The options for mining companies battling new legislation in the Democratic Republic of Congo - Africa's biggest copper producer and the source of two-thirds of the world's cobalt - have just about run out.After six months of lobbying, companies including Glencore Plc and Randgold Resources Ltd. have got nowhere in their battle to push back against the mining law, which voids existing agreements a...Read More
There may be a slight problem with the prevailing theme for the iron ore market this year, namely that China is increasingly interested in using higher-grade ore as part of efforts to boost output and lower per unit pollution.While Chinese steel mills may well be seeking to boost the use of high-grade iron ore fines and pellets, this isn't exactly showing up in the import numbers.The overall figur...Read More
Australian tech firm Propeller Aerobotics has raised US$10 million with new backing from VC firm Blackbird Ventures and Sequoia China to continue its international growth. The company, which last year established a base in Denver and is said to be generating more than half its sales in North America, has developed advanced cloud-based drone data analytics software and services for mining and other...Read More
Should you buy overvalued stock? Ordinarily, no, because investors traditionally buy low and sell high. However, it can be worth buying richly priced stock - even richly priced stock with little or no forecast growth - if its sector is set to gain value exponentially.Silver stocks definitely fall into this category right now. If you'd bought silver at the start of the year, then well done, because...Read More
The 1,109-carat Lesedi La Rona diamond, the second largest ever recovered, sold for US$53 million. The Constellation, an 813-carat diamond, sold for a record US$63.1 million. Both of these diamonds were mined by Lucara Diamond Corp. (TSX:LUC).Lucara is among the world's top miners of rare, Type IIA diamonds. In 2017, Lucara's 100%-owned Karowe mine in Botswana produced 521 diamonds with weights g...Read More
Precious metal miner Tahoe Resources Inc.'s (TSX:THO)(NYSE:TAHO) shares crashed to earth with a deafening thud in early July 2017 when its flagship Escobal silver mine was forced to cease operations after its licence was suspended by Guatemala's Supreme Court. Despite the positive spin put forth by Tahoe management that the mine's licence would be reinstated and that it would recommence operations...Read More
In May, I'd discussed why June would be a crucial month for gold and silver equities as the world awaited the summit between United States president Donald Trump and North Korean leader Kim Jong-un. Improved relations between the U.S. and North Korea have applied downward pressure to the traditional safe havens. The spot price of gold dipped below the $1,300 mark in the evening hours on June 12.Tr...Read More
As I discussed in an article in late May, Katanga Mining Ltd.'s (TSX:KAT) stock price was nearly cut in half due to the news that came out in late April about G?(C)camines having started legal proceedings to dissolve its joint venture with Katanga because of a previously disclosed capital deficiency.At the time, I'd said that investors who've been looking for an entry point in Katanga should consi...Read More
Retail, especially the "concept" retailers, are going parabolic. It makes no sense given the declining rate of personal consumption, retail sales, etc. The kinkiest names like RH, RL and W are going up like the dot.com stocks went up in late 1999/early 2000. The move in these stocks reflects either mindless optimism or momentum-rampaging by hedge fund bots - or both. The hedge fund trading flow ca...Read More
Until recently the business of mining and processing iron ore was all about supplying Asian steel mills, but over the past 18 months an old game has returned which is about supplying North American steel mills, with one of the biggest winners being the region's oldest iron ore miner, Cleveland-Cliffs.Tim Treadgold13 JUNE 201813/06/2018commentsshare The turnaround for a 170-year-old business has be...Read More
The X-Terra Resources Troilus East property in the Chibougamau region of Quebec 1.5 km east of the former Troilus Mine site where Troilus Gold Corp. recently began a 30,000-metre drill program. The yellow triangles are soil sample locations. Source: X-Terra Resources Inc.X-Terra Resources Inc. [XTT-TSXV, XTR-FSE] on Wednesday June 13 announced the results of a 2017 till program on its 100%-owned T...Read More
Channel sampling Equitorial's Little Nahanni Pegmatite Group, a NI 43-101 compliant hard rock lithium property in the Northwest Territories. Source: Equitorial Exploration Corp.Equitorial Exploration Corp. [EXX-TSXV; EQTXF-OTCQB, EE1-FSE] was an active trader Wednesday June 13 after the company reported drill assays results from its 100%-owned Cat Lake Lithium property in southeastern Manitoba.In...Read More
Flying in exploration gear to Nighthawk Gold's Colomac Gold Project in the Northwest Territories. Source: Nighthawk Gold Corp.Nighthawk Gold Corp. [NHK-TSXV; OTC-MIMZF] on Wednesday June 13 released an updated inferred mineral resource estimate for its 100%-owned Colomac Gold Project in Canada's Northwest Territories.Nighthawk Gold is focused on Colomac as it bids to show that former operator Roya...Read More
CALGARY - The Alberta Energy Regulator has approved a tailings pond management plan for oilsands miner Syncrude Canada despite its reliance on a remediation method that isn't endorsed by the agency.The regulator requires that all oilsands mine producers outline how they will deal with the toxic storage ponds that together cover more than 220 square kilometres and contain almost 1.2 trillion litres...Read More
I won't lie ...I'm no fan of Donald Trump.The intolerant fear monger squatting at 1600 Pennsylvania Ave (from time to time), has done few things to make me see any worthwhile qualities in him.Greed and ego are his allies, compassion, honesty, and common sense are his adversaries.But I'm an equal opportunity critic who claims no loyalty to any political party. To quote the great philosopher Carlto...Read More
June 13, 2018 (Investorideas.com Newswire) Precious metals expert Michael Ballanger discusses the gold-silver ratio and the state of the precious metals market.Based on the feedback I received over the weekend, I thought a quick follow-up would be in order on the topic of "deviant conundrum" because it was told to me by a wonderfully gifted retired English teacher that I was on the edges of plagia...Read More
Toronto, Ontario - June 13, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Metals Creek Resources Corp. (TSXV: MEK) (the "company") is pleased to announce that results have been received for the final five holes of a nine hole, 2382m (meters) (see MEK news release February 14, 2018) diamond drill program designed to further test multiple targets on the Ogden Gold Project.These 5 holes were tar...Read More
Vancouver, British Columbia - June 13, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Cornerstone Metals Inc. (TSXV: CCC) (OTCQB: CCCCF) (FSE: 1PY) ("Cornerstone" or the "Company") is pleased to announce a recent vote by the U.S. House of Representatives that could help fast track the advancement of Cornerstone's Carlin Vanadium Project near Carlin, Nevada.In a move to facilitate streamlined p...Read More
June 13, 2018 (Investorideas.com Newswire) Geology does not care about international borders, and one porphyry belt that crosses the U.S.-Mexico border is getting a lot of attention.On the U.S. side sits Arizona Mining Inc. (AZ:TSX), which has been developing its Hermosa project. Located about 13 kilometers north of the Mexican border, the Taylor Deposit within the Hermosa project is a carbonate r...Read More
June 13, 2018 (Investorideas.com Newswire) The common shares of 66 Resources Inc. have been approved for listing on the CSE. Listing and disclosure documents will be available at www.thecse.com on the trading date.66 Resources Corp. is a B.C. company located in Vancouver, B.C. The Company has a board of four directors with experience in the management of companies listed on the CSE. The Company ha...Read More