Shares in dual-listed Dalradian Resources (TSX:DNA) (LON:DALR) soared around 52% in London and more than 59% in Toronto on Thursday after the company, which is developing a vast gold deposit in Northern Ireland, said it had agreed to be bought by Orion Mine Finance, in a desal that values the gold explorer at Cdn$537 million (about $230m).As part of the agreement, each Dalradian shareholder would...Read More
Continue...Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has se...Read More
Michael S. "Mickey" Fulp is a Certified Professional Geologist with over 29 years experience as an exploration geologist searching for economic deposits of base and precious metals, industrial minerals, coal, uranium, and water in North and South America and China. Mickey has worked for junior explorers, major mining companies, private companies, and investors as a consulting economic geologist fo...Read More
Canadian gold junior Lumina Gold (TSX-V:LUM) has inked a formal five-year earn-in deal with First Quantum Minerals (TSX:FM), which will see the copper miner contributing $1.5 million for moving forward with exploration at Orquideas and Cascas gold/copper concessions in Ecuador.The agreement gives First Quantum the option of investing an additional $37 million over the course of the last four yea...Read More
* Yields hover near lows despite big auctions from France, Spain* Concern over trade wars lingers as China warns U.S.* Draghi says “not optimistic” on trade wars* Euro zone periphery govt bond yields tmsnrt.rs/2ii2BqrBy Abhinav RamnarayanLONDON, June 21 (Reuters) - Euro zone bond yields hovered near recent lows despite a heavy slate of bond auctions due later on Thursday, with concern...Read More
Twenty-three of 27 Philippine mines assessed by a government panel for compliance with state regulations, including environmental laws, have passed the review, an official said on Thursday.Confirming an earlier Reuters report, the Mining Industry Coordinating Council found that four mines did not meet the criteria set by the government.The panel reviewed the 27 mines in the world's No. 2 nickel or...Read More
"I REALLY DON'T CARE, DO U?" written on the back of Melania's jacket, refers to the Fake News Media. Melania has learned how dishonest they are, and she truly no longer cares!Continue...Read More
Newmont Mining Corp. (NYSE: NEM) has sold Japan's Sumitomo Corp. a 5%-stake in its Yanacocha gold mine in Peru for $48 million, making the Asian trading house a partner in the business that also involves local miner Buenaventura.The US miner and Buenaventura's ownership interests in the mine, which was Peru's largest gold operation until output began falling in recent years, will be 51.35% and 43....Read More
shopping online will soon become more expensive, after the U.S. Supreme court ruled today that states can require Internet retailers to collect sales taxes.Continue...Read More
Rockhaven Resources (TSX-V:RK) updated its mineral resources to 686,000 indicated and 507,000 inferred gold ounces at its Klaza project in central Yukon.Rockhaven says its updated mineral resource estimates incorporate results from approximately 13,300 m of in-fill and expansion diamond drilling completed subsequent to the 2015 mineral resource estimate, and utilizes results from recent metallurg...Read More
Despite the recent job creation, improving wages and falling unemployment, almost a quarter of US citizens said they still have no emergency savings, according to Continue...Read More
Bob Moriarty of 321 Gold calculates what South32's acquisition offer for Arizona Mining means to the value of another company with a similar resource. Akie Camp, Cardiac CreekOn June 17th, 2018 an Australian company named South32 Ltd. (S32:ASX) agreed to buy the remaining 83% of shares in Arizona Mining Inc. (AZ:TSX) in a deal that values all of Arizona Mining at $2.1 billion Canadian pesos. The...Read More
"We've broken down and violated a lot of key levels in gold."Continue...Read More
Sector expert Adrian Day looked at two 'favorite' junior explorers he considers 'good buys at current levels.' Lara Exploration Ltd. (LRA:TSX.V) (0.59) released some very strong results from channel sampling at a new polymetallic property in Peru. The Puituco Project returned 4.6% zinc, 4.9% lead and 27 grams per ton over 42.6 meters. These results make it more likely that Lara can execute a good...Read More
Precious metals expert Michael Ballanger explains why he believes gold is bottoming. Today's missive is going to be brief as there are no need for words when you have the chart below indicating every major low in gold was accompanied by an RSI reading below 30. GLD (the physical gold ETF) is sporting a 27.46 RSI this morning and while we have seen readings lower than this at other bottoming perio...Read More
Investors usually seek safety in U.S. debt, but Russia cut its holdings of US Treasuries by about half in April Continue...Read More
Japan has requested dispute consultations at the World Trade Organization (WTO) regarding South Korean anti-dumping duties levied on stainless steel bars from Japan, the WTO said on June 21."Japan claims a third sunset review by [the South] Korean authorities, which led to a decision to maintain the duties [on stainless steel bar imports from Japan] was not carried out in accordance with the WTO's...Read More
(Bloomberg) - The biggest threat posed by South Africa's new Mining Charter may be to mines that haven't been dug yet.The draft rules, published Friday by Mineral Resources Minister Gwede Mantashe, lay out several requirements for new mining rights, including that nearby communities and employees each get a 5 percent free-carried interest in either the asset or the company that owns it. The charte...Read More
Unusually quiet trading activity in molybdic oxide and alloys markets has pressured down prices in Europe so far this week, with the prospect of further falls if emerging offer prices for oxide are accepted and while steelmakers appear reluctant to buy alloys in a weakening market, sources said. Metal Bulletin assessed European molybdic oxide prices at $11.10-11.20 per lb in-warehouse Rotterd...Read More
Finnish stainless steelmaker Outokumpu's alloy steel surcharges for July deliveries of grade-304 cold-rolled (CR) stainless steel sheet have risen for the sixth consecutive month, the company's website announced on Thursday June 21.The company's July alloy surcharge for 2mm grade-304 CR stainless steel sheet is ?,?1,647 ($1,907) per tonne, a sharp increase from its June surcharge of ?,?1,527 per t...Read More