You all know the golden rule, “He who has the gold, makes the rules.” The years of central bank experimentation are starting to show the flaws in the system. Gold miners are certainly making money off the move toward gold.I have liked gold companies as investments for a number of years. Global debt levels are ridiculously high, and the recent government spending regimen has certainly n...Read More
For many investors, you may be wondering whether it’s a good time to buy TSX stocks.The economy was shut down and stocks sold off in late February and early March. However, since that time, provinces and states in North America have begun to reopen — and the market has rebounded tremendously.Perhaps you’re interested in buying stocks today but aren’t sure if it’s a go...Read More
RPMGlobal's HAULSIM mining simulation tool. Credit: RPMGlobal. Arianne Phosphate is using RPMGlobal's leading mining simulation product, HAULSIM, to optimize key haulage routes for the development of its Lac ? Paul phosphate project in Quebec.Using HAULSIM during the critical engineering study phase allows the company to evaluate several haulage scenarios and effectively link the Lac ? Paul pr...Read More
Image from Inmarsat. Inmarsat, a leader in global, mobile satellite communications, has released a new research study that confirms the global mining industry is going through an IoT revolution, with significant increases in adoption of Internet of Things (IoT) technology.Entitled The Rise of IoT in Mining, the report is the third IoT-focused research project undertaken by Inmarsat and focuses...Read More
Flory Wavumba Ilunga Drilling rock-bolt holes into the ceiling of the new water dam being constructed at Kakula. Image from Ivanhoe. Ivanhoe Mines (TSX: IVN) reported on Wednesday that crews at Kakula mine in the Democratic Republic of Congo (DRC) began mining and stockpiling ore with an average grade greater than 8% copper, with underground development approximately 4.4 kilometres ahead of sc...Read More
Schrock Run coal operations in Berlin, Pennsylvania. Credit: Corsa Coal Corp. Sprott Resource Holdings (TSX: SRHI) no longer has a stake in US coal miner Corsa Coal (TSXV: CSO), disposing of the 16.24 million common shares that it held at C$0.22 per share for aggregate gross proceeds of C$3.57 million. These shares represent approximately 17.1% of Corsa's issued and outstanding share capital.Cors...Read More
Markku Ter??svirta, President and CEO, Outotec, Matti Alahuhta, Chairman, Board of Outotec Mikael Lilius, Chairman, Board of Metso Pekka Vauramo, and President and CEO, Metso. Image from Metso. Metso and Outotec Oyj received on Wednesday an unconditional merger control clearance from the European Commission for the combination of Metso's Minerals business with Outotec.The companies also received...Read More
Raisings by mainly bottom-end juniors in April were down in the order of 30% from the previous corresponding period 12 months ago, with Read More
Blackstone managing director Scott Williamson gave the broad estimate in response to a question after he presented at the NWR Virtual Resources Conference last week.Read More
He said yesterday the Onshoring Rare Earths Act of 2020, or ORE Act, was designed to establish a supply chain in the US, by providing tax incentives for the rare earths industry, requiring the Department of Defense to source the minerals domestically and establishing grants for pilot programs to develop the materials in the US."Our ability as a nation to manufacture defence technologies and suppor...Read More
**Today's editorial comes from Abe Cambridge, CEO and Founder, The Sun Exchange.Investing in African solar in this time of global financial volatility and decline can yield solid, steady and long term returns. With new solar investment innovations, it is now possible to own solar assets through vehicles that suit any investor, business or homeowner. -- Abe Cambridge, CEO and Founder, The Sun Excha...Read More
Today is Wednesday, May 13, 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 $1,703.40. It's up 0.35% from yesterday and up 29.9...Read More
Today is Wednesday, May 13, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of HollyFrontier Corporation (NYSE: HFC), Bonanza Creek Energy (NYSE: BCEI), and WPX Energy (NYSE: WPX).HollyFrontier Corporation (NYSE: HFC)HollyFrontier Corporation (NYSE: HFC) is a $4.651 billion company today with a one-year return of -31.2%. Let's look at its price-to-earnings...Read More
Think you have it rough right now?You're certainly not alone in that sentiment. The masses are getting restless and, quite frankly, I'm not too sure how much longer Americans can go before their cooped up frustrations hit the breaking point.We're close.But here's one little secret:Things can be much, much worse.Close your eyes for a moment and think of how your time being locked down at home would...Read More
Canadian authorities may launch a national security review of the imminent merger between Endeavour Mining (TSX: EDV) and Semafo (TSX: SMF), which would create West Africa's top gold producer.The proposed deal would bring together six mines into one portfolio, with a combined production estimated at over 1 million ounces a year.In a financial update, Quebec-based Semafo said the director of invest...Read More
First Vanadium (TSXV: FVAN; US-OTC: FVANF) has completed a preliminary economic assessment (PEA) for its Carlin vanadium project in Elko County, 10 km south of the town of Carlin in north-central Nevada."Getting to the PEA level for Carlin was a significant milestone for us and is a key part of the process for unlocking the value of the project," Paul Cowley, the company's president and CEO, said...Read More
Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) has emerged as the latest suitor eyeing Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) in a recently tabled three-way merger proposal that includes its 19%-owned Gold X Mining (TSX-V: GLDX; US-OTC: SSPFX) to create a new mid-tier, South America-focused gold producer with operations in Colombia and Guyana.Gran Colombia's offer of 0.142 of a share for each G...Read More
Iamgold (TSX IMG; NYSE: IAG) reported high-grade assay results from a drilling program on the Rouyn gold project in Quebec, 4 km south of Rouyn-Noranda and 45 km southwest of its Westwood mine.The assay results came from the Astoria area and the Lac Gamble Zone on the project, optioned from Yorbeau Resources (TSX: YRB) in 2018.Iamgold said that material extracted from the Lac Gamble zone graded 27...Read More
Australia's Lucapa Diamond (ASX: LOM) has recovered a 171 carat gem-quality stone from its prolific Lulo mine in Angola, which was restarted in early May.The miner said the white diamond is the 15th 100-plus carat it has recovered to date from Lulo, and the second 100-plus carat precious rock found in 2020.The diamond was recovered from mining block six, where five other 100-plus carat diamonds ha...Read More
Disney is now losing one billion dollars per month. This was the stock that all the old guard Wall Street bros loved a few months ago - when the plebes were still willing to part with their precious dollars to watch unoriginal and trite comic book rehashes. All Disney - that stalwart of stalwarts - has done is lose a third of its value since it peaked in early December last year. No one is goin...Read More