Rebounding exploration activity has propelled Major Drilling's (TSX: MDI) revenues and earnings to a nine-year high. In the company's first quarter of fiscal 2022, ended July 31, the Moncton-based drilling company reported revenues of $151 million - up 69% from the same period last year - and net earnings of $11.1 million, or $0.14 per share. In Canada and the U.S., the compan...Read More
Following the rampant surge in copper prices earlier this year, competition amongst miners to supply the metal vital to the green energy transition is fierce.Global copper supply is dominated by mining giants, with the top ten companies making up for more than half of the world's output.In an unprecedented year marked by disruptions due to the global pandemic, copper mine production was contingent...Read More
Joint-venture partners Barrick Gold (TSX: ABX; NYSE: GOLD) and NovaGold Resources (TSX: NG) have published the first results of their 24,000-meter drill program for their Donlin gold project in southwestern Alaska, which will likely provide the final data needed for an optimized mine plan at the 39 million ounce gold asset.The primary objective of the 2021 drill program is to complete necessary wo...Read More
Western Australia-focused Orminex (ASX: ONX) is acquiring Nippon Dragon Resources' (TSXV: NIP) interest in two gold projects in Canada's Abitibi region.The projects - Rocmec, 35 km west of Rouyn-Noranda, and Denain, 60 km east of Val d'Or - are situated about 230 km apart along Highway 117."The increased level of activity we see from both small and large cap companies in the Abitibi region of Onta...Read More
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) has upped its interest in Candelaria Mining (TSXV: DCAND; US-OTC: CDELF), with an additional $6 million investment bringing its ownership in the Mexico-focused junior up to 19.6% from 7.8% on a partially diluted basis.Agnico Eagle's total holding in Candelaria is now 23.45 million common shares and 6.67 million warrants.Candelaria owns 100% of two advanced...Read More
As the world watched the Taliban assume control of Afghanistan this summer and the U.S. withdraw its last troops from the war-torn country, another conflict, thousands of kilometers away in the sub-Saharan Sahel region of West Africa, continued to claim victims in the tri-border region of Burkina Faso, Mali and Niger.Last month there were attacks on civilians in Burkina Faso, Mali and Niger by mil...Read More
We spoke with Nolan Peterson, CEO of World Copper Ltd. (TSX.V: WCU, OTCQB: WCUFF), a Canadian resource company, focused on the exploration and development of its two primary copper porphyry projects in Chile, and one copper-oxide porphyry project in Arizona. The Escalones porphyry-skarn project, southeast of Santiago, Chile, has indicated and inferred resources and tremendous upside exploration po...Read More
If you've been following my work at all lately, you know how excited I am about the burgeoning space industry.And I'm not talking about Elon Musk and Jeff Bezos riding their own rockets.I'm focused on the satellite industry, which is poised to shoot stratospherically higher in the years ahead.You see, according to UBS, the space industry as a whole (currently valued at roughly $366 billion) is pro...Read More
Fourteen-year-old Ishaan Thakur and his sister, 9-year-old Aanya, spent their summer building a lucrative business mining cryptocurrency.Read full newsRead More
The country sits atop what could be one of the world's largest reserves of various metals and minerals, including not just gold but also platinum, silver, copper, iron, aluminum and uranium.Read full newsRead More
People make money on the stock market by buying low and selling high. It’s a rule of thumb, if not the classic strategy when investing in stocks. However, some investors pay more attention to dividends than price appreciation. If you’re chasing after high-yield dividend stocks to get rich, the following are five money-makers.Global investment managerFiera Capital (TSX:FSZ) is tops on t...Read More
Deals exist in any market. However, finding undervalued stocks in a hyper-bull market is becoming increasingly difficult. Indeed, investors in sectors such as precious metals are having a hard time finding a gold stock with value characteristics today.However, the good news is that the TSX happens to have a couple winners in this regard. Among my favourites right now is Kirkland Lake Gold (TSX:KL)...Read More
Its been almost a year since Barrick Gold (TSX:ABX)(NYSE:GOLD) stock breached its record $40 levels. The world’s second-biggest gold miner stock has been on a consistent decline since then. While broader markets have soared almost 25% in the last 12 months, Barrick Gold stock has lost 40%.Barrick Gold stock continues to underperformThe first half of 2021 has been the exact opposite against t...Read More
Share this article TORONTO - Kirkland Lake Gold Ltd. [KL-TSX, NYSE, KLA-ASX] said Thursday it has increased the measured and indicated mineral resources at its Detour Lake mine in northern Ontario by 10 million ounces.Included in the mid-year 2021 resource estimates are total measure and indicated resources, exclusive of mineral reserves, of 14.7 million ounces (572 million tonnes at an average g...Read More
I told you it would happen.Just a few weeks ago, I told you that with Gov. Cuomo getting the boot, the new governor, Kathy Hochul, would prioritize New York's cannabis legalization rollout.It really wasn't hard to figure out. Because you see, while Cuomo dragged his feet on legalization, Hochul has long been an outspoken advocate of getting the Empire State's legal cannabis market up and running A...Read More
Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) has released a mid-year updated resource estimate for its Detour Lake mine in Ontario, adding another 10.1 million oz. of contained gold. Measured and indicated resources are now 572 million tonnes grading 0.80 gram gold per tonne for 14.7 million contained ounces, a 216% increase. The inferred resource has grown, too. The estimate is now 1.1 millio...Read More
Latin Metals (TSXV: LMS; US-OTC: LMSQF) may have scored big after inking a potential partnership deal with one of the world's biggest gold miners - AngloGold Ashanti (NYSE: AU) - for its projects in Argentina. The Vancouver-based company and the South African gold giant entered into a non-binding letter of intent today regarding Latin Metals' Organullo, Ana Maria and Trigal gold projects in nor...Read More
Deep-South Resources (TSXV: DSM) has scored a small but key win in its battle to renew the company's prospecting licence for the Haib copper project in Namibia, as the country's High Court has ruled no permits over the same area can be granted for now. The Vancouver-based company took Namibia's Ministry of Mines and Energy to court in July after it refused to renew the company's permit...Read More
Torex Gold Resources (TSX: TXG) has released its multi-year production outlook for the El Limon Guajes (ELG) gold mining complex in Mexico, about 180 km southwest of Mexico City.The mid-range guidance is for 450,000 oz. gold in 2022; 225,000 oz. gold in 2023; and 325,000 oz. in 2024 (excluding Media Luna). ELG is targeted to produce about 450,000 oz. of gold this year.Output will come from ELG's o...Read More
A couple weeks ago I dusted off my old telescope and set it up in the small park next to my apartment.I've never been more popular with my neighbors. Baltimore is like too many places, now not even limited to cities. With the unaided eye there are only a couple stars or planets to see. There is no real horizon. There is little reason to look up.That night I shared some beers and some sights a few...Read More