Barrick Gold (NYSE, TSX:ABX), the world's top miner of the precious metal, said Tuesday is buying about $38 million in Midas Gold's (TSX-V:MAX) shares, in a deal that gives the Canadian giant an almost 20%-stake in the junior as well as access to the promising Stibnite Gold project, in Idaho, US."Midas Gold's Stibnite Gold project in Idaho offers a compelling investment proposition, with low geopo...Read More
Seabridge Gold (TSX:SEA) (NYSE:SA) announced today that winter drilling at its 100%-owned Courageous Lake Project has successfully identified two new gold zones, Olsen and Marsh Pond, with widths and grades suggesting they could make a contribution to project resources similar to the Walsh Lake Deposit discovered by Seabridge in 2012. This year's drill program also found two other target zones t...Read More
Major miners need to boost their reserves, and one way for them to do that is to invest in junior mining exploration corporations to find the next great deposit.Here is a list of the companies that Barrick Gold (TSX-V: ABX) has invested in.1) ATAC Resources (TSX-V: ATC) ATAC is a Yukon-based exploration company focused on developing Canada's only known Carlin-type gold district alongside Barrick a...Read More
Teck Resources Ltd. (TSX:TECK.B)(NYSE:TECK) has a history of being a volatile stock, and investors who follow the mining giant are wondering if this is the right time to buy.Let's take a look at the current situation to see if Teck deserves to be in your portfolio.EarningsTeck reported Q1 2018 adjusted earnings of $753 million, or $1.31 per share, compared to $655 million, or $1.13 per share, for...Read More
Gold and silver prices have suffered since tensions eased on the Korean Peninsula in late April. U.S. secretary of state Mike Pompeo arrived in North Korea on May 9 with the aim of finalizing a planned meeting between President Trump and North Korean leader Kim Jong-un. Relations between North Korea and South Korea have warmed dramatically over the past month. South Korea has indicated that North...Read More
I strongly believe that labeling the condition of the stock market based on arbitrary "percentage changes" up or down is absurd. But then again most attributes of the current stock market are sublimely ridiculous, if not outright Orwellian.But, what the heck. If down 20% is how you want to define a "bear market," then a portfolio of Lennar (LEN, down 24%), Beazer (BZH, down 24%) and KB Homes (KB...Read More
The Panoro senior management team tours the Cotabambas Project in Peru. From left: L. Shaheen, Y. Barsimantov, C.Pilon, F.Tejada. Source: Panoro Minerals Ltd.Luquman Shaheen is bullish on copper. The Panoro Minerals Ltd. [PML-TSXV, Lima; PZM-FSE] President and CEO said the world has entered into an era where a lack of new projects is going to constrain the supply of the red metal.In an interview w...Read More
Nevsun's Bisha copper-zinc mine in Eritrea, Africa. Source Nevsun Resources Ltd.Nevsun Resources Ltd.'s [NSU-TSX; NYSE AMERICAN] second largest shareholder says a $1.5 billion takeover proposal by from Lundin Mining Corp. [LUN-TSX; LUMI-Sweden] and Euro Sun Mining Inc. [ESM-TSX, CPNFF-OTC] looks "pretty fair.""Nevsun should engage more fully with Lundin Mining and Euro Sun Mining, which made the p...Read More
Global underground mining machinery and drilling equipment leader, Sandvik Mining and Rock Technology, has released a data interoperability policy that underscores its belief in an 'open source' mining digital ecosystem.Staff reporter09 MAY 201809/05/2018commentsshareThe Swedish-headquartered company says its policy outlines principles by which its machine control and information systems can commu...Read More
Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,910.81, up 68.10 points)Spartan Energy Corp. (TSX:SPE). Oil and gas. Up one cent, or 0.15 per cent, to $6.48 on 10.9 million shares.Kinross Gold Corp. (TSX:K). Miner. Down 61 cents, or 11.42 per cent, to $4.73 on 10.7 million shares. The Canadian gold miner said the government in Maurit...Read More
Midas Gold's Stibnite gold-silver-antimony project in Idaho. Source: Midas Gold Inc.Barrick Gold Corp. [ABX-TSX, NYSE] has agreed to make a US$38 million strategic investment in Midas Gold Inc. [MAX-TSX; MDRPF-OTC] to advance the company's Stibnite Gold Project in Idaho.The announcement sent Midas Gold shares up 10.31% or $0.10 to $1.07 in early trading on Wednesday. The 52-week range for the sto...Read More
TORONTO - Shares of Kinross Gold Corp. fell more than 10 per cent in trading Wednesday as the gold miner said the government in Mauritania has requested talks regarding its activities in the country.The Canadian gold miner, which is near completion of its Tasiast mine in Mauritania, said its application to convert its Tasiast Sud exploration permit into an exploitation permit was recently rejected...Read More
The song remains the same.Just minutes ago as I'm writing this, President Trump did what everyone on the planet knew he would: he pulled out of the Iran nuclear deal.Crude prices jumped 1% as he spoke.And just like that, dear reader, we're back on the road to $80 oil.But this isn't new, is it?My colleague Christian DeHaemer warned you a few years ago that oil was setting itself up for a massive r...Read More
Vancouver, British Columbia - May 9, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Prospero Silver Corp. (TSXV: PSL) (the "Company" or "Prospero") announces that it has amended its planned work program for 2018 following discussions and agreements with its strategic partner, Fortuna Silver Mines Inc. ("Fortuna" or "FVI"). Prospero and Fortuna have also agreed to amend their May 8, 2017 strate...Read More
Steph and Matt hated the cold, hated the crowds, and hated their corporate work. But they lived in densely–populated, and often frigid, Massachusetts. They worked 9-5 Monday through Friday, and were lucky to get three weeks off per year. And to top it all off, high Massachusetts taxes took a big chunk of their earnings.Enough was enough. They would find a way to move somewhere warm and rural...Read More
Vancouver, British Columbia - May 9, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Fremont Gold Ltd. (TSXV: FRE) (FSE: FR2) (OTC Pink: USTDF) ("Fremont" or the "Company") is pleased to announce that it has commenced a five-hole drill program totalling a minimum 1000m at Gold Bar and Gold Canyon in northern Nevada (see Fremont news release dated March 5, 2018).Drilling commenced this past week...Read More
Edmonton, Alberta - May 9, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Grizzly Discoveries Inc. (TSXV: GZD) (OTC Pink: GZDIF) (FSE: G6H) ("Grizzly" or the "Company") is pleased to announce that Kinross Gold Corporation's wholly owned subsidiary, KG Exploration (Canada) Inc. ("Kinross"), has provided Grizzly with the proposed 2018 work program on the Grizzly Greenwood property, located near...Read More
May 9, 2018 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce drill results from its wholly owned Langis Mine Project located in the Cobalt Camp, Ontario, Canada.Highlights from six drill holes at the Langis ProjectDrill hole LM18-16 intersected 7.87m of 2,787.26 g/t silver, 0.27% cobalt including 1.00m of 15,436.00 g/t silver, 1.98% cobalt, 0.47% nickel...Read More
An asphalt mix designed to better weather freeze-thaw cycles took first place in the Spring 2018 Cornerstone Design Final Competition on May 2. A total of 24 student teams from Intro to Design (EPIC 151) exhibited their infrastructure solutions at the final competition, representing the top team from each class section. Mines Infrastructure Design's asphalt mix won first place and $1,000 in t...Read More
Christian Shorey, teaching professor of geology and geological engineering at Colorado School of Mines, visited Hawaii's Kilauea volcano last summer and discussed the recent eruption that has already destroyed at least 35 structures with KDVR Fox31 Denver."It goes through cycles. Deflation, inflation it expands and then deflates. It has this dissolved gas in it and as it comes out that gas wants t...Read More