Dr. Mark O'Dea, founder of Oxygen Capital delivers his keynote presentation: "Right timing. Right place." to an absolutely full ...Read More
On Thursday, Canada's main stock index TSX registered a small increase on strong U.S. corporate earnings and improved risk appetite in the midst of ongoing threats from a coronavirus pandemic. Gold climbed to a near three-week high on Monday as growing concerns over the economic fallout of the coronavirus outbreak saw investors looking for safe havens. Spot gold was up 0.4% at $1,577.31 per ounce...Read More
The copper price declined again on Monday as markets in China, responsible for more than 50% of the world's copper consumption, reopened to deep losses after an extended halt to trading due to the coronavirus outbreak. Thirteen consecutive down days in New York saw copper for delivery in March pushed down 14% in value, last trading at $2.4875 a pound ($5,485 a tonne) on the Comex market in New Yor...Read More
Results from the most recent exploration release from the Cliff Creek South zone at Benchmark Metals' Lawyers project extended the total mineralized strike of the Cliff Creek area to over 1 km.Drill highlights include:102 metres of 1.44 g/t gold-equivalent;111 metres of 0.77 g/t gold-equivalent; and19.6 metres of 1.61 g/t gold-equivalent."The Cliff Creek South zone is providing the grade, consiste...Read More
Beartrack is a former producing gold mine located approximately 17 km northwest of Salmon, Idaho. Credit: Revival Gold Revival Gold (TSXV: RVG) has announced the results of an updated mineral resource estimate completed on the company's past-producing Beartrack-Arnett gold project located in Lemhi County, Idaho.The new Beartrack-Arnett resource outlines an indicated mineral resource of 36.4 milli...Read More
Teck's Fording River metallurgical coal operation in BC. Credit: Teck Resources. Teck Resources has announced that it aims to be carbon neutral across all its operations by 2050.The miner, a major producer of base metals and metallurgical coal that also has oilsands assets, says its goal demonstrates its commitment to support the transition to a low-carbon economy. The move also aligns with Paris...Read More
Moody's expects 2020 to be another exemplary year for the environmental, social and governance (ESG) bond market, with issuances expected to reach record levels.(Stock image.)The issuance of green, social andsustainability bonds, those where the proceeds will be exclusively applied toeligible environmental and/or community projects, are expected to climb24% to $400 billion in 2020 from a previou...Read More
China's central bank was set to inject 1.2 trillion yuan (US$174 billion) worth of liquidity into the markets via reverse repo operations today, Reuters reported. Market futures were mainly pointing lower and Australia's benchmark S&P/ASX 200 fell in morning trade. North American and European markets had closed lower on Friday and Australasian markets were mixed. The gold price...Read More
"We expect continued global economic uncertainty to pressure sales to users in 2020 and cause dealers to further reduce inventories," chairman and CEO Jim Umpleby said."We have improved our lead times and remain prepared to respond quickly to any positive or negative changes in customer demand."We will continue to invest in services and expanded offerings to advance our strategy for long-term prof...Read More
Share this articleThe Vancouver-based mining company proposing to build the massive Frontier oilsands mine in northeastern Alberta has set a target to be "carbon neutral" by 2050.Teck Resources Ltd., which is awaiting a decision from the federal government on Frontier, says it will try to achieve its goal by first avoiding creating emissions and then eliminating or minimizing them.It says it will...Read More
Today is Monday, February 3, 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 $1,576.15. It's down -0.85% from yesterday and up...Read More
Today is Monday, February 3, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Calumet Specialty Products Partners LP (NASDAQ: CLMT), HighPoint Resources Corporation (NYSE: HPR), and Clean Energy Fuels Corporation (NASDAQ: CLNE).Calumet Specialty Products Partners LP (NASDAQ: CLMT)Calumet Specialty Products Partners LP (NASDAQ: CLMT) is a $324.98 million...Read More
The Democratic Republic of the Congo is ostensibly making moves to control both the price and perception of cobalt.The Central African nation is planning to create a new state-owned corporation to buy cobalt mined from all "artisanal" operations.What is artisanal mining?Artisanal mining describes small-scale operations conducted by an individual or group independent of an organized company. But th...Read More
Revival Gold (TSXV: RVG; US-OTC: RVLGF) has released an updated resource for the 51-sq.-km Beartrack-Arnett project in Idaho with substantial growth in the inferred resource category.The latest estimate features updated numbers for the Beartrack portion as well as an initial estimate for Arnett.Indicated resources now stand at 36.4 million tonnes grading 1.16 grams gold per tonne for a total of 1....Read More
Centerra Gold (TSX: CG) has poured the first gold from its Oksut mine in Turkey.Oksut will be the company's third operating gold mine, joining Kumtor and Mount Milligan.A 2015 feasibility study for the project outlines an operation producing an average of 110,000 oz. gold per year at all-in sustaining costs (AISCs) of US$490 per oz., with a development capital cost of US$200 million.Reserves for O...Read More
The mining and metals sector is facing greater scrutiny from communities in host countries, consumers and society at large, demanding transparent, ethical supply chains, as well as a lower carbon footprint, a new study from Deloitte shows.Rather than declining any time soon, the pressure to meet those expectations will force resource companies to redefine the way they do business, shaping the sect...Read More
We talked with Brad Underwood, Managing Director of Galileo Mining (ASX: GAL) about their nickel and cobalt projects in Western Australia. Galileo is focused mostly on greenfield exploration.Brad Underwood describes them as, "an exploration and prospecting company, wrapped into one." They are experts in target generation and focus on drilling targets to make discoveries. Two projects, both based i...Read More
While traveling in Vancouver for conferences recently, I had the chance to catch up with Revival Gold (TSX-V: RVG)(OTC: RVLGF) President & CEO Hugh Agro.Revival is one of the three companies I featured in my gold talk at the Vancouver Resource Investment Conference. It has been one of the more successful companies in the space over the past few years, having raised money at sequentially higher pri...Read More
A Northern Territory gold mine which could create up to 80 jobs and provide a shot in the arm to the embattled nearby town of Pine Creek could be put in jeopardy by a rare and tiny flying mammal.Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index fell 23.31 points or 2% to 1175.28 as world markets took a hit from the fears surrounding the coronavirus.The Index finally succumbed to the negative divergence in momentum that we have been touting over a number of weeks as a warning of coming weakness. MACD tumbled...Read More