Mabiza Resources and its major investor, London-based Consolidated Nickel Mines (CNM) announced that operations have been resumed at the Munali nickel mine in southern Zambia.The restart is taking place following a $50-million refurbishment that included the re-engineering of all key technical aspects of the project, from reinterpreting the orebody and changing the mining method, to revising the m...Read More
Highland Gold Mining Limited (LON:HGM) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of HGM, it is a depend...Read full newsRead More
Lumina Copper has halted operations at its Caserones mine, in Chile's northern Atacama region, following the death of one of its contractors.The company, majority-owned by Japan's top smelter, JX Nippon Mining & Metals, in conjunction with fellow miners Mitsui Mining and Mitsui Co., said the fatal accident happened on Tuesday afternoon outside the truck shop.Lumina noted the cause of the accident...Read More
Botswana's state-run Okavango Diamond Company unveiled on Wednesday what is believed to be the largest blue diamond ever discovered in the southern African country, which is one of the world's top producers.The 20.46-carat, oval-shape fancy precious rock has been named "The Okavango Blue" in honour of the Okavango Delta, the country's wildlife-rich world heritage site.From all coloured diamonds, b...Read More
Highland Gold Mining Limited (LON:HGM) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of HGM, it is a depend...Read full newsRead More
Lundin Mining's (TSX: LUN; NASDAQ: LUMI) proposed acquisition of Yamana Gold's (TSX: YRI; NYSE: AUY) Chapada copper-gold mine in Brazil for US$800 million in cash will boost its copper production over 25% per year, and add 100,000 oz. gold to annual production.The open-pit operation in Goias state could produce 54,500 tonnes copper (120.2 million lb.) and 100,000 oz. gold this year, at co-product...Read More
Global stock and bond markets continue to be driven by the macros of a possible trade deal, accommodative central banks, weaker earnings, continued stock buybacks, and rising government debt.Gold is driven by these same macros, but it has the additional price driver of seasonal Chindian physical market demand.It's currently the soft season for physical demand, but the rest of the price drive...Read More
Marijuana and tech stocks maybe the hottest new investments that have created multiple millionaires in recent years, but it is junior gold miners that offer similar if not more potential with less risk for investors seeking outsized returns. The heady days of the 70s and 80s when massive mining booms were minting millionaires virtually overnight may have come to an end, but there are many gold pro...Read More
Looking for a reliable income producing investment that bolsters the defensiveness of your portfolio and helps to hedge against risk as well as growing economic uncertainty? Look no further than precious metals streamers.The latest sharp pullback in gold and silver has created an opportunity for investors to boost their exposure to precious metals and protect their portfolios against a looming e...Read More
From electric vehicles to insecurity about recession to a novel spin on Brexit investment, there's a lot to be said for getting into precious metals. Let's break down the stats for several of the best gold stocks before heading over to two tech-centric plays for a capital gains investor.Brexit investors should be going for gold With a temporary reprieve from Brexit, the British economy is still c...Read More
The current stock market is the most dangerous stock market I have seen in my 34+ year career as a financial markets professional. This includes 1987, 1999-2000 and 2007-2008. The run-up in stocks has been largely a product of momentum-chasing hedge fund algos on behalf of the large universe of sophisticated hedge funds which are desperate for performance. In the context of the obviously deteriora...Read More
FOR SEVERAL YEARS WE HAVE STATED THAT THE PRICE OF GOLD IS BEING MANIPULATED BY THE BANKERS, CENTRAL BANKERS AND BROKERAGE HOUSES. WHY DO THEY DO IT? BECAUSE IF GOLD MOVES MUCH ABOVE THE $1300 RANGE IT IS AN INDICATION THAT INFLATION IS MORE THAN THE 1% TO 2% IT IS REPORTED TO BE, INTEREST RATES WILL RISE AND IT WILL CAUSE THE STOCK MARKET TO DECLINE. SO THE MANIPULATION W...Read More
Vale (BZ: VALE3) said earlier a court ruling meant it could fully restart its Brucutu operations, which would return 30 million tonnes of production annually, however it did not lift its revised sales guidance due to heavy rains in March and April impacting production elsewhere. Vale closed 3.45% higher in Brazil but Australian iron ore miner Fortescue Metals Group (ASX: FMG) was down 6.7% at...Read More
The pair petitioned the US Department of Commerce under Section 232 of the Trade Expansion Act of 1962 in January 2018, seeking a 25% quota in America's nuclear market for domestic production and a "buy American" policy for US government entities that use uranium. They said the DOC had submitted its report to the White House on April 14 and president Donald Trump had 90 days from then to act...Read More
Prospecting on the Alder Zone at the Wilding Lake gold project in central Newfoundland. Source: Altius Minerals Corp.Altius Minerals Corp. [ALS-TSX; ATUSF-OTCQX] said Wednesday April 17 that it expects to have record attributable royalty revenue of $21.5 million (50 cents a share) for the quarter ended March 31, 2019. That marks an increase of 36% increase from the comparable quarter in 2018, and...Read More
Larry Reaugh, President & CEO of American ManganeseAmerican Manganese Inc. [AMY-TSXV, AMYZF-OTCPINK] on Wednesday April 17 unveiled a company innovation for recycling cathode materials from spent lithium-ion batteries.It is called RecycLico Patented Process."As pioneers in the advanced lithium-ion battery recycling market, American Manganese and its RecycLiCo Patented Process aim to promote a...Read More
"The Aussies are scared, and they should be." Those words floated over to me earlier this morning. At first, I thought my colleague Christian DeHaemer was talking to himself. The sun was just barely peeking out over Baltimore's harbor, and the first drops of coffee were still dripping into the pot. "When Trump closes that deal, Keith, just watch them panic," he continued, "and we're gonna get nice...Read More
Adrianne Kroepsch, assistant professor of humanities, arts and social sciences at Colorado School of Mines, is the co-winner of the 2019 Professional Geographer Award from the Energy and Environment Specialty Group of the Association of American Geographers.The award is given once a year to recognize the author or authors of a paper published in a peer-reviewed journal based on its originality, si...Read More
Millennial Lithium (TSXV: ML; US-OTC: MLNLF) has doubled the measured and indicated resource at its Pastos Grandes lithium project in Salta, Argentina.The project now contains 18 billion measured and indicated cubic metres brine grading 427 milligrams per litre lithium and 4,440 milligrams per litre potassium for 4.12 million tonnes lithium carbonate-equivalent and 15.3 million tonnes potassium ch...Read More
Nevada Copper (TSX: NCU) has released a new prefeasibility study for an open-pit mine at its Pumpkin Hollow project in Nevada, where it is building a standalone underground operation that it expects to be in production in the fourth quarter of 2019.The updated PFS contemplates a phased approach with an initial mining rate of 37,000 short tons per day (std) with subsequent and flexible expansion to...Read More