Justin Trudeau's new tax incentive would make it more affordable to invest in mining equipment. (Read More
The top gold mining company Barrick Gold (TSX:ABX)(NYSE:GOLD) stock has surged more than 60% in the last 12 months. However, even after a strong rally, the stock still seems to have a long way to go. Stable earnings and dividends, along with a solid outlook for the yellow metal ahead in 2020, make it an attractive pick for long-term investors.Almost a zero-debt companyBarrick Gold is fast approach...Read More
After a tumultuous two-week period, markets shot back to life yesterday, erasing some but not all of the losses recently sustained. Despite that positive move, market volatility remains high, and most investors are likely pondering the same questions: What will happen next, and how can I protect my hard-earned portfolio?While defensive investments remain the go-to answer to many of those uncertain...Read More
The coronavirus outbreak has triggered considerable fears that a global recession is imminent, with some analysts predicting that global economic growth could be cut in half. Indeed, gross domestic product is predicted to expand by a modest 1.5% during 2020, creating an environment of fear that sees many investors fleeing stocks for the ultimate safe haven asset, gold.This has seen the yellow meta...Read More
Up 34% over the last 12 months, gold mega-miner Newmont (TSX:NGT)(NYSE:NEM) was one of only a handful of stocks that remained positive south of the border as the S&P 500 Index tanked. By the end of the week, its performance on the similarly battered TSX showed a 10% loss — a move that would have alarmed even the most steadfast of investors in any other week.Seeing a classic defensive pla...Read More
Drill rig at the Marathon Deposit, Valentine Lake Gold Camp - Image courtesy of Marathon Gold Drilling between the Marathon and Leprechaun deposits at Marathon Gold's (TSE: MOZ) Valentine Lake project in Canada's Newfoundland province has confirmed a new area of mineralization: The Berry zone.Drill highlights include 55 metres of 2.24 g/t gold, 8 metres of 3.92 g/t gold and 8 metres of 3.02 g/t...Read More
Norcat, a provider of skilled labour training for the mining industry, has announced a partnership with Vale (NYSE: Vale) to develop and deploy an experiential learning program.As part of this partnership, Norcat is creating interactive and experiential training tools which include virtual reality (VR) pre-operational circle check training and exercises for mine equipment. As part of this part...Read More
The S&P 500 closed up 4.6% and China's Shanghai Composite Index gained 3.15%.Futures were also pointing to a positive day on most markets.Bank of Japan governor Haruhiko Kuroda said on Monday that Japan's central bank would take necessary steps to stabilise financial markets, following a similar move by US Federal Reserve chair Jerome Powell on Friday, Reuters reported.Australia's Reserve Bank...Read More
The main priority is advancing construction of the Aripuana zinc project in Brazil, which is planned to produce 120,000 tonnes per year of zinc-equivalent comprising 70,000tpy zinc, and 50,000tpy ofRead More
"This arbitration procedure will not affect our current operations. The amounts discussed have been paid, under protest, and are promptly related to past activities. Currently, we operate under a new contract for guarantees and investment promotion measures," said Cerro Verde in a statement.The dispute with tax agency Sunat relates to a 1998 tax stability agreement the company signed with the gove...Read More
Share this articleTORONTO - Ontario's economic development minister has announced he is leading a mining mission to Peru and Ecuador.Vic Fedeli says the trip will focus on mining manufacturing and equipment and will expose Ontario businesses to new markets.He says Peru and Ecuador represent "an abundance of untapped potential" for Ontario suppliers to the mining industry.During Fedeli's April 13-1...Read More
Today is Tuesday, March 3, 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 $1,644.90. It's up 3.47% from yesterday and up 27.24...Read More
Today is Tuesday, March 3, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Williams Companies (NYSE: WMB), Pembina Pipeline Corporation (NYSE: PBA), and Earthstone Energy (NYSE: ESTE).Williams Companies (NYSE: WMB)Williams Companies (NYSE: WMB) is a $22.69 billion company today with a one-year return of -28.55%. Let's look at its price-to-earnings (P/E)...Read More
Here is your S&P 500 index over the past two months:This a classic example of a dead cat bounce. Stocks tend to bounce back 33% from the low. I expect we will fill that gap at 3,120 and sell off for the rest of the week.Ten Years of Bouncing Felines Here is the S&P 500 over the past decade: As you can see, we've had four selloffs in the last 10 years that have broken the up trendline, not incl...Read More
Renowned mining mogul Robert Friedland took a theatrical approach to introduce his message to PDAC convention attendees in early March. The Star Wars theme song filled the packed conference room while iconic yellow text scrolled up from the bottom of screens flanking the stage before Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) founder and co-chairman delivered his presentation titled Revenge of the Mi...Read More
Argonaut Gold (TSX: AR) continues to intersect high-grade mineralization below and adjacent to the reserve pit limits at its 22-sq.-km Magino project, 40 km northeast of Wawa, Ontario.The most recent drill highlights include 11 metres of 11.68 grams gold per tonne, 6 metres of 10.79 grams gold and 2 metres of 17.26 grams gold. As reported in December, the ongoing drilling continues to intercept tw...Read More
Drilling between the Marathon and Leprechaun deposits at Marathon Gold's (TSX: MOZ) Valentine Lake project in Newfoundland has confirmed a new area of mineralization: the Berry zone.Drill highlights include 55 metres of 2.24 grams gold per tonne, 8 metres of 3.92 grams gold, and 8 metres of 3.02 grams gold.The eight holes in the latest release tested a 200-metre long section of the 6-km long Spri...Read More
In a capital markets session at the Prospectors and Developers Association of Canada, investment bankers from BMO Capital Markets, TD Securities, CIBC Capital Markets and RBC Capital Markets discussed the impact the outbreak of the coronavirus, or Covid-19, is having on markets and banking. Anthony Vaccaro, group publisher of The Northern Miner, moderated the session, with Michael Faralla, manag...Read More
This episode features a speech by Canadian Prime Minister Justin Trudeau on his vision for the mining industry in the context of climate change at the Prospectors and Developers Association of Canada conference in Toronto on March 2, 2020. Trudeau draws comparisons between today's climate debate and the NAFTA debate from the late-1980s; responds to Teck's decision to cancel its Frontier oil sands...Read More
It's usually difficult to find a seat at the commodities session on the opening day of the Prospectors and Developers Association of Canada (PDAC) convention held in early March in Toronto, but there was a noticeably smaller crowd at this year's Sunday afternoon talks.At the start of his talk on the outlook for metals and mining in 2020, Paul Robinson, a director at CRU Group, noted the unusually...Read More