Despite rising inflation, Canadian equity markets continue to increase, with the S&P/TSX Composite Index trading over 15.5% higher for this year. Meanwhile, some recent economic data suggested that the inflationary environment was temporary, improving investors’ sentiments and driving the equity markets higher. However, few Canadian stocks are trading significantly lower from their recen...Read More
Canadians with only $1,000 in funds can use it as seed capital to invest in high-growth stocks. Moreover, if you don’t need the money anytime soon, hold the stock for the long term and allow it to compound. If you’re ready to invest, consider WELL Health Technologies (TSX:WELL) and Capstone Mining (TSX:CS). Both are excellent long-term holds as the respective businesses possess element...Read More
Barrick Gold (TSX:ABX)(NYSE:GOLD) spent the past few years streamlining its business and reducing debt. Investors who previously shunned the stock are wondering if this might be the time to buy.Barrick Gold’s earningsBarrick Gold generated solid Q1 2021 results. Adjusted net earnings came in at US$0.29 per share, supported by US$1.3 billion in operating cash flow. Barrick Gold generated US$8...Read More
Canadian stocks are continuing to inch up in June after ending the previous four months in the positive territory. The S&P/TSX Composite Index has risen by 2.1% as of June 11, as investors continue to show confidence in the reopening economy and rising economic activities. However, some fundamentally good stocks are still going through a correction this month.Let’s take a closer look at...Read More
The S&P 500 is up almost 15% year-to-date and closed up 0.19% to 4,247.44, having reached 4,249.74 intraday.All eyes this week will be on some direction from the US Federal Reserve's Federal Open Market Committee meeting.Market futures were mixed today, with holidays in China and for the Australian stock exchange.The gold price has plunged to US$1,866 an ounce on the spot market, having nudged...Read More
First-quarter tin concentrate production hit 183 tonnes, containing 114t of tin metal, for the period March 1 to May 31, compared to a forecasted 180t.Read More
British Columbia-based Copper Mountain Mining (TSX: CMMC; ASX: C6C) is on a runway to triple 2020 production in the medium term, president and CEO Gil Clausen tells The Northern Miner.The mid-tier miner's eponymous cornerstone mine is just 300 km east of Vancouver. It underpins the company's immediate and medium-term growth plans to go from about 100 million copper equivalent lb. per year to 140 m...Read More
Teck Resources (TSX: TECK.A/TECK-B; NYSE: TECK) is preparing to double its copper output by 2023 to take advantage of accelerated metal demand from global economic growth and the transition to a lower-carbon economy, president and CEO Don Lindsay tells The Northern Miner.The mining executive says Teck is well-positioned to benefit from the anticipated growth in global copper demand of 2.3 times by...Read More
Adventus Mining (TSXV: ADZN; US-OTC: ADVZF) is well-positioned to capitalise on the growing market interest in a vibrant and growing mining sector in Ecuador, president and CEO Christian Kargl-Simard says.The renewed interest in the jurisdiction comes at a time when other more traditional South American copper jurisdictions deal with question marks over their status as top-tier resource investment...Read More
June 11 marked the milestone first production of ore from the underground expansion project at the Voisey's Bay nickel-cobalt mine owned by Vale (NYSE: VALE). The mine is located on the north coast of Labrador, about 35 km south of Nain, Nfld.Underground production is expected to extend the life of the mine until at least 2032. Two separate deposits - Reid Brook and Eastern Deeps - have been devel...Read More
China's Ganfeng Lithium, one of the world's top producers of the commodity used in electric vehicle batteries, is acquiring a 50% stake in a special purpose vehicle that owns the Goulamina hard-rock mine in Mali for US$130 million.Ganfeng, which counts automakers Tesla and BMW among its customers, said the move will grant it at least half of Goulamina's first-phase annual output, estimated at 455...Read More
The Dow Jones Industrial Average slipped 0.80% to finish the week at 34,479.60 and the S&P 500 dropped 0.41% to 4,247.44. Spot gold fell by US$14.20 per oz., or 0.75%, to US$1,877.80 per ounce. Vale fell US5 ? to US$22.40 per share. A Brazilian Labour Court has ordered the company to pay individual compensation of R$1 million (US$200,000) for moral damages to families of workers killed in the B...Read More
The S&P/TSX Venture Composite Index slipped 0.17% to finish the trading week at 979.70. Spot gold fell by US$14.20 per oz., or 0.75%, to US$1,877.80 per ounce.Callinex Mines climbed 74 ? to $4.03 per share. The company announced the latest drill results from its 30,000-metre drill program at its Rainbow deposit. The deposit, which contains copper, gold, silver and zinc, lies within its 100%-owned...Read More
The S&P/TSX Composite Index rose 0.55% to 20,138.35 during the June 7-11 trading week. The S&P/TSX Global Mining Index slipped 0.79% to 113.61, and the S&P/TSX Global Base Metals Index dropped 0.94% to 174.31. Spot gold decreased by US$14.20 per oz., or 0.75%, to US$1,877.80 per oz., and the S&P/TSX Global Gold Index fell 0.54% to 325.62.Nutrien climbed 94 ? to $78.91 per share. The company annou...Read More
Coinbase (NASDAQ: COIN) will go down in history as the fastest bankruptcy on Wall Street.OK, maybe it won't be that dramatic.Afterall, Coinbase is the largest U.S. cryptocurrency exchange and the only publicly traded crypto company on the market, serving more than 8,000 institutional clients.Seems like an obvious long trade, right?Well, consider this: The company's been plagued with lawsuits, shad...Read More
Kyrgyzstan will challenge the U.S. bankruptcy filings of Centerra Gold Inc.'s Kumtor gold operations, a lawyer for the Central Asian republic said after it took control of the mining project from the company.Read full newsRead More
The legendary wildlife filmmaker tells Anderson Cooper why urgent action on climate change is crucial and why we need to save nature in order to save ourselves.Read full newsRead More
Gold has historically played a vital role as a tool for hedging financial risks. Considering the current market scenario, it appears that hedging a part of an investor’s portfolio would be a judicious decision.This has been the case due to the negative correlation precious metals have with the overall market. Gold has held up quite well in previous market crashes and appears to be doing its...Read More
Ero Copper (TSX:ERO) is a Vancouver-based mining company focused on the production, exploration, and development of mining projects in Brazil. Ero’s principal asset is a 99.6% ownership interest in Mineração Caraíba (MCSA). MCSA’s predominant activity is the production and sale of copper concentrate from the MCSA Mining Complex, located within the Curaç&aacu...Read More
Barrick Gold Corporation GOLD recently announced that the framework agreement between the Papua New Guinea ("PNG") government and operator Barrick Niugini Limited ("BNL") took a major step forward to restart the Porgera gold mine. The deal provides that the Porgera mine will be owned by a new joint venture held 51% by PNG stakeholders and 49% by BNL. Per the terms, BNL will continue as the operato...Read More