WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said Canadian-based mining company Kinross Gold agreed to pay $950,000 to settle civil charges that it failed to ensure its payments in Africa were not being used to bribe government officials.The SEC said in a statement Monday the company did little to verify payments to politically connected consultants and vendors - often made i...Read More
KATOWICE, Poland, March 26 (Reuters) - Poland's biggest mining firm, state-run PGG, expects its coal output to rise slightly this year from around 30 million tonnes in 2017, the company's Chief Executive Tomasz Rogala said on Monday."I think we will produce more than 30 million tonnes. This could be 30.6-30.7 million," Rogala told reporters.PGG, which accounts for about half of the amount of therm...Read More
Canada's Lundin Gold (TSX:LUG) has closed a $400-million financing that will help it complete the construction of its flagship Fruta del Norte gold project in Ecuador, expected to begin production in late 2019.The Vancouver-based company, which last month secured a $250-million investment from Newcrest Mining, which is part of the total announced today, said the Australian miner now owned 27.1%...Read More
Recent industrial closure shows automation vulnerabilitiesRead full newsRead More
Mr. Joe Campbell reportsTERRAX ANNOUNCES C$3.0 MILLION FINANCINGTerrax Minerals Inc. has entered into an agreement with PI Financial Corp. pursuant to which the underwriter will purchase, on a bought deal basis, 3.75 million units of the company at a price of 40 cents per unit and 2,678,572 flow-through units of the company at a price of 56 cents per FT unit, to raise aggregate gross proceeds of u...Read More
Silver producer Hecla Mining (NYSE: HL) is taking Montana environmental regulators to court for labelling the company and its top executive as "bad actors," while giving them 30 days to iron out a complaint that accuses them of violating the state's mine clean-up laws.The Montana Department of Environmental (DEQ) notice to the company, which could require it to pay up to $30 million, focuses on s...Read More
Commodities Analysis by Adam Hamilton covering: XAU/USD, Gold Futures, Copper Futures, VanEck Vectors Gold Miners. Read Adam Hamilton's latest article on Investing.comRead full newsRead More
Turns out, it may be easier to strike gold by growing green.Read full newsRead More
Barrick Gold Corp, the world's largest producer of bullion, cut the 2017 compensation for its top two executives to reflect a challengingRead full newsRead More
Kinross is the eighth National Mining Association member company to complete each step of the process.Read full newsRead More
Shares in Ecuador-focused miner SolGold (LON:SOLG) (TSX:SOLG) received a fresh boost on Monday, after it said it had found "strongly mineralized" extensions at its 85%-owned Cascabel copper-gold project, 180 km north of the country's capital Quito.The discoveries, the Australian miner said, are predicted to significantly increase Cascabel's high-grade resource tonnage. The project, located on th...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The INK CIN began last week with a spirited run and indeed broke higher as I posited in my prior blog. However, the Index hit a solid wall of resistance at 1294.31, (a mere two points above the upper Bollinger band) and cascaded downwards just as US markets went into correction mode. The...Read More
Kinross is the eighth National Mining Association member company to complete each step of the process.Read full newsRead More
This product isclassified as 'very high risk' in nature due to its location and geopoliticalsituation of the region. FinFeed advises that extra caution should be takenwhen deciding whether to engage in this product, however if you are not surewhether it is suitable for you we suggest you seek independent financialadvice.West Africa-focused goldexplorer, Cora Gold (LON:CORA), hasupdated the market...Read More
Reedy LagoonCorporation Limited (ASX:RLC) today provided an update on lithium drilling atits wholly-owned Columbus Salt Marsh Project in Nevada, USA. Extensive volcanicash deposits have been intersected in the current drill hole, indicatingprospectivity for lithium, while the presence of brine has been confirmed inaquifer above the Target Zone. The ColumbusSalt Marsh Lithium Brine Project is one...Read More
ASX gold explorer, Stonewall ResourcesLimited (ASX:SWJ), this morning updated the market regarding ongoing work atits TGME gold project in South Africa, reporting strong progress.The current diamond drilling program at the Theta Hill prospect has targeted shallow open-cutresources. This phase of drilling is expected to be completed in late April, witha second diamond rig expected to arrive on site...Read More
When it comes to gold stocks, the first names that tend to come to mind are the large players: Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) and Goldcorp Inc. (TSX:G)(NYSE:GG). Yet they haven't done well; their stocks are still substantially lower than they were five years ago. Barrick Gold is ~40% lower, and Goldcorp is ~45% lower.What about from a year ago? Barrick Gold is ~38% lower, and Goldcorp is...Read More
It feels like were at the point in the "correction" cycle in which the mining stocks are reluctantly going lower. I also believe that aggressive hedge funds looking to buy at this level are trying to push the stocks down in early trading in order to induce remaining weak hands to sell in their bids. Tuesday (March 20th) is a perfect example. Several of the stocks I own were hammered early and then...Read More
The spot gold price shot up to a five-week high earlier today just above US$1,250 an ounce over trade war concerns, with gold equities benefitting accordingly.Staff reporterGold price rises on trade war fears26 MARCH 201826/03/2018commentsshareThe gold price has risen about $20/oz since Thursday when US president Donald Trump signed a presidential memorandum that could impose tariffs on Chinese im...Read More
Copper was most definitely on the sales rack last week after fears of a global trade war saw the red metal lose 3.1% of its value.Staff reporterSales season: The copper selloff was overblown, according to Barclays Capital26 MARCH 201826/03/2018commentsshare While the US imposing tariffs on approximately US$60 billion of Chinese imports and China reciprocating with plans to enact its own duties on...Read More