Canadian broader markets continue to climb higher recently, despite rising economic uncertainties. TSX stocks on average have surged more than 40% in the last three months, pushing many into the overbought zone.Investors should note that the relative strength index (RSI) of a stock is a momentum oscillator that takes values between 0 and 100. A stock with an RSI above 70 is overbought, while a sto...Read More
Bayan Khundii project, Mongolia. (Image courtesy of Erdene Resource Development.) Erdene Resource Development (TSX:ERD) has released drill results from the Midfield Southeast zone of the company's 100%-owned BayanKhundii gold project in southeast Mongolia. "Drill results from the new Midfield southeast zone, including one metreof 582 g/t gold within an intersection of 5.5 metres grading 126 g/t g...Read More
The Pan mine. Photo by Fiore Gold. US-focused gold producer Fiore Gold (TSXV: F) announced Wednesday preliminary production results for the fiscal third quarter of 2020 from its Pan open-pit mine in White Pine County, Nevada.The Pan mine, located 28 kms southeast of the town of Eureka, was bought by the company out of bankruptcy in 2016 for approximately $5 million.For the three-month period, gol...Read More
The Chelopech mine is located on the southern flank of the Balkan Ranges. Credit: Dundee Precious Metals Inc. Dundee Precious Metals (TSX: DPM) has delivered strong preliminary production results from both of its Bulgarian mines and its smelter in Namibia for the second quarter of 2020. The company says it is on track to meet its previously issued guidance for 2020 at each of its operations despi...Read More
The company's exploration camp is hundreds of kilometers north of the Arctic Circle, with the team and equipment mobilized from Iceland by a charter flight and helicopters. (Image courtesy of Greenfields Exploration.) Greenfields Exploration said on Wednesday it had identified a "shopping list of high-quality acquisitions" in Greenland, which could give it about 28% of all areas under license in t...Read More
Exploration drilling along the PureGold trend Credit: Pure Gold Mining Underground drilling at Pure Gold Mining's Red Lake mine in Ontario has returned high-grade intercepts from both step-out and infill holes.The company released 10 initial assays from a 30,000-metre drill program, which started in June. These drill holes extend the mineralization around planned stopes, suggest new gold zones...Read More
Today is Wednesday, July 8, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Arch Resources (NYSE: ARCH), Clean Energy Fuels Corporation (NASDAQ: CLNE), and Baytex Energy Corporation (NYSE: BTE).Arch Resources (NYSE: ARCH)Arch Resources (NYSE: ARCH) is a $428.24 million company today with a one-year return of -67.75%. Let's look at its price-to-earnings...Read More
Sabina Gold & Silver (TSX: SBB; US-OTC: SGSVF) has returned to work at its Back River gold project in Nunavut, with an expanded 8,500-metre drill program planned at the 8-km-long Goose property.The junior demobilized its exploration camp staff at the project, 520 km northeast of Yellowknife, in March, due to the Covid-19 pandemic, before beginning its planned drill program (at that time a smaller...Read More
Billionaire mining investor Eric Sprott has acquired 3 million common shares of Stratabound Minerals (TSXV: SB) at a price of 5 ? per share.The acquisition was conducted through Jerritt Canyon Canada, which is controlled by Sprott. The privately held mid-tier gold producer operates the Jerritt Canyon processing plant and four gold mines located 80 km north of Elko, Nevada.Through the acquisition,...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) and Japan Gold (TSX-V: JG) have kicked off geophysical-gravity surveys in the Asian country's Hokusatsu Region, as part of a joint effort to uncover the nation's gold mining potential.Under a venture formed in February, known as Barrick Alliance, the companies have completed bulk leach extractable gold (BLEG) and rock chip sampling over eight of the 14 targets l...Read More
ScoZinc Mining (TSXV: SZM) has released the results of a preliminary feasibility study (PFS) on its wholly owned and permitted Scotia mine project, 62 km northeast of Halifax. The study outlines a 2,700-tonne-per-day open-pit operation, producing zinc and lead concentrates over a 14-year mine life.The proposed operation would produce an average of 35 million lb. zinc and 15 million lb. lead over f...Read More
GoviEx Uranium (TSX-V: GXU) says it will appeal Zambia's decision to terminate its Chirundu mining license.The company acquired the permit in 2017 from African Energy Resources, and it includes the Njame and Gwabe deposits. Both assets, GoviEx said, were subsequently included in the preliminary economic assessment (PEA) for the company's Mutanga uranium project.Due to the smaller scale and higher...Read More
MINING.COM's ranking of the world's 50 largest mining companies based on market value shows an industry clawing back most of the Covid-19 related losses by the end of the second quarter.The top 50 most valuable mining companies added $249.5 billion in market capitalization over the three months to end June, thanks to surging gold and silver prices, iron ore prices in triple digits, and a late reco...Read More
According to the latest figures from the Minerals Council South Africa, 1,739 of the 3,119 cases were from platinum mines, followed by 938 from the gold sector.Platinum group metals mines had the biggest number of direct employees, about 164,500 of the mining industry's 455,000, in 2019.About one in seven employees tested have returned a positive result, according to the figures.The council said o...Read More
I'm going to make today's editorial quite short because the investment opportunity I'm about to share with you is only viable this week.If you've been following me at all, you already know that I founded my elite-level advisory service, Nick's Notebook, over five years ago now. Since then, I have used the private deals it specializes in to make myself and my subscribers millions. We have doubled...Read More
Ulaanbaatar, Mongolia--(Newsfile Corp. - July 6, 2020) - Steppe Gold Limited (TSX: STGO) (Read full newsRead More
Which TSXV junior gold stocks have performed the best this year?Read full newsRead More
Royal Dutch Shell Plc is weighing the sale of its 211,146 barrel-per-day (bpd) Convent, Louisiana, refinery, the company said on Tuesday.Read full newsRead More
By: Gary SavageGold's novice traders have given up and lost patience. Lots of traders in the choppy markets, get stopped-out during a consolidation and shaken out, over and over. Investors need to be more patient. Gamblers who trade everyday, well these people consistently lose money:https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold's pattern, higher-high and a higher-low. $1766.30 is support. Gold above the 18-dma average, which keeps its bias positive:Read More