VANCOUVER, British Columbia, March03, 2021(GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) ("PureGold" or the "Company"), is ple...Read full newsRead More
/PRNewswire/ - Golden Star Resources Ltd. (NYSE American: GSS) (TSX: GSC) (GSE: GSR) (Read full newsRead More
Canada's TSX main stock index fell on Wednesday, driven by a decline in bullion prices and mining stocks offset gains in oil prices amid an economic rebound from vaccination rollouts and a U.S. fiscal package. After hitting an all-time high in August 2020, gold stocks and gold prices are now experiencing a correction as the US, UK and other governments announced massive stimulus packages. The cur...Read More
Even though markets have been rallying for the last few months, many top TSX stocks are still far from their all-time highs. This year’s expected superior earnings growth against 2020 should drive those Canadian names to record levels. Here are the top three TSX stocks that could soar higher amid the post-pandemic recovery.Restaurant Brands InternationalRestaurant Brands International (TSX:Q...Read More
Caerus - the Greek word for ‘opportunity' boasts twelve exploration licences covering over 32km, comprising 14 former copper mines.Read More
Operating profit for the six months to December 31 was ZAR5.2 billion, Northam said on Friday.Read More
Share this article New Gold Inc. [NGD-TSX, NYSE American] is making a strategic investment in Harte Gold Corp. [HRT-TSX; HRTFF-OTC; H40-FSE] by way of a private placement subscription of 154.9 million common shares priced at 16 cents each.The private placement will result in Harte Gold raising $24.8 million and leave New Gold holding 14.9% of the company's outstanding shares. Closing of the trans...Read More
The No. 1 investment trend of 2020 is still booming and is now on pace to smash its previous record set last year for cash inflows. SPAC mania isn't going anywhere anytime soon. Irrational exuberance is spiking sharply in this section of the market. I see numerous warning signs telling me this bubble is going to burst in spectacular fashion and soon.Some recent data compiled on SPACs sheds light...Read More
Earlier this year New Found Gold (TSXV: NFG; US-OTC: NFGFF) said it plans to double its 2021 drill program to 200,000 metres and eight rigs at its flagship Queensway project in Newfoundland, 15 km west of Gander. Six drill rigs are now turning on the high-grade gold project and that number will increase to eight before the end of March.The 1,500 sq. km project, adjacent to the Trans-Canada Highway...Read More
With gold's reputation as a store of value and recent gold-focused merger and acquisition activity, there is renewed investor interest in companies active in this exploration, development and production space. Below we profile eight companies focused on the precious metal.American Creek ResourcesA bulk sample pond at the Austruck-Bonanza property. Credit: American Creek.American Creek Resources (T...Read More
Nexa Resources (TSX: NEXA; NYSE: NEXA) - one of the largest zinc producers in the world - has acquired a 9% stake in Tinka Resources (TSXV: TK; US-OTC: TKRFF), which is developing Ayawilca, one of the largest zinc projects in Peru.Nexa owns Peru's only operating zinc smelter as well as three underground base metals mines in the country, and according to Wood Mackenzie was among the top five produc...Read More
Mining companies adopted a more conservative approach after the 2015-16 market downturn to adjust to more volatile commodity prices, focusing on cost cutting, productivity and expanding liquidity says a new report by Moody's Investor Service, a ratings agency. Moody's says earnings for the 130 rated issuers in the industry have improved since mid-decade downturn, with EBITDA for 12 months through...Read More
Encouraged by positive results from its exploration program at the Pickle Crow gold project in northern Ontario, Australian junior Auteco Minerals (ASX: AUT) is planning to take a 51% interest in the past-producer, 400 km north of Thunder Bay.Under a joint-venture deal signed with First Mining Gold (TSX: FF) in January 2020, Auteco has completed enough exploration spending to earn a majority stake...Read More
Global production of iron ore products reached 2.2 billion tonnes in 2020 and is expected to reach 2.35 billion tonnes in 2021, according to Fastmarkets.Despite the Covid-19 pandemic, China has imported a record amount of iron ore, pushing the metal price high. Tight supplies helped lift the most-active futures contract for 62% iron-ore fines delivered to China to US$174.94 per metric tonne on Mar...Read More
"Given their deteriorating bilateral relations and China's imports restriction on Australian coal in recent years, we believe Beijing has identified its dependence on Australian resources as one ofRead More
When the FOMC met earlier this week, Jerome Powell stuck to his story..."Inflation continues to run below 2%," the Fed statement said, and is "running persistently below this longer-run goal." And while "indicators of economic activity and employment have turned up recently... the sectors most adversely affected by the pandemic remain weak."As a result, the FOMC will keep its target rate at a rock...Read More
WPIC tips growing demandRead full newsRead More
February 18, 2021- New Gold Inc. ("New Gold" or the "Company") (TSX and NYSE American: NGD) provides its annual operational outlook for the New AftonRead full newsRead More
Tight copper concentrate supply remains a concern for downstream copper players.Read full newsRead More
Energy producer BP Plc on Thursday announced plans to develop the UK's largest blue hydrogen production facility.Read full newsRead More