Tough times don’t last; tough people do. It’s a cliché, but it is a true cliché. Certain sectors are seeing a slowdown across the world. Factor in the threats of Coronavirus, and it looks like we are in for a scary situation for the next couple of months, at least. During times like these, it is best to avoid stocks and sectors that are not doing so well right now, such a...Read More
1. The US stock market is in "sleigh ride" mode against gold stocks.2. Please click here now. Double-click to enlarge this chart. Yesterday was another day of disappointment, fear, and outright terror... for most investors who are locked in the Dow versus GDX sled.3. The disintegration of the US stock market against GDX began long before Corona started, and it will likely continu...Read More
Gold prices have been rallying for the last more than six months amid volatile broader markets. Its continued rally will benefit gold miner stocks for two main reasons. Their direct correlation with the yellow metal prices and improved earnings due to realized gold prices. We will take a closer look at two top miner stocks, Kirkland Lake Gold (TSX:KL)(NYSE:KL) and Kinross Gold (TSX:K)(NYSE:KGC).So...Read More
Labrador Iron Ore Royalty (TSX:LIF) has been on my watch list since 2016, as it reached a low of $7.17 per share during a time where iron ore prices were struggling at $36 per tonne. After 2016, the iron ore price has skyrocketed, hitting a high of $120 per tonne in 2019! The price of iron ore is important for the company, as it directly correlates the amount of revenue it receives.While being cor...Read More
It’s finally happened. After shrugging off coronavirus and railway blockade fears for weeks now, the Toronto Stock Exchange looks to be in the midst of a major sell-off.I doubt the carnage will be over in the next couple of days, either. I still think many investors are underestimating the potential economic impact from this devastating disease. A significant slowdown coming out of China cou...Read More
No more haze. The global energy storage market is expected to balloon over the next 15 years, according to a report released by Lux Research."The energy storage industry is poised for a massive increase in annual revenue and deployment capacity as key innovative technologies, such as solid-state batteries and flow batteries, reach commercialization," said analyst Chloe Holzinger, one of the repor...Read More
The Almaden project is Located 140 km north of Boise, Idaho, pictured here. (Wikimedia Commons) GoldMining (TSE: GOLD) has agreed to buy the Almaden (TSE: AMM) gold project in west-central Idaho from Sailfish Royalty for $1.2 million in cash and shares.Located 140 km north of Boise, the Almaden project is a historic, resource-stage property with 70,234 metres (934 holes) of drilling. It hosts ou...Read More
Corvus Mother Lode Project in Nevada (Credit: Corvus) Infill drilling at Corvus Gold's (TSE: KOR) Mother Lode deposit in Nevada has intercepted higher-grade and broader than expected mineralization.Highlights include 88.4 metres of 1.92 g/t gold and 56.4 metres of 1.92 g/t gold: both of these holes targeted areas with limited drill data, intersecting better grades and geometries than suggested...Read More
Rio Tinto and the Society for Mining, Metallurgy & Exploration announced a multiyear partnership during the SME's Conference & Expo in Phoenix, Arizona. (Credit: Rio Tinto) Rio Tinto and the Society for Mining, Metallurgy & Exploration (SME) signed a multiyear partnership that will provide professional development opportunities to Rio Tinto employees. The announcement came at SME's Annual Confere...Read More
SourceOne screenshot (Credit: Eclipse) Mining technology provider Eclipse Mining Technologies has announced the launch of SourceOne, its flagship product. SourceOne features a collaborative platform to connect data from different sources as well as a datahub to store historical and contextual data, making it suitable for analytics and use of advanced technology like artificial intelligence and...Read More
Shares in Firestone have plummeted from 56.5p in November 2016 to just 0.30p on Tuesday, as lower than expected diamond prices saw the company struggle to pay down debt.Read More
The A3c/share interim dividend was declared after the drilling business generated $7 million in operating cashflow from group revenue that increased 8% to $81.5 million.Read More
Share this articleTORONTO - Ontario Teachers' Pension Plan has signed a US$300-million deal investment deal with New Gold Inc.Under the agreement, the pension fund will acquire a 46 per cent free cash flow interest in the New Afton gold-and-copper mine.Ontario Teachers' has an option to convert the interest into a 46 per cent joint venture interest after four years or have their investment remai...Read More
This episode features excerpts from Cameco's Feb. 7, 2020, conference call. Cameco president and CEO Tim Gitzel discusses the fundamentals of the uranium market, spot market purchases, vision and strategy, ESG, the company's tax dispute with the CRA, and supply risk in the uranium market.All this and more with online editor and host Adrian Pocobelli.Music Credits:"Rattlesnake Railroad", "Big Weste...Read More
For the first time in a decade, there are no Canadian jurisdictions in the Fraser Institute's top 10 investment destinations, based on the 2019 annual survey of mining and exploration companies.Saskatchewan continues to be the most attractive Canadian investment jurisdiction, coming in at number 11, followed by Ontario, Quebec and B.C., ranked 16, 18 and 19, respectively. The institute's top-rank...Read More
Infill drilling at Corvus Gold's (TSX: KOR) Mother Lode deposit has intercepted high-grade mineralization over a broad area.Highlights include 88.4 metres of 1.92 grams gold per tonne and 56.4 metres of 1.92 grams gold: both of these holes targeted areas with limited drill data, intersecting better grades and geometries than suggested by the current resource model. The drill holes also expanded t...Read More
GoldMining (TSX: GOLD; US-OTC: GLDLF) has agreed to buy the Almaden gold project in west-central Idaho from Sailfish Royalty Corp. for $1.2 million in cash and shares.Located 140 km north of Boise, the Almaden project is a historic, resource-stage property with 70,234 metres (934 holes) of drilling. It hosts outcropping, low-sulphidation epithermal gold mineralization similar to Integra Resources'...Read More
Yesterday, the market sold off 1,000 points based on coronavirus fears, though I think it might have more to do with Bernie "Free Stuff" Sanders being the front-runner for the Democratic primary.Of course, neither of these are the real reason for the sell-off. The reason is that the market got ahead of itself after jumping 30% last year and starting 2020 strong. Pundits give reasons for sell-offs...Read More
Silver producer Excellon Resources (TSX: EXN) has announced plans to acquire developer Otis Gold (TSXV: OOO) in an all-share deal worth an estimated $32.3 million, based on recent closing stock prices.Excellon's main producing asset is the high-grade underground silver-lead-zinc Platosa mine in Mexico, whereas Otis holds the Kilgore gold project in Idaho. Based on a share exchange ratio of 0.23...Read More
After yesterday's 1,000-point drop in the Dow - which is strange to think of as only 3% - and today's drop looking like it'll settle around 750 to 800, we are in a tough place.But we aren't in completely uncharted territory.You can find plenty of articles around comparing the current coronavirus outbreak to past outbreaks, and I'd bet there are more of them than you'd remember.Here is a handy cond...Read More