UC Rusal saw an 18.6% year-on-year increase in its third-quarter earnings due to a recovery in sales after the extension of the company's general licenses by the United States Department of Treasury, the aluminium producer said.The company's quarterly earnings before interest, taxes, depreciation and amortization (Ebitda) rose to $2.92 billion in the July-September 2018 period, up from $2.46 billi...Read More
After falling as low as 14,639.70 in late October 2018, Canada's benchmark index rebounded to end the trading week up 1.55% to 15,119.28. The S&P/TSX Global Mining Index rose 5.9% to 65.73 and the S&P/TSX Global Gold Index rose 3.1% to 166.28. The price of gold fell 0.04% to US$1,232.20.Shares of Mason Resources rose 146% to 40 ? on news that Hudbay Minerals would acquire the remaining 86% of its...Read More
In one of the few exploration projects it is funding next year, Cameco Corporation (TSX: CCO; NYSE: CCJ) and its joint-venture partners Orano Canada and Purepoint Uranium (TSXV: PTU) are planning a 36 km ground electro-magnetic survey and 6,000 metres of diamond drilling at their Hook Lake uranium project in Saskatchewan.Cameco owns 39.5% of the project in the province's Patterson uranium district...Read More
IAMGOLD (TSX: IMG; NYSE: IAG) is considering two mine plan scenarios at its Sumitomo Metal Mining (TYO: 5713) joint-ventured C??t?(C) gold project in northern Ontario, according to a feasibility study the company recently announced.The base case open pit mine plan outlines a US$795 million after-tax net present value (NPV) at a 5% discount rate and a 15.2% after-tax internal rate of return (IRR)....Read More
Less than a month after Northern Vertex Mining Corp. (TSXV: NEE; US-OTC: NHVCF) signed a US$8.5 million silver stream financing with Maverix Metals (TSXV: MMX), the company has reached a deal with existing shareholder Greenstone Resources for an unsecured working capital facility of up to US$10 million.The facility from Greenstone, a private equity fund specializing n the metals and mining space,...Read More
JOHANNESBURG, Nov 5 - AngloGold Ashanti Ltd and its joint venture partner are looking at selling a mine in Mali after failing to reach an agreement with the west African country about an investment project, the company said on Monday.The news came as AngloGold, Africa's biggest gold miner by output, said it expected full-year production to reach the upper end of its guidance range, helping to push...Read More
TORONTO, Nov 5 - If all goes according to plan, Barrick Gold will have fewer mines and workers one year after acquiring Africa-focused Randgold Resources, the Canadian miner's executive chairman said on Monday, as its investors approved the deal.Votes were 99.8 percent in favor of the $6.1 billion, no-premium transaction, Barrick said, confirming a Reuters report. After Randgold's Nov. 7 vote, the...Read More
HARARE, Nov 5 - Zimbabwe will announce in two weeks the successful bidders for assets owned by state-owned mining company ZMDC, including gold mines, the mines minister said on Monday, adding more companies would be put on sale at the end of November.Selling struggling state-owned companies, known locally as parastatals, is part of President Emmerson Mnangagwa's wider reforms to cut government exp...Read More
Lara Exploration (TSXV: LRA) and Capstone Mining Corp (TSE: CS) signed a Letter of Intent granting the latter an exclusive option to earn up to a 70% interest in the Lara's Planalto Copper Project.Planalto is a 4,726-hectare property located in the Caraj??s Province of northern Brazi, near Vale's Sossego copper mine and Oz Minerals Antas copper mine. The exploration licenses cover meta-volcano-sed...Read More
LOS CEDROS, Ecuador, Nov 5 - Ecuador is facing a lawsuit this week for giving mining companies exploration rights to a protected forest in one of the country's most biodiverse regions without local consultation.Brought by the local Cotacachi government, the lawsuit requests the regional court place an injunction on all mining activity within Los Cedros in the Intag Valley, a lush area of rivers an...Read More
Some NUM members intimidating other employees, causing damageRead full newsRead More
"Brazil-focused explorer Crusader Resources has raised A$1M as it tries to lift suspensions from #AIM and the #ASX, although lost its Nomad in the process ($) | https://t.co/PcrWAwNrL2 $CAS"Read full newsRead More
New forms of government intervention likely to top tax hikes as the key DRC worry for minersRead full newsRead More
Adding to its recent woes, Apple signaledRead full newsRead More
"Monster: NexGen Announces 64% Increase in Average Annual After-tax Cash Flow in PFS, After Tax NPV of $3.7BN, 43% Increase in Indicated Resources, and Initiates the Largest Drill Campaign in Company's History to Expedite Arrow to Feasibility #uranium https://t.co/iYecTE004V"Read full newsRead More
"Die ultra-expansive Geldpolitik der #Notenbanken neigt sich in 2018 vorerst zu Ende. Es laufen bereits die Wetten, wie lange der Markt ohne gro??e Liquidit??tsspritzenRead full newsRead More
"Die ultra-expansive Geldpolitik der Notenbanken neigt sich in 2018 vorerst zu Ende. Es laufen bereits die Wetten, wie lange der Markt ohne gro??e Liquidit??tsspritzenRead full newsRead More
Despite additional easing and a 403.5 billion yuan 1-year maturity MLF operation, yuan is tumbling along with China (and Hong Kong stocks) following an ugly Caixin Composite PMI print (the weakest since June 2016).Read full newsRead More
"Khiron Life Sciences (@KhironLife) (#TSXV: $KHRN // #OTCQB: $KHRNF) Applauds Gov. of Mexico on Announcing Guidelines for the Production & Import of Medical #Cannabis Products [https://t.co/jgoOA7RdK8]#POTstocks #investing #stocks #stockmarket #trading #investors #news"Read full newsRead More
"PreveCeutical (@Preveceuticals) (#CSE: $PREV // #OTCQB: $PRVCF) Applies its Proprietary #Extraction Protocol for Medical #Cannabinoids to 2 More #Cannabis Strains [https://t.co/5gEFAIXLWi]#POTstocks #investing #stocks #stockmarket #trading #investors #news #investing #business"Read full newsRead More