Explainer: Naked short selling
This “explainer” is intended to supplement to this recently published story on illegal short selling. Covered vs. naked “Covered” short selling is a legal way to profit in a falling…
Europe
Barsele takes over Gold Line while advancing Agnico-led project in Sweden
Barsele Minerals (TSXV: BME; US-OTC: BRSLF) is buying Gold Line Resources (TSXV: GLDL; US-OTC: TLLZF) in an all-share deal to consolidate projects in Sweden and Finland, the companies said on Wednesday. Gold Line…
Eldorado Gold shares fall on lower Lamaque reserves
Shares in Eldorado Gold (TSX: ELD; NYSE: EGO) fell on Wednesday after the company announced a 5% decrease this year in proven and probable gold reserves at specific assets within…
Anglo American’s falling shares fuel takeover rumours
Speculation about Anglo American (LSE: AAL) becoming the target of a takeover by a rival or a private equity firm keeps mounting, as shares in the diversified miner continue to…
Dundee tallies 1.8M oz gold resource less than a year after Čoka Rakita discovery
Dundee Precious Metals (TSX: DPM) has released its first resource for a discovery it made less than a year ago — its Čoka Rakita project in eastern Serbia. The initial…
Price decline woes likely over, says Petra Diamonds
Petra Diamonds (LSE: PDL) said on Friday a decline in diamond prices experienced this year has likely bottomed as the company is already seeing improved market conditions. The South African…
Lithium insights: Interactive map of recent offtake deals
As electric vehicle uptake continues to rise, car companies and original equipment manufacturers (OEMs) are forging new relationships with miners for supplies of lithium needed in EVs. Governments are also…
Norway lawmakers back deep-sea mining in Arctic Ocean
Norway has secured a parliamentary majority to act on plans to open the Arctic Ocean to seabed mineral exploration, despite environmental groups and the fishing industry’s warnings that the move…
Industry groups aim to deliver unified global standard for responsible mining
Four leading industry groups, including the Mining Association of Canada (MAC), are banding together to create a new globalized standard for responsible mining. London, U.K.-based International Council on Mining and…
Dundee Precious extends Chelopech mine life by one year
Nearly 20 years after buying the Chelopech gold-copper mine in Bulgaria, Dundee Precious Metals (TSX: DPM) announced an updated resource estimate that stretches the mine life slightly to 2032 from 2031….
Euro Manganese shares jump on US$100M financing with Orion
Euro Manganese (TSXV: EMN; ASX: EMN) has signed a US$100-million financing agreement with private equity firm Orion Resource Partners to advance its Chvaletice project in the Czech Republic. The news…
Gold, silver to rise as political, economic risks grind
Gold and silver prices have been on a roller coaster over the past two years as prices have responded to the changing political and economic environment. A key shift came…