Metals Commentary: Electric car sales are tanking, but metal use spikes
The global auto industry will produce 88.8 million cars and light trucks this year in an almost 6% drop from a year ago, according to researcher IHS Markit, quoted by…
Articles by Trish Saywell
Kinross sells stake in Lundin Gold for $150M
Kinross Gold (TSX: K; NYSE: KGC) is selling 20.7 million shares, or its 9.2% stake, in Lundin Gold (TSX: LUG) for $150 million. Shareholders Newcrest Mining (ASX: NCM) and the…
Editorial: Use of force against protesters in Chile alarms UN, Human Rights Watch
Since protests in Chile erupted over a subway fare increase in early October and morphed into broader demonstrations over income equality, inadequate public services and high household debt, at least…
Velocity Minerals eyes ‘hub and spoke’ production in Bulgaria
Aspiring precious metals developer Velocity Minerals (TSXV: VLC) recently tabled engineering study results and the latest drill assays from its 70%-owned Rozino gold deposit in southeastern Bulgaria. Rozino, the most…
Zijin Mining to acquire Continental Gold for $1.4B in cash
In the latest megadeal sweeping the gold sector, Zijin Mining Group is buying Continental Gold (TSX: CNL; US-OTC: CGOOF) for $1.4 billion in cash. The Chinese gold miner is on…
TSX rises, Nov. 25-29: Endeavour Mining, Torex, Kirkland Lake
The S&P/TSX Composite Index rose 0.5% to close at 17,040.20. The S&P/TSX Global Mining Index gained 0.46% to 77, and the S&P/TSX Global Base Metals Index rose 0.34% to 102.58….
TSX Venture moves up, Nov. 25-29: New Pacific, K92, Aurania
The S&P/TSX Venture Composite Index gained 0.34% to 531.81. Spot gold finished at US$1,464 per oz., up 0.2%. Shares of New Pacific Metals jumped 36¢, or 8.37%, to $4.66. The company…
US markets edge higher, Nov. 25-Nov. 29: Nutrien, Yamana, Vale
The Dow Jones Industrial Average rose 0.63% to 28,051.41 and the S&P 500 Index gained 0.99% to 3,140.90. Spot gold closed the trading week at US$1,464, up 0.2%. Nutrien shares…
Protests in Chile drive government to propose new constitution
In a bid to end weeks of anti-government protests and riots that have left at least 26 people dead and 13,500 injured, Chile’s political parties have agreed on a process…
Aurania finds ancient Spanish road at Lost Cities–Cutucu
For almost 20 years, Keith Barron has been hunting for two famous gold-mining centres in Ecuador that historic Spanish manuscripts and maps from the 16th and 17th centuries refer to…
Turquoise Hill eyes legal clarity for Oyu Tolgoi expansion
In November, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reported that a lawsuit previously lodged by a Mongolian non-governmental organization (NGO) group was apparently upheld by the country’s Administrative Court….
Norilsk Nickel weighs capital investment and dividend strategy
Norilsk Nickel (US-OTC: NILSY) plans to boost spending on new projects over the next decade to increase production and capitalize on the growing electric car trend, but investors may need…