Goldlund Project (Credit: First Mining Gold). First Mining Gold (TSX: FF) on Monday announced results from the drill program at the company's wholly-owned Goldlund gold property in Ontario.According to the miner, of eleven holes reported, gold mineralization has been encountered in nine. Hole GL-19-008 intersected 21 metres of 5.36 g/t gold within highly mineralized granodiorite and porphyry uni...Read More
Finding a good stock was a challenge early on this year. Many stocks were significantly overvalued, with a number of them trading at not just 52-week highs but five-year highs as well. So for value investors like myself, it was difficult to find an investment to add to my Tax-Free Savings Account (TFSA).One way I try to find a good stock to invest in is to look at where a particular industry is he...Read More
The gold rally ran into a brick wall last week, hit by a major sell-off in the stock markets. Investors who missed the recent price surge in gold stocks are now wondering if they should add the gold miners to their Tax-Free Savings Account (TFSA) portfolios.VolatilityGold rallied from US$1,550 per ounce on February 4 to US$1,690 just 20 days later. Investors then decided to book profits and the pr...Read More
From left to right: Evelyn Coulombe, Consul General of Canada in Rio de Janeiro, Wilson Brumer, Chairman of the Board for the Brazilian Mining Association, Robert Peterman, Vice President, TMX - Global Business Development, Guillaume L?(C)gar?(C), Head, TMX - South America (Credit: IBRAM)The Brazilian Mining Association (IBRAM) announced on Monday it has signed a Memorandum of Understanding (MOU)...Read More
Poster of workers constructing the no. 4 blast furnace at WuGang (Wuhan Steel) circa 1970. Image: Chineseposters.net Copper and iron ore prices surged on Monday on hopes that China, responsible for more than 70% of the world's seaborne iron ore trade and half the world's copper consumption, will spend massively on infrastructure and manufacturing to revive an economy devastated by the coronavirus...Read More
Norway, Image by Markus Christ from Pixabay. Norsk Bergindustri (Norwegian Mineral Industry), the national mining association in Norway, announced on Monday that it will adopt the Towards Sustainable Mining (TSM) initiative, a corporate social responsibility program developed by the Mining Association of Canada (MAC) to improve environmental and social practices in the mining industry. TSM requi...Read More
The company had sought A$10 million initially, but said demand from sophisticated and institutional investors was strong. Shares will be issued at 21c each, an 8.7% discount to the last closing price.Read More
He said the drop was mainly driven by gold-focused exploration budget cuts and the lack of reinvigoration of exploration spend in the sector in the 2019 season.North America exploration spending was also impacted by major M&A activity such as that of Barrick Gold and Newmont, with the resultant exploration budgets of the merged companies usually much lower than the combined budgets of the indi...Read More
Today is Monday, March 2, 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 $1,601.85. It's up 1.01% from yesterday and up 23.91%...Read More
Today is Monday, March 2, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Valvoline (NYSE: VVV), ProPetro Holding Corporation (NYSE: PUMP), and Solaris Oilfield Infrastructure (NYSE: SOI).Valvoline (NYSE: VVV)Valvoline (NYSE: VVV) is a $3.641 billion company today with a one-year return of 3.78%. Let's look at its price-to-earnings (P/E) ratio, its ente...Read More
The price of oil took a one-two punch during the first two months of 2020, falling almost 26% year to date.And trading at just over $45 per barrel right now (a 14-month low), crude is a screaming buy.The first factor that sent oil plunging beginning this year was an expected oversupply. Late in 2019, the IEA said global crude inventories were expected to rise regardless of deals between OPEC and i...Read More
The Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) have signed a memorandum of understanding (MOU) with the Brazilian Mining Association (IBRAM) that seeks to increase investment in the Brazilian mining sector over the coming years.The signing of the MOU, which coincided with the Prospectors and Developers Association of Canada convention, is expected to open up opportunities for exp...Read More
Developer Wallbridge Mining (TSX: WM) has announced plans to acquire explorer Balmoral Resources (TSX: BAR) in an all-share deal worth $110 million, consolidating the Fenelon gold property, within the Abitibi greenstone belt, to 86 square kilometres."The combination of our two companies creates an entity with a solid balance sheet; a diverse yet focused project portfolio; a motivated management g...Read More
Alrosa, the world's top diamond miner by volume, is betting on a new strategy to boost its sales amid an industry-wide slowdown that has hit small companies the hardest.The Russian state-owned company is now selling naturally occurring fluorescent diamonds mixed with others. At the same time, it's holding talks with global jewellery retailers about jointly marketing its "Luminous Diamonds" brand,...Read More
A day after its shares started trading on the TSX Venture Exchange, Canada Nickel Company (TSXV: CNC) released a maiden resource estimate for the wholly-owned Crawford nickel-cobalt sulphide project near Timmins, Ontario.The resource features 600.4 million tonnes in the measured and indicated category grading 0.25% nickel and 0.013% cobalt for a total of 1.53 million tonnes nickel and 78,000 tonne...Read More
Rockcliff Metals (CSE: RCLF) has released resource updates for the Tower and Talbot volcanogenic massive sulphide (VMS) deposits within the Flin Flon-Snow Lake greenstone belt in Manitoba.At its wholly-owned Tower property, indicated resources are now at 1 million tonnes grading 5.74% copper-equivalent for a total of 129.8 million lb. copper-equivalent, with additional inferred resources of 367,00...Read More
AJN Resources (TSXV: AJN) has dropped plans to acquire 10% of the Kibali gold mine in the Democratic Republic of Congo from state-owned Soci?(C)t?(C) Mini??re de Kilo-Moto (SOKIMO), after facing stern opposition from Barrick Gold (TSX: ABX; NYSE: GOLD), the mine's operator.Barrick and AngloGold Ashanti, which each own 45% of Kibali, said SOKIMO had not consulted nor informed them about the transac...Read More
Share this articleTORONTO - Ontario has signed agreements with two Indigenous communities in a move the government says is a step forward in its plans to build road access to the Ring of Fire region.Premier Doug Ford announced the new deals with the Marten Falls First Nation and Webequie First Nation at a mining conference in Toronto on Monday.The previous Liberal government had signed deals wi...Read More
Share this articleOTTAWA - Canada is making off-road electric vehicles and automotive equipment eligible for immediate tax writeoffs in a bid to encourage Canadian companies to buy them, Prime Minister Justin Trudeau said Monday.Trudeau was in Toronto speaking at the Prospectors and Developers Association of Canada conference, where he lauded the mining sector's efforts to protect the environment....Read More
Last year was the busiest year for mergers and acquisitions in the precious metals sector since 2010, Catherine Raw, the executive responsible for Barrick Gold's (TSX: ABX; NYSE: GOLD) North America region, told a luncheon at the Prospectors & Developers Association in Toronto on Mar. 2.Over the last eighteen months, the market has witnessed the $5 billion merger of Randgold Resources and Barrick...Read More