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
A team of Colorado School of Mines students spent their senior year designing a "Swiss arm" for a U.S. Navy veteran who lost part of all four of his limbs while serving in Afghanistan. Taylor Morris asked the Capstone Design team to incorporate four tools that he uses daily into the arm - a pen, an electric lighter, an X-acto knife and a laser pointer/flashlight - for easy and convenient access....Read More
Since majority shareholder Brookfield Asset Management (TSX: BAM.A; NYSE: BAM) tapped Jim Gallagher to become president and CEO of North American Palladium (TSX: PDL; US-OTC: PALDF) in August 2015, the street-savvy mining engineer has shepherded the company away from the precipice of bankruptcy, laid to rest NAP's debt, and put the palladium producer solidly in the black, with enough free cash flo...Read More
The S&P/TSX Venture Composite Index fell 0.70% to 606.42.Shares of Radius Gold were the most traded, posting a jump of 22 ? to 37 ? per share. The junior explorer reported results from the second round of its diamond drill program at the Amalia gold-silver project in Mexico's Chihuahua state. Highlights included drill hole 19-10, which intersected 44 metres grading 12.38 grams gold per tonne and 3...Read More
The S&P/TSX Composite Index fell 0.72% to 16,494.43. Spot gold finished the trading week at US$1,278.50 per oz., down US$7.40 per oz., or 0.60%. The S&P/TSX Global Gold Index lost 4.37% to 178.42, the S&P/TSX Global Mining Index dropped 2.78% to 72.88, and the S&P/TSX Global Base Metals Index ended 2.70% lower at 115.92.Anglo Pacific Group posted the largest jump in value, adding 80 ? per share to...Read More
The Dow Jones Industrial Average fell 0.15% to 26,504.95 and the S&P 500 Index rose 0.20% to 2,945.64. Spot gold lost US$7.40 per oz., or 0.60%, to finish at US$1,278.50 per oz.Shares of Pretium Resources climbed US46 ? to US$8.07 on first-quarter results. Revenues in the three months ended March 31 reached US$103.1 million on 81,434 oz. gold sold for net earnings of US$4.2 million (US22 ? per sha...Read More
One of Ecuador's largest private conglomerates - with investments in everything from deepwater ports to real estate and agriculture - has chosen Adventus Zinc (TSXV: ADZN; US-OTC: ADVZF) and its Curipamba polymetallic project as its first investment in the country's mining sector."They are a highly respected business group who have a keen eye for value and growth across many sectors," says Christ...Read More