In the latest free Canadian Insider Insights newsletter, we suggest a cautious approach towards the April rally. However, we continue to believe that Canadian mid-cap stocks have an important role to play as we move through the COVID-19 pandemic.On INK Ultra Money, we hear Vincent Deluard explain how society is essentially asking the poor and its youth to make sacrifices for the benefit of the ri...Read More
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Haul truck at an iron ore mine in western Australia. (Image courtesy of BHP) BHP on Tuesday reported a 6.3% rise in third-quarter iron ore production that only narrowly missed analyst estimates, and kept outlook unchanged for two of its key products despite global economic disruption caused by the coronavirus outbreak. Total iron ore production increased by 3% to 181 million tonnes YTD. Guidance...Read More
The price on the futures contract for West Texas crude that is due to expire today fell to minus US$37.63 a barrel, Bloomberg reported, as storage space runs out with demand for fuel slashed by global COVID-19 travel restrictions.Airline Virgin Australia entered voluntary administration this morning, with founder Richard Branson saying it was not the end "but I believe a new beginning".US markets...Read More
Metals stocks come in a range of shapes and sizes. As such, they satisfy a variety of buying strategies. There is something for every investor in this field. The biggest names offer sturdy passive income. Smaller names offer steep positive momentum. Then you have the safe-haven assets of gold and, to a lesser extent, silver. The green economy is booming, meanwhile, and driving demand for copper, l...Read More
As the price of gold continues to hit multi-year highs, investors have been increasingly looking to take positions in gold stocks. Gold is a proven hedge against recessions and bear markets. The stock market crash of 2020 is no different. Thus far, the S&P/TSX Global Gold Index is up 17.21% in 2020. It is far outperforming the 15.84% loss posted by the S&P/TSX Composite Index. It is t...Read More
Raw material fed into the sorting process Image from Tomra. With a positive outlook for the quartz market, the challenge for mining companies servicing this sector lies in the purity of this mineral. Customers in the metallurgical and engineered stone industries require a reliable supply of quartz at a consistent purity.Tomra's patented multi-channel laser sorting technology seeks to unlock the...Read More
View inside a tele-remote cabin Image from RCT. RCT, a company specializing in autonomous solutions, has completed a customized tele-remote project at the Ridder underground Tishinsky copper mine in Kazakhstan. RCT's ControlMaster Teleremote solution can be tailored to a mine's site-specific requirements.RCT worked with the local Caterpillar dealer to install and commission its ControlMaster au...Read More
Troilus project. (Image courtesy of UrbanGold Minerals) Troilus Gold (TSE: TLG) has reported assay results from two holes completed at the Southwest zone, 3.5 km northeast of the existing deposit within the 160-sq.-km Troilus project, located northeast of the Val-d'Or district of Quebec. The drill highlights include 73 metres of 1.56 g/t gold equivalent in hole TLG-ZSW20-189 and 6 metres of 1.23...Read More
The Sakami project is located 500km north of Val-d'Or, pictured here. (Image by Tobie Charette Eltobito, Wikimedia Commons). Drill results from Quebec Precious Metals' wholly-owned 140-sq.-km Sakami project, 570 km north of Val d'Or, Quebec, suggest a new mineralized zone, the La Pointe Extension area. This zone has been traced over approximately 900 metres of strike, to a depth of 215 metres w...Read More
Image from Shanta Gold. Shanta Gold has announced gold production of 20,167 ounces in Q1, up from 19,550 in the previous quarter.The company also reported that is on track to meet its full-year production guidance of between 80,000 ounces and 85,000 ounces of gold. The New Luika gold mine in Tanzania continues to perform above nameplate capacity, with 174, 069 tonnes milled in the first quarter...Read More
Production from the company's Letšeng mine in Lesotho was 26,110 carats in the March quarter, down 12% quarter on quarter.Read More
The company said Kissam would stay on through June in an advisory capacity to ensure an orderly transition.He would also remain on the board and stand for re-election at the annual meeting on May 5.Masters joined Albemarle's board in 2015, having been a non-employee director of Rockwood Holdings from 2007-2015, when it was acquired by Albemarle."I look forward to continuing to work with the board...Read More
Share this articleTeck Resources Ltd. is reporting a first-quarter loss attributable to shareholders of $312 million as it takes a $474-million writedown on its share in the Fort Hills oilsands mine.The Vancouver-based miner's loss in the three months ended March 31 compares with a profit of $630 million in the same period of 2018.The company reported an adjusted profit of $94 million, or 17 cent...Read More
Yesterday the May 2020 contract for oil fell to negative $35 at the close from $20 at the open. That is, in theory, the oil producers would have to pay you to take it.When I first started trading there was always a secondhand story about some guy who didn't get out of his coal/pork bellies/corn futures contract in time and when he came home there were three tons of unprocessed bacon on his lawn.Ye...Read More
Bank of America has hiked its 18-month target for gold from US$2,000 to US$3,000 per oz."As economic output contracts sharply, fiscal outlays surge, and central bank balance sheets double, fiat currencies could come under pressure and investors will aim for gold," the bank said in a research note today."True, a strong US dollar backdrop, reduced financial market volatility, and lower jewelry deman...Read More
This week's episode features an interview with Northern Miner senior reporter Carl A. Williams, who discusses all things mining and science, including biogeochemical prospecting, artificial intelligence and space mining. He also described his experience of going to this year's PDAC conference, his first time at the event.All this and more with editor and host Adrian Pocobelli.Articles referenced i...Read More
First the good news: Quebec's decision last week to add mining to the list of priority activities and services permitted during the pandemic elicited quiet cheers from investors and lifted the spirits of gold miners like Agnico Eagle, Yamana, Iamgold, Hecla and Eldorado, which said they would cautiously re-open their mines under strict health and safety protocols. (At last count, Quebec has more t...Read More
Drill results from Quebec Precious Metals' (TSXV: CJC; US-OTC: CJCFF) wholly owned 140-sq.-km Sakami project, 570 km north of Val d'Or, suggest a new mineralized zone, the La Pointe Extension area. This zone has been traced over approximately 900 metres of strike, to a depth of 215 metres with widths ranging from 10 metres to 80 metres.The La Pointe Extension zone is 2 km southwest of the La Point...Read More
Troilus Gold (TSX: TLG) has reported assay results from two holes completed at the Southwest zone, 3.5 km northeast of the existing deposit within the 160-sq.-km Troilus project.The drill highlights include 73 metres of 1.56 grams per tonne gold-equivalent in hole 20-189 and 6 metres of 1.23 grams per tonne gold-equivalent from the same hole, as well as 14 metres of 1.02 grams gold-equivalent from...Read More