The M&A battle among the world’s biggest gold diggers intensified this week, with Barrick bearing its teeth in a US$18 billion hostile bid for arch rival Newmnont. The move was immediately blasted as “desperate” and “bizarre” by Newmont’s CEO, Gary Goldberg. He suggested the “at market valuation” offer - actually a discount to recent sha...Read More
Jim Cramer talks with Barrick Gold CEO Mark Bristow about his company's bid for Newmont Mining.Read full newsRead More
"NEWS! Metallurgical testing at our PEA-stage Baptiste deposit achieves significant improvements in recovery and grade, including the production of a 72% #nickel concentrate and 64% Fe iron ore by-producthttps://t.co/JHZnO4CKbE"Read full newsRead More
France's Eramet said on Wednesday it would make a fresh effort this year to...Read full newsRead More
Fitch Solutions' industry trends analysts have revised Canada's 2019 gold mine production growth forecast up to 6% from 2% predicting production to grow robustly as new projects come online over the coming quarters.Canada's dominance in attracting exploration investment has resulted in a strong gold project pipeline set to come online in 2019. Over the past decade, Canada has been able to attract...Read More
Talk that nickel stocks are being run down gave a boost to some of the nickel mining companies in a week where gold and copper posted high points. Ambitious Canadian explorer FPX Nickel Corp (FPX.V) shared an infographic by commodities giant Glencore, which projected likely inventory drawdowns for nickel, zinc and copper for 2019. In the case of nickel and zinc, inventory declines were fo...Read More
"Informative graphic from @Glencore showing 2013-18 CAGR demand for base metals, predicting continued inventory declines even in the unlikely event of demand contraction in 2019 #nickel https://t.co/t7tLFk0720"Read full newsRead More
Peru moved to shut down a major illegal gold mine hub deep in the Amazon after years of expansion destroyed pristine rain forest and polluted rivers with mercury.The government deployed 1,500 agents from the police and armed forces to La Pampa in the Madre de Dios region of southeast Peru on Tuesday to begin closing down mine operations. The crackdown will last two weeks and aims to eradicate mini...Read More
Glencore on Wednesday said it would "vigorously contest" a $680 million tax demand from the British authorities linked to transfer pricing.The Swiss-based mining and trading company has offices in London and is London-listed. The British tax authorities issued formal transfer pricing, permanent establishment and diverted profits tax assessments for the 2008 - 2017 tax years, amounting to $680 mill...Read More
Kinross Gold (TSX: K; NYSE: KGC) produced 2.45 million gold-equivalent ounces last year with record production from its Paracatu mine in Brazil and its Bald Mountain mine in Nevada, and forecasts company wide production this year will be similar to 2018.The company reported an attributable all-in cost per oz. sold on a by-product basis of US$1,287, down from US$1,308 per oz. in 2017.The Toronto-he...Read More
By Laura Millan Lombrana(Bloomberg) - Just weeks after the police unit was formed, they caught their first glimpse of the copper thieves - the silhouettes of a group of men on a hill overlooking the rail lines - triggering a car chase at the dead of night across Chile's Atacama desert.While the pursuit ended in failure, with the gang disappearing into the dark at full speed, at least the police ha...Read More
The interest in gold mining stocks intensified this week as analysts saw further reasons to believe the precious metal itself can sustain its current form and pointed to junior stocks as the best way to benefit should a sustained rally materialise. Stewart Thomson suggested on Goldseek that the latest, tiny “price correction” in the precious metal may already be done, and gave...Read More
"Pierre Gratton, president and CEO of the Mining Association of Canada, discusses why he believes Bill C-69 could actually help the Canadian mining sector https://t.co/GwCVnfPI7G"Read full newsRead More
Gold futures finished higher for a second consecutive session on Wednesday, but pared much of their earlier gains as traders tracked moves in the benchmark dollar index, the latest developments in the U.S.-China trade dispute and efforts to avoid another partial U.S. government shutdown. "The 'risk-on' vibe sweeping across global markets and the stabilizing U.S. dollar are bad news for gold which...Read More
Dundee Precious Metals offered a look at the fourth quarter and positive full year financials for 2018. The company recorded revenue of $377.1 million and adjusted net earnings of $29.0 million. The all-in sustaining cost per ounce of gold produced was $659. (All monetary figures are U.S. dollars.)For the full year, metal production totaled 201,095 oz. of gold and 36.7 million lb. of copper. The...Read More
The graphs are out, the gloves are off: gold bugs reached fever pitch this week as the trends for gold, silver and junior gold stocks formed a tapering pennant that is like a red rag to a bull. Talk that the gold price could break out of its long term trend is particularly exciting for junior gold mining stocks, with many commentators finding these undervalued even at present levels. &n...Read More
A $15 million thermal coal export terminal planned for Fraser Surrey Docks has had its permit cancelled by the Port of Vancouver."This is a win for the climate and a testament to what can be achieved when community members stand up and say no to dirty U.S. coal," Fraser Thomson, a lawyer with Ecojustice, said in a news release. The Fraser Surrey Docks coal project would have a capacity of shipping...Read More
The outlook for Rio Tinto, the world's second largest miner by market capitalisation, is positive over the coming years, according to a new report by Fitch Solutions. Rio has the expertise and capital to develop the most lucrative and largest mines in the world, and the miner has achieved higher profits year-over-year in H118, despite cost inflation.Rio Tinto's performance will continue improving...Read More
Stocks Analysis by Chris Kimble covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Chris Kimble's latest article on Investing.comRead full newsRead More
The aftermath of last weeks catastrophic dam collapse in Brazil continues to be felt among the junior mining stocks as investors weigh the contrasting forces of lower iron ore production and a potential environmental and legislative backlash. With hundreds of people still missing and presumed dead, there is understandable anger in Brazil at Vale SA, the company whose Feijao iron ore mine...Read More