"The market seeing particular importance for this set given it is the first release since the Delta COVID resurgence began to take hold," Marex's Alastair Munro said from the LME desk.Copper was down more than 1%, despite ongoing strike action at key mines in Chile and a suspension at Teck Resources' Highland Valley Copper operations in British Columbia due to wildfire activity.Teck shares (TSX: T...Read More
The search for portfolio diversification is always on. In this context, I think finding top Canadian stocks with excellent underlying value is extremely important.In this article, I’m going to highlight why Algonquin Power (TSX:AQN)(NYSE:AQN) and Barrick Gold (TSX:ABX)(NYSE:GOLD) are two such stocks long-term investors should consider. Let’s dive in.Top Canadian stocks: Algonquin...Read More
Following more than a year of stellar gains, global stocks fell Monday, possibly due to fears of the rising COVID Delta variant and China’s growth slowdown. After making a quick buck, investors took some money off the table. Whether or not this is the start of a correction remains to be seen. But there are undeniably some individual stocks that are not looking great this month. With that in...Read More
Market participants follow the herd to avoid the FOMO (fear of missing out). But many times, that leads us to take irrational, self-defeating investing decisions. That’s why having a concrete investment plan and a basic understanding of our risk-taking abilities help. Here are some Canadian stocks that saw exuberance early this year that soon waned.Lumber bubble popsAlmost all commodities zo...Read More
Canadian markets have rallied 16% so far this year and more than 55% since the crash in 2020. So, are you among those who kept procrastinating waiting for a crash and missed one of the best rallies? Don’t feel bad! It’s still not too late. Here are three top TSX stocks that are relatively less volatile and offer handsome growth prospects.Franco-Nevada CorporationThe yellow metal has co...Read More
From C??te d'Ivoire to Chile, Raymond James analyst Craig Stanley scours the globe for junior gold mine stocks to buy.Although leisure travel to faraway places remains largely restricted, the movement of investment capital and people for work purposes have not faced nearly the same degree of difficulty. North American investors have looked to other economies for better returns when the outlook see...Read More
Mining companies raised a total of US$1.45 billion in July, with financing by gold companies falling for the fourth straight month to below $500 million - the lowest figure raised since January.Read More
The company's full-year financial results were in line with expectations, with underlying EBITDA up 69% to US$37.4 billion, with a record EBITDA margin of 64%.The iron ore division accounted for $26.3 billion of EBITDA at a margin of 76%, followed by copper ($8.5 billion), petroleum ($2.3 billion) and coal ($288 million).Underlying profit was up 88% to $17 billion and attributable profit was up 42...Read More
We learned from Dr. Mark Cooksey, of Alcore Limited, that they are aiming to become the first low-cost, environmentally friendly producer of aluminum fluoride in Australia. Aluminum fluoride is a critical mineral, essential for aluminum smelting. Australia/NZ currently imports 100% of its aluminum fluoride requirement, mostly from China. Alcore plans to use aluminum smelter wastes to produce alumi...Read More
Crypto is back.I first recommended cryptocurrencies in my Bull and Bust Report about four years ago.My readers made roughly 2,500% and 1,040% gains by buying Bitcoin (BTC) at $450 and Ethereum (ETH) at $96. Those two coins are now trading at $45,000 and $3,093, respectively.I've gotten emails from people for whom these trades provided life-changing money.Don't get me wrong - Bitcoin and other alte...Read More
It's only been a year and a half since Troilus Gold (TSX: TLG; US-OTC: CHXMF) began drilling in the Southwest Zone at its namesake Troilus gold project, about 170 km northeast of Chibougamau in Quebec's Frotet-Evans greenstone belt.The Southwest Zone, about 2.5 km southwest of the main production pit at a former mine on the property and the main mineral corridor at the project, has become one of t...Read More
Mayfair Gold (TSXV: MFG; US-OTC: MFGCF) reported 63.59 grams gold per tonne over 5 metres including 200.89 grams gold over 1.5 metres at its flagship Fenn-Gib project in northeastern Ontario, about 80 km east of Timmins.The hole, FG21-165, was drilled below the shallow central section of the current conceptual open pit, and the high-grade intercept started at a downhole depth of 540 metres, or abo...Read More
The US Army Corps of Engineers (USACE) has assigned a new review officer to handle Northern Dynasty Minerals' (TSX: NDM) appeal of a negative record of decision for the Pebble copper-gold project in Alaska.The new review officer comes after the previous officer was promoted out of the position.The new officer is expected to set a detailed timeline for the administrative appeal process, including s...Read More
Morgan Stanley has placed uranium at the very top of its Metals and Mining Commodity Thermometer.Uranium was assigned a 'most bullish' thesis of 17 mined commodities under the bank's coverage."Further price upside near term as commercial inventories are drawn down, investment demand continues, and mine supply remains below 2019 levels. Longer term, growth continues to push price higher," reads a s...Read More
An asteroid is heading towards Earth, but it is good news for miners and Luxembourg stands ready to help.On August 11, NASA's Planetary Defense Coordination Office provided an update on the potentially hazardous asteroid Bennu. Scientists in the Near-Earth Object Observations Program confirmed that Bennu will make a close approach to Earth next century, although the probability of impact is only 1...Read More
In a long awaited decision, BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has approved US$5.7 billion in spending on its Jansen potash project in Saskatchewan - an important project for diversification of the mining giant's assets, which are dominated by iron ore and copper."This is an important milestone for BHP and an investment in a new commodity that we believe will create value for shareholders for gen...Read More
From the frozen Arctic to the sweltering tropics, Canadian gold seekers will be there. Buoyed by the strong price, activity in exploration and production continues to rise.BANYAN GOLDBanyan Gold (TSXV: BYN; US-: BYAGF) has two advanced exploration projects in the Yukon. AurMac, 56 km northeast of Mayo is 100% owned, as is the Hyland project, 74 km northeast of Watson Lake.Both gold projects are ad...Read More
George McLeodThis week's episode features Access Mining managing partner George McLeod, who discusses the increasingly political role of mining companies, particularly in developing economies, and how industrial metals, especially those that relate to electrification, will begin to take on a strategic importance that was traditionally attributed to oil. He also discusses how recent political devel...Read More
Dear Outsider,A mysterious package arrived at my desk one week...Now, I get a fair amount of reader mail and I respond personally to each one. But this particular package was much heavier than your typical piece of mail, and it was oddly shaped compared to the usual packages I receive.It was addressed to the "Captain of The Crow's Nest."When I opened it, I discovered a block of wood with three no...Read More
Kyrgyzstan said Wednesday that it had launched the process of kicking out its largest foreign investor, Canada's Centerra Gold, overRead full newsRead More