"Who cares about the gold and oil price right now? Prayers for the world especially the people/families directly involved."Read full newsRead More
"Who cares about the gold and oil price right now? Prayers for the world especially the people/families directly involved."Read full newsRead More
Two asset types have shot up since the instigation of the explosive situation in the Middle East last week: oil and gold. There’s a logic behind these movements, however.Momentum investors are betting that oil prices will rocket in the event that the tension in Iraq boils over, with the possibility of a bottleneck at the Strait of Hormuz. Gold, on the other hand, is a classic defensive play...Read More
(Image: Wikimedia Commons) After spiking to a near seven-year high when news of an Iranian missile attack on a US base in Iraq first broke, the price of gold plummeted on Wednesday. Wednesday was one of the worst trading sessions in dollar terms in gold market history with the gold price dropping to $1,553.40 an ounce in afternoon trade - down 3.7% or $59.90 an ounce from the peak above $1,600 re...Read More
Neptune Terminals, one of the largest multi-product bulk terminals in North America, has the capacity to handle more than 24 million tonnes a year. Credit: Neptune Terminals Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) announced Wednesday an expanded commercial agreement with Ridley Terminals Inc. (RTI) for shipments of steelmaking coal from Teck's British Columbia operations. The...Read More
Credit: Epiroc Last year, Aramine was appointed as the as official distributor of Epiroc products for underground mines and tunnels in France and in several strategic countries in central and west Africa.The Epiroc range complements Aramine's portfolio of machines. According to Marc Melkonian, Aramine's president, "Epiroc's trust is a mark of recognition of our long-standing partnership, and this...Read More
Decar nickel-iron project, British Columbia. Image by FPX Nickel FPX Nickel has released the results of pressure leaching testwork on nickel concentrates from its 245-sq.-km Decar nickel project located in central British Columbia. Based on nickel recoveries in excess of 98%, the company believes that the resulting solution could be an ideal feed for the production of nickel sulphate and cobalt s...Read More
Credit: Blast Movement Technologies Hexagon has announced the acquisition of Blast Movement Technologies (BMT) from RCF Jolimont Mining Innovation. BMT supplies a unique blast movement measurement technology to the global mining industry. BMT's technology enables accurate delineation of ore boundaries after blasting in open pit mining. This enables miners to recover more ore, increasing efficienc...Read More
Bernstein analysed long-term price to earnings (Shiller P/E) for the mining industry, finding valuations are at 100-year lows.Read More
Under terms of the agreement effective from January 2021-2027, Teck will increase contracted shipping capacity from the Price Rupert terminal from three million tonnes per annum to 6Mtpa, with anRead More
BMT had been owned by RCF Jolimont Mining Innovation, which bought the company from its founders in 2015.The BMT technology allows the accurate delineation of ore boundaries after blasting in opencut mines, helping miners reduce waste and only target the material they need. It involves putting orange softball-sized sensors into the blast holes. After the blast those sensors are tracked to fin...Read More
Today is Wednesday, January 8, 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 $1,560.30. It's down -0.89% from yesterday and u...Read More
Today is Wednesday, January 8, 2020, and this is your daily oil stocks roundup. Today we're looking at the valuations of Devon Energy Corporation (NYSE: DVN), Enbridge (NYSE: ENB), and ONEOK (NYSE: OKE).Devon Energy Corporation (NYSE: DVN)Devon Energy Corporation (NYSE: DVN) is a $9.748 billion company today with a one-year return of 4.5%. Let's look at its price-to-earnings (P/E) ratio, its enter...Read More
For the first time since 2013, the price of gold rallied overnight, hitting $1,600 an ounce after it was reported that more than a dozen Iranian missiles were fired at a U.S. military base overnight in Iraq.Safe-haven buyers wisely began purchasing gold last week following the assassination of Iranian Major General Qasem Soleimani, which is assumed to have prompted last night's attack. Since then,...Read More
Anglo American (LON: AAL) may be the company that throws a much-needed lifeline to Sirius Minerals (LON: SXX), the British junior struggling to build a huge fertilizer mine beneath a national park, thanks to a last-minute takeover bid that values the developer at almost ?386 million (US$507 million).The diversified miner confirmed on Wednesday that it was in advanced talks with Sirius over a cash...Read More
In the three and a half years since Geoff Burns co-founded Maverix Metals (TSX: MMX; NYSE AM: MMX) with CEO Daniel O'Flaherty in July 2016, the royalty and streaming company's portfolio has grown to more than 100 assets - 14 of them paying.In 2018, Maverix posted net income of $3.5 million on record revenues of $34 million from 20,886 attributable gold equivalent oz. sold, and is on track to meet...Read More
In November 2019, the Canadian Institute of Mining, Metallurgy and Petroleum's Newfoundland and Labrador branch named Sokoman Minerals (TSXV: SIC) the Prospector/Explorer of the Year for its 100%-owned Moosehead gold property.Moosehead, 150 km to the northeast of Marathon Gold's (TSX: MOZ) Valentine Lake deposit in central Newfoundland, sits along the extension of the Cape Ray-Valentine Lake-Alder...Read More
In the fall of 2019, I’d discussed the trajectory for gold heading into the new year. At the time, I’d suggested that gold could feasibly reach the $2,000 mark. In the first week of 2020, the spot price of gold has surged above the $1,550 mark. Today, I want to explore three reasons why investors may want to pour into gold stocks, which have failed to benefit from the momentum in the n...Read More
A long-awaited challenger to electric vehicles is here.They use a unique "blue gas" as fuel. They are reliable. They are safe. They are clean. And they are being adopted at breakneck pace by automakers and big industry alike. Amazon uses this technology at its fulfillment centers. BMW is launching a line of its popular X series of SUVs that is powered by this blue fuel. Honda is already selling...Read More
Share this articleVANCOUVER - Teck Resources Ltd. has signed a deal with Ridley Terminals Inc. that will allow it to increase shipments of steelmaking coal from its B.C. operations.Ridley Terminals owns and operates the marine bulk handling terminal on Prince Rupert's Ridley Island on B.C.'s north coast.The agreement increases contracted capacity from three million tonnes per year to six million t...Read More