World's No. 2 miner Rio Tinto (ASX, LON:RIO) has joined forces with Minmetals, one of the biggest Chinese mining companies, to explore for mineral deposits first in the Asian country and then the rest of the world .The 50-50 joint venture with state-backed Minmetals follows a technical agreement signed in November, when both parties committed to collaborative search for new ore bodies."The formali...Read More
Democratic Republic of Congo's prime minister will sign into law on Friday regulations to immediately implement a new mining code without any concessions to industry demands that key provisions be amended, the mines minister said on Thursday.The move could set off a legal battle between the government and major mining companies operating in Congo, including Glencore and Randgold, which threatened...Read More
Australian copper-gold miner OZ Minerals (ASX:OZL) moved closer to having control of takeover target Avanco Resources (ASX:AVB) Thursday, as it declared its cash and shares offer for the for Brazil-focused explorer "unconditional."The Adelaide-based company is offering Avanco shareholders 8.5c in cash and 0.009 of its own shares for every Avanco share held, valuing the company at A$418 million (a...Read More
Cameco Corp. (TSX:CCO)(NYSE:CCJ) has long been viewed as a great long-term investment with plenty of potential, assuming that uranium prices finally recover from their multi-year lows.That hope is beginning to gain support with investors and pundits alike, so let's take another look at whether Cameco is worthy of an investment.What happened to uranium prices?Uranium is primarily used as a fuel for...Read More
Noting that the price of gold to silver sits at a ten-year high of about 80-to-one, PI Financial's precious metals and mining analyst Chris Thompson picks three established mining stocks to benefit most from a 'devil's metal' price recovery. (He also picks a 'sleeper' for those eternal optimists bent on ferreting out ridiculously under-priced penny mining stocks.)In a precious metals mining sector...Read More
And just like that, the VIX index crashes right back to where it was before the late-January 10% drop in the stock market - a reflection that the remaining stock market speculators and hedge fund bots have been completely cleansed of any fear impulse that hit daytrader keyboards in the first quarter of 2018:Hedge funds went from insanely short VIX futures to long VIX futures after the market h...Read More
The winner of this year's #DisruptMining 2018 contest - a yearly event sponsored by major miner Goldcorp to find new technologies to solve some of the most prominent challenges facing the often change-averse mining industry - has closed a C$1 million investment from the major.Henry Lazenby in Vancouver On site at Goldcorp's Red Lake complex07 JUNE 201807/06/2018commentsshareAs part of the deal...Read More
Visible gold in Hole OAX-17-168 at 197 m depth at Orenada Zone 4Alexandria Minerals Corp. [AZX-TSXV;ALDXF-OTC] said it is embarking on a new corporate direction that will feature non-dilutive financings, a re-focus on core assets and a new management team.The announcement follows the company's recent decision to terminate Alexandria's former CEO Eric Owens. In a February 14, 2018, press release th...Read More
CALGARY - Canada's oilsands industry, hard hit by a price storm this year, could be sailing straight into a pricing typhoon stirred up by new fuel standards for the international shipping industry.The tighter pollution rules by the International Maritime Organization, dubbed IMO 2020, are set to take effect Jan. 1, 2020, resulting in the sulphur content limit of "bunker" fuel on ships droppi...Read More
$7.17 billion.According to Deloitte, this is how much Canadians are expected to spend on cannabis products next year.Once this report came out, Wall Street hot shots spit out the data to their clients so they could get a piece of this action.And this, dear reader, is why those Wall Street hustlers are useless.Everything they're now telling their clients about cannabis stocks is basically what I to...Read More
Seabridge Gold (TSX: SEA; NYSE:SA) holds one of the world's largest resource bases of gold, copper and silver, with the objective of growing gold resource and reserve ownership per share. We learned from Rudi Fronk, who's chairman and CEO of Seabridge Gold, that he started Seabridge almost 19 years ago with a contrarian view on gold and with the intention to build the best leveraged play to a risi...Read More
Aben Resources Ltd. (TSX-V: ABN, OTC PINK: ABNAF, Frankfurt: E2L2) is a Canadian gold exploration company developing three great projects in British Columbia's Golden Triangle, the Yukon, and Saskatchewan. We learned from Jim Pettit, President and CEO of Aben Resources, that their flagship project is called Forrest Kerr Gold Project in the Golden Triangle, northwestern British Columbia, which is a...Read More
Vancouver, British Columbia - June 7, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Magnitude Mining Ltd. (TSXV: MML.P) (the "Company"), a capital pool company, is pleased to announce that it has completed its initial public offering (the "Offering").The Company issued an aggregate of 2,000,000 common shares (each, a "Share") of the Company to purchasers in British Columbia and Alberta at a p...Read More
June 7, 2018 (Investorideas.com Newswire) Technical analyst Clive Maund examines recent movements in the gold market.Gold's breakout from its giant 5-year base pattern has had to wait for the dollar rally to run its course, which it now appears to have done, and this being the case, gold is now free to break out into a major bull market that looks set to dwarf all prior ones. We have in the past d...Read More
June 7, 2018 (Investorideas.com Newswire) Technical analyst Clive Maund examines the silver market and explains why he believes this is a good entry point "for all things silver."The silver market has become so quiet that you can hear a pin drop, a most unusual situation in this normally rather volatile metal. What this means is that there is a big move brewing and probably sooner rather than late...Read More
Ever since the Supreme Court ruled that the baker was within his rights to refuse to bake a wedding cake for a gay couple, I have been seeing memes and photos like these:Actually, you don’t even have to have religious beliefs against Trump. A court ruled last month that political beliefs were enough for a bar to deny service to a man wearing a Make America Great Again hat.As for the bakery d...Read More
Junk Bond Spread BreakoutThe famous dead parrot is coming back to life... in an unexpected place. With its QE operations, which included inter alia corporate bonds, the ECB has managed to suppress credit spreads in Europe to truly ludicrous levels. From there, the effect propagated through arbitrage to other developed markets. And yes, this does "support the economy" - mainly by triggering an aval...Read More
Expanding its presence in the health-tech sector and the city of Denver, Colorado School of Mines will join Catalyst HTI, a first-of-its-kind health care innovation hub opening this summer that will bring together startups, established health care entities, nonprofits and academic organizations to spur collaboration and innovation. Mines plans to open a 1,700-square-foot office inside Catalyst HT...Read More
Today is the big day: Canada's Senate will be voting on bill C-45: the Cannabis Act.It would cement Canada as the first G7 nation to make marijuana legal, and lead the way for others to follow.If you've ever been hesitant about investing in marijuana stocks, now is the time for you to act. The bill is going to pass and if you wait much longer you could be missing out on the gains of a lifetime.I...Read More
In the hopes of turning the gold mining industry around, John Paulson of Paulson & Co is putting together an alliance of investors called the Shareholders Gold Council, which is set to launch sometime in June.Read full newsRead More