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Granada gets high-grade gold by employing disruptive technology

March 19, 2019 / www.mining.com

Granada Gold Mine (TSXV: GGM) reported that it attained higher grades after running a preliminary gravity separation study on lower-grade, gold-bearing rock from its Granada Gold project in Rouyn-Noranda, Quebec.In a media statement, Granada said that the higher grades attained during the tests may have implications for the grade of future mill feed, the size of the gold deposit, and the costs ass...Read More

INEOS buys US titanium dioxide business from Tronox for $700m

March 19, 2019 / www.mining.com

British chemicals firm INEOS said on Tuesday it would buy Cristal's North American titanium dioxide business from Tronox for $700 million."This is a great opportunity for INEOS to enter the pigments market and become the second largest producer of titanium dioxide in the key North American market," Jim Ratcliffe, INEOS chairman said in a statement.($1 = 0.7524 pounds)(By Elisabeth O'Leary; Editing...Read More

Miner KGHM extends negotiations with union at Chilean copper mine

March 19, 2019 / www.mining.com

Miner KGHM will extend negotiations with a union at its Chilean copper mine Sierra Gorda, averting a strike, a union representative said on Tuesday.The company had until the end of Tuesday to request government mediation to help reach a deal with the union of 520 workers.(By Fabian Cambero and Cassandra Garrison; Editing by Sandra Maler)Read More

U.S. sanctions Venezuelan gold company for supporting Maduro

March 19, 2019 / www.mining.com

The U.S. Treasury on Tuesday imposed sanctions on Venezuela's Minerven state gold mining company which it says illicitly props up the regime of President Nicolas Maduro.Minerven, whose full name is Compania General de Mineria de Venezuela CA, and its president, Adrian Antonio Perdomo Mata, are now designated under the Office of Foreign Assets Control, or OFAC, the Treasury Department said. The com...Read More

Top Philippine nickel miner says 2019 ore sales steady, exports to China to fall

March 19, 2019 / www.mining.com

Nickel Asia Corp, the Philippines' top nickel ore producer, expects its 2019 shipments to be unchanged from last year, although it plans to increase its domestic sales to maximise profits, its chief financial officer told Reuters.Nickel Asia accounts for about half of the nickel ore output in the world's second-biggest supplier of the metal. Its ores are exported to customers in China and Japan, w...Read More

Cyber attack hits operations at aluminum maker Norsk Hydro

March 19, 2019 / www.mining.com

Norsk Hydro ASA, one of the world's biggest aluminum producers, suffered production outages after a cyber attack affected operations across Europe and the U.S.The company called the situation "quite severe" and was still working to contain the effects of the ransomware, a kind of malicious software that typically blocks access to a computer system unless a ransom is paid.Hydro couldn't detail how...Read More

Russia ban, Fiat Chrysler drive palladium price to new record high

March 19, 2019 / www.mining.com

Palladium prices were driven further into uncharted territory on Tuesday, briefly topping the $1,600 per ounce level on the back of an expected spike in demand from the auto sector just as top producer Russia considers banning scrap exports.The precious metal is trading more than 70% higher than this time last year.Reuters reports Russia is mulling a ban on the export of precious metals scrap and...Read More

Codelco copper smelter restart delayed - Chile mining minister

March 19, 2019 / www.mining.com

The reactivation of a smelter belonging to Chile's state-owned Codelco, the world's largest copper producer, will take more time than expected, the country's mining minister Baldo Prokurica said on Tuesday.The smelter, halted in December to undergo changes to bring it up to new emissions standards, has had its restart delayed because of issues related to Canadian construction firm SNC-Lavalin, c...Read More

Kinross takes 9.7% stake in Wolfden Resources

March 19, 2019 / www.mining.com

Wolfden Resources' (CVE: WLF) stock was up nearly 6% on Tuesday, after Kinross Gold (TSE: K) acquired 12.5 million shares at $0.20 a share -a $2.5 million investment - for a 9.7% stake in the junior exploration company.The two companies will form of a committee to explore Wolfden's 100%-owned Pickett Mountain volcanogenic massive sulphide (VMS) deposit in northeastern Maine.Wolfden describes Picke...Read More

Fed holding steady on rates may boost gold performance - report

March 19, 2019 / www.mining.com

Wednesday's Federal Reserve Open Markets Committee (FOMC) meeting is expected to confirm market expectations that the Federal Reserve will remain on hold for the rest of the year. This decision could have significant implications on the gold market, according to analysts at the World Gold Council (WGC).Monetary policy dictates gold priceHistorically, monetary policy has been a key catalyst for cha...Read More

Gold Stocks Outperform Gold but Not Stocks

March 20, 2019 / www.miningfeeds.com

In recent weeks we noted the bullish outlook for the stock market.Friday the S&P 500 as well as ACWX (global equity ETF ex US stocks) closed above resistance and made higher highs.Not surprisingly, as US and global equities have avoided a bear market (for the time being), precious metals have weakened. It's not a surprise that as Gold failed to breakout both the S&P 500 and global equities...Read More

How Tesla Inc Can Boost the Stock Price of Lithium Americas Corp (TSX:LAC)

March 20, 2019 / www.fool.ca

On March 16, Tesla Inc (NASDAQ:TSLA) took the internet by storm, revealing its long-anticipated Model Y, a fully-electric crossover with up to 300 miles of range. This model, of course, follows the Model 3, which quickly saw more than 250,000 pre-orders.If you watched the Tesla livestream during which Elon Musk unveiled the Model 3, you would have noted how the company views itself as the saviour...Read More

Do You Own Canada's Best Gold Stocks?

March 20, 2019 / www.fool.ca

One of the first places investors turn when the market is looking uncertain is gold, and with prices of the yellow stuff set to rise in 2019, it seems as good a time to check out what's on offer as any. Let's see how some of the best Canadian metals and mining stocks are doing on their market fundamentals right now, as well as in a few other areas of pertinent data, such as outlook and balance sh...Read More

Nervous About the Market? Invest in These 2 Gold Stocks for a Safe Haven

March 20, 2019 / www.fool.ca

With more and more economists talking about the dreaded R-word — recession — along with the weakening housing market and record consumer indebtedness, investors are right to be concerned. But we should not use this as a reason to be scared of investing.Over the long term, we have seen time and time again that markets rise and that remaining invested is the right choice. But we need to...Read More

Recession Risk: Should You Sell Your Resource Stocks?

March 20, 2019 / www.fool.ca

Commodity companies now trade at valuations that are extremely attractive, often at very low price-to-earnings (P/E) ratios or below book value. The investing world is littered with the corpses of commodity investors. Therefore, investors either need to be willing to hold these stocks for the long term or get out while the getting is good.A global recession could decimate commodity stocksDuring a...Read More

This State Will Legalize Weed In 10 Days

March 15, 2019 / www.outsiderclub.com

In 2017, New Jersey Governor Phil Murphy ran on the promise of legalizing weed in my home state.Now, he and a fresh wave of Democratic legislators are poised to follow through on their promise with the aim of legalizing pot on March 25."It's time," said State Senate President Stephen Sweeney.Indeed it is.Ten states - Washington, Colorado, California, Nevada, Alaska, Oregon, Maine, Michigan, Massac...Read More

3 Promising Mining Stocks Under $5

March 20, 2019 / www.fool.ca

The mining industry has been in a winner-take-all mode over the past few years.For example, the S&P/TSX Global Mining Index has been roughly flat over the past five years, eking out an increase of a few percentage points over the past 12 months. However, that index is almost completely comprised of huge companies with large-cap market sizes.Smaller mining stocks have slipped through the crac...Read More

Which TSX Index Miners Have the Highest Expected Growth?

March 19, 2019 / www.fool.ca

Alongside tech and Canadian cannabis stocks, mining has to be one of the best sectors on the stock market for high expected annual growth in earnings. From popular gold miners to some of the best known silver miners, with some lithium thrown in for good measure, here are six of the top high-growth metals and mining stocks on the TSX index.Goldcorp (TSX:G)(NYSE:GG)Rising since the end of October, G...Read More

How Yukon Became One Of Top 10 Mining Jurisdictions Globally

March 18, 2019 / www.kitco.com

Mar 20, 2019 Guest(s): Ranj Pillai Minister of Energy & Mines of the Yukon Government Yukon was ranked 9th in the world by the Fraser Institute for "investment attractiveness" in 2018, and according to Ranj Pillai, Deputy Premier and Minister Of Energy, Mines and Resources of Yukon, much of the strides made can be attributed to government policies. "Yukon has done a good job of telling its story...Read More

Wheaton Precious Metals exceeds 2018 production guidance, declares dividend

March 20, 2019 / www.mining.com

Wheaton Precious Metals, (TSE: WPM) one of the largest precious metals streaming companies in the world, announced record gold production and sales in 2018 and declared a $0.09 per share first quarter dividend for 2019 on Wednesday.In the fourth quarter of 2018, Wheaton generated almost $110 million in operating cash flow, bringing total operating cash flow for the year to over $475 million, fo...Read More

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