ArcelorMittal will reduce output and cut 300 out of 800 jobs at its iron ore mines in Bosnia, the world's largest steelmaker said on Tuesday.Output will be reduced by a third to 1 million tonnes and the job cuts will be carried out from September, it said in a statement.ArcelorMittal operates a steel plant in the central Bosnian town of Zenica which processes iron ore from its Omarska mines in Pri...Read More
Iron ore prices look increasingly caught between the bullish reality of lower supply from Brazil and the bearish possibility of weaker demand if President Donald Trump carries out his threat to ramp up his tariff war against China.The price action in the wake of Trump's Twitter threat on Sunday to ramp up tariffs on $200 billion of imports from China to 25% was indicative of iron ore's dilemma.Tak...Read More
Yamana Gold has announced something huge: a doubling of its dividend. How did it manage that and what does it mean for investors?Read full newsRead More
Great Atlantic Resources (TSXV: GR) acquired, through an option agreement and by staking, the Glenelg vanadium property located in southwest New Brunswick, Canada.In a press release, Great Atlantic said that recent bedrock grab samples from the property from a layered intrusion returned significant levels of vanadium, specifically 0.33 & 0.42% V2O5.Located approximately 5 kilometres southeast of t...Read More
Transition Metals (TSXV: XTM) announced this week that it completed a ground magnetotellurics or MT survey and stacked an additional 235 hectares at its 100%-owned Saturday Night project, located north of Thunder Bay, Ontario.In a press release, the Sudbury-based miner said that the completed MT survey included 37 stations focused on further evaluating a reversely-polarized magnetic anomaly measur...Read More
Newmont Goldcorp Corporation (NYSE: NEM)(TSX: NGT), the world's largest gold producer by market value, output and reserves, is expected to churn out 8.4 million ounces of the precious metal this year, or 7.1% of the total global output, according to data and analytics firm GlobalData.In comparison, main rival Barrick Gold's (TSX:ABX)(NYSE:GOLD) output for 2019 is estimated at only 5.6 million oun...Read More
Question? Which nation is the biggest gold producer in Europe, excluding Russia? Clue: it gave the world Santa Claus, gifted tulips to the Netherlands and calls olive oil wrestling its national sport. Kerim Sener is devoted to making it better known for auricerous land.Read full newsRead More
At Insider Monkey we follow nearly 750 of the best-performing investors and even though many of them lost money in the last couple of months of 2018 (some actually delivered very strong returns), the history teaches us that over the long-run they still manage to beat the market, which is why it can beRead full newsRead More
Ecuador-focused miner SolGold (LON, TSX:SOLG) said Tuesday that recent results from the Porvenir project, held by its wholly owned subsidiary Green Rock Resources, suggest the presence of a "significant" copper-gold system.Mapping and sampling, SolGold said, has extended copper-gold mineralization at Cacharposa Creek on Porvenir, located in southern Ecuador. The samples, the company noted, show...Read More
Will investors see the glass half full thanks to more Chinese stimulus, or the glass half empty due to Trump tariff tweets? Meanwhile, meet the CEO who will be staring down short sellers when he reports Q1 earnings this week.We cover all that and more in this week's free Insights newsletter. Click here to read (no registration required). Read More
"Morgan Stanley today noting construction delays in the much-discussed QMB HPAL #nickel plant in Indonesia. First production pushed back to 2021, at 40% lower capacity than originally envisioned @AndyHomeMetals @BaseMetals @BloombergNEF"Read full newsRead More
"$ATAX - America First Multifamily Investors, L.P. (ATAX) CEO Chad Daffer on Q1 2019 Results - Earnings Call Transcript https://t.co/kYEgHjfF46"Read full newsRead More
High-profile investments by Agnico Eagle Mines (TSX: AEM; NYSE: AEM) in two new Nunavut gold operations will drastically alter the company's production profile with the onset of commercial production later this year. However, perhaps lost in the excitement is that its core operations in Quebec - La Ronde, Canadian Malartic and Goldex - are also expected to expand. Help on the regulatory front from...Read More
Several weeks ago we wrote about the downside risk in the gold stocks.After the various gold stock indices formed distribution-type tops, the subsequent selling has been swift. Miners have plunged through moving averages and short-term breadth indicators quickly reached oversold extremes.While the gold stocks are oversold, it could be a little while before we can expect a sustained rebound.We plot...Read More
Tomorrow stands to be an interesting day for those investors that are following changes in the metals and mining segment and, more specifically, Barrick Gold (TSX:ABX)(NYSE:GOLD). So far, 2019 hasn’t been kind to miners. In the case of Barrick, year to date, the stock is down over 7%, and over the trailing 12-month period the stock is sitting near flat.That lack of growth in the stock pric...Read More
Cameco (TSX:CCO)(NYSE:CCJ) is down after releasing its latest quarterly results. And while investors might be disappointed in the results and likely tempted to keep their fingers on the sell button, there are three reasons to remain optimistic about the stock.Company remains optimistic for the futureIn the earnings release, Cameco president and CEO Tim Gitzel suggested that there’s a lot of...Read More
Charlie Munger, Warren Buffett’s partner at Berkshire Hathaway, believes that investing is largely a game of patience.Munger and Buffett have displayed a talent for picking the right stocks, but sticking with them for decades is what’s provided a lot of their outperformance."If you took our top 15 decisions out, we'd have a pretty average record,” Munger said. “It wasn't hy...Read More
The National Association of Realtors (NAR - existing home sales reports) and the Census Bureau (new home sales reports) report monthly sales on a "seasonally adjusted annualized rate" basis (SAAR). Notwithstanding the reliability - or lack thereof - of the "seasonal adjustments," it would seem absurd to report monthly home sales on an annualized rate basis.To the extent the NAR and Census Bureau's...Read More
It comes after the company's A$5 million initial public offering closed oversubscribed in late March. The stock closed at its session high of A23.5c, a 17.5% premium to the 20c issue price.Read More
I think it was the great investor Warren Buffett who said, "Find the lie in the market and exploit it."Right now, the market is overwhelmingly short the coal industry because it believes these five lies.1. Coal mining is going out of business. Yes, this is true in some cases. All unprofitable coal mines in Europe have closed, as the EU stopped subsidies on January 1, 2019.In the U.S., over half...Read More