Mr. Jean Martineau reports DYNACOR ENDS 2017 SURPASSING US $100 M IN SALES AND REPORTS A NET INCOME OF US$ 3.8 M Dynacor Gold Mines Inc. has released its audited consolidated financial statements and the management's discussion and analysis (MD&A) for the year ended Dec. 31, 2017. These documents have been filed electronically with SEDAR and will be available on the corporation's website. All...Read More
Miners operating in the Democratic Republic of Congo submitted Thursday a new proposal for the government related to the recently passed new mining code, which substantially increases the cost of doing business in the central African nation.The likes of Glencore, Randgold, Zijin, China Molybdenum and Ivanhoe, among others, are suggesting a sliding scale of royalty rates for key commodities instead...Read More
TORONTO - Peter Munk, a Canadian immigrant who founded Barrick Gold and turned it into the world's largest gold producer, died Wednesday. He was 90. His daughter Nina Munk saidRead full newsRead More
Shares of gold miners have fared worse than the precious metal itself over the past year-a development that is fueling concern about bullion's ability to keep climbing.Read full newsRead More
Wheaton Precious Metals Inc. (TSX:WPM)(NYSE:WPM) has a unique and exciting business model that allows it to reward investors with relatively low risk and a variable dividend.Read full newsRead More
South Africa's Gold Fields (JSE, NYSE: GFI) and Canada's Asanko Gold (TSX: AKG) are teaming up to develop one of Ghana's newest gold mine, the Asanko Gold Mine (AGM), is located in the country's Ashanti Region.As part of the deal, Gold Fields is acquiring a 50% stake in Asanko's local subsidiary, which gives it a 90% ownership in AGM, for a total of $203 million. The Vancouver-based firm is also g...Read More
Salt Lake City, Utah: 28 March 2018 - Boart Longyear announces it is adding new exploration drill rigs to its Drilling Services fleet around the world to meet the demand of expanding exploration budgets.Latin AmericaIn Chile, a brand new LF?,,?160 top-drive coring rig is being added to a current customer project where two LF160 rigs are already working onsite. The LF160 rig paired with the FL262 F...Read More
Former Export Development Canada senior manager Amelie St-Onge has joined leading privately-owned international mining software company Micromine as its Canada regional manager, based in Vancouver.Staff reporter29 MARCH 201829/03/2018commentsshareSt-Onge, who has a Queen's University MBA, spent the past nine years with Export Development Canada, most recently leading development of EDC's relations...Read More
Mining contractor Watpac (ASX: WTP) is considering an exit from mining as failure to secure new work hampers its expected full-year results.Staff reporterWatpac weighs mining exit29 MARCH 201829/03/2018commentsshare The company said this week that due to the disappointing performance of its mining business and the impact of legacy residential projects, it expected to post a full-year underlying ne...Read More
Salt Lake City-headquartered Boart Longyear said this week it had added a handful of new drill rigs to a global fleet that shrunk last year by 19%. The penny stock that continues to trade on the ASX (BLY) after last year's massive debt-for-equity debt restructuring says "expanding exploration budgets" have spurred rig purchases in the Americas and Africa.Staff reporter Boart Longyear has added a h...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold fell $20.10 to $1,324.40 on Wednesday. The TSX Venture Exchange fell 18.61 points to 784.22 while the TSX Gold Index fell 3.55 points to 184.04. Most Canadian gold miners lost ground today, some taking a big hit. Pre...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Wednesday was a bleak 53-108-129. The TSX Venture Exchange fell 18 points to 784 while polished diamond prices inched higher. Dr. Stewart Blusson's Archon Minerals Ltd. (ACS) jumped 28 cents to $...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for May delivery lost 87 cents to $64.38 on the New York Merc, while Brent for May lost 58 cents to $69.53 (all figures in this para U.S.). Western Canadian Select traded at a discount of $23.40 to WTI ($...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange dropped 18.61 points to 784.22 Wednesday.Zula Kropivnitski's halted Spirit Bear Capital Corp. (SBG: $0.29) has firmed up plans to acquire FinX Solutions Inc. as its qualifying transaction. Spirit Bear, with 9.4...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellThe Investment Industry Regulatory Organization of Canada has imposed a six-month ban and $55,000 in financial penalties on Steven Fred Bodon, a brokerage employee of 31 years. The regulator said that Mr. Bodon inflicted substantial losses in the acco...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellBrian Robert Sodi, the Florida stock tout also known as the "Mailman," has pleaded not guilty to charges he faces for a $1.1-million OTC Markets scheme. (All figures are in U.S. dollars.) Mr. Sodi, 46, entered the plea in an appearance on Monday, Marc...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for May delivery fell 30 cents to $65.25 on the New York Merc, while Brent for May lost one cent to $70.11 (all figures in this para U.S.). Western Canadian Select traded at a discount of $23.40 to WTI ($...Read More
Edmonton-based Grizzly Discoveries announced its intentions to purchase the cobalt-copper-silver "Robocop Property," located within the Fort Steele Mining District in southeastern British Columbia.In detail, the property is located east of the company's Greenwood property or approximately 45 kilometres south of the town of Fernie, immediately north of the Canada-US border. Robocop is comprised of...Read More
Melanie and Peter MunkWith great sadness, Barrick Gold founder Peter Munk passed away today. Last Spring I wrote a lengthy essay on who should be included in a historic Top Ten List of Canadian Mining Men. Peter Munk made the number one spot. Here is why. – Stan Sudol1) Peter Munk – Canada's Godfather of Gold (Barrick Gold)In November 2005, Peter Munk launched a takeover bid of histor...Read More
Gold is back above US$1,350 per ounce, yet many of the producers continue to linger near their 12-month lows.Let's take a look at the current situation to see whether this is the right time to add the miners to your portfolio.Fear tradeGold recently surged from US$1,310 to US$1,355 on fears that a global trade war is about to erupt.What's going on?U.S. President Donald Trump is threatening to slap...Read More