The current economic events are a plus for gold. But gold stocks have gotten ahead of themselves right now.More From InvestorPlace Top Stock Picker Reveals His Next 1,000% Winner America's Richest ZIP Code Holds Shocking Secret #1 Under-the-Radar 5G Stock to Buy Now The 1 Stock All Retirees Must OwnRead full newsRead More
There is no question this economic environment is ideal for gold prices and, therefore, TSX gold stocks. However, some gold stocks are so strong, investors can buy the stocks knowing they are great long-term investments.Gold is something investors should always have at least a small portion of their portfolio exposed to. And in times of uncertainty, when a safe-haven asset is demanded, that’...Read More
Epiroc's Minetruck MT65, part of the Codelco order Credit: Epiroc Epiroc, a productivity partner for the mining industry, has won a large equipment and service order from Codelco for its Chuquicamata mine in northern Chile.Codelco has ordered underground loaders, face drill rigs, rock bolting rigs and mine trucks, as well as technical support and training for the Chuquicamata underground mine...Read More
Investors might be a bit confused by the term “growth stocks.” After all, in today’s market, everything might look like a growth stock. With a market crash behind us, many stocks have a lot of growing to do. However, that’s not what an investor should be looking at when deciding whether a stock has a history and future full of growth.If you look at the past decade of a stoc...Read More
Millions of Canadians have lost their jobs due to the COVID-19 lockdowns and have to face a loss of income. The government has put in place the Canada Emergency Response Benefit (CERB), which gives $2,000 for 16 weeks to Canadians who have lost their jobs due to the pandemic or earn only $1,000 per month. While this financial aid is useful, it might not be enough for many Canadians. The $2,000 is...Read More
O3 owns 4,350 sq. km of ground in Quebec, including 610 sq. km in Val d'Or, pictured here. (Image by Tobie Charette, Wikimedia Commons). O3 Mining has announced that it has entered into an agreement with a syndicate of underwriters, co-led by Cormark Securities, Sprott Capital Partners and Canaccord Genuity, to raise C$35 million (upsized from C$30 million) for exploration work at its projects...Read More
Finding those “forever” companies investors like Warren Buffett describe is easier said than done. The reality is that finding companies such companies is a very large ask. These companies have to be able to withstand periodic beatings via black swan events, such as the coronavirus.In addition, these companies must outperform the broader indices, over decades. In this article, I’...Read More
The new drill results extend the known PGM zones and Nickel zones by more than 1.5 km along strike. Image from Canada Nickel Company. Canada Nickel has released full assays for hole CR20-33 as well as nickel assays for hole CR20-32, which step out the East zone nickel-PGM mineralization by 400 metres to the east at the Ontario project and extend the Main zone nickel mineralization by 1.5 km to t...Read More
Itabira, MInas Gerais, Vale's first mine. (Credit: Wikimedia Commons) Vale (NYSE: VALE) said in a securities filing on Friday that its Itabira iron ore mine was ordered shut under an order from Brazilian labor authorities, but also that it was able to immediately reverse that order after obtaining a favorable court injunction.The labor authorities reported that 200 local employees have tested po...Read More
The Back River gold project in Nunavut. Image from Sabina Gold & Silver Corp. Sabina Gold & Silver (TSX: SBB) confirmed on Friday that plans are now in place for a phased reopening of its Back River project in Nunavut, Canada.A spring drilling program planned on the property was halted in March as a precautionary measure due to the coronavirus outbreak.With its previously announced C$49 million f...Read More
The Stockholm-headquartered company said Friday morning the fire had been put out and no one had been injured. Production at the plant would remain suspended "until further notice".Read More
To pay for their governments' skyrocketing COVID-19 bills, central banks around the world are expanding their money supplies at a historic rate, triggering fears of high inflation and prompting big expectations for gold prices.In America, the Federal Reserve has added nearly $2.25 trillion to the U.S. money supply (as measured by M2) over the past 10 weeks alone.The Fed has done more in response t...Read More
Canada Nickel (TSXV: CNC) has released full assays for hole CR20-33 as well as nickel assays for hole CR20-32, which step out the East zone nickel-PGM mineralization by 400 metres to the east and extend the Main zone nickel mineralization by 1.5 km to the north.Drill highlights include 38 metres of 0.37% nickel and 0.17 gram per tonne PGMs within a 315-metre interval of 0.25% nickel starting at 12...Read More
Bank of America forecasts global copper consumption could contract by 18% year-over-year in 2020 should global GDP drop by an estimated 4.2% due to economic disruptions caused by the coronavirus pandemic.Although a decline in copper purchases of this magnitude "would be devastating for the red metal and also the wider mined commodities complex," the bank said in a research note today, it also note...Read More
Northern Dynasty Minerals (TSX: NDM) appears to be back on track towards obtaining final permits for its proposed massive copper-gold mine in Alaska after the US Environmental Protection Agency (EPA) declined to subject the project to water pollution restrictions evaluations, which have effectively stalled the project since they were outlined in 2014.The move reduces the likelihood of a potential...Read More
Chile's Codelco, the world's largest copper producer, saw profit nosedive in the first three months of the year as prices for the metal dropped to an average of US$2.49 per lb. in the same period compared to US$2.72 a year earlier.The state-owned miner reported an 85% decline in profit to US$54 million in the first quarter of 2020, even though production climbed 6% to 361,000 tonnes.Lower costs -...Read More
BMO Capital Markets has hiked its long-run gold and silver price forecasts to US$1,400 per oz. and US$18.25 per oz., increases of 16.7% and 5.8%, respectively.The bank's long term price forecasts have been "static" since 2015, the analysts stated, noting that "changing a long-term price is not something we take lightly, or indeed do very often."In the nearer term, BMO's analysts forecast gold pric...Read More
After beginning the year by formally appointing Peter Kukielski as its CEO, and this month settling a long-drawn-out boardroom battle with its second-largest investor, Canadian copper producer Hudbay Minerals (TSX, NYSE: HBM) is setting its sights on gold.Despite strong performance at its Canadian operations, Hudbay swung to a loss in the first three months of the year, mainly due to weak base met...Read More
Week 20 (23/05/2020-28/05/2020) Company news Americas Golden Star Resources puts close to 60 workers at the mine in Ghana under quarantine but expects only limited impact on production and underground development.Sierra Metals says it's seeking approval to restart mining activities at Yauricocha as the country's state of emergency and nationwide lockdown have been extended again, to...Read More
On May 16, the USS Portland sailed out to sea, where it was attacked by an airborne drone.With one swift action, the crewmen took aim with America's newest, and most powerful, laser weapon, destroying the target mid-flight.Furthermore, the Navy was so proud of its new laser weapon (and perhaps eager to demonstrate this capability to adversaries like China) that it released footage of the test on Y...Read More