If you like your stocks with a bit of grit, the following two picks will give you not only some sturdy metal and minerals exposure, but also some diversification. Let's dig into some of the market fundamentals for two of the best diversified mining stocks on the TSX and see whether there is some glittering upside left for investors.Largo Resources (TSX:LGO)You may know Largo Resources as a minera...Read More
"The number of homes on the market surged, the number of sales dropped, and price reductions were abundant last month, all signs that buyers are pulling back in metro Denver" - Denver Post (September 6, 2018) citing the Denver Metro Association of Realtors.Buy a home now if you must if you manage to qualify for one of the de facto sub-prime mortgages sponsored by the Government Taxpayer. But I gua...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. Source: ABC Goldfields-Esperance: Jarrod Lucas.RNC Minerals [RNX-TSX] is seeing a "tidal wave" of interest from prospective buyers following a spectacular-looking gold discovery at the Beta Hunt mine site in Australia, said RNC CEO Ma...Read More
Drilling the Tatogga property in B.C.'s Golden Triangle. Source: GT Gold Corp.GT Gold Corp. [GTT-TSXV, GTGDF-OTC] gave back some gains Tuesday September 11 following a strong market reaction to drill results released on September 10, 2018, from its Tatogga property in B.C.'s Golden Triangle region. GT said Tuesday it is raising $6 million in a bid to advance the Tatogga property.The announcement...Read More
Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (16,094.25, up 37.16 points).RNC Minerals. (TSX:RNX). Metals. Up 10.5 cents, or 60 per cent, to 28 cents on 54.2 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Up 83 cents, or 10 per cent, to $9.09 on 30 million shares.Aphria Inc. (TSX:APH). Health care. Down nine cents, o...Read More
A red beast was born at the Temple of Israel that prophecy says will bring about the end of times.The New York Post is reporting that the end is nigh:An all-red heifer was born at the Temple of Israel on Sept. 4, fulfilling a biblical prophecy to "reinstate purity to the world and the rebuilding of the Holy Temple."The sacrifice of a red heifer is essential to the construction of a third temple in...Read More
Joe Grosso, with Golden Arrow, the Next Massive Silver Producer in Argentina, advises, "Buy your Straw Hat in the fall." I am taking a position in Golden Arrow Resources Corporation (TSX-V: GRG, FSE: GAC, OTCQB: GARWF). 2018 Guidance 1.4-to 2.8 Moz. Ag, plus 7.0-12.5 Mlbs Pb, 5.50 - 7.5 Mlbs Zn Joe Grosso has spent the last 25 years doing the nearly impossible - de-risking a mining operation in Ar...Read More
Fundamental DevelopmentsThe price of gold dropped five bucks, and that of silver 40 cents last week. But let's take a look at the supply and demand fundamentals of both metals. Also, we continue to follow the development in the gold-silver ratio. One can buy a lot of silver for one's gold these days. Silver has become extraordinarily cheap, but keep in mind that it was even cheaper vs. gold in th...Read More
Colorado School of Mines is again the top-ranked national university in the state of Colorado, according to the latest U.S. News & World Report rankings. The 2019 rankings, released Monday, put Mines at No. 80 among all national universities, the top spot for any school in Colorado. Among public schools, Mines ranked No. 32 nationwide. How Mines stacks up in the U.S. News & World Re...Read More
There's no better example of how unhinged the junior mining market can get than the last few releases in August from Toronto-based Desert Lion Energy in relation to its assets in Namibia.Desert Lion proudly describes itself as a "lithium development company focused on building Namibia's first large-scale lithium mine. The company is currently in phase one of its production plan, producing and expo...Read More
Gold Reserve rose 17 ? to $3.35 per share. The company recently received Venezuelan government bonds with an estimated market value of US$88.5 million as payment towards the December 2017 and January and February 2018 monthly installments under a 2009 settlement agreement. The latest payment brings the total amount Gold Reserve has received so far to US$276 million. (Venezuela is five months in ar...Read More
In August, Balmoral Resources (TSX: BAR; US-OTC: BALMF) optioned the Gargoyle nickel property, 55 km northeast of Atikokan, Ontario. Just a few weeks later, it expanded Gargoyle 1,600% by staking another 697 claims, and acquiring two new properties nearby: Goblin and Ghost.The additions make Balmoral the dominant landholder in that part of the Lumby Lake greenstone belt. Its Gargoyle property incl...Read More
Test mining of an initial 80,000 tonnes at Barkerville Gold Mines' (TSXV: BGM; US-OTC: BGMZF) Bonanza Ledge underground gold mine in south central B.C. returned higher-than expected grades and confirmed mill recoveries.Barkerville extracted test material using long-hole mining methods on two levels of the Bonanza Ledge mine. The test graded 7.05 grams gold per tonne compared to a planned 6.5 grams...Read More
Canada's benchmark index fell 1.06% to 16,090.27 during a shortened trading week. The S&P/TSX Global Mining Index fell 4.3% to 62.70 and the S&P/TSX Global Gold Index fell 2.9% to 152.66. The gold price didn't fare much better, falling 0.38% to US$1,196.20.Shares of Nevsun Resources rose 88 ? to $5.82 on news that it had agreed to a friendly takeover bid from Zijin Mining, valuing the company at $...Read More
Palamina (TSXV: PA; US-OTC: PLMNF) is continuing to expand the Veta gold zone at its Coasa gold project in south eastern Peru.The company discovered high-grade gold at surface at Veta when it channel sampled 19.6 grams gold per tonne over 1.8 metres and 103 grams gold over 0.9 metre. Follow-up rock-chip sampling graded as high as 620 grams gold. The work expanded the zone of surface gold mineraliz...Read More
Every so often, I remember a critical idea every investor must know."If you can't understand the catalyst that will move an investment in your favor, you are the catalyst of someone else's profit. Even if you understand the catalyst, you will be wrong and must have a plan."Wall Street is pretty good about cleaning up the ill prepared."That's from Howard Lindzon, co-founder of StockTwits, and it de...Read More
Geoffrey is the Corporate Manager of Metallurgy and Processing at Barrick.Read More
"While COT is bullish, it took 6 months the last time for the rally to gain steam. More important is the INTERSECTION of the 21st century upper trend line & 2011 downtrend line WITH PRICE TOUCHING THERE at the same time.It's another shit or get off the pot moment for gold."Read full newsRead More
CloseGain/LossGold $1195.50-$0.60Silver$14.17+$0.02XAU61.92-1.76%HUI133.98-1.65%GDM490.63-1.62%JSE Gold1010.15-8.61USD95.16-0.23Euro115.97+0.36Yen89.97-0.18Oil$67.54-$0.2110-Year2.937%+0.001T-Bond143.46875+0.125Dow25857.07-0.23%Nasdaq7924.16+0.27%S&P2877.13+0.19% The Metals: Gold fell $4.40 to $1191.70 in London before it rallied up to $1198.50 by midmorning in New York, but it then edged...Read More
by Bloomberg News- Jitters surrounding London property are finally starting to show up in home prices- Brexit uncertainty, rising interest rates, higher sales tax and stretched affordability- Islington suffered the biggest declines, with home prices falling 7.8 pct in 12 months as per official data- Surveys have shown declines for several months, but now the end of the boom is clear in official...Read More