Centerra falls after explosion at smelter
Centerra Gold (TSX: CG; NYSE: CGAU) stock plunged after the miner said it suspended operations at its Langeloth metallurgical facility in Pennsylvania due to an explosion. Shares of Centerra fell 8%…
United States
Silver, gold fall as U.S. dollar rebounds on next Fed chair
Precious metals prices plunged on Friday as a rebound in the U.S. dollar led some investors to book profits on the metals. Silver plunged 22% to trade at $90.73 an…
Paulson lifts stake in International Tower Hill with Alaska gold project
International Tower Hill Mines (TSX: ITH, NYSE-AM: THM) tapped leading shareholder and hedge fund Paulson and Co. to raise a large chunk of its financing this week for the Livengood…
High metal prices don’t equal more demand: BMO
Metals demand in the global industrial economy has been soft since November, despite rising prices across most metals over the past year and manufacturing expansion at its highest level since…
Sprott soars on 500,000-lb uranium buy
The Sprott Physical Uranium Trust (TSX: U.U for USD; U.UN for CAD) continues its new year shopping spree after it purchased 500,000 lb. of uranium oxide (U3O8) on Tuesday, its…
Calls grow for Germany to repatriate U.S.-held gold
Germany is facing renewed pressure to bring home some of its gold held in the United States due to geopolitical uncertainties stemming from the shift in transatlantic relations. The European…
Sibanye hits new high on BlackRock, gold price boosts
The world’s largest asset management firm has lifted its stake in Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) above the 5% threshold, sending the South African miner’s shares to an all-time high….
CHARTS: Mining M&A surges as Canada deal values hit post-2009 high
Mining companies are rushing into mergers and acquisitions (M&A) as a core growth strategy, a shift that is helping drive Canada’s deal market to its highest level in more than…
VRIC: Refining, not mining, is West’s security bottleneck
National security is reshaping Western mineral policy, speakers told the Vancouver Resource Investment Conference on Sunday – and the critical-minerals choke point is no longer in the ground, it’s in…
Met coal pipeline grows despite demand slide: report
A surge of proposed metallurgical coal projects could boost global capacity by 52% this decade even as demand is expected to decline, according to a new report from German non-profit…
USA Rare Earth to raise $3.1B as US takes 10% stake
The United States government is acquiring 10% of USA Rare Earth (Nasdaq: USAR) – its fourth equity stake in a miner since last July – as part of about $1.6-billion…
Gold’s the 5% hedge, not a trade: Kevin O’Leary
To Kevin O’Leary, investing in gold is straightforward: own it, size it sensibly, and treat it as long-term portfolio insurance—especially when politics and markets get messy. Recently, the Canadian businessman…