Investors are sweating over the recent market decline. Stock markets have now entered bear market territory after a 20% fall from record highs. Equity markets in the United States and Canada fell around 5% yesterday after the World Health Organization declared the coronavirus a pandemic.So where do investors park their funds in a market that is bleeding heavily due to the COVID-19 outbreak and fal...Read More
Eagle River Complex, Mishi - Open Pit. Image courtesy of Wesdome River Gold Mines LtdLast year, Wesdome Gold Mines (TSE: WDO) increased production at its Eagle River complex in northern Ontario by 28% to 91,688 ounces of gold while decreasing cash costs by 9% to $621 per oz.The company also increased reserves at Eagle River by 36% while boosting reserve grades 20%. The latest reserve number for...Read More
CEO and Director of O3 Mining, Jose Vizquerra at the Canadian Malartic gold mine in Quebec in 2013. Credit: Jose Vizquerra. O3 Mining has released the results of four holes completed at the Alpha property within its Central Cadillac group of holdings in Quebec. Of the four holes reported in the most recent release, three are from the Bulldog zone which has now been traced over 500 vertical metre...Read More
The camp at Foran Mining's McIlvenna Bay polymetallic project in Saskatchewan. Credit: Foran Mining A pre-feasibility study (PFS) released by Foran Mining (CVE: FOM) for its wholly owned McIlvenna Bay project in Saskatchewan suggests a 3,600 t/d underground mine with on-site processing and tailings storage shipping copper and zinc concentrates to offsite smelters. With a nine-year mine life, av...Read More
Stock image. Key moves in the Canadian mining sectorDavid Sidoo resigned as a director of Advantage Lithium; Sidoo was a founding shareholder of the company.Gordon Guiboche resigned as a director of Anglo-Bomarc Mines. John Lee Wong has been appointed the company's president and to its board.Paul Wright is joining the board of Asanko Gold as chairman; between 1999 and 2007, Wright was th...Read More
Image by Teck. Teck Resources (TSX, NYSE: TECK) announced on Thursday a target to reduce carbon intensity by 33% by 2030 as part of its new sustainability strategy.This builds on the previously announced commitment to be carbon neutral across all its operations and activities by 2050, Teck said.The move comes just weeks after Teck walked away from plans to build the C$20.6 billion ($15.7 bil...Read More
Behavioural finance analyst Ken Norquay says buying energy stocks after the next bear market ends will be like buying the Dow Jones Industrials in mid-1932.Buying energy stocks after the next bear market ends will be like buying the Dow Jones Industrials in mid-1932.Modern journalism is characterized by repetition. When journalists repeat the same thought patterns, readers become comfortable with...Read More
It said underwriters led by National Bank Financial, Eight Capital Corp and Scotia Capital had agreed to buy C$75 million (US$54.4 million) worth of shares priced at $8.Read More
Amplats declared force majeure on Friday after an explosion at the plant on February 10, and the threat of another explosion at its replacement.Read More
Share this articleVANCOUVER - Teck Resources Ltd. is doubling down on its greenhouse gas emissions targets, announcing it will aim to reduce carbon intensity in its operations by 33 per cent over the next 10 years.The Vancouver-based mining firm says the goal is in addition to its commitment made in early February to be carbon neutral across all its operations and activities by 2050.The news c...Read More
Today is Thursday, March 12, 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 $1,580.10. It's down -3.56% from yesterday and up...Read More
Today is Thursday, March 12, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of NACCO Industries (NYSE: NC), Black Stone Minerals LP (NYSE: BSM), and Talos Energy (NYSE: TALO).NACCO Industries (NYSE: NC)NACCO Industries (NYSE: NC) is a $204.21 million company today with a one-year return of -19.14%. Let's look at its price-to-earnings (P/E) ratio, its ente...Read More
Uber (NYSE: UBER) and Lyft (NASDAQ: LYFT) have been having a pretty horrible week.As if the broader market sell-offs haven't been enough, on Tuesday, Virginia Senator Mark Warner sent letters to ride hailing and delivery service companies, requesting that they start a coronavirus fund that would allow their workers to take time off to get tested or self-quarantine.He also suggested paying workers...Read More
Teck Resources (TSX: TECK.B; NYSE: TECK) announced a target to reduce carbon intensity by 33% by 2030 as part of its new sustainability strategy and goals.This builds on a previously announced commitment to be carbon neutral across all operations and activities by 2050, Teck said.The move comes just weeks after Teck walked away from plans to build the $20.6 billion (US$15.7 billion) Frontier oil s...Read More
Earlier this month, The Northern Miner's sister publication MINING.COM released its EV Battery Metals Index, which includes the first value measurement of metals used in batteries for the nascent electric vehicle industry. The full report is presented here.It is worth remembering that the first all-electric vehicle to use a lithium-ion battery - the Tesla roadster - only rolled off assembly lines...Read More
A pre-feasibility study (PFS) released by Foran Mining (TSXV: FOM) for its wholly owned McIlvenna Bay project in Saskatchewan envisions a 3,600 t/d underground mine with on-site processing and tailings storage and the shipping of copper and zinc concentrates to offsite smelters. With a 9-year mine life, average annual production of 89.2 million lb. zinc and 27.9 million lb. copper, and $261 millio...Read More
O3 Mining (TSXV: OIII) has released the results of four holes completed at the Alpha property within its Central Cadillac group of holdings in Quebec. Of the four holes reported in the most recent release, three are from the Bulldog zone, which has now been traced over 500 vertical metres and over 100 metres to 200 metres along strike.Drill highlights from Bulldog include 33 metres of 1.9 grams go...Read More
Public Health Sudbury & Districts medical officer Dr Penny Sutcliffe confirmed an attendee to the conference, which saw about 23,000 people gathered under the same roof, had tested virus-positive upon returning home."I am confirming that based on our investigations so far, the individual was not infectious while attending the PDAC 2020 conference March 2 and 3 in Toronto," said Sutcliffe."Our...Read More
"You're going to jail or you're going to die."These were the options facing John Dawson Jr. in 2012. He was a marijuana dealer, swamped in debt and wondering what to do with his life. He was down and out.In what seems like divine providence, he met a businessman in Iowa who told him those very words. But then the businessman gave him a third option..."Let's start you a business."John went with doo...Read More
By Gary Savage$SPX in oversold conditions, this is not a new perma-bear market. The market will start pricing in the corona virus dying out. Still another 10-15 years in this bull market to go..https://blog.smartmoneytrackerpremium.com/Read More