Vedanta Resources Ltd. is learning the hard way that when it comes to Zambia's copper-mining industry, history tends to repeat itself.Fifty years ago, Zambia's first post-independence leader Kenneth Kaunda nationalized mines owned by Anglo American Plc and Roan Selection Trust to rally his political supporters. Now populist President Edgar Lungu is taking legal steps to take over the operations of...Read More
The International Monetary Fund arrived for its first talks with the Democratic Republic of Congo since 2015 as President Felix Tshisekedi seeks to repair relations with the Washington-based institution and fulfill a pledge to fight corruption.Tshisekedi, who replaced Joseph Kabila after elections in December, last month told delegates while on a visit to Washington that he'd come "to untangle the...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") announces that it has filed its 2019 Q1 financial results and will hold a conference call on Friday May 24th, 2019 at 09:00 AM EST to discuss the results and provide a corporate update.2019 Q1 Financial HighlightsRevenue for the quarter was $3.04M versus $3.02M in Q1 2018 as higher 4G portfolio sale...Read More
With most Q1 earnings reports out of the way, short sellers are sticking with their favourite targets. Bonterra Energy (BNE) is the only new name on our ten most shorted stock list (as a % of float), replacing Laurentian Bank (LB) which is now the 11th most shorted stock. The top two spots continue to be held by Paramount Resources (POU) and High Liner Foods (HLF).Paramount stock was more or less...Read More
How's this for a study in contrasts: One of the world's biggest coal miners effectively says the industry is dying just days after Australia's opposition party suffered a shock election loss, partly blamed on its failure to unambiguously back a new coal mine.BHP Group Chief Financial Officer Peter Beavan told a strategy briefing on Wednesday that the world's biggest mining company has "no appetite...Read More
South Africa's Public Investment Corp. faces a tough choice: back Sibanye Gold Ltd.'s takeover of Lonmin Plc, and take a hit on its investment, or scupper the deal and risk having to pony up more cash for the platinum miner.When Lonmin shareholder votes are tallied next Tuesday at a meeting in London, the PIC's 30% stake would be enough to block the acquisition. While the takeover was originally t...Read More
Canadian precious metals producer McEwen Mining (TSX, NYSE:MUX) said Thursday it had begun commercial production at its Gold Bar project in Nevada, US, which is expected to generate 50,000 bullion ounces this year.The Toronto-based miner also said Jack Henris will be in charge of operations. Henris has years of experience in mine management, having worked at Newmont for 12 years and at Barrick f...Read More
Canadian precious metals producer McEwen Mining (TSX, NYSE:MUX) said Thursday it had begun commercial production at its Gold Bar project in Nevada, US, which is expected to generate 50,000 bullion ounces this year.The Toronto-based miner also said Jack Henris will be in charge of operations. Henris has years of experience in mine management, having worked at Newmont for 12 years and at Barrick f...Read More
State-controlled China Communications Construction Co (CCCC) and iron ore miner Vale SA have agreed to set up a steel mill in Brazil's northern state of Par?? with a $450 million investment, the state's government said on Thursday.Vale confirmed in a separate statement that it had signed a protocol of intentions to support the financial structure of the flat-rolled steel laminating venture by issu...Read More
"Constantine Finalizes Lease Agreement on Johnson Tract Property, Alaska and Provides Details for Spinout of Gold Assets into HighGold Mining https://t.co/iDq1NOS1hn"Read full newsRead More
Chile's Chemical and Mining Society (SQM), the world's second largest producer of lithium, expects demand for the key component in the batteries that power electric vehicles and cell phones to grow at "double-digit rates" this year.Reporting quarterly earnings, the Chilean miner said that despite prices being affected by new supply entering the market, the commodity will remain strong due to risin...Read More
Transition Metals (TSXV: XTM) has staked two new properties, collectively covering 15,144 hectares in northern Saskatchewan's Wollaston Basin Copper Belt.In a press release, the miner said that the Fannon and Tosi properties are located approximately 100 kilometres south of Key Lake and about 30 and 85 kilometres, respectively, southwest along trend with the company's Janice Lake property that is...Read More
Dunnedin Ventures (TSXV: DVI) announced that it has closed the acquisition of 100% of the Mohave copper-molybdenum-silver porphyry project in Mohave County, Arizona, from Bluestone Resources.Mohave is a 10-square-kilometre property located in the mineral producing Basin and Range Province of Arizona and 33 kilometres west of Freeport McMoran's Bagdad copper porphyry mine.According to Dunnedin, lim...Read More
Precious metal miners led the declines on Canada's main stock index on Tues...Read full newsRead More
"Constantine Finalizes Lease Agreement on Johnson Tract Property, Alaska and Provides Details for Spinout of Gold Assets into HighGold Mining https://t.co/Th24qNNY8X"Read full newsRead More
Zambia's Chamber of Mines on Thursday delivered further signs of a major global undersupply of copper about to hit the market by announcing that the country's output of the metal could be as much as 100,000 tonnes lower than last year.The industry lobby group attributed the expected drop in production to changes to mining taxes introduced in January, which is driving companies to cut output."The n...Read More
Young, new investors, you have time on your side.This is a very important factor to consider when choosing the right stocks for your RRSP, as the patience that this affords you is needed when considering investing in an undervalued stock in a cyclical industry.Here I would like to present to you a base metals stock that has underperformed, but that is now really trading at depressed valuations, Hu...Read More
While most of the attention is on mega-miners like Barrick Gold and Newmont Goldcorp, there are dozens of other options to choose from, some with especially promising futures.Plus, by investing in gold stocks, you diversify your portfolio into non-correlated assets. That means if the market drops, your gold stocks could rise.If you’re looking to diversify your portfolio and want to find the...Read More
The famous investor Peter Lynch once said, "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise." This is certainly a theory that seems to hold water, and with this maxim in mind, let us turn our attention to a few higher quality stocks on the TSX index that have recently seen a fair amount of insider buying.Rogers Communicatio...Read More
Major primary silver producer Pan American Silver's (TSX: PAAS) stake in the junior has increased from about 12% to 16.85% on a non-diluted basis.Read More