Canadian savers are clearing up the last bills from the holiday season and sitting down to decide how much cash they have left to contribute to their RRSP.The contribution deadline for the 2019 tax year is March 2, 2020. That isn’t too far away, and investors are beginning to evaluate some of the stocks they might buy with their additional RRSP funds.The RRSP is facing competition with the T...Read More
Escondida mine in Chile. (Image courtesy of Municipalidad Antofagasta | Flickr ) The world's number one mining company, BHP (NYSE:BHP) reported robust numbers from its copper operations on Monday, despite political upheaval in Chile, the location of the world's largest copper mine, Escondida, operated by the company. Copper production for the December quarter gained 6% to 455,000 tonnes, boosted...Read More
Finland (image courtesy of Pyry Tanskanen on Flickr) Following a recent Edumine four-day short course, "Valuation of Mineral Projects Based on Technical and Financial Modelling" in POHTO's Oulu facility in Finland, one of the delegates raised an interesting point that has wide relevance to active operations. The Valuation course covers project appraisal as a forward-lookingperspective at the pre-...Read More
Aerial view of the plant at Aurizona Gold Mine in Brazil (foreground) and Piaba Pit (background). (Image courtesy of Equinox Gold) Independent proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis & Co. have both recommended that shareholders vote in favour of the proposed merger between Canadian-based gold miners Equinox Gold (TSX: EQX) and Leagold Mining (TSX: LMC).Shar...Read More
Image from White & Case. Global law firm White & Case has released the results of its fourth annual survey on mining and metals, identifying trade and ESG issues as the industry's top concerns for 2020.White & Case surveyed 64 senior industry decision-makers on an array of topics, including key risks for 2020, what ESG areas will be most scrutinized, which metals will do best and the level of M&A...Read More
While recognising that flow-through financing, a tax-based financing incentive mechanism which allows companies to raise money at a premium to their share price, has and will continue to be a majorRead More
A surprisingly fast recovery in iron ore production by Vale, combined with increasing supply from China, and a possible rise in India, could combine to push iron ore prices downward in 2020 fromRead More
Today is Monday, January 20, 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 $1,563.80. It's up 0.42% from yesterday and up 22....Read More
Today is Monday, January 20, 2020, and this is your daily oil stocks roundup. Today we're looking at the valuations of Alliance Resource Partners LP (NASDAQ: ARLP), Chesapeake Energy Corporation (NYSE: CHK), and Callon Petroleum (NYSE: CPE).Alliance Resource Partners LP (NASDAQ: ARLP)Alliance Resource Partners LP (NASDAQ: ARLP) is a $1.409 billion company today with a one-year return of -39.79%. L...Read More
Production in the fourth quarter at TMAC Resources' (TSX: TMR) struggling Hope Bay mine in Nunavut were at the low end of expectations, and the company has begun a strategic review process.The deferral of mining in the BTD East Limb due to rehabilitation work, which impacted available grade, was the biggest factor in the company's weak quarterly production results of 24,650 oz. gold, TMAC said.Dis...Read More
Anglo American (LON: AAL) is expanding into fertilizers after agreeing to acquire Sirius Minerals (LON: SXX), the British junior struggling to build a huge fertilizer mine beneath a national park, for ?405 million (US$527 million).As part of the deal, Sirius shareholders will receive 5.5 pence per share in cash, a 34.1% premium to the closing price on Jan. 7, which was the day before Anglo confir...Read More
New York-based ARK Investment Management forecasts sales of electric vehicles will reach 37 million units in 2024.ARK, which focuses on disruptive technologies, said EV sales in 2019 hit about 2 million units, up from 1.45 million units in 2018."EV sales are expected to grow significantly during the next five years," ARK says in a research report, despite "an estimated 3.1 million drop in total au...Read More
Mincon is Lehti's biggest customer, accounting for €9 million of the company's €13 million revenue in 2019. Lehti generated €2.2 million of EBITDA in 2019.Read More
AVZ Minerals Ltd (ASX: AVZ) is a mineral exploration company focused on developing the Manono Lithium and Tin Project located in the south of the Democratic Republic of Congo (DRC) in central Africa. AVZ has a 60% interest in the Manono Project. We learned from Nigel Ferguson, who is Managing Director of AVZ Minerals, that Manono is a world class, tier-one asset, with over 400 million tonnes of 1....Read More
In an interview last week with CNBC's Squawk Box Europe, Chief Investment Officer of Smead Capital Management Bill Smead said he believes millennials will prioritize "necessity spending" over the next decade.Smead told CNBC he believes these folks will stop buying "Apple devices, craft beer, and Chipotle burritos" and instead spend their money in a more financially responsible way. Smead said:We h...Read More
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YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMGold was sold lower by a few dollars by 9 a.m. CST in Far East trading on their Friday morning -- and that proved to be the low tick of the day. From that juncture it headed quietly higher until minutes before 2 p.m. China Standard Time on their Friday afternoon. It edged lower until the 10:30 a.m. morning gold fix in London -- and then began...Read More
- Gary Tanashian, NFTRHThe Nasdaq bubble popped in 2000 after motoring upward on increasing volume in two separate phases. Volume rammed upward and RSI diverged. Like shootin' fish in a barrel it was, except that at the time I was too inexperienced to see it. It was a steep slope and blow out.The 2006 bubble in copper made a consolidation and a steep slope and blow out of its own with a little...Read More
By: Ira EpsteinMartin Luther King holiday Monday -- confusing rules on trading.Three big events this week: US/China Trade Deal, USMCA approved, Senate Impeachment.Gold's weekly chart close shows the best level we have had. 18-week moving average now just under $1,500. Gold technical update..Read More
"@HenrikZeberg @4xForecaster @DaveHcontrarian The 1588-1630 area of gold is where the April 2013 collapse took place.I view it as YEARLY resistance for 2020.For me, it would take a close above there to suggest the 1800 target is ready to be fullfilled."Read full newsRead More