July 16, 2020 (Source) - Granada Gold Mine (TSX.V: GGM) ("Granada Gold" or the "Company") is pleased to report that it ...Read full newsRead More
Company to Advance Exploration on Newly Optioned Property from Abitibi Royalties Targeted to Begin in Late SeptemberRead full newsRead More
Golden Ridge Resources Ltd. is pleased to announce inaugural explRead full newsRead More
Iraq has cut the official selling price (OSP) of its Basra Light crude for September cargoes to Asia, the United States and EuropeRead full newsRead More
The coronavirus pandemic will have an even bigger impact on the global economy and its demand for oil than previously expected, OPEC said.Read full newsRead More
Miner Barrick Gold beat quarterly profit estimates and hiked its dividend on Mondayd, but warned that a prolonged shutdown could jeopardize the long-term viability of its Porgera gold mine in Papua New Guinea.Read full newsRead More
While it is often obvious who the losers are in a market rout, the winners can sometimes be harder to recognize. Technology stocks were the clear big dollar losers on Tuesday, falling almost on queue after back-to-back warnings from INK in our market report Monday and Charlie McElligot on INK Ultra Money yesterday (premium). Some of the winners, as it turns out, are leveraged to the economy. Copp...Read More
Another 16 U.S. energy firms filed for protection from creditors last month, reflecting crude oil prices below levels that are profitable for many companies, according to a report by law firm Haynes and Boone on Tuesday.Read full newsRead More
Gold prices continue climb towards all-time record highs with December gold futures reaching an astounding $2,027 on Tuesday. The gold frenzy driven in part by the weakening dollar and the global pandemic is good news for Canadian junior gold miners and mid-tier gold exploration companies, particularly those in prolific gold regions across Canada. Although some mining regions faced setbacks...Read More
Many Canadians are continuing to face a significant drop in their regular income due to COVID-19-related factors. To add to their worries, some government benefits — that they’ve been receiving for months — are set to end soon.The Canada Emergency Response Benefit (CERB) scheme would expire in the first week of October. The Justin Trudeau administration announced the scheme in Ma...Read More
The Canadian stock market has been resilient, despite the fear of an economic slowdown. The rising COVID-19 infections and the weak economic outlook suggest that the market could shed most of its gains. However, that is not happening, as investors’ optimism over the reopening of the economy and increase in economic activities continue to lend support and protect the downside.Amid such an env...Read More
After a stupendous bull run, gold stocks lost significant value overnight. Gold prices were up 35% year to date, and it seemed investors decided to book profits in the yellow metal. This resulted in a sell-off, as investors offloaded gold mining companies, which sent stocks spiraling downwards.Gold prices rose from $1,519.5 an ounce in December 2019 to over $2,000 an ounce in the last week. Gold p...Read More
Gold has been a superb investment in the last couple of years. Since 2019, gold fund SPDR Gold Trust has appreciated about 47% even after the latest dip.Yesterday, the gold spot price slipped 2%, SPDR Gold Trust fell 5%, and gold stocks fell even more. Here’s to name a few:Newmont stock fell +7%Barrick Gold stock fell +8%Franco-Nevada stock dropped +6%Kirkland Lake Gold stock declined +6%Wha...Read More
When it comes to gold stocks, Barrick Gold (TSX:ABX)(NYSE:ABX) is the gold standard. But as I’ve been warning investors in many prior pieces, shares look absurdly overvalued, especially given that gold prices are above and beyond that of their mid-cycle levels (around US$1,200-$1,300 per ounce).While it’s a good idea to have some exposure to alternative assets (that’s alternative...Read More
Gold was worth almost $1,920/oz on the spot market earlier, having been about $2,104/oz at this time yesterday.Producers Barrick Gold, Kinross Gold and Yamana Gold all lost 9% or more on the Toronto Stock Exchange.Silver, which this week briefly rose over $29/oz for the first time since 2013, was at $25.17/oz on the spot market at the time of writing."Some people have attributed this to the fact t...Read More
J.P. Morgan led the way in what seemed like a competition to replace previously cautious comments about the iron ore outlook with a rash of optimism.Read More
SNC-Lavalin announced in late July it had entered a definitive agreement to sell its South African Resources arm to local management, with the transaction expected to close within weeks. The price was not disclosed.The company has had a presence in sub-Saharan Africa for more than 40 years.The South African business has around 1,800 employees, and describes itself as a leading shutdown contractor,...Read More
One of the greatest fortunes in history was built by Henry Ford.At its peak, his wealth surpassed $200 billion in today's dollars.To throw a little perspective on this, just keep in mind that it would take the combined net worths of BOTH Bill Gates and Mark Zuckerburg to barely top this feat.It was all thanks to the Model T.By 1925, Ford's Model T accounted for 40% of all cars sold in the United S...Read More
Horizonte Minerals (TSX: HZM) announced that it is arranging a senior secured project finance facility of up to US$325 million to fund the construction and development of its flagship Araguaia nickel project in Para state in Brazil.A syndicate of five international financial institutions, including BNP Paribas, ING Capital LLC, Mizuho Bank, Natixis, and Soci?(C)t?(C) G?(C)n?(C)rale, will act as th...Read More
Wesdome Gold Mines' (TSX: WDO) Eagle River complex in Ontario churned out 25,142 oz. gold in the second quarter at all-in sustaining costs (AISCs) of US$879 per ounce.According to the company, based on 50,264 oz. generated from the asset in the first half of the year, Wesdome is well-positioned to meet its 2020 production guidance of 90,000-100,000 oz. gold at all-in sustaining costs of US$985-$1...Read More