Worries about trade wars, Brexit, Italy's budget, China's economy and Saudi Arabia all blamed as shares declineRead full newsRead More
Shares in Caterpillar (NYSE: CAT), the world's no.1 heavy machinery maker, fell more than 7% in pre-market trading Tuesday, despite the company beating earnings estimates for the tenth time in a row.The stock lost as much as $9.76 by 8:48 a.m. EST, dropping to $118.95, after closing at $128.71 on Monday, the lowest so far this year. The drop followed the mining and construction equipment manufact...Read More
$200 million revolving line of credit is undrawn at quarter endCompany Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today announced certain preliminary results ? for the third quarter of 2018.HIGHLIGHTSSilver production of 2.5 million ounces, and gold production of 72,995 ounces.Silver equivalent production of 10.9 million ounces or gold...Read More
Canada's IAMGOLD Corp. (TSX IMG), (NYSE: IAG) plans to apply for a mining concession before year-end after releasing a robust feasibility study for its near-2 million ounce Boto gold exploration project in Senegal.President and CEO Steve Letwin said while a final investment decision on the $254-million project was yet to be made, Boto represented a "high-value" one, which would add to the company'...Read More
"In 35 years of observing charts, I'll share this deduction. Markets either repeat or do exact opposite. LEAST VELOCITY=same thing/repeat. GREATEST VELOCITY=EXACT OPPOSITE when the turn comes=MIRRORS (not exact)While there are NO ABSOLUTES - odds favor GDX heading to # 4 on chart"Read full newsRead More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), is pleased to announce that it has signed a distribution agreement with Allcan Distributors ("Allcan") in preparation for the launch of the Uniden (R) UV350 in-vehicle 4G/LTE device in Canada.Allcan's distribution reach is a key component to Siyata's strategy as they distribute through channels for...Read More
Drilling at Nighthawk Gold's (TSX: NHK; US-OTC: MIMZF) Treasure Island project, about 11 km to the north of its Colomac project in the Northwest Territories, has served up significant, shallow high-grade mineralization.The company was following up on a number of shallow high-grade gold intersections it had reported in 2011, and in the process has found new near-surface discoveries including a numb...Read More
When you are looking for Canadian energy and mining stocks to buy and hold, there are a few things to keep in mind, especially if you are new to trading shares. One of the first things that you need to look for if you want to hold a stock for the mid to long term is value: some folk like to use the P/E ratio almost exclusively, though this does not always tell the whole story with a stock's valuat...Read More
Silver continues to wallow at under US$15 per an ounce, while the gold-to-silver ratio has risen to a multi-decade high triggering considerable speculation that a long-awaited rally is on the way. This has sparked calls among silverbugs for investors to bolster their exposure to the white metal.While there are signs that silver will remain stagnant for the foreseeable future, it shouldn't deter in...Read More
Back in 1998, author Harry Browne wrote Fail-Safe Investing, a book that introduced the world to a concept called a permanent portfolio. Browne argued that this powerful asset allocation model as a way for investors to participate in upside while the market goes up while protecting themselves in the event of a downturn.The permanent portfolio consists of the following: 25% of assets in growth sto...Read More
Trevali Mining's Caribou zinc mine in the Bathurst Mining Camp of New Brunswick. Source: Trevali Mining Corp.Trevali Mining Corp. [TV-TSX, TREVF-OTCQX, 4T1-Frankfurt, TV-LMA] on Tuesday said it has downgraded the production guidance for its Caribou mine in New Brunswick due to challenging rock mass conditions. However, the company said increased zinc production from its Perkoa operation in in Burk...Read More
Quartz-carbonate veining and vuggy pyrite mineralization in drill core hole ESO-06-03Aurelius Minerals Inc. [AUL-TSXV] shares rallied sharply Tuesday after the company released additional drilling results from its Mikwam Property in Ontario.Aurelius is a gold exploration company with a focus on advancing two district-scale gold projects in the Abitibi Greenstone Belt in Ontario, which ranks as one...Read More
The White House is downplaying the murder of this Khashoggi fellow.That's because they know it could lead to another all-out trade war with Saudi Arabia. Or worse.If you're not already familiar with the story, let me bring you up to speed:Jamal Khashoggi was a Saudi journalist and longtime critic of the kingdom's government. His last position was as editor-in-chief of the Al-Arab News Channel, a p...Read More
Troilus Gold Corp. (TSX-V: TLG) is an advanced-stage exploration and early-development company, focused on the mineral expansion and potential mine re-start of the former gold and copper Troilus mine. The 4,700-hectare Troilus property is located Northeast of the Val-d'Or district, within the Frot??t-Evans Greenstone Belt in Quebec, Canada. We learned from Justin Reid, CEO of Troilus Gold Corporat...Read More
Minotaur Exploration Ltd (ASX: MEP) has extensive minerals exploration tenements in South Australia, Queensland and Western Australia. We learned from Andrew Woskett, Managing Director of Minotaur Exploration, that they are a grassroots copper/copper-gold exploration company that relies upon joint ventures to provide working capital. We learned from Mr. Woskett that the company was founded and est...Read More
Mining in Manitoba is vanishing like an early morning fog. The mining industry is near collapse in the keystone province, while I continue to raise the mining crisis in the provincial legislature to no avail.The Manitoba government's policy on mining is confused, if it exists at all.Before entering politics, I worked in the mining industry as an engineer in training. My education as a geological e...Read More
The S&P/TSX Venture Composite Index fell 4.1% to 682.16.Shares of Great Bear Resources rose 57 ? to $3.24. The company recently discovered an outcropping ultramafic rock unit with at least a 2 km strike length at its Dixie gold project in Red Lake, Ontario. Because it folds into a "D2 fold axis," Great Bear says it contains the primary controls for high-grade gold mineralization, as they occur in...Read More
In February, B2Gold Corp. (TSX: BTO; NYSE: BTG) announced an initial open-pit inferred resource for the newly discovered El Limon Central zone at its El Limon mine in Nicaragua.This week the gold producer announced the results of an expansion study that evaluated the life-of-mine options for combining El Limon's remaining underground inferred resource (17 million ounces of gold) with the new infer...Read More
The Dow Jones Industrial Average rose 0.41% to 25,444.34, while the S&P 500 Index rose 0.02% to 2,767.78. Spot gold rose 0.74% to US$1,226.50 per oz. gold.Coal producers in the U.S. continued to post gains during the trading week. Peabody Energy's shares rose US52 ? to US$35.56. The Fortune 500 coal giant announced a quarterly dividend of 13 ? per common share payable on Oct. 31. Peabody noted tha...Read More
Believe it or not, a technology used to water the Hanging Gardens of Babylon still dominates a part of our power infrastructure.Behold its first version, the revolutionary Archimedes' Screw.The concept is incredibly simple (and predates Archimedes by centuries). You turn a screw threaded through a pipe or trough and it pulls water up.Human power was replaced by motors late in the 1800s and the ext...Read More