Barrick Gold (TSX, NYSE:ABX), the world's top bullion producer by volume, has agreed to buy a 12.5% stake in fellow Canadian miner Royal Road Minerals (TSX-V:RYR) in a shares-deal worth about Cdn$1.6 million (roughly $1.3 million at today's rates).The transaction will see Barrick acquire 9,875,876 ordinary shares of Royal Road in a non-brokered private placement at a price of $0.16 per unit for t...Read More
The United States' top securities regulator has rejected arguments by Rio Tinto (LON:RIO) and two former top executives that its civil lawsuit claiming they tried to cover up multi-billion losses on a coal investment in Africa should be dismissed.Last week, the company, its former chief executive Tom Albanese, and its ex finance director Guy Elliott moved to have the case dismissed, arguing that t...Read More
https://www.reuters.com/NEW YORK (Reuters) – The top U.S. securities regulator on Tuesday rejected arguments by Rio Tinto Plc and two former top executives that its civil lawsuit claiming they concealed the plunging value of coal assets owned by the big Anglo-Australian mining company should be dismissed.In letters filed with the U.S. District Court in Manhattan, the Securities and Exchange...Read More
Published on: Jan 24, 2018 | by Meagan EvansNorthern Cobalt (ASX:N27) this morning announced that it has been granted an additional five tenements covering ground prospective for cobalt at the Wollogorang Cobalt Project in the Northern Territory.The new tenements surround the company's existing three tenements and lift its tenure at the project from 1131 square kilometres to 4986 square kilometres...Read More
Aston Bay Holdings Ltd. (TSX.V: BAY) is exploring for large, high-grade, sediment-hosted copper and zinc deposits in Nunavut, a mining-friendly Canadian jurisdiction. Aston Bay is 100% owner of the 1,024,345-acres (414,537-hectares) Aston Bay Property, located on western Somerset Island, Nunavut, which neighbors Teck's profitable past-producing Polaris Mine just 200km to the north. The Aston Bay p...Read More
A couple of days ago the White House announced that the President issued a 30 percent tariff on imported solar cells and modules, citing unfair competition from the Middle Kingdom.Today, thanks to very generous, and likely unsustainable subsidies, China produces about 60 percent of the world's solar cells and 70 percent of the world's solar modules.That being said, it should be noted that only abo...Read More
This is the worst chart on the internet. It stinks.It's a worthless economic clich?(C). Actually, it's the constantly recurring Shiller P/E (CAPE) ratio chart.It is special because Bob Shiller won a Nobel Prize five years ago, and he uses a cyclically adjusted P/E ratio that includes inflation from the previous 10 years.Here it is:Yes, it looks like this chart is high. If you believe in regression...Read More
The FBI Trump investigation is perfect fodder for the mainstream media. It fits the right versus left paradigm like a glove.It gives each side everything they desire. An enemy to hate. Someone to blame. And a good show.For the right, the text messages between agents on the investigation team prove that there was an anti-Trump bias. They feel vindicated in their choice of Trump. If he wasn’t...Read More
The FBI Trump investigation is perfect fodder for the mainstream media. It fits the right versus left paradigm like a glove.It gives each side everything they desire. An enemy to hate. Someone to blame. And a good show.For the right, the text messages between agents on the investigation team prove that there was an anti-Trump bias. They feel vindicated in their choice of Trump. If he wasn’t...Read More
CloseGain/LossGold $1341.00+$6.40Silver$17.05+$0.04XAU89.91+1.81%HUI202.74+2.57%GDM673.84+1.55%JSE Gold1265.07-3.70USD90.12-0.27Euro122.98+0.38Yen90.79+0.69Oil$64.47+$0.9010-Year2.646%-0.014T-Bond149.3125+0.625Dow26210.81-0.01%Nasdaq7460.29+0.71%S&P2839.13+0.22% The Metals: Gold gained $3.80 to $1338.40 in London before it dropped back to $1331.70 by midmorning in New York, but it then ext...Read More
- U.S. Senate pass a temporary spending plan through Feb. 8 to end shutdown- Markets shrug off both government shutdown and re-opening- Markets, government and media ignoring worsening US debt position- Gold responding positively to U.S. dysfunction, rising US Treasury yields & weaker dollar- U.S. government national debt is $20.6 trillion and increasing rapidly- 'Bonds, like men, are in a bea...Read More
Trade war and protectionism across the world should be bullish for gold, silver and other safe havens. US President Donald Trump slapped tariffs on imported solar panels and washing machines, his first major trade move. Chinese solar companies will be the looser. India had also imposed anti-dumping duty on Chinese solar panels. Every nation is following a "protectionism policy" under the garb of...Read More
FTSE 100 closes up 16ptsN Brown the biggest mid-cap faller after sales growth slowsIG and Marston's dip after their trading updateseasyJet flies to top of Footsie FTSE 100 closed in positive territory, up around 16 points, but miners sagged.The blue-chip benchmark finished up 0.21%, 16.39 points at 7,731, while FTSE 250 was also higher - up 16 points at 20,671.The US was having a c...Read More
Comstock Metals Ltd.(TSXV:CSL) ('Comstock' or the 'Company') is pleased to report on metallurgical test work recently completed on sample materials from the Preview SW deposit.Read full newsRead More
VVC Exploration Corporation ("VVC" or the "Company") (TSXV:VVC) announces the closing of subscriptions for a new equity non-brokered private placement financing (the "Equity Financing") .Read full newsRead More
BitFlyer - the largest exchange in the world with up to 30% of the global market and controls 80% of bitcoin trading in Japan - is launching its European service on Tuesday, after it received a license from Europe's financial regulator.Read full newsRead More
Deltex Medical Group plc (LON:DEMG) saw its shares slide 0.2p to 1.35p after it cashed in on recent share price strength.The company, which makes oesophageal Doppler monitoring medical devices, raised ?1.75mln (gross) through the issue of 140mln shares at 1.25p a pop.The placing price was the minimum level at which the shares were to be issued, according to an earlier statement from Deltex.The fu...Read More
Granada Gold Mine Inc. (TSXV:GGM) ("Granada Gold" or the "Company") announces a non-brokered private placement offering of up to 4,000,000 units ("Units") at a price of $0.25 per Unit for gross proceeds of up to $1,000,000.Read full newsRead More
ML Gold Corp. (TSXV:MLG) ('ML Gold' or the 'Company') is pleased to report it has intersected three long intervals with visible copper sulphide in the second, third, and fourth drill holes at its ongoing program at the Stars Project near the Huckleberry Mine in central BC.Read full newsRead More
Renforth Resources Inc. (CSE:RFR) ("Renforth" or the "Company") is pleased to announce that December 2017 drilling has extended the mineralized resource model horizons at Parbec by 60m on strike to the NW with gold intersected in each of seven holes.Read full newsRead More