Mr. Joe Campbell reportsTERRAX EXTENDS CRESTAURUM ZONE TO 300 METERS VERTICAL DEPTH, DOUBLING SIZE OF KNOWN MINERALIZED STRUCTURETerrax Minerals Inc. has released assay results from the remaining 11 holes drilled at the Yellowknife City gold project this winter.Four of these holes (1,170 metres) were drilled on the high-grade Crestaurum gold-bearing structure to test whether gold mineralization co...Read More
Shares in base metals producer Nevsun Resources (TSX, NYSEMKT:NSU) skyrocketed on Tuesday after the company's board unanimously rejected a Cdn$1.5-billion (about $1.2bn) unsolicited bid from fellow Canadian miners Lundin Mining and Euro Sun Mining.The suitors had disclosed late on Monday the takeover offer for Vancouver-based Nevsun, noting their disappointment for not having been able to reach a...Read More
A legal case to dissolve a Glencore mining subsidiary in the Democratic Republic of Congo has been suspended pending a decision by the Supreme Court, the mining giant said on Tuesday. Congo's state miner Gecamines is seeking to dissolve Kamoto Copper Company (KCC), blaming Glencore for high debts that have weighed on the mine for more than 10 years.The temporary suspension comes after the Supreme...Read More
Protesters in Ethiopia's restive Oromia region demanded the government withdraw a gold-mining permit from a company owned by Saudi billionaire Mohammed al-Amoudi because of alleged pollution.Read full newsRead More
Bitmain's Newest ASIC Can Mine Bitcoin Gold, ZcashRead full newsRead More
Seven miners were killed at Sibanye-Stillwater's Masakhane mine while six others are recovering in hospital after being trapped underground for two days, the company said on Saturday.Read full newsRead More
Seven miners were killed at Sibanye-Stillwater's Masakhane mine while six others are recovering in hospital after being trapped underground for two days, the company said on Saturday.Read full newsRead More
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) took a hit on Wednesday after the company announced it had found a blockage in the pipeline that carries copper concentrates from the Los Pelambres processing plant to nearby ports.The company said it would take up to three months for stocks to return to normal, which will affect both projected output and sales in the six months ending June 30...Read More
Canada-listed Fura Gems (TSX-V:FUR), a new gemstone mining and marketing company headed by the former COO of Gemfields (LON:GEM), has found a 25.97-carat rough emerald at its Coscuez emerald mine in Colombia.The company, which began operations a year ago, says the gemstone is a "rare and exceptional" one, given its size, colour saturation and clarity.The 25.97-carat gemstone has been named the "?,...Read More
Ask some gold bugs why Gold has not broken out yet and you will probably get the usual answers. Some will say it's due to manipulation or price suppression. Others will mention the current rally in the US Dollar (while neglecting that the previous decline in the greenback was unable to take Gold to a new high). Few would say the fundamentals are not in place. No one can know for certain but Gold's...Read More
Nevsun's Timok copper-gold exploration project in Serbia. Source: Nevsun Resources Ltd.Nevsun Resources Ltd. [NSU-TSX; NYSE AMERICAN] shares jumped 16.1% in early trading Tuesday May 8 after the company said it had rejected an unsolicited $1.5 billion offer from Lundin Mining Corp. [LUN-TSX; LUMI-Sweden] and Euro Sun Mining Inc. [ESM-TSX, CPNFF-OTC].Nevsun said the non-binding unsolicited proposal...Read More
ST. JOHN'S, N.L. - Newfoundland and Labrador's premier says confusion and uncertainty over federal efforts to protect marine areas have stranded crucial offshore oil investment.Dwight Ball says future decisions should be timely and based on good science - not pressure from what he called special interest groups.He made the comments to the National Advisory Panel on Marine Protected Area Standards....Read More
VANCOUVER - Shares in Nevsun Resources Ltd. gained more than 15 per cent in late-morning trading after it rejected an unsolicited $1.5-billion takeover offer by Euro Sun Mining Inc. that included Lundin Mining Corp.Nevsun said the offer failed to reflect the strategic value of its asset base and presented a problematic structure that could further undermine value to its shareholders.Shares in the...Read More
Telson Mining Corporation (TSXV: TSN) is a Canadian-based junior resource mining company, currently in pre-production at two Mexican gold, silver and base metal mining projects, and is advancing both towards commercial production, over the coming months of 2018. According to Ralph Shearing, President of Telson, the company is a new multi-mine producer in Mexico, delivering and selling metal concen...Read More
The good wife is in Las Vegas for work this week, leaving me home to be the bachelor. I've never much liked Vegas. It is shallow, rude, and noisy. It is a system set up to rob the stupid.And according to the latest numbers, it has undergone a tourist slump. For the first time in nine years, the numbers are down over last year.It seems that Las Vegas isn't what it used to be. When I first showed up...Read More
TORONTO - Royal Dutch Shell is selling its stake in Canadian Natural Resources Ltd. for about $4.3 billion.The sale of more than 97 million shares represents Shell's entire interest in Canadian Natural, a roughly eight per cent stake in the company.Shell said in a statement Monday night that proceeds from the sale will contribute to reducing net debt.The sale, which is being underwritten by Gold...Read More
Mayo Lake Minerals (MLM) is a private Ontario-based company that owns a 100 per cent interest in five claim blocks, presently consisting of 1,117 claims, in the Mayo Mining District of the Yukon. These claim groups all lie within the Tombstone Plutonic Belt of the Tintina Gold Belt (TGB). We learned from Tyrell Sutherland, VP of Exploration for Mayo Lake Minerals, that these are all brand new prop...Read More
May 8, 2018 (Investorideas.com Newswire) On the heels of its newly released prefeasibility report, a Canadian mining company gets the green light on fast production on its fully permitted and built Arizona gold mine where the company continues to make high-grade discoveries on its large land package.Kerr's Copperstone projectArizona ranks second in the U.S. for mineral production, with copper topp...Read More
SASKATOON - Nutrien Ltd. says a tough winter that slowed potash shipments to Canadian ports and a late spring start to planting season in Canada and the U.S. are responsible for a first-quarter net loss of $1 million.The company formed at the start of the year out of the merger of Potash Corp. and Agrium Inc. earned 16 cents per share in the three months ended March 31, missing analyst expect...Read More
Vancouver, British Columbia - May 8, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Pan Global Resources Inc. (TSXV: PGZ) ("Pan Global" or the "Company") The company is pleased to provide an update on exploration in the ??guilas Project in Andalucia, Spain. A new structure has been discovered with copper mineralisation and associated cobalt and silver identified over 1.8 km of strike so-far, a...Read More