The Canadian precious metals miner produced 109,947 gold ounces and 3,178,742 silver ounces, last year, roughly in line with full-year guidance of 109,500 ounces of gold and 3,337,000 silver ounces.
China’s Bitmain Technologies is eyeing bitcoin mining sites in Quebec, a company spokesman told Reuters, as expectations of a potential Chinese crackdown on cryptocurrency mining make the energy-rich Canadian province an attractive alternative.
Since Trump’s election, stock markets rocketed. This extreme rally has left stocks exceedingly overvalued and overbought. A major selloff is long overdue.
Miners of bitcoin could require up to 140 terawatt-hours of electricity in 2018. That’s more than expected power demand from electric vehicles in 2025.
The Vancouver-based company announced the immediate reduction of underground mining operations and workforce at its True North mine.
The World Bank-supported mining legislation was introduced to attract investment into copper and cobalt projects from global miners including Glencore Plc, Freeport-McMoRan Inc. and China Molybdenum Co. Gécamines claims country has not benefited from it.
Australia expects iron ore prices to average $51.50 a tonne this year because of rising global supply and moderating demand from top importer China.
Vancouver-based Cruz Cobalt is ready to kick off an airborne work program at its three B.C.-based properties amid high prices for the commodity
Coal and iron ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favoring the heavily polluting devil they know over the uncertainties of a battery-powered future.
The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.