The outbreak of the coronavirus in China is starting to have an impact on global markets.The disease, which is from the same family as SARS, has now made it to several countries. At the time of writing, there are more than 2,000 known cases worldwide.Most cases remain in China, where the disease was first detected in the Wuhan region, but confirmations have now occurred in at least 10 other countr...Read More
Assistant project geologist standing beside a century-old trench on the 007 vein at Rockcliff's Laguna gold property. Credit: Rockcliff Metals After completing 3,203 metres of drilling in November at Rockcliff Metals' Laguna project in Snow Lake, Man., Kinross Gold has started another 5,000-8,000-metre program for 2020.Highlights of the 2019 drill program include: 1.06 metres of 4.87 g/t gold; 0...Read More
Palladium One Mining's Lantinen Koillismaa (LK) project in northern Finland. Credit: Palladium One Mining The most recent exploration release from Palladium One reports anomalous nickel, copper and cobalt in soil samples from the Smoke Lake anomaly at its 103-sq.-km Tyko property.Assays include 238 parts per million (ppm) nickel, 108 ppm copper and 10 ppm cobalt in one sample as well as 46 ppm ni...Read More
Safe spaces. Image: Generation Grundeinkommen The gold price jumped to fresh near 7-year highs on Monday as worries about the spread of the coronavirus spurred investors to seek safe haven assets and global stock markets plummeted.February gold futures, the most active contract with nearly 40m ounces traded on the day, was set to close above $1,580 an ounce on the Comex market in New York. It wou...Read More
Saskatchewan, home to two of the most desirable minerals in the world - potash and uranium. (Image by Melanie Jwagar, Pixabay) In his annual address to the Greater Vancouver Board of Trade last week, Pierre Gratton, President and CEO of the Mining Association of Canada, spoke of the state of Canada's mining industry and how the recent commitments to mining, particularly the new Canada-US Joint Ac...Read More
An aerial view of the Mineral Ridge gold mine, 56 km southwest of Tonopah, Nevada. Credit: Scorpio Gold Scorpio Gold has announced that it has signed a toll milling agreement with Lode-Star Mining for the processing of ore at its 363 tonne-per-day Goldwedge mill.Lode-Star will advance the funds required to add a flotation circuit to the mill which is currently configured with a gravity circuit....Read More
Haywood Securities analyst says Capstone Mining is an undervalued junior base-metals mining stock.Capstone's main focus is copper, but the company also produces zinc, lead, molybdenum, silver, and gold.Vancouver-headquartered base-metals mining stock Capstone Mining Corp.'s (TSX-CS) results missed third-quarter 2019 analysts' estimates.However, encouraged by cost reductions as well as the progress...Read More
Vale said the dam was safe and secure but had been on Level 1 watch due to its proximity to the Sul Superior dam, which remained at Level 3, the most critical level that indicates a dam burst isRead More
CoE Pensions Board director of ethics and engagement Adam Matthews implied though the mining industry had work to do, the investor response had also lagged, describing the need for a catastrophe onRead More
Today is Monday, January 27, 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 $1,580.25. It's up 0.53% from yesterday and up 21....Read More
Today is Monday, January 27, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Arch Coal (NYSE: ARCH), DMC Global (NASDAQ: BOOM), and Dorchester Minerals LP (NASDAQ: DMLP).Arch Coal (NYSE: ARCH)Arch Coal (NYSE: ARCH) is a $829.56 million company today with a one-year return of -33.1%. Let's look at its price-to-earnings (P/E) ratio, its enterprise-value-t...Read More
They say coal is dead.And, to some degree, they're right.The use of coal for energy generation here in the United States, for example, has ostensibly peaked.According to the U.S. Energy Information Administration (EIA), coal consumption in America hit a 40-year low in 2019.The EIA says coal's share of U.S. electricity generation fell by 24% last year over 2018. And for 2020 and 2021, the EIA expec...Read More
Palladium One Mining (TSXV: PDM; US-OTC: NKORF) has reported anomalous nickel, copper and cobalt in soil samples from the Smoke Lake anomaly at its 103-sq.-km Tyko property near Marathon, Ontario.Assays include 238 parts per million (ppm) nickel, 108 ppm copper and 10 ppm cobalt in one sample as well as 46 ppm nickel, 54 ppm copper and 13 ppm cobalt in a second sample.."These soil values represent...Read More
The S&P/TSX Venture Composite Index fell 0.47% to 581.76 and spot gold finished at US$1,571.60 per oz., up US$14.90 per ounce.Abitibi Royalties posted the largest value gain, jumping $1.45 to $19.55 per share. The company's board of directors approved a 25% dividend increase from 12 ? to 15 ? per common share on an annualized basis starting in April. The frequency of the payments will change from...Read More
The Dow Jones Industrial Average rose 1.22% to 28,989.73 and the S&P 500 Index fell 1.03% to 3,295.47. Spot gold climbed US$14.90 per oz. to finish at US$1,571.60 per ounce.Shares of Barrick Gold jumped US76 ? to US$18.71 on news the company had signed a deal with the government of Tanzania that grants the nation stakes in the three gold mines the company operates there. The arrangement comes thre...Read More
The S&P/TSX Composite Index rose 0.04% to 17,565.30 during the trading week. The S&P/TSX Global Mining Index fell 0.92% to 81.52 and the S&P/TSX Global Base Metals Index lost 6.19% to 102.23. Spot gold climbed US$14.90 per oz., or 0.96%, to finish at US$1,571.60 per oz., and the S&P/TSX Global Gold Index (USD) rose 2.84% to 233.33.Shares of Endeavour Mining jumped $1.62 to $26.71 per share. The co...Read More
ANLA issued an administrative document indicating AngloGold Ashanti had complied with all the established requirement and provided the environmental authority with all the information and documentsRead More
Piedmont Lithium Limited (Nasdaq: PLL; ASX: PLL) holds a 100% interest in the Piedmont Lithium Project, located approximately 30 miles west of Charlotte, North Carolina, within the world-class Carolina Tin-Spodumene Belt and along trend to the Hallman Beam and Kings Mountain mines, historically providing most of the western world's lithium between the 1950s and the 1980s. We learned from Keith Phi...Read More
Volatility is back and like I told subscribers late last year, buckle up and expect it to become a permanent part of the investing and speculating landscape moving forward.The driver right now is coronavirus.From a health and human perspective there are now nearly 3,000 confirmed cases in China with a death toll that is now over 80. That number is expected to grow.Here in the U.S. there are now fi...Read More
Demand for safe-haven investments such as gold may have gone down, but potential headwinds could help the yellow metal gain traction again.Read full newsRead More