In the third quarter, Copper Mountain Mining's (TSX: CMMC) flagship namesake open-pit mine in B.C., 20 km south of Princeton, generated 23.8 million lb. copper-equivalent, at all-in sustaining costs of US$1.43 per lb. copper and all-in costs of US$1.68 per lb. copper.Gil Clausen, the company's president and chief executive, said in a statement that Copper Mountain "posted another strong quarter" a...Read More
VanadiumCorp Resource (TSXV: VRB; US-OTC: APAFF) has released the first resource estimate for the Main zone at its wholly-owned Lac Dore vanadium project in northern Quebec, 27 km east-southeast of Chibougamau."Our first mineral estimate exceeded our expectations and shows that Lac Dore is one of the largest and highest-grade vanadium resources in North America," Adriaan Bakker, VanadiumCorp's pr...Read More
Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) is expanding its footprint in the precious metals-rich Abitibi region of Quebec by acquiring all shares in smaller rival Monarch Gold (TSX: MQR) that it does not already own for $152 million (US$114 million).The cash and share deal gives Yamana the Wasamac property, which is 100 km from its 50%-owned Canadian Malartic mine, as well as the Camflo mill, al...Read More
The Dow Jones Industrial Average slumped 6.47% to finish the week at 26,501.60, and the S&P 500 fell by 5.64% to 3,269.96. Spot gold dropped US$22.70 per oz., or 1.19%, to US$1,878.60 per oz. from the previous week.Shares of Vale fell US74 ? to US$10.57 per share. The company reported that its third-quarter net profit nearly doubled compared with the same period a year ago. Net profit for the th...Read More
The S&P/TSX Composite Index fell 4.44% to 15,580.64 during the Oct. 26-Oct. 30 trading week. The S&P/TSX Global Mining Index declined by 2.52% to 92.89, and the S&P/TSX Global Base Metals Index slumped 3.18% to 103.99. Spot gold dropped US$22.70 per oz., or 1.19%, to US$1,878.60 per oz., and the S&P/TSX Global Gold Index fell by 0.81% to 350.09.Barrick Gold rose 41 ? to $35.62 per share. The compa...Read More
The S&P/TSX Venture Composite Index fell 34.35 points, or 4.78%, to 683.78 during the Oct. 26-30 trading week. Spot gold finished the trading week at US$1,878.60 per oz., down US$22.70 per oz., or 1.19%.New Found Gold jumped $1.59 to $4.48 per share. The company reported that drilling around last year's discovery hole in the Keats zone at its Queensway project in Newfoundland returned long interva...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index fell 58.1 points or 5.2% to 1050.80.MACD, our long-term momentum indicator, tumbled 9.41 points to -9.92. Our short-term momentum indicator, RSI, plunged 36% or 22.17 points to 40.02. MACD is a longer-term buy/sell indicator. It is most useful when it's trending in th...Read More
Niels-Arne Baden has a problem: the factory he's building for Green Hydrogen Systems is too small.Read full newsRead More
There are several industries that have a lot on the line in relation to outcome of the November 3rd election. In this week's Insights, we take a non-consensus view that precious metals mining is one such industry because not all scenarios are good for gold and silver.Preparing for a blue waveThe election also matters for stocks in other industries that have run-up in anticipation of a blue wave....Read More
Short-term valuation analysis implies major gold stocks still have another 10-20% downside.Read full newsRead More
I previously wrote that practically nothing happened on the gold market , which is bearish since gold should be rallying or trading at higher levels,Read full newsRead More
Canada's Agnico Eagle Mines reported a better-than-expected quarterly profit on Wednesday, benefiting from a surge in gold prices and sales volume, and raised its capex forecast for the year as it spends on several sites to boost production.Read full newsRead More
Markets were likely to see the election as a positive if one party took a convincing win across both sides of congress, IG senior market analyst Joshua Mahony said on Friday."With some stating that the final result may not come until days or even weeks after election day due to late postal votes, we could see short-term uncertainty if early results do not provide a clear basis for expectations," h...Read More
As the United States posted its highest number of weekly coronavirus cases since the start of the pandemic and Americans headed to the ballot box in record numbers to cast their votes early for the country's next president, China's top leaders gathered for four days behind closed doors to craft their fourteenth Five Year Plan for 2021-2025.The Five Year Plan has been a fixture of Chinese rule sinc...Read More
EROS Resources Corp. (TSXV: ERC) is a well-funded Canadian public Company, focused on the exploration and development of mostly gold focused resource projects, as well as strategic investments, in resource companies in North America.We learned from Ron Netolitzky, President, CEO, and Director of Eros Resources, and from Andrew Davidson, the Company's CFO, that they are currently advancing their Be...Read More
In a day that's often good for gold and mining stocks, investors are selling everything.Read full newsRead More
In a day that's often good for gold and mining stocks, investors are selling everything.Read full newsRead More
One of the best things we can learn from Warren Buffett about investments is the pride of ownership. Buffett is a staunch believer in buying “a business,” not just shares of a business that perform based on market sentiment and a plethora of other factors. It’s more of a psychological thing than a tangible one, because whether you buy a business that you feel proud of owning or s...Read More
Gold and energy stocks have seen a lot of volatility this year. It would be an understatement to say that energy dipped while gold soared. That being said, should you invest in gold or oil stocks?The continuation of the COVID-19 pandemic means that there is still substantial risk in oil stocks today. Moreover, while gold looks like a solid buy, the high price cautions investors to ask themselves i...Read More
Peter Marrone, executive chairman at Yamana Gold discusses the latest results which include highest operating cash-flow in five years, at the same time that gold hits record highs.Read full newsRead More