Great Bear Resources (TSXV: GBR) is raising $33 million in an upsized (from $20 million previously) bought deal private placement. The syndicate of underwriters is led by Canaccord Genuity, with Great Bear issuing 1.47 million flow-through shares at $17 per share and 725,000 common shares at $11.04 each.Gross proceeds from the flow-through portion of the offering will be allocated towards eligible...Read More
Canada-based ferro-titanium producer Metalliage has restarted ferro-titanium production at its Quebec-based plant, almost seven weeks after it shut operations due to the Covid-19 pandemic. The company is reopening after local authorities in the Canadian province on April 5 extended its original shutdown of all non-essential businesses to May 4. The plant has been shut since the provincial governme...Read More
RNC Minerals (TSX: RNX) is making its status as a gold-focused company official, announcing the acquisition of a third gold project in Australia, and proposing a name change to Karora Resources.RNC already operates the Beta Hunt and Higginsville gold operations in Western Australia, and holds a 28% stake in the advanced Dumont nickel project in Quebec. Now, it's signed an agreement to purchase the...Read More
NexGen Energy (TSX: NXE; NYSE: NXE) has signed a US$30 million financing agreement with Queen's Road Capital Investment (TSXV: QRC) and plans to use the funds to advance work at its flagship Arrow deposit, part of the company's Rook 1 project in Saskatchewan."Warren Gilman, chairman and chief executive officer of Queen's Road Capital, is a long-time shareholder and supporter of NexGen and also joi...Read More
Adriatic Metals (LSE: ADT1; ASX: ADT), which until now has focused its efforts in Bosnia-Herzegovina, is diversifying into neighbouring Serbia, with the acquisition of Tethyan Resource (TSXV: TETH) in an all-share deal worth US$10 million.Tethyan has two brownfield projects in southwestern Serbia: the Kizevak zinc-lead-silver project, which consists of two past-producing open-pit mines, and the Ru...Read More
This episode features excerpts from Newmont's May 5, 2020, conference call. Newmont president and CEO Tom Palmer discusses how the company is dealing with the coronavirus and its impact on mining operations. He also explains how the company's "long-term value proposition remains unchanged," with plans for further dividend increases and stock buybacks. Also, COO Rob Atkinson describes how the compa...Read More
Russia's Alrosa, the world's top diamond producer by output, saw sales for rough and polished diamonds fall to US$15.6 million in April, as the coronavirus pandemic continues to hit demand.The figure compares to the US$152.8 million the diamond miner fetched in March and the US$405 million in January.Deputy CEO, Evgeny Agureev, said restrictions to slow down the spread of the virus and falling dem...Read More
Canadian precious metals producer SSR Mining said it would to buy Alacer Gold in an all-stock deal valued at C$2.41 billion ($1.72 billion), adding heft as gold prices surge due to demand for the yellow metal in an uncertain economy.Read full newsRead More
"$LSGOF $LDSCY - Land Securities Group PLC (LSGOF) CEO Mark Allan on Q4 2020 Results - Earnings Call Transcript. https://t.co/zmlMs2NNfh #markets #investing #economy"Read full newsRead More
Maxtech Ventures is pleased to announce that the drill program on its flagship Panama Lake gold property including a month long expanded field program will begin this Friday May 15th.Read full newsRead More
Otso Gold Corp. is pleased to announce that the Company has executed a draw-down equity financing facility of up to $8,000,000 CDN with Alumina PartnersRead full newsRead More
QMX Gold Corporation is pleased to report that it will resume all its scheduled exploration activities, including diamond drilling on its Bonnefond deposit, following the announcement of the Quebec government that all exploration activities can recommence on May 11th.Read full newsRead More
Renforth Resources is pleased to provide shareholders with a pit constrained gold Mineral Resource Estimate for Renforth's wholly owned New Alger Property, located on the Cadillac BreakRead full newsRead More
Red Pine Exploration Inc announces the discovery of a new mineralized gold zone, beneath the Surluga Deposit, during its on-going exploration program at its Wawa Gold ProjectRead full newsRead More
Given the fact that none of us know how long this downturn will last, those who want to move some of their holdings away from growth companies and into defensive names would be right to do so, in my view. In this article, I’m going to discuss three excellent defensive picks for long-term investors. With these picks, investors will ride out the economic storm and earn a handsome profit over t...Read More
You all know the golden rule, “He who has the gold, makes the rules.” The years of central bank experimentation are starting to show the flaws in the system. Gold miners are certainly making money off the move toward gold.I have liked gold companies as investments for a number of years. Global debt levels are ridiculously high, and the recent government spending regimen has certainly n...Read More
For many investors, you may be wondering whether it’s a good time to buy TSX stocks.The economy was shut down and stocks sold off in late February and early March. However, since that time, provinces and states in North America have begun to reopen — and the market has rebounded tremendously.Perhaps you’re interested in buying stocks today but aren’t sure if it’s a go...Read More
RPMGlobal's HAULSIM mining simulation tool. Credit: RPMGlobal. Arianne Phosphate is using RPMGlobal's leading mining simulation product, HAULSIM, to optimize key haulage routes for the development of its Lac ? Paul phosphate project in Quebec.Using HAULSIM during the critical engineering study phase allows the company to evaluate several haulage scenarios and effectively link the Lac ? Paul pr...Read More
Image from Inmarsat. Inmarsat, a leader in global, mobile satellite communications, has released a new research study that confirms the global mining industry is going through an IoT revolution, with significant increases in adoption of Internet of Things (IoT) technology.Entitled The Rise of IoT in Mining, the report is the third IoT-focused research project undertaken by Inmarsat and focuses...Read More
Who can you trust? It's a big question popping up in a number of places in this strange new world we live in. In the U.S., trust in state governments has been front-page news since anti-lockdown protests started taking off. Beyond that, new polls suggest that many Americans trust disease experts when it comes to information about the virus. On the other hand, the media and the federal governme...Read More