Share this articleVANCOUVER - Shares in Teck Resources Ltd. are trading down four per cent after the company said it had withdrawn its application for a massive oilsands mining project citing uncertainty over climate policies.The Vancouver-based company said it will take a $1.13-billion writedown on the Frontier project in Alberta, which was expected to create thousands of jobs but was also pr...Read More
This is a continuation of an article we published on Friday. To read the first part, click here. But here is a very brief summary:Both optimistic and pessimistic hype is rampant in investment markets and mainstream media. And if you're not careful, buying into this hype can cost you dearly.Last week, we defined market hype as the intentional and aggressive promotion of a stock or sector with exagg...Read More
Rising gold prices and better operational and financial discipline are motivating companies more than ever to seek new ounces to fill their production pipelines. Below is a look at eight companies exploring worldwide. Aurania ResourcesStones from a road found in the Lost Cities-Cutucu Project in southeastern Ecuador. Credit: Aurania Resources/Twitter.Aurania Resources (TSXV: ARU) is exploring its...Read More
Teck Resources (TSX: TECK.B; NYSE:TCK) has officially withdrawn its application to build the C$20.6-billion (US$15.7 billion) Frontier oil sands mine, just days before the Canadian government was slated to make a decision on the 260,000-barrel-per-day project in northern Alberta.Canada's largest diversified miner will take a C$1.13-billion (US$852.12 million) write-down on the project, which it sa...Read More
Every major media and financial outlet blamed today's market sell-off on spreading coronavirus fears. Too bad it's bullshit.Let's take a look at some of today's headlines:"Dow Industrials Close 1000 Points Lower as Coronavirus Cases Mount" - Wall Street Journal"U.S. Stocks Plunge as Coronavirus Crisis Spreads" - The New York Times"Coronavirus Is Cratering the Stock Market. Why It Can Still Get Wor...Read More
Azuay prefect and anti-mining protestor Yaku Perez submitted the request as he believes mining projects pose a threat to water sources and the environment.Read More
More than 80,000 cases - and over 2,600 deaths - of COVID-19 (coronavirus) have been confirmed and worries about the virus becoming a global pandemic have governments around the world scrambling to come up with solutions to mitigate the economic impact of the virus.While it appears that efforts in China are starting to bear fruit, new outbreaks in over 30 countries including Italy, the Middle East...Read More
Triumph Gold's Freegold Mountain project is located in the Dawson Range and covers a highly prospective section of the Big ...Read More
Kirkland bumped 2020 spending to $500 million compared with $245 million previously and said production at Detour in Ontario would drop to 530,000 ounces from 601,000 ounces last year. However, the company pointed toward weaker production at the newly acquired Detour mine this year and cut the reserve grade at its flagship Fosterville underground mine in...Read full newsRead More
"We are delighted to welcome @AusVanadium to the stage on 23rd Marchin front of over 250 investors. #AustralianVanadiumis an emerging vanadium producer developing the high-grade Australian Vanadium Project in Western Australia. See them in action: https://t.co/9KSR6e1UiX"Read full newsRead More
By: Ira EpsteinIt all came in to roost today (Friday). Traders are spooked, who are buying gold. Trading at the upper Bollinger band on the monthly gold chart. The highest close in years..Read More
By Gary SavageGold strategies being used again from the past, they do not work. It will fail miserably and cost traders a lot of money..Video Published February 20, 2020http://blog.smartmoneytrackerpremium.com/Read More
Clive MaundIf you are wondering why gold is starting to accelerate away to the upside, you need look no farther than the following amazing chart forwarded to me by reader Larry Fike, which Larry has kindly given me permission to reproduce in this update...Click on chart to popup a larger, clearer version.Chart courtesy of Larry FikeThe chart speaks for itself and requires little additional comme...Read More
While the Wuhan coronavirus captured investor attention on Friday, a Fed official was laying out her prescription of what the central bank should do if things unravel. If Lael Brainard has her way, the Fed will be staking new ground in its efforts to lift inflation. It could have a major impact on Canadian stocks. We explain why in this week's Insights. In addition, gold investors should enjoy ou...Read More
Seven straight sessions of gains lifted the gold price to a fresh seven-year high, after renewed fears of the coronavirus sent investors scurrying to safe-haven assets.The gold price touched a new intra-day high of US$1,652.10 on the Comex market in New York, up 2%, or US$32 per oz., from yesterday's settlement, and the highest level since mid-February 2013.By midday, trade already hit the highest...Read More
Dividend stocks that are worthy of buying and holding forever should have the following characteristics: an underlying business that has top-notch quality, a long-term stock price chart that’s in an uptrend, ideally with below-average volatility, and safe and growing dividends.I’ll discuss three top buy-and-hold-forever dividend stocks that yield 3.9-4.7%.What’s a top-notch quali...Read More
Ecuador's National Assembly. (Image courtesy of the Assembly's press team, Twitter). The Economic and Tax Commission of Ecuador's National Assembly approved a report that allows for a second debate on the bill that updates articles 29 and 40 of the country's Mining Law. The goal of the reform is to promote transparency when it comes to public competition processes to adjudicate mining concessions...Read More
Up 10% in the last five days as gold explodes by 25% to smash a seven-year record, Newmont (TSX:NGT)(NYSE:NEM) is one hot stock. Breaking out since the headline-generating merger last year that propelled Newmont into the spotlight, this stock has generated a massive 48% share price appreciation in the last 12 months. And with 2020 looking like gold’s year, this trend may well continue.Newmon...Read More
Image of stibnite from which most antimony, a native element, is extracted. (Image by pepperedjane, Wikimedia Commons). Despite the price of antimony going up in late January and reaching approximately $5,600/tonne, market analyst Roskill says it is still not expected to quickly recover back to the 201?EUROE7/20?EUROE18 levels. Back then, the grey metalloid reached over $8,000/tonne.In a recent r...Read More
Reference image of a Toyota hydrogen fuel cell. (Image by Joseph Brent, Flickr). A research team from the Tokyo Institute of Technology created the first visible-light photoanode made of titanium dioxide or TiO2 enhanced with cobalt. The anode is a key element needed to achieve affordable water splitting to produce hydrogen, a clean alternative to fossil fuel.In a paper published in the journal A...Read More