October is a month that can be full of surprises. So far, 2020 has been full of bad surprises. But, what if we start to get some mean reversion back to positive surprises?Today on INK Ultra Money, David Rosenberg gives us his take on the outlook for markets via a Real Vision interview with Ed Harrison. As usual, his base case is for subdued growth leading to disinflation or deflation. However, he...Read More
(This October 2 story officially corrects to remove reference to base metals in 10th para to clarify $2 bln investment is across whole company)Read full newsRead More
Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.Read full newsRead More
Kinross Gold Corp. is moving to secure additional supply for its Alaska gold operations by buying a controlling interest in the Peak Gold project from Royal Gold, Inc., and Contango Ore, Inc., for $125 million.Read full newsRead More
Institutional investors, industry groups and experts are divided on a set of substantial capital markets reforms being proposed by Ontario's capital markets modernization taskforce.The taskforce, set up in February by Ontario Finance Minister Rod Phillips, released a set of 47 proposed reforms over the summer that could impact mining issuers if they were implemented. The suggestions included intro...Read More
Trump posted a video a short while ago, thanking everyone at the "incredible" Walter Reed military medical centre and the enthusiastic supporters waiting outside.The gold price has zig-zagged around the US$1,900 mark over the past 24 hours and was just 20c below the psychological benchmark at the time of writing.The copper price slid on Thursday as China began a week-long holiday but closed u...Read More
The non-renounceable pro-rata entitlement issue is pricing new shares at 10c each.Each new share will come with an option exerciseable at 18c before November 2021.TNG needs an estimated $824 million to develop Mount Peake, with the 37-year, 2 million tonne per annum project said to be capable of generating pre-tax net annual operating cashflow of $359 million.Last month TNG appointed KPMG as its f...Read More
The AIM-listed company was forced to shut down Sasa mid-September after leaking around 8,000 cubic metres of tailings material into a local river.Read More
Share this article A rare white 102.39-carat oval diamond mined in Canada has been sold in Hong Kong for the equivalent of $20.9 million.Sotheby's says the diamond's new owner, an unnamed collector in Japan, named the stone the "Maiko Star" for his second daughter after he won it with a bid made by phone to the auction house's Hong Kong location.It says the same buyer last year named another impo...Read More
Share this article CENTENNIAL - NioCorp Developments Ltd. is applauding an Executive Order issued by the White House this week providing several potential pathways for greater U.S. Government support of critical minerals mining and value-added supply chains.The Executive Order, signed on September 30, 2020 by President Donald J. Trump, declares that "it is the policy of the United States ... [to]...Read More
Nations have gone to war over it.Men have died in pursuit of it.Brothers have stabbed each other in the back for it.Gold has been the most coveted metal on the planet since the dawn of time. Yet despite all of our wicked desire for the yellow metal, there's one fundamental question we still can't answer about gold: Where did it come from?For decades, astronomers believed gold was formed in the cru...Read More
An updated resource estimate for Caldas Gold's (TSXV: CGC) Juby gold project in Ontario, 15 km from Gowganda, features two open-pit deposits, with a total of 21.3 million indicated tonnes grading 1.13 grams gold per tonne, and 47.1 million inferred tonnes at 0.98 gram gold per tonne.According to Caldas, the latest estimate has been updated to account for regulatory requirements, such as including...Read More
Osisko Metals (TSX: OM) has released assay results for four holes completed at the Central zone, around the O53 deposit, within its past-producing Pine Point zinc and lead project in the Northwest Territories.The drill holes, which returned high-grade intercepts from areas outside of the pit-constrained resource model, were designed to determine the vertical extent of the mineralization in the cor...Read More
The U.S. government is taking a US$25 million equity stake in Dublin-based battery metals miner TechMet, as part of a push by President Donald Trump to reduce the country's reliance on supply chains dominated by China.The backing from the US$60 billion U.S. International Development Finance Corporation (DFC) will help TechMet develop a nickel and cobalt mine in Brazil. Both metals are key in the p...Read More
The Dow Jones Industrial Average rose 1.87% to finish the week at 27,682.81 and the S&P 500 Index climbed 1.52% to 3,348.44. Spot gold increased US$37.60 per oz., or 2.02%, to US$1,898.80 per ounce.Shares of Cleveland-Cliffs rose US$1.15 to US$7.03 per share. Cleveland-Cliffs is buying "substantially all" of Luxembourg-based ArcelorMittal's operations in the United States in a US$1.4 billion...Read More
The S&P/TSX Composite Index rose 0.83% to 16,199.25 during the Sept. 28-Oct. 2 trading week. The S&P/TSX Global Mining Index increased 0.14% to 96.25, and the S&P/TSX Global Base Metals Index climbed 0.78% to 103.67. Spot gold jumped US$37.60 per oz., or 2.02%, to US$1,898.80 per oz., and the S&P/TSX Global Gold Index rose 0.78% to 361.57. Agnico Eagle Mines rose $1.36 to $105.99 per share. The...Read More
The S&P/TSX Venture Composite Index climbed 1.92% to finish the Sept. 28-Oct. 2 trading week at 708.60. Spot gold rose US$37.60 per oz., or 2.02%, to US$1,898.80 per ounce.New Found Gold jumped 72 ? to $2.68 on results from its first drill hole targeting the Lotto zone at its wholly owned Queensway gold project, 15 km west of Gander, Newfoundland. The company recently started a 100,000 metre drill...Read More
The era of price discovery, the business cycle, whatever you want to call markets deciding the real value of something, is over. The Fed killed it.I told you last month that September has a bit of a thing for setting October up to deliver market panics and to expect heightened volatility.On September 21, 2020, the major U.S. indices started the correction I told you would happen. After a 900-point...Read More
Cantor Fitzgerald Analyst, Mike Kozak speaks with Metalla Royalty & Streaming's Brett Heath in a virtual fireside chat at the ...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 shot up 46.62 points or 4.6% to close the week at 1071.14 points.Momentum indicators remain volatile. MACD rocketed back up to 5.15 and triggered a new buy signal. RSI rebounded 15.5 points to 58.69.Support is now at 1047.58 (lower Bollinger band) and 1051.34 (50-day...Read More