South Africa'sImpala Platinum (Implats) is seeking tenders to build a tailings or waste storage facility at its Marula mine in a positive sign for a site recovering from community protests that sent its shares higher.The company posted an advertisement on Friday in the local Mail & Guardian newspaper seeking tenders for the project. Bidders are required to "use 100 percent unskilled local labour"...Read More
Chile's Caserones copper operation, majority-owned by Japan's top smelter, JX Nippon Mining & Metals, in conjunction with fellow miner Mitsui Mining & Smelting Co., and in which Mitsui Co. has a 22.63%-stake, continues to be a source of pain for the companies, as they struggle to bring it to full capacity and meet profit targets.The mine, behind schedule ever since it began producing in May 2014,...Read More
Prospectors first found gold in Oregon in 1851 and they're still shouting Eureka today. Gold is closer than most people think too.Read full newsRead More
Ethiopia has suspended a gold mining firm's license after weeks of protests in a town near the mine by local people who accuse the company of polluting their source of water and the atmosphere, a government official said.Read full newsRead More
Randgold Resources Ltd. fell the most in 18 months in London after a series of setbacks across its African mines hit both earnings and gold production.Read full newsRead More
Barrick Gold, Randgold Resources, Newmont Mining, Freeport McMoran and Goldcorp all make the short list for stocks to consider in this commodity segment -- but which of them are best positioned to prosper?Read full newsRead More
Ethiopia has suspended a mining licence for MIDROC Gold, company owned by Saudi billionaire Mohammed al-Amoudi, after more than a week of sometimes violent protests in a town near the mine.Demonstrators had blockaded roads in the country's unruly Oromia region since April 30, preventing people from going to work and forcing schools to cancel classes, asking the government to revoke a 10-year mini...Read More
Indian conglomerate Adani Enterprises Ltd. has taken a 896.4 million rupees ($13.3 million) writedown on its Carmichael coal mine in Australia's Queensland state due to delays and legal challenges.The impairment charge was booked by its Australian unit Adani Mining Pty in the quarter ended March 31, Adani Enterprises said in a stock exchange filing Thursday in Mumbai.Even though the writedown is s...Read More
Baytex Energy Corp. (TSX:BTE)(NYSE:BTE) and Cameco Corp. (TSX:CCO)(NYSE:CCJ) are trading at 12-month highs, and investors are wondering if more gains could be on the way for these long-suffering stocks.Let's take a look at the current situation to see if Baytex and Cameco deserve to be in your portfolio.BaytexBaytex has surged from close to $3 per share in early March to $6. That's an impressive m...Read More
Silver continues to languish, despite gold remaining firm and trading at over US$1,300 per ounce. While the global economic outlook is upbeat, which is not a positive for precious metals, rising geopolitical tensions in the Middle East bode well for gold and silver.Another factor that will give silver a boost is rising industrial demand for the white metal. Because of its conductive properties, si...Read More
The mega-cap stocks that dominate the US markets are just wrapping up a truly-extraordinary earnings season. Naturally this first quarter under Republicans' new corporate tax cuts fueled surging profits. But sales were up big too, which is no mean feat for massive companies. With sustained growth at this torrid pace impossible, peak-earnings fears are mounting. And valuations stayed extremely...Read More
Other people's money is always more fun to play with recklessly than your own. As such there's been a quiet escalation in number of private capital pools offering mortgage (and auto) financing to subprime quality borrowers. "Special Circumstance Lending" is one such lender in Denver. It constantly runs ads on Denver radio.The proprietor of Special Circumstance Lending was an aggressive par...Read More
Exploring Argentina Lithium & Energy's 20,500-hectare Arizaro Project in northwest Argentina. Photo courtesy Argentina Lithium & Energy Corp.With the impending advent of the widespread use of electric cars, trucks plus the millions of rechargeable consumer electronic devices that utilize lithium ion batteries, it is no wonder that numerous exploration companies have turned their attention...Read More
Gold's Mercedes Mine in Sonora, Mexico. Source: Premier Gold Mines Ltd.Premier Gold Mines Ltd. [PG-TSX; PIRGF-OTC] on Friday May 11 filed a technical report that was prepared for its Mercedes gold-silver mine in Mexico in compliance with NI 43-101 standards of disclosure. The technical report provides more details about previously announced reserves and resources at the 100%-owned Mercedes Mine in...Read More
Drilling at Almaden's Tuligtic Project in Pueblo State, Mexico which covers the Ixtaca gold-silver deposit. Source: Almaden Minerals Ltd.Almaden Minerals Ltd. [AMM-TSX; AAU-NYSE] on Friday May 11 announced a proposed non-brokered private placement financing of up to seven million units. The aim is to raise $7 million at a price of $1 per unit. Almaden said it intends to use the proceeds of the off...Read More
The price of crude oil is rapidly on the rise.Oil recently broke past $70 per barrel for the first time since 2014 after President Trump pulled out of the Iran deal. And many believe the black stuff is set to top $100 per barrel again shortly.For summer vacationers, that means a much more expensive drive to the beach. But for the savvy investor, this summer's oil prices could mean huge gains.Here'...Read More
Two technologies commercially launched within a week of each other promise to be game-changing ore examination tools.Noel Dyson* Chrysos Photon Assay unit. Photo: Tony McDonough11 MAY 201811/05/2018commentsshare Perhaps the most exciting thing about the Orexplore GeoCore X10 core scanner and Chrysos Corporation's photon assay tools is that nobody is really sure where their biggest impacts will be.Read More
Lithium Chile (TSX-V: LITH) owns fifteen projects, encompassing 148,100 hectares on Li-rich Salars in Chile - which has the largest, high-grade lithium reserves and lowest-cost lithium production in the world. The portfolio includes projects, with high-grade lithium brines and excellent chemistry, at shallow depths - all of which have good access to infrastructure. The company is well-funded and h...Read More
Rio Tinto and Alcoa - with the backing of Apple - have announced a revolutionary process to make aluminium that produces oxygen and eliminates all direct greenhouse gas emissions from the traditional smelting process.Kristie Batten*Announcing the creation of Elysis11 MAY 201811/05/2018commentsshareRio and Alcoa announced the formation of Montreal-based joint venture company, Elysis to develop and...Read More
May 11, 2018 (Investorideas.com Newswire) The first quarter saw some high-profile M&A activity in the precious metals sector. In this interview with Streetwise Reports, Ralph Aldis, portfolio manager of U.S. Global Investors, discusses the market landscape and some companies that could be takeover targets.The Gold Report: Ralph, there have been some high-profile mergers and acquisitions (M&A) in t...Read More