Frik Els, Author at MINING.COM

Investors pile back into Guyana Goldfields on new feasibility

Guyana Goldfields vaulted 15.8% on Thursday, after raising just shy of $26 million from an institutional investor and its CEO, and announcing a revised feasibility study for its Aurora gold project in Guyana.

Frik Els | April 12, 2012 | 10:00 pm

Idaho gold junior surges after royalty windfall

Sprott gives Lake Shore Gold $70 million and a 9% bump in its stock price

The company we will use the funds to bring its Timmins West Mine in Ontario Canada to full production, complete mill expansion and advance underground work at its other producing mine Bell Creek.

Frik Els | April 12, 2012 | 7:52 pm

Canadian crude jumps 7% to 3-month high

The price oil sands producers receive improved to $34.50 a barrel below the international benchmark on Thursday after a 7.4% overnight spike, close to its best level for the year and a 50% improvement from the multi-year lows struck at the beginning of March.

Frik Els | April 12, 2012 | 7:10 pm

'Stronger for longer': Iron ore price hits 3-week high as Chinese imports jump 22%

Iron ore price hits 6-month high

The price is up more than 27% from lows struck in October last year when the steelmaking ingredient experienced a mini crash.

Frik Els | April 11, 2012 | 10:44 pm

Vale vs IMF: Who are you going to believe?

Using the dismal science to make forecasts and taking risks with real money are two very different things. And the Brazilian giant is definitely putting its money where its mouth is.

Frik Els | April 11, 2012 | 10:37 pm

Infographic: Let’s get physical – almost everything you wanted to know about gold vaults

A look at how global investor demand has shifted to physical gold held in vaults over the past decade.

Frik Els | April 11, 2012 | 4:48 pm

New report shows resource investors cannot pick a worse spot to put their money than Toronto

Overall, only the stock indices of Spain and Portugal's top companies fared worse than Toronto's S&P/TSX-60. But in the group of resource-heavy exporting countries Canada's stock market came in stone last.

Frik Els | April 10, 2012 | 8:02 pm

New Zimbabwe PGM royalties and fresh blow to Implats add to industry woes

Reports of Mugabe’s death are greatly exaggerated

Widely circulated reports that the 88-year old were fighting for his life in a Singapore hospital were deemed to be "lies meant to destabilise Zimbabwe," according to a spokesman.

Frik Els | April 10, 2012 | 5:28 pm

Glasenberg – 1, Xstrata shareholders – 0

The $2.6 billion Qatari investment could provide Glencore CEO Ivan Glasenberg the necessary backing he needs to push through the deal which many Xstrata shareholders say sell them short.

Frik Els | April 9, 2012 | 11:26 pm