A gold exploration proposal near Yellowstone National Park faced a significant setback as a judge blamed Montana officials for understating the potential for mining to harm land, water and wildlife. The ruling released Friday means the Montana Department of Environmental Quality would have...Read full newsRead More
TORONTO, May 24, 2018-- Red Pine Exploration Inc. announces results from nine drill holes at its Wawa Gold Project, located approximately 2 kilometres east of Wawa, Ontario. The drill holes were part of ...Read full newsRead More
Canada's Millbrook Minerals has recently inked an historic deal with Cuban state mining company GeoMinera S.A. to explore and develop three former cobre-zinc-silver-gold producing assets in the country.The agreement makes the Ontario-based privately held miner the first Canadian firm to sign a deal in Cuba since the mid 90's. It also establishes it as the first company to sign an International Ec...Read More
China's state-owned Chinalco is set to close the gap on privately run China Hongqiao Group , the world's top aluminium producer, after sealing a deal with the Yunnan government that gives it access to more smelting capacity.Yunnan Metallurgical Group, which controls Yunnan Aluminium Co Ltd, will be merged into China Copper Co, a joint venture between Chinalco and the Yunnan provincial government,...Read More
Australian iron ore producer Fortescue Metals Group (ASX:FMG) is going ahead with its plans to build a new $1.3 billion mine in the Pilbara region, which will lift the grade of its ores and so satisfy the new demands of its biggest customer, China, which is increasingly asking for higher quality ore for steel mills to help cut smog.The Eliwana iron ore mine will use the latest technology, includin...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. In a holiday-shortened trading week, the Index leapt as trading began on Tuesday and notched a brand new all-time intra-day high at 1319.29. However, it corrected sharply from its heavily overbought position and ended the week below the key 1300 level. In all, the Index fell 1.5% to clos...Read More
Over the last month, I've received numerous questions pertaining to the direction of the gold price. The fact is, I don't have a crystal ball and, while I believe we will see higher gold prices in the future, I have no idea when, and really, I don't care.Why? Simply, I don't invest in junior mining companies because I believe the price of gold is going to go up. I believe you invest in junior mini...Read More
It's little wonder that financial commentators are talking about a stalled bull market. With talk of trade wars, the possibility of conflict in global hotspots, rising interest rates, and increasing challenges in the real estate sector, the current outlook for the world economy is uncertain to say the least.With the additional market stressor of rising fuel prices, let's look now at "one strong co...Read More
It has been a tough few years for one-time high-flying uranium miner Cameco Corp. (TSX:CCO)(NYSE:CCJ). Over the last five years, its value has plummeted by 38% after nuclear power fell into disfavour after the 2011 Fukushima disaster in Japan, which caused the price of uranium to collapse. Since then, uranium has remained caught in a protracted slump, despite claims by industry insiders and analys...Read More
The prolonged slump in base metals came to an abrupt halt in late 2016 when growing demand coupled with supply constraints pushed metals such as iron ore, steel, copper, nickel, and zinc higher. While prices for iron ore and steel have softened the outlook for copper, zinc and nickel remains optimistic. The future for copper is upbeat because of increased industrial demand primarily from China, wh...Read More
There are few investments on the market that attract such a passion and fever among investors as gold. The emotional attachment around the precious metal has provided investors with a safe haven from market fluctuations as a store of wealth, and with few exceptions, has steadily appreciated in value to the joy of those investors.Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) is the world's largest gold m...Read More
Silver continues to take a bath despite gold moving higher in recent weeks because of rising geopolitical tensions in the Middle East and on the Korean Peninsula. That has caused the gold to silver ratio to widen, with 79 ounces of silver now required to purchase one ounce of gold. This in conjunction with rising industrial demand for the white metal and the likelihood that it will follow gold hig...Read More
The spot price of gold and silver shot up after President Donald Trump cancelled his June 12 summit with North Korean leader Kim Jong-un on May 24. The move did not come as a surprise, as relations between the two countries had deteriorated in recent weeks. North Korea had protested the scheduling of joint military drills conducted by the U.S. and South Korea.What provoked even more controversy wa...Read More
New Jersey Mining has generated sustainable mining operations in Idaho while achieving discovery success as an emerging producer in a difficult market. Investor's Digest of Canada columnist Mike Kachanovsky. While the start to 2018 has been somewhat lacklustre, the glass should be considered half-full in the junior mining sector. On one hand, it has been a difficult operating regime for small-scal...Read More
Drilling at Orca Gold's Block 14 project in Sudan, Africa. Source: Orca Gold Inc.Orca Gold Inc. [ORG-TSXV] said Monday May 28 that it has moved to fund feasibility work on a gold project in the Republic of Sudan by arranging a $22 million strategic investment from Australian company Resolute Mining Ltd. [RSG-ASX]. Under the agreement, Resolute has agreed to subscribe for 32.3 million common shares...Read More
A sample of lithium-bearing pegmatite from Redzone's Fortner Boyd claims (also known as the Lucky Mica claim group. Source: Redzone Resources Ltd.Redzone Resources Ltd. [REZ-TSXV; REZZF-OTC] said Monday May 28 that it has satisfied all the conditions under its previously announced option agreement relating to the acquisition of 14 lode claims in Arizona.The option agreement gave Redzone the right...Read More
A few years ago, I wrote a blog post titled — Converting Net Worth into Cash Flow. I think that article was somewhat controversial then, and perhaps it still is to a large degree today… The reason being? Well, when it comes right down to it, when we are talking about the subject of early FI, without question, the popular consensus and narrative out there across the blogosphere (and oth...Read More
VANCOUVER - Pan American Silver Corp. shares slumped after it said it's curtailing operations at its Dolores mine in northern Mexico following security incidents along the access roads.The Vancouver-based company says it has suspended personnel movements to and from the mine in Chihuahua state, but will maintain enough staff on site for security and reduced operating activities.Workers were h...Read More
It is a crime to report on certain events in Great Britain. But one defiant journalist ignored the court imposed gag orders and reported anyway on three connected sex abuse trials involving dozens of defendants.Police arrested Tommy Robinson outside the courthouse while he filmed using Facebook live. The courts had already delivered a suspended sentence to him for covering the second trial. Now th...Read More
Last week, I explained why the catalyst to watch in the uranium space was the utilities coming back to the market to lock down future supply.I also explained that the quality uranium companies would benefit immediately and dramatically, and that 15 and 20% moves would happen on a daily basis.What I didn't anticipate was that the market would be handing out free money just a week later.On May 7, 20...Read More