Today is Tuesday, February 18, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of EQT Corporation (NYSE: EQT), HighPoint Resources Corporation (NYSE: HPR), and Clean Energy Fuels Corporation (NASDAQ: CLNE).EQT Corporation (NYSE: EQT)EQT Corporation (NYSE: EQT) is a $1.434 billion company today with a one-year return of -70.93%. Let's look at its price-to-e...Read More
Joseph Alois Schumpeter was an Austrian political economist from the first half of last century. He managed to escape WWII and get U.S. citizenship in 1939. As a Harvard professor, he preached against Marxism and FDR's New Deal and sponsored economists and others to get them out of Nazi Germany.His most famous book called Capitalism, Socialism, and Democracy sits on my bookshelf, well thumbed, its...Read More
Orocobre (TSX: ORL; ASX: ORL) owns 34.7% of Advantage Lithium's (TSXV: AAL; US-OTC: AVLIF) common shares, and the two companies are joint-venture partners on Advantage Lithium's Cauchari lithium project in northern Argentina's Jujuy province.Orocobre owns 25% of the Cauchari project and Advantage Lithium 75%, and the lithium project is just 20 km south of Orocobre's Olaroz lithium facility, which...Read More
Silver prices rose 30% from US$15.25 per oz. at the end of June 2019 to as high as US$19.75 per oz. by Sept. 4. The most important aspect of this was that the move was based on very little investment demand for physical silver.Traditionally, investors buying physical silver has been the single most important driver of silver prices. When investors were buying very little, or were actually net sell...Read More
This episode features excerpts from the Barrick Gold and Freeport-McMoRan conference calls. Barrick Gold CEO Mark Bristow discusses the focus on ESG as a 'strategic imperative', the company outlook, the dividend, and the gold market. Freeport-McMoRan CEO Richard C. Adkerson discusses the company's focus on ESG and safety, the copper market, and the latest news from its massive Grasberg project in...Read More
Catch a presentation on sensor-based sorting and more at the SRC Technology and Innovation Theatre at PDAC 2020. Learn more.It is well known that the crushing and grinding of ore consumes around 60% of a mine's operating and energy costs in addition to creating most of the greenhouse gas emissions. Advanced mining technologies such as sensor-based sorting have the potential to address the challen...Read More
Rio Tinto (NYSE: RIO; LSE: RIO) will build a US$98 million solar plant to power its Koodaideri iron ore mine in Western Australia, about 35 km northwest of the company's Yandicoogina mine.The 34 megawatt solar photovoltaic plant will supply all of the mine's electricity demand during peak solar power generation times and about 65% of the mine's average electricity demand.Rio Tinto will start build...Read More
Gold prices just soared through the $1,600-per-ounce level even with some strong manufacturing data being dropped on the markets this morning.All this comes on the heels of a great 2019 as well, at least the end of it.The beginning of 2019 saw gold at $1,281 per ounce. By the end of the year it was up to $1,509 per ounce - a 17.8% gain.Just a month later at the end of January 2020, it was up to $1...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index turned on the jets in impressive fashion and cut through the 1200 resistance level like butter. The Index finished the week up 19.71 points or 1.65% to close at 1212.32.MACD rose 3.54 points to 2.79. RSI rocketed up 12 points or 22% to 65.25.Suppo...Read More
Newrange Gold Corp. (TSXV:NRG, OTC:NRGOF, Frankfurt: 6C) recently completed and interpreted Induced Polarization and Resistivity (IP) survey at the Company's Pamlico Project in Nevada successfully generated several targets worthy of drill testing.Read full newsRead More
Gold prices on Monday held near a two-week high scaled in the previous session a...Read full newsRead More
Gold prices on Monday held near a two-week high scaled in the previous session a...Read full newsRead More
The winners of the Young Mining Professionals (YMP) awards this year are Ashley Kirwan of Orix Geoscience and David Cataford of Champion Iron (TSX: CIA).The YMP awards, presented in association with The Northern Miner, recognize two mining professionals under the age of forty who have demonstrated exceptional leadership skills and innovative thinking and provided value to their companies and share...Read More
North American markets are closed for public holidays today.Base metals all finished the week lower on the London Metal Exchange."The entire complex finishes in the red in part due a build-up in exchange inventories in Shanghai," Marex Spectron's Dee Perera said.She said copper inventories in the Shanghai Futures Exchange warehouses jumped 27%, to levels not seen since March 2019.Gold is on the ri...Read More
As far as this analyst is concerned, there are two major problems with mining stocks.The first is the dependence on a commodity that nobody can predict, never mind control. There are a million things that can impact the price of gold, copper, or iron ore. General economic demand can sink a commodity, but so can a big, new mine putting the supply-and-demand curves all out of whack. None of this is...Read More
Barrick Gold (TSX:ABX)(NYSE:GOLD) has enjoyed a nice rally since the middle of last year and investors are wondering if the bounce is the beginning of an extended recovery.Let’s take a look at the current situation in the gold market and try to decide whether this might a good time to add Barrick Gold to your portfolio.Global uncertaintyGold is widely viewed as a safe haven asset and cash of...Read More
Blockchain image from Pixabay. Glasgow-based start-up Hypervine, announced Monday the start of a project, co-funded by the European Space Agency (ESA), to develop services using space-based data to improve efficiencies for extractive industries.Hypervine, through its blockchain ledger, enablessatellite-sourced information to guarantee accuracy, so quarry companies gainbetter oversight of their...Read More
BHP's Escondida mine is the world's largest copper producer located in Northern Chile. (Image courtesy of BHP) BHP (NYSE, ASX, LON: BHP) the world's biggest miner, released results for the second half of 2019 on Monday, announcing an interim dividend for shareholders of 65 cents per share - its second-highest on record. The declared dividend is 10 cents higher than last year, but lower than th...Read More
Mine trucks at Newmont's Porcupine mines. (Image courtesy of Newmont Goldcorp | Flickr) Colorado-based gold miner Newmont (NYSE: NEM, TSX: NGT) has reported gold mineral reserves of 100.2 million attributable ounces for 2019, the largest ever in company history. This represents a 53% increase over the 65.4 million ounces recorded in 2018 following the completion of two major transactions and thr...Read More
While that is just 2% higher than the first half of 2019, the company said its underlying earnings were up 12% to A$28 million, while its available cash was up 24% to $25.5 million.Read More