The gold miner is making moves to improve its near-term financial flexibility.Read full newsRead More
State revenue from gold mining companies in Mali surged 63.5% to 403.6 billion CFA ($702 million) in 2019 compared with 2018, boosted by a strong turnover from companies operating in the West African nation, the government said on Wednesday.Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Exploration drilling has confirmed the continuity of high-grade mineralisation at the Red Chris copper-gold mine in northwest British Columbia, 80 km south of Dease Lake and 1,700 km from Vancouver.The mine is a joint venture between Imperial Metals (TSX: III) and Australian miner Newcrest Mining (ASX: NCM). Newcrest holds a 70% stake and Imperial a 30% interest. Newcrest is the mine operator.The...Read More
Copper prices surged to their highest levels in nearly three months on June 11, reaching US$5,801.5 per tonne (US$2.63 per lb.) on the London Metals Exchange (LME), up almost 20% from a low of US$4,854 per tonne (US$2.20 per lb.) on March 5, when commodity markets started to free-fall due to the Covid-19 pandemic.A ramping-up of demand from China, the top consumer of the red metal, is now fuelling...Read More
For companies without the size and heft of the big producers De Beers and Alrosa, the diamond space has always been a challenging one - even before the coronavirus pandemic. But with long-term fundamentals that point to a bright future for diamonds, some juniors are finding ways to advance their projects, despite the tough times. Here's a look at several active Canadian-based diamond explorers (an...Read More
China's Zijin Mining has emerged as the unnamed multinational that trumped Silvercorp Metals' (TSX: SVM; NYSE: SVM) bid for Guyana Goldfields (TSX: GUY), with a deal that values the target miner at $323 million (US$238 million).The Fujian-based mining giant has offered Guyana Goldfields $1.85 in cash for each common share, which is 35% higher than Silvercorp Metals' proposal.Prior to signing the a...Read More
Australia's state of Queensland has granted Glencore's (LSE: GLEN) A$1.5-billion (US$1 billion) Valeria coal mine the status of "coordinated project" in order to fast-track it, as the nation seeks alternatives to kickstart the recession-ridden economy.The decision will bring environmental and other assessments for the mine, expected to produce 20 million tonnes of coal annually for 35 years, under...Read More
I couldn’t agree more with Foolish writer Vishesh Raisinghani on their bearish view on the economy and market. They went as far as selling 20% of their portfolio.Here’s how you can prepare.Stock market crash: Take profit in fully valued and speculative positionsAnother stock market crash can be triggered by a second wave of COVID-19. In fact, the selloff might have already started in t...Read More
New investors may be aware of a profound shift in economics towards businesses that display ESG characteristics. ESG, or Environmental, Social, and Governance, considerations are driving investments in new, ethically focused industries. Aside from such admirable ideals, though, ESG thematics are sustainable by definition. They’re also disrupting entire sectors, and where there’s disrup...Read More
After the run-up in certain gold stocks, I decided to sell a few of my favourite names. These stocks have come back a bit, making me wonder whether I should get back in at these levels. I still see upside in gold, especially if central bankers’ plans don’t go as well as they should. If anything, the drastic one-day fall on June 11 should make investors nervous about the possibility of...Read More
After this market crash, a lot of investors are likely to reevaluating their investment strategies. Those who played it safe and invested only in blue-chip dividend stocks may want to try adding a little growth to their portfolios. Similarly, investors who primarily leveraged growth for their investments might look into stable dividend stocks.If you’re looking for growth stocks, even if they...Read More
Coronavirus cases in the U.S. topped 2 million and fears of a rise in infections pummelled the stock market. The Dow Jones Industrial Average Index plunged 5.55%, or 1,505.44 points, to finish the June 8-12 trading week at 25,605.54, and the S&P 500 dropped 4.78%, or 152.62 points, to 3,041.31. Spot gold finished at US$1,730.50 per oz., a gain of US$46.50 per oz., or 2.76%.Shares of AngloGold Asha...Read More
Concerns about a new surge of coronavirus infections sent the S&P/TSX Composite Index down 3.77%, or 597.50 points, to finish the June 8-12 trading week at 15,256.57. Spot gold rose 2.76%, or US$46.50 per oz., to close at US$1,730.50 per oz., and the S&P/TSX Global Gold Index climbed 2.07%, or 6.28 points, to 309.78. Other indexes were mixed. The S&P/TSX Base Metals Index fell 3.71% (3.41 points)...Read More
The S&P/TSX Venture Composite Index fell by 0.36% to finish the June 8-12 trading week at 554.91, with gold finishing the week at US$1,730.50 per oz., a rise of US$46.50 per oz. from the previous week.Shares of Artemis Gold jumped 75% to $3.09 following news of its plans to purchase New Gold's Blackwater gold project for $190 million in cash. Under the agreement, Artemis will pay New Gold an initi...Read More
M&A activity has been a theme in the gold space this year, and this week I got another perspective from Byron King of Agora Financial. As part of an extensiv...Read full newsRead More
The gold miner is making moves to improve its near-term financial flexibility.Read full newsRead More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort263,97255,35946,644110,115353,572420,731455,575Change from Prior Reporting Period -8,2242,1979,6371,461-11,7052,874129Traders19664785453283165 Small Speculators LongShortOpen Interest 54,93020,086475,661 -2,958-213-84 non reportable positionsChange from the previous reporting per...Read More
Gold investment demand remains strong, buoying the yellow metal and its miners' stocks. Investors have continued actively diversifying into gold despite soaring stock markets and weaker summer seasonals. The Fed's extreme money printing fueling these precarious stock-market heights is perilously inflationary, making upping gold portfolio allocations essential. This ongoing capital shift...Read More
By: Gary Savage$SPX well have some sort of re-test of the March's low. Gary Savagehttps://blog.smartmoneytrackerpremium.com/ Read More