Barrick Gold (TSX:ABX)(NYSE:ABX) just announced a major acquisition, and the market appears to like the deal.Let's take a look at the Canadian gold mining giant to see if it deserves to be on your buy list today.Randgold takeoverBarrick Gold just announced plans to acquire Randgold Resources Ltd. in an all-share deal that will create a global gold mining giant. Once the merger closes, Barrick shar...Read More
If gold reaches more than US$1,377.50 per ounce, seasonal analyst Don Vialoux says: "Every analyst on the street is going to be yelling: 'We're finally reaching the next secular cycle for gold!'" How should you take advantage of the coming gold and gold stocks' season in the sun?The sun has been shining, long and bright lately (for the most part) and for analyst Don Vialoux, it signals the imminen...Read More
It's long been an article of faith in the sound money community that the Fed, by bailing out every dysfunctional financial entity in sight, would eventually be forced to choose between the deflationary collapse of a mountain of bad debt and the inflationary chaos of a plunging currency. That generation-defining crossroad is finally in sight. On one hand, a tight labor market is pushing inflation t...Read More
Tilray could well become the poster-child stock of the biggest stock bubble in U.S. History.This past summer Tilray (TLRY) went public (July) at $17 per share. TLRY is a Canada-based medical marijuana company. While its operations are targeting the international medical marijuana market, the Company generated just $9.7 million in revenues in its Q2 2018. It produced a net loss of $12.8 million. Th...Read More
Plant Ariel ViewFirst Quantum Minerals Ltd. [FM-TSX] said Tuesday it is examining a ruling by Panama's Supreme Court and its potential impact on a large copper mine that the company is working to develop in the Latin American country.The announcement comes about nine months after First Quantum said it will spend $635 million to boost its stake in the Cobre Panama mining project to 90%. First Quant...Read More
TEXAS - Uranium Energy Corp is pleased to announce USA TODAY published an Op-Ed on September 20, by UEC Chairman Spencer Abraham titled "Domestic uranium necessary for national security, healthy nuclear energy programs." Mr. Abraham is a former U.S. Secretary of Energy and U.S. Senator.In the USA TODAY piece, Secretary Abraham expresses the need for a healthy U.S. uranium industry, i...Read More
FORT MCMURRAY, Alta. - In a sign that the oilsands mining industry can't be counted out just yet, public hearings into the proposed $20.6-billion Frontier Oil Sands Mine project begin in Fort McMurray, Alta., today.International oil companies are cutting their oilsands mine investments and many analysts say the long-life returns don't justify the high upfront costs, but Vancouver-based Teck R...Read More
Today I write from London, where the last of the combustion engine black cabs have been sold and the bicycle rickshaws are a peddle-electric hybrid driven by maniacs from Albania.The waitress at the Portuguese tapas place gave us a long dissertation regarding guns in America. It seems she did a paper on the topic. Furthermore, she thinks we are all properly insane and has "given up on America, bec...Read More
We interviewed Ben Sparrow, CEO of Saltworks Technologies Incorporated, a Canadian industrial desalination and advanced water-treatment Company. Saltworks developed and commercialized a technology that can help lithium mining and processing companies extract lithium from brine more economically. We learned from Mr. Sparrow that they developed a chemical softening robot that is much more compact, m...Read More
Speculators vs. ArbitrageursThe price of gold rose six bucks, and the price of silver rose 26 cents last week. Before we look at the graphs, we want to address a reader question. This week, someone asked about how we calculate the Monetary Metals fundamental gold price. The theoretical fundamental gold price (black line) vs. the market price for gold since late 2015. Worth noting: most of the t...Read More
Quantum computers will soon be able to perform tasks that not even the most powerful classical computers are capable of today.An interdisciplinary team of researchers at Colorado School of Mines has received funding from the National Science Foundation to develop a new architecture for quantum computers that are significantly faster than existing ones.The key, they've theorized, is creating a care...Read More
Colorado School of Mines' first-of-its-kind graduate program in space resources was the subject of a recent story on National Public Radio's Morning Edition. Reporter Dan Boyce spoke with Angel Abbud-Madrid, director of the Center for Space Resources, as well as students Hunter Williams, Liz Scott and Justin Cyrus.From the story:Ph.D. student Justin Cyrus has already started a company called Lunar...Read More
The merger between Barrick Gold and Randgold Resources announced Sept. 25 is the most fascinating development in the gold-mining sector since 2006, when Barrick Gold took over rival Placer Dome to become the world's largest gold miner during the height of the industry's glory days.Though the Barrick-Randgold merger to form the provisionally named "New Barrick Group" had apparently been in the work...Read More
The S&P/TSX Venture Composite Index rose 0.66% to 719.91. Shares of White Gold rose 65% to $1.07. The company released strong drill assays from the Vertigo target on its JP Ross gold property in Yukon. The company says the results confirm high-grade, near-surface mineralization at Vertigo across 200 metres of strike length. Shortly after, it staked another 180 sq. km around JP Ross.Highlights in...Read More
The Dow Jones Industrial Average jumped 2.25% to 26,743.50 and the S&P 500 Index rose 0.85% to 2,929.67. New York spot gold increased 0.47% to US$1,198.70 per oz. gold.Rio Tinto topped the value charts with a US$4.13-per-share gain to finish at US$51.58 per share. The company provided details of its new share buy-back program on Sept. 20, saying it plans to buy back shares worth US$3.2 billion. T...Read More
Big news is rocking the gold industry and gold executives are abuzz.They're all at the Denver Gold Forum in Colorado where Barrick Gold announced a $6.5 billion all-stock deal to merge with Randgold Resources. It's the largest deal in the industry in 15 years.Both companies saw share prices pop upwards a handful of points as the markets, analysts, and market commenters reacted positively.Gold exec...Read More
"Japanese #tech investor Masayoshi Son's #SoftBank makes a down-to-earth investment -- in a Canadian #lithium mine https://t.co/KYlkDXvKcT #energy"Read full newsRead More
"Bonterra and Metanor Announce the Closing of the Transaction to Acquire Metanor @BonterraGold https://t.co/OsICYhGYqb"Read full newsRead More
Telson Mining Corporation (TSXV:TSN, OTCBB:SOHFF) ("Telson" or the "Company") (TSX-V - TSN, OTC Pink - SOHFF, Frankfurt - TSGN (formerly SQ82)) is pleased to provide the following corporate update.Read full newsRead More
"Last week, Pan Global Resources, Pure Energy Minerals, White Gold, Bayhorse Silver and Nicola Mining were the top 5 TSXV gainers. https://t.co/dQLhdRqdFc #TSXV #mining #investing"Read full newsRead More