Barrick Gold (TSX:ABX; NYSE:GOLD) will finally be able to ship gold concentrate containers out of Tanzania, which have been sitting at Dar es Salaam Port for three years due to a dispute over taxes between the country and the gold giant's now defunct subsidiary, Acacia Mining.The decision comes four months after reaching a deal with Barrick, which ended the tax row and granted the government a sta...Read More
AngloGold Ashanti (NYSE: AU) has temporarily closed its Mponeng mine in South Africa after 196 workers tested positive for COVID-19.The company has conducted 651 tests since the first COVID-19 case was detected at the mine last week, with the "vast majority" of those tested asymptomatic, the company reported.The cases were discovered as part of a screening, contact tracing and testing program at t...Read More
Gold rebounded on Friday as concerns about the economic fallout from the COVID-19 pandemic were compounded by fears of rising political tensions between China and the United States.Spot gold closed at US$1,732.70 per oz. on May 22, up from US$1,727.50 per oz. on May 21, after the Chinese government announced its intention to impose a national security law that criminalizes political dissent in the...Read More
A couple weeks ago I told you that M&A for visibility and liquidity's sake was a precursor to what I see as the next great discovery cycle. One born out of necessity.Gold has now surged to record highs in most currencies and has been rising beautifully alongside the dollar. A bull market I can trust.Whether it's rising tensions with China, dwindling reserves that need to be replaced now or later a...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 CIN added 36.03 points or 4.3% to close at 877.17.MACD jumped 8.43 points to 1.13. RSI rose 9 points or 20% to 54.43. We note that RSI has not made a new high since the price peaked in late April.Support is at 831 (lower Bollinger) and 817 (50-day moving average). Resis...Read More
Newmont Mining (NYSE:NEM) has been on fire, and why shouldn't it? While gold prices have been quiet lately, they won't stay that way forever. The backdrop for the yellow metal is bullish. Therefore, the backdrop for NEM stock is bullish, too.Source: Piotr Swat/Shutterstock But let's not pretendRead full newsRead More
Each May, we Americans give tribute to those in the military who have paid the ultimate price serving their country. This Memorial Day is all the more poignant as we also remember family, friends and colleagues who have fallen to the coronavirus, a deadly, invisible enemy.The pandemic has slammed the U.S. economy, triggering bankruptcies and putting millions out of work. Goldman Sachs warned earli...Read More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Boris Johnson needs to prioritise the environment as the UK recovers from coronavirus, firms say.Read full newsRead More
There have been two suspected arson attacks on the installations of SLN, New Caledonia's largest private sector employer, in the territory's north.Read full newsRead More
Navarre Minerals is one of the exploration companies searching for gold deposits in Victoria. (Image courtesy of Navarre Minerals). The Australian state of Victoria announced that it will defer until January 2021, the collection of all rents on exploration, mining, prospecting and retention licences, as well as annual fees for extractive industries' work.These fees and rents bring about A$3.5 mil...Read More
Solar panels and and power lines. (Image from Piqsels, CC0). A report published by market analyst Lux Research states that companies looking to decarbonize their energy trade routes have about 10 years to do so.According to Lux, by 2030, imported electricity via new high-voltage direct current (HVDC) power lines is likely to become cheaper than low-carbon natural gas turbines. This means that cor...Read More
Researcher Nathan Reid carrying out the groundwater experiment. (Image courtesy of CSIRO). Haloes of altered water chemistry in groundwater could help geologists identify areas where ore deposits lie hidden below the surface.A new report published by the Minerals Research Institute of Western Australia states that by sampling groundwaters, prospectors can make their exploration instruments 'taste...Read More
TMAC is the third underperforming Canadian gold junior to be acquired in the past few months.Read full newsRead More
May 20, 2020 (Baystreet.ca via COMTEX) --The spot price of gold has enjoyed significant momentum on the back of the COVID-19 pandemic. However, the yellow...Read full newsRead More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") is pleased to announce it has completed a non-brokered private placement consisting of the issuance of 28,040,000 million units of the Company at a price of $0.05 per unit, for aggregate gross proceeds of $1,402,000 as announced by the Company on Wednesday, May 20, 2020, oversubscribing the amount originally ann...Read More
Retirement should be about comfort and peace of mind. Investors lining a Registered Retirement Savings Plan (RRSP) or other retirement fund should be looking at low-risk stocks to hold for the long term. But which names can offer defensive growth in the current market? Today, we will take a look at two TSX stocks that can go the distance, covering consumer staples and natural resources.The consume...Read More
Across the world, governments have unleashed an historic amount of cash to stem the tide of economic chaos. A flood of freshly printed currency could trigger an issue investors haven’t had to deal with for decades: inflation. Printing moneyAs commercial activity remains suspended and unemployment hits a record-high, governments have launched stimulus programs to support citizens. C...Read More
The recent market rally might have put the stock market crash at the back of investors’ minds.On closer examination, the TSX stock market crash earlier this year saw the TSX index trading about a third lower. Right now the market has only bounced back 27%, which is not even close to the previous high.Although the businesses in parts of Canada, like British Columbia and Alberta are progressiv...Read More
There's no market quite like a captive market. That's something the video game industry has learned well over the past few months. People are stuck indoors. There are only so many times one can stream reruns of The Office before wanting something else to distract them. So, over the past few months, when Americans weren't on social media, sleeping, or baking (if they could find yeast), they've be...Read More