Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Spruce Ridge Resources Ltd. is pleased to announce that it has foRead full newsRead More
Long-term investors should not worry much about the short-term chaos. Even if the markets remain volatile in the near term, top TSX stocks will likely outperform and deliver decent returns to shareholders in the long term. Here are three Canadian stocks to buy for the long term.NuveiA payment-processing company stock, Nuvei (TSX:NVEI) has been notably weak recently and lost 25% since last month. H...Read More
Barrick Gold (TSX:ABX)(NYSE:GOLD) took a beating in recent months after a strong run through the first part of the pandemic. Contrarian investors wonder of this might be a good time to put Barrick Gold stock on their buy list.Bond yield impact on gold pricesGold recently slipped below US$1,700 per ounce. That’s well off the 2020 high around US$2,080. The pullback appears due to several facto...Read More
In life, I think it’s broadly true that investors get what they pay for. In the case of Franco-Nevada Corp. (TSX:FNV)(NYSE:FNV), this is certainly the case. The stock trades around 100-times earnings, a significant premium to its peers. Certainly, in the gold space, this is the golden child among many investors.However, I think this stock’s expensive valuation is completely justif...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 10 that are worth another look.High bulk freight costs are causing severe challenges in shipping ferrous materials this week, sources told Fastmarkets.The majority of members of the Workers' Union at Minera Los Pelambres in...Read More
Keith WeinerPosted Mar 10, 2021Before we talk about Fedcoins, let’s look at the old school non-digital, non-blockchain, coin. Gold. And silver.Since January 4, the price has dropped about $244. And the price of silver has fallen about $4. Are these buying opportunities? Or the end of the brief gold bull market of 2020 (i.e. Covid)?It helps to return to the idea that gold is the unit of measu...Read More
The majority of members of the Workers' Union at Minera Los Pelambres in Chile voted to go on strike after rejecting the latest labor offer from the unit's owner, Antofagasta, the union said on Wednesday March 10.According to the union, 389 members voted to walk out from the mine operations, while there were six votes to approve the offer and three abstentions. The previous labor deal will expire...Read More
Tin supply is extremely tight worldwide, resulting in a tin cash price near 10-year highs and peak premiums in all global regions in the fortnight to Tuesday March 9.After being relatively flat for a long time, European premiums made sudden jumpsTin from the government stockpile has offered no relief yet in the United StatesTaiwan's tin premium holds Premiums hit record high in 'extremely dif...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 10 that are worth another look.High bulk freight costs are causing severe challenges in shipping ferrous materials this week, sources told Fastmarkets.The majority of members of the Workers' Union at Minera Los Pelambres in...Read More
GT Gold (TSXV: GTT) reached an all-time high yesterday, closing up 59.7% to C$3.21 on news of Newmont's all-cash acquisition at $3.25 per share, a 38% premium to GT's 20-day VWAP.GT put the total equity value of the transaction at $456 million on a fully diluted basis, while Newmont put the cash consideration at $393 million.Interestingly Newmont, which already held about 15% of the explorer focus...Read More
The majority of members of the Workers' Union at Minera Los Pelambres in Chile voted to go on strike after rejecting the latest labor offer from the unit's owner, Antofagasta, the union said on Wednesday March 10.According to the union, 389 members voted to walk out from the mine operations, while there were six votes to approve the offer and three abstentions. The previous labor deal will expire...Read More
Fastmarkets rounds up the latest logistical issues affecting supplies of metal, ores and alloys from African countries, in the period from January 18 to Monday March 8.March 8South African manganese ore supply reductions are starting to become more obvious to the market after severe rains between December 2020 and February 2021 caused serious flooding, which halted some production and damaged rail...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 10 that are worth another look.High bulk freight costs are causing severe challenges in shipping ferrous materials this week, sources told Fastmarkets.The majority of members of the Workers' Union at Minera Los Pelambres in...Read More
Fastmarkets rounds up the latest logistical issues affecting supplies of metal, ores and alloys from African countries, in the period from January 18 to Monday March 8.March 8South African manganese ore supply reductions are starting to become more obvious to the market after severe rains between December 2020 and February 2021 caused serious flooding, which halted some production and damaged rail...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 10 that are worth another look.High bulk freight costs are causing severe challenges in shipping ferrous materials this week, sources told Fastmarkets.The majority of members of the Workers' Union at Minera Los Pelambres in...Read More
Turkish steel mills went quiet in the deep-sea scrap markets after the latest downturn in prices, with activity in the long steel market still slow, market participants told Fastmarkets on Wednesday March 10.Three US cargoes had been booked by two Turkish steelmakers, on Saturday and late on Monday, at around $453-456 per tonne cfr on HMS 1&2 (80:20) basis, sending daily scrap indices down by almo...Read More
British steel scrap suppliers have mostly settled monthly delivery prices for steel scrap to domestic consumers at prices up by ?30 ($42) per tonne for March.This increase will recover all the losses made one month earlier, amid persistently tight local supplies and firm demand for exports to traditional deep-sea markets, industry sources told Fastmarkets on Wednesday March 10.The move was seen a...Read More
Share this article NorthWest Copper Corp. [NWST-TSXV] on Wednesday March 10 announced a bought deal financing that is expected to raise $13 million from the sale of 3.75 million common shares, five million flow-through common shares, and 4.55 million charity flow-through common shares to an underwriting syndicate.The common shares will be sold for 80 cents a share, the flow-through shares will be...Read More
Share this articleVANCOUVER - GT Gold Corp.(TSX-V:GTT; OTCQX:GTGDF) and Newmont Corporation (NYSE: NEM, TSX: NGT) reported they have entered into a binding agreement, pursuant to which Newmont has agreed to acquire all of the outstanding shares of GT Gold that Newmont does not already own for C$3.25 per share in cash. The total equity value pursuant to the transaction is approximately C$456 millio...Read More
QuestEx Gold & Copper Exploration (TSX-V: QEX) is exploring for high-grade gold and copper, with a focus on the Golden Triangle and Toodoggone areas of British Columbia. We learned from Dr. Tony Barresi, President of QuestEx Gold & Copper Exploration (TSX-V: QEX) that their assets are being advanced by a newly assembled Technical and Management Team, with experience in exploration, permitting and...Read More