Investing
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Impact investing panel talks ‘conscious capitalism’ at the Global Mining Symposium
The Northern Miner kicked off its inaugural Global Mining Symposium on Tuesday, with mining leaders, influential investment professionals, and forward-thinking innovators from around the world. The three-day event includes panel discussions, fireside chats, and company presentations and covers the financial,…
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GOLD: Haywood lifts gold price forecasts
TORONTO – Haywood Securities has raised its gold price forecast for the second half of 2020 from US$1,650 per oz. to US$1,800 per oz. Next year the broker-dealer believes gold will average US$1,700 per oz., up from its earlier forecast of…
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The Northern Miner Podcast – episode 191: The Canadian Mining Symposium goes digital, ft. Dean McPherson and Anthony Vaccaro
This week’s episode features the opening of this year’s Canadian Mining Symposium held on Zoom from June 16-18, 2020. Northern Miner group publisher Anthony Vaccaro gives opening remarks to the event followed by TMX Group’s head of business development, Dean McPherson, who discusses…
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Moody’s slashes growth forecasts
In November, Moody’s Investors Service forecast G-20 economies in 2020 would grow by 2.6%, but now estimates real GDP will contract by 0.5%, followed by a pick-up to 3.2% in 2021. The ratings agency projects “cumulative contraction” over the first…
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SOFTWARE: AI-powered Prospector platform to facilitate mining investment
FLORIDA – The newly launched Prospector platform uses technology to increase access to information and capital for the mining industry. Its software-as-a-service (SaaS) platform utilizes artificial intelligence (AI) to streamline publicly available technical information. Founded by Emily King, a geologist…
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SURVEY: Canada no longer top mining investment destination, Fraser Institute says
CALGARY – For the first time in a decade, there are no Canadian jurisdictions in the Fraser Institute’s top 10 investment destinations based on the 2019 annual survey of mining and exploration companies. Saskatchewan continues to be the most attractive…
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REGULATIONS: New B.C. Mines Minister updates on mining modernization
Newly appointed B.C. Mines Minister Bruce Ralston says all 25 of the province’s Mining Jobs Task Force recommendations, intended both to speed up the permitting process and to strengthen oversight of the mining industry, will be implemented by the end of…
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M&A will continue in 2020, Dorsey & Whitney says
Nora Pincus, a partner at the international law firm Dorsey & Whitney, believes that the significant mergers and acquisition (M&A) activity in the metals and mining space in 2019 will continue into 2020. The Northern Miner reached Pincus in Salt Lake City,…
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GOLD: BHP increases stake in SolGold
ECUADOR – BHP Billiton is spending US$22 million to boost its stake in Australian junior SolGold to 14.7% from 11.1%, making it one of the two largest shareholders in the Ecuador-focused company. Newcrest Mining owns about 14.8%. BHP is acquiring 77 million shares…
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GOLD: Coeur Mining invests in Integra Resources
VANCOUVER – Coeur Mining is investing $6.6 million to acquire 5.76 million common shares of Integra Resources at $1.15 per share. The private placement includes an agreement that will give Coeur participation rights to maintain its pro rata share ownership interest for two…
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Changes in financial markets trouble mining industry
Analysts at CPM have studied the precious metals and commodities markets – including investment trends in mining equities – since the 1970s. This long and intimate involvement gives us insight into the transformations that clearly now are wracking the buy…
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LITHIUM: China’s Yibin Tianyi takes strategic investment in AVZ Minerals
DEMOCRATIC REPUBLIC OF CONGO – China’s Yibin Tianyi is taking a 12% stake in Australia’s AVZ Minerals for A$14.1 million (US$9.6 million). The Perth-based mining company says it will use the funds to increase its ownership by 5% to 65% in the Manono lithium…
