Gold prices just soared through the $1,600-per-ounce level even with some strong manufacturing data being dropped on the markets this morning.All this comes on the heels of a great 2019 as well, at least the end of it.The beginning of 2019 saw gold at $1,281 per ounce. By the end of the year it was up to $1,509 per ounce - a 17.8% gain.Just a month later at the end of January 2020, it was up to $1...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index turned on the jets in impressive fashion and cut through the 1200 resistance level like butter. The Index finished the week up 19.71 points or 1.65% to close at 1212.32.MACD rose 3.54 points to 2.79. RSI rocketed up 12 points or 22% to 65.25.Suppo...Read More
Newrange Gold Corp. (TSXV:NRG, OTC:NRGOF, Frankfurt: 6C) recently completed and interpreted Induced Polarization and Resistivity (IP) survey at the Company's Pamlico Project in Nevada successfully generated several targets worthy of drill testing.Read full newsRead More
Gold prices on Monday held near a two-week high scaled in the previous session a...Read full newsRead More
Gold prices on Monday held near a two-week high scaled in the previous session a...Read full newsRead More
The winners of the Young Mining Professionals (YMP) awards this year are Ashley Kirwan of Orix Geoscience and David Cataford of Champion Iron (TSX: CIA).The YMP awards, presented in association with The Northern Miner, recognize two mining professionals under the age of forty who have demonstrated exceptional leadership skills and innovative thinking and provided value to their companies and share...Read More
North American markets are closed for public holidays today.Base metals all finished the week lower on the London Metal Exchange."The entire complex finishes in the red in part due a build-up in exchange inventories in Shanghai," Marex Spectron's Dee Perera said.She said copper inventories in the Shanghai Futures Exchange warehouses jumped 27%, to levels not seen since March 2019.Gold is on the ri...Read More
As far as this analyst is concerned, there are two major problems with mining stocks.The first is the dependence on a commodity that nobody can predict, never mind control. There are a million things that can impact the price of gold, copper, or iron ore. General economic demand can sink a commodity, but so can a big, new mine putting the supply-and-demand curves all out of whack. None of this is...Read More
Barrick Gold (TSX:ABX)(NYSE:GOLD) has enjoyed a nice rally since the middle of last year and investors are wondering if the bounce is the beginning of an extended recovery.Let’s take a look at the current situation in the gold market and try to decide whether this might a good time to add Barrick Gold to your portfolio.Global uncertaintyGold is widely viewed as a safe haven asset and cash of...Read More
Blockchain image from Pixabay. Glasgow-based start-up Hypervine, announced Monday the start of a project, co-funded by the European Space Agency (ESA), to develop services using space-based data to improve efficiencies for extractive industries.Hypervine, through its blockchain ledger, enablessatellite-sourced information to guarantee accuracy, so quarry companies gainbetter oversight of their...Read More
BHP's Escondida mine is the world's largest copper producer located in Northern Chile. (Image courtesy of BHP) BHP (NYSE, ASX, LON: BHP) the world's biggest miner, released results for the second half of 2019 on Monday, announcing an interim dividend for shareholders of 65 cents per share - its second-highest on record. The declared dividend is 10 cents higher than last year, but lower than th...Read More
Mine trucks at Newmont's Porcupine mines. (Image courtesy of Newmont Goldcorp | Flickr) Colorado-based gold miner Newmont (NYSE: NEM, TSX: NGT) has reported gold mineral reserves of 100.2 million attributable ounces for 2019, the largest ever in company history. This represents a 53% increase over the 65.4 million ounces recorded in 2018 following the completion of two major transactions and thr...Read More
While that is just 2% higher than the first half of 2019, the company said its underlying earnings were up 12% to A$28 million, while its available cash was up 24% to $25.5 million.Read More
Ahead of the president's state of the nation address (SONA) last week, the Minerals Council South Africa had renewed calls for action to address the economic crisis, power issues and "unprecedented deterioration" in the mining sector's security situation.Following SONA, it welcomed the president's plans to "change the trajectory of energy generation" and said there were two further announcements w...Read More
With the continuing shift to renewable energy sources and lower carbon emissions, global demand for copper is rising. Some analysts predict that demand could increase by as much as 43% over the next 15 years.But there are concerns about the sector, with sizeable deficits forecast as existing mines face reduced capacity and slowing production. For instance, producers in Chile and Peru - the two mai...Read More
When the price of uranium approached US$60 per pound, investors viewed Cameco (TSX:CCO)(NYSE:CCJ) as full of potential. Strong demand for nuclear energy created a quick, cheap, and arguably safe means to meet the growing power needs of countries.Then in 2011, the Fukushima disaster happened, and demand for nuclear power and, by extension, the uranium that Cameco mines, all but disappeared ove...Read More
"This is the coiled spring in mining," it said, indicating it believes the copper price will move significantly higher as a result.Read More
The Trump administration has just announced a 10-year, $150-million-per-year ($1.5 billion) request to purchase U.S.-mined uranium for a strategic national uranium reserve. The request is just the beginning of what will be a long process to diversify away from foreign and sometimes hostile sources of uranium.I had the opportunity to speak with one of the most respected voices in the uranium space,...Read More
TORONTO, Feb. 14, 2020 (Canada NewsWire via COMTEX) -- Mistango River Resources Inc. (mis:CSE)(mis:Read full newsRead More
Spotlight-shy Daniel and Marinette Sedin, and Henrik and Johanna Sedin, have been behind so many worthy but unpublicized causesRead full newsRead More