LUBIN, Poland, May 8 (Reuters) - One of the world's biggest copper miners, KGHM Polska Miedz SA, expects this year's consolidated net profit to match or exceed last year's result despite lower capacity, acting Chief Executive Officer Rafal Pawelczak said on Tuesday.Last year group's net profit amounted to 1.57 billion zloty ($434.58 million), but this year the company had to close one of its produ...Read More
By David Byers, Interim Chief Executive, Minerals Council of AustraliaThe 2018-19 Budget's economic and fiscal outlook is once again heavily reliant on strong growth in resources exports and a significant contribution by the mining sector to rising government tax receipts.With resources accounting for a record $207 billion in exports in 2017 - more than half Australia's total export earnings - it...Read More
Manufacturers, particularly in the technology and automotive sectors, are under increasing pressure from customers to demonstrate that products are made with responsibly-sourced materials. Transparent supply chains that trace where the materials come from and what practices were used to produce them are expected by shareholders and the public. But unlike similar programs gaining momentum in other...Read More
With limited upside for precious metal prices, miners are refocusing on productivity, says Nathan Flesher, who works for McKinsey's mining arm.Gold miners are looking at a rangebound price for bullion at the $1,300/oz level. But with a limited outlook for any significant moves for gold upwards, miners must generate more output from capital spent to attract investor interest. Flesher says measu...Read More
TORONTO, May 8, 2018 /CNW/ - The Green Ontario Fund has announced details of the much-anticipated rebate program for solar PV and energy storage installations. This program will provide qualifying businesses $0.75 per watt for solar panel installations up to 500 kW (AC). Commercial and industrial buildings, which account for nearly 25 per cent of the province's greenhouse gas emissions, can now be...Read More
By Yianni SakarellosThe Dow Jones Industrial AverageInvestors experienced highly volatile equity markets in Q1 2018, with the Dow Jones Industrial Average (DJIA) plunging 1,600 points at its session lows on February 5, 2018. The DJIA closed down 1,175 points that day, its worst point decline in history.Market participants were and still are primarily fearing uncertainty stemming from the new Feder...Read More
Major miners need to boost their reserves, and one way for them to do that is to invest in junior mining exploration corporations to find the next great deposit.Here is a list of the companies that Barrick Gold (TSX-V: ABX) has invested in.1) ATAC Resources (TSX-V: ATC) ATAC is a Yukon-based exploration company focused on developing Canada's only known Carlin-type gold district alongside Barrick a...Read More
Teck Resources Ltd. (TSX:TECK.B)(NYSE:TECK) has a history of being a volatile stock, and investors who follow the mining giant are wondering if this is the right time to buy.Let's take a look at the current situation to see if Teck deserves to be in your portfolio.EarningsTeck reported Q1 2018 adjusted earnings of $753 million, or $1.31 per share, compared to $655 million, or $1.13 per share, for...Read More
Dr. Morgan Poliquin reportsALMADEX SHAREHOLDERS APPROVE SPINOUT TRANSACTION; ALMADEX UPDATES TRANSACTION TIMING Shareholders at Almadex Minerals Ltd.'s special meeting of shareholders held today in Vancouver have voted 99.97 per cent in favour of a special resolution approving a statutory plan of arrangement under Section 288 of the Business Corporations Act (British Columbia) to spin out Almadex'...Read More
Gold and silver prices have suffered since tensions eased on the Korean Peninsula in late April. U.S. secretary of state Mike Pompeo arrived in North Korea on May 9 with the aim of finalizing a planned meeting between President Trump and North Korean leader Kim Jong-un. Relations between North Korea and South Korea have warmed dramatically over the past month. South Korea has indicated that North...Read More
Mr. Rudi Fronk reportsSEABRIDGE DISCOVERS NEW GOLD ZONES AT COURAGEOUS LAKESeabridge Gold Inc.'s winter drilling at its 100-per-cent-owned Courageous Lake project has successfully identified two new gold zones, Olsen and Marsh Pond, with widths and grades suggesting they could make a contribution to project resources similar to the Walsh Lake deposit discovered by Seabridge in 2012.This year's dri...Read More
May 09, 2018 Guest(s): Donald Sadoway John F. Elliott Professor of Materials Chemistry, MIT Materials Chemistry at the Massachusetts Institute of Technology. "I think [the mining industry] has learned lessons from what happened with silver with the loss of halide film, and they realized that the antidote to change is to invent new applications," Sadoway told Kitco News on the sidelines of the Mi...Read More
(Please note that all dollar amounts in this news release are expressed in U.S. dollars unless otherwise indicated.)TORONTO, May09, 2018(GLOBE NEWSWIRE) -- Primero Mining Corp. ("Primero" or the "Company") (TSX:P) today announced that First Majestic Silver Corp. ("First Majestic") (TSX:FR) (NYSE:AG) (Frankfurt:FMV) has received antitrust clearance from the Comisi??n Federal de Competencia Econ??mi...Read More
May 09, 2018 Guest(s): Doug Groh Portfolio Manager, Tocqueville Tocqueville Asset Management's picks for mining stocks include Pan American Silver, and Detour Gold, according to Doug Groh, portfolio manager at Tocqueville. On Detour Gold, Tocqueville is "a believer in that asset and that deposit," Groh told Kitco News on the sidelines of the Mines & Money New York conference. "We would think...Read More
U.S. wholesale trade continued its 2018 growth streak in March. Reuters analysts expected a slightly higher increase in March from the prior month. The Census Bureau's measure of wholesale inventories saw significant gains in January and February. Kevin Breuninger| @KevinWilliamB Published 11 Hours AgoUpdated11 Hours AgoCNBC.com Hudiemm | Getty ImagesA measure of U.S. wholesale trade continued i...Read More
Dr. Morgan Poliquin reportsALMADEX SHAREHOLDERS APPROVE SPINOUT TRANSACTION; ALMADEX UPDATES TRANSACTION TIMING Shareholders at Almadex Minerals Ltd.'s special meeting of shareholders held today in Vancouver have voted 99.97 per cent in favour of a special resolution approving a statutory plan of arrangement under Section 288 of the Business Corporations Act (British Columbia) to spin out Almadex'...Read More
U.S. producer prices barely rose in April after strong gains in the first quarter. Inflation was contained by a moderation in the cost of both goods and services. The data could ease fears that inflation pressures were rapidly building up. Published 12 Hours AgoUpdated10 Hours AgoReuters show chapters April’s producer price index rises 12 Hours Ago |00:59 U.S. producer p...Read More
The catchphrase “follow the money,” popularized by the 1976 film All the Presidents Men, suggested that if you’re looking for a motive behind an event, you simply need to follow the money. In the case of recent price declines in gold, the more appropriate catchphrase would be to “follow the dollar,” or more appropriately, follow the dollar index.The dollar index is th...Read More
Mr. Rudi Fronk reportsSEABRIDGE DISCOVERS NEW GOLD ZONES AT COURAGEOUS LAKESeabridge Gold Inc.'s winter drilling at its 100-per-cent-owned Courageous Lake project has successfully identified two new gold zones, Olsen and Marsh Pond, with widths and grades suggesting they could make a contribution to project resources similar to the Walsh Lake deposit discovered by Seabridge in 2012.This year's dri...Read More
Read a recap of President Donald Trump's announcement about pulling the U.S. out of the Iran nuclear deal, as live-blogged by MarketWatch. Trump spoke from the White House Tuesday afternoon, calling the agreement "defective" and reimposing sanctions. Read: Trump says U.S. is withdrawing from Iran nuclear deal The Dow Jones Industrial Average DJIA, +0.75% hit fresh lows following the announcem...Read More