The S&P/TSX Composite Index rose 1.39% to 14,620.30 during the April 27-May 1 trading week. The Global Mining Index fell 0.81% to 82.25 and the Global Base Metals Index climbed 1.18% to 75.24. Spot gold dropped US$26.60 per oz., or 1.54%, to finish at US$1,702.90, and the Global Gold Index fell 1.32% to 342.27.News that Eric Sprott invested $60 million into MAG Silver sent the company's shares up...Read More
The S&P/TSX Venture Composite Index rose by 2.26%, or 10.45 points, to finish the trading week at 473.09, with gold finishing the week at US$1,702.90 per oz., a fall of US$26.60 per ounce.Probe Metals climbed 11% to $1.11 per share. The company reported results from winter drilling at its Monique property, 25 km east of Val-d'Or, Quebec. President and CEO David Palmer said the first results from t...Read More
Publisher's Note: Today we're bringing you a pair of excerpts from Mr. James Dines' Interim Wealth Bulletin, a weekly, in-depth companion service for The Dines Letter.Mr. Dines has long warned about the dangers of infectious diseases, the building currency crisis, and how a massive gold spike and bull market were building. Now we're seeing all three pan out at the same time. Read on for Mr. Dines'...Read More
Vancouver, BC - January 6, 2020 - Surge Exploration Inc. Read moreRead full newsRead More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort287,38224,65344,448114,902408,531446,732477,632Change from Prior Reporting Period 5,119-8,0393,519-1,90611,6506,7327,130Traders20354715959290159 Small Speculators (C) GoldSeek.com LongShortOpen Interest 54,08423,184500,816 9265287,658 non reportable positionsChange from the pr...Read More
By: Ira EpsteinGold market has backed off here. Not pretty on the chart action on gold..Read More
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2020) - Alamos Gold Inc. (TSX:AGI) (NYSE:AGI) President and CEO of Alamos Gold, John McCluskey, discusses the company's operating gold mines in North America and Mexico.If you cannot view the video above, please visit:https://www.b-tv.com/alamos-gold-mining-ceo-clipRead full newsRead More
TORONTO - Through an emergency order passed today, the Ontario government is taking steps to defer a portion of Global Adjustment (GA) charges for industrial and commercial electricity consumers that do not participate in the Regulated Price Plan for the period starting from April 2020. This initiative is intended to provide companies with temporary immediate relief on their monthly electricity bi...Read More
Texas reported a single-day record jump in deaths as the state allowed some businesses to reopen...Read full newsRead More
...the gloves are well and truly off now.Read full newsRead More
Gold stocks pulled back from multi-year highs in recent days. Is the bull run over, or simply taking a pause before another surge higher?Gold market rallyGold traded for about US$1,300 per ounce at this time last year. The price started to rally in late May and continued to move higher through the summer months of 2019, driven by fears that the trade war between China and the United States would t...Read More
Over the past decade, investing in the top growth stocks is a proven strategy. Growth investors have enjoyed outsized gains, while value investors have been left with few options. Now that markets have retreated from all-time highs, there are several companies that are dual threats. They provide growth at excellent prices. A growth stock is typically defined as one that is growing by an avera...Read More
An article in Canada's french La Press today announced that Canada had fiished selling off its gold reserves. The last time a country sold their gold it was England at US$275 per ounce in 2002. It turned out to be a bottom (the worst time to sell) as it is now around US$1700 per ounce. Let's see if history repeats itself. I have always been on the record to support assets with no counter party ris...Read More
Yesterday the gold miner announced the US$460 million acquisition of Lundin Gold's debt and streaming facilities over the newly commissioned, tier one Fruta del Norte (FDN) mine in Ecuador.Read More
Share this articleTORONTO - Shares in Agnico Eagle Mines Ltd. rose Friday after it released new production guidance and reported a first-quarter loss linked to temporary mine shutdowns to control spread of the COVID-19 pandemic.Agnico Eagle shares on the Toronto Stock Exchange rose by as much as 6.8 per cent or $5.53 to $86.86 before dropping back to $83.86 at 11 a.m. EDT.The Toronto-based gol...Read More
Share this articleSASKATOON - Cameco Corp. says spot uranium prices are up amid the production disruptions caused by the COVID-19 pandemic.The company says the uranium spot price has increased by more than 35 per cent since the company announced the first disruption at its Cigar Lake mine on March 23.The comment came as Cameco reported a first-quarter loss of $19 million or a nickel per share com...Read More
Share this articleCALGARY - Teck Resources Ltd. is leaving the Canadian Association of Petroleum Producers, an industry organization whose members represent about 80 per cent of Canada's oil and gas production.The move was made as part of a cost-cutting drive, Teck spokesman Chris Stannell said in an email, noting the company's 2019 CAPP membership cost about $135,000.Teck is targeting $1 bi...Read More
A friend texted me on Monday afternoon, "I'm 174,000 person in line.""For what?!," I responded."To use Maryland's unemployment website," she sent along with this screenshot:At 174,370 in line, there were more than three baseball stadiums full of people waiting ahead of her. And this was just in Maryland. And just on Monday.The Department of Labor now says over 30 million Americans have filed joble...Read More
Perseus Mining (TSX: PRU; ASX: PRU ) is building its second open-pit mine in Cote d'Ivoire and its third in West Africa, and expects to pour first gold in December despite the COVID-19 pandemic.Once built, Yaoure will produce 215,000 oz. gold per year at all-in sustaining costs (AISCs) of US$734 per oz. over the first five years of an initial 8.5 year mine life.On a recent conference call, manag...Read More
A key result of the grip of the coronavirus is the severe disruption to the commodity markets on both sides of the supply chain. A major issue that has affected gold has been the lack of airline flights, resulting in a false market tightness and bloated contangos. In terms of overall price action, during these times of distress (notably the equity markets' slump in March) gold has behaved in its n...Read More