Miners operating in the Democratic Republic of Congo submitted Thursday a new proposal for the government related to the recently passed new mining code, which substantially increases the cost of doing business in the central African nation.The likes of Glencore, Randgold, Zijin, China Molybdenum and Ivanhoe, among others, are suggesting a sliding scale of royalty rates for key commodities instead...Read More
South Africa's Gold Fields (JSE, NYSE: GFI) and Canada's Asanko Gold (TSX: AKG) are teaming up to develop one of Ghana's newest gold mine, the Asanko Gold Mine (AGM), is located in the country's Ashanti Region.As part of the deal, Gold Fields is acquiring a 50% stake in Asanko's local subsidiary, which gives it a 90% ownership in AGM, for a total of $203 million. The Vancouver-based firm is also g...Read More
Mid-tier gold and copper miner Aura Minerals (TSX:ORA) announced that it is working towards reactivating its Aranzazu and S??o Francisco gold projects in Mexico and Brazil, respectively.During a conference call held to announce its consolidated financial statements for the years ended December 31, 2017 and 2016, President and CEO Rodrigo Barbosa said that besides making efforts to bring the mines...Read More
President Trump wants to start executing drug dealers...In order to fight the ongoing opioid crisis - which kills tens of thousands of Americans annually - Trump has threatened to start actively killing the people providing the drugs."Some countries have a very, very tough penalty. The ultimate penalty," Trump said last month. "And, by the way, they have much less of a drug problem than we do. So...Read More
Sibanye-Stillwater (SJ:SGL) and the University of Witwatersrand's Wits Mining Institute (WMI) have launched the Sibanye-Stillwater Digital Mining Laboratory (DigiMine) to assist in creating safer mining environments.Staff reporterThe DigiMine initiative at Wits University29 MARCH 201829/03/2018commentsshareWMI said the launch advanced the application of digital technologies in support of safer and...Read More
Asanko Gold Inc. (TSX:AKG), a junior gold miner, jumped after announcing it will receive US$185 million from Gold Fields Limited for a 50% interest in its Asanko Gold MineSean Mason | March 29, 2018 | SmallCapPowerA joint venture with a big gold producer pushed shares of a junior gold miner sharply higher Thursday. Here's some small stocks making big moves on Thursday, March 29, 2018 (as of 4...Read More
Aurora Cannabis Inc. (TSX:ACB) continues to focus on enhancement and expansionSmallCapPower | March 29, 2018: Aurora Cannabis Inc. (TSX:ACB), headquartered in Vancouver, BC, produces and distributes medical marijuana products in Canada. The Company's core business focuses on sales of dried cannabis and cannabis oil. Also, Aurora Cannabis provides counseling and outreach services to assist patients...Read More
The Canadian stocks on our list have generated superior month-over-month returns as well as a surge in trading volumeSmallCapPower | March 29, 2018: TSX-listed stocks have slightly outperformed their U.S. counterparts over the past month, with the TSX declining 2% M/M, while the Dow Jones decreased 4% over the same period. The Canadian stocks on our list today have seen a sharp increase in investo...Read More
Peekaboo Beans Inc. (TSXV:BEAN) recorded the biggest jump in stylist recruitment in the Company's history in January along with a 108% year-over-year surge in salesVasudha Sharma | March 29, 2018 | SmallCapPower: 2018 is proving to be a good year for Peekaboo Beans Inc. (TSXV:BEAN), a Canadian children's apparel brand that sells active play-wear through a direct-sales network of independent sales...Read More
The justice system is far from blind. And that is the point.The people in control exercise power by deciding when the rule of law is applied, and when it’s suspended.The other day we discussed how some people get 25 years in prison for driving while intoxicated, while others–law enforcement–only get probation for full-blown rape of a prisoner.But the government also gets to manip...Read More
The justice system is far from blind. And that is the point.The people in control exercise power by deciding when the rule of law is applied, and when it’s suspended.The other day we discussed how some people get 25 years in prison for driving while intoxicated, while others–law enforcement–only get probation for full-blown rape of a prisoner.But the government also gets to manip...Read More
CloseGain/LossGold $1325.70-$18.60Silver$16.29-$0.22XAU79.64-1.97%HUI172.78-1.99%GDM605.54-2.00%JSE Gold1131.25+13.20USD90.13+0.74Euro123.06-0.98Yen93.56-1.44Oil$64.38-$0.8710-Year2.773%-0.008T-Bond145.8125+0.1875Dow23848.42-0.04%Nasdaq6949.23-0.85%S&P2605.00-0.29% The Metals: Gold saw slight gains in early Asian trade, but it then fell back off for most of the rest of the day and ended ne...Read More
- Eurozone threatened by trade wars, Italy and major political and economic instability- Trade war holds a clear and present danger to stability and economic prospects- Italy represents major source of potential disruption for the currency union- Financial markets fail to reflect the "eurozone time-bomb" in Italy- Financial volatility concerns in Brussels & warning of 'sharp correction' on horiz...Read More
Looking for the best gold stocks? These TSX-listed gold companies have seen the biggest year-to-date gains so far in 2018.Read full newsRead More
Mid-tier gold and copper miner Aura Minerals (TSX:ORA) announced that it is working towards reactivating its Aranzazu and S??o Francisco gold projects in Mexico and Brazil, respectively.During a conference call held to announce its consolidated financial statements for the years ended December 31, 2017 and 2016, President and CEO Rodrigo Barbosa said that besides making efforts to bring the mines...Read More
FTSE 100 closes up 44 ptsDow Jones up but Nasdaq and S&P lose groundShire up 14% on Takeda bid approach newsFTSE 100 managed to close in positive territory as Wall Street was mixed and the pound strengthened.The UK blue-chip index finished over 44 points higher at 7,044, but big miners tempered gains.In contrast, the mid-cap FTSE 250 shed over 32 points to close at 19,356.Fiona Cincotta,...Read More
Lawrence Roulston of WestBay Capital Advisors shares his thoughts on the resource space and the companies he's involved in at the moment.Read full newsRead More
Edmonton-based Grizzly Discoveries announced its intentions to purchase the cobalt-copper-silver "Robocop Property," located within the Fort Steele Mining District in southeastern British Columbia.In detail, the property is located east of the company's Greenwood property or approximately 45 kilometres south of the town of Fernie, immediately north of the Canada-US border. Robocop is comprised of...Read More
Momentum Public Relations Blog: March 26 2018 Some of us know a little, some of us know a lot, but most of us haven't got the foggiest notion of what a Bitcoin or a cryptocurrency is. If you follow the news, you will have noted that media coverage is increasing. On Thursday March 15 thRead full newsRead More
G4S PLC (LON:GFS) was a gainer in late afternoon trading, ahead 1.3% to 245.3p as HSBC Securities upped its stance on the support services firm to 'hold' from 'reduce', with an increased target price of 245p from 230p, citing valuation grounds.In a European sector review entitled 'Cash and Security', the global bank's analysts said: "With potential for delays in contract conversion, and wage infla...Read More