Mr. Ross Beaty reportsEQUINOX GOLD ANNOUNCES SPIN-OUT OF COPPER ASSETS TO CREATE SOLARIS COPPER Equinox Gold Corp. plans to transfer all of its copper assets into a newly incorporated company named Solaris Copper Inc. Equinox Gold will continue to focus on advancing the Aurizona gold mine and the Castle Mountain gold mine to production while Solaris Copper explores and develops the copper projects...Read More
WASHINGTON (Reuters) - U.S. coal mining companies are worried President Donald Trump’s intensifying trade dispute with China could hurt their booming export business, one of the ailing sector’s most important lifelines, according to industry players.Beijing this month added coal and other energy products to a list of U.S. goods facing import tariffs in retaliation for Trump administrat...Read More
Gold mining stocks have been influenced by upgrades/downgrades related to some of the most important companies in the commodities sector.But this outlook neglects the positive impact that could be seen if a more risk-averse market environment leads to bull trends for the industry.GDX might be one of the best ways of benefiting from rising volatility levels if added market uncertainty is present in...Read More
Mr. Ross Beaty reportsEQUINOX GOLD ANNOUNCES SPIN-OUT OF COPPER ASSETS TO CREATE SOLARIS COPPER Equinox Gold Corp. plans to transfer all of its copper assets into a newly incorporated company named Solaris Copper Inc. Equinox Gold will continue to focus on advancing the Aurizona gold mine and the Castle Mountain gold mine to production while Solaris Copper explores and develops the copper projects...Read More
Miners area are teaming up to develop one of Ghana's newest gold mine, the Asanko Gold Mine (AGM), located in the Ashanti Region.Read full newsRead More
Chile ?s Codelco, the world's top copper miner, said late on Friday evening that workers' unions at its small Salvador copper division had rejected an early wage deal from the company, pushing off further negotiations until later this year when its contract expires.The state-run miner said workers at its Potrerillos and Benito Tapia Tapia unions, both part of its Salvador Division, had voted again...Read More
(Kitco News) - Despite stronger economic growth in 2018, Capital Economics is warning investors of a looming slowdown, estimating a 1.3% GDP growth in 2020 and a reversal of Federal Reserve’s tightening cycle.“Fueled by the fiscal stimulus, we expect GDP growth to be 2.9% this year but, as the stimulus fades and higher interest rates become a bigger drag on the economy, growth should s...Read More
The Upper Juanita Zone at the Silver Range/Trifecta Gold Yuge property in northern Nevada. Access road in background. Source Trifecta Gold Ltd.Silver Range Resources Ltd. [SNG-TSX] announced results from initial exploration work on the Yuge property with partner Trifecta Gold Ltd. [TG-TSXV; TRRFF-OTC]. Silver Range granted Trifecta a staged option to earn up to a 75% interest in the Yuge property...Read More
Ghanaian authorities have approved a $185-million partnership between South Africa's Gold Fields (JSE, NYSE: GFI) and Canada's Asanko Gold (TSX: AKG) aimed at developing one of the West African country's newest gold mine.The Ghanaian Minister of Lands and Natural Resources' approval, said the companies, was the main hurdle they needed to clear to complete the previously announced joint venture dea...Read More
Sumitomo's move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.Read full newsRead More
Japanese trading house Sumitomo Corp on Thursday said it had agreed to buy a 5-percent stake in the Yanacocha gold mine in Peru for $48 million, as it looks to boost its assets in the metals sector.Read full newsRead More
In an effort to expand its ownership in Curraghinalt, one of the world's best undeveloped gold deposits, Orion has agreed to acquire Dalradian Resources for a recommended cash offer of C$1.47 per share.Read full newsRead More
Miners around the globe dug up 330,000 more tonnes of copper between January and March this year than in the same period of 2017, helped by higher production in world's leader Chile, data released by the International Copper Study Group (ICSG) shows.The general increase, a 7.1% compared to Q1 2016, was mirrored by both concentrates (+7%) and solvent extraction-electrowinning or SX-EW (+7.3%) pro...Read More
Investing.com - Gold prices remained at six-month lows on Thursday, as trade tensions between the U.S. and China resurfaced.Comex gold futures for August delivery were down 0.46% to $1,268.60 a troy ounce as of 10:57 AM ET (14:57 GMT).Tensions between the U.S. and China continue, as the two largest economies in the world faced a tit-for-tat over trade tariffs. Earlier this week U.S. President Dona...Read More
Bonterra will acquire all of Metanor's issued and outstanding shares in an acquisition that both companies hope will result in resource growth, exploration synergies and a de-risked path to production.Read full newsRead More
(Kitco News)- The world’s biggest fund manager still sees a case for gold,it’s just warning investors not to be overweight the precious metal in theirportfolios.In its latest monthly gold report, analysts at BlackRockwarned that they expect gold prices to remain range bound for the nextyear-and-a-half as the yellow metal faces an uphill battle against a growingglobal economy.“We...Read More
Glencore Canada has right of first refusal over the silver stream transaction and has 60 days to purchase the agreement on the same terms, Falco said.Under the agreement, Osisko (TSX: OR) will buy 90% of Horne 5's payable silver, and up to 100% if it elects to make the optional, fifth deposit.It will make staged payments totalling up to $180 million, and will also purchase a secured, $7 million (U...Read More
Bonterra said had entered a binding letter of intent, to acquire all of Metanor's shares for C73c in equity consideration, which represented a 40% premium based on its 30-day volume weighted average price and put the value of the transaction at $78 million (US$59 million).Read More
Gold prices are far from shining right now. Gold prices are modestly higher in early U.S. trading Monday, on a corrective, short-covering bounce after sharp losses Friday that saw the market hit a six-month low. There is also some risk aversion in the marketplace today that might also be giving gold some mild support. August Comex gold futures were last up $3.70 an ounce at $1,282.20. July...Read More
The Honduran Fire Department informed that four people died, half of them women, and five were injured following a landslide at an artisanal gold mine in the town of El Retiro, 180 kilometres north of Tegucigalpa.According to Reuters, the Fire Department said that the miners were covered in sand and stones while they were cleaning up the ore they had extracted from the mine to separate it from the...Read More