Stock image. Royal Helium (TSXV: RHC) closed on Thursday its oversubscribed private placement first announced in June. Royal raised proceeds of C$1 million through the issuance of 20,000,000 units at a price of $0.05 per unit.Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at a...Read More
Alacer Gold's Copler gold mine in east-central Turkey. Alacer and SSR Mining announced an at-market merger of equals in May 2020. Credit: Alacer Gold. The total transaction value of mergers and acquisitions in the second quarter of the year reached $2.86 billion in twelve deals, with Chinese buyers acquiring gold assets and smaller companies joining forces to become mid-tier producers, the Bank o...Read More
(Reference image courtesy of Great Thunder Gold). Haywood Securities has raised its gold price forecast for the second half of 2020 from $1,650 per oz. to $1,800 per oz.Next year the broker-dealer believes gold will average $1,700 per oz., up from its earlier forecast of $1,600 per oz., while 2022 should see the precious metal average $1,650 per oz., up from an earlier estimate of $1,550 per oz."...Read More
MINING.COM MINUTE is a roundup of the biggest stories from the global mining and metals industry.This week's top stories:Gates, Bezos-backed firm searching for cobalt in Canada - Read moreGold price builds base above $1,800 with record in sight - Read moreMonster rally adds $250 billion to global top 50 mining companies - Read moreIn copper country, they're using the metal to fight virus - Read m...Read More
NOA is a compelling opportunity for value investors with a longer-term time horizon to own a wealth-generating company which can be bought today near its tangible book value.North American Construction Group has seen some success from its initiatives into coal in Texas and Wyoming.Although stocks have recovered much of the lost ground from their worst lows in March, PI Financial analyst Devin Schi...Read More
The company is undertaking a placement to raise $100 million and will seek to raise an additional $20 million via a share purchase plan. The issue price for both offers is $1 a share, a 10.Read More
Today is Thursday, July 9, 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 $1,803.00. It's down -0.77% from yesterday and up 29...Read More
Today is Thursday, July 9, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of QEP Resources (NYSE: QEP), CONSOL Energy (NYSE: CEIX), and Penn Virginia Corporation (NASDAQ: PVAC).QEP Resources (NYSE: QEP)QEP Resources (NYSE: QEP) is a $285.78 million company today with a one-year return of -82.34%. Let's look at its price-to-earnings (P/E) ratio, its enterp...Read More
If Biden wins, we're screwed!That's what my cousin told me last weekend, while we were having one of our obligatory drunken debates online. I wasn't actually drunk though, as I'm partial to cannabis. But he throws back the tequila like a Mexican biker.In any event, while I love my cousin, we are pretty far apart on politics.He's a lifelong conservative republican while I'm loyal to no party, alth...Read More
Endeavour Silver (TSX: EDR; NYSE: EXK) took a significant hit to production in the three months to the end of June, as operations were halted for two months to comply with the Mexican government's efforts to halt the spread of the coronavirus.During the quarter, the Vancouver-based precious metal miner churned out 596,545 oz. silver and 5,817 gold oz., for silver equivalent production of 1.06 mill...Read More
The total transaction value of mergers and acquisitions in the second quarter of the year reached US$2.86 billion in twelve deals, with Chinese buyers acquiring gold assets and smaller companies joining forces to become mid-tier producers, Bank of America Securities says in a new report.The investment bank notes that the 12 transactions represented the highest quarterly total since the fourth quar...Read More
Haywood Securities has raised its gold price forecast for the second half of 2020 from US$1,650 per oz. to US$1,800 per ounce.Next year, the broker-dealer predicts gold will average US$1,700 per oz., up from its earlier forecast of US$1,600 per oz., while 2022 should see the precious metal average US$1,650 per oz., up from an earlier estimate of US$1,550 per ounce."We maintain our view that gold i...Read More
Antofagasta's (LSE: ANTO) Twin Metals Minnesota has received formal notice that its planned copper-nickel-cobalt-platinum metals mine will be assessed through a federal environmental review. The U.S. government's Bureau of Land Management (BLM) notified the company at the end of June of its intention to scope and prepare an Environmental Impact Statement (EIS) for the proposed mine project in Minn...Read More
Chirundu includes the Njame and Gwabe deposits, which were included in GoviEx's 2017 preliminary economic assessment for its Mutanga uranium project.GoviEx said due to the smaller scale and higher-cost nature of the Gwabe and Njame deposits, they were scheduled to be mined in the later stages and as a result, "the exclusion of these deposits from the mine plan is believed to have a low to no impac...Read More
With the first half of 2020 officially in the books, I thought I'd look ahead and try to figure out what the second half might bring. What looks good? What doesn't?Well, regretfully, I've come to find that quite a lot looks bad. To put it bluntly, stocks are in a bubble. As of June 30, the market posted its best 100-day period in more than 80 years, going back to 1938, according to Bespoke Inve...Read More
The Digital Mine of the Future in Canada - Calin Miculescu, P.Eng, Director, Sales, NokiaRead More
TMX Group - Facilitating ESG DisclosureRead More
First Mining is beginning to make waves on international equity marketsRead full newsRead More
A rapid-fire succession of setbacks for big energy pipelines in the United States this week has revealed an uncomfortable truth for the oil and gas industry: environmental activists and landowners opposed to projects have become good at blocking them in court.Read full newsRead More
By Hubert Moolman During the 70s bull market, gold went from $35 to $195 in the first phase. That was a 458% increase. The first phase of the current bull market took gold from $252 to $1920, which made for a 661% increase. At first glance, it would appear that the current bull market outperformed the 70s one. However, it only took about five years (1970 to 1975) to get the 458% increase, co...Read More