Premier Gold Mines' Mercedes mine in Mexico, its silver stream is currently held by Orion Credit: Premier Gold Mines Newly launched royalty company Nomad has entered into purchase agreements worth $268 million with Orion Resource Partners and $65 million with Yamana Gold (TSE: YRI) to acquire portfolios of royalty, stream and gold loan assets."Together with our partners, Orion and Yamana,...Read More
The following article was published in 2015 on this site.....note that the cycle performed as a cycle had forecast (and we hoped). It certainly was deadly accurate wasn't it? That cycle never said just to "load up" and "watch the gold stocks rocket up" to everyone's benefit and fortune. Rather it was a sign to carefully accumulate metals stocks that were well researched and to "dollar cost average...Read More
The Dow Jones Industrial Average lost more than 1,000 points as it closed down 3.6% yesterday while the S&P 500 fell 3.35%.The FTSE100 lost a similar amount in London, down 3.34%, the S&P/TSX Composite Index lost 1.6% and Australia's S&P/ASX200 fell 2.3%."For the moment, we are not witnessing the uncontained global spread of this coronavirus, and we are not witnessing large-scale sever...Read More
The iron ore price (62% Fe CFR China) stood at US$86.42 on Monday morning, up 10.3% from its low of US$78.33 on February 3.RBC said steel inventories were now 42% higher than they had been historically at this time of year."With blast furnaces unable to effectively curtail production, and with what appears to be a slower restart to economic activity than we perhaps thought a couple of weeks ago, t...Read More
Hinda Gharbi and Jennifer Nason will join the board from March 1, while Ngaire Woods CBE will join on September 1.Gharbi, who has dual Australian-Tunisian nationality, is executive vice president of reservoir and infrastructure at Schlumberger.Adelaide-born Nason is a global chair at JP Morgan, based in New York.Dual New Zealand and British citizen Woods, a professor of global economic governance...Read More
A modest improvement in results for miners within the Responsible Mining Index for 2020 has been tarnished by an underlying impression of ‘sustainability washing', according to the Suisse-based Responsible Mining Foundation.The index, which covers 38 major mining groups and 28% of the world's production across 45 countries, takes an evidence-based approached to reviewing economic, environmen...Read More
Share this articleVANCOUVER - Tensions over Indigenous rights, climate change and resource development that have escalated recently with the rail blockades helped push Teck Resources Ltd. to shelve its massive oilsands project, company CEO Don Lindsay said Monday."Literally over the past few days, it has become increasingly clear that there is no constructive path forward," he said, speaking...Read More
Share this articleVANCOUVER - Shares in Teck Resources Ltd. are trading down four per cent after the company said it had withdrawn its application for a massive oilsands mining project citing uncertainty over climate policies.The Vancouver-based company said it will take a $1.13-billion writedown on the Frontier project in Alberta, which was expected to create thousands of jobs but was also pr...Read More
This is a continuation of an article we published on Friday. To read the first part, click here. But here is a very brief summary:Both optimistic and pessimistic hype is rampant in investment markets and mainstream media. And if you're not careful, buying into this hype can cost you dearly.Last week, we defined market hype as the intentional and aggressive promotion of a stock or sector with exagg...Read More
Rising gold prices and better operational and financial discipline are motivating companies more than ever to seek new ounces to fill their production pipelines. Below is a look at eight companies exploring worldwide. Aurania ResourcesStones from a road found in the Lost Cities-Cutucu Project in southeastern Ecuador. Credit: Aurania Resources/Twitter.Aurania Resources (TSXV: ARU) is exploring its...Read More
Teck Resources (TSX: TECK.B; NYSE:TCK) has officially withdrawn its application to build the C$20.6-billion (US$15.7 billion) Frontier oil sands mine, just days before the Canadian government was slated to make a decision on the 260,000-barrel-per-day project in northern Alberta.Canada's largest diversified miner will take a C$1.13-billion (US$852.12 million) write-down on the project, which it sa...Read More
Every major media and financial outlet blamed today's market sell-off on spreading coronavirus fears. Too bad it's bullshit.Let's take a look at some of today's headlines:"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 Can Still Get Wor...Read More
Azuay prefect and anti-mining protestor Yaku Perez submitted the request as he believes mining projects pose a threat to water sources and the environment.Read More
More than 80,000 cases - and over 2,600 deaths - of COVID-19 (coronavirus) have been confirmed and worries about the virus becoming a global pandemic have governments around the world scrambling to come up with solutions to mitigate the economic impact of the virus.While it appears that efforts in China are starting to bear fruit, new outbreaks in over 30 countries including Italy, the Middle East...Read More
Triumph Gold's Freegold Mountain project is located in the Dawson Range and covers a highly prospective section of the Big ...Read More
Kirkland bumped 2020 spending to $500 million compared with $245 million previously and said production at Detour in Ontario would drop to 530,000 ounces from 601,000 ounces last year. However, the company pointed toward weaker production at the newly acquired Detour mine this year and cut the reserve grade at its flagship Fosterville underground mine in...Read full newsRead More
"We are delighted to welcome @AusVanadium to the stage on 23rd Marchin front of over 250 investors. #AustralianVanadiumis an emerging vanadium producer developing the high-grade Australian Vanadium Project in Western Australia. See them in action: https://t.co/9KSR6e1UiX"Read full newsRead More
By: Ira EpsteinIt all came in to roost today (Friday). Traders are spooked, who are buying gold. Trading at the upper Bollinger band on the monthly gold chart. The highest close in years..Read More
By Gary SavageGold strategies being used again from the past, they do not work. It will fail miserably and cost traders a lot of money..Video Published February 20, 2020http://blog.smartmoneytrackerpremium.com/Read More
Clive MaundIf you are wondering why gold is starting to accelerate away to the upside, you need look no farther than the following amazing chart forwarded to me by reader Larry Fike, which Larry has kindly given me permission to reproduce in this update...Click on chart to popup a larger, clearer version.Chart courtesy of Larry FikeThe chart speaks for itself and requires little additional comme...Read More