Troubles in South Africa's Mining Sector Start to Affect the Economy

Source: The Telegraph, Emma Rowley and Jessica Winch (10/14/12)

"South Africa's strikes have now affected some 28% of its platinum production, or 17% of global production, according to the Deutsche team. It believes that production losses have the potential to drive up the price of platinum so that it trades at a premium to gold."

With the strikes spreading beyond the natural resources companies, worries over economic paralysis have brought the South African rand to a more than three-year low against the dollar.

Then on Friday, rating agency Standard & Poor's cut the country's credit rating by once notch, following rival Moody's downgrade of the country last month which had marked its first since the end of apartheid.

S&P made it clear that the move was motivated by the strikes affecting the mining companies – and they did not see this as a problem about to go away any time soon, as questions around the ruling party’s plans mount up.

South Africa's strikes have now affected some 28% of its platinum production or 17% of global production, according to the Deutsche team.

They believe that production losses have the potential to drive up the price of platinum so that it trades at a premium to gold. . .View Full Article

Copper-Gold Explorer Expands Drilling at High-Potential BC Project
Source: Streetwise Reports (11/03/2025)

Torr Metals Inc. is expanding its inaugural drilling program at its Kolos Copper-Gold Project in southern British Columbia after the successful closure of a previously announced non-brokered private placement. Find out why one analyst says the stock is great exposure to both copper and gold opportunities across Canada.

Platonic Advice
Source: Michael Ballanger (11/03/2025)

Michael Ballanger of GGM Advisory Inc. muses over his interest in Plato's philosophies as it relates to current events and the market as a whole. Ballanger also shares a new copper pick.

Shallow Gold-Silver Drill Hits Strengthen Project Potential in Japan
Source: Streetwise Reports (11/03/2025)

Irving Resources Inc. (IRV:CSE; IRVRF:OTCQX) reported broad, near-surface gold-silver intercepts with high silica content at its Omu Project in Hokkaido, Japan. The results support Irving's focus on discovering smelter flux-compatible mineralization alongside earn-in partner JX Advanced Metals.

Gold Project in Idaho Returns More Excellent Drill Results
Source: Philip Ker (11/03/2025)

Liberty Gold Corp.'s (LGD:TSX; LGDTF:OTCQX) first batch of definition drill data from the Discovery zone at its Black Pine project shows "continuous oxide gold mineralization being intercepted over broad widths," noted a Ventum Capital Markets report.

AEM, JPM Give Confidence Vote to Co. With Antimony Asset
Source: Rabi Nizami (11/03/2025)

Perpetua Resources Corp. (PPTA:TSX; PPTA:NASDAQ) receives this in the form of a US$255 million strategic investment, a better financing alternative to the previously planned royalty or stream sale, noted a National Bank of Canada report.