Capital Market

Mining News Pro - Saudi Arabia`s Energy Minister Khalid al-Falih said on Saturday that Opec will be responsive to the oil market`s needs, but that he was not sure there is an oil shortage with data, particularly from the United States, still showing inventories building.

Mining News Pro - Gold extended its losses on Friday, following its biggest one-day per centage loss in a month in the previous session on a firmer dollar and as a strong US data, corporate results boosted investor appetite for riskier assets.

Mining News Pro - On Monday, May 13, McEwen Mining reported that a fatal accident involving a contractor`s employee occurred at the Gold Bar Mine in Nevada.

Mining News Pro - Australian gold producer St Barbara (ASX: SBM) is acquiring 100% of Canadian gold producer Atlantic Gold (TSXV: AGB) in a deal valued at $802 million.

Mining News Pro - St Barbara is targeting Canada for growth through a takeover of gold producer Atlantic Gold for C$722 million ($768 million).

Mining News Pro - When Equinox Gold was formed in December 2017 as a three-way merger of Trek Mining, Newcastle Gold and Anfield Gold, it launched with a development asset in Brazil, a couple of non-core assets elsewhere in South America and Mexico, a small gold deposit in British Columbia and the Castle Mountain gold project in California.

Mining News Pro - The world’s largest gold complex in Nevada, United States is set to be born with the expected completion of the joint venture (JV) between Barrick Gold and Newmont Goldcorp.

Mining News Pro - Alamos Gold of Toronto is drilling more high grade intersections at the producing Island Gold mine 85 km northeast of Wawa. The company is focusing its attention on the Eastern, Main and Western extensions with both surface and underground drilling.

Mining News Pro - Avesoro Resources (TSX: ASO; LON: ASO) has increased the mineral reserves at its Youga gold mine by 23% – extending the mine life of the Burkina Faso open-pit operation by an additional four years to 2031.

Mining News Pro - Canadian miner Kinross Gold (TSX:G) (NYSE:KGC) is evaluating options for returning to long-term production in Chile, the world’s top copper miner, where the company already has two key assets.

Mining News Pro - According to Q1 results, Kirkland Lake Gold is headed for a profitable 2019. The company said its cash position was up 25% to reach $83.9 million. Operating cash flow grew 95% to $174.4 million, and that resulted in record free cash flow of $93.1 million, an 85% jump from Q1 2018 and up 8% over Q4 2018.

Mining News Pro - Chile’s Codelco, the world’s No. 1 copper producer, made headlines recently not for its production of the red metal but for putting an end to a centenary tradition.

Mining News Pro - Perseus Mining has approved the construction of its third gold mine, the Yaouré gold project in Côte d’Ivoire.

Mining News Pro - AuStar Gold has entered into discussions with the administrators of Centennial Mining to assess proposing a deed of company arrangement with its creditors.

Mining News Pro - Large scale gold mining in sub-Saharan Africa has reduced infant mortality in nearby communities, with rates falling by 50% among those born within 10km of a gold mine, conclusion new research by Anja Benshaul-Tolonen published in the May 2019 issue of The Economic Journal.

Mining News Pro - Haywood Securities has initiated coverage of Minera Alamos (TSXV: MAI) with a buy rating and 12-month target price of C$0.40 per share—a 281% return from the junior’s current share price of C$0.11.

Mining News Pro - Drilling at the Antenna target on Premier Gold Mines’ McCoy-Cove project in Nevada has returned a 119-metre intercept grading 4.12 g/t gold.

Mining News Pro - Glencore has been informed by the US Commodity Futures Trading Commission (CFTC) that the company is under investigation for possible corrupt practices violating certain provisions of the Commodity Exchange Act and/or CFTC regulations.

Mining News Pro - France’s environment minister, François de Rugy, is expected to announce in June the government’s official position on a proposed open-pit gold mine and precious metals industry in French Guiana, potentially the department’s largest, and it has locals divided.

Mining News Pro - The Nevada joint venture of Toronto’s Barrick Gold Corp. and Newmont Goldcorp Corp. of Denver has cleared all the regulatory conditions required for completion of the arrangement. Their joint operations will create the world’s largest gold producing complex.

In Picture