After 15 years, we are discontinuing our free basic registered account service. While many pre-login features of the website will still be available to the public, over the next two weeks, we will be closing all basic Canadian Insider accounts. If you would like to keep access to your account (including blog alerts), please join us now as a Canadian Insider Club or Canadian Insider Club Ultra mem...Read More
Gold on the weekly price chart looks like this: The price remains in an uptrend despite this week's sell-off - at least, on the weekly time frame.Read full newsRead More
The stock markets around the world regained most of their lost ground amid the virus-led selloff. The strong liquidity, thanks to the massive government stimulus packages and investors’ optimism over the reopening of the economy, led to one of the fastest recoveries in the stock market’s history.However, the quick recovery amid rising COVID-19 infections is leading many to believe that...Read More
Share this articleCleveland-Cliffs is making its second billion-dollar acquisition in less than a year with the purchase of steel maker ArcelorMittal's U.S. business for about $1.4 billion in cash and stock.About a third of the deal will be an up front cash payment of about $505 million, the companies said Monday. ArcelorMittal, based in Luxembourg, will also receive stock in Cleveland-Cliffs valu...Read More
Great Bear Resources (TSXV: GBR; US-OTC: GTBAF) has reported assays that returned broad intervals of near-surface gold mineralization from ten drill holes along the LP fault at the company's wholly owned Dixie gold project, in Ontario's Red Lake district.The company continues to hit gold on 50-75-metre sections along a 5-km strike of the 18-km LP fault zone at Dixie.Drill highlights include 40 met...Read More
Lion One Metals (TSXV: LIO; US-OTC: LOMLF) has released an updated preliminary economic assessment (PEA) for its wholly owned Tuvatu alkaline gold project in Fiji, which suggests a high-grade, 1,000-tonne-per-day underground operation.The proposed five-year mine would generate an average of 77,969 oz. gold annually, at all-in sustaining costs (AISCs) of US$713 per ounce. With an initial capital co...Read More
Australian junior Piedmont Lithium (ASX: PLL) has confirmed it has signed a sales agreement with Tesla to supply the electric car maker with high-purity lithium ore for up to ten years.Piedmont accidentally released the announcement last week, following the hyped Tesla Battery Day, but the Australian Stock Exchange said it would not publish it then.The initial five-year agreement will see Piedmont...Read More
Cleveland-Cliffs (NYSE: CLF) is buying "substantially all" of Luxembourg-based ArcelorMittal's (NYSE: MT) operations in the United States in a US$1.4 billion deal that will make it North America's largest flat-rolled steel producer.Under the transaction, Cleveland-Cliffs will pay about US$505 million in cash and US$873 million in common and non-voting preferred shares.The boards of both companies...Read More
Lundin Mining (TSX: LUN) has withdrawn its 2020 production, cash cost and capital expenditure guidance for its Chapada copper and gold mine in northern Brazil after a power outage caused damage to all four of the operation's SAG and ball mill motors.The company said that the operation, 270 km northwest of the capital Brasilia, suffered a power outage on the morning of Sept. 27. When power was res...Read More
Central Asia Metals (LSE: CAML) has been fined ?,?65,000 (US$75,757) for a tailings breach at its Sasa zinc-lead mine in North Macedonia on Sept. 14 that leaked an estimated 8,000 cubic metres into the Kamenica River.The company estimates that 3,000 cubic metres of the spill into the 14-km-long river consists of the dam wall, with the fines and water making up the remaining 5,000 cubic metres. The...Read More
Warren Buffett is widely known as the world’s greatest investor. He’s earned the respect of many by earning incredible long-term returns consistently over many decades.In addition, he employs a relatively simple strategy that’s generally easy to replicate. At the root of it, all you have to do is find undervalued stocks and buy and hold for the long term.Although many investors r...Read More
I've spent the past few years explaining that the next big wave of capital flows would be away from public assets like government bonds and into private assets like real estate in low-tax states, dividend-paying blue-chip stocks, gold, and the related equities.The combination of a near-record-high stock market that throws a tantrum every time the Fed or politicians delay more stimulus, negative re...Read More
Meet Leon and Peter Gianni - the modern dayRead full newsRead More
Tesla used its Battery Day event to announce it intends to use more US-sourced nickel in its cathode battery production and less cobalt.Read full newsRead More
Meet Leon and Peter Gianni - the modern dayRead full newsRead More
Magawa the African giant pouched rat has won a PDSA Gold Medal for his work detecting landmines.Read full newsRead More
First Majestic Silver (TSX:FR; NYSE: AG) says it is getting ready to appeal a Mexican court decision this week that revoked a key agreement determining how the silver producer was taxed in the country.The federal court's ruling, yet to be formally delivered to the Canadian miner's subsidiary, Primero Empresa Minera, cancels an Advanced Pricing Agreement (APA) governing the tax on silver sales betw...Read More
Covid-19 has affected the mining industry in unprecedented ways, ranging from forced mine shutdowns in some cases to profound fluctuations in supply and demand for various commodities. As the economy begins to reopen, preserving cash flow remains pertinent to the long-term health of mining companies, especially junior mining companies. Third-party litigation funding - that is, the financing of lit...Read More
For a moment, picture 2020 as any other year. Imagine there was no pandemic. Now go and take a look at the S&P/TSX Composite Index. In the absence of a public health disaster, the performance of some of Canada’s best blue-chip stocks would look disastrous. The harsh reality is that this situation could last longer than anticipated, with the prospect of a fully reopened economy receding a...Read More
When the markets go south, one place investors often turn to for safety is gold. The price of gold has been soaring over the past year, rising around 30%, and it hit a high of more than US$2,000/oz in August. However, thus far, the markets have been going in the same direction as gold. Since March 11, when the World Health Organization declared COVID-19 a global pandemic, the Dow Jones is up aroun...Read More