Recent News

De Beers Canada signs deal for Peregrine Diamonds Ltd. for $107 million

July 19, 2018 /

VANCOUVER - De Beers Canada Inc. has signed a deal to acquire Peregrine Diamonds Ltd. in a offer valued at $107 million.Under the deal De Beers will pay 24 cents per share for the company which owns the Chidliak project, located 120 kilometres from Iqaluit.Peregrine also controls the Lac de Gras project in the Northwest Territories near the Diavik diamond mine.The deal, which is subject to the app...Read More

Gold just entered into a death cross, and some see more pain ahead

July 20, 2018 /

Keris Lahiff| @kerisalison Published 6 Hours show chapters Gold just entered into a death cross, and some see more pain ahead   12 Hours Ago |03:10 Just when you thought it couldn't get any worse for gold bugs, it has. Gold has sunk into a correction, and some forecast further downside to come.The charts could signal more trouble ahead for the yellow metal, Craig John...Read More

Goldcorp's All-Electric Mine Could Be a Big Deal for Investors

July 15, 2018 /

Diesel is out and electric is in at Goldcorp's Borden project in Canada. The all-electric strategy could enable huge cost savings if applied across the portfolio.Read full newsRead More

The world is running out of GOLD: Mining experts warn discoveries are shrinking

July 15, 2018 /

Experts across the industry said we could soon hit 'peak gold' - the point at which gold discoveries start to decline as there are no more new resources to discover.Read full newsRead More

Gold Bottom Is Near, $1,400 Coming In 2019 - ABN Amro

July 15, 2018 /

Koson/ News) - Gold prices are closing in on a bottom, with a significant recovery coming in 2019, said ABN Amro in its monthly commodity update.The August Comex gold futures ended the week on a sour note, touching a fresh 12-month low on Friday and briefly trading at $1,237.50 an ounce before slightly rebounding to $1,241.40, up 0.02% on the day.The metal was hurt by lack of...Read More

Gold: The Moment Of Truth

July 12, 2018 /

Here we go again. Gold can't seemto hold a rally and is now testing the bottom of the range. Failure here couldbe a disaster for the yellow metal, which has struggled mightily since peakingon April 11 at $1,369.Gold is now down almost 10% fromthose lofty levels, nearing correction territory. The $1,235-$1,240 area is theline in the sand, as failure to hold these levels would bring $1,200 into pla...Read More

Eldorado gold announces appointment of executive vice president and chief financial officer

July 11, 2018 /

VANCOUVER, July 11, 2018 /CNW/ - Eldorado Gold Corporation ("Eldorado" or "the Company") today announces the appointment of Philip Yee as Executive Vice President and Chief Financial Officer. This appointment further strengthens Eldorado's leadership team.Philip Yee will join Eldorado in September 2018. Phil has extensive experience as a senior financial executive, having worked for a variety of...Read More

Gold, Silver Hit Hard By Sell-Off in Raw Commodity Sector

July 11, 2018 /

(Kitco News) - Gold and silver prices are solidly lower and near their daily lows in early-afternoonU.S. trading Wednesday. The precious metals sold off in sympathy with aslumping raw commodity sector today, after the U.S. hit China with anothervolley of trade sanctions. A higher U.S. dollar index today also is a negativefor the precious metals markets. Augustgold futures were last down $10.90 ano...Read More

Metals Bear Brunt of Trade Concerns

July 11, 2018 /

By David Hodari Metal prices tumbled Wednesday amid concern that the Trump administration's threat of more tariffs on Chinese goods could sap demand for everything from copper to platinum. The price of copper plunged 2.9% to $6,162.50 a metric ton in London, with zinc, nickel, lead, and tin all shedding more than 2%. Metals have been at the forefront of the market's reaction to the burgeoning t...Read More

Chile eases way for foreign-backed miner to take control of Lithium deposit

July 11, 2018 /

SANTIAGO/MELBOURNE, July 11 (Reuters) - Foreign backed-Salar Blanco, which is 50 percent-owned by Lithium Power International, has dropped a lawsuit against Chile to block state-run Codelco from exploiting a lithium deposit where both have claims, the Australian-listed smallcap announced.Lithium Power International said that following three months of talks, Salar Blanco ended its legal proceedings...Read More

Mining offers private equity opportunities despite recovery - Denham

July 11, 2018 /

MELBOURNE, July 11 (Reuters) - Private equity still has significant opportunities to invest in mining as companies cut debt and rebuild their balance sheets even as the sector recovers, mining specialist Denham Capital said.Denham, which closed a new $550 million mining fund sooner than expected on Monday, has already acquired two copper projects in South America and aims to invest the rest in the...Read More

Barrick clips 2018 copper production outlook, sees higher costs

July 11, 2018 /

TORONTO, July 11 (Reuters) - Canada's Barrick Gold Corp lowered its full-year copper production forecast on Wednesday while increasing its cost estimates, saying the change reflected operational challenges and planned work at its Lumwana mine in Zambia.Barrick, which looks likely to lose its rank as the world's biggest gold producer this year, maintained its 2018 output estimate of between 4.5 mil...Read More

The Vancouver junior shaking up the lithium mining industry

July 06, 2018 /

MGX Minerals President and CEO Jared LazersonDemand from electric vehicles is blowing up lithium mining.In 2015, 174,000 tonnes of lithium worth $1.2 billion were mined.While the lithium-ion battery was invented 25 years earlier, the mineral hardly made headlines and output was controlled by four large primary producers (as it is today) operating largely out of sight in the high Andes and West Aus...Read More

South Africa mines minister delays finalisation of draft mining charter

July 08, 2018 /

South Africa's mines minister Gwede Mantashe said on Sunday he will extend by a month a period for public comment on a mining industry charter which lays out requirements for black ownership levels and other targets.Uncertainty around the charter has deterred investment into a sector that accounts for 8 percent of gross domestic product in the world's top platinum producer.Mantashe said he will ex...Read More

U.S. Probes Ties Between Glencore, Diamond Merchant Under Sanction

July 05, 2018 /

By Scott Patterson and Rebecca Davis O'Brien American authorities are probing ties between Glencore PLC and an Israeli diamond merchant, according to people familiar with the matter, embroiling the mining giant in foreign and U.S. investigators' deepening scrutiny of the gem trader. On Tuesday, London-listed Glencore said it received a subpoena from the U.S. Department of Justice, demanding reco...Read More

Goldman Says Buy Commodities as Clock Ticks Toward Trade War

July 06, 2018 /

(Bloomberg) -- Commodity bull Goldman Sachs Group Inc (NYSE:GS). has poured cold water on the notion that a trade war between the U.S. and China represents a serious threat to raw materials, saying most of them aren’t likely to be significantly impacted, and after recent declines now’s the time to buy.The Wall Street lender said the economic impact from sanctions between the U.S. a...Read More

Sibanye cuts South Africa gold output forecast after deaths

July 03, 2018 /

(Bloomberg) - Sibanye Gold Ltd. said gold output in South Africa will be 6 percent lower than expected this year while costs will be higher, after a series of fatal accidents disrupted operations.There have been 21 people killed at Sibanye's South African mines this year, nearly half of the total 47 reported deaths across the local industry. The company is addressing the issue with "utmost urgency...Read More

Platinum Bounces Off 14-Year Lows

July 03, 2018 /

(Kitco News)- Bargain hunting is helping to support platinum pricesTuesday after the market dropped to its lowest level in 14 years.Overnight platinum futures dropped to $800 an ounce, a pricenot seen since December 2008. However, prices have modestly recovered withOctober platinum futures last trading at $844.30 an ounce, up almost 4% on the day.Platinum prices have dropped more than 18% since it...Read More

Gold Mining Bull: Top News For June 2018

July 03, 2018 /

Nevsun reports a large copper/gold resource at Timok Lower Zone.Yamana declares commercial production at Cerro Moro.Wheaton lands a cobalt stream.A look at the top news in the gold mining sector for June 2018.Here's a monthly recap of the top news in the gold mining sector, including acquisitions and takeover announcements, financial results and other relevant updates, to keep readers up-to-date o...Read More

Quebec lithium stock jumps on Korea deal

July 03, 2018 /

Shares in Canada's Nemaska Lithium (TSX:NMX, OTC:NMKEF) swung wildly on Tuesday after the company inked a supply deal with a South Korean battery maker that all but ties up full production from its Quebec project until after 2025.Nemaska sank more than 5% on US over the counter markets in morning trade, only to bounce higher in Toronto as US markets closed early for July 4 holidays. Near the clos...Read More