A bulk sampling and test mining exercise at Rubicon Minerals (TSX: RMX; US-OTC: RBYCF) Phoenix gold project has yielded positive reconciliation results that validate the 2018 mineral resource estimate as well as the new geological model and structural interpretation of the F2 deposit, the company says.Over the summer and fall, Rubicon extracted material from three test stopes in the upper areas...Read More
Trump may be facing an uphill battle he can't win in 2020.The much-anticipated "Blue Wave" washed over America on November 6. But it didn't hit all states equally.Some states, like California and New Jersey, were electoral graveyards for Republicans. In a few states, Republicans actually picked up a seat or two.But overall, Democrats saw their biggest gains in Congress since Watergate. They picked...Read More
Mr. Jean Martineau reportsDYNACOR DECLARES SECOND QUARTERLY DIVIDEND PAYMENTDynacor Gold Mines Inc. will pay a quarterly dividend payment of one cent per common share on Jan. 3, 2019, to shareholders of record as of the close of business on Dec. 19, 2018. The payment represents the second quarterly dividend payment made to shareholders following the corporation's first ever dividend payment in Oct...Read More
Mr. Jean Martineau reportsDYNACOR DECLARES SECOND QUARTERLY DIVIDEND PAYMENTDynacor Gold Mines Inc. will pay a quarterly dividend payment of one cent per common share on Jan. 3, 2019, to shareholders of record as of the close of business on Dec. 19, 2018. The payment represents the second quarterly dividend payment made to shareholders following the corporation's first ever dividend payment in Oct...Read More
For readers that don't know you, can you tell us about your background and current roles? In 2010, after 12Read full newsRead More
Anglo American Plc, the company that grew to be South Africa's biggest during apartheid, says it's ready to invest in the country again.After years of legislative uncertainty, relations had soured to the point where Anglo's chief executive officer wasn't on speaking terms with the former mining minister after he made a critical speech. In October, Anglo pledged to spend $6 billion on its assets in...Read More
The opportunity cost of holding gold is short-term real interest rates.If real rates continue to rise, gold will continue to struggle.Inflation expectations have been falling faster than nominal rates, keeping real rates high.When real rates move lower, gold will breakout to the upside.Why You Should Wait To Buy Gold: The Opportunity Cost Of Holding The Metal Is Still Rising (For Now) Roughly seve...Read More
* Japan's Mitsubishi Materials on Thursday said that its Indonesia copper smelting unit, PT Smelting, has declared force majeure on deliveries of products to some customers as maintenance at its plant in the country had been extended.* The smelter on Oct. 31 went into maintenance that was scheduled for about 30 days, but that has been extended due to a lack of oxygen supply from a neighboring oxyg...Read More
* Japan's Mitsubishi Materials on Thursday said that its Indonesia copper smelting unit, PT Smelting, has declared force majeure on deliveries of products to some customers as maintenance at its plant in the country had been extended.* The smelter on Oct. 31 went into maintenance that was scheduled for about 30 days, but that has been extended due to a lack of oxygen supply from a neighboring oxyg...Read More
Democratic Republic of Congo's state mining company blamed international investors and anti-corruption activists for the country's lack of progress despite its vast mineral wealth.Non-governmental organizations including the Atlanta-based Carter Center and London-based Global Witness have accused Gecamines of failing to account for hundreds of millions of dollars paid to the state miner by the com...Read More
Democratic Republic of Congo's state mining company blamed international investors and anti-corruption activists for the country's lack of progress despite its vast mineral wealth.Non-governmental organizations including the Atlanta-based Carter Center and London-based Global Witness have accused Gecamines of failing to account for hundreds of millions of dollars paid to the state miner by the com...Read More
Nov 29 (Reuters) - Lonmin Plc, which is being bought by Sibanye-Stillwater, reported its first annual operating profit in four years as cost cuts by the platinum miner paid off.Lonmin also said on Thursday it expects Sibanye's deal to close early next year, but cautioned that some uncertainty still exists over its completion, which is subject to certain conditions.Lonmin shares rose as much as 9.3...Read More
Powell spoke yesterday. The gold market considered his remarks as dovish. And the market is always right, isn’t it? Just Below Neutral On Wednesday, Powell delivered a speech “The Federal Reserve’s Framework for Monitoring Financial Stability” at The Economic Club of New York. The majority of analysts judged the speech asdovish. Why? The key reason was Powell’s view t...Read More
DB has shed roughly half its value in 2018The shares of Deutsche Bank AG (NYSE:DB) are down 3.3% to trade at $9.56 this morning after it was reported German authorities raided the company's offices early this morning, in connection to a money laundering investigation. Two staff members were allegedlysetting up offshore firms as part of what's been dubbed the "Panama Papers." On the charts, Deuts...Read More
Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP. L53-DD1 OIL DISCOVERY- 779 BOPDPan Orient Energy Corp.'s L53-DD1 exploration well is on a 90-day production test and currently producing at a steady state of between 778 and 784 barrels per day of 23.6 degree API oil with a BS&W (basic sediment and water) of 0.4 per centfrom the DD sand through 5.2 metres of perforations between the depths of 1,...Read More
Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP. L53-DD1 OIL DISCOVERY- 779 BOPDPan Orient Energy Corp.'s L53-DD1 exploration well is on a 90-day production test and currently producing at a steady state of between 778 and 784 barrels per day of 23.6 degree API oil with a BS&W (basic sediment and water) of 0.4 per centfrom the DD sand through 5.2 metres of perforations between the depths of 1,...Read More
The shares are running into familiar resistance, thoughThe shares of Tonix Pharmaceuticals (NASDAQ:TNXP) have shot up 76.57% to trade at $6.71, on news the Food and Drug Administration (FDA) approved the drugmaker's late-stage study for its post traumatic stress disorder (PTSD) treatment. The trial will launch in the first-quarter of next year, with preliminary data expected in the first half of 2...Read More
LONDON, Nov 29 (Reuters) - Broker Amalgamated Metal Trading Ltd has been appointed by the London Metal Exchange as a liquidity provider for its steel contracts, giving a boost to the market as the first ring trader in that role.AMT is one of nine top tier LME members that are allowed to trade in the open outcry ring as well as over the telephone and on the exchange's electronic system, meaning it...Read More
Construction for the project will start in 2019, with first production expected in late-2021.Read full newsRead More
"#Deutsche Bank's premises including its HQ in Frankfurt were being searched by prosecutors on Thursday in a money laundering probe, prosecutors said in a statement. https://t.co/2nKBcgfVYi via @business"Read full newsRead More