TORONTO - Canada's main stock index posted a triple-digit decline, led lower by the materials and financial sectors, while the loonie traded higher in the wake of an interest rate hike by the Bank of Canada.The S&P/TSX composite index was down 203.32 points at 15,081.85 in morning trading.In New York, the Dow Jones industrial average was down 123.52 points at 25,067.91. The S&P 500 index was down...Read More
Crude oil got crushed yesterday.Just when you thought it was safe to look at WTI prices hitting a four-year high, the geopolitical monster in the Middle East reared its ugly head.And just when you thought the oil bulls were finally back in the driver's seat, the bears wrestled away control.Yeah, it's been that kind of October so far.The story behind the death of journalist Jamal Khashoggi seems to...Read More
When people think of energy investing, they first think of oil and the big dogs in the industry, like Exxon Mobil (NYSE: XOM) or BP (NYSE: BP). But what you may not know is that coal, though it may not be sexy, is one of the best energy investment vehicles in the world.Over the past 10 to 15 years, you could have made your fortune on lowly coal investments.For example, the blue-chip stock Peabody...Read More
Peel Mining Limited (ASX: PEX) is an Australian company focused on exploring and developing precious and base metals resources in New South Wales. Since listing in May 2007, Peel has identified and acquired several valuable mineral assets, including the Wagga Tank - Southern Nights project near Mt Hope, NSW, the May Day-Gilgunnia project (includes Mallee Bull) near Cobar, NSW, and the Cobar Superb...Read More
An interdisciplinary team of Colorado School of Mines researchers has been awarded National Science Foundation funding to develop a prototype of a "smart" irrigation system that can consider sensor data, user-defined thresholds and weather forecasts to determine when and where to water.Junko Munakata Marr, professor of civil and environmental engineering, and Qi Han, associate professor of compute...Read More
Roderick Eggert, Viola Vestal Coulter Foundation Chair in Mineral Economics and deputy director of the Critical Materials Institute at Colorado School of Mines, was recently featured in a story on CNBC about the growing demand for the rare earth element neodymium and the one country that dominates its production worldwide.Watch the full segment below:Tesla Model 3 and other electric cars are drivi...Read More
Addressing the topic of innovation in mining and mineral exploration was the order of the day at The Northern Miner's second annual Progressive Mine Forum (PMF) held at the MaRS Discovery District in downtown Toronto in mid-October.The first panel discussion, moderated by Northern Miner staff writer Richard Quarisa, focused on "Clean Mining" - looking at how far we've come over the past few decade...Read More
Attendees of The Northern Miner's Progressive Mine Forum held at the MaRS Discovery District in downtown Toronto in mid-October had the opportunity to hear the views of three sharp-minded keynote speakers on the topic of innovation. After accepting his commemorative Welsh mining lamp as The Northern Miner's Mining Person of the Year for 2017, Sean Boyd, vice-chairman and CEO of Agnico Eagle Mines...Read More
One metal is defying the general gloom of the mining markets.Its price is up more than 800% in the past two years and is now near an all-time record high.All-time is a long time for this metal. It has roots in the BC era as the material that allowed Damascus swords to be so strong and flexible.In the modern era, it was one of the ingredients that allowed Henry Ford's "Model T" to be such an early...Read More
Vangold Mining Corp. (TSXV:VAN) (Read full newsRead More
"@RobieMonsieur @HedgehogTrader This was just a speculative comment - nothing more. There are tons of supply/demand models out there - most of them are biased. Big problem with most of the analysis: Nobody knows about the real amount of U inventories, non-transparent and tough market to analyze. Good luck"Read full newsRead More
Having rebounded modestly back off a $65 handle intraday after OPEC/Saudi production comments, all eyes are now on API tonight which printed a huge 9.88mm barrel inventory build (biggest since Feb 2017) sending WTI back to a $65 handle.Read full newsRead More
The world's top diamond producer by value attributed the decline to planned volume reductions in Botswana and South Africa.Read full newsRead More
"@RobieMonsieur @HedgehogTrader Imho there's no need to bring lots of new supply online. Nexgen's Arrow and OD expansion might be enough next decade. As well Kazakhstan won't give up their market dominance."Read full newsRead More
"Invictus (@Invictus_MD) (#TSXV: $GENE // #OTCQX: $IVITF) Completes Advance on $2 Million Convertible Loan Facility [https://t.co/Gp68b1VRWq]#POTstocks #investing #stocks #stockmarket #trading #investors #news #investing #business #investments #cannabis #hemp #cannabisdaily"Read full newsRead More
Pacton Gold Inc. (TSXV:PAC, OTC:PACXF, FSE:2NKN) (theRead full newsRead More
CloseGain/LossGold $1230.10+$7.30Silver$14.73+$0.16XAU69.50+0.68%HUI155.38+1.24%GDM558.63+0.91%JSE Gold1228.01+62.06USD95.93-0.10Euro114.71+0.02Yen89.14+0.34Oil$66.43-$2.9310-Year3.170%-0.027T-Bond138.125+0.3125Dow25191.43-0.50%Nasdaq7437.54-0.42%S&P2740.69-0.55% The Metals: Gold gained $16.70 to $1239.50 just after 8AM EST before it chopped back lower in New York, but it still ended with...Read More
- Gold rallied "as stocks retreated" and "market risk became more systemic"- As stock sell-off became systemic globally, gold rose meaningfully - World Gold Council- IMF Global Financial Stability report highlights an increase in level of risk among multiple global metrics - WGC Investment Update*Happy 15th Birthday GoldCore*via Gold.orgThe latest IMF Global Financial Stability report (release...Read More
"The 2018 annual #WorldRiskReport is now live. It is a comprehensive review of #mining risk, including a jurisdiction-by-jurisdiction ratings system and assessment of business and operating risks and trends. Read it now: https://t.co/sl1MJhZ2bg ($) @M1NEHUTTE @MaplecroftRisk"Read full newsRead More
The US miner has agreed to a deal that would give it up to 80% in Solaris' Ricardo property.Read full newsRead More