Despite its best efforts, the "most likely scenario" is that mining operations will cease in Flin Flon, Manitoba in 2021, an internal memo to employees at Hudbay Minerals (TSX: HBM; NYSE: HBM) reads.While the company has been successful over the last few years in extending the life of its 777 mine from 2019 to 2021, the memo noted, its efforts to find new sources of ore from 777, "did not turn out...Read More
Kirkland Lake Gold (TSX, NYSE:KL; ASX:KLA) announced that its Fosterville Mine is expected to break its own record quarterly production in the fourth quarter of 2018. Full-year production is now forecasted at 330,000 ounces. Previously reported guidance was established at 300,000-310,000 ounces.In a press release, Kirkland Lake Gold said Fosterville's strong Q4 2018 performance reflects higher tha...Read More
Kirkland Lake Gold (TSX, NYSE:KL; ASX:KLA) announced that its Fosterville Mine is expected to break its own record quarterly production in the fourth quarter of 2018. Full-year production is now forecasted at 330,000 ounces. Previously reported guidance was established at 300,000-310,000 ounces.In a press release, Kirkland Lake Gold said Fosterville's strong Q4 2018 performance reflects higher tha...Read More
Despite its best efforts, the "most likely scenario" is that mining operations will cease in Flin Flon, Manitoba in 2021, an internal memo to employees at Hudbay Minerals (TSX: HBM; NYSE: HBM) reads.While the company has been successful over the last few years in extending the life of its 777 mine from 2019 to 2021, the memo noted, its efforts to find new sources of ore from 777, "did not turn out...Read More
Brazil's President-elect and former army captain, Jair Bolsonaro, has named a Navy admiral as his Mining and Energy Minister. This appointment marks the eighth member of the armed forces to Bolsonaro's government and the 20th Minister appointed so far.Bento Costa Lima Leite de Albuquerque Junior (60), the current head of Brazilian Navy's nuclear and technology development program, was born in...Read More
Brazil's President-elect and former army captain, Jair Bolsonaro, has named a Navy admiral as his Mining and Energy Minister. This appointment marks the eighth member of the armed forces to Bolsonaro's government and the 20th Minister appointed so far.Bento Costa Lima Leite de Albuquerque Junior (60), the current head of Brazilian Navy's nuclear and technology development program, was born in...Read More
Brazil's President-elect and former army captain, Jair Bolsonaro, has named a Navy admiral as his Mining and Energy Minister. This appointment marks the eighth member of the armed forces to Bolsonaro's government and the 20th Minister appointed so far.Bento Costa Lima Leite de Albuquerque Junior (60), the current head of Brazilian Navy's nuclear and technology development program, was born in...Read More
Brazil's President-elect and former army captain, Jair Bolsonaro, has named a Navy admiral as his Mining and Energy Minister. This appointment marks the eighth member of the armed forces to Bolsonaro's government and the 20th Minister appointed so far.Bento Costa Lima Leite de Albuquerque Junior (60), the current head of Brazilian Navy's nuclear and technology development program, was born in...Read More
Titans of the mining industry who have led the industry through myriad storms for decades are set to retire over the next few years, a once-in-a-generation turnover that has sparked a search for fresh talent with far different skills than current executives.Ivan Glasenberg, chief executive of mining giant Glencore Plc since 2002, said last month he would retire over the next three to five years, s...Read More
"Outstanding content #FF:@mcm_ct @NorthmanTrader @LukeGromen @RonStoeferle @charliebilello @awealthofcs @HowardKlein10 @pierpont_morgan"Read full newsRead More
At this point, the Fed should pause on interest rate increases, says Minneapolis Fed President Neel Kashkari.Hiking rates too forcefully before necessary could risk causing a recession in the U.S. economy, Kashkari argues. Kashkari believes rates are "close to neutral," a level hotly debated ever since Fed chief Jerome Powell's controversial comments last month.Matthew J. Belvedere| @Matt_Belveder...Read More
The two world leaders will meet in Argentina this weekend to discuss tradeThe stock market is quiet ahead of this weekend's highly anticipatedmeeting between U.S. President Donald Trump and China's President Xi Jinping at the G-20 summit. The two leaders are expected to discuss tariffs, and the talks come on the heels of a freshly inked trade agreement between the U.S., Mexico, and Canada. At last...Read More
The bearish analyst attention is nothing new for CREE stockThe shares of Cree, Inc. (NASDAQ:CREE) are down 4.2% to trade at $43.97 this morning, after J.P. Morgan Securities downgraded the LED specialist to "underweight" from "neutral." The analyst in coverage cited trade tensions with China as a possible disruption to the company's supply chain and sales prospects, and said the shares look over...Read More
Global synchronized un-recovery?Read full newsRead More
Recent market and economic developments are positive for Gold and precious metals but conditions are not bullish yet.Bullish conditions and bullish fundamentals would be highlighted by a shift in Fed policy. They aren't shifting yet. They are slowing, which precedes a shift.From a market standpoint, we need to see strength in Gold in real terms (against stocks and foreign currencies) and a steepen...Read More
KENORA - Today Greg Rickford, Minister of Energy, Northern Development and Mines called on the Competition Bureau to review gasoline and diesel retail prices in northwestern Ontario."Our Government for the People has followed through and taken steps to cut gas prices in Ontario. Now we need to make sure those savings are being passed on to consumers across the province," said Minister Rickford. Th...Read More
World's largest rail-mounted stackers and reclaimer will have a capacity of 20,000 tonnes per hour Contract valued at approximately ?,?150 millionDesign and manufacture to be fully completed in Western AustraliaThyssenkrupp Industrial Solutions has been awarded one of the largest fabrication and construction projects the company has ever handled in Western Australia. Under the contract, thyssenkr...Read More
Bloomberg said the Fed is accelerating its probe into GS' role in the 1MDB scandalThe shares of Goldman Sachs Group Inc (NYSE:GS) are trading down 2.6% at $189.60, after BofA-Merrill Lynch downgraded the blue-chip bank stock to "neutral" from "buy," and cut its price target to $225 from $280. The brokerage firm cited lingering "uncertainty" surrounding the financial firm's role in the 1MDB scandal...Read More
THUNDER BAY - Ontario's Government for the People is investing in a new, world class facility at Lakehead University to support research and innovation, creating 67 jobs.Today, Lakehead University held the grand opening of the Centre for Advanced Studies in Engineering and Sciences. Ontario invested $5 million in the facility. "Our government for the people is proud to provide students and researc...Read More
The personal info of roughly 500 million guests was exposedThe shares of hotel chain Marriott International Inc (NASDAQ:MAR) are 6.4% lower to trade at $113.99, after the company warned that the personal data -- including possible payment information and passport details -- of about 500 million guests was exposed. Hackersapparently began tapping the Starwood guest database in 2014, though the brea...Read More