The price of crude oil is rapidly on the rise.Oil recently broke past $70 per barrel for the first time since 2014 after President Trump pulled out of the Iran deal. And many believe the black stuff is set to top $100 per barrel again shortly.For summer vacationers, that means a much more expensive drive to the beach. But for the savvy investor, this summer's oil prices could mean huge gains.Here'...Read More
Two technologies commercially launched within a week of each other promise to be game-changing ore examination tools.Noel Dyson* Chrysos Photon Assay unit. Photo: Tony McDonough11 MAY 201811/05/2018commentsshare Perhaps the most exciting thing about the Orexplore GeoCore X10 core scanner and Chrysos Corporation's photon assay tools is that nobody is really sure where their biggest impacts will be.Read More
Lithium Chile (TSX-V: LITH) owns fifteen projects, encompassing 148,100 hectares on Li-rich Salars in Chile - which has the largest, high-grade lithium reserves and lowest-cost lithium production in the world. The portfolio includes projects, with high-grade lithium brines and excellent chemistry, at shallow depths - all of which have good access to infrastructure. The company is well-funded and h...Read More
Rio Tinto and Alcoa - with the backing of Apple - have announced a revolutionary process to make aluminium that produces oxygen and eliminates all direct greenhouse gas emissions from the traditional smelting process.Kristie Batten*Announcing the creation of Elysis11 MAY 201811/05/2018commentsshareRio and Alcoa announced the formation of Montreal-based joint venture company, Elysis to develop and...Read More
May 11, 2018 (Investorideas.com Newswire) The first quarter saw some high-profile M&A activity in the precious metals sector. In this interview with Streetwise Reports, Ralph Aldis, portfolio manager of U.S. Global Investors, discusses the market landscape and some companies that could be takeover targets.The Gold Report: Ralph, there have been some high-profile mergers and acquisitions (M&A) in t...Read More
May 11, 2018 (Investorideas.com Newswire) CIBC reviewed this mid-tier company's Q1/18 results.In a May 7 research note, CIBC analyst David Haughton reported that IAMGOLD Corp. (IMG:TSX; IAG:NYSE) "continued the recent positive operating momentum with strong Q1/18 results, and these good results should be well received."The miner's adjusted earnings per share for the quarter were $0.09, higher than...Read More
Via Sovereignman.comIn 1923, a young Jewish immigrant from a small town in modern-day Ukraine founded a candy company in Brooklyn, New York that he called "Just Born".His name was Samuel Bernstein. And if you enjoy chocolate sprinkles or the hard, chocolate coating around ice cream bars, you can thank Bernstein- he invented them.Nearly 100 years later, the company is still a family-owned business,...Read More
May 11, 2018 (Investorideas.com Newswire) Edward Sterck, an analyst with BMO Capital Markets, discussed the implications of its recent suspension of shipments for this Chilean firm in the short and medium term.In a May 8 research report, analyst Edward Sterck with BMO Capital Markets relayed that Antofagasta Plc (ANTO:LSE) has resolved the blocked concentrate pipeline at Los Pelambres that caused...Read More
Colorado School of Mines celebrated its Spring 2018 Undergraduate Commencement on May 11, conferring a total of 910 bachelor's degrees as it welcomed its newest class of graduates into the Oredigger alumni community. At the ceremony, held at Marv Kay Stadium at the Harold M. and Patricia M. Korell Athletics Center, 16 outstanding students representing each of Mines' academic departments recei...Read More
In the middle of Idaho, there's a historic mining area that produced huge amounts of gold for 100 years before being abandoned in the 1990s.They thought it was dried up. They thought it was kicked. They thought it was done.They thought wrong.One small company (It trades for less than $1.00 a share!) trekked out there. It applied for the permits, it put in the work, and what it found was astonishin...Read More
Via Sovereignman.comIn 1923, a young Jewish immigrant from a small town in modern-day Ukraine founded a candy company in Brooklyn, New York that he called "Just Born".His name was Samuel Bernstein. And if you enjoy chocolate sprinkles or the hard, chocolate coating around ice cream bars, you can thank Bernstein- he invented them.Nearly 100 years later, the company is still a family-owned business,...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD ENTERS INTO AGREEMENT TO ACQUIRE SHARES OF NOVO RESOURCES CORP.Kirkland Lake Gold Ltd.has entered into a share purchase agreement with Artemis Resources Ltd. to acquire four million common shares of Novo Resources Corp. at a price of $5 per share for a total purchase price of $20-million. The Acquisition is scheduled to close on or before May 31, 2018.C...Read More
CloseGain/LossGold $1320.60+$8.80Silver$16.72+$0.23XAU83.81+1.74%HUI182.34+1.15%GDM640.58+1.23%JSE Gold1059.60-30.74USD92.66-0.46Euro119.25+0.74Yen91.34+0.13Oil$71.36+$0.2210-Year2.967%-0.038T-Bond143.1875+0.53125Dow24739.53+0.80%Nasdaq7404.97+0.89%S&P2723.07+0.94% The Metals: Gold climbed $10.90 to $1322.70 by midmorning In New York before it pared back heading into midday, but it then ra...Read More
by Claudia Carpenter, BloombergIran's gold demand will probably be "strong" for the next few months and then gradually decline as U.S. sanctions start to take effect, according to the researcher who covers the country for Metals Focus Ltd.After a previous set of sanctions was imposed on Iran in 2012, it took two years for the country's gold demand to start falling, according to data from the Wor...Read More
Other than crude oil, none of the financial markets have reacted to Iran's nuclear deal cancellation news. The Bank of England (BOE) meeting today can provide the impetus for a trend change in currency markets as well as precious metals. Sterling can rise just before the BOE meeting or just after the BOE meeting. However if sterling falls after the BOE meeting gold will also crash. Right now g...Read More
Junior explorer Megastar Development (TSXV: MDV) announced today that it has signed a Definitive Option Agreement with Paradex, a private American mining exploration company, and Minera Zalamera, a private Mexican mining exploration company, to acquire 100% interest in the mineral concessions known as the Rama de Oro project located in the state of Oaxaca, southern Mexico.In a press release, Megas...Read More
The cryptocurrency market has rebounded over the past 24 hours, as the bitcoin (BTC) price gained about 3%, while other major cryptocurrencies such as Ethereum (ETH) and Bitcoin Cash (BCH) recorded bumps in the 3 to 8% range. The current price levels give bitcoin a total market ...Read full newsRead More
In an official event that included Canada's Prime Minister, Justin Trudeau, Qu?(C)bec's Premier, Philippe Couillard, and Apple's CEO, Tim Cook, Alcoa (NYSE: AA) and Rio Tinto (ASX, LON:RIO) announced the launching of Elysis, a joint venture company whose goal is to push towards commercial production a newly discovered, carbon-free aluminum smelting process.At the event, executives from the compani...Read More
The U.S. International Trade Commission said on Thursday it had made a preliminary finding that U.S. producers were being harmed by imports of steel automotive wheels from China.The decision follows an announcement last month by the U.S. Commerce Department that it had opened an investigation to determine if certain steel wheels from China are dumped in the United States and whether producers in C...Read More
No miners were hurt in a fire that broke out on Thursday at Russia's Raspadskaya coal mine, steelmaker Evraz said.Evraz, which controls Raspadskaya, said all miners had been evacuated and that the blaze is thought to have started in the mine's technical equipment.Local authorities in Russia's Kemerovo region, where the mine is located, told Interfax news agency that 195 miners had been working at...Read More