Nevada. (Image in the Public Domain taken from Piqsels). Nevada Gold Mines has announced measures to provide financial and logistical support to mitigate the impact of the covid-19 pandemic on local communities.At the state level, the company has committed an initial $1.5 million to the Nevada covid-19 Response, Relief and Recovery Task Force, as well as offering to support the effort through it...Read More
Bingham Canyon mine. (Image: Wikimedia Commons) The world's number two miner, Rio Tinto, (ASX:RIO) said it has invoked force majeure on contracts at its Kennecott copper operation near Salt Lake City, Utah following an earthquake last month.Kennecott copper mine and smelter was shut down following a 5.7 magnitude earthquake close to the town of Magna on March 18. There were no injuries and Rio at...Read More
Oyu Tolgoi copper-gold-silver mine. (Image courtesy of Rio Tinto.) Rio Tinto (ASX, LON, NYSE: RIO) is facing a new setback at its giant copper project in Mongolia with a large investor demanding a shakeup at the Oyu Tolgoi operation over what it claims is "a massive devaluation" of the asset.US hedge fund Pentwater Capital wants the designation of a new independent director to represent the inte...Read More
As flagged by MNN when Bellevue raised A$26.5 million last week, BlackRock was a cornerstone investor to that placement.Read More
Today is Thursday, April 2, 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 $1,626.25. It's up 0.77% from yesterday and up 26.0...Read More
Today is Thursday, April 2, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of NACCO Industries (NYSE: NC), Parsley Energy (NYSE: PE), and Ovintiv (NYSE: OVV).NACCO Industries (NYSE: NC)NACCO Industries (NYSE: NC) is a $183.83 million company today with a one-year return of -32.72%. Let's look at its price-to-earnings (P/E) ratio, its enterprise-value-to-f...Read More
Fears of a global recession stemming from the coronavirus panic, coupled with a dip in commodity prices, sparked an overwhelming flight to gold and safe-haven assets.Investors looking to buy physical gold right now will find themselves in a market of unusually low inventories and extraordinarily high prices.Today, we'll briefly look at the gold bullion market, and I'll show you the most affordable...Read More
Freeport-McMoRan (NYSE: FCX) confirmed that one employee was killed and another employee and contractor were seriously injured in a shooting in Papua, Indonesia, near the company's administrative offices in Kuala Kencana, a lowlands company town 60 km from its Grasberg mine in the highlands."Security has been increased in the area, and government security forces are actively working to apprehend t...Read More
The GFMS team at Refinitiv recently published its latest findings on the global silver market, highlighting the shift in supply and demand over the course of 2019 and provided provisional supply and demand estimates for 2020. The market faced some significant challenges last year, but 2020 is shaping up to be one of the toughest in a generation. Forecast numbers, finalized in early March, may now...Read More
Brazil has ordered the immediate closure of 47 mining dams that failed to certify their stability, with more than half of them belonging to Vale (NYSE: VALE), whose C??rrego do Feij??o iron ore mine's tailings suffered a catastrophic failure in January last year, killing at least 270 people.The deadly incident, the second dam collapse in a Vale mine in less than four years, led to serious producti...Read More
"Kids, come quick!" I shouted to my children on Tuesday."They have completely cured the coronavirus! You guys are going back to school tomorrow!"My children ran over to me, eyes wide. That's when I showed them the date on my phone: April Fool's Day.I got them good.In hindsight, it was a bit cruel. But you have to find a way to entertain yourself, even if it means exploiting the fears of those arou...Read More
By: Ira EpsteinGold's 18-dma at $1584 area, support. Bias in gold is up. Bollinger bands: $1717 / $1450Read More
Sorry, Bill. Seems like you have a lot of good ideas, but we don't live in the world from the Jetsons.Read full newsRead More
March 31, 2020 (ACCESSWIRE via COMTEX) --VANCOUVER, BC / ACCESSWIRE / March 31, 2020 / First Mining Gold Corp. (Read full newsRead More
Mark Twain said that history does not repeat itself, but it rhymes. It's certainly true in both life and financial markets. Let's explore how the receRead full newsRead More
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Capital 10X interviews 1933 Industries (CSE: TGIF) CEO Chris Rebentisch to dig deeper into the company's Q2 financial results and see how they are adapting t...Read full newsRead More
U.S. Treasury yields bounced off their lows on Thursday as a surge in oil prices spurred by hopes of coordinated production cuts between Saudi Arabia and Russia helped to lift inflation expectations, a bugaboo for bondholders.Read full newsRead More
On INK Ultra Money, we have a free video from INK and a deep dive Real Vision deep dive on allocating capital in today's market environment. Canadian Insider Ultra Club members have access to premium and free content all the time. Please note that today's INK Video has been published into Ultra Money Free. However, because of high network traffic, it may be a number of hours before it shows up as...Read More
We've lost 46 jobs for every confirmed case of COVID-19 in the US...Read full newsRead More