Florida-based Pentwater Capital said it had built up its stake in Turquoise Hill since September 13 by 2.1% to a total of 13.77%.Read More
Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesZenith Minerals aiming for new heights with lithium focusSPONSOREDzenith minerals limitedNorth Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDTogether with the company's cash resources of about $2.Read More
Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesZenith Minerals aiming for new heights with lithium focusSPONSOREDzenith minerals limitedNorth Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDAgnico Eagle will subscribe for US$580 million of Teck's Minas de San Nicolás (MSN) which ow...Read More
Metallurgical test work which began in May 2021 showed that a two-step process achieved 60% gold recovery and 50% silver recovery, slightly less than the estimate in the July 2021 preliminary economicRead More
The investment bank's deep dive into metal markets sees newly mined copper production peaking in 2028 at 24 million tonnes, before slipping to 22.Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 41 points in pre-opening trade. Volatility and volume on U.S. equity markets are expected to be higher than average. Today is the last trade day for September index and equity options and futures. FedEx plunged $30.86 to $174.01 after lowering fiscal first quarter guidance. Texas Instruments gained $$0.90 to 163.57 af...Read More
The annual CPI decelerated in August but came in higher than expected. Bets on a more hawkish Fed increased, while in the case of gold, they decreased.Inflation stayed hot in August. Unbelievable! At least for the majority of pundits who expected softer inflation. However, I’m not surprised, as I’ve repeated many times that “inflation is likely to stay elevated for some time.&rdq...Read More
B2Gold's (TSX: BTO; NYSE: BTG) Fekola mine in southwestern Mali produced 567,795 oz. gold at an all-in sustaining cost of US$765 per oz. sold last year, and this year exploration results and an updated resource estimate for the Anaconda area, about 25 km north of the mine, fuel the company's view that there's upside potential for a lot more gold production to come. Based on drill results from thi...Read More
Shares of Torex Gold Resources (TSX: TXG) jumped 3.1% by midday Friday following the latest drill results from its El Lim??n Guajes (ELG) underground mine in Mexico, where it is conducting a 27,000-metre drill program.ELG underground is part of the El Lim??n Guajes mine complex that also includes three open pits and a processing plant. The mine complex, which began commercial production in 2016,...Read More
Two of Canada's biggest mining companies are teaming up in Mexico at the San Nicolas copper-zinc development project, one of the country's largest undeveloped volcanic-hosted massive sulphide deposits and among the largest globally. Agnico Eagle Mines (TSX: AEM; NYSE: AEM) is taking a 50% interest in Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) subsidiary Minas de San Nicolas (MSN), which whol...Read More
Pentwater Capital Management LP, the second-largest investor in Turquoise Hill Resources (TSX: TQR) has increased its stake in the Canadian company while again rejecting Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO)'s $43-per-share offer for the 49% of the miner it doesn't already own.The activist investor disclosed it had bought around 1.24% of common stock at $41.01 per share in Turquoise Hill, for...Read More
Mining and commodities giant Glencore (LSE: GLEN) is said to be evaluating the addition of lithium to the suite of metals it trades, as the battery metal has become the driving force behind electric vehicles (EVs) and concerns over lack of supply continue to grow. The Swiss company would initially include lithium in its zinc and copper business run by Jyothish George and Nick Popovic, two unnamed...Read More
WealthTrack, Released on 9/16/22Grant will discuss the Fed's about-face on inflation, the battle it faces to bring it under control, the implications for financial markets, and two investment ideas for this new investment era. James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author ,...Read More
Zero Hedge, Released on 9/16/22According to DOJ whistleblowers, Facebook has been spying on Americans' private messages and reporting them to the FBI if they express 'anti-government or anti-authority' statements - including questioning the legitimacy of the 2020 US election.Continue... Facebook Spied On Private Messages Of "Conservative Right-Wing Individuals", Then Reported To FBI For Domestic T...Read More
Markets Insider (via MSN), Released on 9/16/22"There's a high probability in my mind that the market, at best, is going to be kind of flat for 10 years, Continue... Legendary investor Stanley Druckenmiller warns there's a high probability of the stock market being flat for a decade added by Herman James on 09/19/2022View all posts by Herman James ?+'Read More
Summit News, Released on 9/16/22Just last week, Senator Rand Paul appeared on Fox News and slammed Anthony Fauci for taking the default position of trying to "cover up" his activities, including potentially encouraging social media companies to censor medical information.Continue... Fauci "Misled Congress" About Gain-Of-Function Research, But 'Protected By Biden Admin'; Former CDC Chief Says added...Read More
Schiff Gold, Released on 9/16/22The federal government ran a $220 billion deficit in August. It was the largest monthly deficit since last July.Continue... Treasury Runs Largest August Deficit Ever as Interest Costs Soar added by Herman James on 09/19/2022View all posts by Herman James ?+'Read More
Coughlin sees better long-term fundamentals for the red metal than the yellow one.Read More
By this time next year, the post-lockdown dollar will be worth $0.70 or less, on the way to a half dollar. In a mere five years, the dollar will have lost half its domestic value, even as its value among international currencies will likely rise. The dollar remains the least ugly currency out there even as it has been systematically destroyed in only a few years.Still, the reality has not sunk in....Read More
The war in Ukraine took a surprisingly pleasant turn this week when Ukrainian forces conducted a counteroffensive to reclaim three major cities and huge tracts of land that had been occupied by Russia. In all, Ukraine has retaken about 3,500 square miles of territory from Moscow's forces in the Kharkiv region.In many cases, Vladimir Putin's troops fled before the Ukrainians even got there, s...Read More