Caldas Gold (TSXV: CGC) has announced a US$110 million streaming transaction with Wheaton Precious Metals (TSX: WPM; NYSE: WPM) to expand operations at the Marmato project in Colombia.The proceeds will be used to fund the expansion of Caldas' mining operations in the Deeps Zone, located in the Department of Caldas, the company said.Under the agreement, Wheaton will purchase 6.5% of the gold produc...Read More
Hudbay Minerals (TSX: HBM; NYSE: HBM) has filed its initial brief with the U.S. Court of Appeals regarding the decision made by the U.S. District Court for the District of Arizona almost a year ago that halted the construction of its Rosemont copper project.In July 2019, the District Court revoked the U.S. Forest Service's issuance of the final record of decision for Rosemont, which is expected to...Read More
Gold prices continued to rally on June 22, heading toward the highest since February 2012, after massive inflows into gold-backed exchange-traded funds (ETFs) in the United States.Gold for delivery in August, the most active contract on the Comex market in New York, touched a high of US$1,779 per oz., the highest since February 2012.The World Gold Council reported that June 19 saw a massive 27.3 t...Read More
Canadian junior Silver Dollar Resources (CNSX: SIL) plans to earn 80% of First Majestic Silver's (TSX: FR; NYSE: AG) La Joya silver-copper-gold project, 75 km southeast of the city of Durango in Mexico.A preliminary economic assessment (PEA) in 2013 of the first phase of the project outlines an open pit mine with an initial nine-year mine life and a conventional mill and flotation-leaching plant t...Read More
TSX stocks at large have soared more than 40% in the last three months. Many Canadian bigwigs have become notably expensive after the recent rally. However, many small-cap TSX stocks still seem to be trading below their fair values. So, if you have some cash right now, consider putting it in these high-growth stocks.Major Drilling GroupMajor Drilling Group (TSX:MDI) is a $280 million company that...Read More
What team are you on?That's what we've degraded to at this point, isn't it?You're right. They're wrong. There's no in-between.No compromise.But, that's not entirely accurate.Nobody on Capitol Hill will admit it, but there's one issue that BOTH sides of the political spectrum can agree on.It's the one thing that has brought those bitter political rivals together. And if they don't pony up trillions...Read More
Way back in 1994, my brother asked for, and got one, of the lamest birthday presents I have ever seen.He was a freshman in high school, and he had two fancy new Microsoft share certificates (remember them?)I'm not entirely sure I even knew what stocks really were at the time.What I did know was that I missed out when he would open up the newspaper stock listings (remember them?) and proudly announ...Read More
Strengths? The best performing precious metal for the week was silver, up 0.83 percent as hedge funds boost their net long position to a 14-week high. Swiss exports of gold to the U.S. hit another high in May to 126.6 tons. ETFs added 27,739 troy ounces of gold to their holdings on Thursday, marking the sixth straight day of inflows. Bloomberg notes that total gold held by ETFs r...Read More
Although the rally on Wall Street flouts common sense and arguably even sanity, born-again bulls continue to rampage. What will put an end to their foolishness? Surely not more grim economic data, nor an increase in what is already the highest unemployment rate since the Great Depression, nor a wave of business failures that could eventually asphyxiate the consumer economy. None of these problem...Read More
By: Ira EpsteinGold weekly chart shows support at 18-DMA just below $1,700. The market is at an upside bias, right below record highs:Read More
Hilong Holding, a provider of oil-field services and equipment, said it wouldn't be able to repay holders of a maturing dollar bond-the latest offshore default by a Chinese borrower.Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
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
Investors are back to square one when it comes to looking for yield as the Federal Reserve, in some cases with the backing of the Treasury, works to keep Treasury and corporate bond yields low. There are some big consequences of the easy money policy for many asset classes including stocks, foreign exchange, and cryptocurrencies.Will the hunt for yield lead to Bitcoin and Ethereum?One impact whic...Read More
BEIRUT, LEBANON (6:15 P.M.) - The Tripoli-based Government of National Accord (GNA) announced its rejection of Egyptian President Abdel Fattah El-Sisi'sRead full newsRead More
TORONTO, June 18, 2020 /CNW/ - Orion Mine Finance announced today an update in respect of its beneficial ownership of common shares of Lundin Gold...Read full newsRead More
Vale said on Friday its subsidiary Vale Canada (VCL) and Sumitomo Metal Mining had signed definitive agreements to sell 14.9% and 5.1% respectively in PT Vale Indonesia to Inalum.Read More
It’s entirely possible that we might be entering a period of hyperinflation. This is a time of unprecedented money printing by practically every central bank of the planet. Although this printing has been done with the expressed purpose of staving off a severe recession, the fact remains that more debt has been issued and more money created than at any other time in history.Central banks are...Read More
Barrick Gold (TSX:ABX) stock has been leading the gold miners’ rally for the last few months. However, the stock has recently fallen almost 20% from its April highs. So, what should investors do amid the recent fall while the outlook for the yellow metal remains rosy?Barrick Gold: What should investors do?Barrick Gold has managed to double its net income in the last 12 months. And it’s...Read More
Sandvik DR410i drill Credit: Sandvik Sandvik Mining and Rock Technology has introduced the Sandvik DR410i rotary blasthole drill, which features high productivity with a compact footprint.The DR410i can complete 152 mm to 251 mm rotary and DTH (down-the-hole) holes, with a standard mast and offers a first pass capability of 10 metres with a maximum hole depth of 46.6 metres. The extended mast op...Read More