Canada is rich in natural resources like palladium, gold, and silver. Some of the world’s most prominent mining and natural resource firms call the Toronto Stock Exchange (TSX) home. The global market for potash, uranium, and niobium would not be the same without the Canadian mining industry.Up to 75% of the word’s natural resource mining firms choose to incorporate in Canada. Canada-b...Read More
Investors who’ve held shares of three companies from different sectors from 2010 to 2019 are celebrating. All of them have a boatload of cash in the new year. Not one of them regrets investing in the success stories of the decade.Precious gold Kirkland Lake (TSX:KL) has shone the brightest, as it was able to disprove the idiom, “all that glitters is not gold,” at least in the pas...Read More
Would you like to earn high returns free of taxes? That’s possible if you buy growth stocks in your TFSA. Growth stocks, as their name implies, are stocks that have the potential for substantial capital appreciation. So, if you want the value of your TFSA to increase fast, you should look for growth stocks. Aritzia (TSX:ATZ), ARC Resources (TSX:ARX), and Lundin Mining (TSX:LUN) are three sto...Read More
Copper Mountain mine - Image courtesy of Copper Mountain Mining Corporation Copper Mountain Mining has released 2019 operating results and provided three-year production guidance for its 75% owned Copper Mountain mine. The company's total production of 87.2 million lb. copper-equivalent last year came in at the lower end of its guidance range of 86 million lb. to 95 million lb. for the year, with...Read More
Treasury Metals' Goliath gold project in Ontario.Credit: Treasury Metals. Treasury Metals has released initial results from a 15,000-metre drill program it began in December at its flagship Goliath gold project in northwestern Ontario, including 7 metres of 14.8 g/t gold in the Eastern C Zone.Highlights from the Main zone at the project include:6.3 metres of 7.4 g/t gold, including 4 metres of 10...Read More
Windfall Lake gold project. Image courtesy of Osisko Mining Osisko Mining has announced further infill and expansion results from its Windfall gold project, 200 km northeast of Val-d'Or, which continue to suggest the presence of high-grade mineralization. Intercepts of note include:2 metres of 266 g/t gold from the Triple 8 zone;4 metres of 106 g/t gold from Triple Lynx; and2.5 metres of 135 g/t...Read More
Image by Scottie Resources. Shares of Scottie Resources (TSXV: SCOT) continued to rally on Monday following its latest investment boost. The Vancouver-based gold miner arranged a C$2 million private placement with 'Bay Street wizard' Eric Sprott last week, which resulted in the company's stock rising by more than 20% over the last two trading days.News of Sprott's investment comes right after the...Read More
The change comes about a year since announcing a goal to become a leader in the North American vanadium space, with those plans since terminated but subject to legal action which Regency believes hasRead More
Keto will relocate to Copenhagen to begin the role early July following the retirement of the company's current mining president Manfred Schaffer.Keto has worked at Metso, a Finnish industrial machinery firm, for 10 years. For the past two years has run the company's mineral services and pumps division. Before Metco, Keto held senior roles at Kone Corporation and Nokia.FLSmidth's CEO Thomas Schulz...Read More
Today is Monday, January 13, 2020, and this is your daily oil stocks roundup. Today we're looking at the valuations of CVR Energy (NYSE: CVI), Murphy Oil Corporation (NYSE: MUR), and National Fuel Gas Company (NYSE: NFG).CVR Energy (NYSE: CVI)CVR Energy (NYSE: CVI) is a $4.061 billion company today with a one-year return of 8.81%. Let's look at its price-to-earnings (P/E) ratio, its enterprise-val...Read More
Today is Monday, January 13, 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 $1,553.10. It's down -0.59% from yesterday and up...Read More
There is a major false belief about the oil industry that's held by most of the public and only serves to get you to buy crude over a longer period. That belief: Oil companies and organizations like OPEC want crude prices to be as high as possible.That's simply not true. And, over the weekend, Saudi Arabia's energy minister gave us some evidence of that.This morning, Reuters reported that Saudi Ar...Read More
German engineering giant Siemens will honour a controversial contract to supply signalling systems to Adani's Carmichael coal mine in Australia, despite being under fire for the project's alleged climate implications."We have just finished our special meeting ... We have evaluated all the options and have concluded that we must fulfil our contractual obligations," chief executive, Joe Kaeser, twee...Read More
The Dow Jones Industrial Average rose 0.66% to 28,823.77 and the S&P 500 Index gained 0.94% to 3,265.35. Spot gold climbed US$9.80 per oz. to finish at US$1,562.10 per ounce.Nutrien, the world's largest provider of crop inputs and services, bought 100% of the equity of Brazilian agricultural retailer Agrosema Comercial Agricola. Agrosema has annual sales of US$60 million across 12 farm centres, wi...Read More
The S&P/TSX Venture Composite Index fell 0.87% to 582.35. Spot gold moved higher to US$1,562.10 per oz., up US$9.80 per ounce.Shares of K92 Mining rose 20 ? to $3.20 on the back of record annual production from its Kainantu mine in the Eastern Highlands of Papua New Guinea. The company reported 2019 production hit a record 79,838 oz. gold, 951,792 lb. copper and 22,984 oz. silver for a total of...Read More
The S&P/TSX Composite Index rose 0.99% to 17,234.49 during the first full trading week of January. The S&P/TSX Global Mining Index fell 1.15% to 80.85, the S&P/TSX Global Base Metals Index lost 1.06% to 107.11, and the S&P/TSX Global Gold Index (USD) dropped 2.39% to 226.12. Spot gold climbed US$9.80 per oz. to US$1,562.10 per ounce.Record quarterly and year-end results sent Kirkland Lake Gold up...Read More
Lundin Gold (TSX: LUG) has reported that the ramp up of its Fruta del Norte gold mine and plant is on schedule and within budget. The mine - Ecuador's first large-scale gold mine - produced 28,678 oz. gold last year.Based on an update to its mine plan, life-of-mine all-in sustaining costs are now expected at US$621 per oz., up slightly from its prior estimate of US$583 per ounce. The increase is p...Read More
Back in November I explained that the electrification of everything remained as strong and real as it was when I first mentioned it in 2016.I also told you that the better names in the lithium space had likely bottomed and that 2020 should provide relief for companies that managed to advance assets in a meaningful way.Here's a chart of Lithium Americas during the past three months:Here's a chart o...Read More
"$COUP - Coupa: Not Surprising Revenue Beat, Though Valuation Remains A Bit Shocking. Sign up for updates on Seeking Alpha! https://t.co/3ZNKHI1nLq #stocks #economy #trading"Read full newsRead More
Harmony Gold Mining Company has moved higher as of late, but there could definitely be trouble on the horizon for this company.Read full newsRead More