Category: Gold
Energy inefficiencies jeopardizing Peru’s mining future
Lack of investment and long-term planning in the Peruvian electrical system are threatening to wreck billionaire mining projects, considered key to the economic growth of the country, reports today one of the major local newspaper.
Ben Graham’s curse on gold
It seems that the mainstream investment community only takes a break from ignoring gold to berate it: one of gold’s most outspoken critics, uber-investor Warren Buffett, did so recently in his latest shareholder letter. The indictments were familiar; gold is an inanimate object “incapable of producing anything,” so any investor holding it instead of stocks is acting out of irrational fear.
NovaGold on its way to sell Galore Creek stake
Canadian miner NovaGold Resources Inc. (TSX:NG) said today that it has begun the process of trying to sell its 50% stake in the Galore Creek copper-gold project in British Columbia, in order to fully focus on its flagship Donlin gold project in Alaska, in a stament announcing its poor Q4 results.
Mining and Energy stocks back Canadian and American markets
Stocks struggle Wednesday morning as risk trades were daunted by dreary economic activity figures on both sides of the globe and the Greek post-deal aftermath.
What will happen to First Uranium
It is no secret that First Uranium is in a pickle. Releasing a forecast that shows its cash will run out by the end of March will be cold comfort to shareholders and creditors alike.
European Goldfields and Eldorado tie-up: At last investors can cheer news about Greece
The $2.5 billion deal saw European Goldfields add 6.4% in afternoon trade on Tuesday while Eldorado gained 6% to bring their combined market value to $10 billion.
Grizzly finds potash in Alberta, investors find somewhere else to put their money
On much heavier volumes than usual Grizzly Discoveries shed 3c or 6.52% by midday Tuesday. Before the market open the Edmonton-based company announced a potash discovery near Medicine Hat in Alberta Canada that wasn’t as exciting as investors had clearly hoped – drilling yielded potash grades up to 31.1% K2O, but only over 0.3 metres.
Gold exploration in Nunavut gets a boost
Toronto and New York-listed gold producer Agnico-Eagle Mines Limited (AEM) has received permission from the Nunavut Impact Review Board (NIRB) to move ahead with an all-weather access road to its Meliadine exploration gold project.
Gold rises after Greek deal gives Euro brief boost
The gold price climbed for a second day Tuesday to $1,736.84/oz, helped by a brief rally in the euro after Greece secured its second round of bailout funding.
Legislators present bill to ban gold mining in the Amazon
Peruvian legislators have presented a bill to congress to restrict gold mining in the Amazon basin.
