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Pakistan Promises Retaliation, Makes Nuclear Threats After Indian Jets Bomb Its Territory

February 26, 2019 / marketsanity.com

"I want to assure you that the country is in safe hands," India's Prime Minister stated. "I vow that I will not let the country bow down."Continue...Read More

U.S. housing starts fall to more than two-year low

February 26, 2019 / marketsanity.com

U.S. homebuilding data showed construction of both single and multi-family housing falling to a more than two-year low in December as Continue...Read More

North Korea has been studying Vietnam's reforms for years

February 24, 2019 / marketsanity.com

Are pro-market economic reforms coming to North Korea? Or are they already here? North Korea's young leader has already allowed some markets in his country to developContinue...Read More

Oz Minerals annual profit slips but Prominent Hill project outperforms

February 26, 2019 / www.mining.com

Australia-based Oz Minerals on Wednesday said its underlying annual profit slipped, but a better-than-expected performance at its Prominent Hill project was expected to drive future growth.The copper-focused miner posted a 1 percent drop in underlying net profit after tax to A$228.3 million ($159.77 million) for the year ended Dec. 31, compared to A$231.1 million year ago, falling just shy of an A...Read More

Equinox Gold attracts $130m investment from Abu Dhabi

February 26, 2019 / www.mining.com

Equinox Gold (CVE: EQX) has attracted a $130m investment from Abu Dhabi's state-owned Mubadala Investment Co. in the form of convertible notes.The notes are for five years with a 5% interest rate convertible at $1.05 per share, a 25% premium to the 10-day volume weighted average Equinox share price. Mubadala will be granted a seat on Equinox's board and standard anti-dilution rights.Equinox plans...Read More

Mexico to renew 15% safeguarding duty on steel imports

February 27, 2019 / www.metalbulletin.com

The Mexican government has decided to renew a 15% safeguarding duty on imports of steel from countries with which it does not have free trade agreements.The safeguard is expected to be signed this week, and it will be valid for another six months, according to the country's economy secretariat.It will apply also on imports of products...Read More

'Loser' vs 'anemic': Barrick's Newmont bid starts on toxic note

February 26, 2019 / www.mining.com

Long-time rivals Barrick Gold Corp and Newmont Mining Corp renewed their animosity on Monday with their chief executives trading insults after Barrick launched an $18 billion hostile bid for the U.S. company, presaging an aggressive battle.The tough talk underscored deep personality and cultural differences between the world's two biggest gold producers. Their past attempts to merge ended in acrim...Read More

Goldcorp reveals names of three #DisruptMining finalists

February 26, 2019 / www.mining.com

Goldcorp has revealed the names of the three finalists that will pitch their ideas to the panel of judges at the #DisruptMining live finale Sunday, March 3 in Toronto. The event will be co-hosted by KPMG.The finalists - who are competing for the opportunity to negotiate up to $1 million investment in the winning technology - are:Anaconda Mining for its revolutionary drilling approach to narrow vei...Read More

UPDATE 2-Bank of England likely to help economy after no-deal Brexit - Carney

February 26, 2019 / www.kitco.com

* Carney: BoE to give whatever help it can if no-deal Brexit * Limits to ability of bank to support economy - Carney * BoE to speed up liquidity operations around Brexit date * Some MPC members sound cautious about post-Brexit response (Adds comments, background)By William Schomberg and David MillikenLONDON, Feb 26 (Reuters) - Bank of England Governor MarkCarney said on Tuesday the BoE would proba...Read More

OceanaGold reports maiden resource for WKP in New Zealand

February 26, 2019 / www.mining.com

OceanaGold Corp. (TSX: OGC; ASX: OGC) has published an initial resource estimate for its high-grade discovery at WKP, 10 km north of its Waihi gold mine in New Zealand.WKP contains 234,000 ounces of gold and 296,000 ounces of silver in the East Graben vein contained within 0.41 million indicated tonnes grading 18 grams gold per tonne and 22.7 grams silver per tonne.OceanaGold intends to drill 14,5...Read More

Anaconda initiates feasibility at Goldboro

February 26, 2019 / www.mining.com

Anaconda Mining (TSX: ANX; US-OTC: ANXGF) began a feasibility study on Goldboro in February that it expects to finish by the end of 2019. The study will incorporate results from 22,000 metres of diamond drilling the company completed in 2017 and 2018 as well as the ongoing bulk sample, and an updated mineral resource the company expects to table in 2019's third quarter.The company tabled an update...Read More

Harry Dent: Unemployment Rate a New Leading Indicator

February 25, 2019 / marketsanity.com

I'm always on the lookout for leading indicators that can give us an edge over erratic, irrational markets.There are a lot of them.Continue...Read More

Ex-Goldman banker may finish huge gold deal five years later

February 26, 2019 / www.mining.com

The man proposing to buy Newmont Mining Corp. in the world's biggest gold takeover is the same person who was blamed for the deal falling apart five years ago - Barrick Gold Corp. Chairman John Thornton.On Monday, Barrick went hostile in its bid to acquire Newmont in a $17.8 billion bid that values the Colorado-based gold miner at an 8 percent discount to Friday's close. The offer was blasted by N...Read More

Construction of Gold Mine in the Yukon Three-Quarters Complete

February 26, 2019 / www.theaureport.com

The explorer and developer intends to accelerate the schedule by one month. Victoria Gold Corp. (VIT:TSX.V) announced in a news release that construction of its Eagle gold mine is 75% complete after 1.2 million hours of work were put into it. The company is currently focusing on the mine starter pit along with the crushing, heap-leach and gold recovery facilities. "We are rapidly turning our att...Read More

Independent Testing of Near-Term Producer's Formulas Achieves Over 93% Gold Recovery

February 26, 2019 / www.theaureport.com

The company commissioned the study as part of its independent third-party validation program. An independent study of Enviroleach Technologies Inc.'s (ETI:CSE; EVLLF:OTCQB) extracting formulas achieved gold recoveries of over 93%, announced the company in a February 20 news release.EnviroLeach Technologies commissioned the study to AuTec a respected full-service metallurgical testing lab and pilo...Read More

Brazil's deadly dam collapse pushes miners to set global rules for tailings

February 26, 2019 / www.mining.com

The International Council on Mining and Metals (ICMM), a London-based industry group representing 27 major companies, said Tuesday it would set an independent panel of experts in charge of developing a global standard for tailings facilities to be followed by its members.The set of rules, it said, will be based on a review of current best practices in the industry, including key aspects such as a...Read More

British Columbia government creates new divisions to improve mine safety and promote investment

February 26, 2019 / www.mining.com

The British Columbia Ministry of Energy, Mines and Petroleum Resources announced this week it will now have two expanded mining divisions: the Mines Health, Safety and Enforcement Division and the Mines Competitiveness and Authorizations Division.The Canadian province is resource-rich, and home to Vancouver, the mining junior capital of the world.In a press release, the Ministry said that the new...Read More

Fiore Gold reports increase in Pan mine's production

February 26, 2019 / www.mining.com

Following the publication of modest 2018 results, when gold production barely reached the lower end of a guidance range of 35,000 to 40,000 ounces, Fiore Gold (TSXV: F) reported that its Pan mine in Nevada is expected to perform better in 2019.This week, the company issued a press release revealing that the open-pit operation located near the town of Eureka produced 9,765 ounces of gold in the fir...Read More

Barrick-Newmont merger would leave up to $7B of assets up for grabs

February 26, 2019 / www.mining.com

Canada's Barrick Gold's (TSX:ABX)(NYSE:GOLD) hostile $17.8 billion bid for rival Newmont Mining (NYSE:NEM) could free up a group of assets the combined company would no longer consider key, such as their Kalgoorlie super pit 50/50 joint-venture in Western Australia.After launching the offer on Monday, Barrick chief executive officer Mark Bristow said he had already been contacted by parties that...Read More

Fresnillo misses 2018 output targets, warns of challenging year ahead

February 26, 2019 / www.mining.com

Shares in Mexico-focused precious metals miner Fresnillo (LON:FRES) took a hit Tuesday after the company warned of possible lower prices, higher inflation and worsening foreign exchange rates in 2019.The company also disappointed investors by missing its long-term production target of 65 million ounces of silver, due mainly to lower than expected grades at its Fresnillo and Saucito mines.There we...Read More

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