Emerging market currencies are collapsing pretty much everywhere these days. But it's safe to assume that most people don't understand exactly what's causing this outbreak, why it's happening now, or what “external dollar debt” has to do with it. So here's a quick primer followed by the obligatory apocalyptic prediction:Prelude: cheap dollar financingPretend for a second that you're Br...Read More
Mining team evaluating the ramp at the past-producing Snip Mine in northwest British Columbia. Source: Skeena Resources Ltd.Skeena Resources Ltd. [SKE-TSXVSKREF-OTC] on Thursday August 16 released final assay results from the 9,583-metre Phase II surface and underground drilling program at the company's 100%-owned Snip Project in British Columbia's Golden Triangle region.The former Snip Mine was a...Read More
Well, 2018 certainly has been an interesting year for me, to say the least… There’s been some good, bad, and even the UGLY that I’ve had to deal with.But as they say, in life you win some and you lose some.The important thing is to try and learn from your experiences and grow as a person. With all that said, I’ve now sort of reached a crossroads with my life — The las...Read More
Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (16,225.65, up 77.15 points)Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 13 cents, or 2.04 per cent, to $6.25 on 11.48 million shares.Canopy Growth Corp. (TSX:WEED). Healthcare. Down $1.52, or 3.6 per cent, to $40.68 on 8.58 million shares.MEG Energy Corp. (TSX:MEG). Oil and gas. Down 15 ce...Read More
While the market was tanking yesterday, pot stocks were flying.Canopy Growth Corporation (TSX: WEED), a stock I recommended back when it was trading for $1.60 a share, crushed earnings. The stock gained 31%, closing at $42.20.That means those who took my advice to buy this stock a few years back are now sitting on gains of 2,537.5%.A simple $25,000 investment in WEED is now worth more than $650,00...Read More
A strike at Imperial Metals' (TSX: III) Mt. Polley mine and lower copper recoveries at its Red Chris mine in the second quarter will reduce production targets this year, president and CEO Brian Kynoch said during a conference call.The company has also postponed expenditures on a number of capital projects budgeted for the first half of 2018 to the second half of the year or into 2019.Imperial rec...Read More
Orsu Metals (TSXV: OSU) has identified a 200 metre-wide, steeply-dipping gold stockwork in the Klyuchi West zone at its Sergeevskoe gold project in Russia. Drill results from that zone are highlighted by the intersection of 2.0 grams gold per tonne over 10.1 metres from 45 metres depth and 5.8 grams gold per tonne over 5.5 metres from 90 metres depth. At the adjacent Zone 23, drill highlights incl...Read More
The dog days of summer are upon us in North America, and this year for the mining industry the biggest dogs are gold and copper - the two leading precious and base metals, which have seen precipitous price drops in the face of a strong U.S. dollar and U.S. Treasuries in mid-2018.As we go to press on Aug. 14, the spot price for gold has slumped below the long-held US$1,200 per oz. support line, and...Read More
Gold Fields (NYSE: GFI) has posted an impairment charge of US$359 million in the first half of the year at its troubled South Deep mine in South Africa, which has recorded losses of US$284 million over the last five years.Production at the mine west of Johannesburg fell by 19% year-on-year to 97,000 ounces of gold in the six months ended June 30, and the company says its latest restructuring plan...Read More
GEORGES BANK, 1896ONE midwinter day off the coast of Massachusetts, the crew of a mackerel schooner spotted a bottle with a note in it. The schooner was on Georges Bank, one of the most dangerous fishing grounds in the world, and a bottle with a note in it was a dire sign indeed. A deckhand scooped it out of the water, the sea grass was stripped away, and the captain uncorked the bottle and turned...Read More
"Canada Cobalt Works (@canadacobalt) (TSXV: $CCW // OTC: $CCWOF) Re-2OX Produces 22.6% #Cobalt Sulphate [https://t.co/yFJBUqJrSy]#investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business #mining #cleanenergy"Read full newsRead More
CloseGain/LossGold $1174.80-$19.50Silver$14.42-$0.65XAU66.06-6.56%HUI143.25-6.11%GDM520.90-5.65%JSE Gold951.07-81.58USD96.71+0.02Euro113.53+0.07Yen90.55+0.43Oil$65.01-$2.0310-Year2.860%-0.033T-Bond144.6875+65625Dow25162.41-0.54%Nasdaq7774.12-1.23%S&P2818.37-0.76% The Metals: Gold drifted lower throughout most of world trade and ended near its late session low of $1173.20 with a loss of 1.6...Read More
- London house prices fall at the fastest annual rate since height of the financial crisis- London house prices fall in 5th month in row, worst falls since 2009- London rents dropped at the fastest rate in eight years - ONS- Brexit, London property slump put brake on UK house price growth- Consumer spending declined in July as inflation increasedUK house price growth slowed in June to the lowe...Read More
In a joint statement, owners Barrick Gold and NovaGold Resources announced that the US Army Corps of Engineers and Bureau of Land Management have issued a joint record of decision for the project.Read full newsRead More
"New Carolin Gold Corp. (@NewCarolinGold) (TSXV: $LAD // OTCBB: $LADFF) Rediscovering #Gold Potential in Historic B.C. Gold #Mining Region [https://t.co/plTFv2eNWD]#investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business #resources #mine"Read full newsRead More
Mining and metals investors dumped the sector's big names on Wednesday after sharp drops in base and precious metal prices over concerns of emerging market contagion from the currency crisis in Turkey, worries about the robustness of the Chinese economy and the impact of widening trade war sparked by US tariffs.Copper touched a low of $2.55 a pound ($5,622 a tonne) in New York and entered a bear m...Read More
Mining and metals investors dumped the sector's big names on Wednesday after sharp drops in base and precious metal prices over concerns of emerging market contagion from the currency crisis in Turkey, worries about the robustness of the Chinese economy and the impact of widening trade war sparked by US tariffs.Copper touched a low of $2.55 a pound ($5,622 a tonne) in New York and entered a bear m...Read More
Gold futures volumes have surged on the Borsa Istanbul as the lira's plunge boosted the local price of metal...Read full newsRead More
Tesla's energy division is on a roll when it comes to large battery projects, especially in Australia since the success of its giant battery system in in the country. Now we learn that Tesla ...Read full newsRead More
"CROP Infrastructure Corp. (@CROP_cse) (CSE: $CROP // OTCMKTS: $CRXPF) Advances Its San Bernardino #Dispensary Application and Increases Ownership in California Farm [https://t.co/IZx2EIymAj]#POTstocks #investing #stocks #stockmarket #trading #investors #capitalmarkets #news"Read full newsRead More