The Critical Investor profiles a miner that is ramping up its gold mine in Nevada on time and on budget.Pan Mine, Nevada1. IntroductionFiore Gold Ltd. (F:TSX.V; FIOGF:OTCQB) has progressed its Pan Mine in Nevada, U.S. in a very steady fashion, on time and on budget. Exploration for additional resources (and hopefully years of mine life as well) has been successful so far, and a new COO has been...Read More
If you think you missed the boat on pot stocks, you are dead wrong.In fact, it may be the single best time to start investing. Marijuana stocks have been beaten down over the last few months - mostly based on the Canadian government's inability to decide on how to legalize and regulate it.This is a temporary issue, and will give you a great chance to buy life-changing stocks at a massive discount....Read More
A judge ruled that a bar was well within its right to kick out Trump supporters. And this is great news.Not because I have any particular animosity towards Trump supporters (any more than other enablers of government oppression). I’m not saying Trump supporters should be kicked out of bars. If I owned a bar I certainly wouldn’t kick out Trump supporters. After all, it’s not lik...Read More
A judge ruled that a bar was well within its right to kick out Trump supporters. And this is great news.Not because I have any particular animosity towards Trump supporters (any more than other enablers of government oppression). I’m not saying Trump supporters should be kicked out of bars. If I owned a bar I certainly wouldn’t kick out Trump supporters. After all, it’s not lik...Read More
"Leverage in the U.S. is grotesque for this stage of the cycle. At the moment you've got peak leverage at peak prices. It's not like you have to dig deep to find a problem."Read full newsRead More
CloseGain/LossGold $1323.10-$8.40Silver$16.56-$0.17XAU82.47-0.97%HUI180.83-0.85%GDM628.27-0.76%JSE Gold1095.11-17.72USD91.20+0.43Euro121.74-0.63Yen91.53-0.60Oil$68.05+$0.3510-Year3.026%+0.034T-Bond141.75-0.78125Dow24083.83+0.25%Nasdaq7003.74-0.05%S&P2639.40+0.18% The Metals: Gold fell $12.50 to $1319.00 by a little after 8AM EST before it chopped back higher in New York, but it still ended...Read More
- Emergency cash offered by Ulster Bank as cash vanishes from accounts- Bank makes EUR500 available to customers whose deposits vanish- Bank investigates after hundreds of complaints on social media- "My salary has disappeared from my account today and my wife had her card declined when trying to pay for a GP visit and medication"- Cyber attacks and Brexit are biggest threats to the securities...Read More
Bitcoin (BTC) is in danger of falling back to $8K, as daily losses continue. The price of US$8,948 at press time, down from an earlier morning high of US$9,743, marks a precipitous fall of nearly US$800, or just shy of 8%. Ethereum (ETH), Litecoin (LTC), Dash, Bitcoin Cash (BCH), and Ripple (XRP) ar...Read full newsRead More
Minotaur Exploration (ASX: MEP) announced today that it has signed a binding Heads of Agreement with Andromeda Metals (ASX: ADN), according to which the latter may earn up to 75 per cent interest in Minotaur's kaolin-halloysite deposits in South Australia through the expenditure of $6 million over a period of up to 5 years. According to Minotaur, the assets comprise three tenements containing seve...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD EXPANDS NEW HIGH-GRADE ZONE BELOW TAYLOR MINE, REPORTS MINERALIZED EXTENSIONS ALONG STRIKE AND AT DEPTHKirkland Lake Gold Ltd. has releasednew exploration drill results from surface and underground drilling at the Taylor mine in Northeastern Ontario and situated along the PDF. Recent drilling occurred at depth below both the East and West porphyry depos...Read More
Morning Market Breakdown, April 25: After the markets took a nasty tumble just before Tuesday's close, indexes continued to see red Wednesday morning.Read full newsRead More
Australia's biggest gold miner Newcrest Mining Ltd on Thursday cut its full year production forecast, while reporting a fall in third-quarter production.Newcrest now expects production of 2.25-2.35 million ounces of gold for the full-year ending June 30, down from 2.4 million to 2.7 million ounces expected earlier. It also downgraded guidance for its flagship Cadia mine which restarted production...Read More
Canada's First Cobalt, which has just bought another cobalt developer, is keen for more acquisitions to accelerate bringing on production to meet North American demand, a senior company official said.Expectations of soaring demand for cobalt because of its use in electric vehicles has inspired a hunt for the mineral across the globe.Governments and miners are anxious to secure supplies in more sta...Read More
Southern Copper Corp's chief executive said on Wednesday it had reached a settlement with a company in Peru that blocked development of its $1.4 billion Tia Maria project with a legal injunction.Southern Copper's Oscar Gonzalez told Reuters he hoped the new government of Peruvian President Martin Vizcarra would issue a permit "soon" to allow construction work on the long-delayed project to begin t...Read More
Colombia's State Council revoked a provincial judgment that allowed for a mining referendum in the municipality of Une, located in the central Cundinamarca state. According to W Radio, the council endorsed a plea introduced by mining workers against a ruling by the Cundinamarca Administrative Court, which declared constitutional the question that was going to be asked to Une residents regarding wh...Read More
Mr. Mike Beckstead reportsKLONDEX REPORTS FIRST QUARTER 2018 OPERATING RESULTS Klondex Mines Ltd. has released its preliminary operating results for the first quarter of 2018.First quarter 2018 highlights:Announced proposed acquisition of Klondex by Hecla Mining Co. for $462-million (U.S.);Mined 49,873 gold equivalent ounces (GEOs);Produced 43,525 GEOs;Mining and production results in line with co...Read More
FTSE 100 down 46 points at 7,379Glaxo slides as first-quarter earnings declinePersimmon shareholder blasts "excessive" ?110mln bonus for CEODespite a rally in the last 90 minutes of trading, London's blue-chip index ended another day in arrears.The FTSE 100 index closed at 7,379, down 46 points.Drugs giant GlaxoSmithKline PLC (LON:GSK) was a drag on the index after it reported a 2% decline in fir...Read More
Andrew Benitz of Jersey Oil & Gas PLC (LON:JOG) says pre-funding the seismic being shot over the Verbier acreage in North Sea allows the data to be optimised and is cheaper.Capex for the appraisal programme will be at the upper end of ?9-11mln including seismic.Drilling at Verbier will see an appraisal well in the summer to firm up the recoverable oil at the discovery.''All in all, the North...Read More
Stellar Diamonds PLC (LON:STEL) saw its shares leap 15.5% to 5.7p in late-afternoon trading as the AIM-listed diamond miner confirmed the court sanctioning of its acquisition by Australian miner Newfield Resources Limited (ASX:NWF).Stellar said as a result of the ruling the last day of trading for its shares would be 26 April, after which they would be suspended on 27 April and cancelled from 30 A...Read More
Thor Exploration LTD (TSXV:THX} CEO Segun Lawson is delighted by the initial drill results from the Segilola project in Nigeria.Lawson, who founded the Vancouver company, says the positive results further proves they are on the right track to making Segilola, the first large scale commercial gold mine in Nigeria.Lawson further adds they are expecting more drill results in May. Meet Peninsula...Read More