sirius Minerals (LON:SXX), the British company building a huge polyhalite mine beneath a national park, were off to the races on Wednesday after it announced it had secured a major seven-year African supply deal.Sirius, which plans to sink two 1,500m deep shafts in the Yorkshire moors this year, said Intercontinental Trade DMCC Dubai had agreed to buy up to 350,000 tonnes a year of POLY...Read More
"The industry is in crisis," said Chris Griffith, CEO of Anglo American Platinum Ltd., the world's largest producer.The death rattle of the industry that once symbolized South Africa can be heard in the town of Carletonville-on Gold Street.That's where Paseka Selemela has been guarding cars since 2010, when the scaffolding business he worked for closed. Prior to that, he was an assistant at a now-...Read More
Solstice among standout stocksRead full newsRead More
Miners laid off, mines closing, losses mounting-a huge headache for President RamaphosaRead full newsRead More
As the Rev. Mark Sheard sat in his office overlooking the Macedonia Baptist Church playground, the sounds of laughter poured through a thin wall.Read full newsRead More
Though a falling gold price is never ideal, investors have plenty of reasons to smile.Read full newsRead More
On the evening of May 29, the power was out in the two front rooms of Stanley Edgar's Rockwall home, where he lives with his 32-year-old son...Read full newsRead More
On the evening of May 29, the power was out in the two front rooms of Stanley Edgar's Rockwall home, where he lives with his 32-year-old son...Read full newsRead More
Mining infrastructure supplier Mineral Resources (ASX: MIN) has bowed to Australia's richest woman, Gina Rinehart, in the battle for junior iron ore miner Atlas Iron (ASX: AGO), by saying Wednesday it would not make an offer to counter her A$390 million ($288 million) cash bid.Fortescue Metals still has a 19.9%-stake in Atlas and has not yet disclosed whether it plans to launch a rival bid or sel...Read More
Canadian investors are searching for top-quality companies to hold inside their self-directed RRSP portfolios.The strategy makes sense, especially when dividends are invested in new shares to take advantage of the power of compounding. Over a few decades, investors can see reasonably modest initial investments turn into large nest eggs.Let's take a look at Nutrien Ltd. (TSX:NTR)(NYSE:NTR) to see i...Read More
Katanga Mining Ltd. (TSX:KAT) hasn't been short of drama lately. First, the stock fell about 68% from a 52-week high of roughly $2.50 per share to as low as about $0.80 per share. The huge drop was triggered by its partner, G?(C)camines, a state-owned mining company in the Democratic Republic of Congo, threatening to dissolve the joint venture between the two companies.Then, the stock popped about...Read More
Anyone who can't see a dangerous bubble should not be managing, analyzing or trading stocks. Even Hellen Keller could figure out what is going here: It's not easy shorting the market right now - for now - but there have been plenty of short-term opportunities to "scalp" stocks using short term puts. I cover both short term trading ideas and long term positioning ideas. You can learn more abou...Read More
Underground test mining at the Fortune Minerals NICO Project in the Northwest Territories. Source: Fortune Minerals Ltd.A recent surge in the price of cobalt has sparked renewed interest in Fortune Minerals Ltd.'s [FT-TSX; FTMDF-OTCQX] polymetallic NICO project in the Northwest Territories.During a telephone interview with Resource World Magazine, Fortune President and CEO Robin Goad said the comp...Read More
The Quantec MT geophysical survey at Belmont's Kibby Basin property in Nevada. Source: Belmont Resources Inc.Belmont Resources Inc. [BEA-TSXV; L3L1-FSE] shares rallied strongly Wednesday June 20 after the company said it has received borehole drill permits for a proposed drill program at its Kibby Basin Lithium Project in Nevada."A drilling contractor has been selected and drilling is anticipated...Read More
The ZincX Resources Akie Project exploration camp in the Kechika Trough, 260 km north-northwest of Mackenzie, northeastern British Columbia. Photo courtesy ZincX Resources Corp.Zinc miners predict by 2025 production will fall short by 4.3 million tonnes annually - an opportunity not lost on Peeyush Varshney, CEO of British Columbia-based ZincX Resources Corp. [ZNX-TSXV]."We are confident in th...Read More
You've heard of a pick-and-shovel play before.The phrase goes back to the days of the California gold rush, when many of the profits being made weren't from those actively looking for gold. Instead, vast fortunes were built selling picks and shovels to miners looking to strike it rich. I also think it's safe to say that most of the members of our investment community have taken advantage of these...Read More
Calidus Resources (ASX:CAI) controls the entire Warrawoona Gold Project, in the East Pilbara district of the Pilbara Goldfield, in Western Australia. We learned from David Reeves, Managing Director of Calidus Resources, that they have a resource of 712,000 ounces, at 2.1 grams a ton, outcropping over 2.6 kilometers. It is open in all directions, and they have just commenced the resource extension...Read More
Toronto, Ontario - June 20, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Palamina Corp. (TSXV: PA) has completed further staking to expand its five 100% owned, district-scale gold projects in the Puno Orogenic Gold Belt ("POGB") located in southeastern Peru. The POGB is one of the least explored known orogenic gold belts. Palamina's projects in the POGB now cover over 77,000 hectares. All pr...Read More