According to Berkshire Hathaway’s (NYSE:BRK.A)(NYSE:BRK.B) recent 13F SEC filing, there is a surprising addition to the company’s portfolio. Berkshire Hathaway now owns 1.2% or 20.9 million shares of Barrick Gold (TSX:ABX)(NYSE:GOLD) worth US$628.4 million.While this holding accounts for 0.3% of Berkshire’s total portfolio, the presence of a gold stock has surprised Warren Buffet...Read More
Warren Buffett’s new stake in Barrick Gold (TSX:ABX)(NYSE:GOLD) likely shocked many investors. We all knew that the Oracle of Omaha has been playing it cautious amid the COVID-19 pandemic, given the risk that the world economy could fall into a depression. However, having slammed gold as an investment many times in the past, many may be fearful that Buffett’s newfound love for gold may...Read More
Warren Buffett doesn’t usually venture north of the border for securities, but when he does, Canadians should pay close attention. While I’d never advocate following an investment guru blindly into or out of stocks, as one would typically pay-up a hefty “Buffett premium” for shares (Barrick Gold (TSX:ABX)(NYSE:GOLD) stock surged 11% in a day on news of Buffett’s new s...Read More
When Warren Buffett talks, smart investors listen. Every year, Warren Buffett’s Berkshire Hathaway holds its annual meeting in Omaha, Nebraska. The famed investor’s influence is on full display, as approximately 40,000 shareholders gather to hear him speak.So, when investors heard that Berkshire Hathaway opened a new position in Barrick Gold (TSX:ABX)(NYSE:GOLD), things changed. Barric...Read More
Officially, a decision to complete construction of Jansen has been delayed until the middle of next year despite BHP having already invested US$2.Read More
All our troubles seemed so far away in December 1970.Just a month before, U.S. oil production had averaged a new all-time record of 10.04 million barrels per day.Life was good on top, and the future looked brighter every month.For us, the sky was the limit.So you can imagine why the dip back below 10 million barrels per day that December didn't cause too much alarm.Then it dipped again just one mo...Read More
Northern Dynasty Minerals' (TSX: NDM) shares jumped Aug. 19 after the company revealed that the Alaska Republican Party officially endorsed its proposed Pebble copper-gold-molybdenum mine.The stock climbed almost 5% in Toronto at opening from C$2.02 to C$2.12 as the Canadian miner published excerpts of a party resolution. The document, dated Aug. 9, says it "unequivocally" supported the responsibl...Read More
Copper rose above US$3 per lb. for the first time in more than two years, on the back of falling inventories, a lower U.S. dollar, unprecedented Chinese economic stimulus and ongoing worries about pandemic-hit supply from top producer South America.Copper for delivery in September trading in New York changed hands for US$3.0295 per lb. (US$6,680 per tonne) in afternoon trade on Aug. 19 - the highe...Read More
Iron ore prices hit six-and-half year highs on Aug. 18 as Chinese furnaces, where more than half the world's steel is forged, roll out crude steel at a never before seen pace.According to Fastmarkets MB, benchmark 62% Fe fines imported into northern China were changing hands for US$128.57 per tonne on Aug. 18, up 5.4% on the day.That was the highest level for the steelmaking raw materials since Ja...Read More
It has been a difficult week for English mining engineers. A coal open pit closed in Durham on the same day (Aug. 17) as a thought-provoking press release by Global Footprint Network (GFN). The closure left just one industrial-scale coal mine operating in the country, and means that a once proud (and important) industry is almost at an end.Coal is still needed globally, of course, and it remains m...Read More
The stock market is back at all-time highs. But the gains are as hollow as the suits that tout them on TV. Earnings growth for the S&P 500 in Q2 was negative 34%. It's expected to be negative 22.9% in the third quarter and negative 12.8% in the fourth quarter. Merry Christmas, you filthy animal. You will hear that companies are "beating" earnings expectations. And that's because the same holl...Read More
Golden Arrow Resources (TSXV:GRG) is hosting a Town Hall Webinar on Wednesday, August 19, 2020 at 1:05 PM - 2:15 PM PDT. Read full newsRead More
PORTOFINO RESOURCES INC. is pleased to announce the results of itRead full newsRead More
QMX Gold Corporation ("QMX" or the "Company") (TSXV:QMX) is pleased to release results from the ongoing exploration drilling program on the Bonnefond Deposit.Read full newsRead More
The Real Vision precious metals series continues Tuesday. Yesterday, Lyn Alden of Lyn Alden Investment Strategy provided a macro analysis of gold and silver by comparing historically their prices relative to money supply, interest rates, and equity valuations. Meanwhile, Ron William makes the case for a bullish precious metals environment using technical indicators and chart patterns (premium vid...Read More
The SPDR Gold Trust (GLD) is increasingly resorting to sourcing gold bars at the Bank of England - at least 70 tonnes of gold and possibly up to 150 tonnes.Read full newsRead More
Vancouver, BC August 18, 2020 - KORE Mining Ltd. (TSXV: KORE | OTCQX: KOREF) ("KORE" or the "Company") has commenced work on a Preliminary Economic Assessment ("PEA") of the Long Valley project ("Project" or "Long Valley") located in Mono County, California. Engineering is well advanced, with results expected in late Q3 2020.Scott Trebilcock, President and CEO stated, "Long Valley is a large, sh...Read More
After a Winklevoss encounter highlights Elon Musk's space mining dreams, maybe we should remind ourselves of the right-here-at-home benefits bitcoin brings.Read full newsRead More
Warren Buffett's Berkshire Hathaway bought a stake in Barrick Gold in the second quarter, a Friday filing showed. Barrick Gold surged as much as...Read full newsRead More
Spot gold was up around US$1,990 an ounce earlier but was at $1,981/oz at the time of writing.Meanwhile, word of Warren Buffett's Berkshire Hathaway investment in Barrick Gold sent the gold major up 11.32% yesterday to within C$1 of a one-year high.Other gold equities gained in Toronto, including Equinox Gold (TSX: EQX), Victoria Gold (TSX: VGXC) and Wesdome Gold Mines (TSX: WDO), which all rose m...Read More