Mining Stocks Articles

#Tencent Hits #Tech as Treasuries, Dollar Advance: Markets Wrap

Wed Aug 15 12:23:51 2018 / Bloomberg Markets

U.S. stocks had their worst day in seven weeks Wednesday amid a broad decline in global equities as technology shares were roiled by disappointing results from Chinese internet giant Tencent Holdings Ltd. and copper sank into a bear market, weighing on commodities. Crude oil slipped below $65 a barrel following a report that American stockpiles rose the most since March 2017.Read full newsRead More

#Constellation extends #pot bet with a $3.8 billion investment in #cannabis grower #Canopy $WEED

Wed Aug 15 12:23:43 2018 / Bloomberg Markets

Constellation Brands Inc., which for seven decades has made its money off beer, wine and whiskey, sees its future in a marijuana leaf.Read full newsRead More

#Tesla's Board Throws Elon #Musk Under The Bus | Zero Hedge

Wed Aug 15 12:22:44 2018 / Staff reporter

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Osisko Mining to acquire Beaufield Resources

Aug. 15, 2018, 11:57 AM / Michael Allan McCrae

Osisko Mining (TSX: OSK) will acquire all remaining shares of the Canadian exploration company, Beaufield Resources (TSX-V: BFD). Osisko, which announced the purchase plan yesterday, says Beaufield shareholders will receive 0.0482 of a common share of Osisko in exchange for each Beaufield share held. Osisko says the price is a premium of approximately 54% based on the 20-day volume weighted averag...Read More

Osisko Mining to acquire Beaufield Resources

Aug. 15, 2018, 11:57 AM / Michael Allan McCrae

Osisko Mining (TSX: OSK) will acquire all remaining shares of the Canadian exploration company, Beaufield Resources (TSX-V: BFD). Osisko, which announced the purchase plan yesterday, says Beaufield shareholders will receive 0.0482 of a common share of Osisko in exchange for each Beaufield share held. Osisko says the price is a premium of approximately 54% based on the 20-day volume weighted averag...Read More

Hexagon expands Mining division's channel program

Aug. 15, 2018, 11:56 AM / Hexagon Mining

TUCSON, ARIZONA, AUGUST 15, 2018 - Hexagon's Mining division is broadening its customer reach with a Channel Partner Program launched today. Four authorized partners are already signed up for the program, which Hexagon hopes will open up new markets and connect products with mines that need them."We have the solutions to help mines relieve the immense pressure to cut costs and improve safety," s...Read More

BRIEF-Shandong Gold Mining's H1 Net Profit Down 0.9 Percent Y/Y

Wed Aug 15 11:47:35 2018 / Staff reporter

Aug 13 (Reuters) - Shandong Gold Mining Co Ltd: * SAYS H1 NET PROFIT DOWN 0.9 PERCENT Y/Y AT 612.0 MILLION YUAN ($88.93 million) Source text in Chinese: https://bit.ly/2vFYaex Further company coverage: ...Read full newsRead More

RT @markets: #5things -Lira rises -Commodities slump -Retail sales data due -Markets slip -Primary women

Wed Aug 15 11:35:04 2018 / Bloomberg Markets

Get caught up on what's moving markets.Read full newsRead More

RT @tbiesheuvel: Keeps getting uglier for platinum. Prices haven't been this low since the GFC a decade ago

Wed Aug 15 11:33:42 2018 / Thomas Biesheuvel

From Turkey's financial crisis to China's trade war, the emerging-market contagion is infecting metal markets.Read full newsRead More

Pan Orient Energy loses $151,000 in Q2 2018

2018-08-15 10:17 / Mr.Jeff Chisholm reports

Mr.Jeff Chisholm reports PAN ORIENT ENERGY CORP.: 2018 SECOND QUARTER FINANCIAL & OPERATING RESULTSPan Orient Energy Corp. has released its 2018 second quarter consolidated financial and operating results.The Company is today filing its unaudited consolidated financial statements as at and for the six months ended June 30, 2018 and related management's discussion and analysis with Canadian sec...Read More

Donlin Gold Project gains two key permits for Southwest Alaska mine

Wed Aug 15 10:07:06 2018 / Staff reporter

BETHEL-The huge Donlin Gold Project in the Yukon-Kuskokwim Delta cleared a major hurdle on Monday.Read full newsRead More

South Africa's Gold Fields plans to cut jobs in mine restructuring

Wed Aug 15 10:07:04 2018 / Staff reporter

South Africa's Gold Fields said on Tuesday it plans to cut costs and 1,100 jobs at its struggling South Deep mine, sending its shares down more than 12 percent.Read full newsRead More

Gold Fields Restructures Huge Unprofitable South Africa Mine

Wed Aug 15 10:07:03 2018 / Staff reporter

After years of losses and failed turnarounds, Gold Fields Ltd. is having to come up with another plan to save its massive South Deep mine. Its shares plunged.Read full newsRead More

Zimbabwe: Gold Panning in Midlands Causes Surge in Violence

Wed Aug 15 10:07:03 2018 / Staff reporter

Godbless Sango (23), an artisanal miner from Silobela in rural Kwekwe will forever rue the day he hit "a score" at the pits.A score in gold-panning lingo is when one strikes it rich by getting a lot of the precious mineral.Read full newsRead More

Gold Fields Forced Back to the Drawing Board on South Deep

Wed Aug 15 10:07:02 2018 / Staff reporter

After years of losses and failed turnarounds, Gold Fields Ltd. is having to come up with another plan to save its massive South Deep mine. Its shares plunged.Read full newsRead More

BRIEF-Shandong Gold Mining's H1 Net Profit Down 0.9 Percent Y/Y

Wed Aug 15 10:07:02 2018 / Staff reporter

Aug 13 (Reuters) - Shandong Gold Mining Co Ltd: * SAYS H1 NET PROFIT DOWN 0.9 PERCENT Y/Y AT 612.0 MILLION YUAN ($88.93 million) Source text in Chinese: https://bit.ly/2vFYaex Further company coverage: ...Read full newsRead More

#Russia has joined governments all over the world in asking for more from its miners ($) |

Wed Aug 15 09:53:52 2018 / Staff reporter

Russian tax proposal sends shock waves through the country's mining industryRead full newsRead More

Gold Fields restructures South Deep, affecting 1,560 staff

Wed Aug 15 09:17:16 2018 / Staff reporter

NICK Holland's hope that "green shoots" had appeared in respect of Gold Fields' South Deep production plans came to nought today after the group announced a profound restructure of the West Rand operation, cutting 1,560 permanent and contractor jobs, potentially slashing gold output, and impairing the mine by R4.8bn. Holland said only two weeks agoRead full newsRead More

Skeena Resources begins drilling Eskay Creek

2018-08-15 08:15 / Mr. Walter Coles Jr. reports

Mr. Walter Coles Jr. reportsSKEENA COMMENCES DRILLING AT ESKAY CREEK GOLD-SILVER PROJECTSurface drilling has commenced at Skeena Resources Ltd.'s Eskay Creek gold-silver project located in the Golden Triangle of British Columbia. Eskay Creek lies within the traditional territory of the Tahltan First Nation and Skeena has an excellent working relationship with the Tahltan central government.This fi...Read More

Rio Tinto closer to selling $6bn stake in Iron Ore of Canada

Aug. 15, 2018, 7:26 AM / Cecilia Jamasmie

Rio Tinto (LON, ASX, NYSE:RIO), the world's second-biggest producer of iron ore, is closer than ever to selling its $6 billion-stake in Iron Ore Company of Canada (IOC), as it hired investment bank Credit Suisse.Likely bidders include ArcelorMittal and Teck Resources.The miner, which owns 58.7% of the Canadian producer, is said to have been already approached by ArcelorMittal and Teck Resources,...Read More

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