Norsk Hydro has backed out of a $345-million deal to buy Rio Tinto's (ASX, LON:RIO) aluminum plant in Iceland amid increasing uncertainty in the market and opposition from European regulators.The Norwegian firm, one of the world's top producers of aluminum and alumina, said securing competition approval had taken "longer than anticipated" and after considering "alternative timelines, outcomes and...Read More
Retail workers who are pushing for higher wages better take notice: Amazon is preparing to put their bosses out of business.Read full newsRead More
Mining stocks are getting some attention at the moment, with investors eyeing the range of undervalued commodities producers for quality and growth indicators.Below you will find two stocks that offer investors just that. But why should you be looking at adding miners to your portfolio in the current economic climate?Adding commodities can give investors that little bit more diversification, despi...Read More
The Bureau of Economic Analysis calculates and publishes an earnings metric known as the National Income and Products Accounts which presents the value and composition of national output and the types of incomes generated in its production. One of the NIPA accounts is "corporate profits." From the NIPA handbook: "Corporate profits represents the portion of the total income earned from current prod...Read More
Mesquite gold mine in California. Photo source: New Gold Inc.Equinox Gold Corp. [EQX-TSXV, EQXGF-OTC] has entered into a definitive purchase agreement with New Gold Inc. [NGD-TSX, NYSE American], to acquire the Mesquite gold mine in California for $158 million cash.Led by financier Ross Beaty, Equinox Gold is a well-funded, multi-asset company. Its portfolio includes the wholly-owned, past-produci...Read More
Geologist Lachlan Kenna, air-leg miner Henry Dole, mine foreman Warren Edwards and senior geologist Zaf Thanos with large gold specimens found at the Beta Hunt Mine in Australia. Source: ABC Goldfields-Esperance: Jarrod LucasRNC Minerals [RNX-TSX], aka Royal Nickel Corp., shares were active Thursday September 20 after the company released an updated estimate of gold production from the Father's Da...Read More
VANCOUVER - Alexco Resource Corp. (NYSE American: AXU) (TSX:AXR) today reports an updated and expanded mineral resource estimate for the Bermingham deposit, located within the Keno Hill Silver District in Canada's Yukon Territory.As a result of exploration work conducted in 2017 and 2018, the Bermingham indicated mineral resources have expanded from 17.3 million ounces to 33.3 M ounces of con...Read More
It has a market capitalization of just $40.8 million, but Monarques Gold (TSXV: MQR; US-OTC: MRQRF) has a lot going on across its 300 sq. km of gold properties in Quebec.Its flagship Wasamac project, 15 km west of Rouyn-Noranda in the heart of the Abitibi, contains 30 million measured and indicated tonnes grading 2.70 grams gold per tonne (or a contained 2.6 million oz. gold) that could be mined f...Read More
Troubled miner Imperial Metals (TSX: III) has kicked debt-repayment deadlines further down the road, and will examine strategic alternatives that could include a sale or merger.Asset sales, joint ventures and a recapitalization are also on the table.The company says it has already sold a 0.5% net smelter return royalty interest on its Red Chris project for US$17 million. It would only identify the...Read More
Rio Tinto (LON: RIO) says it plans to buy back shares worth about US$3.2 billion.The funds were generated from the sale of coal assets and a smelter.Rio has completed the sale of Hail Creek and Valeria for US$1.7 billion, Winchester South for US$0.2 billion, and Kestrel for US$2.25 billion (all pre-tax), in addition to its Dunkerque aluminium smelter in northern France for US$500 million.The lates...Read More
CloseGain/LossGold $1203.50+$5.10Silver$14.24+$0.09XAU66.69+1.97%HUI144.38+2.25%GDM521.55+1.96%JSE Gold1057.11+11.53USD94.55-0.07Euro116.73+0.05Yen89.25+0.07Oil$71.12+$1.2710-Year3.080%+0.026T-Bond141.0625-0.34375Dow26405.76+0.61%Nasdaq7950.04-0.08%S&P2907.95+0.13% The Metals: Gold gained $7.80 to $1206.20 at about 9AM EST before it chopped back lower at times, but it still ended with a ga...Read More
- "Every fiat currency in history has failed and this one is failing" warns Silver Guru- "I do not think we can go another 5 years" ... I am looking for this to happen "between 2020 and 2022" says David Morgan- We could move to a "cryptocurrency type of situation that is government backed"; is a "world currency possibility" or we could "go back to some type of gold standard"- "Very difficult to...Read More
What is an ETF? Like stocks, ETFs are traded on exchanges around the world; however, unlike stocks ETFs contain a mix of stocks, commodities and bonds.Read full newsRead More
Canadian cannabis producers lead the developing market for cannabis.As we watch their stocks, the markets are telling us that they may soon be acquired by much larger companies.Read full newsRead More
"Watch #Namaste420 live with CEO Sean Dollinger & special guests Phil Leahy from Retail Global, today at 4:20PM EST.Catch it here: https://t.co/lQdGsiik21"Read full newsRead More
The world's largest beverage company is in talks with Canada's Aurora Cannabis to develop pot drinks, BNN Bloomberg has learned. #CannabisCanadaRead full newsRead More
The useful crop has seen renewed interest alongside legalized weed - and there are signs that US officials are warming to itRead full newsRead More
"Where Is Weed Legal? South Africa Becomes Latest Country to Legalize Private Marijuana Use #international #marijuana #cannabis $CROP $WEED $ACB $TLRY $OGI https://t.co/xtQqKfrydX"Read full newsRead More
"Metallon has evaluated Zimbabwe's current economic climate and has begun looking at paying its mining equipment suppliers in gold.https://t.co/d2n8hXtMLo #mining #gold #investing"Read full newsRead More
"Black Tusk Resources (@tusk_inc) (#CSE: $TUSK) COMMENCES BEDROCK TRENCHING PROGRAM ON THE GOLDSMITH PROPERTY [https://t.co/tJIeKdeGTT]#investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business #investments #mining #resources #gold"Read full newsRead More