Barrick Gold, Randgold Resources, Newmont Mining, Freeport McMoran and Goldcorp all make the short list for stocks to consider in this commodity segment -- but which of them are best positioned to prosper?Read full newsRead More
A major lawsuit against gold mining companies in South Africa is gaining global attention. Tens of thousands of miners will now receive a portion of a $400 million settlement. They're suffering from a deadly lung disease called silicosis from inhaling dangerous dust while working underground for decades. CBS News foreign correspondent Debora Patta talked to one former gold miner in a truly hea...Read More
Protesters in Ethiopia's restive Oromia region demanded the government withdraw a gold-mining permit from a company owned by Saudi billionaire Mohammed al-Amoudi because of alleged pollution.Read full newsRead More
Protesters in Ethiopia's restive Oromia region demanded the government withdraw a gold-mining permit from a company owned by Saudi billionaire Mohammed al-Amoudi because of alleged pollution.Read full newsRead More
The cryptocurrency market has rebounded over the past 24 hours, as the bitcoin (BTC) price gained about 3%, while other major cryptocurrencies such as Ethereum (ETH) and Bitcoin Cash (BCH) recorded bumps in the 3 to 8% range. The current price levels give bitcoin a total market ...Read full newsRead More
Bitcoin enthusiast Michael Novogratz says every investor should buy cryptocurrencies (File Photo) Earlier today, Galaxy Digital Capital Management and Bloomberg announced the launching of the Bloomberg Galaxy Crypto Index (BGCI). The new index tracks some of the largest virtual currencies t...Read full newsRead More
PR NewswireNEW YORK, May 10, 2018NEW YORK, May 10, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities,today announced Sailfish RoyaltyCorp. (TSX-V: FISH; OTCQX: SROYF), a yield-focused royalty company...Read full newsRead More
ML Gold Corp (TSXV:MLG) is pleased to announce a non-brokered private placement to raise total gross proceeds of CDN$1,000,000. The Company will issue 4,000,000 non flow-through units at $0.10 per unit (for gross proceeds CDN$400,000) and 5,000,000 flow-through units at $0.12 per unit (for gross proceeds of CDN$600,000). Each non flow-through unit at $0.10 comprises one common share in the capital...Read More
CMX Gold & Silver Corp. (CSE:CXC; OTC:CXXMF) has entered into an option with Elk Exploration Ltd. to acquire 3 Licenses containing 720 acres representing the balance of land located within our Bass River concessions as outlined in the photo below.Read full newsRead More
Comstock Metals (TSXV:CSL) ('Comstock' or the 'Company') wishes to provide a correction to the information contained in its management information circular for the 2018 annual and special meeting of shareholders to be held on May 16, 2018.Read full newsRead More
Anglo American's De Beers said Thursday it had successfully tracked its first diamonds all the way from its mines to jewellery retailers using blockchain technology, in an effort to clear up the supply chain form synthetics and conflict stones.The world's largest rough diamond producer by value, which began developing the tracking platform last year, said it was able to follow 100 high-value stone...Read More
JOHANNESBURG, May 10 (Reuters) - South Africa's mining and manufacturing industries contracted in March as policy uncertainty and lukewarm demand weighed on output, threatening to reverse a fragile economic rebound.Mining production in March suffered its sharpest fall in two years and industrial output dropped, Statistics South Africa data showed on Thursday, prompting concerns that gross domestic...Read More
Shares in Erdene Resource (TSX:ERD), one of the very few companies that has successfully navigated Mongolia's ever-changing policies on foreign mining investment, were off to the races on Thursday after the miner bumped up mineral resource estimates for its Altan Nar gold-polymetallic project in Mongolia.The Canadian miner said indicated and inferred gold equivalent resources had increased by who...Read More
No miners were hurt in a fire that broke out on Thursday at Russia's Raspadskaya coal mine, steelmaker Evraz said.Evraz, which controls Raspadskaya, said all miners had been evacuated and that the blaze is thought to have started in the mine's technical equipment.Local authorities in Russia's Kemerovo region, where the mine is located, told Interfax news agency that 195 miners had been working at...Read More
Bad news from South Africa's platinum belt has pushed shares of the world's No. 2 producer of the metal to the lowest since 1999.Impala Platinum Holdings Ltd. has dropped more than 40 percent this year as investors fret over glitches at its Rustenburg operations and cost ratios that compare unfavorably with some peers. The biggest producer after Anglo American Platinum Ltd. on April 26 cut its pro...Read More
Dual-listed Dalradian Resources (TSX:DNA) (LON:DALR) published Thursday a resource update for its Curraghinalt gold project in Northern Ireland showing a 46% increase in gold ounces and a 32% increase in inferred gold ounces when compared to the previous feasibility study from 2016.Inferred resources rose by 32% to 3.0 million ounces of gold in 7.7 million tonnes of ore with a grade of 12.2 grams...Read More
Junior explorer Megastar Development (TSXV: MDV) announced today that it has signed a Definitive Option Agreement with Paradex, a private American mining exploration company, and Minera Zalamera, a private Mexican mining exploration company, to acquire 100% interest in the mineral concessions known as the Rama de Oro project located in the state of Oaxaca, southern Mexico.In a press release, Megas...Read More
Golden/Denver Colorado May 9, 2018 - The mining industry faces enormous challenges. Scarceness of resources, slowing economic growth in territories with the highest demand for metals and minerals, and the need for data collecting are just a few of many issues faced. Adding to this, the industry is under continuous pressure to step up in the CSR game and minimize its footprint."To turn all these c...Read More
London, 10 May 2018 - Randgold Resources said today its 2018 production guidance remained intact despite a softer first quarter in which it contended with multiple challenges.Following the full commissioning of its underground mine, Kibali in the Democratic Republic of Congoincreased quarterly production by 22% compared to the corresponding quarter of the prior year and is on track to achiev...Read More
(Bloomberg) - Randgold Resources Ltd. is confident that talks with the Democratic Republic of Congo will lead to a compromise on the country's new mining rules which risk hurting producers' profits.Miners including Glencore Plc and Randgold have asked the government to dial back aspects of the legislation approved by President Joseph Kabila in March. They argue the new code will drive investors a...Read More