We learned from Matt Simpson, CEO of Brazil Potash that they are advancing its Autazes Potash project to the construction phase and are seeking to broaden its shareholder base, prior to conducting a future planned public listing. The Company has raised in excess of US$198 million since inception, permitted a 250 mile long, by 90-mile-wide ore basin, completed a Bankable Feasibility Study (BFS) and...Read More
Biotechs have been a great investment for the past 10 years. Faster computers, big data processing, and advancements in understanding DNA have created new cures for everything from certain types of cancer to hepatitis C.If you had put $10,000 into the VanEck Vectors Biotech ETF (BBH) 10 years ago, you'd have $144,000 today.The BBH chart is bullish. It shows a consolidation pattern from 2015-2020 f...Read More
McEwen Mining (TSX: MUX; NYSE: MUX) has reported the latest drill results from the Stock West target, part of the company's Fox Complex in northern Ontario, about 45 km east of Timmins.Highlights included drillhole S20-149, which intersected 25.7 metres grading 6.08 grams gold per tonne starting from 476 metres, including 0.6 metres of 28.3 grams gold. Hole S20-138a returned 14.3 metres grading 8...Read More
Coeur Mining (NYSE: CDE) is acquiring a 17.8% stake from Orion Mine Finance in Victoria Gold (TSX: VGCX), which owns and operates the Eagle gold mine in the Yukon. The acquisition of 11 million Victoria shares at $13.20 per share represents a 5% discount to the stock's trailing, 30-day volume-weighted price as of May 7. In return for the Victoria shares, Orion will receive 12.8 million Coeur shar...Read More
This week's episode features Barrick Gold's Q1 2021 conference call with president and CEO Mark Bristow, who discusses the company's move towards sharing more revenue and employment opportunities with local communities. He also expands on the company's strategy to focus on tier 1 and tier 2 mines, the increase in the dividend, and the efforts to be an industry leader on ESG.All this and more with...Read More
The Zambian government has reinstated the mining licence for GoviEx Uranium's (TSXV: GXU; US-OTC: GVXXF) Chirundu property, part of the junior's Mutanga project.The licence was cancelled in July 2020 and its reinstatement is subject to the completion of exploration and development milestones that will advance the licence towards a final feasibility study. "The Zambian Government has indicated its...Read More
It's only been a couple weeks since I made the argument that the Fed has always been a political tool, and always will be.Let's talk about the dual mandate today. Then the unofficial third one. Then how it looks like it is abandoning one of them.I'm starting to think it doesn't have a choice, and it mirrors a classic long-term instability in physics - the "three body problem."Don't worry, I won't...Read More
The 2009 Henry Hazlitt Memorial Lecture, presented by Peter Schiff. Recorded at the annual Austrian Scholars Conference, ...Read More
Company reports Q1 lossRead full newsRead More
Zijin Mining Co, one of China's biggest gold and copper producers, said it would further expand mining resources abroad, with several of its large mining projects scheduled to begin operations this year.Read full newsRead More
Gold also gainsRead full newsRead More
The positive divergence now appearing on the benchmark gold stocks ETF price chart is a pattern that might be worth paying attention to.Read full newsRead More
Copper royalty bill advances in ChileRead full newsRead More
Watch Skeena's new video on Eskay Creek which includes the updated 5.1 Moz, 4.2 g/t AuEq open-pit resource! FORWARD ...Read More
Copper closed up 3.2% on the London Metal Exchange to US$10,420 per tonne, eclipsing its 2011 peak.Iron ore has risen above $200/t, to $201.50/t according to MySteel for 62% Australian fines."Vale has just sold a cargo of 65% Fe basis IOCJ on GlobalORE for $243.60, and a cargo of BRBF (62% Fe basis) on COREX for $214.20," Fastmarkets MB Iron Ore Index tweeted on Friday.US economic stimulus plans a...Read More
Copper is on a roll right now. Indeed, soaring copper prices align with the market’s expectation of growth in the near future.Copper is one of those base metals that is highly correlated to expectations of economic growth. Accordingly, as recovery measures, vaccine drives, and climate pledges continue to strengthen this economic outlook, copper has taken off.With copper now trading arou...Read More
Gold has traditionally been a key hedge against market uncertainty. With valuations where they are today, hedging at least a portion of one’s portfolio certainly seems like a prudent idea.This safe haven is often looked to as a hedge due to its negative correlation to overall markets. However, gold has surprisingly underperformed my expectations of late. Accordingly, there are some concerns...Read More
The broader market is continuing to reach new record highs in May. The TSX Composite Index settled at 19,472 on Friday — its all-time closing high. While some of the Canadian tech stocks have seen a correction in May so far, most energy and mining stocks continue to gain amid the ongoing market rally.Let’s take a closer look at three of such soaring mining stocks that are leading the m...Read More
The Canadian equity markets continued their uptrend, with the S&P/TSX Composite Index rising 1.9% last week. The decline in bond yields, improvement in commodity prices, and the expectation of improvement in corporate earnings have driven the index higher. Meanwhile, these three Canadian stocks outperformed the broader equity markets last week by rising over 10%. Let’s assess whether the...Read More
The company's US advisory group recommended the decision following a three-day workshop, suggesting the plans advanced under recently departed managing director Michael Schlumpberger, under anRead More