Despite reporting increased revenue and operating earnings in 2017's last quarter, U.S.-listed Compass Minerals (NYSE:CMP) announced today that management fired 48 permanent workers from Goderich, the world's largest underground salt mine.The mine, named after the Ontario town where it is located, sits 1,800 feet under Lake Huron and provides a large portion of the 12.5 million tonnes of salt proc...Read More
Vancouver-based Fremont Gold (TSX.V: FRE) announced today that it has entered into an option agreement with Ely Gold Royalties and its wholly-owned subsidiary Nevada Select Royalty to acquire 12 unpatented lode mining claims covering approximately 100 hectares in Elko Country, Nevada.The claims sit on the northern Carlin Trend, which is the second richest gold province in the world, with total his...Read More
Canadian oil producers can't get a break...Read full newsRead More
Centenera Mining Corporation (TSXV:CT; OTC:CTMIF) reports that drilling has begun at the Esperanza Copper-Gold Project, San Juan Province, Argentina.Read full newsRead More
Vancouver, one of the hottest housing markets in North America, is getting a little tougher for wealthy Chinese buyers.Read full newsRead More
Spearmint Resources Inc. (TSXV:SRJ) (OTCBB: SPMTF) (FSE: A2AHL5) ('SRJ' or the 'Company') is very pleased to announce that the first drill program on Spearmints Lithium Project in the world-renowned lithium basin in Clayton Valley, Nevada has now commenced.Read full newsRead More
1:15 am: UKOG slumps while Falcon Oil & Gas advancesShares in onshore explorer UK Oil & Gas Investments PLC (LON:UKOG) tumbled around 13% on Wednesday as investor continued to react unfavourably to the latest well results from southern England.Yesterday, the company revealed that the Broadford Bridge well - which is testing the Kimmeridge play within the Weald basin - flowed between 10 and...Read More
Another day, another bank reporting results, with Barclays PLC (LON:BARC) the latest the post its full-year results on Thursday.Like its peer, the FTSE 100-listed lender is facing some large exceptional items which are going to drag down its reported profits for 2017, one of which is a ?1bn charge to profits thanks to President Trump's US tax reforms.However, that charge does mean in the meantime...Read More
Southern Copper Corp was declared the winner on Tuesday of the Peruvian government's first auction of the Michiquillay copper project, the first tender in nearly a decade.According to a statement by Southern Copper, controlled by conglomerate Grupo Mexico won the tender with a proposal to transfer $400 million to the government and pay 3% royalties.Southern Copper affirmed Peruvian investmen...Read More
Keith Allaun, chairman at the waste-to-Energy specialist PowerHouse Energy Group Plc (LON:PHE), talks Proactive's Andrew Scott through their deal with Wrightbus Ltd, a company that builds innovative hydrogen powered buses.The memorandum of understanding is expected to lead to a definitive deal for a venture with Powerhouse supplying its Distributed Modular Gasification (DMG) system and Wrightbus s...Read More
Markku Jalkanen, chief executive at Faron Pharmaceuticals Oy (LON:FARN), caught up with Proactive following their ?15mln funding aimed at accelerating the development of its two lead products.Jalkanen says the funds will allow them to prepare the way to market for Traumakine, a treatment for Acute Respiratory Distress Syndrome (ARDS).Results from a phase III trial (INTEREST) are expected early in...Read More
Weir Minerals announced the expansion of its extensive dewatering solutions portfolio with the global launch of the Multiflo (R) RF dewatering pump unit. The new Multiflo (R) RF range sets the benchmark for dewatering pump units, expertly engineered in a compact package, offering customers a light and flexible solution.Peter Smit, Product Manager for Weir Minerals Dewatering, explains: "We devel...Read More
Feb 21 (Reuters) - Hochschild Mining Plc expects production to grow slightly this year as it ramps up output at the Pablo vein at its Pallancata mine in Peru, the precious metals miner said on Wednesday.The company, which also operates in Argentina and Chile, has been spending on brownfield exploration and discovered high-grade resources adjacent to the main Pablo vein in Pallancata.Hochschild sai...Read More
Tony Gilby, managing director of Tlou Energy Limited (LON:TLOU), discusses with Proactive's Andrew Scott their huge increase in reserves at the Lesedi and Mamba coal bed methane projects in Botswana.Proved and probable reserves (2P) jumped 944% to 40.8 billion cubic feet (BCF) 3.9 from BCF, while the less certain 3P category rose by 63% to 426.6BCF from 261.1BCF. Meet Medusa Mining, Cora Gol...Read More
Investment bank gives brownfield copper-gold developer buy ratingRead full newsRead More
Andriyko Herchak, CEO of FinCanna Capital Corp. (CSE:CALI), was recently interviewed by Mark Bunting, Media Publisher of Capital Ideas Research to learn more about FinCanna, their royalty model and portfolio.See below for an snippet of the interview as well as a link to the video.Mark Bunting:We know that in the U.S., cannabis is still illegal federally, but on a state by state basis, it's legal...Read More
Martin Eales, chief executive of Rainbow Rare Earths Limited (LON:RBW), tells Proactive they're expecting to commission the new processing plant at the Gakara mine later this month, after which the scale of mining should pick up sharply.He says the the plant is now running as designed and final adjustments have been completed. Meet Medusa Mining, Cora Gold, Group Eleven Resources Ltd., Harve...Read More
Mr. Mark Kolebaba reportsADAMERA MINERALS 2017 PRESIDENT'S LETTERIn conjunction with the annual general meeting ofAdamera Minerals Corp.on Thursday, Feb. 22, 2018, Mark Kolebaba, president and chief executive officer, has issued a president's letter to the shareholders detailing corporate and exploration activities in 2017. A technical overview of the projects will be presented at the meeting. The...Read More
Jamal Rushdy, chief executive of Collagen Solutions PLC (LON:COS), discusses with Proactive the successful results from an eight-year extension clinical study of patients who received ChondroMimetic (R) implants for the repair of cartilage defects in the knee.Rushdy says the positive results have now allowed them to submit an initial submission for a CE Mark. Meet Medusa Mining, Cora Gold, G...Read More
Mr. Vishal Gupta reportsCALIFORNIA GOLD ANNOUNCES CONTINUED POSITIVE ASSAYS FROM RESOURCE DRILLING AT QUEEN SPECIMEN ZONE - INTERSECTS 28.4 M OF 1.22 G/T AU, INCLUDING 6.3 M OF 2.66 G/T AU AT ITS FREMONT GOLD PROJECTCalifornia Gold Mining Inc. has released the second set of assay results from the recently commenced resource drilling program at the Queen Specimen zone at its flagship Fremont projec...Read More