Senior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developmentsRead full newsRead More
SOUTHAMPTON - The Ontario government is providing up to $1.8 million to expand natural gas to households and businesses in Saugeen First Nation. Bill Walker, Associate Minister for Energy, announced today that construction has started on a new natural gas pipeline that will bring more reliable and affordable energy to the Indigenous community."By expanding access to natural gas, our government is...Read More
CEO Darin Labrenz:Read full newsRead More
(Originally published on July 8, 2020) - Today we are going to focus strictly on interpreting what our US insider sentiment indicators are now signalling. Our key US Indicator which measures sentiment towards the average stock in America has firmly established a bottoming pattern. That means insider buying has bottomed out, typically a short-term bearish signal as such a pattern often happens n...Read More
It was worth about $1,809/oz at the time of writing, having earlier neared $1,820/oz.US president Donald Trump didn't share any economic jitters, tweeting yesterday the economy and jobs were growing much faster than anyone - except him - had expected, while China's virus mortality rate was among the lowest of any country."Shaping up for a good third quarter, and a great next year!" he said.North A...Read More
NZAS, a joint venture between Rio (79.36%) and Sumitomo Chemical Company (20.64%), operates the Tiwai Point aluminium smelter on New Zealand's South Island.The decision follows a strategic review which concluded the business was no longer viable given high energy costs and a "challenging" outlook for the aluminium industry.Rio posted an underlying loss of NZ$46 million on the smelter in 2019.Rio s...Read More
Imperial Mining Group is developing a potential new and reliable source of scandium that could disrupt current markets and expand the industrial uptake of this remarkable metalScandium is classed as a transition metal and rare earth element (REE) and readily alloys with aluminium to produce an alloy that is as strong as steel and titanium but weighs around one-third of steel and is about 40% light...Read More
Battle North Gold (TSX: BNAU; US-OTC: BNAUF), previously Rubicon Minerals, has released an updated resource estimate for its flagship Bateman gold project, formerly known as Phoenix, which grows the measured and indicated tonnes by 18% with no major changes in grade.The latest estimate features 4.6 million tonnes in the measured and indicated category, grading 6.63 grams gold per tonne, for a tota...Read More
Investors in Kincora Copper (TSX-V: KCC) have had to be patient in allowing management to explore for really big prizes in Mongolia & New South Wales, Australia. This week we learned that it was well worth the wait. On July 6th, the Company announced an excellent drill result intersecting multiple mineralized skarn zones at its Trundle Park target in Australia's foremost porphyry region...Read More
Back in the early spring, investors were reeling from one of the fastest retreats into bear market territory in modern history. At the time, I’d suggested that Canadians should look to stock up on precious metals stocks. The COVID-19 pandemic has led to economic devastation worldwide, prompting many investors to run to safe havens.However, the bullish conditions for gold and silver were appa...Read More
Treaty Creek project. (Image courtesy of Tudor Gold).Tudor Gold has reported its best intercept yet from drilling at its Treaty Creek project in B.C.'s Golden Triangle - a 973-metre interval grading 0.85 g/t gold-equivalent (or 0.775 g/t gold, 3 g/t silver and 0.02% copper).The intercept, starting at 34.5 metres depth in hole GS-20-57, included a shorter 217.5-metre section grading 1.4 g/t gold-...Read More
Stock image. Royal Helium (TSXV: RHC) closed on Thursday its oversubscribed private placement first announced in June. Royal raised proceeds of C$1 million through the issuance of 20,000,000 units at a price of $0.05 per unit.Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at a...Read More
Alacer Gold's Copler gold mine in east-central Turkey. Alacer and SSR Mining announced an at-market merger of equals in May 2020. Credit: Alacer Gold. The total transaction value of mergers and acquisitions in the second quarter of the year reached $2.86 billion in twelve deals, with Chinese buyers acquiring gold assets and smaller companies joining forces to become mid-tier producers, the Bank o...Read More
(Reference image courtesy of Great Thunder Gold). Haywood Securities has raised its gold price forecast for the second half of 2020 from $1,650 per oz. to $1,800 per oz.Next year the broker-dealer believes gold will average $1,700 per oz., up from its earlier forecast of $1,600 per oz., while 2022 should see the precious metal average $1,650 per oz., up from an earlier estimate of $1,550 per oz."...Read More
MINING.COM MINUTE is a roundup of the biggest stories from the global mining and metals industry.This week's top stories:Gates, Bezos-backed firm searching for cobalt in Canada - Read moreGold price builds base above $1,800 with record in sight - Read moreMonster rally adds $250 billion to global top 50 mining companies - Read moreIn copper country, they're using the metal to fight virus - Read m...Read More
NOA is a compelling opportunity for value investors with a longer-term time horizon to own a wealth-generating company which can be bought today near its tangible book value.North American Construction Group has seen some success from its initiatives into coal in Texas and Wyoming.Although stocks have recovered much of the lost ground from their worst lows in March, PI Financial analyst Devin Schi...Read More
The company is undertaking a placement to raise $100 million and will seek to raise an additional $20 million via a share purchase plan. The issue price for both offers is $1 a share, a 10.Read More
Today is Thursday, July 9, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,803.00. It's down -0.77% from yesterday and up 29...Read More
Today is Thursday, July 9, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of QEP Resources (NYSE: QEP), CONSOL Energy (NYSE: CEIX), and Penn Virginia Corporation (NASDAQ: PVAC).QEP Resources (NYSE: QEP)QEP Resources (NYSE: QEP) is a $285.78 million company today with a one-year return of -82.34%. Let's look at its price-to-earnings (P/E) ratio, its enterp...Read More
If Biden wins, we're screwed!That's what my cousin told me last weekend, while we were having one of our obligatory drunken debates online. I wasn't actually drunk though, as I'm partial to cannabis. But he throws back the tequila like a Mexican biker.In any event, while I love my cousin, we are pretty far apart on politics.He's a lifelong conservative republican while I'm loyal to no party, alth...Read More