Share this articleVANCOUVER - Teck Resources Ltd. is warning that it will take an impairment charge of about $1.13 billion if the federal government decides not to approve its Frontier oilsands mining project.A decision on the $20.6-billion, 260,000-barrel-per-day project, which is expected to produce about four million tonnes of greenhouse gas emissions per year over 40 years, is expected befor...Read More
Today is Friday, February 21, 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 $1,645.35. It's up 1.57% from yesterday and up 24...Read More
Today is Friday, February 21, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Alliance Resource Partners LP (NASDAQ: ARLP), CNX Resources Corporation (NYSE: CNX), and VAALCO Energy (NYSE: EGY).Alliance Resource Partners LP (NASDAQ: ARLP)Alliance Resource Partners LP (NASDAQ: ARLP) is a $963.29 million company today with a one-year return of -61.09%. Let...Read More
Today we breach into a topic that no one on Wall Street or in the mainstream financial media wants discussed. It's almost taboo to even mention. That's because it's something that's collectively worth billions of dollars to the fat cats on Main Street and in the media.Your understanding of this could mean deeply cutting into the bottom line for some and crippling the ability to operate for others....Read More
Looking to stem losses driven by high-cost operations, New Gold (TSX: NGD; NYSE-AM: NGD) recently tabled revamped life-of-mine plans for its Rainy River and New Afton mines focused on improving the bottom line and boosting profitability.The mine plan update was released along with the company's 2019 results that showed a US$74 million loss for the year or 12 ? per share. Although New Gold hit its...Read More
Coeur Mining (NYSE: CDE), the largest U.S.-based primary silver producer, is temporarily halting operations at its Silvertip silver-zinc-lead mine, located in Canada's northern British Columbia, due mainly to low prices for lead and zinc.The decision caused Coeur to book a US$251 million impairment charge on the underperforming asset, acquired from private investor Denham Capital in 2017 for up to...Read More
IsoEnergy Ltd. (TSXV: ISO; OTCQX: ISENF) has just announced fantastic results from their current drill program, at their high-grade, Hurricane Zone uranium discovery, on the Larocque East property, located in the Eastern Athabasca Basin in Saskatchewan, Canada. Two drill holes intersected massive pitchblende areas measuring >65,000CPS (off-scale on the RS-125), which will translate into very high-...Read More
The S&P/TSX Venture Composite Index fell 2.14% to 582.67 and gold finished the week at US$1,643.00 per oz., up US$59.40 per ounce.Drill results from the Kora North Extension of its Kainantu gold mine in Papua New Guinea sent K92 Mining's shares up $0.37 to $4.38. Results from 25 diamond drill holes completed from surface and underground into the Kora North deposit included drill hole 0167, which i...Read More
With the coronavirus epidemic and trade tensions clouding the economic outlook, the Dow Jones Industrial Average fell 1.38% to 28,992.41 and the S&P 500 dropped 1.26% to 3,337.75. Safe haven assets like gold continued to attract investors, and the price of gold climbed to a seven-year high, ending the week at US$1,643.00 per oz., a US$59.40 per oz. increase for a weekly gain of 3.75%.Shares of Agn...Read More
The blockade of rail traffic across Canada due to a disputed gas pipeline and fears about the impact the coronavirus is having on the global economy, sent the S&P/TSX Composite Index down 0.03% to 17,843.50. Uncertainty sent the price of gold up US$59.40 per oz. or 3.75%, to finish the trading week at US$1,643.00 per oz., and the S&P/TSX Global Gold Index surged 8.69% to 282.93. The S&P/TSX Global...Read More
The writedown was mostly related to its stake in the active Fort Hills oil sands mine in landlocked Alberta, while the company warned of another potential $1.13 billion future writedown should its $20.6 billion Frontier project not receive federal permitting expected by next week.The company wrote off C$910 million on Fort Hills related to lower market expectations for future Canadi...Read More
For the past year, I've been extolling the benefits of facial recognition technology.Simply put, it's coming whether you like it or not...And really, you should like it.I know there are concerns, and they're valid.No one wants to live in a dystopian society where every individual is tracked and followed.But that's not what this is.What we're talking about is a technology that when deployed properl...Read More
"California is no longer a strategic consideration. It's a tactical consideration,'' said strategist Mike Madrid.Read full newsRead More
RambusJust a quick update on the Yen / PM combo we've been following. Today the yen is moving lower in its new impulse move to the downside doing away with the positive correlation it used to have with the PM complex. While the yen is moving lower more PM stock indexes are breaking out to the upside. I just wanted to post this combo chart early so you can follow the breaking out and the backtest...Read More
- Steve St. Angelo, SRSrocco Report According to a precious metals dealer I spoke with, the world out on the street is that demand for gold and silver has recently surged due to investor concerns about a disruption to the Global Supply Chain. We are already seeing a massive slowdown in China's oil demand as official reports show a 20% reduction in oil consumption. However, I believe China'...Read More
By: Ira EpsteinGold Market: higher highs ad higher lows short-term. What resistance exists above? Markets in general are looking at the "what if" scenarios..Read More
One needs to keep on booking profit as long as gold does not break $1633.80 and silver does not break $1882.90. There is a big technical resistance between $1633.80-$1648.50 and $1663.30. For gold to rise to $1900-$2000 for the rest of the year, it has to break and trade over $1633.80-$1648.50-$1663.30 zone. Why am writing this? This is always a slip between the cup and the lip. The Lip here is...Read More
CANEX Metals Inc. announces results for 41 rock samples and 15 reconnaissance soil samples from their Gold Range Property.Read full newsRead More
Here is what's new today on INK Ultra Money. Canadian Insider Club Ultra members have access to both premium and free content. If you are asked to sign in, select Canadian Insider as your subscription website.1. Managing eighty billion dollars worth of risk - Real VisionWith a record number of pension funds underfunded, the notion of having an "overfunded pension" can sound impossible. And yet th...Read More
Blue Thunder Mining Inc. (TSXV:BLUE) is pleased to announce that it has signed a Letter of Intent (Read full newsRead More