Mr. Tony Makuch reportsKIRKLAND LAKE GOLD REPORTS NEW HIGH-GRADE, VISIBLE-GOLD BEARING INTERCEPTS AT SWAN ZONE, ADDITIONAL GROWTH IN SWAN MINERAL RESERVES EXPECTEDKirkland Lake Gold Ltd. has released continued high-grade results from drilling at the Fosterville mine in Victoria, Australia. Underground drilling continues to target additional growth in mineral reserves and mineral resources at the h...Read More
Shares in Mexico-focused precious metals miner Fresnillo (LON:FRES) shoot up almost 5% in afternoon trading in London after it announced a 12% increase in revenue to $1.12 billion in the first half of the year.The miner, which is the world's largest primary silver producer and Mexico's second largest gold company, also raised its interim dividend by 0.9% to 10.7 cents a share.Net profit, however,...Read More
Shares in Mexico-focused precious metals miner Fresnillo (LON:FRES) shoot up almost 5% in afternoon trading in London after it announced a 12% increase in revenue to $1.12 billion in the first half of the year.The miner, which is the world's largest primary silver producer and Mexico's second largest gold company, also raised its interim dividend by 0.9% to 10.7 cents a share.Net profit, however,...Read More
De Beers, the world's largest rough diamond producer by value, said Tuesday it had decided to proceed with the closure and rehabilitation of its Voorspoed diamond mine in South Africa.The Anglo American unit said the move followed an extensive disposal process, which involved a rigorous due diligence exercise on the bidders to acquire Voorspoed.The plan was that an operator with a lower cost struc...Read More
Glen McKay, Co-Founder Newfoundland Hard-Rok Inc.It takes hard work and perseverance to succeed in the mining industry. Glen McKay, the chairman of the board of directors and founder of leading explosives manufacturer, Newfoundland Hard-Rok Inc, has both these qualities, starting his career as a deckhand in the fishing industry in Newfoundland and Labrador before leading businesses in a range of...Read More
Medical grade cannabis or base metals? It feels like a very Canadian-stock-market kind of question, doesn't it? While the TSX has traditionally be known for its financials, mining stocks, and energy stocks, nowadays your pal Google will very helpfully suggest "cannabis" if you try searching for Canadian stocks.There's little wonder why. Cannabis is this generation's internet in terms of investment...Read More
It is rare that investors have the opportunity to invest in an intermediate gold producer during its build-up phase, but one such opportunity is Leagold Mining (TSX:LMC). The miner commenced operations in 2016 and is focused on becoming a leading intermediate Latin American gold producer. While gold has weakened in recent weeks, as concerns over economic and geopolitical risks, including a trade...Read More
Despite a string of unimpressive results and continued weakness in the uranium market, Cameco Corp. (TSX:CCO)(NYSE:CCJ) has long been viewed as a promising long-term option for investors.The uranium market has remained weak since the Fukushima disaster in Japan back in 2001, with demand sharply falling and supply increasing as mining operation levels remained largely unaffected for several years.N...Read More
For some time, pundits have been claiming that demand for uranium will grow at a decent clip, which will be a powerful tailwind for uranium miners such as Cameco (TSX:CCO)(NYSE:CCJ). Despite those pundits and industry insiders talking up the prospects for uranium for some time, very few, if any, positive events have occurred. This has left Cameco and other uranium miners to cope with operating i...Read More
The last two years have been particularly tough for intermediate silver and gold miner Tahoe Resources (TSX:THO)(NYSE:TAHO). After being forced to shutter operations at its Escobal silver mine in Guatemala, its market value has cratered to see its shares trading at below 50% of their value two years earlier.As a result, Tahoe is trading well below its book value per share, even after accounting fo...Read More
Despite the earnings and revenue miss for its second-quarter results, Goldcorp (TSX:G)(NYSE:GG) is still one of the best-positioned gold stocks on the Toronto Stock Exchange. In fact, the meaningful dip of the stock, after the earnings report last Wednesday, is a good opportunity to pick up some shares for long-term accounts looking for exposure to gold.Q2 resultsHere are some key metrics compar...Read More
Some investors are still referring to weed stocks as "green gold." But how do legal marijuana stocks compare to shares in actual gold? Let's take one of the most representative growth stocks from each industry and see how they compare.Get into green gold or real gold for growth?Growth investors have been going head over heels into weed stocks this past year. However, some analysts are comparing th...Read More
This almost makes me wonder if Angelo Mozilo is running NASA Federal Credit Union.A Short Seller's Journal subscriber heard an ad for this mortgage product on his local radio in Atlanta. NASA Federal Credit Union is offering 0% down payment, 0% PMI (Private Mortgage Insurance. "This is unique because conventional lenders will normally require PMI when your down payment is less than 20% of the home...Read More
Click to enlarge.by Ellsworth DicksonUnless you happen to work in the rare earths industry, you probably don't even think about these 17 rare earth metals - even though you reap their benefits every day and the military needs them to protect us.This became clear at the annual Argus Specialty Metals Week Conference held at the Hilton Lake Las Vegas Resort & Spa in Henderson, Nevada, about 45 mi...Read More
Diamond drilling a Pacific Ridge prospect. Source: Pacific Ridge Exploration Ltd.Pacific Ridge Exploration Ltd. [PEX-TSXV] on Tuesday July 31 said field work is underway at its 100%-owned Gold Cap Project in the Yukon's White Gold District.Pacific Ridge shares advanced on the news, up 10% or $0.005 to 5.5 cents in early trading, Tuesday. The 52-week range is 7 cents and 4.5 cents.The junior's expl...Read More
Exploring Juggernaut's Midas property in northwestern British Columbia. Preparing a sling load of supplies for the fly camp. Source: Juggernaut Exploration Ltd.Juggernaut Exploration Ltd. [JUGR-TSXV] said Tuesday July 31 that it has commenced diamond drilling and IP programs on its Empire property northeast of Terrace, British Columbia.Juggernaut is focused on two project areas - Empire and Midas...Read More
Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (16,393.95, down 61.78 points)Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up 21 cents, or 3.08 per cent, to $7.02 on 9.26 million shares.Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 14 cents, or 3.35 per cent, to $4.04 on 8.66 million shares.Cequence Energy Ltd. (TSX:CQE). Oil and gas. Down...Read More
CALGARY - The head of Canada's largest drilling company says he's not surprised that a Canadian drilling forecast is being chopped despite higher global oil prices so far this year.Kevin Neveu, CEO of Precision Drilling Corp., said Tuesday his company is in the process of moving an idle drilling rig from the Deep Basin of northwestern Alberta to Pennsylvania, where it is expected to find work dri...Read More
It was 1:30 in the morning, and I was exhausted.I had an interview with a band that was doing a show at the Kingsland in Brooklyn. It was a fantastic show and an absolute privilege to speak with some of the members of the Ukrainian metal band, Jinjer. But I can't lie. I don't keep the same late hours I used to. And when the show was over, I was ready to get back to my room and get some shut-eye.No...Read More
Last year about this time (mid-June), I wrote some predictions. Let's see how we did.I wrote:Here we are just about halfway through 2017.It is just past the longest day of the year, when I slaughtered a goat under an oak tree with a silver sickle just as the sun went down. After pulling out its bloody entrails, a friendly neighborhood druid studied them intently. She turned to me, eased the dark c...Read More