The world was badly in need of laughter, and China just delivered.Read full newsRead More
'We have been receiving reports of people taking advantage of the current situation'Read full newsRead More
The coronavirus outbreak has not spared anyone. It’s not just growth stocks; defensive stocks such as utilities and consumer staples have also been equally weak in the last few months. However, in my view, the last reliable resort to take shelter in these uncertain times is the traditional safe haven: gold.The TSX Composite has fallen more than 25% so far this year, while gold has rallied mo...Read More
Havieron project. (Image: Greatland Gold.) Australia's largest gold producer, Newcrest Mining (ASX: NCM) confirmed Wednesday that it has now reached its Stage 2 farm-in milestone at the Havieron project. Newcrest has earned a 40% interest in the project and gave notice to Greatland Gold that it is proceeding to Stage 3. The Havieron Project is operated byNewcrest under a farm-in agreement with G...Read More
Image: Rio Tinto Oyu Tolgoi. Copper bounced on Tuesday after a rebound in Chinese manufacturing activity, but analysts cautioned that the market is far from returning to normal levels.Copper trading in New York rose by more than 4% to $2.248 a pound ($4,955 a tonne) on course to contain its first-quarter losses to below 20%. Two weeks ago the bellwether metal briefly traded below $2.00, levels la...Read More
Image from Transmountain. Neither the Trudeau government nor the BC public health officer appear inclined to shut down pipeline construction in Canada.Construction on the $12.6 billion Trans Mountain pipeline continues, and Alberta Premier Jason Kenney announced Monday that construction will start on the Canadian portion of the Keystone XL pipeline as well in April.The Kenney government announced...Read More
Aerial view of the Springpole project camp in winter. Image courtesy of First Mining. First Mining Gold has released an update on the progress of a prefeasibility study (PFS) and permitting at its 419-sq.-km Springpole gold project in northwestern Ontario. The company now expects results of the PFS to be released early next year. The document was previously expected to be complete this year. Ear...Read More
MinVu Shift Manager, RPMGlobal's intra-shift software solution, has received a major overhaul with the launch of the MinVu Shift Manager app.MinVu Shift Manager is a short-term planning and execution solution. The tool is a unique, industry-built software solution that enables users to collaborate and communicate through a single, integrated plan to drive more effective on-shift decision support...Read More
"In light of the rapid spread of COVID-19 and its significant impact on global financial markets, Tranche 2 of AFC's equity funding (Tranche 2) will be deferred to allow for the stabilisation of market and global conditions," said Danakali.Danakali has already received an initial US$21.5 million tranche from AFC, which it said leaves the company "well-funded to complete current planned activities...Read More
The company has told the New York Stock Exchange that it is monitoring the situation closely and supply chain teams have been executing business continuity plans.Those plans include being alert to potential short supply situations, and, if necessary, using alternative sources and/or air freight; redirecting orders to other distribution centres, and prioritising the redistribution of the most impac...Read More
Today is Tuesday, March 31, 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 $1,592.75. It's down -1.88% from yesterday and up 2...Read More
Today is Tuesday, March 31, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Falcon Minerals Corporation (NASDAQ: FLMN), Brigham Minerals (NYSE: MNRL), and Diamond S Shipping (NYSE: DSSI).Falcon Minerals Corporation (NASDAQ: FLMN)Falcon Minerals Corporation (NASDAQ: FLMN) is a $182.24 million company today with a one-year return of -76.47%. Let's look at...Read More
J.P. Morgan about to bash a photographer with his caneLegend has it that in the Panic of 1907, with the world crashing about him, J.P. Morgan strode into NYSE, stood on a table, and with an hour to go until close, bellowed, "Buy!" thus saving his bank, all banks, Wall Street, and the U.S. harvest. This event, in turn, led to the creation of the Federal Reserve in 1913.This pithy anecdote is only r...Read More
First Cobalt (TSXV: FCC; US-OTC: FTSSF) has produced a battery-grade cobalt sulphate for the second time in a row but using a different feed source, the company says.The second set of tests yielded battery grade cobalt sulphate assaying 21.4% cobalt derived from a cobalt alloy feed, and was produced at the company's hydrometallurgical refinery in Ontario, 600 km from Canada's border with the U.S.,...Read More
Glencore (LON: GLEN) is postponing a decision on whether to proceed with a cash dividend of 20 ? per share totalling US$2.6 billion in 2020 due to the COVID-19 pandemic."When the board is in a better position to consider COVID-19's updated impacts, the economic outlook, and the company's prospects, expected alongside release of the group's interim results in Q3 2020, it will then decide what level...Read More
This episode features a keynote speech by Pretium Resources president and CEO Joe Ovsenek at the Prospectors and Developers Association of Canada (PDAC) conference in Toronto. Ovsenek discusses the history of the Brucejack mine from concept to production over more than 20 years. He also warns miners to beware of royalty deals at the early stage of mine development, and mentions how the company hop...Read More
Raymond James has updated its metal price forecasts for the year due to the COVID-19 pandemic.Its new full-year forecast for gold in 2020 is US$1,594 per oz., down from its previous forecast of US$1,638 per oz., while its silver price forecast stands at US$16.19 per oz., down from US$19.20 per oz.The brokerage is maintaining its 2021/2022 gold price forecast at US$1,600 per oz. and forecasts silve...Read More
Luminex Resources (TSXV: LR) has unveiled a maiden resource for its Camp deposit, part of its Condor project in southeastern Ecuador, of 11.9 million inferred tonnes grading 2.95 grams gold equivalent per tonne for 1.1 million gold-equivalent ounces.Camp contains the highest grade gold mineralization of five deposits Luminex has outlined at Condor. At a 1.5 grams gold-equivalent per tonne cutoff g...Read More
I don't have to tell you gold is the ideal safe harbor right now.We've been talking about it for a long time now. Now everyone else is.This chart says it all. If last week's stock market rally felt like a chance to take a breather and relax a bit, look at where gold went after the initial freak-out and mass selling.I don't have to tell you that the stock market was primed for this fall regardless...Read More
"$TTNP - Titan Pharmaceuticals, Inc. (TTNP) CEO Sunil Bhonsle on Q4 2019 Results - Earnings Call Transcript. https://t.co/0xcUk41RQq #markets #trading #stockmarket"Read full newsRead More