"Coolgardie Minerals (ASX:CM1) has begun gold ore production at its Geko mine near Coolgardie, Western Australia. https://t.co/PerD0C5KiC #mining #gold #investing"Read full newsRead More
"Zimplats, a subsidiary of Impala Platinum, posted a 4-percent increase in its platinum, palladium, rhodium and gold production for the third quarter. https://t.co/DbMZqUXMLK #preciousmetals #platinum #rhodium #gold"Read full newsRead More
Following two failed attempts to come to an agreement on purchasing Centerra's Kumtor mine, Chaarat has pulled its C$2-billion offer.Read full newsRead More
Ely Gold Royalties (TSXV:ELY, OTC:ELYGF) (Read full newsRead More
Deer Horn Capital (CSE:DHC) (the "Company" or "Deer Horn"), announces that it intends to raise up to $500,000 by way of a non-brokered private placement (theRead full newsRead More
Enforcer Gold Corp. (TSXV:VEIN) is pleased to provide its shareholders with further details on the McKenzie Gold project located in the Red Lake Gold Camp of northwestern Ontario.Read full newsRead More
"Goldplay Reports High-Grade Silver-Lead-Zinc-Gold Mineralization from Sampling of a Re-opened Historical Tunnel at San Marcial; Including 13 Meters @ 1,048 gpt AgEq @goldplay_gply https://t.co/xwQ3OUmT9L"Read full newsRead More
Hard hit by falling metals prices, Colorado Springs-based mining company Gold Resource Corp. lost $781,000 in the third quarter, compared with a $4.58 million profit a year earlier.Read full newsRead More
A New York federal judge confirmed an arbitral award totaling $23.1 million issued against two connected mining companies for allegedly breaching a settlement agreement with a U.S.-based gold mining company, entering default judgment against the two companies for their failure to respond to the petition.Read full newsRead More
With the Basic Materials sector poised to log strong growth in the third quarter, it will be interesting to see how miners Alamos Gold and First Majestic Silver fare when they report quarterly results.Read full newsRead More
Ecuador, the world's shining light for copper prospects, aims to more than double the value of mining to its economy by 2021 and is seeking more joint venture partners for its state-owned mining company, a senior government official said on Thursday.Ecuador is being hailed as the biggest potential new source of supply of the metal used in renewable energy. Copper is number 1 on every miner's must-...Read More
South African miner Gold Fields (NYSE, JSE:GFI) revealed Thursday the biggest union at its massive, but struggling South Deep mine is going on strike on Friday over the company's planned job cuts, which Chief Executive Officer Nick Holland has called a "last-gasp measure."The gold miner is axing about 1,100 jobs, almost third of the workforce at the mine - its only one left in South Africa - a...Read More
Canadian miner Hudbay Minerals (TSX, NYSE: HBM) has shrugged off some shareholders concerns about the company not being in position to buy new assets, and announced the acquisition of Mason Resources (TSX:MNR) for C$31 million (about $24m).Disclosing the deal after the market closed on Wednesday, Hudbay president and chief executive officer Alan Hair said that while the company believed the most...Read More
What does the glamour of motor racing, renewables and mining have in common? According to Antofagasta's Chief Executive Officer Ivan Arriagada, quite a bit."One of the things that has happened in Chile is that we've seen a significant transformation in the energy world towards renewables and in our case we've increased our percentage of power that comes from renewables."Today around 21 per cent o...Read More
The absence of an effective global mineral data exchange and cumbersome Government bureaucracies for managing tenement rights as two examples of how mining is still stuck in models that have their roots in the nineteenth century according to Grant Lenaarts, CEO of Mineral Assurance - an Australian start-up keen to bringing the power of blockchain to the global mining industry."While the world ha...Read More
The gold price has remained relatively stable at around US $1200 and $1400 an ounce since 2013, so why is the GDX Index, which measures the performance of the largest gold producers, currently down 70 per cent?Speaking at IMARC in Melbourne, Evolution Mining Executive Chair Jake Klein said the harsh truth for the industry is there hasn't been a sufficient return for investors."I started in the g...Read More
Northern Star Resources Executive Chairman Bill Beament has capped of a remarkable period of success for the company by being awarded the Mines and Money Legend in Mining at the International Mines and Resources Conference in Melbourne.Mr Beament joins industry luminaries such as Andrew Forrest, Robert Champion de Crespigny and Jake Klein in receiving the prestigious award, which recognises except...Read More
AMSTERDAM, Nov 1 (Reuters) - ArcelorMittal, the world's largest steelmaker, expects its financial results to improve in the coming months as global economic growth drives demand and U.S. tariffs lead to higher prices for the metal.Arcelor reported a 42 percent year-on-year increase in third-quarter core profit (EBITDA) to $2.73 billion, roughly in-line with analyst expectations, while sales rose 5...Read More
Panasonic Corp. is on the verge of turning a profit at the giant U.S. battery factory it operates with Tesla Inc., finally yielding returns for a Japanese company shelling out billions to make power cells for Elon Musk.Panasonic already makes money on batteries for the Model S and Model X, which it produces domestically, President Kazuhiro Tsuga said in an interview. It's now ramping up output at...Read More
Top global miner BHP on Thursday said it would buy back shares and pay a special dividend to return $10.4 billion to shareholders, sticking to a promise to hand back all of the proceeds from the sale of its U.S. shale business.Investors cheered the massive return and the split between a $5.2 billion off-market buyback and a $5.2 billion special dividend, sending BHP's Australian shares up as much...Read More