On this edition of Weekly with Andrew McCreath, he takes a lookahead to some big market trends, including a busy week of earnings here in Canada headlined by the gold companies and the lifecos.Read full newsRead More
On this edition of Weekly with Andrew McCreath, he takes a lookahead to some big market trends, including a busy week of earnings here in Canada headlined by the gold companies and the lifecos.Read full newsRead More
Gold stocks' young upleg is gathering steam, marching steadily to higher lows and higher highs. These bullish technicals are gradually improving sentiment, fueling mounting interest in this contrarian sector. That's helping the gold stocks regain lost ground relative to gold, the driver of their profits. Fundamentals are growing more favorable as gold itself powers higher. All this portend...Read More
Have you considered investing in a gold miner recently?Barrick Gold (TSX:ABX)(NYSE:ABX) became the largest gold miner on the planet following its recent merger with Randgold, transforming what was already an enviable portfolio of mines and one of the most efficient miners in the business into a powerhouse miner that owns half of the top 10 performing mines on the planet, and a portfolio of over o...Read More
One of the breakout marijuana stocks of the TSX index this week, and possibly one of the most exciting tickers in the legal weed space at the moment, The Supreme Cannabis Company (TSX:FIRE) is up 3.27% in the last five days with a 104.3% expected annual growth in earnings on the way.Let's take a brief look at a few other pieces of data for this hot weed stock before seeing how it compares with two...Read More
It might sound like the name of a game show, but "opportunity or trap" is a game investors play every time an undervalued stock shows up on the radar. Sometimes a stock is on a dip, and its quality stats and otherwise upward trend suggest an opportunity; at other times, the stock can turn out to be a falling knife with perpetual downward momentum. So which of these categories do the following unde...Read More
There is good reason for investors to be cautious with economic headwinds building up in the latter half of 2018 and the beginning of 2019. The market has responded well to anxiety early this year, but the domestic and global economy is facing major challenges. Canadian growth is projected to slip below 2% this year and next.Of course, risk is always present in the market. Investors hoping to prof...Read More
Sometimes I'll hear investors lament how expensive stock markets are, which usually ends with them being content to stay in cash until better opportunities arise. Unfortunately, many of these same investors will continue to hold during downturns, saying an even better chance to buy is just around the corner.This is a terrible argument for a few different reasons. Dollar-cost averaging over the lon...Read More
The Choco Precious Metal Project in Colombia. Source Max Resource Corp.Max Resource Corp. [MXR-TSXV; MAXROF-OTC; M1D1-FSE] advanced in active trading Monday February 11 after the company said it had received conditional approval form the TSX Venture Exchange to acquire additional mineral rights in Colombia.Max is a Canadian exploration company with a focus on exploration of mineral assets in Colom...Read More
Madsen headframe, mill, tailings facility and mine village mine village located 16 km west of Red Lake, Ontario. Source: Pure Gold Mining Inc.Pure Gold Mining Inc. [PGM-TSXV; LRTNF-OTC] on Monday February 11 announced the results of a positive feasibility study for its 100%-owned Madsen-Red Lake project in northwestern Ontario.The feasibility study sees Madsen-Red Lake as an 800 tonne-per-day, hig...Read More
Cannabis stocks got hammered today, as investors began to prepare for what many believe with be less-than-stellar results for a number of major cannabis companies, including Canopy Growth Corporation (NYSE: CGC), Aurora Cannabis (NYSE: ACB), and Tilray (NASDAQ: TLRY).Another cannabis player scheduled to post earnings this week is Supreme Cannabis (TSX: FIRE). I'm paying particularly close attentio...Read More
What is the Green New Deal? And how will it affect energy investors?Last week, rising liberal star Alexandria Ocasio-Cortez submitted a House resolution calling for a series of public work projects, programs, financial reforms, and regulations specifically aimed at addressing climate change.Right now, this resolution is the most official version of what's being called the Green New Deal.Leading up...Read More
A show-stopping collection of minerals valued at $3.2 million has been donated to the Mines Geology Museum. The 27 specimens - remarkable for their pristine condition, color and crystal form - come from the personal collection of Eric Long, an oil and gas industry veteran based in Austin. "A donation of this caliber truly elevates the quality of our exhibits and also heightens the experience f...Read More
Megan Diercks, a French instructor at Colorado School of Mines, has been awarded the rank of chevalier by the Order of French Academic Palms.The highest nonmilitary honor that a noncitizen can receive from the French government, the Palmes Acad?(C)miques recognizes those who have rendered eminent service to French education and have contributed to the prestige of French culture. The Order of the A...Read More
The Center for Space Resources at Colorado School of Mines was recently highlighted in The Denver Post as part of an article about proposed federal legislation to create a NASA-led Space Resources Institute. The Space Resources Institute Act, introduced last week in the U.S. House by Colorado Reps. Scott Tipton and Ed Perlmutter, asks NASA to investigate the establishment of a Space Resources Ins...Read More
American Lithium (TSXV: LI; US-OTC: LIACF) is about to drill its 6.3 sq. km Tonopah lithium claystone (TLC) project near Tonopah, Nevada.Over the next six weeks the company will drill 1,600 metres across 10 to 20 holes. It will average 100-metre depths, drilling up to 160 metres below surface.The company had previously collected 22 grab samples at TLC that graded as high as 1,380 parts per million...Read More
South32 (LON: S32) has the next 11 months to decide whether it wants to write a US$150-million cheque for a 50% stake in Trilogy Metals' (TSX: TMQ; NYSE-AM: TMQ) two base metal deposits in Alaska - Arctic and Bornite.To keep that option, the mining and metals giant has been required since 2017 to spend US$10 million a year on exploration at Bornite, which has an inferred resource of 5.45 billion l...Read More
SEMAFO (TSX: SMF; US-OTC: SEMFF) has tabled a maiden resource for the Bantou gold zone, located about 170 km south of its Mana gold mine in Burkina Faso, totalling 2.1 million inferred tonnes grading 5.35 grams gold for 361,000 oz. gold.SEMAFO based its resource on more than 12,700 metres drilled across 80 holes. In 2018 it drilled more than 4,200 metres across 13 holes testing the deposit's down...Read More
McEwen Mining (TSX: MUX; NYSE: MUX) expects to pour first gold at its Gold Bar mine project in central Nevada before the end of February, just fourteen months after breaking ground in November 2017.Commercial production is forecast to follow before the end of the first quarter, a dramatic schedule, says Chris Stewart, the company's president."I'd say that's pretty darned good," he says. "Typically...Read More
With its recently completed feasibility study behind it, Pure Gold Mining (TSXV: PGM) expects to make a production decision on its Madsen project in Red Lake in the coming weeks and could begin construction in April, with first gold poured as early as May 2020.The project has significant mining, milling and tailings infrastructure already in place, as well as all major permits, so pre-production c...Read More