Barrick Gold's founder and chairman emeritus, Peter Munk, passed away Wednesday, peacefully and surrounded by his family at the age of 90.Munk, an iconic Canadian entrepreneur and philanthropist, was born in Budapest in 1927. When the Nazis invaded Hungary in 1944, he escaped with his family, ultimately arriving in Toronto in 1948 at the age of 20.Even though he didn't have social connections or a...Read More
Canadian miner Kinross Gold (TSX:G) (NYSE:KGC) may soon make a decision about whether or not to restart operations at its La Coipa gold and silver mine in northern Chile, as it expects to receive the remaining permits to resume mining by July.Operations at La Coipa mine, located in Chile's Atacama Region, were halted in 2013, when the targeted orebody run out of riches. But the results of a pre-f...Read More
South African DRDGold approved Wednesday a deal proposed by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) to exchange some its assets for a 38% stake in the mid-tier gold miner.The transaction, valued at R1.3 billion (roughly $110 million at today's rates), also gives Sibanye the option to buy another 12.1% of DRDGold shares - enough to give it control of the firm.The assets the precious metals produc...Read More
Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,169.94, down 46.24 points)Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 50 cents, or 5.25 per cent, to $9.03 on 10.5 million shares.Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down five cents, or 1.32 per cent, to $3.74 on 9.4 million shares.Crescent Point Energy (TSX:...Read More
They say the United States is in a lot of debt - $21 trillion worth of debt is what they write in the papers...Is that a lot? It sounds like a lot, but how do we know?In the U.S.A., 1 trillion is 1,000 billion. To write it out, a billion is 1,000,000,000, and a trillion is 1,000,000,000,000. To put this in perspective, the total output of the U.S., the combined forces of 320 million people bust...Read More
I know a thing or two about profiting from battery metals.Back in 2015 - before "lithium mania" hit - I got readers into a little lithium junior for C$0.15.That company, Lithium X, was just acquired by a Chinese firm for C$2.61 - a return of as much as 1,640% on our money.The next year, when lithium started making mainstream headlines, we got Millennial Lithium (TSX-V: ML) at C$0.65. Those shares...Read More
TomaGold Corporation (TSXV:LOT), a gold junior, climbed after announcing that IAMGOLD Corporation released results of the first mineral resource estimate for the Monster Lake joint venture projectSean Mason | March 28, 2018 | SmallCapPowerA resource with 'monster' grades sent a few speculators running to buy shares of a gold junior Wednesday. Here's some small stocks making big moves on Wednesd...Read More
The cryptocurrency mining stocks on our list appear to be unfairly punished by the sector selloff and could represent solid value should prices rallySmallCapPower | March 28, 2018: Cryptocurrencies remain in flux, with Bitcoin shifting between US$7,500 and US$11,500 over the past two months. Public interest in Blockchain and cryptocurrencies has also declined, with Bitcoin volumes falling by 41% s...Read More
Hut 8 Mining Corp. (TSXV:HUT) is currently the world's largest publicly-traded cryptocurrency miner based on funded and under-construction computing capacity.SmallCapPower | March 28, 2018: Hut 8 Mining Corp. (TSXV:HUT), backed by billionaire investor Mike Novogratz and partner BitFury Group, is the world's largest publicly-traded cryptocurrency miner. The Company operates ~100,000 machines, repre...Read More
CBLT Inc. (TSXV:CBLT) has a large portfolio of cobalt projects throughout CanadaAngela Harmantas | March 28, 2018 | SmallCapPower: The astounding rise in cobalt prices over the past two years has caught many mining insiders by surprise. Thanks to market foresight and some savvy business deals, Canadian junior CBLT Inc. (TSXV:CBLT) has already created value for shareholders by acquiring several cob...Read More
While accepting the Nobel Peace Prize in 2016, Colombian President Juan Manuel Santos said, "The manner in which this war against drugs is being waged is equally or perhaps even more harmful than all the wars the world is fighting today, combined."The death toll from the drug war is much less than the actual warfare throughout the world. However, his sentiment is quite appropriate because a signi...Read More
Via Sovereignman.comI'm doing my best to take a few days off this week, and have the pleasure of spending time with some friends here in a fairly remote corner of Vietnam's magnificent coastline.This is one of the most pristine places I've ever been- a high-end resort nestled at the top of a mountain in the middle of nowhere overlooking Vietnam's postcard-perfect Vinh Hy Bay.I've traveled extensiv...Read More
While accepting the Nobel Peace Prize in 2016, Colombian President Juan Manuel Santos said, "The manner in which this war against drugs is being waged is equally or perhaps even more harmful than all the wars the world is fighting today, combined."The death toll from the drug war is much less than the actual warfare throughout the world. However, his sentiment is quite appropriate because a signi...Read More
Via Sovereignman.comI'm doing my best to take a few days off this week, and have the pleasure of spending time with some friends here in a fairly remote corner of Vietnam's magnificent coastline.This is one of the most pristine places I've ever been- a high-end resort nestled at the top of a mountain in the middle of nowhere overlooking Vietnam's postcard-perfect Vinh Hy Bay.I've traveled extensiv...Read More
As Switzerland's attorney general examines the mining company's operations, Rio Tinto continues to make progress at its Oyu Tolgoi mine.Read full newsRead More
Fortune Minerals Limited (TSX:FT) (OTCQX:FTMDF) ('Fortune' or the 'Company') (www.fortuneminerals.com) is pleased to provide an update on the progress of its 100% owned NICO Cobalt-Gold-Bismuth-Copper Project in Canada ('NICO Project'). The NICO Project is a development stage primary cobalt asset consisting of a planned mine, mill and concentrator in the Northwe...Read More
CloseGain/LossGold $1344.30-$8.60Silver$16.51-$0.18XAU81.25-1.52%HUI176.28-1.50%GDM617.49-1.30%JSE Gold1118.05-11.81USD89.39+0.34Euro124.04-0.50Yen95.00UNCHOil$65.25-$0.3010-Year2.781%-0.065T-Bond145.75+1.03125Dow23857.71-1.43%Nasdaq7008.81-2.93%S&P2612.62-1.73% The Metals: Gold fell $13.70 to $1340.20 in midmorning New York trade before it bounced back higher into the close, but it still...Read More
European Prospect GenerationRead full newsRead More
Luis Canepari, Goldcorp's vice president, technology, reflects on this year's #DisruptMining competition and shares what he'd like to see next year.Read full newsRead More