August 24, 2020 - Brixton Metals Corporation (the “Company“) (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce that it has entered into a purchase agreement to acquire a 100% interest in the Metla mineral claim group of 6,413 hectares from Stuhini Exploration Ltd., TSXV:STU ("Stuhini") for consideration of 1,200,000 common shares of Brixton and CAD $42,000 in cash (subject to the accep...Read More
The U.S. Army Corps of Engineers (USACE) has ordered Northern Dynasty Minerals (TSX: NDM) to craft a plan that would mitigate environmental impacts of its proposed Pebble copper-gold-molybdenum mine in Alaska.In a letter dated August 20 to the project's developer, Pebble Limited Partnership, USACE said that "mitigation is required for unavoidable adverse impacts to aquatic resources" the project c...Read More
Nomad Royalty (TSX: NSR; US:OTC: NSRXF) has entered into a definitive arrangement agreement to acquire Coral Gold (TSXV: CLH; US-OTC: CLHRF) in a cash and share deal valued at US$45.8 million as the company looks to grow its royalty portfolio.Through this transaction, Nomad is adding an uncapped, sliding scale (ranging from 1% to 2.25%) net smelter return royalty (NSR) on Nevada Gold Mines' Robert...Read More
Rio Tinto's (NYSE: RIO; LSE: RIO) top bosses will pay millions of dollars for the destruction of two ancient caves in Australia as the group has decided to cut short-term bonuses of some senior executives following an internal review.Chief executive Jean-S?(C)bastien Jacques will lose almost US$5 million ( ?3.7 million) in bonuses and the head of the iron ore business, Chris Salisbury, will see hi...Read More
Midland Exploration (TSXV: MD) says it has struck a new funding deal with a subsidiary of BHP (NYSE: BHP; LSE: BHP) for nickel exploration activities in northern Quebec.BHP's unit, Rio Algom Ltd., will fund 100% of Midland's exploration for the battery metal within the Nunavik territory up to $1.4 million (US$1.06 million), on an annual basis, for a minimum of two years.The objective, the junior s...Read More
The S&P/TSX Composite Index rose 0.02% to 16,517.85 during the Aug. 17-21 trading week. The S&P/TSX Global Mining Index fell 0.18% to 99.07, and the S&P/TSX Global Base Metals Index dropped 0.41% to 102.77. Spot gold fell US$2.40 per oz., or 0.12%, to US$1,942.40 per oz., while the S&P/TSX Global Gold Index increased by 1.88% to 376.18.Canarc Resources' shares jumped 18.18% to 13 ?. The company an...Read More
In a August 20 presentation focused on attracting foreign direct investment (FDI), the minister spoke of the positive fiscal impact mining has had (coal) and will have (gold) in the country withoutRead More
The Dow Jones Industrial Average fell 0.003% to finish the week at 27,930.33 and the S&P 500 rose 0.72% to 3,397.16. Spot gold climbed US$2.40 per oz., or 0.12%, to US$1,942.40 per ounce.Kirkland Lake Gold advanced 5.97% to US$70.08 per share. The company announced a strategic alliance agreement between the company and its wholly-owned indirectly held subsidiary St. Andrew Goldfields and Newmont C...Read More
The S&P/TSX Venture Composite Index fell by 1% to finish the August 17-21 trading week at 730.31, with spot gold finishing the week at US$1,942.40 per oz., a rise of US$2.40 per oz. from the previous week.Shares of Amex Exploration climbed 7.03% to $3.50 per share. The company announced a $9.36 million bought deal financing with a syndicate of underwriters led by PI Financial. The syndicate...Read More
Nothing matters until it does.Consider this: 95% of S&P 500 companies have reported earnings. GAAP earnings are down 50% over the last year with S&P 500 sales down 11%.Despite that, the S&P 500 continues to hit all-time highs which begs the question, what if that 95% start having better quarters?Does the S&P soar higher? What if the five stocks that have driven the rally pull back. Is that even po...Read More
August 24, 2020 - Brixton Metals Corporation (the “Company“) (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce that it has entered into a purchase agreement to acquire a 100% interest in the Metla mineral claim group of 6,413 hectares from Stuhini Exploration Ltd., TSXV:STU ("Stuhini") for consideration of 1,200,000 common shares of Brixton and CAD $42,000 in cash (subject to the accep...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 Index could not break past 1090 and slipped modestly. It fell 2.68 points to 1066.90.MACD fell 3.5 points to -2.14. RSI backed off 9.59 points to 66.77.Support is now at 1049.90 (20-day moving average) and 1033. Resistance is at 1084 and 1100.As far as performance goes, the...Read More
Delbrook Capital Advisors Inc., a hedge fund specializing in metals and mining, more than doubled its return this year playing the precious metals rally. And now it's trimming some of that position.Read full newsRead More
Delbrook Capital Advisors Inc., a hedge fund specializing in metals and mining, more than doubled its return this year playing the precious metals rally. And now it's trimming some of that position.Read full newsRead More
Federal approval of a controversial gold and copper mine in Alaska that would be the largest in North America may be put on hold on hold after a small group of influential Republicans launched a full-court press to block the project.Read full newsRead More
Because the economy is in a recession, and the stock market is trading near an all-time high, investors cannot be too careful about the stocks they invest in.Here are three recession-resistant stocks that you can consider buying and holding through thick and thin. Specifically, I chose quality stocks from three very different sectors — utility, tech, and gold. Utilities are defensive. Tech o...Read More
Vincent Metcalfe, Founder and Chief Executive Officer and Director of Nomad Royalty (TSX: NSR), has a new TSX listed royalty company, and his team has experience buying streams and portfolios. Nomad has 10 assets. Five of them are in production. Nomad's globally diversified portfolio is 100% precious metals. 77% of the value is in gold and 23% is in silver. Nomad believes that it is a benefit to h...Read More
QMX Gold Corporation (TSX:V:QMX) is systematically exploring its extensive property position in the Val d'Or Mining Camp in the Abitibi District of Quebec. QMX Gold is currently drilling in the Val d'Or East portion of its land package, focused on the Bonnefond Deposit and in the Bourlamaque Batholith. We learned from Brad Humphrey, President and CEO of QMX Gold, that since 2017, they have complet...Read More
Subsidiary Pebble Limited Partnership said the permitting process continued to move forward amid reports the US Army Corps of Engineers (USACE) was going to publish details about its approach to wetlands mitigation for the project on Monday.The Pebble Partnership responded to a Politico article claiming Trump had plans to block the project."We firmly believe that the implication pushed by Politico...Read More
Elon Musk promises a "giant contract" with the miner that can supply nickel for Tesla Inc. batteries at low cost with minimal environmental impact, yet the industry's messy track record may make that deal difficult to clinch.Read full newsRead More