For Game of Thrones enthusiasts, the phrase “Winter is coming” holds special meaning. As winters were severe in the fantasy land of Winterfell and extended several years, it was understandably a dreaded time for people and can be likened to the current global economic situation.The ongoing COVID-19 pandemic (aka, the White Walker) has decimated several sectors spanning retail, airline,...Read More
Warren Buffett is making up for missed gains in the 2020 market crash. The GOAT (greatest of all time) of investing is fortifying his stock portfolio with three significant buys. Berkshire Hathaway has been piling shares of Bank of America recently. Based on the latest quarterly filings with the SEC, his conglomerate is also buying back its shares.The third move is taking a position in a gold mini...Read More
It seems like a while since the February-March coronavirus market crash sparked fear into the hearts of investors. High-growth tech stocks have pulled the stock market higher over the past several months. However, there are still many affected areas of the economy that remain under pressure — pressure which may not be relieved until the advent of an effective coronavirus vaccine.While it may...Read More
The A3.5c per share dividend (unfranked), will consume about US$30 million of Base's $87.6 million net cash position - as at June 30.Read More
The $149 million raising sees new shares issued at a price of 85c each, with the funds going towards reducing Emeco's secured notes from $442 million to $250 million.That will save $19 million per annum in interest and reduce Emeco's gross debt and net leverage ratio to 0.9-times (compared with 1.46-times at June 30), with the $250 million in notes to mature in 2024 - versus the previous note...Read More
An article published by The Associated Press over the weekend claims there is good evidence that businesses influenced state reopening plans. It reads:Thousands of pages of emails provided to The Associated Press under open-records laws show that governors across the U.S. were inundated with reopening advice from a wide range of industries - from campgrounds in New Hampshire to car washes in Washi...Read More
August 24, 2020 - Brixton Metals Corporation (the “Company“) (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce that it has entered into a purchase agreement to acquire a 100% interest in the Metla mineral claim group of 6,413 hectares from Stuhini Exploration Ltd., TSXV:STU ("Stuhini") for consideration of 1,200,000 common shares of Brixton and CAD $42,000 in cash (subject to the accep...Read More
The U.S. Army Corps of Engineers (USACE) has ordered Northern Dynasty Minerals (TSX: NDM) to craft a plan that would mitigate environmental impacts of its proposed Pebble copper-gold-molybdenum mine in Alaska.In a letter dated August 20 to the project's developer, Pebble Limited Partnership, USACE said that "mitigation is required for unavoidable adverse impacts to aquatic resources" the project c...Read More
Nomad Royalty (TSX: NSR; US:OTC: NSRXF) has entered into a definitive arrangement agreement to acquire Coral Gold (TSXV: CLH; US-OTC: CLHRF) in a cash and share deal valued at US$45.8 million as the company looks to grow its royalty portfolio.Through this transaction, Nomad is adding an uncapped, sliding scale (ranging from 1% to 2.25%) net smelter return royalty (NSR) on Nevada Gold Mines' Robert...Read More
Rio Tinto's (NYSE: RIO; LSE: RIO) top bosses will pay millions of dollars for the destruction of two ancient caves in Australia as the group has decided to cut short-term bonuses of some senior executives following an internal review.Chief executive Jean-S?(C)bastien Jacques will lose almost US$5 million ( ?3.7 million) in bonuses and the head of the iron ore business, Chris Salisbury, will see hi...Read More
Midland Exploration (TSXV: MD) says it has struck a new funding deal with a subsidiary of BHP (NYSE: BHP; LSE: BHP) for nickel exploration activities in northern Quebec.BHP's unit, Rio Algom Ltd., will fund 100% of Midland's exploration for the battery metal within the Nunavik territory up to $1.4 million (US$1.06 million), on an annual basis, for a minimum of two years.The objective, the junior s...Read More
The S&P/TSX Composite Index rose 0.02% to 16,517.85 during the Aug. 17-21 trading week. The S&P/TSX Global Mining Index fell 0.18% to 99.07, and the S&P/TSX Global Base Metals Index dropped 0.41% to 102.77. Spot gold fell US$2.40 per oz., or 0.12%, to US$1,942.40 per oz., while the S&P/TSX Global Gold Index increased by 1.88% to 376.18.Canarc Resources' shares jumped 18.18% to 13 ?. The company an...Read More
In a August 20 presentation focused on attracting foreign direct investment (FDI), the minister spoke of the positive fiscal impact mining has had (coal) and will have (gold) in the country withoutRead More
The Dow Jones Industrial Average fell 0.003% to finish the week at 27,930.33 and the S&P 500 rose 0.72% to 3,397.16. Spot gold climbed US$2.40 per oz., or 0.12%, to US$1,942.40 per ounce.Kirkland Lake Gold advanced 5.97% to US$70.08 per share. The company announced a strategic alliance agreement between the company and its wholly-owned indirectly held subsidiary St. Andrew Goldfields and Newmont C...Read More
The S&P/TSX Venture Composite Index fell by 1% to finish the August 17-21 trading week at 730.31, with spot gold finishing the week at US$1,942.40 per oz., a rise of US$2.40 per oz. from the previous week.Shares of Amex Exploration climbed 7.03% to $3.50 per share. The company announced a $9.36 million bought deal financing with a syndicate of underwriters led by PI Financial. The syndicate...Read More
Nothing matters until it does.Consider this: 95% of S&P 500 companies have reported earnings. GAAP earnings are down 50% over the last year with S&P 500 sales down 11%.Despite that, the S&P 500 continues to hit all-time highs which begs the question, what if that 95% start having better quarters?Does the S&P soar higher? What if the five stocks that have driven the rally pull back. Is that even po...Read More
August 24, 2020 - Brixton Metals Corporation (the “Company“) (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce that it has entered into a purchase agreement to acquire a 100% interest in the Metla mineral claim group of 6,413 hectares from Stuhini Exploration Ltd., TSXV:STU ("Stuhini") for consideration of 1,200,000 common shares of Brixton and CAD $42,000 in cash (subject to the accep...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 could not break past 1090 and slipped modestly. It fell 2.68 points to 1066.90.MACD fell 3.5 points to -2.14. RSI backed off 9.59 points to 66.77.Support is now at 1049.90 (20-day moving average) and 1033. Resistance is at 1084 and 1100.As far as performance goes, the...Read More
Delbrook Capital Advisors Inc., a hedge fund specializing in metals and mining, more than doubled its return this year playing the precious metals rally. And now it's trimming some of that position.Read full newsRead More
Delbrook Capital Advisors Inc., a hedge fund specializing in metals and mining, more than doubled its return this year playing the precious metals rally. And now it's trimming some of that position.Read full newsRead More