Investing
Top 5 Canadian Mining Stocks This Week: Orosur Surges 78 Percent on Anzá Acquisition
The S&P/TSX Venture Composite Index (INDEXTSI:JX) increased 1.85 percent on the week to close at 614.26 on Friday (November 29). Meanwhile, the S&P/TSX Composite Index (INDEXTSI:OSPTX) was up 0.75 percent to 25,648.00 and the CSE Composite Index (CSE:CSECOMP) rose 2.49 percent to 141.47. Statistics Canada released its third-quarter gross domestic product (GDP) data on Friday…
AME: Supreme Court of Western Australia approves Scheme
Brightstar Resources (BTR:AU) has announced AME: Supreme Court of Western Australia approves Scheme Download the PDF here. This post appeared first on investingnews.com
Barrick Employees Detained in Mali as Mining Sector Tensions Escalate
The ongoing disputes between the Malian government and international mining companies continue to intensify as Barrick Gold (NYSE:GOLD,TSX:ABX) recently confirmed four Malian employees from its Loulo-Gounkoto mining complex had been arrested. Barrick reported on November 26 that the employees had again been detained and charged pending trial. The company stated it refutes the charges, and…
Biden Admin Awards Intel US$7.9 Billion for Semiconductor Sector Growth
The Biden administration has announced a US$7.87 billion funding agreement with Intel (NASDAQ:INTC) under the CHIPS Incentives Program as part of its efforts to bolster the US semiconductor manufacturing industry. The award represents one of the most substantial semiconductor manufacturing investments facilitated by the CHIPS for America program. Intel plans to invest over US$90 billion…
Rua Gold Acquires Siren Gold’s Reefton Assets for AU$22 Million
Siren Gold (ASX:SNG) announced on Tuesday (November 26) that it has completed the sale of its wholly owned subsidiary, Reefton Resources, to Rua Gold’s (TSXV:RUA,OTCQQB:NZAUF)wholly owned subsidiary Reefton Acquisition. Reefton Resources is the owner of the Reefton project in New Zealand. The sale will establish Rua Gold as a dominant landholder in the Reefton region,…
Newmont to Sell Éléonore Gold Mine in Québec for US$795 Million
Newmont (TSX:NGT,NYSE:NEM), the world’s largest gold miner, is continuing its divestiture program through the sale of its Éléonore mine in Québec to Dhilmar, a private UK-based mining firm, for US$795 million in cash. Located in the Eeyou Istchee James Bay region, Éléonore is a prominent underground gold operation. Since producing its first gold in 2014,…
Nifty PFS Confirms $1,12Cm Pre-Tax NPV and 7C7kt Ore Reserve
Cyprium Metals Limited (ASX: CYM, OTC: CYPMF) is pleased to present the Prefeasibility Study (“PFS”) for the Nifty Copper Complex. The PFS confirms the economic viability of large-scale production of copper in concentrate (“Concentrate Project”) through the refurbishment and expansion of Nifty’s brownfield concentrator and accompanying new surface mine. The PFS also confirms economics of producing…
Rick Rule: Contrarian or Victim? Where to Invest (and Speculate) in 2025
‘If you look traditionally, the momentum in gold attracts Wall Street, and it attracts Main Street and it attracts the generalist investors to the space. We really aren’t seeing that to any great degree,’ he said. Rule also discussed his best-performing investments of 2024 and shared his highest-convictions sectors for 2025. Looking back at 2024,…
Kipushi Zinc Mine Reopens in DRC After 31 Year Production Hiatus
Ivanhoe Mines (TSX:IVN,OTCQX:IVPAF) and the Democratic Republic of Congo (DRC) marked a major milestone with the reopening of the Kipushi mine after a 31 year operational hiatus. An 800,000 metric ton (MT) per year concentrator facility was completed at Kipushi in May, with first concentrate produced in June. The mine’s projected output for the year…
First Helium Initiates Process to License & Drill the Leduc Anomaly
First Helium Inc. (‘First Helium’ or the ‘Company’) (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC) today announced that it has completed its field survey activities and selected the surface location for its Leduc anomaly test well planned for drilling this winter. The survey will be used to prepare necessary regulatory applications for drilling approval. The well…