Mining Industry News
A collection of Mining latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Mako Mining: Record Gold Sales, Lower Profits, And I'm Still Buying (NASDAQ:MAKO)
Mako Mining is rated Buy with a $13.00 target, offering 27.7% upside based on 0.95x NAV. MAKO's thesis centers on owning two producing mines and two advanced projects, all without share dilution or new debt. San Albino drives 86% of gross profit…
This surfing Aussie will run one of the world's biggest tungsten mines
Paddling on his surfboard in the swell off England's south-west coast, Jeff Court has discovered one place where the British predilection for queuing does not apply. “On a good day, there's probably about 150 surfers out there.
AI boom wrecks plan for US Bitcoin mining | Arkansas Democrat Gazette
President Donald Trump's pledge to ensure that Bitcoin mining activity is centered in the U.S. is rapidly disintegrating under the twin forces of the artificial intelligence boom and a prolonged crypto slump. Even after a recent rally, Bitcoin's…
Resource Nationalism Hits Tungsten: US Locks Down Scrap, UK Funds Mine, Zimbabwe Bans Exports, Vietnam Weighs Curbs
Governments are tightening control over tungsten supplies, creating an opening for Almonty Industries as Western buyers seek alternatives to China's quasi-monopolistic market position on not just tungsten but rare earths. Tungsten and other…
Mining company's equipment targeted in Panguna arson attack
Reports from Bougainville say heavy machinery and vehicles belonging to a foreign mining company were destroyed in an arson attack at the Panguna mine site. Armed men are alleged to have entered the site in the autonomous Papua New Guinea region…
Mako Mining Corp. (NASDAQ:MAKO) Short Interest Down 63.7% in August
Mako Mining Corp. (NASDAQ:MAKO - Get Free Report) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 26,123 shares, a decline of 63.7% from the August 15th total of 72,006 shares.
Coal supply to Punjab power plants remains adequate, state needs to improve offtake from mines, says ministry
The Centre has taken steps to enable coal supplies to Punjab's independent power plants from Punjab State Power Corporation Ltd's (PSPCL) captive mines, an official statement said on Sunday. Adequate coal has been made available to Punjab's power…
Wesdome Gold Mines Ltd. (TSE:WDO) Announces Quarterly Dividend of $0.03
Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) declared a quarterly dividend on Tuesday, September 15th. Stockholders of record on Tuesday, September 29th will be given a dividend of 0.0306 per share on Tuesday, September 29th. This represents…
Hecla Mining Company (NYSE:HL) Given Consensus Recommendation of 'Hold' by Brokerages
Hecla Mining Company (NYSE:HL - Get Free Report) has been assigned a consensus rating of 'Hold' from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell…
Baird Financial Group Inc. Buys Shares of 1,028,765 Coeur Mining, Inc. $CDE
Baird Financial Group Inc. purchased a new position in Coeur Mining, Inc. (NYSE:CDE - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased…
Engineers Gate Manager LP Boosts Holdings in Agnico Eagle Mines Limited $AEM
Engineers Gate Manager LP raised its stake in Agnico Eagle Mines Limited (NYSE:AEM - Free Report) TSE: AEM by 914.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
Wesdome Gold Mines Ltd. (TSE:WDO) Receives Average Rating of 'Buy' from Analysts
Shares of Wesdome Gold Mines Ltd. (TSE:WDO - Get Free Report) have been given a consensus recommendation of 'Buy' by the six ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the…
RFG Advisory LLC Has $1.03 Million Holdings in Barrick Mining Corporation $B
RFG Advisory LLC lowered its position in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 50.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 27,955 shares of the gold and copper producer's…
Otago was born of gold
There has been considerable debate about the proposed Santana goldmine at Bendigo Tarras with it extensively covered by the Otago Daily Times. However, I have found much of the historical context and impact of goldmining in Otago to be lacking from…
Mexican cartel's crypto farm seized in mountain raid - 300 GPUs, satellite links, and industrial transformers tapped hydroelectric power
There is increasing evidence that Mexican drug cartels are diversifying into cryptocurrency mining and are using crypto platforms to diversify their income and, at the same time, launder their ill-gotten gains and fund other illegal activities.
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