South Africa's Association of Mineworkers and Construction Union (AMCU) on Tuesday called on its members at Sibanye-Stillwater's platinum operations to embark on a secondary strike over job cuts and wages.Sibanye-Stillwater last week said that it could cut nearly 6,000 jobs in a potential restructuring of the company's gold mining operations - where AMCU has been on strike since mid-November over...Read More

South32 could cut about 500 jobs at its Hillside aluminium smelter in South Africa's coastal province of KwaZulu-Natal, trade union Solidarity said, in a restructuring the company said is designed to reduce costs and help it contend with volatility in commodities markets.The Australia-listed company is planning to cut 500 of the 1,300 employees at the Hillside site, Solidarity said on Tuesday."The...Read More

Wolfden Resources, headquartered in Thunder Bay, Ont., has the results of diamond drilling at its 100% owned Orvan Brook property near Bathurst. The property is only 15 km from the active Caribou zinc-lead mine.A longitudinal section of the Orvan Brook deposit. (Image: Wolfden Resources)The company drilled 10 holes - four on the West lens and six on the East lens - for a total 0f 2,649 metres late...Read More

The new President and CEO of Barrick Gold (NYSE:GOLD)(TSX:ABX), Mark Bristow, said the company wants to strengthen its partnership with the government and local communities of Papua New Guinea where the Porgera gold deposit is located.Barrick and Zijin Mining Group each own a 47.5% interest in the Porgera Joint Venture, while Mineral Resources Enga owns the remaining 5% interest. At present, the f...Read More

Roughly one year ago and prior to that we observed that the gold stocks could be following the recovery template from what we deemed a "mega bear market."We define that as a bear market that is over two and a half years in time and over 80% in price. It cuts both ways.The gold stocks from 2011 to January 2016 had declined more than 80% and for more than four years. It was a textbook mega bear mark...Read More

Teck Resources Ltd (TSX:TECK.B)(NYSE:TECK) has an iffy record of rewarding shareholders.Over the past 13 years, despite several surges of 50% or more, Teck Resources has delivered a total return of around 0% despite building a business that surpassed $12 billion in revenues last year with roughly $4.4 billion in cash flow from operations.With such scale and cash flow, why has Teck Resources strug...Read More

The recovery in gold prices continues to pick up steam, and that has investors searching the market for the best gold stocks to buy ahead of additional gains for the yellow metal.Let's take a look at the current situation and see if this might be a good time to add gold stocks to your portfolio.Gold supportGold currently trades near US$1,350 per ounce, which isn't far off the five-year closing hig...Read More

Canadian junior Black Iron Inc.'s (TSX: BKI; US-OTC: BKIRF) shares soared over 35% Wednesday, after announcing it had signed memorandum of understanding (MOU) with mining giant Glencore (LON: GLEN).The companies are in talks to finance construction of Black Iron's Shymanivske iron ore project in the Ukraine, and are set to begin formal negotiations on the financing-offtake package.The MOU en...Read More

Precious metals continue to garner considerable interest from investors. While gold has performed strongly in recent months, surging to US$1,340 per ounce, it is palladium which has shot out the lights. The precious metal, which belongs to the platinum group metals and is valued for its catalytic properties, has gained a whopping 50% over the last year, recently soaring to a record high of US$1,50...Read More

These days, Americans are so busy fighting among themselves, they've completely lost sight of our most dangerous enemies.And that's why you're missing the gravest threat to the United States today...The real plot to destroy America.Fox News and CNN don't report on it.The New York Times and Washington Post ignore it.And the average American is completely clueless about the danger they face.But the...Read More

Lundin Gold (TSX:LUG) is a member of the Lundin Group of Companies. You may recognize one of its sister companies, Lundin Mining.While some analysts are calling for Lundin Mining shares to go on steroids, what does that future hold for Lundin Gold?2019 will be a pivotal yearHeadquartered in Vancouver with a corporate office in Ecuador, Lundin Gold is developing the Fruta del Norte gold project,...Read More

Katanga Mining (TSX: KAT; US-OTC: KATFF) lost $116 million in 2018's fourth quarter to end the year with $13.4 million in gross profit, a result of temporary cobalt sale suspensions, higher reagent costs at its Luilu metallurgical plant and increased mine infrastructure and support costs.The company says its fourth quarter loss was partly offset by higher copper sales in the quarter.The company re...Read More

The Mining Association of Canada is introducing a new standard, the Water Stewardship Protocol, as part of its Towards Sustainable Mining initiative. Miners that follow the protocol will improve their environmental performance and sustainability practice.The development of the Water Stewardship Protocol came as a result of years of work and consultation by industry experts and stakeholder groups,...Read More

CSA Global and the Prospectors and Developers Association of Canada announced the winners of the Joan Bath and Peter Howe bursaries. The awards will be presented at the PDAC convention in Toronto during the student-industry networking lunch on March 4, 2019.Rebecca MontsionThe recipient of the Joan Bath award is Rebecca Montsion. She is studying the integration of specialist knowledge and computer...Read More

Montreal-based Osisko Metals has released the maiden resource estimate for its Key Anacon and Gilmour South deposits, collectively the Eastern Bathurst Mining Camp (EBMC) project. The properties are located south of Bathurst.With a 5.5% zinc equivalent cut-off, indicated resources in the Key Anacon Main and Titan zones total 2.0 million tonnes grading 5.77% zinc, 2.38% lead, 0.22% copper, and 68.9...Read More

Roughly one year ago and prior to that we observed that the gold stocks could be following the recovery template from what we deemed a "mega bear market."We define that as a bear market that is over two and a half years in time and over 80% in price. It cuts both ways.The gold stocks from 2011 to January 2016 had declined more than 80% and for more than four years. It was a textbook mega bear mark...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished higher Wednesday following the release of minutes from the January meeting of the Federal Reserve's rate-setting committee. CVS Health Corp. (CVS)  posted stronger-than-expected fourth-quarter earnings but its 2019 profit guidance fell far short of Wall Street forecasts. The stock&n...Read More

Europe frets over the stability of Indonesian tin supply, China sees less product coming from Myanmar and US buyers are trying to wait out the current high tin prices. Europe mulls how to make up for lost Indonesian supply Chinese premiums flat while import window closed US sees little spot buying, with buyers said to be waiting for rising LME tin prices to subside.European premiums flatIn Europe,...Read More

Shanghai zinc premiums softened over the past week on low spot interest due to import losses and a backwardation in London Metal Exchange price spreads, while lead premiums were largely unchanged across the globe, Fastmarkets heard on Wednesday February 20. Shanghai zinc market saw transactions at a lower premium, and import losses hovered around $100 per tonne. The contango of zinc spreads in mid...Read More

Copper's three-month price on the London Metal Exchange was up over 1% at the close of trading on Wednesday February 20, breaching $6,400 per tonne for the first time since July 2018 amid high volumes and dwindling LME stocks. Total volumes traded in copper led the complex with more than 21,000 lots changing hands by the close, the most since January 4. Despite significant buying over the aft...Read More