Glencore’s Alleged Exposure To Radiant World Up To $800M; CEO Says “Not Material”
Glencore is facing a widening gap between how management has characterized its exposure to iron ore trader Radiant World and how large that exposure could be, with Reuters sources placing the amount at between $500 million and $800 million days after CEO Gary Nagle described it as “not material.” Two people familiar with the matter told Reuters that Glencore […]
First Phosphate Begins Trading On The Nasdaq Global Market
First Phosphate (CSE: PHOS) begins trading on the Nasdaq Global Market today, giving the phosphate developer a foothold on a U.S. exchange without issuing any new shares. The company is set to trade via American Depositary Receipts under the ticker symbol PHOS. Each ADR represents 10 common shares. The move is an uplisting rather than […]
White Gold Charts 9.4 Year, 188,000 Ounce a Year Mine in Maiden Study
White Gold’s (TSXV: WGO) first economic study of its namesake Yukon project describes a nine year open pit mine worth C$1.9 billion after tax, despite being built on barely two-thirds of the ounces the company has already drilled off. The maiden preliminary economic assessment puts the after-tax net present value at C$1.91 billion using a […]
Barrick Lifts Gold Production 11% While Unit Costs Rise
Barrick Mining (TSX: ABX) beat the top end of its gold production forecast in the second quarter and posted sharply higher earnings, though a steep drawdown in free cash flow showed how much the company is spending to get there. Revenue climbed 44% from a year earlier to $5.29 billion. Net earnings rose 50% to […]
Sponsored · Altamira Gold Corp.
Newmont Clears Barrick’s Path to North American Spinout in $1.95 Billion Nevada Deal
Barrick Mining (TSX: ABX) has cleared the last significant obstacle standing between it and a spinout of its North American gold assets, striking a deal with Newmont (NYSE: NEM) that ends a months-long standoff over the Nevada joint venture the two companies share. Newmont has given its consent to Barrick’s proposed initial public offering of […]
Zuckerberg’s Team Denies His Yacht Ignored an Alaska Rescue Call
A cruise ship passenger says the Meta CEO’s yacht ignored a Coast Guard call to help a stranded boat near Juneau.
Central African Republic Opens Criminal Probe Into Swiss Geologist’s Killing
The killing happened at a gold project run by a UAE company, in a country whose mineral wealth has drawn miners from Canada, China, France, Russia, and beyond into some of its most dangerous territory.
The FAA Is Hiring Gamers to Become Air Traffic Controllers—and It Still Won’t Solve the Shortage
The campaign to recruit gamers as air traffic controllers has produced record hiring numbers this year, though the agency’s decade-long controller shortage remains only partly resolved.
Sponsored · Selkirk Copper Mines
The Royal Navy’s New Spy Drones Were Quietly Phoning Home to China
The same drones due to help patrol the Strait of Hormuz had cameras secretly reporting to China. The US special forces have the same model.
Why Gold Is Refusing to Break | Patrick Downey – Orezone Gold
In this conversation with Patrick Downey, President and CEO of Orezone Gold Corporation (TSX: ORE), we discuss why gold remains a strategic asset as central banks keep buying, ETF demand returns, and investors look for protection from debt, currency weakness, and lost purchasing power. Patrick also explains why he sees the recent stability in gold […]