Rio Tinto signs power supply deal for Mongolian copper mineTurquoise Hill Resources Ltd. [TRQ-TSX], a 51%-owned affiliate of Rio Tinto Plc [RIO-NYSE] Group, said Monday December 31 that it has signed a power source framework agreement (PSFA) that covers the supply of power to the giant Oyu Tolgoi copper mine extension in Mongolia.The mine is located in the Gobi Desert, close to the border with Chi...Read More
Share this articleVANCOUVER - Nevsun Resources Ltd. says Chinese company Zijin Mining Group Co. Ltd. has been successful in its $1.86-billion friendly takeover offer for the company.The companies say about 89.37 per cent of the total issued and outstanding Nevsun shares on a fully diluted basis were tendered to the offer of $6 per share in cash by the Dec. 28 deadline.The offer has now been extend...Read More
Happy New Year everyone!Goodbye 2018, I won’t really miss you much!Hello 2019, I can’t wait to get to know you better…For New Year’s Eve, I celebrated at Bonifacio Global City (BGC)… My “home” away from home…Started off at The Island, in Uptown…Let the countdown begin…HAPPY NEW YEAR!!!Later, headed on over to High Street, for the live co...Read More
Like millions of other people, I'm very nostalgic for Nintendo, especially at Christmas. That's because this story, or some version of it, is quite common:1986. Christmas morning. Under the tree, there was a giant wrapped box, tagged:TO: Luke and LanceFROM: SantaMy father told us we should open that one first.Tearing into it revealed a giant robot head staring back at us. And we immediately knew e...Read More
NEW YORK (AP) -Kohl's Corporation, up $6.13 to $65.92Retail stocks like Kohl's rallied the day after Christmas as investors cheered signs that Americans went out and shopped this holiday season.Newmont Mining Corporation, down 5 cents to $34.53The gold mining company's stock fell as gold prices slipped.Perrigo, up $4.20 to $40.70The Irish pharmaceuticals company rallied after falling more than 30...Read More
An Australian mining company wants to expand its mine in South Carolina because they have found more gold.Read full newsRead More
"Take 5 minutes and read up on the premier cobalt play, Canada Cobalt Works! #CCW $CCW @CanadaCobalt #Cobalt #Mining #Silver #TSXV #SmallCaps #batterymetals #electriccar #battery #Momentumstocks #batterymetals https://t.co/rMjJTfFL22"Read full newsRead More
Under the contract, Albemarle had agreed to provide as much as 25 percent of its annual production at a discount to companies seeking to produce battery metals within Chile.Read full newsRead More
It's been a tough year for mining, but the Big 3 were still a better investment than the FAANGs in 2018.Read full newsRead More
The common theme: stocks will be risky, volatility is back and returns across all asset classes could beRead full newsRead More
Green warns prices could plunge 5% to 10% into 2020Read full newsRead More
Over the past few months, the volatility that we've witnessed across the market has provided us with the opportunity to rebalance our portfolios and, more specifically, take into consideration some defensive options. Precious metals miners are rarely considered as defensive themselves, unlike the product that they produce, which has been seen as a safe and secure store of wealth for the millennia...Read More
Talking about a potential bankruptcy for First Quantum Minerals (TSX:FM) isn't new. In early 2016, the company itself admitted that its days were likely numbered. After issuing a going-concern notice to investors, the company said there was "significant doubt" it would be able to continue operating.While commodity prices were struggling, the specter of bankruptcy was entirely due to First Quantu...Read More
No beating around the bush and sugarcoating anything — I had a most dismal/miserable/pathetic 2018 and am looking most forward to saying good riddance to such a shit year. Granted, it’s all about perspective, though, and there’s really no use in dwelling about things too much… especially stuff from the past.What has happened, happened…Now I just gotta accept it, and f...Read More
This episode features a round-table discussion on clean mining recorded live at The Northern Miner's Progressive Mine Forum held at the MaRS Discovery District in Toronto in October 2018.The panelists are: Jason Goodhand, vice-president of business development at e-Zn Inc.; Cory McPhee, vice-president of corporate affairs, communications and sustainability at Vale Canada; John Mullally, vice-presi...Read More
It's the dumbest New Year's resolution I've ever heard."This year, I'm going to start investing and start getting rich!"You know what kind of people make New Year's resolutions like that?Poor people!Why would anyone "wait" to get rich?If it were the middle of summer and you figured out a way to more than double your money on a single stock, would you wait until the new year to buy that stock? Of...Read More
Featured GuestsBob Hoye & David MorganHappy Holidays - Merry Xmas & Happy New Year!Show HighlightsPart II of the discussion with the head of The Morgan Report includes an update on gold. The PMs sector remains at bargain levels, a relative value to virtually every competing asset class and core of every solid investment portfolio. Gold aficionados may be enjoy a sea-change in market sentiment in...Read More
By Jordan Roy-Byrne CMT, MFTA Although yours truly has yet to completely jump on the bull bandwagon (which has revved up recently), I cannot ignore the positive fundamental and technical developments for precious metals. On the fundamental side, the market is essentially pricing in no hikes for 2019 and the start of rate cuts in 2020. For Gold, that is a huge improvement from just a few months...Read More
29 December 2018 -- SaturdayYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM By Ed Steer The gold price was up five dollars or by shortly after the London open on their Friday morning. It was sold a bit lower at that juncture, but began to creep higher shortly after London closed -- and gold finished the Friday session in New York, close to its ea...Read More
By John MauldinPowell Was Right but the Fed Is WrongTime for an Emergency Fed MeetingLiving on Island TimeQuick Shots from the FrontlineA winters day,In a deep and dark December..."Wait, it doesn't feel like winter. It's not deep and dark, and it's actually warm, and the sun is shining. Toto Shane, I don't think we're in Kansas Texas anymore."Yes, we have actually moved from Texas to a new locat...Read More