Giga Metals (TSXV: GIGA; US-OTC: HNCKF) has tabled an updated preliminary economic assessment (PEA) on its Turnagain nickel-cobalt project in B.C., 65 km east of Dease Lake.The early-stage study suggests a two-stage, 37-year open pit operation, producing a high-grade nickel concentrate sold to smelters. According to the press release, this latest assessment confirms "the ability of Turnagain to pr...Read More
Adriatic Metals (LSE: ADT2; ASX: ADT) has signed agreements to raise US$28 million from two new investors - Queen's Road Capital Investment and the European Bank for Reconstruction and Development - following the recent release of a prefeasibility study on its flagship Vares silver project in Bosnia-Herzogovina.The investment from Queen's Road Capital consists of a US$20 million private placement...Read More
The extraction of metals and minerals is a capital intensive endeavour. Mining companies require hundreds of millions of dollars, and in many cases, billions, to take a project from exploration to production.Using data provided by Miningintelligence, we have ranked the mining companies that have raised the most capital year-to-date.Leading the pack is Australia's Newcrest Mining, raising nearly $...Read More
Oleg Novachuk and Vladimir Kim, the current and past chairman of Kaz Minerals (LSE: KAZ), are proposing a buyout offer of the pure-play copper company.Their company, Nova Resources, in which they own a 36.5% and 63.5% stake, respectively, already owns about 186 million shares of Kaz Minerals.Nova Resources is offering to buy Kaz Minerals for ?3 billion in cash at a price of 640 pence a share, whi...Read More
Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesAgile Mining - The Future is Smaller. Bigger is not always betterSPONSOREDproudfootIn both cases it will be industrial activity rather than investment which should underpin a strong price recovery.Read More
Australian lithium producer Pilbara Minerals (ASX: PLS) has signed a conditional agreement with a group of lenders to buy embattled rival Altura Mining for US$175 million.The West Perth-based miner would pay US$155 million upfront and in cash. It would also pay about US$20 million for the shares in Altura Lithium Operations upon successful completion of the deal.The cash portion will be mostly fun...Read More
Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesAgile Mining - The Future is Smaller. Bigger is not always betterSPONSOREDproudfootA From the Capital column on June 11 questioned whether so-called tight capital structures produce superior investment ret...Read More
Brixton Metals (TSXV: BBB) has entered a joint venture agreement on its wholly owned Hog Heaven project with High Power Exploration (HPX), a privately owned mining company led by billionaire and Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) founder Robert Friedland.The Hog Heaven project is an advanced stage silver-gold-copper-lead-zinc deposit with historical production located in Flathead County, Mont...Read More
The United States' ferrous scrap export market is enjoying renewed activity and better prices on both the East and West Coast, which is also working to tighten supply in the domestic market ahead of November's trade.On the East Coast, two additional cargoes were sold to Turkey this week at $292 per tonne for an 80:20 mix of No1 and No2 heavy melting scrap, $297 per tonne for shredded scrap an...Read More
Domestic steel rebar prices in south Europe dipped slightly due to slower buying amid lockdown fears, yet prices widened upward in the north on bullish offers from mills, sources told Fastmarkets on Wednesday October 28.Southern EuropeFastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered southern Europe was ?,?445-450 ($526-532) per tonne on Wednesday, down by...Read More
The enclosed and cramped spaces where miners work likely made it easy for the virus to spread, the Department of Health says.Read full newsRead More
The gold price has been falling since hitting an all-time high of $2,085 an ounce. I'd rather buy these dividend-yielding FTSE gold miners instead. The post Tempted by the gold price? I'd consider these 2 dividend-paying FTSE gold miners appeared first on The Motley Fool UK.Read full newsRead More
Mining lawyers say gold price, auto electrification provides spark for dealsRead full newsRead More
Newrange Gold Corp. is pleased to report that the Company is in rRead full newsRead More
Renforth Resources Inc. is pleased to inform shareholders that paRead full newsRead More
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TORead full newsRead More
The first half of 2020 was great for gold investors, as the COVID-19 spread across the world prompted investors to invest in the precious metal. In general, investors treat gold and gold-related assets as safe havens in times of uncertainties. That is the key reason why so many investors seemingly found it wise to take refuge in gold earlier this year.Why Gold prices have fallenA sudden increase i...Read More
Warren Buffett has been relatively quiet throughout 2020. The economic situation turned disastrous for investors big and small. The billionaire investor was already on high alert, as an inverted yield curve suggested a downturn was coming. The pandemic made sure of that and then some, with many economists believing there will be several crashes before we’re out of this poor market.It could b...Read More
Not many investors know the story of Benjamin Hornigold...Best known as Blackbeard's mentor and all-around cutthroat buccaneer, he was dubbed "the Pirate's Pirate" by many a historian.Hornigold had very humble beginnings. He began his legendary pirating career with a couple of canoes - yes, canoes - and terrorized merchant ships off the coast of Nassau. He continued adding to his fleet and within...Read More
Oct 29, 2020 Guest(s): Steve Hanke Professor of Applied Economics, Johns Hopkins University One of the main lessons from the last financial recession of 2008 is that the U.S. economy did not see double-digit inflation rates when quantitative easing was launched, said Steve Hanke, professor of applied economics of Johns Hopkins University. "All the gold bugs in the world said that the Fed was exp...Read More