Mining Stocks Articles

Cash "Vanishes" From Bank Accounts In Ireland

25 April, 2018 / GoldCore

- Emergency cash offered by Ulster Bank as cash vanishes from accounts- Bank makes EUR500 available to customers whose deposits vanish- Bank investigates after hundreds of complaints on social media- "My salary has disappeared from my account today and my wife had her card declined when trying to pay for a GP visit and medication"- Cyber attacks and Brexit are biggest threats to the securities...Read More

#Cryptocurrency Daily Update - April 25, 2018

Wed Apr 25 18:11:49 2018 / Staff reporter

Bitcoin (BTC) is in danger of falling back to $8K, as daily losses continue. The price of US$8,948 at press time, down from an earlier morning high of US$9,743, marks a precipitous fall of nearly US$800, or just shy of 8%. Ethereum (ETH), Litecoin (LTC), Dash, Bitcoin Cash (BCH), and Ripple (XRP) ar...Read full newsRead More

Minotaur and Andromeda form star alliance

Apr. 25, 2018, 6:11 PM / Valentina Ruiz Leotaud

Minotaur Exploration (ASX: MEP) announced today that it has signed a binding Heads of Agreement with Andromeda Metals (ASX: ADN), according to which the latter may earn up to 75 per cent interest in Minotaur's kaolin-halloysite deposits in South Australia through the expenditure of $6 million over a period of up to 5 years. According to Minotaur, the assets comprise three tenements containing seve...Read More

Kirkland Lake drills 0.7 m of 205.8 g/t Au at Taylor

2018-04-25 17:55 / Mr. Anthony Makuch reports

Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD EXPANDS NEW HIGH-GRADE ZONE BELOW TAYLOR MINE, REPORTS MINERALIZED EXTENSIONS ALONG STRIKE AND AT DEPTHKirkland Lake Gold Ltd. has releasednew exploration drill results from surface and underground drilling at the Taylor mine in Northeastern Ontario and situated along the PDF. Recent drilling occurred at depth below both the East and West porphyry depos...Read More

Markets took a tumble after Tuesday's close and are continuing to see red this morning:

Wed Apr 25 17:35:32 2018 / Staff reporter

Morning Market Breakdown, April 25: After the markets took a nasty tumble just before Tuesday's close, indexes continued to see red Wednesday morning.Read full newsRead More

Australian gold miner Newcrest downgrades full-year production forecast

Apr. 25, 2018, 5:22 PM / Reuters

Australia's biggest gold miner Newcrest Mining Ltd on Thursday cut its full year production forecast, while reporting a fall in third-quarter production.Newcrest now expects production of 2.25-2.35 million ounces of gold for the full-year ending June 30, down from 2.4 million to 2.7 million ounces expected earlier. It also downgraded guidance for its flagship Cadia mine which restarted production...Read More

Canada's First Cobalt eager for more after U.S. Cobalt buy

Apr. 25, 2018, 5:12 PM / Reuters

Canada's First Cobalt, which has just bought another cobalt developer, is keen for more acquisitions to accelerate bringing on production to meet North American demand, a senior company official said.Expectations of soaring demand for cobalt because of its use in electric vehicles has inspired a hunt for the mineral across the globe.Governments and miners are anxious to secure supplies in more sta...Read More

Southern Copper says legal dispute over Peru's Tia Maria resolved

Apr. 25, 2018, 5:05 PM / Reuters

Southern Copper Corp's chief executive said on Wednesday it had reached a settlement with a company in Peru that blocked development of its $1.4 billion Tia Maria project with a legal injunction.Southern Copper's Oscar Gonzalez told Reuters he hoped the new government of Peruvian President Martin Vizcarra would issue a permit "soon" to allow construction work on the long-delayed project to begin t...Read More

Federal Council rejects mining referendum in Colombian town

Apr. 25, 2018, 5:00 PM / Valentina Ruiz Leotaud

Colombia's State Council revoked a provincial judgment that allowed for a mining referendum in the municipality of Une, located in the central Cundinamarca state. According to W Radio, the council endorsed a plea introduced by mining workers against a ruling by the Cundinamarca Administrative Court, which declared constitutional the question that was going to be asked to Une residents regarding wh...Read More

Klondex Mines produces 43,525 oz gold equivalent in Q1

2018-04-25 16:56 / Mr. Mike Beckstead reports

Mr. Mike Beckstead reportsKLONDEX REPORTS FIRST QUARTER 2018 OPERATING RESULTS Klondex Mines Ltd. has released its preliminary operating results for the first quarter of 2018.First quarter 2018 highlights:Announced proposed acquisition of Klondex by Hecla Mining Co. for $462-million (U.S.);Mined 49,873 gold equivalent ounces (GEOs);Produced 43,525 GEOs;Mining and production results in line with co...Read More

FTSE 100 pares losses as US bond yields rise above 3%

16:45 25 Apr 2018 / Jon Hopkins

FTSE 100 down 46 points at 7,379Glaxo slides as first-quarter earnings declinePersimmon shareholder blasts "excessive" ?110mln bonus for CEODespite a rally in the last 90 minutes of trading, London's blue-chip index ended another day in arrears.The FTSE 100 index closed at 7,379, down 46 points.Drugs giant GlaxoSmithKline PLC (LON:GSK) was a drag on the index after it reported a 2% decline in fir...Read More

Jersey Oil & Gas's Benitz: North Sea an exciting place to explore again

16:31 25 Apr 2018 / Andrew Scott

Andrew Benitz of Jersey Oil & Gas PLC (LON:JOG) says pre-funding the seismic being shot over the Verbier acreage in North Sea allows the data to be optimised and is cheaper.Capex for the appraisal programme will be at the upper end of ?9-11mln including seismic.Drilling at Verbier will see an appraisal well in the summer to firm up the recoverable oil at the discovery.''All in all, the North...Read More

Stellar Diamonds shares leap as court approves its acquisition by NWF

15:00 25 Apr 2018 / Calum Muirhead

Stellar Diamonds PLC (LON:STEL) saw its shares leap 15.5% to 5.7p in late-afternoon trading as the AIM-listed diamond miner confirmed the court sanctioning of its acquisition by Australian miner Newfield Resources Limited (ASX:NWF).Stellar said as a result of the ruling the last day of trading for its shares would be 26 April, after which they would be suspended on 27 April and cancelled from 30 A...Read More

Thor Explorations LTD CEO Lawson thrilled by initial drill results

14:23 25 Apr 2018 / Steve Darling

Thor Exploration LTD (TSXV:THX} CEO Segun Lawson is delighted by the initial drill results from the Segilola project in Nigeria.Lawson, who founded the Vancouver company, says the positive results further proves they are on the right track to making Segilola, the first large scale commercial gold mine in Nigeria.Lawson further adds they are expecting more drill results in May.  Meet Peninsula...Read More

Drilling Increases Renforth's Parbec Gold Deposit by 100 Meters Along Strike

Wed Apr 25 13:53:39 2018 / Renforth Resources

Renforth Resources Inc. (CSE:RFR) ("Renforth" or the "Company") is pleased to announce that 5 drill holes, totaling 1,269 metres, have been drilled to extend the Parbec deposit.Drill hole PAR-18-77 intersected 1.1 g/t Au over 7.5m, successfully extending the deposit strike by 100 m to the east of the deposit, the first drilling on the eastern end.Read full newsRead More

United Oil & Gas growing quickly and keen to carve out big deals

13:16 25 Apr 2018 / Andrew Scott

Brian Larkin, chief executive of United Oil & Gas Plc (LON:UOG), introduces the company to Proactive's Andrew Scott.Coming to the London market last July with two assets, one in the UK and one in Italy, the company's moved quickly to grow and create shareholder value.  Meet Peninsula Mines Ltd and Silver City Minerals Ltd at our event,Sydney, 07 May 2018.Register here >>Read More

OptiBiotix inks deal with Cambridge Commodities to distribute SlimBiome in UK

12:47 25 Apr 2018 / Andrew Scott

Stephen O'Hara, chief executive of OptiBiotix Health plc (LON:OPTI) tells Proactive's Andrew Scott they've entered entered into a non-exclusive agreement for Cambridge Commodities Ltd (CCL) to distribute their SlimBiome weight management technology in the UK.The SlimBiome product will be purchased from OptiBiotix and distributed as a specialised branded functional ingredient by CCL - a privately-o...Read More

Mosman Oil & Gas confirms reserves at Arkoma and Welch projects

12:35 25 Apr 2018 / Andrew Scott

John W Barr, chairman of Mosman Oil And Gas Ltd (LON:MSMN), discusses with Proactive Investors confirmed reserves at their Welch permian basin and Arkoma Stack Pay projects.Arkoma's been confirmed to have gross proved and probable (2P) reserves of 336,000 barrels oil equivalent, along with 2.4mln barrels of contingent resources.Net to Mosman, the 2P reserves amount to 64,000 boe. The company value...Read More

Savannah Resources unearths further higher grade lithium results at Mina do Barroso

12:32 25 Apr 2018 / Andrew Scott

David Archer, chief executive at Savannah Resources Plc (LON:SAV), discusses with Proactive's Andrew Scott more higher grade lithium results from their ongoing drill programme at the Mina do Barroso project in Portugal.Results from 12 holes confirmed further lithium containing mineralisation, including higher grade over what it describes as significant widths.Highlight lithium grades ranged betwee...Read More

Corvus Gold drills 33.5 m of 2.2 g/t Au at Mother Lode

2018-04-25 08:18 / Mr. Jeffrey Pontius reports

Mr. Jeffrey Pontius reportsCORVUS GOLD CONTINUES TO EXPAND DEPOSIT WEST, DRILL RESULTS INCLUDE 33.5 METRES @ 2.2 G/T GOLD, MOTHER LODE PROJECT, NEVADACorvus Gold Inc. has received results from three stepout holes in the southwest extension of the Mother Lode deposit highlighted by hole ML18-053 which returned 33.5 metres at 2.2 grams per tonne gold including 19.8 m at 3.3 g/t gold.Assay results re...Read More

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