Over the past decade, investing in the top growth stocks is a proven strategy. Growth investors have enjoyed outsized gains, while value investors have been left with few options. Now that markets have retreated from all-time highs, there are several companies that are dual threats. They provide growth at excellent prices. A growth stock is typically defined as one that is growing by an avera...Read More
An article in Canada's french La Press today announced that Canada had fiished selling off its gold reserves. The last time a country sold their gold it was England at US$275 per ounce in 2002. It turned out to be a bottom (the worst time to sell) as it is now around US$1700 per ounce. Let's see if history repeats itself. I have always been on the record to support assets with no counter party ris...Read More
Yesterday the gold miner announced the US$460 million acquisition of Lundin Gold's debt and streaming facilities over the newly commissioned, tier one Fruta del Norte (FDN) mine in Ecuador.Read More
Share this articleTORONTO - Shares in Agnico Eagle Mines Ltd. rose Friday after it released new production guidance and reported a first-quarter loss linked to temporary mine shutdowns to control spread of the COVID-19 pandemic.Agnico Eagle shares on the Toronto Stock Exchange rose by as much as 6.8 per cent or $5.53 to $86.86 before dropping back to $83.86 at 11 a.m. EDT.The Toronto-based gol...Read More
Share this articleSASKATOON - Cameco Corp. says spot uranium prices are up amid the production disruptions caused by the COVID-19 pandemic.The company says the uranium spot price has increased by more than 35 per cent since the company announced the first disruption at its Cigar Lake mine on March 23.The comment came as Cameco reported a first-quarter loss of $19 million or a nickel per share com...Read More
Share this articleCALGARY - Teck Resources Ltd. is leaving the Canadian Association of Petroleum Producers, an industry organization whose members represent about 80 per cent of Canada's oil and gas production.The move was made as part of a cost-cutting drive, Teck spokesman Chris Stannell said in an email, noting the company's 2019 CAPP membership cost about $135,000.Teck is targeting $1 bi...Read More
A friend texted me on Monday afternoon, "I'm 174,000 person in line.""For what?!," I responded."To use Maryland's unemployment website," she sent along with this screenshot:At 174,370 in line, there were more than three baseball stadiums full of people waiting ahead of her. And this was just in Maryland. And just on Monday.The Department of Labor now says over 30 million Americans have filed joble...Read More
Perseus Mining (TSX: PRU; ASX: PRU ) is building its second open-pit mine in Cote d'Ivoire and its third in West Africa, and expects to pour first gold in December despite the COVID-19 pandemic.Once built, Yaoure will produce 215,000 oz. gold per year at all-in sustaining costs (AISCs) of US$734 per oz. over the first five years of an initial 8.5 year mine life.On a recent conference call, manag...Read More
A key result of the grip of the coronavirus is the severe disruption to the commodity markets on both sides of the supply chain. A major issue that has affected gold has been the lack of airline flights, resulting in a false market tightness and bloated contangos. In terms of overall price action, during these times of distress (notably the equity markets' slump in March) gold has behaved in its n...Read More
VANCOUVER - Shares of Mag Silver (TSX: MAG; NYSE-AM: MAG) gained as much as 31% to a several month high of $17.87 on the TSX following news of precious metals sector financier Eric Sprott investing $60 million into the soon-to-be silver producer.The $60-million equity placement saw Sprott buy 4.528 million common shares of Mag Silver at $13.25 apiece to top up the company's treasury from the US$72...Read More
COVID-19 has impacted the mining industry across the globe as governments enforce lockdowns and quarantines and companies halt operations because workers and contractors can't get on-site due to restrictions.S&P Global Market Intelligence in a new report tallies the impact of these mine closures, showing Africa and the Americas hardest hit in terms of the number of suspended operations.South Afric...Read More
Core sample showing visble gold mineralisation in microfractures and veinlets at the Reaper gold discovery. Photo Image from Balmoral Resources. Balmoral Resources (TSX: BAR; US-OTC: BALMF) has made a new high-grade gold discovery at its 100% owned Fenelon property. The property forms part of the company's district-scale Detour Gold Trend project, about 75 km west-northwest of Matagami in Qu?(C)...Read More
Brucejack mine, British Columbia. Image from Pretium Resources. Pretium Resources (TSX/NYSE:PVG) announced adjusted earnings of $25.9 million, or 14 cents per share, in Q1 2020 up from $16.5 million, or 9 cents, in the same period of 2019. The company, which operates the Brucejack Mine in British Columbia, listed net earnings were $6.2 million, or 3 cents, compared to $4.2 million, or 2 cents,...Read More
Just when you thought things couldn't get any crazier, here come the aliens!That's right, on Monday the Department of Defense released several videos that appear to show a UFO. Footage captured by Navy pilots displays a bizarre-looking craft that appears to be defying the laws of gravity and flight.They referred to it as "unidentified aerial phenomena."A pilot in the video actually said "What the...Read More
The COVID-19 crash has sparked a bargain-hunting buying spree for junior mining stocks. Even in crisis, the best exploration ...Read More
Print Versions of the Iconic Publications Maintain 91%+ Pick UpRates Omnichannel media continues to offer advertisers access to a large and influential audience. Consolidating key audience remains a priority as MediaCentral actively pursues synergistic and accretive acquisition opportunities. TORONTO, ON., April 30, 2020- Media Central Corporation Inc. (CSE: FLYY, FSE: 3AT) ("MediaCentral" or the...Read More
Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.Read full newsRead More
RambusBefore we look at tonight's Precious Metals charts I would like to make a comment on the US stock markets. I will take some flack over some of the comments I'm going to make but that's fine as it won't be the first time nor the last.Let me start by saying, "The only rule when it comes to trading the stock markets is, "There Are No Rules." The other important rule that I live by is that, "t...Read More
By: Gary SavageGold testing $1,800 resistance, traders should take note of this area and possibility for more bullion banks attacking the metal as they remain heavily short. In the general markets, we are nearing the upside target..http://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold is strong, hard to break it. A lot of money printed and about to be printed and I think this got the gold market's attention:Read More