NORTH BAY- The government of Ontario is supporting five manufacturing companies in Northern Ontario by providing $1.5 million through the Northern Ontario Heritage Fund Corporation (NOHFC) and creating 16 jobs.Today, Vic Fedeli, MPP for Nipissing, on behalf of Greg Rickford, Minister of Energy, Northern Development and Mines, announced funding for the following projects: $359,341 for North Bay Pl...Read More
Clinical studies are underway. How we treat them moving forward matters.Read full newsRead More
Gold miners have largely been boosting dividends to appease long-suffering share...Read full newsRead More
Image courtesy of Eric Schrader on Flickr The International Copper Association (ICA) has announced its creation of the 'Copper Mark,' a global standard to ensure responsible production and trading of copper. The ICA's more than 500 global program partners bring together the copper industry to develop and defend markets for copper and to make a contribution to society's sustainable-development...Read More
Following the recent sharp oil price falls, the risks to the price outlook have now shifted dramatically to the upside. (File image) The impact of the coronavirus has sent shockwaves across the oil market, says Oxford Economics, an independent global advisory firm. In its latest publication, Oxford has lowered its year-over-year global demand growth forecast in 2020 to 0.72 mb/d from 1.09 mb/d pr...Read More
Before their recent surge on gold regaining $1600, the gold stocks spent much of the past half-year or so largely drifting sideways to lower. That high consolidation really weighed on sentiment, with greed giving way to apathy. This sector normally tends to suffer a seasonal slump into mid-March, paving the way for gold stocks' spring rally. That's their second-strongest seasonal surge of the year...Read More
Kirkland Lake Gold (TSX:KL)(NYSE:KL) is one of my favourite gold stocks of all time.At the start of 2019, I’d highlighted a hidden cash flow opportunity that the market was ignoring. “There’s a secret ingredient that few investors are talking about, but it has the potential to scale massive amounts of free cash flow from rising profits,” I wrote.I’d concluded that 201...Read More
El Salvador mining camp. (Image courtesy of Codelco via Flickr) Codelco has received an environmental permit for a $1 billion expansion of its Salvador mine, the state-controlled copper company said on Friday.The Rajo Inca project will increase production at Salvador to 90,000 metric tonnes per year of copper, up around 30% from current levels.Reserves at the underground operation at Salvador ar...Read More
The West Kenya project has received about $55 million in exploration investment. (Image courtesy of Shanta Gold | Twitter.) Shanta Gold (LSE: SHG) released on Friday its final results for 2019, reporting revenue of $112.8 million, up from $103.8 million in 2018.The miner's focus remained on its flagship asset, the New Luika gold mine, in Southwest Tanzania, throughout the year, it said. The compa...Read More
Excavators dig rare earth on a field of Jiangxi Copper Corp's Sichuan branch in Chengdu, Sichuan Province of China. (Image by 62|Shutterstock) The impact of the coronavirus has been felt on a range of markets as well as the macroeconomic performance of the Chinese economy during early 2020. The rare earths industry has not been exempted from these factors, as many Chinese processing facilities...Read More
Palladium (Shutterstock Image) The gold price plunge on Friday hammered other precious metals as well, with palladium marking its worst performance since the 2008 financial crisis, down more than 10%.With stocks in free fall, investors usually turn to gold as a haven of last resort. On Friday, things got so bad that they had to cash in on the metal to cover losses in other markets, spurring its...Read More
The Amulsar gold project is located in the mountainous south of Armenia. The area is home to several endangered animal species. (Image courtesy of Lydian International) Lydian International made further progress in the proposed restart of its controversial Amulsar gold project this week, as the Administrative Court of Armenia has ruled in favor of the company and invalidated eight out of ten fin...Read More
Forrest bought 22.1 million shares on market between last Friday and yesterday. FMG shares peaked at $12.Read More
"We remain cautious if not outright bearish in the very near-term, expecting copper to trade down to US$5300/t, nickel down to $12,000/t, and iron ore down to $70/t," it said.Read More
Share this articleVANCOUVER - February 28- GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) has announced it is preparing and planning to submit an application for Phase 2 diamond drilling at its Golden Promise Gold Property, located within the central Newfoundland gold belt. The drilling is planned for 2020 at the Jaclyn Zone, specifically the Jaclyn Main Zone (JMZ) and along projected strike east of the...Read More
Share this articleOTTAWA - A human-rights lawsuit against a Canadian mining company can be heard in British Columbia, even though it involves events in Africa, the Supreme Court of Canada says.The high court ruled Friday against B.C.-based Nevsun Resources (TSX:NSU), which had argued the claim should not proceed because a Canadian court could not decide the legality of acts by foreign sta...Read More
Today is Friday, February 28, 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 $1,585.85. It's down -3.60% from yesterday and up...Read More
AbraPlata (TSX-V: ABRA) is focused on the Diablillos silver-gold property, located in the mining friendly province of Salta, Argentina, that holds 140 million silver-equivalent ounces or 1.7 million gold-equivalent ounces in indicated resource, with significant expansion potential. This is a very large advanced-stage project, with a robust initial open pit PEA, completed in 2018, and an ongoing dr...Read More
Today is Friday, February 28, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of DMC Global (NASDAQ: BOOM), Canadian Natural Resources (NYSE: CNQ), and Ovintiv (NYSE: OVV).DMC Global (NASDAQ: BOOM)DMC Global (NASDAQ: BOOM) is a $531.16 million company today with a one-year return of -25.07%. Let's look at its price-to-earnings (P/E) ratio, its enterprise-v...Read More
Every major media and financial outlet has been blaming this week's market sell-off on growing coronavirus fears.Too bad that's mostly BS.Let's take a look at some headlines from Monday:"Dow Industrials Close 1000 Points Lower as Coronavirus Cases Mount" - Wall Street Journal"U.S. Stocks Plunge as Coronavirus Crisis Spreads" - The New York Times"Coronavirus Is Cratering the Stock Market. Why It Ca...Read More