Share this articleMONTREAL - Gold miner Semafo Inc. says work at its Boungou processing plant in Burkina Faso has restarted after a deadly attack against its workers halted operations last year.Gunmen attacked a bus convoy of 241 workers on the road to the gold mine in November last year, killing 39 people and injuring at least 60 others.Semafo says that as part of its phased plan, employees and c...Read More
Today is Thursday, February 6, 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 $1,566.05. It's up 0.63% from yesterday and up 1...Read More
Share this articleVANCOUVER - Shares in Teck Resources Ltd. fell by as much as 3.2 per cent after it warned sales of steelmaking coal in the current quarter are down due to bad weather in British Columbia.Its stock fell as low as $18.40 in trading in Toronto on Thursday, down from their $19.01 close on Wednesday. They set a 52-week high of $34.32 last April.The Vancouver-based miner says rail a...Read More
Share this articleGreat Atlantic Resources Corp. [GR-TSXV] is pleased to announce it has received analytical results for the first three drill holes completed during the 2019 Phase 1 diamond drilling program at its Golden Promise Gold Property, located within the central Newfoundland gold belt. The drilling program was conducted at the Jaclyn Main Zone, a gold-bearing quartz vein system. All thre...Read More
Today is Thursday, February 6, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Dorchester Minerals LP (NASDAQ: DMLP), Comstock Resources (NYSE: CRK), and Flotek Industries (NYSE: FTK).Dorchester Minerals LP (NASDAQ: DMLP)Dorchester Minerals LP (NASDAQ: DMLP) is a $580.54 million company today with a one-year return of -2.85%. Let's look at its price-to-...Read More
$962.86!!!That's what Tesla (NASDAQ: TSLA) was trading at on February 4, 2020.I couldn't believe it.When I first started writing about Tesla, back before it was even a public company, I never could've imagined that the stock would steadily climb more than 4,700% within such a short amount of time.Of course, some would argue that nine years is not a short amount of time. But a CAGR of roughly 50% i...Read More
Lucara Diamond (TSX: LUC) has recovered a 549 carat diamond from its Karowe mine in Botswana.The mine - one of the world's most prolific producers of large and high-value type IIA diamonds - is the only diamond mine in recorded history to have produced two stones greater than 1,000 carats.Lucara said the unbroken 549 carat white diamond is the fourth-largest diamond found at Karowe and the first l...Read More
Malaysia is set to begin issuing bauxite mining licenses in early 2020, four years after it imposed a ban in response to environmental concerns.The Southeast Asian nation produced very little bauxite prior to 2014, but when Indonesia, China's biggest supplier, imposed a ban on exports of unprocessed minerals in January 2014, China turned to Malaysia to fill the bauxite gap.At the time, Indonesia w...Read More
WoodMac's best case scenario is that demand from this sector would be delayed to later this year. "As a result, we believe that there is now a significant downside risk to our forecast of 0.Read More
$5.7 billion...That's how much money Tesla (NASDAQ: TSLA) short sellers lost in just two days.To put that in perspective, that is more money than the Dallas Cowboys - America's most valuable sports team - are worth.On Monday, people betting against the electric car giant lost $3.1 billion. That same day, Elon Musk, the charismatic CEO of the company, made himself $4.4 billion.Tuesday was like a la...Read More
Adamera Minerals (TSXV:ADZ, OTC:DDNFF) Begins 2020 with Renewed OptimismRead full newsRead More
By: David HaggithHaving predicted last year that a recession would begin in the summer of 2019 and that it would likely start with a major repo crisis, I am now proven wrong by 2019's fourth-quarter GDP. If the repo crisis that started in the final week of summer had actually been the start of a recession, we would have seen fourth-quarter GDP go negative. Instead, it came in at 2.1% growth.I fi...Read More
Jordan Roy-Byrne CMT, MFTALast week we noted that the risks in precious metals were primarily technical. Sentiment and technicals urge caution over the short-term. The net speculative position in Gold has remained high for months while the 21-day daily sentiment index (DSI) hit 81%. Since the sector peak five months ago, Silver and the gold stocks have corrected in price while Gold has made a...Read More
BEIJING - China's copper smelters will reduce output by more than 15% in February from last month due to the coronavirus outbreak, research house Antaike said, warning zinc production c...Read full newsRead More
BEIJING - China's copper smelters will reduce output by more than 15% in February from last month due to the coronavirus outbreak, research house Antaike said, warning zinc production c...Read full newsRead More
Starcore International Mines announces start of surface exploration drilling program of 3000m on the Santa Elena target in Quer?(C)taro MexicoRead full newsRead More
Burkina Faso's gold production probably fell slightly last year due partly ...Read full newsRead More
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"#Nickel for the 21st Century - FPX Nickel Corp. Recent presentation by FPX's CEO Martin Turenne at the Vancouver Resource Investment Conferencehttps://t.co/Y95VR0Mg35"Read full newsRead More
Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM") today announced that it has signed commercial agreements to supply custom designed plant-based packaging with two US food producers who distribute throughout the United States. The Company estimates the agreements will deliver between $1.7 million to $2.0 million (Canadian dollars) in organic growth on an...Read More