Australia expects gold to overtake thermal coal as its fourth-largest export ear...Read full newsRead More
"Salt Lake City Law Firm Parsons Behle & Latimer Finalizes Historic Barrick Gold Corporation and Newmont Goldcorp Corporation Joint Venture https://t.co/b3fgakJhDS"Read full newsRead More
China Nonferrous Gold Ltd. (CNG.LN) reported Monday a narrowed pretax loss for 2018 mainly due to a 2017 impairment booked against mines under construction,...Read full newsRead More
The London Metal Exchange (LME) must force its brands to disclose their impact o...Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap-oriented INK Canadian Insider (CIN) Index. The INK Canadian Insider Index tried to push higher and generate its 4th weekly gain in a row but could not move above 1125 resistance. In the end, the Index pulled back a modest 8.11 points to close at 1117.04.MACD fell 5 points to 0.7. RSI retraced 10.76 points to 57.13. A sustained mov...Read More
Gold closed the month of June and the quarter above $1400/oz, holding the majority of its recent gains. That does not necessitate continued strength but it is a good sign.The technicals and fundamentals are finally in place for Gold.It is outperforming all major currencies and the Federal Reserve is weeks away from beginning a new cycle of rate cuts. The U.S. Dollar has lost its uptrend.The near-t...Read More
Polymet said it raised about US$265 million by issuing the full allotment of almost 683 million shares pursuant to the offering, with Glencore acquiring more than 627 million shares to take its stakeRead More
Speaking with Mining Journal just over a year after a public listing in Stockholm that marked its big split from Atlas Copco, Epiroc president and CEO Per Lindberg said the mining-dominated businessRead More
It's been years since Obama said he would put coal companies out of business. Since then, Wall Street has ignored coal-producing stocks, making it the most undervalued sector in the market.It's true - coal production did go down during the Obama presidency. But since Trump was put in office, that has turned around.Don't get me wrong; the U.S. isn't burning more coal - it's exporting it, both to Ch...Read More
At The Northern Miner's Canadian Mining Symposium, held at Canada House in London, U.K., Iamgold (TSX: IMG; NYSE: IAG) president and CEO Steve Letwin spoke on gold. Below is the full, edited transcript of the session, held on May 22, 2019.It's a pleasure to be here, and I'm quite excited to see Canada House. I am quite impressed - compliments to our country.Now this is a picture of the road that w...Read More
B2Gold (TSX: BTO; NYSE: BTG) is selling its El Limon and La Libertad mines, Nicaragua's largest gold exporters, along with its Pavon project and other mineral concessions in the country, to Calibre Mining (TSXV: CXB) in a deal worth US$100 million.Calibre Mining, in which B2Gold already owns an 11.9% stake, will pay B2Gold US$40 million in cash, US$40 million in common shares valued at 60 ? per...Read More
The following is a release by PwC Canada as part of its quarterly monitoring of the status of initial public offerings in Canada. Visit www.pwc.com/ca for more information.The surge in small mining issues and a single cross-border listing from the pharmaceutical sector was not enough to redeem the second quarter market for initial public offerings (IPOs) in Canada, the quarterly PwC review of the...Read More
The S&P/TSX Venture Composite Index fell 1.20% to 585.47 during the June 24-28 trading week. Spot gold rose US$9.90 per oz. or 0.71% to US$1,408.90 per oz.Aurion Resources topped the list of value gains with a jump of $0.40 to $1.59 per share, based on results from the first two drill holes of its 2019 campaign at the company's Risti project in northern Finland. The company intersected a wide zone...Read More
The Dow Jones Industrial Average fell 0.45% to 26,599.96 and the S&P 500 Index dropped 0.30% to 2,941.76. Spot gold rose 0.71% or US$9.90 per oz. to US$1,408.90 per oz.Agnico Eagle Mines' shares jumped US$0.94 to US$51.24 per share. The gold miner reiterated its offer of June 13 to acquire Alexandria Minerals in a deal valued at about C$26 million. The acquisition would enable Agnico to consolidat...Read More
The S&P/TSX Composite Index fell 0.87% to 16,382.20. Metal indexes moved higher with the S&P/TSX Global Mining Index up 1.30% at 79.44, the S&P/TSX Global Base Metals Index up 1.27% to 114.27, and the S&P/TSX Global Gold Index up 1.14% to 220.50. Spot gold finished at US$1,408.90 per oz., up US$9.90 per oz. or 0.71%.Continental Gold advanced $0.51 to $3.79 per share. The company closed a previousl...Read More
We learned from Louie Simens, Director of Nova Minerals Limited (ASX: NVA), that they are focused on their advanced, potentially globally significant, Estelle project, a Intrusive related gold system (IRGS) exploration project in Alaska's newest gold belt. This is a district-scale gold camp with a potential for a multi?EUR?million-ounce gold discovery with Geologically sharing similarities to Kinr...Read More
Here is a little dose of reality for all of those inflation naysayers out there:76% of Americans are living paycheck-to-paycheck.65% of Americans say they don't own their homes.53% of Americans have no money in the stock market, even through retirement accounts.Together, these three depressing facts mean a vast majority of Americans have seen their wealth and income crushed by inflation.Your wealt...Read More
June 28th, 2019(S14-E702)Featured GuestsWolf Richter& Bill MurphyPlease Listen Here - MP3Interview RecapBill Murphy of GATA.org returns to the show with fresh insights on the stunning PMs shares rally, which outperformed the key US equities markets.Gold may have built a final base in preparation for liftoff to $2,000+ in the coming years, as the "Gold Cartel" runs out of physical bullion to s...Read More
It has been a truly glorious month for gold, and the purpose of this update is to point out firstly that the gold breakout of the past week was genuine and secondly that any short term reaction back as far as $1380 or even $1370 will not negate the breakout - instead it should be seized upon as an opportunity to build positions across the sector, especially in trampled down undervalued silver st...Read More