Gold stocks' young upleg is gathering steam, marching steadily to higher lows and higher highs. These bullish technicals are gradually improving sentiment, fueling mounting interest in this contrarian sector. That's helping the gold stocks regain lost ground relative to gold, the driver of their profits. Fundamentals are growing more favorable as gold itself powers higher. All this portend...Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesIts Ministro Hales, Gabriela Mistral and Radomiro Tomic divisions were also back to normal, and it starting to repair the public road linking Calama with Chuquicamata, Codelco said yesterday."Thanks to the measures adopted and the existing protocols, during the emergency no injured workers have been registered," the company said.Alderan u...Read More
Citi, a well-credentialled investment bank, earlier today penciled in A$102 as the target price for the stock, which has received an unexpected boost from a sharp increase in the price of iron oreRead More
The Minerals Council of Australia published a report titled The Next Frontier: Australian Mining Policy Priorities where it asks the government to advanced a revived tax reform that removes barriers that hinder the growth of the country's mining sector.According to the Council, such reform would encourage additional investment in capital and technology."Australia should have strong tax integrity r...Read More
The world's No. 1 copper producer, Codelco, issued a statement this Saturday saying that it is ready to restart operations at the Chuquicamata mine in northern Chile, following a suspension prompted by severe rains.In the press release, Codelco explained that its plan is to gradually restore operations. Therefore, it called on employees scheduled to work on Saturday to be at their posts starting a...Read More
Glencore is cutting the workforce at its Mutanda copper and cobalt mine in the Democratic Republic of Congo to lower costs before a possible shift in production methods, according to people familiar with the matter.The company is studying the economic viability of those deposits, given rising production costs and an uncertainty political environment in CongoLabour unions met on Friday to discuss t...Read More
Glencore's Zambian unit Mopani Copper Mines Plc said on Friday it had suspended operations at its Mindola north shaft after three workers were killed in a fire accident.Mopani is one the biggest mining companies in Zambia - Africa's No. 2 producer of the metal - with an output of around 100,000 tonnes a year. It was not immediately clear how much production would be lost owing to the suspended pro...Read More
Ecuador-focused explorer SolGold (LON, TSX:SOLG) said Friday it was "surprised and disappointed" at how quickly Cornerstone Capital Resources (TSX-V:CGP) dismissed a takeover approach, adding that it will bring the offer directly to the target's shareholders.Last month, SolGold put forward what it called a "premium" offer for Cornerstone's 15% share of the Cascabel copper-gold project in exchange...Read More
Heavy rains in northern Chile, which forced state miner Codelco to halt operations at its Chuquicamata and Ministro Hales copper mines, have also impacted Freeport-McMoRan's El Abra.Codelco, the world's No.1 copper producer, said Friday it had sent its daytime shift of workers home as a preventative measure and would evaluate whether to cancel its night shift as well.Freeport-McMoran (NYSE: FCX),...Read More
Delrey Metals Corp.'s (CSE:DLRY, FSE:1OZ) mandate is to create shareholder value by sourcing, financing & developing undervalued strategic energy metals properties & projects through staking ground or making accretive, prudently and creatively financed acquisitions & joint ventures / farm-ins. They're off to a good start and have a clean balance sheet with just 34 million shares outst...Read More
Cobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsDelivering a 90-minute keynote presentation to Benchmark Mineral Intelligence's Cape Town World Tour stop this week, Friedland named air pollution - or airpocalypse - as the single biggest issueRead More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe eight drill holes reported ere were designed to explore the upper 150m of Bx 6, the northernmost outcropping breccia pipe identified to date.Read More
Toronto's Troilus Gold Corp. is launching a 40,000-metre drill program at its 100% owned Troilus gold property near Chibougamau. Two phases are planned to de-risk and expand on the current resource report last November.Last year Troilus offered a resource estimate for both open pit and underground mineralization. There were 121.7 million indicated tonnes averaging 0.87 g/t gold and 0.086% copper,...Read More
Chilean state copper miner Codelco saw a 1.9 percent drop in its output in 2018, at 1.8 million tonnes, while production at the world's largest copper mine, Escondida, shot up 34 percent in the same year, Chile's copper commission said on Thursday.Codelco was affected by a natural decline in ore grades, an issue it is seeking to reverse with a major program of upgrades. Production at Escondida, co...Read More
In the first expansion drilling since 2015 on its Grasset deposit in the Abitibi greenstone belt of Quebec, Balmoral Resources has extended the known depth of the nickel, copper, cobalt and PGE deposit by several hundreds of metres.The junior explorer reported this week that Grasset's H1 zone has now been intersected for 1,140 metres along strike and from the bedrock surface to a depth of 775 metr...Read More
The number of people killed by a gas explosion in an unused coal mine in South Africa's eastern province of Mpumalanga has risen to six, and several others remain trapped, an official at the mine said on Thursday. The representative of the creditor protection team at the mine, Michael Elliot, said more than 20 people were still stuck underground at the mine in Middelburg and are presumed dead."As...Read More
Canada's Trilogy Metals (TSX, NYSE: TMQ) is upping the exploration budget for its projects in Northwest Alaska, after its partner Australia's South32 (ASX, LON:S32) agreed to equally fund a program along the Ambler volcanogenic massive sulphide (VMS) belt.Each company will contribute an additional $1 million for exploration at the Upper Kobuk Mineral Projects (UKMP), in addition to the $18....Read More
Shares in Canada's First Quantum Minerals (TSX:FM) were up after announcing that it has signed a new $2.7-billion term loan and revolving credit facility, replacing the existing $1.5 billion one.Underwritten by three core relationship banks, the loan can be increased to up to $3 billion before the end of year, the Vancouver-based miner said. It comprises a $1.5-billion term-loan facility and a $1...Read More
Following the review of historical data that indicate copper and silver grades are open in all directions at the Engels project in northern California, Crown Mining (TSXV: CWM) announced this week its decision to increase its land package in the area.In a press release, the Toronto-based company said that it has staked an additional 35 new federal mining claims adjacent to Engels, all of which are...Read More
Gold price sales offer opportunity but patience is required. I like to see a market swoon of at least $50/ounce before buying any fresh medium-term gold or related positions.Most amateur gold investors should wait for $100/ounce declines before buying or use very tight stop-losses to protect their capital.When buying, it's important that investors have strong hands accompanying them, and the small...Read More