"Ariana Resources (#AAU) announces quarterly ops update for Kiziltepe.Gross income for the year is $45.1 million from production of 27,985oz of gold, exceeding its full year production guidance by 12%https://t.co/YUxonJouFK"Read full newsRead More
Here is what's new today on INK Ultra Money. Canadian Insider Club Ultra members have access to both premium and free content. If you are asked to sign in, select Canadian Insider as your subscription website.1. Enthusiastic Aquilini - INK ResearchAs esports gains in popularity, Enthusiast Gaming Holdings (EGLX) has thrown its hat into the ring to try and profit from all the excitement. The compa...Read More
Here is what's new today on INK Ultra Money. Canadian Insider Club Ultra members have access to both premium and free content. If you are asked to sign in, select Canadian Insider as your subscription website.1. Enthusiastic Aquilini - INK ResearchAs esports gains in popularity, Enthusiast Gaming Holdings (EGLX) has thrown its hat into the ring to try and profit from all the excitement. The compa...Read More
The aftermath of the disaster in Brumadinho after Vale's tailings dam collapsed. Photo by Vin?-cius Mendon??a/Ibama, Wikimedia Commons. Vale (NYSE: VALE) posted a loss of $1.68 billion in 2019, compared to a net income of $6.860 billion in 2018, the Brazilian miner reported on Thursday. The $8.5 billion decrease was mostly driven by provisions and expenses related to the Brumadinho dam rupture th...Read More
The Rouyn gold project is located about 40km southwest of IAMGOLD's operating Westwood mine and mill. (Image courtesy of Yorbeau Resources) IAMGOLD (TSE: IMG) posted a net loss from continuing operations of C$373.3 million on revenues of $1.1 billion after recording a $395-million impairment charge related to its Westwood mine in Quebec.Westwood experienced increased seismic activity in the fourt...Read More
Canadians are in favour of the Old Age Security (OAS) except for one infamous feature – the 15% clawback. If you’re also hoping to limit the effect of the OAS clawback, you could try two ways to win versus the taxman.Split the pension Couples are beginning to see the advantage of splitting the pension to reduce the clawback amounts. If your spouse has a lower income, you can elect to t...Read More
Building your portfolio with stocks that will do well all the time, as well as holding their own in a recession will be the key to long-term success.While it could be appealing to buy only stocks that are recession proof without knowing when a recession may come, this could be a high-risk decision and lead you to leave a lot of potential gains on the table while you’re busy trying to protect...Read More
A P&H 4100 shovel loads coal into a haul truck at the North Antelope Rochelle mine in Campbell County, Wyoming. Credit: Wikipedia Wyoming andMontana filed a U.S. Supreme Court motion last month against the state ofWashington for blocking access to the last major coal export project on theWest Coast, impeding the states' ability to get their coal to Asian markets.When Wyoming Governor Mark Gordo...Read More
Brazilian flag at Pra??a dos Tr??s Poderes in Bras?-lia. (Wikimedia Commons) Even with Vale (NYSE: VALE) posting this week a loss of $1.68 billion in 2019, Brazil set a record on royalties received from mining companies. Brazil received $1.03 billion in mineral royalties in 2019, according to the Brazilian Mining Agency. The royalties paid by mining companies were 48.3% or $700 million, higher t...Read More
Nemaska Lithium CEO Guy Bourassa. Credit: Nemaska Lithium. Nemaska Lithium CEO Guy Bourassa has stepped down. He would leave the management team and vacate his seat on the board with immediate effect, the Quebec-based lithium developer announced Friday."Given the restructuring the corporation is undergoing and the current market conditions, we mutually agreed that it was in the best interest of t...Read More
Seven straight sessions of gains lifted the gold price to a fresh 7-year high on Friday after renewed fears about the coronavirus sent investors scurrying for safe haven assets, equity markets fell and long-term US interest rates fell to a record low. The gold price touched a new intra-day high of $1,652.10 on the Comex market in New York, up 2% or $32 an ounce from yesterday's settlement and the...Read More
Speaking during the company's December-quarter earnings call Thursday, Goncalves said 2020 would be a transformational year for the 173-year-old company.Goncalves is excited about the AK Steel acquisition, since it will add fully integrated capacity to the company's production portfolio. That company mainly serves the automotive market, providing materials required for electric vehicle produc...Read More
The work is across 11 projects in Australia and Africa.The largest is a A$200 million underground contract for Panoramic Resources' Savannah nickel mine in Western Australia. The three-year contract, which was previously flagged, will begin next month.The remainder of the work was won by Perenti's surface mining group.It includes a three-year contract with Idemitsu Australia at the Boggabri c...Read More
Share this articleVANCOUVER - Teck Resources Ltd. is warning that it will take an impairment charge of about $1.13 billion if the federal government decides not to approve its Frontier oilsands mining project.A decision on the $20.6-billion, 260,000-barrel-per-day project, which is expected to produce about four million tonnes of greenhouse gas emissions per year over 40 years, is expected befor...Read More
Today is Friday, February 21, 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 $1,645.35. It's up 1.57% from yesterday and up 24...Read More
Today is Friday, February 21, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Alliance Resource Partners LP (NASDAQ: ARLP), CNX Resources Corporation (NYSE: CNX), and VAALCO Energy (NYSE: EGY).Alliance Resource Partners LP (NASDAQ: ARLP)Alliance Resource Partners LP (NASDAQ: ARLP) is a $963.29 million company today with a one-year return of -61.09%. Let...Read More
Today we breach into a topic that no one on Wall Street or in the mainstream financial media wants discussed. It's almost taboo to even mention. That's because it's something that's collectively worth billions of dollars to the fat cats on Main Street and in the media.Your understanding of this could mean deeply cutting into the bottom line for some and crippling the ability to operate for others....Read More
Looking to stem losses driven by high-cost operations, New Gold (TSX: NGD; NYSE-AM: NGD) recently tabled revamped life-of-mine plans for its Rainy River and New Afton mines focused on improving the bottom line and boosting profitability.The mine plan update was released along with the company's 2019 results that showed a US$74 million loss for the year or 12 ? per share. Although New Gold hit its...Read More
Coeur Mining (NYSE: CDE), the largest U.S.-based primary silver producer, is temporarily halting operations at its Silvertip silver-zinc-lead mine, located in Canada's northern British Columbia, due mainly to low prices for lead and zinc.The decision caused Coeur to book a US$251 million impairment charge on the underperforming asset, acquired from private investor Denham Capital in 2017 for up to...Read More
IsoEnergy Ltd. (TSXV: ISO; OTCQX: ISENF) has just announced fantastic results from their current drill program, at their high-grade, Hurricane Zone uranium discovery, on the Larocque East property, located in the Eastern Athabasca Basin in Saskatchewan, Canada. Two drill holes intersected massive pitchblende areas measuring >65,000CPS (off-scale on the RS-125), which will translate into very high-...Read More